We just sold all of our rental properties so now we are looking for a second home or vacation home to enjoy the fruits of our labor! We saw an ad in the Real Estate section of the Washington Post with 1 bedroom luxury condominiums starting in the $400k range, so we decided to take […]
Author: horei89
When #Tenant Buys Rental Property! #realestatetips
We have a large 4 bedroom 3.2 bath brick townhouse that is the crown of our rental properties. We decided to sell the property during the pandemic to get the highest price possible. However, in our state, tenants have the right to purchase the rental property first. Bummer! We were really looking forward to getting […]
It’s the little upgrades that count! #realestatetips
We have owned most of our rental properties for more than 25 years. Now that the real estate market is super hot, we are selling! However, millennials like upgrades. According to our “millennial” real estate agent, they don’t want to buy fixer-uppers and handyman specials. Therefore, we need to make upgrades before we list the […]
How to Keep a #Tenant for 23 Years! #realestatetips #realestateinvestor
We have been fortunate to have the same family reside in our rental townhouse for 23 years! When they applied to rent the townhouse from us 23 years ago, they were having some credit problems so we requested that they provide 12 post-dated check every year. It worked out very well. They didn’t ask for […]
3 Tips to Sell Your Home in a Pandemic! #realestatetips
If you are unable to pay your mortgage and/or you decide it’s time to sell, believe it or not, a pandemic is the best time to sell! People are desperate to leave cramped living conditions in cities and move back to the suburbs. Quickly prepare your home for sale by (Tip #1) cleaning the home […]
#Landlord Survival in a #Pandemic! #landlords #realestateinvesting
Do you have a tenant who is having trouble paying the rent during the Coronavirus COVID-19 pandemic? The CARES Act, passed by Congress and signed by the President, gives tenants who are renting properties financed by Freddie Mac and Fannie Mae an extra 90 days to pay their rent without fear of eviction. Many states […]
A Cautionary Tale on Section 8 (Part 2) … #realestateinvesting #landlord #landlords
A cautionary tale continues from Part 1 … We decided to approve their application because the federal government pays the majority of their rent, and their disability checks are consistent and dependable income. Before the tenant moves in, an inspection must be conducted by the housing commission. The inspection was conducted a week later and […]
A Cautionary Tale on Section 8 (Part 1) … #realestate #realestateinvestor #propertymanagement
We own a 3 bedroom 3 bath townhouse in a suburban area with good schools. We have had the same tenant for 23 years. The reason the tenant stayed so long is because we rarely increased the rent, and when we did, it was just an extra $25 or $50 per month. We appreciated that […]
Selling Primary Residence Nightmare! #homesforsale #homeforsale #forsale
Full Disclosure — We are real estate investors, so we do not get emotional about buying or selling investment properties. However, when it’s the home you’ve lived in for 20 years, and you decide it’s time to sell and move on, it can become emotional and exasperating … We have worked with an excellent Real […]
Stone Tile Floors Beautiful but Hard to Clean! #realestatetips #propertybrothers
Stone tile floors are very popular with homeowners and tenants, however they can be very difficult to keep clean. We have owned a 1 bedroom ground floor condominium for 30 years. The previous owner upgraded the kitchen floor from vinyl to a gorgeous red stone tile. Our most recent tenant was a couple with 2 […]