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 […]
Posts with the rental property tag
#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 […]
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 […]
Chasing #Foreclosures! The Fully Upgraded House! #foreclosure
It’s Foreclosure Saturday! We have a standing appointment every Saturday to meet with our Real Estate Broker and look at foreclosures. We believe the real estate market is poised to take off and we want to be on-board the rocket ship! Therefore, we are always looking. When you think of foreclosures, you probably think of […]
Chasing Squirrels in the Attic! #propertymanagement
We have a 4 bedroom 3.5 bath townhome that is currently rented by a family. We received a note from them regarding “scratching” noises in the attic at night. This sounds familiar to a call we received a few years ago from a different tenant. Wierd sounds in the attic or ceiling usually mean squirrels […]
Ground Floor Condo Plumbing Backup & Leak! #waterdamage #propertybrothers
The disadvantage of owning a ground floor condominium is that “everything flows downhill …” Whenever there is a backup or stoppage, it occurs at the ground level due to gravity. We have owned this particular condo for 27 years, and have never had any major problems with it. Our tenant is perfect because she pays […]
Replace Wood Retaining Wall with Concrete? #propertymanagement
We have a rental property (townhouse) with a wood retaining wall that keeps soil from sliding downhill from the property next door. The wall is at least 25 years old, and it is now leaning due to very heavy snowfall last winter. A contractor suggested using concrete blocks for the replacement, which would require less […]
4 Steps to Get #Property Ready for #Rent! #propertymanagement #landlord
We have a 3 bedroom brick townhome ready for rent! It has 3 levels of living space, 1 full bathroom, 3 half baths, and a stunning brick fireplace in the lower level family room! Our lease requires that tenants have the rental property professionally cleaned when they move out. Our strategy for getting the property […]
#Plumbing #Leak Damages Ceiling & Walls! #propertybrothers
We own a 2 bedroom condominium that we purchased last year. The unit above ours was foreclosed around the same time, and a new owner purchased the above unit about 6 months ago. We were able to take a peak at the above unit while it was vacant and it needed lots of work. A […]
4 Lessons Learned – #Section8 #TenantScreening
Let me preface this post by saying that we are not casting aspersions on the Section 8 program. We can only speak from our personal experiences. During the past 2 -3 years, when we advertise a property for rent, we get many inquiries from prospective tenants who have “housing vouchers.” The “housing vouchers” go by […]