If you’re a bit nervous about hiring someone to renovate your home (who isn’t?), I’ve got you covered. Who would have ever thought you’d be concerned with information as obtained from the likes of https://heatline.com/product/paladin-for-roof/, in consideration of what it actually takes to maintain one of the biggest investments you’ll ever make?
Property maintenance isn’t rocket science, and it’s certainly a big part of a successful long-term investment. However, if you’re doing it wrong, you’re really doing it wrong. Here’s how to hire the right property manager:
Let Your Loved Ones Know
Remember what my father used to say when we were kids? “Spoil them rotten and they’ll never leave.” I’ve been speaking to some movers near me and they all tell the same story of entire families they’ve come to know moving together.
The first step to hiring the right property manager is getting your loved ones on board. Your loved ones play a huge role in your property’s value (maybe more than you realize), so let them help take care of it.
Ask your property manager what they charge, and then throw it out there for them. You may not need to use a property manager, but the reality is that you’ll likely have to hire one eventually.
Review Their Accomplishments
When you choose to hire a property manager, it’s because you’ve reviewed their past performance. Do you love how the grass looks when you walk out your door? Do the siding look like it’s gonna fall down if a truck drove through it?
Go back and review their maintenance records. You don’t necessarily have to hire someone that’s seen a lot of properties in their time, but review the ones that they’ve seen. Don’t let them steal your money and do a bad job.
Real Estate Properties 101
If you think you know a bit about real estate, I’ve got you covered too. From choosing an investment property to finding a home in your budget, I’ve got you covered. Click here to see why the house you buy might be in danger of foreclosure:
Renovating to Sell
An entrepreneurial family in Orange County is hoping the current economic surge will push their renovation project to fruition. Renovating this house to flip it from a private residence to a private hotel is a tough task, however. In their effort to renovate the house to sell it for a high price, they faced some hurdles in the process and decided to take out a loan for an additional $170,000. In the process, the family got behind on the mortgage, but the bank declined to foreclose and allowed them to file for bankruptcy protection. Now, the bankruptcy case is being discussed in court, which will determine if the family can be re-filed for a sale.
Steve Levy, a local bankruptcy attorney, took on the case for the family in Orange County and described the family’s reasoning for filing bankruptcy protection as “interesting.” Their complaint states that the bank was unfairly pressing them to declare bankruptcy when, in reality, they were working hard to make their mortgage payment. However, the bank did not explain in court why they asked the family to file bankruptcy protection in the first place.
As a result, the bank may be forced to return money back to the family for the extra expenses involved in renovation.
It’s a non-conventional route, but one which can free up some significant money for all manner of life’s many other expenses. Click here to learn about how one such expense could be taken care of in the best possible manner.