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8 High Yield Improvements for Your Investment Property (2019 Update)

Did you know that home ownership, across the board, is on the decline? Did you also know that this trend is expected to continue as far as 2025? If you are already a rental property owner you are probably positioned to take in great returns on your assets. If you are just now considering investing in properties to offer as rentals, be sure you do the research and make your purchases now.

Whether you are an existing property owner or soon to be landlord, you will want to be able to ask the most for each of the properties you own. This can be more difficult than it seems, but we have eight very high yield improvements for your investment properties that will keep renters interested while earning you great returns.

Naturally, most home and property owners have already discovered that you get the best returns on investment when you update rooms like the bathrooms and kitchen. This is such a widely known truth that many forget the rest of the property. Let’s take into consideration the entire rental, and uncover eight great ways to improve the property.

  • Luxury shower heads – If hotels and luxury villas boast of their rain shower heads, why can’t you enhance the value of each bath in your investment properties with this same fixture? A rain shower head is not great where water conservation is concerned, but you can also install heads that transition from rain shower to regular or even multiple heads that allow a “standard” shower, or with just a turn of a knob, the rain shower. While we’re on fixtures…
  • Updated bathroom fixtures – It is not only the shower head that adds value to the bathroom. If you get rid of the small, outdated, or unattractive fixtures in the baths and replace them with more modern, streamlined and well proportioned models, you automatically boost the wow factor of the space.
  • Functional kitchens – Strolling through IKEA should prove to you that people love multi-purpose and highly functional cabinets and spaces. Nowhere is this truer than the kitchen. Automatically boost the value of your kitchen by filling it with space saving options. One popular choice is the cabinet designed to hid the microwave (keeping it off the counter at the same time). You should also consider pantry styled shelves and all of those clever storage solutions.
  • Update the counters – Laminate countertops are old school. Today, renters want to see quality and one way this is instantly expressed is with solid countertops such as wood, stone, granite or even concrete. Go ultra modern and do stainless wrapped if solid doesn’t work.
  • Flooring – If you want to see an instant boost in the value and appeal of a property simply replace carpeting and vinyl flooring with wood floors. Easy to clean and maintain, it has none of the headaches of carpeting, none of the smells and looks so much better.
  • Windows – Here too, most of us know that new windows boost value. Don’t go only with more energy efficient models, though. Also consider adding new windows in darker rooms or even using skylights to bring a lot more natural light into the living spaces. Real estate agents stage properties for sale by flooding them with natural light, and you’ll want to keep that in mind when improving rentals.
  • Fencing – The saying about better neighbors and good fences is true, but you will increase the value of a property with fencing because it also promises security and privacy. If renters have kids or pets, a fence brings peace of mind, and if chosen properly it adds a lot of curb appeal and good looks.
  • Outdoor entertaining – Does the property have a patio? Does it have space for one? Simply laying a stone or concrete patio, putting up an awning and supplying a space for a garden can boost the appeal and value of any rental.

See how easy it can be to enhance the appeal of your investment properties? Why not pick one of these tips and see the results for yourself.

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5 Features to Look for in a Residential Property Investment (2019 Update)

Investors in Texas will find that real estate can be a wonderful investment opportunity whether they are looking into commercial or residential real estate. However, that’s not to say that all of the properties out there are going to be good buys. There are certain elements that you should always look for when you are determining whether you should invest in a piece or property or not.

The Neighborhood

There are many wonderful places to buy investment real estate in Dallas, Texas. However, you will find that some of the neighborhoods will make for better purchases than others will. When you are looking at potential investments for sale in the residential sector, you should consider the quality of the neighborhood, as this will have an effect on the vacancy rate along with the quality of tenants you can attract.

While you are doing research on the neighborhood, also be sure to check the rate of crime. Areas that have a high rate of crime are going to be difficult to rent out, and when you can rent out the property, the price for the rental tends to be quite a bit lower than a similar home in a better area.

The more you know about the neighborhood, the easier it will be to make sure you are buying in the right location.

The Rental Prices

Take some time to look at the price of the properties in the area, along with the going rate for rent in properties that are very similar to the ones you want to buy. Is the rent going to be high enough to sustain the property and to help you make a profit? Are there often a lot of vacancies in the area? This could mean you are going to be competing against other property owners who are also looking for tenants.

Area Amenities

A residential investor needs to think about the type of people they want to have living in their properties. Knowing the amenities that are available in the neighborhood, such as parks, schools, shopping areas, and entertainment venues are all very important to prospective tenants, and they can be beneficial when it comes to marketing the property.

Property Taxes

The property taxes can vary from one area to another, so you need to understand what the property taxes are going to be on the property you want to buy. How much money are you going to be losing to taxes. Keep in mind that high property taxes are not always a bad thing, as long as you have chosen a great neighborhood, and you can expect to have some long-term tenants in the property.

Condition of the Property

While it might be enticing to buy a property in Dallas that needs a lot of work because the prices tend to be so low, investors have to remember that these properties will not be making money for them right away. Before they can bring in tenants to the property, they need to rehab the place and get it in good shape. This takes money and time. That’s not to say that investors should always avoid these types of properties, just that they should have a solid understanding of the properties condition before they make their purchase.

Plenty of investment properties in Dallas and Fort Worth are readily available, and many of them can make great choices for new and seasoned investors alike. Just be sure to check all aspects of the property to be sure it is the smart investment choice.

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Benefits of a Dallas Property Management Company for Your Real Estate Investments (2019 Update)

Investors often love the idea of owning real estate. However, they do not always realize just how much work can go into maintaining the investment if they are trying to do everything on their own. Whether it is a commercial property or a residential property, a Dallas property management company can be a great solution for helping with all of your real estate investments. These types of companies can provide investors with a range of benefits.

Better Tenants

In order to profit from a real estate investment over the long-term, you are generally going to need to have tenants. However, trying to find and then screen tenants on your own can be time-consuming, and overwhelming to many investors. When you have a property management company helping with the Dallas real estate investment, they can take care of marketing the property, finding the tenants, and ensuring they pay their rent on time.

They work hard to find good tenants because they do not want to have to deal with problem tenants. Property management companies strive to find tenants that will pay on time and that are looking for long-term rentals, as well as those who are going to take good care of the property and cause fewer problems.

Shorter Vacancies

One of the risks of becoming a property investor is the fact that you need to keep those properties filled with tenants. Trying to handle all of the aspects of marketing and finding tenants, as discussed, can be a problem without a property management company. A good company is capable of knowing how and where to market your property. This will result in having shorter vacancies.

They do this through marketing expertise, along with determining the best rental rate for the property. In addition, they can prepare the property for rent, and make sure any cosmetic or functional improvements that are needed are completed.

Lower Turnover

A good property management company can help those who invest in Dallas real estate to keep their tenants longer. No one wants to have their properties go through turnover processes any more than they have to, as this requires cleaning, repairs, changing the locks, more marketing, and other expenses. By keeping the tenants in place longer, due to the quality tenant screening mentioned earlier, there will be fewer turnovers on the property.

Knowledge of the Laws

Many investors who are just getting into real estate investing in Dallas know little to nothing about the laws regarding rent collection, leases, renting, and eviction. However, property management companies are well-versed in these areas of the law. They will be abiding by those laws, and this will ensure a much lower risk of lawsuits.

Personal Benefits to the Investor

Thus far, the benefits of having a property management company for your Dallas real estate investment have been geared toward keeping the property functioning and making money, there are also personal benefits to consider.

When the company takes care of the work of being the landlord, it will mean far less stress on the investor. They will not have to worry about late night calls. They will not have to argue with tenants, and they will not have to real with rental scams, or bad tenants – at least not for long. The property management company can provide the investors with far more freedom, and there is no reason that the investor even needs to live in the same state as their rental property.

With all of the benefits to be had from a good property management company, it is an expense that investors should at least be willing to consider.


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Benefits of Investing in an Apartment (2019 Update)

Investing in property is a great way to diversify your portfolio and increase your wealth. It can provide a stable addition to your income, and it is possible to enjoy tax breaks when you invest in real estate. With enough of the right types of real estate investments, it is possible to create a solid and impressive cash flow. Investors will find a wide range of different types of real estate investments in Dallas, TX that they can consider, including single-family homes and even commercial real estate. However, they might also want to consider investing in an apartment.

Many people today are not able to afford to buy a house currently, so they are renting apartments instead. Others prefer the apartment lifestyle. There is often a demand for apartments, and it should be possible to find tenants without too much trouble.

You have several options when it comes to investing in an apartment, and the one you choose is likely to depend on the budget you have available. You could buy a single apartment that you could rent out, or you could buy an entire apartment building.

Of course, before investing in apartments, you will want to know more about what types of benefits they can offer to investors. Fortunately, there are quite a few.

Return on the Investment

When you buy an apartment, or an apartment building, you will find that there is generally a good ROI, even in the beginning when you are paying off your loan. However, the real benefits come from owning the apartment or complex for longer, as it is possible and expected to raise rents to keep in line with the cost of other properties in the area. By increasing the amount that you are charging for your rentals, you are able to pay the loan down faster and make more of a profit sooner. If you sell the apartment, you are able to cash in the equity on a property that has been rising in value over the years.

It Is Easy to Operate

When you are dealing with an apartment rather than a home, it tends to be easier to operate, especially if you are renting out only one or two apartments. You may be able to handle the duties of being a landlord on your own. However, for those who have many units, or an entire building, and those who do not want to handle the menial affairs of running an apartment, there is always the option of hiring a professional property management company.

Tax Benefits

Just as with other types of investment property rentals, it is possible to write off your expenses for maintaining the apartment, which will vastly reduce your taxable income. It is also possible to take advantage of the 1031 exchange in Dallas, Texas for these types of properties. This means that if you use the proceeds from selling the apartment to buy a like property, you will be able to defer the capital gains tax. The property will depreciate over the years, as well, which can help to reduce your taxes even further.

Are There Drawbacks?

While there are certainly advantages to owning a real estate rental property, it is important to consider some of the perceived drawbacks, as well. For example, finding good tenants that are easy to manage can be problematic for some. However, this is true for any type of real estate investment property. By taking time to find good tenants, or having a property management company take care of it for you, it is possible to mitigate this risk.

If you want to invest in real estate in Dallas, keep the option of apartments on the table. They can prove to be a good investment with some great returns and minimal involvement from you.


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Important things to remember when making an offer for a real estate investment property (2019 Update)

People who are already decided to buy a house try to secure a pre-approved loan to finance their chosen property. Once they get this, they proceed with the task of house hunting. Looking for the best real estate investment property can be very challenging for most people; however, this process can be extremely fun and exciting as well. After all the searching, an offer should be made for your chosen property.
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Importance of Real Estate Appraisal Reports (2019 Update)

A good profit over selling a house depends a lot on proper pricing. Proper pricing will bring you good profit. For proper pricing of the house, many homeowners who are planning to sell their real estate Dallas property make a pre-sale consultation or appraisal assessment before they put it in the market. An appraisal can cost up to $300-$400 dollar for homeowners. Services of pre-sale consultation are growing day by day, as home-sellers are facing too much competition in the market.
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Choosing your next address – House or Condo? (2019 Update)

Finding a place that you can call “home” will be the most life-altering decision that has to be taken after good amount of research. It is absolutely necessary if you are a first time buyer, or if you are looking to move for the umpteenth time. There are certain questions that you need to answer when you are out on the hunt for a good residence which would fulfill all your needs.
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