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Property Management

The most recently published posts in the Property Management category
Nationwide apartment rental firm ApartmentGuide.com says the majority of apartment seekers are looking for apartments in the $500 to $700 price range, followed by $700 to $900. Distance from the city center was also a factor, with the majority of apartment hunters seeking homes five miles form the city center, followed by 10 miles, then 20 miles.These are the other top features that apartment seek...
Read Post [Posted on 09/20/2014 By John Askins]
HOW TO PROTECT YOUR HOME FROM RAIN     Get your roof ready for the rains. Inspect your roof twice per year to avoid costly problems that can escalate into tremendous cost. Look for cracks along the ridge of your roof and where your shingles fold over to form the cap. Inspect the valleys of your roof (the area of your roof with a downward slope). Make sure that the...
Read Post [Posted on 09/19/2014 By Michelle Cannon]
If you are thinking about buying a second home to turn into a vacation rental, there are some basic considerations to making it profitable.  Having a second home as a vacation rental makes a lot of sense these days.  Especially given how popular "Stay-cations" have become due to the increased security risks involved in traveling internationally to what used to be very popular vacation re...
Read Post [Posted on 09/17/2014 By Maelia Davis]
Midrange 2014 National Averages West South Central PROJECTJOBCOSTRESALE VALUECOST RECOUPEDJOBCOSTRESALE VALUECOST RECOUPEDCHANGE VS 2013Attic Bedroom$49,438$41,65684.3%$44,581$36,88383.0%Backup Power Generator$11,742$7,92267.5%$11,116$9,53386.0%Basement Remodel$62,834$48,77777.6%$56,110$51,58692.0%Bathroom Addition$38,186$22,94060.1%$34,835$23,28167.0%Bathroom Remodel$16,128$11,6887...
Read Post [Posted on 09/16/2014 By Garrett McWhorter]
A lot of retirees are looking to stay near big cities and near their families, but not in the city, by seeking more affordable options nearby. “One day our children will leave the nest and naturally, as parents, we want them to soar,” says Charlie Young, ERA Real Estate president and CEO. “We also want to stay in touch and visit with them as much as possible without giving up our own lifestyle.”...
Read Post [Posted on 09/16/2014 By John Askins]
The Houston construction market is firing on all cylinders.  In addition to the hot market segments such as office and light industrial, now k-12 and healthcare are gaining momentum as well.  With the Affordable Care Act somewhat more “known”, the delayed construction of many medical facilities is now being planned or is underway.  Under the direction of their leader Dr. R...
Read Post [Posted on 09/15/2014 By John Askins]
A number of Texas state regulations are in effect that limit some of the powers of homeowner associations (HOAs).Homeowners living in a neighborhood with an HOA now must be permitted to: Display the U.S. or Texas flag, or flags of military branches. Free-standing flagpoles no more than 20 feet tall are also allowed. Hang a religious display on the front door. (HOAs can, ho...
Read Post [Posted on 09/11/2014 By John Askins]
While being a landlord certainly has its cons, tops among its pros are the tax deductions rental homeowners enjoy.From finding tenants to fixing faucets, renting out a home can be a lot of work. If that doesn’t dissuade you, you’ll appreciate collecting the rent checks and taking advantage of tax deductions.In fact, you can use many rental property expenses to offset your rental income. IRS Public...
Read Post [Posted on 09/04/2014 By Garrett McWhorter]
When your current home no longer suits you, selling it is a popular option. But in some cases, turning it into a rental home might make more sense.There are lots of factors to consider when making the “sell vs. rent my home” decision, including:Your financial situation.Local market conditions for rental homes.Your future housing plans.Your tolerance for being a landlord.State and fe...
Read Post [Posted on 09/04/2014 By Garrett McWhorter]
Step-by-step directions for getting the highest possible rent and the best tenants when you rent your home.To determine how much to charge for rent, do some market research in your rental property’s area. Whether you plan to turn your home into a rental property, or if you purchased a property specially as a rental property, the steps for finding a tenant are the same. You’ll need to:Check lo...
Read Post [Posted on 09/04/2014 By Garrett McWhorter]
Texas has been a major beneficiary of increased oilfield employment, and that continues to have a positive impact on many of the state’s real estate markets. “It’s no secret that the oil and gas sector has a bright spot in the U.S. economy during the past few years,” said Dr. Harold Hunt, research economist with the Real Estate Center at Texas A&M University. “A PricewaterhouseCo...
Read Post [Posted on 08/27/2014 By John Askins]
Are you paying more or less every month than the typical American homeowner?The median amount American homeowners pay per month for their mortgage is $1,015, says new data from the Census Bureau’s 2011 American Housing Survey.The midpoint price paid for homes was $110,000 and the median home value was $160,000. The median U.S. home was built in 1974 — half were older and half were newer....
Read Post [Posted on 08/26/2014 By Garrett McWhorter]
Nearly one-third of new construction projects in the United States qualify as "green," up from 2 percent nine years ago, according to McGraw-Hill Construction.The green category is obtained by becoming LEED-certified.LEED, which stands for Leadership in Energy and Environmental Design, is the building rating system developed by the U.S. Green Building Council in 1998 to encourage en...
Read Post [Posted on 08/25/2014 By John Askins]
With Marcus & Millichap's National Apartment Report showing that the U.S. average for asking rents recently came in at more than $1,061 a month, housing analysts believe more apartment tenants will increasingly look to own.  Some expect the average monthly rent to rise to over $1,100 this year, which Paul Bishop of the National Association of REALTORS® says should prompt more potent...
Read Post [Posted on 08/23/2014 By John Askins]
Working with the right real estate agent can mean the difference between getting prompt, expert representation and feeling like you’re going it alone when selling your home. Here are 10 questions to ask when you’re interviewing agents.1. How long have you been selling homes?Mastering real estate requires on-the-job experience. The more experience agents have, the more likely they’ll be able to han...
Read Post [Posted on 08/22/2014 By Garrett McWhorter]
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