Choosing a property manager is not always a simple or easy task. I once picked a property manager based on Yelp reviews and had a horrible experience, so this is a topic I don’t take lightly! Your property manager is the front line of defense in protecting your property, maintaining your property, and ensuring you get paid by tenants. If you are thinking of hiring a property manager or replacing a terrible one like I had, follow this guide to know what to look out for. Continue reading
Buying a second home is not a decision to be made lightly. A vacation home brings with it a myriad of responsibilities and opportunities in equal measure, all of which come into play simply because of all the components of property ownership.
Your vacation home is a secondary dwelling, not your primary place of residence. That distinction puts the matter of money and budget at the forefront much more so than it does with a primary home. Everyone needs a place to live, but not everyone necessarily needs a vacation home. However, they sure are great to have at your disposal if you can comfortably afford it. Continue reading
Owning a rental property is a big decision. Real estate investing is a challenging process to begin, and owning rental properties can add frustration, expense, and a lot of time to the mix. While rental property management can be frustrating, the financial rewards can pay off big. Continue reading
Winter is in full swing and the snow is piling on the mountains in all the usual places. You are just itching to get your ski boots on and hit the runs. Hold that thought. Where are you putting those skis at the end of the day, though? The rental house on the bottom of the mountain is no longer available. The best hotels are already booked, and the hotels you could still get a room at are well over-priced. Is it time to consider that second home or a vacation home near your treasured black diamond trails? Continue reading
As landlords and property managers, we all love rent-paying, non-destructive tenants. We hate the rest, but that’s another story. No matter how much tenant love you may have, if you want to sell your house with a tenant for the highest and best price, even the best tenant can be a detriment. Why? It takes a lot of work and devotion to get the house show-ready and keep it that way during the entire listing period. Most homeowners lack the motivation to keep their own house show-ready, and they have the motivation of monetary gains (hopefully) to entice them. Continue reading