BiggerPockets

OCTOBER 20, 2023

Security deposits, credit checks, and home renovations can seem DAUNTING when it’s your first real estate rodeo. How much do you charge, which tenant do you select, […] First rental property?

Tenants 76

Tenants Renovations Real Estate 76

Eppraisal

AUGUST 2, 2022

Whether you have just purchased an investment property or have had one for some time, if it is ready for a renovation, you will want to carefully select your materials. Tenants typically don't treat their rental homes like owners treat their homes. Your tenants can always use rugs if they want some carpeting in these rooms.

Renovations 36

Renovations Landlords Tenants Investing 36

Cleveland Appraisal Blog

AUGUST 25, 2022

You’ve just purchased your first property to renovate. Let the Renovations Begin! When you’re figuring out how much money you can put into your property, don’t forget to calculate renovations. How can you capitalize on your first investment property? Next, look at your space.

Investing 332

Investing Renovations Landlords Real Estate 332

Movoto

APRIL 24, 2024

Ideally, you’ve renovated and updated the property to modern standards, as this will allow you to successfully obtain an amount on the higher end. After you’ve completed a repair or renovation, you should hold onto as many useful materials as possible – whether it’s trim, shingles, ceramic tiles, or other items you’ll surely need again.

Tenants 36

Tenants Landlords Logistics Insurance 36

Housing Wire

JANUARY 20, 2021

Finally, we need to renovate our existing housing stock. We need to harness the entrepreneurial spirit of our industry and incentivize small contractors, property owners and developers to renovate, rehab and repurpose existing housing to better reflect the changing demographics and preferences of the housing market.

Renovations 432

Renovations Law Development Real Estate 432

BiggerPockets

DECEMBER 21, 2022

Unlike all the rest, there are no utilities, renovations, or tenants to take care of. Land flipping is an unusual real estate investment. It’s really as simple as buying a […].

Investing 54

Investing Tenants Renovations Real Estate 54

BiggerPockets

NOVEMBER 11, 2022

Bidding on houses, renovation budgets, finding tenants—these are all skill sets you must acquire to become a financially […]. Before you invest in real estate, everything can seem new and confusing.

Real Estate 52

Real Estate Investing Tenants Renovations 52

The Robert Weiler Company

SEPTEMBER 25, 2020

The day-to-day property management can include everything from picking up the phone for a tenant complaint to contacting a local vendor for a maintenance request. Tenant Management. Your property management company should also be well-versed in tenant management. Show prospective tenants the vacant units and the property.

Property Management 143

Property Management Tenants Real Estate Inspection 143

Movoto

MARCH 29, 2024

On paper, it sounds easy: buy a home, renovate where necessary, and after screening prospects, place a well-qualified tenant on the property. While feasible for some, buying a rental property this way is a bit of a gamble as most properties bought under such circumstances require extensive renovation. Connect with a partner.

Tenants 36

Tenants Landlords Investing Renovations 36

The Robert Weiler Company

SEPTEMBER 23, 2020

Most building owners and multi-family real estate investors don’t realize that property management companies can completely relieve them of the day-to-day administration of property, prospects, and tenants. It would be best if you found the right people or companies familiar with your property type and its tenants.

Property Management 142

Property Management Tenants Investing Legal 142

The Robert Weiler Company

JUNE 17, 2022

The latter can be a lot cheaper but the amount of renovations required might end up costing you more in the long-run. Consider the cost associated with renting out the units; finding suitable tenants for available rental properties is not always as easy and cheap as you may think. Plan your budget and understand your mortgage payments.

Property Management 147

Property Management Renovations Real Estate Investing 147

The Robert Weiler Company

MAY 18, 2022

All expenses associated with the commercial property should be included, such as repairs and renovations, commercial real estate loans and interest rates, and costs associated with selling commercial real estate (e.g., Good staging gives prospective tenants ideas on what they can do with the property themselves.

Real Estate 148

Real Estate Tenants Retail Investing 148

Lamacchia Realty

SEPTEMBER 21, 2021

With Mike handling most of the renovation plans, Angela takes the reins on designs and finishing touches. . Lamacchia Property Management provides landlord assistance from finding a tenant to collecting rent, round the clock customer service, and the highest level of care. Everyone is like a family.

Property Management 66

Property Management Development Landlords Renovations 66

Cleveland Appraisal Blog

JUNE 17, 2022

Superior Arts District’s new tenant brings jobs, art to in renovated warehouse – Marc Lefkowitz of Cleveland Fresh Water. I hope you enjoy these also… Laid off: enjoying summer pleasures while contemplating the future – Brittany Hooper of Fresh Water Cleveland.

Appraisal 279

Appraisal Development Market Value Tenants 279

Cleveland Appraisal Blog

JUNE 18, 2022

Superior Arts District’s new tenant brings jobs, art to in renovated warehouse – Marc Lefkowitz of Cleveland Fresh Water. I hope you enjoy these also… . Laid off: enjoying summer pleasures while contemplating the future – Brittany Hooper of Fresh Water Cleveland.

Appraisal 309

Appraisal Law Development Valuation 309

Property Metrics

MAY 28, 2021

As a result of these changes, a commercial property could be cash flow positive one day and undesirable the next due to shifts in tenant desires or some other factor. . In other words, a property could become functionally obsolete when its design, style, amenities, or technology no longer meet the needs and/or expectations of modern tenants.

Real Estate 50

Real Estate Tenants Modernization Renovations 50

East Coast Appraisal

AUGUST 22, 2023

These may include: A copy of the current deed, title, or lease agreement A plot plan or survey of the property A floor plan or layout of the building A list of recent improvements or renovations, along with receipts or invoices A rent roll or occupancy report, showing the current tenants, lease terms, rents, and vacancies An income and expense statement, (..)

Property Appraisal 52

Property Appraisal Appraisal Easement Appraisal Process 52

Property Metrics

AUGUST 13, 2020

Similarly, leased property includes a risk that tenants will not be able to make timely lease payments as expected. Late payments can create cash flow problems for the property owner, but the situation can be worse if the tenant goes out of business and moves out of the space. Inflation Risk. Interest Rate Risk.

Real Estate 53

Real Estate Tenants Investing Construction 53

Eppraisal

OCTOBER 31, 2023

Few available rentals can drive up rents and may incentivize tenants to buy houses instead. Evelyn Long is the founder of home living magazine Renovated where she writes about the current housing market and real estate. Pay attention to rental inventory, too.

Marketing 69

Marketing Real Estate Agent Real Estate Valuation 69

Lamacchia Realty

JUNE 15, 2021

In 2010, the Environmental Protection Agency (EPA) passed a rule called the Renovation, Repair, and Painting (RRP) Rule requiring firms to use EPA-approved training providers and follow lead-safe work practices when having work done. In Maine , landlords are required to provide certain disclosures to their tenants about lead paint.

Buyers 74

Buyers Law Landlords Tenants 74

Listing Spark

JULY 21, 2023

Without the right knowledge and expertise, you might find yourself with a property that has extensive foundation problems or a post-renovation value that doesn’t reach your break-even point. While the average ROI of a flip was 51.4% in 2017, it plummeted to an average of 26.9% We offer easy, transparent MLS listing services.

Real Estate 36

Real Estate Real Estate Agent Agents Investors 36

McKissock

SEPTEMBER 28, 2020

For example, a group of investors might buy some apartments in Manhattan and renovate them. You can also reduce your taxable income when you deduct the purchasing and renovating costs of a property from its useful life. You also determine the amount for rent, the type of tenants you want, or how much you want to sell the property.

Investing 52

Investing Real Estate Investors Tenants 52

McKissock

OCTOBER 3, 2021

You will not only have access to more properties for sale, including such sold under market value, but you will also know various contractors from your network which will prove of great value during the renovation process. With rental properties, you can start making a steady income as soon as you buy a property and find a tenant.

Investing 87

Investing Real Estate Real Estate Agent Realtors 87

The Robert Weiler Company

OCTOBER 21, 2022

Improving your property before your commercial appraisal can increase the property’s value and attract higher-quality tenants or more buyers. Improving how your property looks, at first sight, is often a surefire way to attract better tenants or buyers; it can also increase your commercial real estate valuation.

Real Estate 60

Real Estate Appraisal Property Appraisal Valuation 60

The Robert Weiler Company

APRIL 15, 2022

Rent relates to a short-term agreement between the owner of the commercial property and the renter (or tenant – basically, the individual that pays a fee to use property owned by the other party). A commercial lease is a legally binding contract that details the relationship between a tenant and a landlord.

Tenants 144

Tenants Landlords Property Taxes Insurance 144

The Robert Weiler Company

MARCH 9, 2021

To maximize profits and maintain good relationships with long-term tenants, the property manager must invest a lot of time and work. That means being responsible for most big-ticket property maintenance tasks like pipes bursting, appliance repairs, and fielding tenant complaints. Ideally, these disputes don’t end up in court.

Property Management 148

Property Management Tenants Property Taxes Business 148

Listing Spark

SEPTEMBER 27, 2023

Your buyers, especially if they’re investors, need to know the prices comparable properties are being sold for, both during and after renovations. Realtors provide insights for pricing strategies. Give your investor clients better insight into rental prices too.

Realtors 36

Realtors Investing Real Estate Clients 36

D Fritz Appraisals

NOVEMBER 9, 2019

With an income property, you’re allowing tenants to pay down your mortgage for you, and once it’s paid off, you have a property that has increased in value that you can either sell, pass on to your grown children, or downsize into and enjoy yourself.

Property Appraisal 78

Property Appraisal Appraisal Real Estate Investing 78

McKissock

JUNE 27, 2021

These spaces also offer a sense of community, as they frequently feature luxury amenities such as caffeinated beverages and snacks for the tenants. . About the Author : Evelyn Long is the editor-in-chief of Renovated , an online resource for the real estate market.

Real Estate 59

Real Estate Investing Retail Tenants 59

Property Metrics

DECEMBER 4, 2020

To complete a renovation on a new project, the same bank also provided a loan to the developer for $100,000 at an interest rate of 5.50% and with a term of 1 year. Here are two ways: First, for banks that continue to invest in their branch network, they could be a tenant in a commercial office or shopping center.

Tenants 53

Tenants Development Lending Retail 53

McKissock

AUGUST 25, 2021

For example, you could make a connection and help gain a foothold with local commercial real estate tenants and buyers. About the Author : Evelyn Long is the editor-in-chief of Renovated , an online resource for the real estate market. Establish a Donor-Advised Fund. Looking to support a charity and need an efficient way to do so?

Real Estate 52

Real Estate Business Real Estate Agent Clients 52

Housing Wire

APRIL 27, 2023

The lawsuit claims further that the company “ignored permitting laws to avoid fees and increased taxes as well as to get renovated homes on the rental market as soon as possible.” Invitation Homes (IH) spent about $25,000 on renovations per home for its California SFR portfolio, pleadings in the lawsuit state.

Renovations 382

Renovations Investing Real Estate Marketing 382

Simonson Real Estate

DECEMBER 6, 2022

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Signed lease documents, detailed rent roll, etc.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Renovations 78

Property Metrics

APRIL 7, 2022

Finally, we’ll take a look at how to calculate the yield on cost for specific construction or renovation projects. Market rent is $28 per rentable square foot and you expect to pay $10 per square foot in fixed operating expenses as the landlord, with all other operating expenses reimbursed by the tenant. The yield on cost of 9.6%

Renovations 41

Renovations Development Real Estate Tenants 41

The Robert Weiler Company

MARCH 28, 2021

For tenants, mixed-use space is commonly referred to as a live-work space. Diversity of tenants. Typically, a property owner who rents a standalone retail store or building risks a substantial decrease in revenue should they lose a tenant. What will attract and keep tenants in your mixed-use real estate development?

Investors 158

Investors Tenants Real Estate Development 158

Raleigh Realty

JULY 12, 2022

On the positive side, this means you’re free to make any renovations you’d like and you have complete freedom to make your condo your own. Sometimes, you can negotiate for previous owners to cover repairs through contingencies in your offer contract. If you’ve already purchased the condo, however, you’re solely responsible.

HOA 60

HOA Landlords Mortgage Tenants 60

Simonson Real Estate

JULY 10, 2020

The understanding here is the tenants could vacate and a more reliable value is provided by the fee simple analysis based on market rents. Examples: A building owner has a single lease or multiple leases with tenants. New construction or planned renovations – Actual construction cost statements, plans, material specifications, etc.

Appraisal Process 148

Appraisal Process Appraisal Market Value Tenants 148