When is the Best Time to Put My Property on the Market?

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Hi Everyone!

When looking to buy or sell your property, it is important to be aware of the swing in the market at any given time. Lucky for you, housing is a necessity for humanity and is always in demand. It can be helpful to be aware of when the market is saturated, and when it is more scarce. Being aware can help ensure you attract the right buyer for your property and receive the best offer possible. Here are a few marketing tips to ensure you are successful when the time comes to put your property on the market:

1. Spring and Fall are BUYING seasons- there is typically an increase in property inventory. This may not be the best time to sell, due to abundance of buyer options.

2. Summer and Winter are SELLING seasons- there is typically a decrease in property inventory. This is the best time to sell, because buyer may be more willing to pay a higher price tag based on limited availability.

As always, feel free to contact Secure Pay One- My Landlord Helper with all your property investment needs!

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Don’t Let Old Man Winter Get You (And Your Units) Down

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Hi Everyone!

The winter season is officially upon us. It is important to continually prepare both your tenants and your properties, to avoid the harsh effects of the cold. If proper measures are not taken, tenants may be at risk for injuries due to snowy and icy conditions. To help avoid costly damages, follow these simple tips to ensure you can cozy up by the fire this season:

  1. Stock up on snow removal supplies and establish snow removal plan.
  2. Examine seals on all windows and doors.
  3. Evaluate trees and branches that may become hazardous with heavy snow.
  4. Advise tenants to keep heat on- even when they are away.

As always, feel free to contact Secure Pay One- My Landlord Helper with all your property investment needs!

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Start Your Communication this New Year Off Right

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Hi Everyone!

Have you ever received an important, lengthy e-mail that you just could not find time to sit down and read? You are one of many who experience the phenomenon of “Too Long, Didn’t Read” or TLDR. Communication is a pivotal part of running an effective, successful business. It is important to not only communicate, but communicate clearly and concisely. Here are some tips to ensure your e-mail communication will not fall under your recipient’s TLDR header:

  1. Use the Subject Line as an opportunity to summarize your message.
  2. Limit messages to 5 lines or less.
  3. Use bulleted or numbered lists when communicating specific action items.

Remember, taking the time to summarize your message will show your recipients that you respect their time, ensuring a positive business relationship!

As always, feel free to contact Secure Pay One- My Landlord Helper with all your property investment needs!

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Give Thanks for Your Tenants This Holiday Season

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Seasons Greetings!

Fostering a good relationship with your tenants and encouraging a communal environment can improve your renewal rate, ensuring financial stability.  If tenants find themselves unhappy with their situation, they will leave and move elsewhere. It is that easy. Therefore, we wanted to highlight the importance of treating your tenants with kindness and respect.  By keeping communication lines open, you can ensure a great relationship to last for years to come. Here are some ways to show tenants your thankfulness and appreciation this season:

  1. Give notice before completing repairs and inspections
  2. Host monthly gatherings for tenants to interact with one another
  3. Send gift certificates or movie tickets to a nearby restaurant or theater
  4. Provide incentives for lease renewals, such as fresh coat of paint or new closet organizers

During the holidays, we turn our thoughts graciously to those who have made our progress possible. Our success relies on your business and loyalty. Thank you for choosing Secure Pay One- My Landlord Helper to help support your business goals and trusting us with all your property investment needs. We look forward to your continued business into 2017, and have a positive outlook for the upcoming year!

Wishing you a safe and enjoyable holiday season!
The Secure Pay One- My Landlord Helper Team

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The Best Flooring To Serve As the Foundation For Your Next Project

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Greetings!

When you invest in a new property or decide to remodel an existing one, it is always important to consider the type of flooring in the unit. When it comes time for a change, researching all your flooring options can ensure you make the best choice. We wanted to provide our landlords and property investors with a brief break-down on 3 types of flooring on the market today and what you can expect from each type:

  1. Carpet– Carpet is easy to install and an economic choice. It decreases noise and insulates the temperature in colder regions. However, it stains easily and can attract allergens requiring frequent cleaning.
  2. Hardwood– Hardwood provides a classic look, that is both strong and moisture resistant. Hardwood can also increase the value of your property. It is important to use the proper cleaning products to avoid damage.
  3. Tile– Tile is extremely durable and water resistant, serving great purpose in the kitchen or bathroom. Unfortunately, the tile can become cold and uncomfortable during winter months and also enhances noise.

As always, feel free to contact Secure Pay One- My Landlord Helper with all your property investment needs!

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Commercial vs. Residential Properties Which will YOU Choose?

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Greetings!
You have decided to either start building your real estate portfolio or grow your existing portfolio. Now, you have the difficult decision of whether you are going to invest in commercial property, residential property or mixed property. Lucky for you, the beauty of real estate is that you do not have to limit yourself to just one type!  Let’s take a look at the positives of these 3 types of investment properties:

Commercial Property– lower buy-in costs, fewer public safety concerns, less maintenance due to lower traffic, less need for a professional manager

Residential Property– more objective price evaluations, flexible lease terms, lessees who pay all expenses except the mortgage

Mixed Property– hybrid option of commercial and residential properties

As always, feel free to contact Secure Pay One- My Landlord Helper with all your property investment needs!

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10% Rule: How It Applies to YOUR Next Investment Property

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Hello Everyone!

When looking to invest in a new rental property, it can be a challenge to determine the appropriate criteria to filter your potential options. A commonly used tool is the “10% Rule”. This simple mathematical formula can provide insight into whether you should pursue this particular property or not. Let’s break down these steps:

  1. Determine the average monthly rent of the prospective property.
  2. Multiply the average monthly rent by 12 to get the average annual rent income.
  3. Divide the average annual rent income by the asking price for the property.

If that number is equal to 0.10 or 10% or higher, then that property is worth pursuing. Any number that falls below 10% would indicate minimum return and can be crossed off your list, in the pursuit of more favorable opportunities!

As always, feel free to contact Secure Pay One- My Landlord Helper with all your property investment needs!

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