No one likes surprises that affect their investment financially, which is why we are apprising you now of the legislative changes in the event your property does require a new AC unit, heat pump, or water heater. Air Conditioners/Heat Pumps Beginning January 1, 2015 the federal government, the U.S. Department of Energy (DOE) changed the 13 SEER energy standards to 14 SEER. There is a new … [Continue reading...]
What property improvements are a good investment?
Making property improvements can not only increase the value of your investment home, but also attract a quality tenant. Find our articles on property improvements below.
Child Safety in Investment Properties
Some property owners would like to avoid renting to tenants with children because they feel this can lead to more damage and additional expense when it comes to safety. However, the Fair Housing Act prohibits discrimination of familial status. There are exceptions such as properties that qualify under the senior housing exemption but exceptions are few. Discriminating against children and … [Continue reading...]
Fair Housing and Reasonable Modifications
The Federal Fair Housing Act (known as the Act) prohibits discrimination in housing based on race, color, religion, sex, national origin, familial status, and disability. The Department of Justice (the DOJ) and the Department of Housing and Urban Development (HUD) jointly enforce this landmark legislation. Most states also have additional Fair Housing laws. Fair Housing requirements make it … [Continue reading...]
Improving Your Rental Property. Now is a good time!
As we approach the tax season, it brings up many conversations on yearly expenditures and additional ways to increase deductions. As most of you know, I serve as the Property Services Manager. Bryce Walsh is my assistant and our department spends your money. I know it sounds crass, but that's what it boils down to. Sometimes the expenses are routine and expected, such a sprinkler winterization … [Continue reading...]
Improving Your Investment Property – Now is a good time
By Christina Feroe As we approach the tax season, it brings up many conversations on yearly expenditures and additional ways to increase deductions. As most of you know, I serve as the Property Services Manager. Bryce Walsh is my assistant and our department spends your money. I know it sounds crass, but that's what it boils down to. Sometimes the expenses are routine and expected, such … [Continue reading...]
Repairing or Replacing Flooring in a Rental Home
Over the life of an investment property, flooring can be a minor or major maintenance issue and expense. Much of the time, it is minor. Sometimes it becomes a gray area. Many times, you can prolong the necessity of replacement by using a reputable contractor to repair the areas in question or even possibly replace a damaged area if suitable materials are available. However, when the decision to … [Continue reading...]