Ron Valdivia offers the following royalty-free article for you to publish online or in print. Feel free to use this article in your newsletter, website, ezine, blog, or forum. ----------- PUBLICATION GUIDELINES - You have permission to publish this article for free providing the "About the Author" box is included in its entirety. - Do not post/reprint this article in any site or publication that contains hate, violence, porn, warez, or supports illegal activity. - Do not use this article in violation of the US CAN-SPAM Act. If sent by email, this article must be delivered to opt-in subscribers only. - If you publish this article in a format that supports linking, please ensure that all URLs and email addresses are active links. - Please send a copy of the publication, or an email indicating the URL to [email protected] - Article Marketer (www.ArticleMarketer.com) has distributed this article on behalf of the author. Article Marketer does not own this article, please respect the author's copyright and publication guidelines. If you do not agree to these terms, please do not use this article. ----------- Article Title: Property Management For Dummies Author: Ron Valdivia Category: Real Estate Word Count: 551 Keywords: hilton head property management, bluffton property management, savannah property management Author's Email Address: [email protected] Article Source: http://www.articlemarketer.com ------------------ ARTICLE START ------------------
Many real estate investors can tell you that investing in single-family homes can be quite lucrative. When done properly with planning, wise execution and smart decision making a person can secure their financial future, even in this economy. Over a period of time real estate has shown to be a safe long-term investment that can help build a solid financial portfolio but before you dive into investing in real estate you may want to know a few more details on how to manage the property and tenants correctly. Buying a home whether it be for personal use or as a rental can be very expensive. You want to determine how the home will be used and the type of market you wish to invest in. Typically, single-family homes do quite well in the rental market, however the rent must be what a person is willing to pay and be adequate in the market today. A good way to maintain good flexibility in how much rent to ask is by the down payment you put on the purchase of the home. The more you put down the lower the mortgage payment will be, which you may be allowed to rent the home for a fair market price or above. When setting your rent you will want to take into consideration insurance, fees, and association dues that you may be required to pay. One of the most critical and important concept is to not forget about the taxes that you must also pay at the end of the year. Even if you are buying a home to use as a rental you may want to make sure it is in good condition with all the appliances operational. Remember that many tenants will not take as good of care as things as if the owner lived there. As the landlord you will be responsible for the upkeep of the main things in the home, such as: the furnace, air conditioner, roof, lawn or pool maintenance and inspections, etc. Finding the right tenant is critical to your success. This can be tricky, especially since you spend a short amount of time with the potential tenant and really don't get to know them. It is always a good idea to run a credit check on applicants or you can take the risk and go with your gut feeling and hope everything goes smooth. When it comes to renting out your single-family home or any piece of property you are responsible for the advertising, screening applicants, handling the contracts, the collection of rent, taking care of emergencies, making repairs in a timely manner, etc. This can be very time consuming and a big pain in the rear end. I hope by now your getting the idea of what involved with property management. If you don't feel like you are up to the challenge, don't let this scare you away, you can always hire a professional real estate management company or home care service provider to help with the bulk of the work. Property home care services can be a savior, like handing you a glass of water while lost in a desert. They are specialist and understand what it takes to take care of your property and build value for you. A Star Home Services is known for Hilton Head Property Management and Bluffton Property Management services to offer help to landlords in the areas of end of tenancy cleaning,repairs,inspections,and regular management services within South Carolina and Georgia. http://www.Astarhomeservices.com ------------------ ARTICLE END ------------------ [Non-text portions of this message have been removed]
