So many women and men give of themselves every day in their selected industries. At Victory, we recognize the talent and sacrifice it requires to teach a child not just the basics of education, but instill a lasting lifetime impression on them. We know how hard it is to be away from family and to put country before self in the armed forces, constantly protecting our great nation. We are grateful for police officers and firefighters who courageously keep us safe every day, as well as those who are first to the scene to offer critical assistance.
Property owners did you know that there are slow times of the year in the rental market? Rental properties can suffer from similar factors that affect the real estate sales market. Leases that end during these slow times can take longer to rent out. They are also more likely to be discounted to encourage a rapid rental.
Seasonally Slow Rental Times
Here are the times in North Carolina when it is a bit more difficult to rent out a vacant unit:
Listing a unit in your apartment complex or multi-family real estate investment is only the first step. If you want to locate the best tenants and command the highest rent then you need to do more than just list it and have your agent plop it on their website. There are 10 specific things they need to do to market your apartment complex and find the best tenants.
Ninja Marketing Technique #1: Offer Value Add-Ons
Tenants have lots of rental choices so you need to have your property stand out above the crowd. Can you offer a service or an amenity that will make your apartment a superior choice? Here are some top requests of tenants:
- Free High-Speed Internet
- Covered Parking
- In-Unit Washers and Dryers
- Free trash pick-up
- BBQ or picnic area
It is nearly tax time again. Owning a profitable investment property is great unless it is April 15th and Uncle Sam has his hand out for his share of the profits. If you want to keep more of your hard earned cash, then pay particular attention to this following couple of pages. We are going to share some tips on how to maximize your investment property deductions and we will share a secret on how to use your second home as a rental tax-free.
Say goodbye to the City of Raleigh Rental Dwelling Registration
program! The program has been dissolved by Senate Bill 326, eliminating municipalities’ ability to operate a rental dwelling registration program. The fee formerly was $45, so everyone in Raleigh city limits who owned and rented a property now gets to keep that money in their pocket going forward. Make a note to yourself to cancel any automatic payments because renewal notices will not be sent out any longer. This bill is in effect by the North Carolina General Assembly as of January 1, 2017. If you paid late in 2016 it's possible you could get a refund but we wouldn't hold our breath...
As the weather gets cooler, and indoors cozier, people typically opt to hunker down and hibernate. Optional moves are rarely on their to-do list during the hustle and bustle of the holiday season, and the overall general chill of winter. Factor in potential winter storms which tend to shut down cities in the south, and moving is often not an option at all. In 2014 for example (snowmageddon as the media dubbed it) most of January and a good bit of February were almost completely shut down.
Mid to late December through March are
New Hanover County will be raking in money at the expense of cash strapped landlords when the new year rolls around, and there doesn’t seem to be much you can do about it this year. The old personal property tax "includes motor vehicles, boats, campers, trailers, singlewide mobile homes with wheels & axle attached, doublewide trailers with wheels and axle attached, household furnishing or appliances for someone who rented or leased a residence or apartment from you, permanent tagged trailers and airplanes.” (http://tax.nhcgov.com/services/personal-property/) is being used in an aggressive, to our knowledge, never before seen way in NC. Our guess is that this wording was recently added to their site to lend credibility to the power grab… “household furnishing or appliances for someone who rented or leased a residence or apartment from you”
While some tenants may be satisfied to live in whatever, wherever; there are some tenants who are willing to make some cosmetic changes to their rental so that it feels more like their personal home. In a previous article here..., we talked about some changes that tenants could make to the kitchen without upsetting the landlord or violating their lease. This week we will discuss some apartment upgrades tenants can make in the bathroom.
Change the Color
Why is it that so many landlords like to paint everything beige? That color is so 1980’s. If you want to personalize the space that we frequent so often, consider simply changing the color. Better Homes and Gardens has some great ideas about how to bring your
There comes a point when you just want to make this rented house or apartment into your home. The problem is that it isn’t your home. But there are some changes you can make that can completely change the look and feel of your apartment without freaking out your landlord.
Here are some ideas we would like to share. We are going to write a series of articles and our first one will address changes you can make in the kitchen. While some of these will require approval from your landlord, others are pretty harmless or are easily returned to their original condition when you decide to move out – which we hope you love the place and stay.