As a landlord and investor, you rely on your tenants to consistently pay you on time. It’s how you pay the bills, maintenance, repairs, etc. Creating a rule to implement late fees can be confusing regarding finer details like when the charge should take effect, how much to charge, and how long the grace period is. Keep reading because we’re going to answer those questions! What Are Late...
Last blog post, we covered an introduction to home improvement loans, an FHA 203(K) loan, an FHA Title 1 Property Improvement Loan, and the advantages and disadvantages of each one. In this post, we’ll continue the conversation by discussing the four other options: Home Equity Loans (HEL), Home Equity Line of Credit (HELOC), Personal Loans, and Credit Cards. Types of Home Improvement Loans Home...
We know that Austin is growing a lot, thanks to several businesses relocating and moving to Austin. And it turns out almost half of them are from out of state! StorageCafe, a nationwide self-storage website, analyzed nearly 2 million renter applications and found the following renter trends for 2020. 2020 Renter Trend #1: Renters Prefer Urban, Not Suburban Many reports were coming out last year that...
Hot is no longer the right word to describe the Austin real estate market. Thanks to the little supply and high demand, the market is extreme, overheated, and supercharged. The lack of supply and increase in demand makes it one of the most competitive housing markets in the country. But why and how? Homebuyers have continued to move into the area. A Census Bureau report from March 2020 shows that the...
If you’re selling or you’re struggling to sell your house, you should try staging! Staging affects the buyers’ view of a home. Actually, according to a National Association of REALTORS®’ study, 40% of buyers agents said staging affected most buyer’s view of the home. And it can transform a house so easily and quickly! Here are some reasons why you should stage and the reasons it works. 1....
The first anniversary is coming up! Anniversary of what, you may ask. The anniversary of people living and working from home thanks to a pandemic, of course. From this one year, real estate agents and home professionals have realized there’s a popular trend in what homeowners seek in a home now. So whether you’re selling your Austin-area home or looking for someone to occupy your property, consider...
Fall is a great time to tackle a few household chores and make sure your home is ready for the change in weather. If you’ve been holding off on some home maintenance projects because the summer heat was too hot to handle, now is the time to take care of some fall home improvement projects. 1. Check the gutters and make sure they’re clean. Gutters can be a pain to clean, but they’re crucial in...
Real estate is an evolving industry, and it comes with its own dictionary of terms to know, understand, and follow in order to be successful. If you’re considering becoming an investor, be sure to know the real estate terms below like the back of your hand. Single-family home - A residential building that houses one family and is not attached to any other structures, units, or homes.Multi-family home...
Investing in real estate, especially in Austin, can be a smart decision, but you have to be prepared and ready for the changes that can hit the market. With the uncertain times that we face, it’s offered some opportunities for investors to find great homes in sought-after neighborhoods that they can renovate and market to renters. If you’re curious about what it takes to be an Austin real estate...
The phrase “buy investment property with no money down” is thrown around a lot. The truth is that “no money down” is very rare, and be wary of anyone who tells you differently. There are, however, creative ways to finance Austin, TX real estate investment property with very little money down. Let’s take a look: Live, then rent. With as little as 3.5% down, you can purchase a primary residence...