Whether or not the owner pays for the water at the rental home or is paid by the tenant an explanation of appropriate water usage should be determined.
Many renters are uninformed and uneducated as to the best times and amounts to water their lawn or flowerbeds. It is the responsibility of the property manager to explain the correct manner for maximum results without being hit by skyrocketing cost.
If you are in doubt as to the best way to water your property, consult with your local water department. Their office can give you the best advice for your area taking into account temperature, soil type and varying watering techniques.
Your local water company will also come to the property and test your sprinkler system to assure the tenant isn’t watering too much. They can measure the output and you will be able to adjust the timer for maximum efficiency at minimum cost.
Be aware, when landscaping your property check with your local nursery for drought resistant plants and other types needed a minimum amount of water.
For additional information on this and other renting articles, please visit our web site at http://www.mrpmrentals.com/
Your Boise Property Management Rental Resource
Sunday, June 27, 2010
Sunday, June 6, 2010
RENTAL SCAM
Properties in foreclosure are owned by the bank and typically the bank doesn’t do anything to it for several months. They won’t try to rehab or sell it and the property will be left sitting as if abandoned. This practice leaves a vacant property vulnerable to be quit claimed and listed by someone else as the owners of the property. This practice is illegal but sometimes difficult to catch especially when the banks fail to post a notice of default or list the property in the MLS as a short sale or foreclosure.
Adding to the mix, a prospective tenant, someone searching for a home would have no idea this illegal process has occurred. The prospective tenant applied to rent the property, paid the required fees, signed a lease agreement and moved into the property believing they are dealing with the owner or property management company. What then? If this happens to you as a renter, your only recourse is to try and get the funds paid to lease the property returned and move on. This may be a difficult task as the rightful owner or a registered property manager is not involved and only the person who is involved and that is the person running the scam.
Renters need to obtain more information and review property listings in your area of interest. Ask the person leasing the property how long they have owned or managed the property, ask how long the property has been vacant, if possible, speak to neighbors asking questions about the home, property owner or Management Company or go to the extent of checking the property owner records at your local court house.
For additional information on this and other renting articles, please visit our web site at www.mrpmrentals.com.
Your Boise Property Management Rental Resource
Adding to the mix, a prospective tenant, someone searching for a home would have no idea this illegal process has occurred. The prospective tenant applied to rent the property, paid the required fees, signed a lease agreement and moved into the property believing they are dealing with the owner or property management company. What then? If this happens to you as a renter, your only recourse is to try and get the funds paid to lease the property returned and move on. This may be a difficult task as the rightful owner or a registered property manager is not involved and only the person who is involved and that is the person running the scam.
Renters need to obtain more information and review property listings in your area of interest. Ask the person leasing the property how long they have owned or managed the property, ask how long the property has been vacant, if possible, speak to neighbors asking questions about the home, property owner or Management Company or go to the extent of checking the property owner records at your local court house.
For additional information on this and other renting articles, please visit our web site at www.mrpmrentals.com.
Your Boise Property Management Rental Resource
Sunday, May 16, 2010
How to improve your credit score
1. Don't apply for lots of credit cards. A credit inquiry can lower your credit score by five points.
2. Requesting your personal report won't hurt your score.
3. Avoid applying for credit cards from companies that don't set a spending limit or won't report your limit to the credit bureaus.
4. Don't cancel credit cards. Keep accounts open to ensure a longer credit history. If you can’t afford the monthly payment pay it off and stop using the credit card.
5. Limit the percentage of available credit you use to no more than 30% of your net monthly income. Paying off the amount each month will still reflect the amount charged and excessive spending will hurt your credit score.
6. If you don't have a credit history, start one by obtaining a secured credit card and managing it responsibly.
For additional information on this and other renting articles, please visit our web site at www.mrpmrentals.com.
Your Boise Property Management Rental Resource
2. Requesting your personal report won't hurt your score.
3. Avoid applying for credit cards from companies that don't set a spending limit or won't report your limit to the credit bureaus.
4. Don't cancel credit cards. Keep accounts open to ensure a longer credit history. If you can’t afford the monthly payment pay it off and stop using the credit card.
5. Limit the percentage of available credit you use to no more than 30% of your net monthly income. Paying off the amount each month will still reflect the amount charged and excessive spending will hurt your credit score.
6. If you don't have a credit history, start one by obtaining a secured credit card and managing it responsibly.
For additional information on this and other renting articles, please visit our web site at www.mrpmrentals.com.
Your Boise Property Management Rental Resource
Tuesday, April 20, 2010
Making Extra Income
You are looking to remodel your current home or property to create additional income. Generally, zoning authorities and subdivision stipulations are set up to be very cautious when reviewing such additions to a property.
Here are a few things to consider when seeking community approval.
1. How will the additional traffic affect the neighborhood as a whole and more importantly, on the block of our location?
2. Where will the parking be located and how will it affect my immediate neighbors and the appearance of the street?
3. If the addition is to my home how will it affect my residence and street view?
4. If the addition is a separate apartment or bungalow how will a new residence affect my current residence?
5. The cost of the completed project versus the potential rental income. How do they balance? Is this project cost effective?
6. How will the results of such a project affect the property for resale?
When reviewing these options for a remodel, it will become more apparent what the effect of such a project will have for you and your neighborhood. Be sure to evaluate the pros and cons prior to jumping into a remodel project. Consult a qualified Realtor and property manager, as well as, a real estate attorney with any questions and their advice will assist in all of your decisions for becoming a landlord.
For additional information on this and other renting articles, please visit our web site at http://www.mrpmrentals.com/
Your Boise Property Management Rental Resource
Here are a few things to consider when seeking community approval.
1. How will the additional traffic affect the neighborhood as a whole and more importantly, on the block of our location?
2. Where will the parking be located and how will it affect my immediate neighbors and the appearance of the street?
3. If the addition is to my home how will it affect my residence and street view?
4. If the addition is a separate apartment or bungalow how will a new residence affect my current residence?
5. The cost of the completed project versus the potential rental income. How do they balance? Is this project cost effective?
6. How will the results of such a project affect the property for resale?
When reviewing these options for a remodel, it will become more apparent what the effect of such a project will have for you and your neighborhood. Be sure to evaluate the pros and cons prior to jumping into a remodel project. Consult a qualified Realtor and property manager, as well as, a real estate attorney with any questions and their advice will assist in all of your decisions for becoming a landlord.
For additional information on this and other renting articles, please visit our web site at http://www.mrpmrentals.com/
Your Boise Property Management Rental Resource
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