Increasing Security at Rental Properties

 How You Can Increase Property Security Without Deterring Prospective Tenants

While it is important to make sure that your property is kept as safe and secure as possible, it is also important to make sure that these security features don't scare away current or future tenants. It is important to let your tenants know that the security features on your property are not an indication that the area isn't safe, because this will cause them to want to avoid renting the property. Here are three ways that you can increase property security, and what you can tell your prospective tenants, so they aren't deterred from renting from you. 

Front Fence

Adding a front fence to your property is a great security feature, but it can also have other purposes as well, that will be appealing to potential tenants. For one thing, a front fence is a great way to increase the curb appeal of your property. A front fence can also increase the amount of privacy your property has, which is often very appealing to potential tenants.

Security Door

Installing a security door is a great way to keep out intruders, but your tenants will also like it for other reasons. A security door is an excellent protection from different kinds of weathering as well, such as strong winds, heavy rains, hail, etc. This will help your tenants feel safe during severe weather, rather than fearful of intruders. 

Floodlights

Another property security that is beneficial, and will not deter tenants, is a floodlight. While this light is meant to stop intruders from entering your property unknowingly, this is also a great light for anyone to have. It helps to light up your property at night and is great for helping your tenants to see the property when they get home after dark, or leave home before the sun comes up. This can also be a comfort to them when it comes to things like wild animals.

What to Do if You Purchased a Home at Too High a Price

 Purchased a Home at Too High a Price? Here's What To Do

If you bought a second home or an investment property when the market peaked, you are probably worried that you made a wrong decision. You need to know that the real estate market - like any other market - experiences upheavals and fluctuations in prices.

Ramifications of buying a home at too high a price

Knowledge of the implications of purchasing a home at too high a price can help you determine what to do to manage the situation. Here are some ramifications of buying a home during market peaks:

•    You may lose equity: You may not be able to recover the original value of the home because new buyers may not be willing to pay more than the current market price.
•    Decrease in resale value: The value of the home or investment property may not go over the purchase price for a long time, meaning you will sell it at a lower price than you bought it at.
•    Potential loss of cash flow: Rental prices may decrease resulting in reduced income from the property or home.

What to do

If you bought your second home or investment property at too high a price you really don't need to worry. Here's what you can do:
•    Be patient: Markets don't stay the same forever. Don't be in a hurry to resell the home or investment property. 
•    Add value to the property: you can increase the value of the property by making some additions such as a swimming pool, or giving it a new coat of paint.

Before you worry too much about the home you bought at a very high price, you need to remember than that markets are always changing. You may need to be a little more patient and see what happens to the prices. You may also add more value to the home to get a better prices. For more information, please contact us today. 

Diversifying Real Estate Portfolios

 6 Easy Ways to Diversify Your Portfolio and Include Real Estate Holdings

When it comes to protecting your finances, investing in real estate is a sound decision. And, with the current state of the economy and stock market, now may be a good time to consider adding real estate holdings to your investment portfolio. Let us show you how easy it can be to get started.

Here are 6 easy ways to diversify your portfolio and include real estate holdings:

- REITs: A REIT, or real estate investment trust, is a company that owns and operates income-producing real estate. By investing in a REIT, you can gain exposure to the real estate market without having to directly purchase property.

- Home Equity: If you own a home, you can use the equity in your home to invest in real estate. There are a few different ways to do this, such as taking out a home equity loan or line of credit, or selling your home and using the proceeds to purchase an investment property.

- Economic Development Zones: Economic development zones are areas that have been designated by the government for economic growth and revitalization. By investing in these areas, you can receive tax breaks and other incentives.

- Tenant-in-Common Property: A tenant-in-common property is a piece of real estate that is owned by two or more people. This can be a great way to invest in real estate with less money down.

- Real Estate Investment Trusts: A real estate investment trust, or REIT, is a company that owns and operates income-producing real estate. By investing in a REIT, you can gain exposure to the real estate market without having to directly purchase property.

- Real Estate Exchange-Traded Funds: A real estate exchange-traded fund, or ETF, is a type of investment that allows you to invest in a basket of real estate-related securities. This is a great way to diversify your portfolio and get exposure to the real estate market without having to directly purchase property.

By diversifying your investment portfolio to include real estate holdings, you can protect your finances and potentially see greater returns over time. And with so many easy ways to get started, there's no excuse not to add real estate to your investment portfolio today.