Leasing Your Property

Need A Fast Growing Shade Tree For Your Rental Property?

If you maintain rental properties, knowing which trees grow well and quickly can help increase the value of the property faster. Plus, a little planning can help lower the time you invest in property maintenance.

The paper birch is one of the most beautiful and fastest growing shade trees you can plant in North Carolina. It doesn’t require watering unless there is a serious drought. It also needs no special care. Plus, people find them intriguing and children love them.

Winged elm trees grow extremely fast and only require watering during times of drought. It also has a distinctive look that helps your property stand out. It’s also very adaptable for urban planting.

Nuttall oak trees don’t require extra watering and grow extremely fast. They offer a classic look that attracts deer and even turkey. They do drop a lot of acorns, but the wildlife usually take care of those promptly. The canopy spreads as it gets older, so leave plenty of room. They make an especially nice shade tree!
What About Maple Trees For Rental Properties In North Carolina?
Maples grow fast and well in North Carolina, but require watering more frequently. They also tend to be messy. They produce helicopters that often build up in gutters. They are considered the messiest of trees. Tree cleanup multiple times a year isn’t worth it. Considering you probably already have your hands full, this might not be the best option for your rental property.
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, or the North and South Carolina metropolitan areas. Our application process for hard money loans is […]

Dual Functioning AFCI And GFCI Outlets Keep You Up To Code

The National Electrical Code requires GFCI outlets in new construction or remodeling of kitchens, garages, laundry rooms and bathrooms. It requires AFCI outlets for new work on kitchens, bedrooms, living rooms and laundry rooms. So, the easiest solution to stay ahead of the game on your income property is to have dual functioning AFCI and GFCI outlets installed all around the living quarters. These handy dual functioning outlets help prevent electrical shock and residential home fires.

Insurance companies are please to see these dual functioning outlets and your tenants will be too. If you’re merely flipping the property, imagine the security these outlets will provide a potential buyer. Paying attention to this detail by going above and beyond electrical code requirements is a plan for the future and an investment that is noticed. This way, even if you haven’t installed all new electrical wiring, the residence is already significantly safer.
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, or the North and South Carolina metropolitan areas. Our application process for hard money loans is easy. Just fill out this very simple online form and you will be contacted shortly. Unlike other lenders, the window between applying and funding is very small. We have funded properties in as a little as one day, but typically funding hard money loans takes about seven to ten days.

Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 percent of the after-repaired value of the collateral—and […]

How And When To Obtain A Business License In Nashville

If you’re considering purchasing a property in Nashville to use for business, you’ll need a business license. If a business is located within the Nashville city limits, the owner must pay for a business license or a minimal activity license. The fee for that is $30. Now, if the business is outside the city limits, but still in the county, the owner still has to pay for a business license or a minimal activity license. Outside the city limits, the fee is just $15 though.

If your gross receipts fall between $3,000 and $9,999 during a fiscal year, you only need a minimal activity license. This license is renewed annually.

The City of Nashville makes it easy to get a business license. You can download and print the application right from their website.

You have to include the following information on the application:

Business name
Business address
Business telephone number
Owner’s name(s)
Owner’s home address
Owner’s home telephone number
Owner’s social security number
Copy of owner(s) driver’s license
Signature of each owner

Don’t forget, you still have to report your gross receipts to the Tennessee Department of Revenue each year.
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, North and South Carolina metropolitan areas. Our application process for hard money loans is easy. Just fill out this very simple online form and you will be contacted shortly. Unlike other lenders, the window between applying and funding is very small. We have funded properties in as a little as one day, but typically funding hard money loans takes about seven to ten days.

Call us at 404-814-1644 or contact […]

North Carolina Property Tax Comparison By County

If you’re thinking of flipping houses or maintaining investment real estate in North Carolina, you should know that the state has one of the lowest median property tax rates in the country. Only 14 states have a lower median property tax. On average, North Carolina counties collect an average of 0.78 percent of a properties assessed fair market value. To put this in perspective, the median property tax in North Carolina for a home worth $155,500, is $1,209 each year.

North Carolina’s property tax is “ad valorem.” In other words, it’s based on the value of the real estate property. The property value is determined by the county assessor. Each property has to be revalued at least once during every eight year span. This is how they determine the market value of the property for determining property taxes in North Carolina.

Obviously, the exact tax depends on the county your property is in. The highest property tax in the state is in Orange County and it levies an average of  $2,829. Montgomery County levies the lowest property tax, with county property owners paying an average of just $494 a year.

Would you like to see the comparison of property tax rated based on North Carolina counties? Tax-Rates.org offers a handy index of all property taxes by county.
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, North and South Carolina metropolitan areas. Our application process for hard money loans is easy. Just fill out this very simple online form and you will be contacted shortly. Unlike other lenders, the window between applying and funding is […]

  • Will a popcorn ceiling reduce the home value?
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    What Should You Do About Popcorn Ceilings When Remodeling An Investment Home?

What Should You Do About Popcorn Ceilings When Remodeling An Investment Home?

If you are buying an investment home with popcorn ceilings, consider removing or replacing this textured ceiling treatment.  They date a home and are associated with dirt, dust and asbestos. These old spray-on or paint-on ceiling treatments were once very popular in bedrooms and hallways, but they aren’t popular anymore. Sure, they hide imperfections and offer nice acoustical characteristics, but they are not preferred these days. Home buyers equate them to asbestos, dirt and dust, because many contained asbestos and they usually would get painted more often than cleaned!

Before trying to remove this treatment yourself, contact the health department. You should be able to have them test a sample. If it contains asbestos, your best bet is to invest in tongue-and-groove planks to cover the ceilings. If it doesn’t contain asbestos, the hardware store offers a solution to soften the textured ceiling treatment. Sometimes, people find that there is gorgeous plaster in great shape beneath these roll on popcorn ceilings!

Don’t pass on an investment property just because of  popcorn ceiling, but remember when you’re flipping the house that many other people will do just that!
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a Hard Money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, North and South Carolina metropolitan areas.

Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 percent of the after-repaired value of the collateral—and if you use the loan for renovation or construction, the loan amount can be based on the collateral’s improved […]

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    Are You Sure You Want To Pay Retail Price For A New Sink From A Big Box Store?

Are You Sure You Want To Pay Retail Price For A New Sink From A Big Box Store?

Don’t pay retail price for a kitchen sink when like-new used sinks, sinks from competitively priced online specialty shops, and salvaged sinks save you bundles. Look, if you’re flipping a house, a gorgeous kitchen sink makes a real difference. That doesn’t mean you should pay full price for the sink though. You also don’t have to spend time and gas money hoping for a great find at a Habitat for Humanity store. The online market offers sink basins in remarkable shape at a serious discount.

 

Used Farmhouse Stainless Steel Sinks On Amazon

If you buy a new Kraus farmhouse stainless steel sink basin, you’ll pay between $400-$480 for a brand new, handcrafted premium 16 gauge T-304. The extra-deep basin, clean lines and apron front compliments any décor. This sink creates a dramatic kitchen focal point buyers love.  This same sink costs under $300 on Amazon used. It ships repackaged in excellent condition. The buyer won’t know you saved a bunch of money. If you flip multiple houses, one to two hundred dollars can add up to thousands saved quickly.

Vintage Sinks From Specialty Online Stores

Online specialty stores sometimes offer amazing reductions from retail prices on kitchen sinks. Some online specialty stores earn their big bucks from glorious vintage tub basins, but they slash the prices of items like kitchen sinks.

For example, Vintage Tub & Bath, offers free shipping on orders over $50. It’s been in the industry for decades, but it’s a smaller shop located in Pennsylvania. You could save hundreds on a Randolph Morris fireclay apron farmhouse sink. Sinks like these are even hotter with buyers than the gorgeous stainless steel sinks. This high quality sink would cost you several hundred dollars, but for less […]

Why You NEED a Buyers List

If you’re a real estate investor, you already know that you need to have buyers for the properties you’re working with—otherwise, you’re not going to make any money (and isn’t that the point of investing?).

You know, too, that you need the ability to purchase properties quickly at the right price.

So how do you do those things together so that you’re consistently making money and turning over your investments?
Creating a Buyers List
Every REI needs a quality buyers list. It’s a list of REIs who typically want to buy properties to rent to tenants, but you can make it even more broad and include local Realtors® who are always on the prowl for properties for their own clients.

Why?

Because the people on this list are actively looking for what you have to sell.

There’s no way around it: you will need to market and promote a property if you want to sell it quickly and at the right price.

With a buyers list, you’ll have the best target audience possible.
How to Create a Buyers List
Naturally, your networking comes into play when you’re building a buyers list. You’ll need to record the names, phone numbers and emails of new contacts in a spreadsheet (but don’t worry—once you’re over the initial hump of including everyone you already know, it becomes much easier to keep up with).

Having this buyers list, which is essentially a pool of people who want what you have to sell, is worth quite a bit… and like anything that’s worth something, you’ll have to work for it. The payoff can be tremendous, though, so it’s well worth the effort.
Do You Need a Hard Money Loan in Atlanta?
If you’re looking for a hard money loan in Atlanta, we may […]

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