Leases | Paces Funding

24 02, 2019

Check Downspouts & Gutter When You Buy A New Rental House

Paces Funding2024-06-17T12:41:42-04:00February 24th, 2019|Categories: Construction Loans, Foreclosures, Home Improvements, Home Upgrades, Investment Properties, Leases, Leasing Your Property, Rehab Loans, Remodeling Tips, Short Sales, Tenants|Tags: clogged gutters, DIY projects, downspouts, gutters, Landlords, protecting your foundation, rentals, renting your property, water in the basement|

When you buy a new house that you intend to rent out, be certain to check the downspouts. These get overlooked too frequently and can cost landlords substantially. Attention to these should be part of your typical maintenance. See, for every inch of rain we get, our rooves divert around 600 gallons of water into our downspouts. You must make sure that this water diversion is working the way it should. Know this ahead of time, because renters often don't bother to report on these like this, especially if it doesn't affect them. Check Gutters For Clogs Clogged gutters throw

20 02, 2019

A Basement Water Alarm That Can Alert You To Water In The Basement Of A Rental

Paces Funding2024-06-17T12:41:43-04:00February 20th, 2019|Categories: Foreclosures, Hard Money, Investing, Investment, Investment Properties, Investments, Leases, Leasing Your Property, Short Sales, Tenants|

If you have a rental home, you have to be proactive to protect your investment. You can't rely on tenants to tell you when something is up. Too many times, if it doesn't pertain to them, they won't inform you of problems at your rental house. Many people have basement water alarms and sensors that alert them to water in their basements. These work perfectly, because they get alerted, and then fix the problem and save their belongings. These don't work as well for landlords, because sometimes tenants will avoid disclosing issues in your home in order to prevent you

24 01, 2019

Can A Landlord Ever Deny An Emotional Support Animal?

Paces Funding2024-06-17T12:41:49-04:00January 24th, 2019|Categories: Hard Money, HUD, Investing, Investment Properties, Leases, Leasing Your Property|Tags: Allowing Pets, Emotional Support Animals (ESA), emotional support dog, Fair Housing Act, HUD, pet deposits, pets, rental units that allow pets, service animals, service dog|

If you're a landlord, you should familiarize yourself with federal Fair Housing laws regarding Emotional Support Animals. We touched on the subject of Emotional Support Animals briefly in a recent blog post about allowing pets in your rental units. The first thing you should know is that as far as the federal Fair Housing laws under the Fair Housing Act are concerned, an Emotional Support Animal is not a pet. An animal registered as an Emotional Support Animal is a medical tool. Emotional Support Animals And Pet-Related Fees Since and Emotional Support Animal isn't a pet, it's important for landlords

23 01, 2019

Should Landlords Allow Pets In Their Rental Properties?

Paces Funding2024-06-17T12:41:50-04:00January 23rd, 2019|Categories: Hard Money, Investment Properties, Leases, Leasing Your Property, Tenants|Tags: Emotional Support Animals (ESA), emotional support dog, FHA, pet deposits, rental units that allow pets, service dog, therapy dog|

It's such a hard decision. Let's say that you're a landlord, and you love animals. Yet, you also know that not everyone is going to care for their pets (or your property) the way you do. Should you risk allowing pets in your rental unit? Multi-Family Unit Or Single Family Home? One of the easiest ways to determine whether you should let pets live in your rental units is to consider liability issues. This pertains mostly to dogs. If you have multiple dogs in multiple units, there may be fighting between animals. There is also less chance that anyone will

21 01, 2019

How Can A Commercial Lessor In Florida Recover Funds When The Tenant Won’t Pay?

Paces Funding2024-06-17T12:41:52-04:00January 21st, 2019|Categories: Business, Commercial, Hard Money, Investment Properties, Leases, Tenants|Tags: Florida landlord rights, Florida lessors, Florida statutory remedy|

Are you about to become a commercial lessor in Florida? Congratulations! You should know that a Florida statute (F.S. § 83.08) gives commercial lessors a statutory remedy for missed rent payments. The statute allows the lessor to put a lien against property on the leased premises. Eventually, almost all lessors are forced to deal with tenants failing to pay rent. You don't just have to accept the missed rent as a loss though. The statute allows commercial lessors in Florida the automatic right to get a lien on all property within the premises owned by the tenant. Now, it doesn't mean

17 01, 2019

Going Green As A Real Estate Investor And Landlord

Paces Funding2024-06-17T12:41:53-04:00January 17th, 2019|Categories: Hard Money, Home Improvements, Home Upgrades, Investing, Investment, Investment Properties, Leases, Leasing Your Property, Tenants|Tags: composting, green renting, green roof, rain water collection|

Did you know that as a landlord you can actively employ green spaces to increase retention rates, competitiveness, property value and a sense of community? We recently discussed how community gardens in multifamily units are amenities that can set your rental property apart from the competition. If opting to include green spaces like a community garden or adding a green roof instead of a traditional roof, you will need to establish some ground rules, of course. Establishing Ground Rules For Green Spaces On Rental Units Generally, people interested in community gardens will want to avoid pesticides. Part of the allure

16 12, 2018

Investing In Asheville Real Estate

Paces Funding2024-06-17T12:42:04-04:00December 16th, 2018|Categories: Hard Money, Investment, Investment Properties, Investments, Leases, Leasing Your Property|Tags: Asheville, Investing, Real Estate Investing, wholesale real estate investing|

The unique city of Asheville, North Carolina has even caught the attention of Forbes magazine. Indeed, Forbes listed Asheville as among the top 25 biggest boom markets in the United States. The gorgeous mountain city is one of the area's most sound real estate investment markets. Boom markets aren't a common occurrence, but Asheville is absolutely a boom market. Year to year, home prices in Asheville are jumping by as much as 15 percent! Real Estate Properties In Asheville Asheville has a wide assortment of properties available including the following: Land for sale in Asheville Asheville green homes Historic homes

19 10, 2018

What Is Effective Gross Income?

Paces Funding2024-06-17T12:42:28-04:00October 19th, 2018|Categories: Hard Money, Hard Money Loans, Investing, Investment, Investment Properties, Investments, Leases, Leasing Your Property|Tags: Effective Gross Income, Potential Gross Income|

Have you heard the term, "Effective Gross Income?" If you're starting out in real estate investing in Georgia or the Carolinas, you may hear this term. Also called, "EGI," it's the income that you'd have when you subtract losses of income from vacancy, concessions, model units, legal fees, employees, and bad debt. The reason it's important to know an apartment complex's Effective Gross Income is extremely telling. You don't only want to consider the Gross Potential Income. You'll also want to add in revenue generated from other things like coin-operated laundry, parking, or concessions. In order to determine your property's

29 07, 2018

Community Gardens For Rental Tenants

Paces Funding2024-06-17T12:45:13-04:00July 29th, 2018|Categories: Income, Investing, Investment, Investment Properties, Investments, Leases, Leasing Your Property, Tenants|Tags: community garden, offering amenities to tenants|

One very progressive concept some landlords across the nation have committed to is community gardens run by and for the tenants. One of the dreams behind home ownership these days is the satisfaction of growing your own vegetables. As a landlord, you can help tenants who are far from the goal of home ownership find some satisfaction by installing some raised beds for participating tenants to use as a community garden. The only effort you technically need to put forth is arranging the agreement of this co-op and installing the raised beds. The tenant do the rest. A garden might

17 07, 2018

Investors: Have You Heard Of Rent Auctions?

Paces Funding2024-06-17T12:45:19-04:00July 17th, 2018|Categories: Investing, Investment, Investment Properties, Investments, Leases, Leasing Your Property, Tenants|Tags: Landlords, rental auctions|

If you own rental properties, you've got to hear about this latest concept: Rent Auctions. Typically, you check comparable rental units in the area, check market reports and do your best job at setting the price of rent in your rental units. Right? Then, you advertise the rental unit for the price that you think is the most accurate rate. Consider this though. One South African start up company began a rental listing and management service. Instead of just declaring the rent, landlords have the option t o allow potential tenants to bid on the opportunity to rent a

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