Leasing Your Property | Paces Funding

2 04, 2023

Should You Build a House to Rent it Out?

Paces Funding2024-01-09T17:21:33-05:00April 2nd, 2023|Categories: Investment, Investment Properties, Investments, Leasing Your Property, New Construction|Tags: Building a New Home, investment property, Rental Property|

If you've ever considered investing in real estate, you might have wondered whether building a house specifically to rent it out is a good idea. There are pros and cons to this approach, and it's essential to weigh them carefully before making a decision. In this guide, we'll explore the various factors you should consider when deciding whether building a rental property is the right investment strategy for you. Should You Build a House to Rent it Out? This guide explains the following: Assessing the Local Rental Market Calculating the Financials Considering the Time and Effort Involved Weighing the Pros

10 06, 2019

What Millennials Want From Rental Properties

Paces Funding2024-06-17T12:40:52-04:00June 10th, 2019|Categories: Hard Money, Home Improvements, Investment, Investment Properties, Investments, Leasing Your Property|Tags: Allowing Pets, community garden, ductless mini-splits, green tech, Landlords, LED light bulbs, Millennials, offering amenities to tenants, recycling, Tenants|

Millennials are the largest generation we've ever had. If you own rental properties, it's wise to know what this generation is looking for in a rental property. Here are the main factors Millennials are looking for in a rental property. Close To Work Millennials like to live near where they work. They aren't as concerned about the quality of schools or whether or not the neighborhood is quiet. They are mostly seeking rental properties close to work. They don't want to commute far. If they can ride their bike or walk to work, even better. They're also happy to hop

7 05, 2019

Should I Install Seamless Gutters On My Rental Property?

Paces Funding2024-06-17T12:41:09-04:00May 7th, 2019|Categories: Home Improvements, Home Upgrades, Investment Properties, Leases, Leasing Your Property|Tags: seamless gutters|

Do you need to put up new gutters on one of your rental properties? Have you thought about having seamless gutters installed? Gutters are a fairly easy DIY job for the DIY enthusiast, and seamless gutters are not a DIY project. Sometimes that frustrates handy landlords, so seamed gutters are chosen. Some landlords report seamless gutters are worth it though. Gutters are a simple concept, but a damaged gutter can do a great deal of damage to your rental property if the tenants don't keep you posted. If you're not at the property when it's raining, you might not notice

5 05, 2019

Should You Turn Your Investment Property Into An Airbnb?

Paces Funding2024-06-17T12:41:10-04:00May 5th, 2019|Categories: Commercial, Hard Money, Income, Investing, Investment, Investment Properties, Investments, Leasing Your Property|Tags: Airbnb, Rental Property, short-term rental|

Airbnb lodging has grown at unbelievable rates since the home sharing site began in 2008. It wasn't long before many investors realized that short-term rentals might be a preferable strategy. After all, the risks that you will have to evict someone from an Airbnb is nowhere as great as the risks that you will have to evict someone from a longterm rental property. Plus, Airbnb rental units often have a much higher return. It's important to remember though that not every Airbnb unit will do well. A few factors should be considered: You will need to make sure that your

1 05, 2019

How To Be A Landlord Your Tenants Brag About On Social Media

Paces Funding2024-06-17T12:41:14-04:00May 1st, 2019|Categories: Hard Money, Investment, Investment Properties, Investments, Leasing Your Property, Tenants|Tags: ideas for landlords, Landlords, Tenants|

Want to fill your rental units? There really are ways to become the kind of landlord that has current tenants essentially marketing your vacancies on social media. Obviously, building a good, trusting relationship with tenants takes time, but there certainly are ways to speed things up a bit. Here are some ways to become the type of landlord that tenants will brag about on social media. Remember your tenants' names and use them. Remember that first job in customer service? Treat your tenants like the customers they are. Today's tenants expect prompt return texts. Give them your cell number. Text

29 04, 2019

Bulb Gardening: Easy Landscaping For Your Rental Properties

Paces Funding2024-06-17T12:41:15-04:00April 29th, 2019|Categories: Curb Appeal, Hard Money, Investing, Investment, Investment Properties, Investments, Leases, Leasing Your Property, Tenants|Tags: crocuses, dahlia, echinacea, landscaping for rental homes, Leasing Your Property, purple coneflower|

Planting bulbs in the yard of your rental property can help keep the landscaping looking nice with minimal maintenance for most of the year. Bulbs are hard to mess up, so you don't need an especially green thumb. They're also very economical too. Planting bulbs allows you to have hassle-free flowers each year. It also makes renters feel like you go the extra mile to make the property nice. Now, the hardest part of planting bulbs is planning on where to plant them. You will want to clear out an area of a flower bed or along the driveway or

26 04, 2019

Defrosting A Freezer On Your New Investment Property

Paces Funding2024-06-17T12:41:19-04:00April 26th, 2019|Categories: Flipping, Investment Properties, Leases, Leasing Your Property, Rehab Loans, Short Sales|Tags: appliance maintenance, defrosting a freezer|

New freezers have self-defrosting features, but old freezers need defrosting sometimes. If you've purchased a new property with an older freezer in the kitchen, garage or basement, you might want to extend its life a little bit. If it's frosted over, defrosting it can add some life to the machine while you wait to get more energy efficient models. Since this is a new property, you won't have to worry about finding a place to store your frozen food. Normally, that can be the biggest hassle. If you've just purchased a home with food still in the freezer, just toss

20 04, 2019

Virginia Highland: One Of Atlanta’s Most Popular Neighborhoods

Paces Funding2024-06-17T12:41:22-04:00April 20th, 2019|Categories: Developers, Flipping, Hard Money, Income, Investing, Investment, Investment Properties, Investments, Leases, Leasing Your Property, Short Sales, Tenants|Tags: apartment buildings in Virginia Highland, Atlanta neighborhoods, Hard Money Loans, investment properties in Atlanta|

Virginia Highland, or simply VaHi to residents that live there, is one of Atlanta's most vibrant areas. It combines small-town charm with the perks of living in the city. Virginia Highland is found east of Ansley Park right near downtown. This neighborhood has four separate and distinct villages that are all connected into a very walkable overall neighborhood. Virginia Highland is considered one of Atlanta's most sought after neighborhoods, so if you can find an investment property in VaHi that you can either flip or turn into a rental, you'd be in luck. Some of the homes are over 100-years-old

18 04, 2019

Landlords, Millennials Shop For Rentals Differently, So You Need To Adjust Your Marketing Too

Paces Funding2024-06-17T12:41:25-04:00April 18th, 2019|Categories: Commercial, Hard Money, Investing, Investment, Investment Properties, Leases, Leasing Your Property, Selling, Tenants|Tags: homes for rent, renting and investment property, renting to millennials, renting your home|

Landlords marketing to Millennial renters face new challenges. For example, most Millennials get almost all of their information from social media. As a lessor, you simply must have an online presence that incorporates a variety of social media platforms to fully market to millennial renters. Don't simply post an ad online on Craigslist and think you have your online presence covered. It important to post to Craigslist, of course, but that shouldn't be your only online presence. Instagram is an incredibly useful online marketing tool. It's a generational favorite. Also, don't merely post a photo and your information to Instagram.

17 04, 2019

3 Important Things Landlords Might Not Know About Fair Housing Act That Could Cost Them

Paces Funding2024-06-17T12:41:27-04:00April 17th, 2019|Categories: Business, HUD, Investment Properties, Investments, Leases, Leasing Your Property, Tenants|Tags: Fair Housing Act, housing discrimination, HUD|

If you are new to being a landlord (and maybe even if you're an experienced rental property owner), you will want to familiarize yourself with the specific details of the Fair Housing Act. It's worth noting that many lawsuits targeting landlords are because the landlord violated the Fair Housing Act. Most of the time the landlords have no idea that they violated the Fair Housing Act. Violations of this kind can be expensive. It's federal law and you have to comply with it. Landlords Must Understand What Constitutes Discrimination The Fair Housing Act prohibits discrimination in housing. Many landlords can't

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