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
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
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
Whether your rental property is a duplex, a single-family home, or an apartment building, you might find that creating the foundation for a garden can serve as quite an amenity for people. Gardeners are all over, and this trend is growing. As more people want to get back in touch with nature or control their own food supply, we see people turning to gardening. Did you know the following points about providing garden space for your tenants? Multifamily community gardens often attracts high-income tenants. Multifamily community gardens often attract empty nesters with a steady source of income. Community gardens of
One soldier who served in the Army and was deployed to Afghanistan in 2011–12 told Realtor.com how he managed to buy five homes in five years and eventually kick off a new career in real estate investing. When he'd move to a new base, he didn't sell the home, he rented it out. "I bought five homes in five years,"he explained. He had purchased his first house while stationed in Fort Sill, OK. A year later, he moved to Fort Hood and used income from his For Sill house to pay his first mortgage. He repeated the pattern with each relocation.
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
There’s a lot of interest in investing in places like Nashville and other strong secondary markets right now. This is due to economic and cultural factors driving people out of more traditional markets. Plus, when you consider the quality of life in much larger downtowns, it's no wonder smaller, homier downtowns are the next big thing. These secondary markets prime for investing are great tourist destinations, just like Nashville. They are also key areas for music and the arts, just like Nashville. Here's what these secondary markets desperately need: Residential condo units. (Last year, Nashville gained a mere 71 units.)
Investors are taking advantage of the fact that nearly 28 percent of homes listed in Atlanta experienced a price drop last month. This makes Atlanta among the markets with the largest year-over-year increases in homes with price drops. Since we know that Atlanta has many areas that are growing, this makes for potentially prime investment real estate. Now, it might not be the best idea to buy a home to flip in the area right now, but it is perfect for investing in an Atlanta rental home. This is a great time for investing in Atlanta real estate after years
Have you heard of the commercial mortgage term, "Debt Service Coverage Ratio?" It's the term to describe the ratio that lenders use to evaluate and qualify for the financing of a commercials structure. It shows the cash flow compared to debt service. DSCR For Commercial Properties In general, most banks will need a ratio of 1.5 - 1.35 (net operating income to annual debt service) before lending for commercial property. They just want to make sure you will have enough cash flow to cover the payments each month. Net operating income should include interest, principal, lease payments and sinking fund.
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