Tenants | Paces Funding

20 03, 2019

Are The Downspouts On Your Gutters Long Enough?

Margret Ekers2019-03-20T19:30:02-04:00March 20th, 2019|Categories: Hard Money, Investment Properties, Investments, Leasing Your Property, Remodeling Tips, Tenants|Tags: downspout extension kits, downspouts, gutter maintenance, gutters, water in the basement|

Did you know that the roof of an average sized home will divert around 600 gallons of water for every inch of rain that falls? So, some storms could mean your roof will handle well over a thousand gallons of rain. That's a lot of water flowing through your gutters! We just talked about making sure the gutters of your rental properties are in good working order in a previous blog post. Now, we need to discuss downspouts. Sometimes you will see tiny curved downspouts that only displace the water by a foot or two from the house. In the

19 03, 2019

Landlords: Don’t Forget To Clean Out Gutters At Least Twice A Year

Margret Ekers2019-03-19T20:50:51-04:00March 19th, 2019|Categories: Investment, Investment Properties, Investments, Leasing Your Property, Tenants|Tags: gutter cleaning, gutters, home maintenance|

If you are renting out a home for the first time, we should warn you: Tenants rarely inform their landlords about maintenance needs before the issue becomes and issue for them. By the time a maintenance issue is a problem for the tenant, it usually means it will be much more expensive for you. Sometimes, even the best new rental property owners forget about gutter maintenance. They're quite important though. A backed up gutter can cause leaking into the home! There could be nesting birds, sticks, and all sorts of debris in your gutter and you wouldn't know until your

25 02, 2019

Why Vinyl Plank Flooring Is Perfect For Your Rental Home

Margret Ekers2019-02-25T22:58:18-05:00February 25th, 2019|Categories: Hard Money, Hard Money Loans, Home Improvements, Home Upgrades, Investing, Investment, Investment Properties, Investments, Leases, Leasing Your Property, New Construction, Remodeling Tips, Tenants|Tags: carpeting, DIY projects, Flooring, hardwood floors, Landlords, LVP, pets, Tenants, vinyl plank flooring|

Vinyl plank flooring, also called “luxury vinyl plank” or "LVP," is a great flooring option for your rental home. It's affordable, durable, and easy to install. Though there is new technology in carpeting that has made things easier for landlords, vinyl plank flooring is possibly an even better solution for whole home flooring. Luxury vinyl plank can give you the durability you need without having to replace flooring with each tenant turnover, if you choose a good product. Vinyl plank flooring can give you the look and texture of real hardwood floors. Plus, it is easily cleaned so that you

24 02, 2019

Check Downspouts & Gutter When You Buy A New Rental House

Margret Ekers2019-02-24T16:03:10-05:00February 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

Margret Ekers2019-02-24T17:08:33-05:00February 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

23 01, 2019

Should Landlords Allow Pets In Their Rental Properties?

Margret Ekers2019-01-23T23:52:03-05:00January 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?

Margret Ekers2019-01-21T15:15:33-05:00January 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

Margret Ekers2019-01-17T13:41:05-05:00January 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

8 08, 2018

Should You Invest In A Historic Home?

Margret Ekers2018-08-08T12:09:29-04:00August 8th, 2018|Categories: Hard Money, Hard Money Loans, Investment, Investment Properties, Investments, Leasing Your Property, Tenants|

Historic homes offer significant ambiance and beauty. Obviously there are downsides. The natural materials mean more maintenance. Depending on the time period in which the historic home was built, it could also feature hazards like asbestos or lead paint making DIY repairs a little more risky. Additionally, if the home is located in a historic district, you'll face limitations as to what kinds of upgrades you can even make. Sometimes, even window upgrades are restricted which means that your tenants may face higher heating bills. Still, people who are interested in living in historic homes generally expect that challenge. To

30 07, 2018

Allowing Pets on Your Rental Property

Margret Ekers2018-07-29T23:11:38-04:00July 30th, 2018|Categories: Income, Investment Properties, Tenants|Tags: Allowing Pets, service animals, therapy dogs|

When you advertise your rental property as "no pets allowed," you run the risk of eliminating many renters. Allowing pets makes for a larger prospective pool of renters. Plus, a majority of those renters with pets actually make more money on average. According to Practical Apartment Management, by Edward Kelly, more than six out of ten pet owners earn over $50,000 a year. On top of that, since it is hard for tenants to find different places to live that accept pets, when they find a rental home that allows pets, they usually stay longer. Plus if you do allow

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