Enhancing the simple
I recently met a man whose father died suddenly in IL, where he grew up. He was on his way back to his house in CA from the memorial. The man shared that his father suddenly fell ill. Within days of being admitted to the hospital, they called him and told him to come quickly. He said that when he […]
A foundation that is not properly waterproofed can lead to a number of problems throughout the house. Aside from having a sticky, rotten, and smelly basement, a damp basement can lead to wood decay, mold and mildew, and poor indoor air quality inside the home, as moisture and radon from the basement can leach into the dwellings. A dry basement […]
If you’re like almost every real estate agent I know, you’re looking for all the extra income you can get. If that’s the case, trust me, it can happen with BPO. What is a BPO and why is it important to know about it? BPO stands for Broker Price Opinion and that is exactly what they are; an opinion on […]
Here are some leasing rules that will make your leasing experience more enjoyable and profitable. RULE #1. Acquire Your Tenant – The first step to making property management easy for you is choosing the right tenant. That means selecting a tenant who loves their place and not just because a loving tenant is a stable long-term tenant. You say ‘How […]
They say that the two most important rooms in the house are the kitchen and the bathroom. Why? Because if you’re looking to sell your home, these are the two rooms potential buyers will be going through with a fine-tooth comb. These are the most expensive rooms to refurbish, and if they’re shabby, it could put off those buyers. If […]
The war effort of the 1940s required short, solid, sterile toilets that could be erected while army installations were being developed or personnel were moved to fields without foundations. The earliest eras of porta potties were huge, bulky structures made of wood or metal, and were an ordeal for transportation from one site to another. The rise of plastics and […]
We are often asked if the tax liability for the sale of a vacation home can be deferred using IRC section 1031 procedures. The answer to this question is found in the 2008-16 Revenue Procedure. The general rule for ALL 1031 exchanges is that the property must be held primarily for investment or use in trade or business. To demonstrate […]
Renting out your property may seem like an easy way to increase your passive income, but when you start the process, it can be more complicated than expected. Your house can stay on the market for months without a rental applicant because it is priced above fair market rent. A bad tenant may be late or outright refuse to pay […]
Many people are drawn to television images of people ripping materials out of a dilapidated house, renovating it, and selling it for a substantial profit. The gain made on each investment can be modest or substantial, or the investor could lose everything depending on the decisions made before or during the process. My house move budget checklist Before you go […]
We have all seen the mobile washing units making their way around our city, they are usually trucks, vans or trailers with a water tank and pressure washer unit on board. They market their services with flyers and business cards, however most of their business comes from weekly repeats and referrals. Some cities have hundreds of these units going around […]