Are you ready to rent out your investment property? Homeowners are always excited to get to this step. However, the process can also be overwhelming. How do you choose the right tenant? Are tenants even interested in the property? An open house questionnaire can help you gather this information. Below, you’ll learn the right questions to ask during the open house process. Then, you’ll be ready when it’s time to hand over the keys.
What is an Open House Questionnaire?
An open house questionnaire is how a landlord or realtor gets important feedback on their property. This helps them understand the true selling points and also the drawbacks of a house. It also tells them what potential tenants are interested in. This can help them set a fair price and learn more about the community.
Getting Information About the House
You can use your open house questionnaire to learn what potential tenants think of the property. This is especially helpful if your house does not have as much interest as you thought it would. Open house visitors can tell you if there are any features they don’t care for. They can also give you honest feedback about cleanliness and other issues that are uncomfortable to discuss. Basically, this is your opportunity to get the honest feedback you need.
Getting Information About Potential Renters
You can also learn more about your potential tenants during these surveys. Before you formally screen these potential clients, you can ask them general questions. How long have they lived in the area? What attracted them to this house? Which features are the most important to them? If you are planning on investing in other local properties, then this will be a great heads-up.
Learn More About Real Estate Investing
Are you still on the fence about investing in real estate? Red Door Funding can help. We offer professional advice and investment loans to make the process easy. Our team is always here to help- whether you are creating your open house questionnaire or just beginning the buying process. Call us today to learn more.
Are you planning on renovating your investment property? If so, then you might need a plot plan. However, some homeowners don’t realize they need this plan until they are ready to begin their build. This means they have to put their projects on hold. But what is a plot plan, and why is it so important? Below, we’ll explain the purpose of this document.
What is a Plot Plan?
So what is a plot plan? Well, it’s basically a detailed sketch of your plot of land and everything on it. This plan is created after a land survey. It includes the exact locations of all buildings, including sheds, swimming pools, or anything else that has been built on your property. It will also include details on your landscaping and your official property boundaries.
Who Needs a Plot Plan?
A plot plan is important if you want to build on your property. You will need it in order to get zoning approval or if you need a permit. They are also important if your property is in a remote area, as they show your exact property lines. Finally, a plot plan can be helpful to contractors or landscapers if you are planning new projects but need professional advice before moving forward.
Can I Draw The Plan Myself?
Lots of people draw their own plot plans. This is a great option if you need the plan created quickly. However, some people are more comfortable hiring a surveyor. This is especially true for people who have large plots with many different features. Whether you create the plan yourself or hire someone, it’s easy to get this document.
Where to Learn More About Investment Properties
If you are ready to invest in real estate, then call Red Door Funding. We can help you navigate the process and also offer you financial advice. Our team makes the process easy so that you can enjoy the journey! Ready to get started? Take the first step and call us today!
Cleaning is always an important part of owning a home. However, the recent coronavirus outbreak means that cleaning is now more important than ever. Luckily, you have a few different options to get your properties clean. Follow the tips below to keep your rental properties as safe as possible during the COVID-19 pandemic.
Follow Social Distancing Rules
This is one of the most important ways to limit the spread of the coronavirus. Social distancing means staying six feet away from other people. It also means avoiding groups of people and crowded places. Social distancing means you should limit the number of people in your property at one time, whether you are doing renovations or just cleaning the home. This will keep the home ready for potential renters.
Use the Right Cleaning Products
If you are cleaning your property yourself, then you need to use the right cleaning products. Only certain cleaners can wash away COVID-19. You also need to use the right techniques when cleaning. While this process can be time-consuming, it is very important for public health. Plus, a sparkling clean property can boost the appeal of your home. for a complete list of disinfectants to use while you clean. You can also for cleaning advice from the CDC.
Consider Hiring a Professional
This might be the time to call in the professionals, even if you personally enjoy cleaning. A professional cleaning company will understand how to disinfect surfaces correctly. Some companies might also have more advanced materials like fog and UV light tools for an even deeper clean.
Learn More About Real Estate Investments
Are you ready to invest in real estate? Red Door Funding can help. Click through our website to learn more about the loans we offer. When you are ready to get started, fill out our online application, or call us at 832-539-1099.
The recent coronavirus pandemic is causing a lot of uncertainty. For many of us, that uncertainty is related to the housing market. COVID-19 will certainly have an impact on the economy. However, it’s not all bad news- especially if you own rental properties. Learn more about what to expect in the coming months below.
What We Know- And What We Don’t Know
While it might feel like COVID-19 has been with us forever, the disease is still very new. When experts talk about the economy, they are comparing our situation to other financial crises in the past, such as the 2008 recession. Because the 2008 crisis had such a negative impact on the housing market, it is easy to feel discouraged about our current situation. However, the National Real Estate Investor reports that the majority of recessions do not impact the housing market. We don’t know what the future holds, so there is no need to panic at the moment.
Good News for Investors
Regardless of what happens with the economy, people will still need places to live. This simple fact is one of the reasons that real estate investments make sense, even during hard times. Renting out your investment property will provide security to another person in your community. It’s a financially smart decision that you can also feel good about.
Renovations During a Pandemic
It’s important to be realistic about the current situation. Lots of industries (like manufacturing and construction) are currently on hold. This means renovating your property might be challenging right now. However, you can avoid issues with a little planning. Call around to local contractors and see who can work with on your new property.
Ready to Invest in Real Estate?
Red Door Funding makes it easy to get the funds you need for your investment property. Explore our website to learn more about the loans we offer. If you have any questions, give us a call at 832-539-1099.
If you want to increase home value, then you might be overwhelmed. Renovations can be expensive. They can also involve lots of time-consuming planning and building. However, you don’t need to panic. While many renovations are long-term projects, there are also easier ways to boost a home’s value. Below are just some of the many quick and easy options to consider
The Importance of Curb Appeal
Your house’s outdoor appearance will be the first impression that potential buyers and renters get. Thus, it’s important to make it count. Landscaping is a simple way to add value and a welcoming look to your home- no expensive renovations required. Moreover, consider things like outdoor lighting, an updated garage door, and a clean, repaved driveway. These little touches will add up, making a big difference.
Technology has made it easy to give your home a quick upgrade. Smart home devices like thermostats, security cameras, and digital locks add value and convenience. They are also easy to purchase and install on your own. While the devices themselves are a minor investment, they are far less expensive than most home repair projects.
Replace Dated Features
An older home will often need some TLC to bring it into the 21st century. While some homes might need large-scale renovations, others will just need a few things replaced. You might swap old carpeting for wood floors or update old cabinets and hardware. Even a modern paint color can drastically change the look of your house.
Start Investing Today
A home renovation allows you to invest in your local community while also being creative. Now that you know how to increase home value, it’s time to find the right property. If you are an investor call Red Door Funding on 832-539-1099 and find about your options of acquiring loans..
Screening potential tenants is one of the most important things a landlord can do. If you are considering an investment property, then you should learn how to screen people properly. This is important not only for financial reasons but also for personal security. The right tenants will make your job as a landlord easy. Below, we’ll share some easy ways to start the screening process.
Get to Know Your Potential Client
The first thing you should give a prospective tenant is a rental application. You can download a standard application form on the internet, or you can create your own. The application is an easy way to complete the rest of your screening process. It also gives you an opportunity to look for red flags, like a lack of information. Furthermore, you can personally interview your potential tenants to get an overall sense of their trustworthiness.
Talking to References
Potential tenants will list references, as well as past landlords, on their application. Talk with every reference for the clearest picture of who your potential renter is. You can also confirm employment and rental history, which is crucial for choosing the right tenant.
Getting the Full Picture
Technology makes it easier to screen people than ever before. You will want to run both a credit check and a background check on your potential client. These can both easily be done online. Checking this data will allow you to see your potential renter’s credit score, credit history, and current debt. You can also see any previous criminal records or public records. This can include previous evictions and landlord/tenant court cases.
Learn More About Investment Properties
Now that you understand screening potential tenants, it’s time to learn more about rental properties and ways to acquire loans. If you are an investor and want to acquire loan in this regard call Red Door Funding on 832-539-1099 to find out necessary details.