Tips for Property Owners

By Red Roof Rentals - Saturday, January 16, 2016

HOW TO MANAGE PROPERTY – 101

You know, I have often told people that a monkey could be trained to do property management … and that I am the proof! There are some finer points to the craft that only those with years of experience can implement, but there are also some BASIC PRINCIPLES that anyone...

By Red Roof Rentals - Friday, November 13, 2015

THE “GREAT RECESSION” OF 2008 and RENTAL PROPERTIES (or “What every farmer knows”)

Consider the story of a dairy farmer and his favorite cow, for which he paid $1,000. Every day, without fail, old bossy produced 5 gallons of rich, creamy milk for the farmer. The cow was happy and so was the farmer!Then one day, for reasons puzzling and unknown to the farmer, th...

By Red Roof Rentals - Saturday, September 12, 2015

ARE RENTALS A GOOD INVESTMENT?

Whether you already own a rental property or are thinking about buying one, the question is the same:“Is real estate really still a good investment?”Let’s look at some facts and compare the most commonly held investments to each other. Many research firms track ...

By Red Roof Rentals - Friday, June 5, 2015

AN OWNER’S QUANDARY – TO RENT IT OR TO SELL IT

“I’ve got to move but I don’t know whether to SELL my home or try to RENT it out. What should I do?”You might be an owner who asks this question and struggles to find answers that make sense. The market prices just aren’t what they used to be so it d...

By Red Roof Rentals - Friday, April 3, 2015

THE VALUE OF FIRST HAND EXPERIENCE

Should you let someone who doesn’t own a rental property manage for you?It’s unfortunate but it happens all the time … rental property owners suffer at the hands of inexperienced property managers. It can be COSTLY and totally FRUSTRATING when you have trusted ...

By Red Roof Rentals - Friday, March 13, 2015

PREPPING YOUR HOME FOR RENT – WHAT DO RENTERS EXPECT?

Renters are a lower class of people that don’t care much about their homes, right?WRONG!Renters are like owners … just like you and me. In fact, many renters used to be owners who lost their homes in “The Great Recession of 2008” that we just went through...

By Red Roof Rentals - Friday, August 15, 2014

WHY GOOD RENTERS GO BAD

Whenever we have a non-paying renter that we may have to evict, unhappy owners always have questions:“Why won’t they pay?” “Have you tried getting tough with them?” “Why did you approve these people in the first place?” “You didn&rs...

By Red Roof Rentals - Friday, July 25, 2014

WHAT YOUR HOME SHOULD RENT FOR

Here at Red Roof Rentals, one of our guiding slogans is this:“Get it rented to the RIGHT PERSON for the RIGHT PRICE … RIGHT AWAY!“Selecting the “right person” is a matter of careful screening (to be dealt with in a later blog post) but today I ...

By Red Roof Rentals - Friday, June 13, 2014

WHEN WILL MY HOUSE REGAIN THE VALUE IT HAS LOST SINCE 2008?

Let’s say that your house today is worth about $250,000 and you want to know when it will once again be worth the $355,000 you originally paid for it in 2008.First, we will need to estimate about how much real estate is growing in value per year these days. Unfortunately, n...

By Red Roof Rentals - Monday, April 21, 2014

IS IT TIME TO SELL MY RENTAL PROPERTY YET?

To prepare to answer this question, I have before me a crystal ball, a Ouija board, today’s horoscope and a Jamaican lady at the Psychic Hotline Line holding on Line 2.All agree that the answer is NO! Here are some of the reasons that factor into this answer:FEAR...

Red Roof Rentals Blog

HOW TO MANAGE PROPERTY – 101

THE “GREAT RECESSION” OF 2008 and RENTAL PROPERTIES (or “What every farmer knows”)

ARE RENTALS A GOOD INVESTMENT?

AN OWNER’S QUANDARY – TO RENT IT OR TO SELL IT

THE VALUE OF FIRST HAND EXPERIENCE

PREPPING YOUR HOME FOR RENT – WHAT DO RENTERS EXPECT?

WHY GOOD RENTERS GO BAD

WHAT YOUR HOME SHOULD RENT FOR

WHEN WILL MY HOUSE REGAIN THE VALUE IT HAS LOST SINCE 2008?

IS IT TIME TO SELL MY RENTAL PROPERTY YET?

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