Keeping Investment Records

Keeping complete records of your investments, from the beginning to the end of ownership, is simply good business. A major reason for maintaining accurate records is to calculate your gains or losses when you do sell the property. If you do not have all the documentation to back up your claims to the IRS, and […]

Tips to prepare your home for a Rental

Renting out your home can be very lucrative and a great investment. But there are a few things you can do before you start advertising your rental, there are a few things you can do to prepare the home for renters. These items will help you get the most out of your rental and attract […]

Rents – Does It Add Up?

It is natural to want to obtain the highest rent possible when your property is vacant. A long vacancy can cause frustration, anxiety, and anger. However, holding out for more money can be more costly than you think. When this situation occurs, it is better to use a mathematical approach. Write down the expenditures for […]

Do You Have The Right Type Of Insurance?

There are important steps that investors must take to ensure the success of their rental property; one of the most critical is that of procuring the right property insurance. As your property management company, we cannot advise you specifically on what insurance policy to purchase. The purpose of this article is simply to make you […]

What Is Your Investment Property Due Diligence

Long Term or Flipping Determine whether you desire a long-term property investment or a “flipping” property. Long-term investments produce positive cash flow, increasing your net worth. If you plan to flip, your focus will be on property appreciation and a quick return. Flipping Caveats Your profit margin depends on your acquisition cost, and it’s important […]

What is Useful Life and Why is it Important?

All things on earth have a life expectancy – people, buildings, clothing, food, etc. All the parts of an investment property have a life expectancy as well. A building can last for years, even centuries, while you may have to replace that dishwasher next year or in ten years. Why is it useful to consider […]

Contingencies. Are You Prepared?

At TierOne Real Estate, we continually work on educating tenants for any event that could happen during their tenancy. This includes making rental payments, reporting maintenance, handling emergencies, checking smoke alarms, practicing good neighbor policies, buying renter’s insurance, and more. Of course, we hope that they always follow our advice, but we know that it […]

Water Heaters: Repair or Replace

A water heater is an important element in an investment property. Lack of a working heater is a serious liability for an investor. Therefore, it is important to either quickly repair or replace a water heater when there is a problem. Most judges do not accept excuses for unnecessary delays and there have been many […]

You Need To Realize the Benefits Of Property Management

Many times property owners question property management services because of the fees. Now with a distressed economy, this can become an even bigger question when a difficult market puts investment finances to the test. After quoting our fees to a prospective client, we have heard, “you want that much for just collecting the rent?” Of […]

What to look for in an investment rental property?

Here are a few things you should consider when searching for your rental property. Neighborhood- the neighborhood you buy in effects the type of tenants you attract and the amount of vacancies you will experience. Property Taxes- Since property takes vary, its something an investor needs to consider, since taxes come out of how much […]