What If The Tenant Quits?

What If The Tenant Quits?

It is the first of the month and the rent is due. The rent does not come in and a notice to pay rent or quit is served. The majority of tenants pay the rent. But what if the tenant decides to “quit,” by vacating the property? The first reaction is usually anger and outrage […]

What Is Your Investment Property Due Diligence

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 […]

Tenant Protection Plan

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 […]

Tenant Protection Plan

How Is Your Rental Property Insured?

Many times when an investor is considering the purchase of a rental property, they look to the typical financial metrics such as cap rate, occupancy rate, square footage, occupancy, etc. All of these are great measurement tools in the evaluation of a purchase. But while the property is being evaluated, don’t forget to ask about […]

Tenant Protection Plan

The Challenges of Security Deposit Returns

One of the most difficult tasks for a property manager and/or owner, can be refunding the tenant’s security deposit to everyone’s satisfaction. Any property manager (or owner) is elated when they can issue a full refund because the tenant has left the property in excellent condition, complied with their rental agreement, and paid their rent […]

Tenant Protection Plan

Swamp Cooler Information

In evaporative cooler should have at least two speeds and a vent-only option. During vent-only operation, the water pump does not operate and the outdoor air is not humidified. This lets you use the evaporative cooler as a whole-house fan during mild weather. Control the cooler’s air movement through the house by adjusting window openings. […]

Tenant Protection Plan

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 […]

Tenant Protection Plan

Backyard Fire Pits

Now that the nice warm weather has arrived more people will be moving outside for their entertainment. This could mean the use of fire pits. How does that affect your investment property? A backyard fire pit can be fun, but it can also be a hazard. If you allow your tenants to have a fire […]

Tenant Protection Plan

Summer Safety Tips

Keep your family safe this summer by following these tips from the American Academy of Pediatrics (AAP).  For sun and water safety tips, see this tip sheet. Please feel free to use them in any print or broadcast story, with appropriate attribution of source. FIREWORKS SAFETY Fireworks can result in severe burns, blindness, scars, and […]

Tenant Protection Plan

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 […]