Welcome to Tenacious Tips: Part 1!
1) GOOD INSURANCE: number one is not an option, which is a necessity. Make sure that your property is fully insured and that it is a normal home insurance policy and additions such as damage to property and loss of rental income. Given the catastrophic tenants, this can teach the pain. Be careful! Not even in the safe house, if on fire, especially if there is a suspicion of arson, the insurance company will do your independent investigation, and there is a real blow – they will charge you for the privilege – to correct, read the small print, the insurance company for payment will reduce costs – that is, a policy of $ 100,000 – a survey of $ 20,000 means only $ 80,000 for you. Read a lot of dollars on the line and you do not have a million dollars on the line if you can find a form of sludge. And outside the policy, it will probably be.
(For more tips, on property management – follow this link lapmg.com).
2) A BARGAIN IS NOT ALWAYS A BARGAIN: – When buying a house, do not forget to be very careful. Do not buy emotions. Do not forget that you only understood things personally. Go at least once without brokers, talk to your neighbors and ask them if they want to live there. When you buy a solution, it is easy to repair it. Does it contain asbestos, lead paint or harmful products? Do you want to live there? If no, do not expect others. Remember that expensive homes can cost more, tend to attract better class or rental costs, as well as higher rental income. Remember that there are always more houses that are buyers. Never buy a house full of excitement!
(Follow lapmg.com for more information about the residential or commercial property).