Hard Money Blog: Invest, Revitalize, Create, Prosper

Best Apps for Landlords

October 7, 2021 by Kyle Sennott Leave a Comment

If you are a landlord with more than one rental home, tracking rent payments, taxes, insurance policies, and vendor payments can become a job in itself. If you are like me, you might first attempt to keep tabs on all account payables and receivables in an Excel spreadsheet. For a while, it might even work. But as your portfolio expands, sooner or later you will need more than that to stay organized.

Of course, you can always hire a property management company to help you out. Doing so will undoubtedly ease your burden, but it will also cost you a pretty penny. Before you hire a professional firm to manage your rental portfolio, consider a plethora of landlord apps available on the market.

How to Choose the Right Title Company

October 6, 2021 by Kyle Sennott Leave a Comment

The finish line is near! You found an excellent property investment opportunity in the DC Metro area. Now you are ready to purchase the real estate property and begin your fix-and-flip – right after you close the deal. Before you begin renovating, you need to finalize the real estate transaction. You will need a good title company.

For many borrowers, choosing the title company is a decision they don’t put much thought in. However, working with the wrong title company can make even a simple transaction a nightmare. Why? First, …

Painting Rental Properties: Six Mistakes to Avoid

September 20, 2021 by Kyle Sennott Leave a Comment

Properties that look attractive are easier to rent out and keep filled in the DC Metro area. Additionally, an appealing rental property commands a higher price for rent. A fresh coat of paint is a simple and affordable way to make a property more appealing to prospective tenants. Fresh paint can turn a drab, tired-looking room into a clean, fresh environment, thereby dramatically improving its appeal. However, choosing the right paint can make all the difference. Here are six common mistakes landlords and property managers make when painting rental properties.

Landlord’s Guide to Tenants with Pets

August 26, 2021 by Kyle Sennott Leave a Comment

Cute Pet Tenant — What kind of landlord can resist a tenant like this one?

People are attached to their pets. They love their finned, feathered, and furry friends. Pets are a part of the family, and pet-owners wouldn’t dream of being separated from Buster, Cleo, Fido, or Max. Two-thirds of the households in the U.S. own a pet, according to the 2019-2020 National Pet Owners Survey conducted by the American Pet Products Association (APPA). That’s 85 million families, and some of these families might want to rent from you! How will you respond to tenants with pets?

DC-Area Housing Market: Summer Update

August 18, 2021 by Kyle Sennott Leave a Comment

If you have been closely watching the DC-area housing market, you cannot help but be in awe of both its performance and its future potential. The home prices in Maryland, Virginia, and Washington, DC more than doubled in the last twenty areas. Since 2000, our local area has enjoyed steady appreciation rates of close to 4% annually. For real estate investors, the DMV real estate market offers plentiful opportunities of making money by flipping homes and accumulating long-term wealth by building a portfolio of rental properties.

Earnest Money: What-Ifs and How Much

August 13, 2021 by Kyle Sennott Leave a Comment

Earnest money is money the buyer puts down before closing on a property. Some consider it a “good faith” deposit, showing the buyer’s intention to purchase a home or multi-family housing. The buyer makes an offer more enticing for the seller by including earnest money in the agreement. The seller gains protection if the buyer backs out and the property has to return to the market. The seller can use the money to start all over again and relist the property.

Hard Money Blog: Invest, Revitalize, Create, Prosper

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