Hard Money Blog: Invest, Revitalize, Create, Prosper

Rental Property Maintenance: Helping Tenants Do Their Part

July 28, 2021 by Kyle Sennott Leave a Comment

Making It Easier For Renters To Maintain Rental Home

As soon as you’ve closed on your rental property, you are saddled with the responsibility to maintain it. Since many of our borrowers extensively renovate their properties before renting them out (that’s what our buy-and-hold loans are for), the first five years following the renovation are typically relatively easy. You might need to fix a broken faucet or repaint some rooms when switching the tenants, but chances are you would find it easy to manage your maintenance responsibilities. However, time marches on.

Late Payments on Hard Money Loans: How to Mitigate and Avoid Default

July 21, 2021 by Kyle Sennott Leave a Comment

Young Male Bookkeeper In Time Management Concept — About to miss a payment on a hard money loan? The key to avoid exceessive penalties (and default) is to communicate early and honestly. And be well-informed.

No one takes a hard money loan with a goal to default. In the ideal world, every fix-and-flip transaction would result in a profit for a rehabber and a performing loan for a private lender. At New Funding Resources, the majority of our borrowers never miss a payment, and less than 1% default on their hard money loan. That is not to say that problems do not arise from time to time. This is why borrowers need to know what it takes to stay current on their loan, what happens when the payment on your hard money loan is late, and how to avoid defaulting on your hard money loan.

Landlord’s Toolbox: Must-Have Tools for Rental Properties

July 20, 2021 by Kyle Sennott Leave a Comment

Home Maintenance Toolbox — Well-stocked landlord’s toolbox saves money, builds long-term wealth and keeps the tenants happy.

Every rental property requires maintenance to keep things in good order. Some landlords prefer to hire licensed and insured contractors for maintenance and repairs. Other landlords take a do-it-yourself approach, especially for minor repairs and basic maintenance. For landlords in the Greater Washington, DC area, a well-stocked landlord’s toolbox will come in handy to:

Rental Property Maintenance: Building Relationships & ROI

July 12, 2021 by Kyle Sennott Leave a Comment

A happy tenant is a sure sign there’s a happy landlord somewhere in the wings. Keeping happy, long-term tenants takes effort. However, the payoff is worth it. Purchasing a rental property is a serious investment – but it’s an investment that can provide an excellent return. Essentially, renters help landlords pay off the mortgage, leaving the landlords with equity. Rental property maintenance is one way to keep renters where they’re at. In the competitive rental market in the Greater Washington, DC area, attracting and retaining renters is an ongoing challenge.

Joint Venture: Is a Team Approach Right for You?

June 29, 2021 by Kyle Sennott Leave a Comment

Joint Ventures (JV) in Real Estate: Keys to Success

Maybe you shared a seat on the school bus or a room in your college dorm. Maybe you’ve been friends forever or just met last month in the Greater Washington, DC area. Whatever brought you together, you formed a bond with this individual and the company they work for, too. You make a good team, and you’re ready to take a team approach to real estate investing. Together, you are ready to share the risk and reward of a joint venture (JV).

Finishing a Basement to Increase Your Rehab’s Value

May 25, 2021 by Kyle Sennott Leave a Comment

Finishing a basement presents a unique opportunity to increase the after-repair value of your rehab. On the other hand, it might plague you with problems and be a bottomless drain of time and resources. If you are a real estate investor looking for the most efficient ways to improve the ROI of your rehab, decisions about the basement should be on top of your mind. Let’s dig deeper (no pun intended) to explore how to handle basement renovation decisions to make your money and minimize your risk.

Hard Money Blog: Invest, Revitalize, Create, Prosper

Quick Links

Sign Up For Our Newsletter

Contact Information