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How To Build a Good Relationship With Your Landlord

The tenant/landlord relationship can be tricky to navigate, especially if you are new to renting. Every situation is different and every landlord is different as well. It’s extremely important to maintain a good relationship with your landlord for many reasons. Your landlord dictates any repairs or renovations that your home or apartment needs. They also determine whether or not to extend your lease. Needless to say, you should consider your relationship with your landlord an important one. But where do you draw the line? Can you be friends with your landlord? Is it appropriate to give them gifts? How much should you disclose to them? As a property management company, we are here to help you with those questions and more.

Consider Your Distance

Some property owners live in the same city, or even right next door to the space that they manage. Some even live in the same building …

The Coeur d’ Alene Home Market

Coeur d' Alene home marketCoeur d’ Alene home market has been on fire lately! Depending on the type of home your looking for, we are down to single digits of inventory! I have been real estate for a long time now. I love real estate investing and (obviously) have been doing property management for years. Rates for rental homes keep going up, resulting in a buying spree for the Coeur d’ Alene home market. Here are a few of the trends i’ve seen recently in our real estate marketing.

  1. Home prices aren’t going down anytime soon. With mortgage rates at historic lows, the average home price will only continue to increase. We are also at capacity for rentals, and the housing shortage will push prices even higher. There are tons of affordable financing offers for first time home buyers, the price won’t get better. Get on it!
  2. Our bedroom communities are growing. The Coeur

Renting Vs. Buying: A Real Estate Guide

renting vs. buyingRenting vs. buying is often a question we get asked as one of Coeur d’Alene’s leading property managers. Millennial  have shown a big move towards renting instead of owning homes, putting a lot more stress on our rental market. On the other hand, home prices continue to rise in our area because of low inventory. It almost seems like your trapped between a rock and a hard place! This week we wanted break down some of the differences between renting vs. owning.

We have tons of renters. Renting a home comes with a big slew of benefits. You never have to worry about home maintenance! Just call us, and whatever problem you are faced with is taken care of at someone else’s expense. You can also control the amount you spend on your home within a yearly basis since your not tied to a mortgage. If you are not in …

Real Estate Investing: Research

researchThis weeks post is about research when starting real estate investing. Having prepared, and knowing how you want to invest, you need to know how the math works. Now we know that everyone hates math. The good news is real estate math is all very basic. As an example, there are several numbers that stay virtually static in real estate investing. Every market in the united states (with VERY few exclusions) qualifies for a 3% depreciation tax write off each year. Static numbers are great in investing because they are virtually guaranteed and anyone familiar with investing can tell you its all about the risks. Appreciating is also standard per market allowing the establishment of a value curve. You also have the mortgage payment offset by renters with typically low turnover. Yup, were fans of real estate investing around here! On to some additional resources. Also, don’t forget to …

Real Estate Investing: Investment Types

researchFollow up on last weeks post, This weeks real estate investing step is Investment Types. There are two different ways to invest in real estate you will want to consider. Depending on your money down, earnings requirement, and cash liquidity, either of these options can be great for you! If you have any questions, feel free to contact me for more information. Together we can create the best investment plan for your family!

  1. REIT (Real Estate Investment Trust). If you are “cash strapped,” you can start real estate investing with a trust. This is not true real estate investment, but its helps get your foot in the door! With REIT there are three different levels of value: The property itself, the management and cashflow of the trust, and the trust fund itself. Unlike traditional direct ownership, a trust has much smaller margins and is more like owning stocks. If you