What Scents are Best for Open Houses?

I have always heard that it is a good idea to bake cookies or any baked goods before having an open house or a real estate showing to give potential homebuyers a welcoming feeling. However, lately it is known just as a sales plow. This goes with candles and various scents as well. Some of these scents may be off putting to certain homebuyers, so it is good to tone down the smells in the house. According to Eric Spangenberg, Washington State University’s Dean of the College of Business, the best scents for real estate open houses include lemon, cedar, pine, and vanilla, while some of the worse include potpourri, gourmet foods, chocolate-chip cookies, and other baked goods. Many say your best bet is to stick to the smell of fresh air. As a real estate investor, what scents do you use for open houses? Have you known any to prove successful?

ReCasa Financial Group Now Lending in Texas, Colorado, Virginia, Maryland and Florida

ReCasa Financial Group is expanding the number of states in which we offer 100% purchase and rehab financing!

We are now accepting loan requests in Texas (TX), Colorado (CO), Virginia (VA), Maryland (MD), and Florida (FL).  This is in addition to the following states in which we already lend in:  Ohio (OH), Pennsylvania (PA), New Jersey (NJ), New York (NY), North Carolina (NC), South Carolina (SC), Tennessee (TN), Kansas (KS), Missouri (MO), Indiana (IN), and Illinois (IL).

Our rehab loan finances 100% of the purchase, improvements, and soft costs on 1-4 family non-owner occupied properties.  As always, we accept referrals from mortgage professionals!

If you are interested in more information or would like to begin the pre-approval process, please call 614-221-6770 or email Steve Radomile at sradomile@recasafinacial.com or Erik Williams at ewilliams@recasafinancial.com.

Property Management Companies Help Real Estate Investors

Some real estate investors opt to have a management company handle their investment properties when they are kept for income, while others do it themselves or hire one employee to help with everything. Many real estate investors find property management companies helpful when their investment company is growing rapidly or they do it on the side as they do not have much free time, when they do not live near the investment property, and/or are not interested in the hands-on management.

Real estate management companies are helpful because

· They handle the application process and know the warning signs of a bad tenant

· They know the latest landlord-tenant laws

· They prepare the property for new tenants

· They determine the best rent rate, and handle rent payments and handle any late payments/ evictions

· They market your property effectively including writing ads and negotiating cheaper advertising rates

· They assist with taxes by acknowledging what can be tax deductions (Property management fees are tax deductible)

· They usually have an onsite maintenance team to handle problems and to update properties

As a real estate investor, do you use a property management company? Do you use them on 1-4 family properties, or larger properties? What do you find is the most useful aspect of having a property management company as part of your real estate investment team?

Kitchens and Bathrooms Remain Top ROI Improvements

In the past, we have posted about certain property improvements that produce a high return on investment which has included updated kitchens and bathrooms, but a recent article from Angie’s List, shows a few additional improvements that can result in a successful ROI.

Read the full article here… http://www.sacbee.com/entertainment/living/home-garden/article161714703.html

These improvement suggestions were the results of surveying top remodelers and real estate professionals.  These improvement suggestions include:

  • Kitchen
  • Bathroom
  • Decks
  • Siding
  • Windows

It seems that over the years, kitchens and bathrooms remain the top improvements to add ROI to a real estate property.  According to HGTV.com, a minor bathroom remodel can have a 102% ROI and a minor kitchen remodel can have a 98.5% ROI.

What are your top improvements to produce high ROI?

Drones are the New Trend for Real Estate

droneThe real estate industry seems to keep changing, from interest rates to the way the business works.  I recently read an article about the newest trend regarding the use of drones for real estateReal estate professionals are using drones to capture better photos and videos of real estate properties at a more reasonable cost as they begin to be listed on the market.  Some real estate professionals believe that these photos and videos will allow for real estate buyers to view more properties in a shorter period.  Before drone photos and videos, many real estate professionals relied on Google Maps and Google Earth for an aerial view of the real estate property.

Some uses of the drone for real estate purposes include

  • Aerial photos of the property
  • Video footage of approaching the property from traveling up a driveway
  • Video footage as if walking around the property
  • Various aspects of the town where the property is located

How many are using drones for their real estate business?  Do you find them helpful?  Do you see this trend becoming the norm?