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?

Mortgage Brokers Can Earn Up to 2 Points for Each Rehab Loan Closed with ReCasa Financial Group

As a lender, we get the common question “Can we get paid for referrals?”  At ReCasa Financial Group, we work with licensed mortgage brokers so they can offer our 100% financing rehab loan to their clients.  These mortgage brokers can earn up to 2 points on each rehab loan that closes with us.  We take note of mortgage brokers and their clients, so that we do not take clients from mortgage brokers on additional loans closed.  It is better if the mortgage broker contacts ReCasa Financial Group before the rehab investor starts any possible communication with ReCasa.

ReCasa Financial Group’s rehab loan program provides:

  • Free prequalification with a letter detailing the amount qualified for
  • 100% financing for the purchase, improvements and closing costs for 1-4 family non-owner occupied properties
  • Up to 70-75% of the after repaired value
  • Interest only payments are required during the 9-month term

If you are interested in offering our rehab loan which is 100% financing for the purchase, improvements and soft costs on 1-4 family non-owner occupied properties in OH, PA, NY, NJ, NC, SC, TN, MO, KS, IN, & IL, give ReCasa Financial Group a call today at 614-221-6770.  We would love to work with you and your clients!

ReCasa Financial Group Offers Loan Servicing Options for Private Mortgage Portfolios

ReCasa Financial Group has always included additional aspects of real estate financing to their list of client offerings.  Some of these facets include real estate loans (100% rehab investment financing and commercial financing option), insurance, real estate investor education, and services offerings.  ReCasa Financial Group offers loan servicing options for private mortgage portfolios for other private lenders.  This loan servicing includes invoicing, payment monitoring, disbursing construction draws, and collecting on delinquent accounts.  ReCasa is an expert in all aspects of loan servicing.

If you would like to learn more about our loan servicing option for private mortgage portfolios, feel free to give our office a call at 614-221-6770.