This week 2 different landlords contacted us with questions about safety equipment in their rental property. One landlord asked if they needed swimming pool safety equipment as their pool was installed prior to the year when building codes required safety equipment on new pools. Another landlord asked if a CO detector was needed with an attached garage, since the home was built prior to them being required by building code.
When you invest in a single family home, you want to buy one that will make the best rental property. I have been investing in residential properties since the mid-1980s, and I have learned that not every single family home makes a good investment. Today, I’m sharing three tips.
Today, I want to talk about what I see is the missing piece of most real estate investment financial analyses – reserves for replacement.
Can I use a home warranty? If you currently have a home warranty, property managers will use it. However, we will ask you not to renew it for two main reasons. The first reason is that home warranties are not tenant-friendly. The second reason is overall, they cost you more money rather than they… [Read More]
My name is Andrew Dougill, and I’m one of the owners of Hoffman Realty, along with my wife, MaryAnn Hoffman. MaryAnn founded the company in 1998, after she graduated from the University of South Florida. Almost immediately, some of her investor owners asked if she would manage and lease some of their rental properties. So,… [Read More]
I have personally owned residential real estate properties for over 30 years. Over those 30 years, Hoffman Realty has managed thousands of investment properties for other landlords. Based on that personal and professional experience, these are my five tips for the smart investor. Take a Long Term View Residential real estate is a fantastic tool… [Read More]