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Quick tips to manage your property


FYI

Did you know that half of all renters move between June and September? 


Stats
According to industry statistics, the rent-to-own customer has the following demographic characteristics:

-Average Age - between 25 and 54 years old
-Ethnicity - 69% Caucasian, 22.5%African American, 6.5% Hispanic
-Household Income - between $15K and $75K
-Education - 60.3% high school grads, 24.5% some college
-Gender - 63.7% Female, 36.3% male


Stats

There are 77 million Baby Boomers in the U.S., 53 million between the ages of 40 and 50.

·  There are 11,000 Baby Boomers turning 50 everyday and this trend will continue for the next 10 years.

·  By 2012, 50 percent of the population will be over age 50.

·  People over 50 years of age control 70 percent of the financial assets in the USA and 50 percent of all discretionary income.

 Your opportunity, the baby boom market, is presently a $30 billion market. In the next three years, it is expect to grow to $70 billion. This is the fastest growing market in the U.S. and it's yours to take advantage of — and through us, you have the products and opportunity they are looking for.


Headline tips to get your Ad Noticed

Headlines text size should be 2 or 3 times the size of the body text. 

You have 1.5 seconds to catch readers' attention.

Use Caps on keywords putting the main benefit in the headline     




Will renting out your home lower the selling Price?

The mere fact that your home has been rented should not automatically lead to a lower sales price. The key is to get the right renter who will treat the home properly. You will still have some wear and tear on your home that will need to be addressed before you list the property. Property Manager Robert Griswold



Sex toys are the most common items left behind in properties by departing tenants-Survey by  Deposit Protection Service

The following are tips to help avoid landlord identity fraud:

  • Make sure that none of your mail goes to your rental properties. A good way to do this is to use the mail forwarding cards from your Post Office on a regular basis.
  • If you have lived previously in the address, take extra precaution in submitting mail-forwarding cards to the Post Office.
  • Never forget to do a proper and thorough screening of you tenants.
  • Never share mailboxes.
  • Monitor your credit report to see if anyone has fraudulently applied for credit in your name.

Question
Landlord2Landlord member, Carl J. nashville, TN. "After having gone so  many years without a late fee, I would like to add one to my new application.  I tried working with my tenants but I always ended up paying in the end. I dont feel that I should have to suffer trying to collect my rent on time. What is a reasonable late fee to add to my rental agreement? 
 
Property Manager policies vary greatly from the duration of the lease to the value of the property. We asked Ken Lemal of Little River Properties in Atlanta. " We have generally added a 10% late fee to be applied after a 5 day grace period. Another option which is successful is to offer 10% rebate to those who pay their rent on the first of second of the month. You would need to add 10% to the monthly rent in order for this to work for you. For instance, if your rent is $1000 make the new rent $1100 with a $100 on time payment discount."

Marketing:
Brent D. writes in " Just a quick tip to pass along to landlords. They may post their vacacies for free on www.rentboard.com "

 




 

 
 

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