COMMON QUESTIONS

Low interest rates and lack of inventory caused values to both skyrocket, and fluctuate rapidly. To determine value, we use recent sales, location, and condition to get the most accurate estimate possible.  Give me a call, and I will gladly share my expertise.

When discussing repairs and improvements prior to selling, I recommend that you only consider those items of which you can expect a minimum return of twice the value as placed into it.  As an example, painting the interior can oftentimes result in higher returns at sale.  Whereas replacing a driveway because of minor cracking will almost always lose you money.

Yes, I have several handymen which I would be happy to recommend whom I have worked with multiple times with more than satisfactory results.

Yes, I can recommend a good management company to you. Signs that is time to start looking for a new property manager are: 

                1) Lack of timely communication (slow in returning calls).

                2) Repairs not being addressed in a timely manner or being overcharged.

                3) Poor relations with tenants (are the tenants reaching out to you directly?).

                4) Lack of periodic market reports (are you undercharging?).

                5) Not receiving rent on time.

If your future monthly house payment is roughly 15% to 20% more than your current monthly rent payment, then it might be wise to continue your home search.  Monthly financial outlay is a prime consideration, but there are many other aspects of renting that need to be weighed against buying as well.

If your current lot is big enough to accommodate an addition and your plans fall within the setback rules set forth by the City and County, then  it is probably worth exploring.  Keep in mind, that one day you may want to sell, so don't go overboard on your improvements if you expect to get some of your investment back.

Yes, a 1031-Exchange has been used by many investors to move from one property and into another like one (reinvestment) to defer capital gains to the next property. If the property has been your primary residence for at least 2 of the past 5 years, you may also qualify to sell the property as a residence as opposed to an investment. These are all possibilities but it is always best to confirm with your tax expert on the subject.