What Is a Rental Concession?
Is your investment property sitting vacant for too long? Many owners think the only option is to reduce the rent, but that is not always the case. What does TMG do in lieu of reducing the monthly rent? First, consider what the current rent is set at. What does the market say? If the rent …
How Is Market Rent Determined?
There is no perfect formula to determine market rent, but there are many tools TMG uses to make sure the rental prices we set are in line with the current market. Our goal is to make sure we’re maximizing your investment property by getting the highest rent we can secure, while minimizing vacancy loss. Remember, …
Vancouver Is One of the Top 100 Places to Live
View the story on KGW. An excerpt is below. Vancouver is among four Washington cities to make a national list of the Top 100 Places to Live. The list, published by Livability, specified affordability as the most important attribute and excluded any city with a median home value higher than $250,000. Sorry, Portland. Oregon’s largest city …
Winterization Tips
With bad weather continuing to hit us from all angles, it’s not too late to take steps to guard your property against extreme weather. Here are a few steps that can assist you in preparing your home for extreme weather conditions. Remove all hoses from the exterior hose bibs and install thermo hose bib covers …
Preventing Dryer Fires
Each year, thousands of fires start in the clothes dryer around the country. The most frequent causes of these fires are improper ventilation and/or poor maintenance, which allows lint to accumulate. When lint collects in the ducting, on the heater, switches and motors in the dryer, fires can result. Ventilation is one key to avoiding …
Choosing the Perfect Home for You and Your Dog
When you’re looking for a new place to rent, you probably have a list of things you want and don’t want. While filtering through pet-friendly apartments, consider these 3 things when choosing the home for you and your dog so you both can be happy. Adapted from this article: Top 3 Things to Look for in …
7 Reasons to Invest in the Pacific Northwest
7 Reasons to Invest in the Pacific Northwest Thinking about investing in Pacific Northwest real estate? Now is the perfect time to make the move. Here are our top 7 reasons to invest in the Pacific Northwest. 1. Jobs High tech companies flock to this area. The Portland area has been nickmnamed the “Silicon Forest” …
6 Amenities Tenants Can’t Resist
6 Amenities Tenants Can’t Resist What Do Tenants Want? While the financial aspects of owning an investment property (ROI, Cap Rate, etc.) are most important for investors, what is most important for tenants? Which properties rent the fastest, and typically bring in the highest rents based on their square footage and amenities? Here are six …
3 Ways to Reduce Mold Growth
Are you notorious for taking hot showers? The buildup of steam and moisture in your bathroom can cause serious problems to your home or health if these proper steps are not taken. Not only can moisture cause damage to your walls, but it can lead to the growth of mold! Now that can be a …
Property Value Based on a Net Return Via Capitalization Rate
Calculating Property Value Based on a Net Return Via Capitalization Rate The common measure of rental real estate value based on net return rather than gross rental income is the Capitalization Rate (or Cap Rate). In contrast to the GRM, the Cap Rate is not a multiplier but a rate of annual return.Before you can …
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