Everything you need to confidently make real estate part of your investing plan
The ability to smoke in public and at apartment communities has been under attack for years. But what about rental homes? Often times an owner plans to rent their home for only a year or two. Certainly the owner does not want to receive the house back with the smell of cigarette smoke still lingering in the house. Even if the renter was a model tenant in all other respects, cigarette smoke can be very destructive. Smoking turns walls yellow (new paint job $1,200), it destroys carpets ($1,500), and it requires a deeper cleaning, perhaps with a deionizer ($500). The cost of all this stress…priceless.
The best approach? In all of our homes we have a no smoking policy. However, we do allow the renter to smoke outside, perhaps on the porch or deck. However, this issue can be a hard one to enforce. What if it’s cold outside? Who wants to stand outside when it’s only 35 degrees? The renter is easily tempted to stand inside the house or close to an open window and light up. Inevitably, smoke gets in the house and the home owner smells the evidence. A good suggestion is to do an inspection within the first month or two of a new lease if you know the renter smokes. Catch the problem early. Then do another inspection a few months later to make sure. If you detect smoke after the tenant moves out, a landlord can charge the tenant for the remediation of the smell. But this can be a tricky proposition. It is always best to be pro-active and keep this issue from becoming a possible expense. It is less ideal to react and pursue a vacating tenant for money.
You can always call Rappold Property Management with questions about your single family home investment.
Rappold Property Management, LLC
1125 SE Madison Street, suite #201
Portland, OR 97214
SG16 is an experienced real estate investor looking for real estate investment opportunities in the Portland metro market. This investor is an all Cash buyer and will not need bank or lender approval to finalize any agreement made.
For more information regarding this buyer and others. Visit OregonRealEstateWanted.com at http://oregonrealestatewanted.com
Announcing the Oregonlandsalescontract.com (http://oregonlandsalescontract.com) web site. The OLSC web site is for the listing of homes in which the seller is offering Owner Carry, Lease Option or Rent to Own terms. The credit crunch has made it hard to impossible for many good buyers to obtain financing. In today’s market sellers have to consider offering terms so they do not miss out on an opportunity to sell their property to qualified buyers. This might seem like the sellers are compromising their position to some. For others, this is an opportunity for sellers to realize the interest income lenders have enjoyed for years.
Please share this link with anyone you feel might consider selling their residential or commercial property with terms or are looking for real estate to buy on terms.
Oregon Land Sales Contract