If you’re about to buy a multifamily property characterized by cultural diversity, you have some challenges ahead. Multicultural misunderstandings are common due to problems with communication and lack of knowledge. You want to avoid turnover as much as possible, prevent clashes among residents and handle maintenance and repair issues promptly. Effective communication is essential.
The Importance of Resident Retention
Each time a tenant decides to move out, it costs the landlord time and money for advertising, maintenance tasks such as carpet cleaning, and showing the apartment to prospective renters.…
Buying a home is a major process. It is not like you can just go to the house that you want and buy it right then and there. Even if you are paying with cash, there are still many things that you have to do before the house is yours. However, most people don’t buy with cash. Most people finance the home. If you are planning on financing your home, you might be wondering what sorts of things you can do to make yourself a more favorable candidate for the house.…
If you have a second property or a home that you are not currently living in, you have several options regarding the best way to maintain and potentially make money from it. Depending on your availability and location, one option may stand out as more suited to what time and effort you are realistically able to invest in the property at this time. Consider these three ways to deal with the dwelling, and pin-point the one that best suits your distinctive needs and goals:…
