Showing posts with label Rental. Show all posts
Showing posts with label Rental. Show all posts

Rental Property Carpet - 3 Secrets to Help Your Budget

Rental Property Carpet can represent a significant amount of a landlord's or property manager's budget. These types of dwellings typically have to replace carpet or flooring much more often than any other segment in the floorcovering industry. These purchases can add up in a hurry and may hinder profits if not watched closely. There are several options available to Rental property owners when it comes to carpeting. Some of these options you may have not been aware of and could save quite a bit of money over time.

1. Traditional Plush style carpet is the most used in rental property. This style is available in lower face weights down to 14-18 ounces (face weight is one measure how carpets are compared to each other). This 14-18 ounce range doesn't provide a very long lasting product. If you can go to a product in the 20 ounce range, it will last longer, saving you money on installations and materials by not having to change the flooring so frequently. Also, this entry level rental property carpet choice is offered in both polyester, PET and nylon yarn designs. Polyester is typically the lower end fiber used in these budget priced offerings. If you can afford to take a step to PET or Nylon, it will save you money in the long run as these two yarns will probably give you extra life on the carpeting.

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2. Carpet Tiles are a great option for rental property. The commercial design of the carpet used in tiles will hold up to an army and they are easy to replace if needed. The issue with carpet tiles and squares is that as first quality products they are very expensive. If you can find a dealer that has seconds, off goods or promotionals in carpet tiles, it is worth a look. Carpet Tiles and squares are also an excellent option for commercial rental property as well. Just be sure to find the right deal. You should be able to find deals on commercial carpet tile for under $.89 per foot.

Rental Property Carpet - 3 Secrets to Help Your Budget

3. Commercial carpet is a long lasting product. It may not be as appealing as a plush in a residential rental property or apartment, but the right colors might ease the look somewhat. Commercial carpet is similar to carpet tiles in structure. It is also similar to tiles in the fact that you will need to find very good deals in the form of seconds, overruns, promotionals etc, to fit this into a landlord's budget.

Rental Property Carpet - 3 Secrets to Help Your Budget

Landlords and property managers can shop locally or look online for a carpet wholesaler. Whether you are looking for plush carpeting, carpet tiles, or commercial carpet, be sure to check out Beckler's Carpet, a wholesaler, for your Discount Carpet and other flooring needs. Beckler's Carpet ships carpet, laminate, hardwood, tile and other flooring products all over the country.

The author, Eric Dyer is a writer for Beckler's Carpet based in Dalton, Ga.

For more information you can visit, BecklersCarpet.com or call Beckler's Carpet at 1-800-232-5537.

Rental Property Management - Ten Questions

Why hire rental property management? Because doing it all yourself is the surest way to make your real estate investment experience a bitter one. You also have more time to find the next deal when there is someone taking care of the details for you. Hire a good property manager, but first ask the following questions.

1. How much is the fee? Fees vary around the country from as low as 4% of gross rents for larger buildings, to as high as 12% for single family homes. Be sure the fee is clearly stated and understood.

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2. What other properties do they manage? It is best if they handle rental properties that are similar to yours. It is also helpful to drive by their other properties to see how they are maintained.

Rental Property Management - Ten Questions

3. Who will actually handle your property? It is best if one person handles your building all the time. They should also have some experience. Get their name.

4. What costs extra? Is it extra for showings? Do evictions cost extra (beyond the legal fees)? Any other extras?

5. How is the fee collected and when? Will you be billed, or will it be deducted from your account directly? Monthly? Quarterly?

6. What type of advertising? How do they advertise the units and what does it typically cost you?

7. Cost and time to prepare units? What is the typical cleaning fee on a vacancy, and how long will it normally be before it's rented out again?

8. What needs owner approval? What dollar amount needs your authorization, and is this negotiable?

9. Hours of operation? What are their business hours, and who takes weekend calls?

10. Accounting? What reports do they send? How often? How are accounts set up?

There are probably other questions you'll have as well, based on your particular needs and the particular property. Ask everything up front, and you'll have fewer misunderstandings. With good rental property management, real estate investing is a lot less stressful.

Rental Property Management - Ten Questions

Steve Gillman has invested real estate for years. To learn more, and to see a photo of a beautiful house he and his wife bought for ,500, visit http://www.HousesUnderFiftyThousand.com