Mistakes to Avoid for Housing Investors

With home prices at bargain levels, it may be the perfect time to consider purchasing a property to rent. Investing in a rental property can be profitable for those with time on their hands and who are knowledgeable enough to work the market appropriately. Although no purchase is ever a sure-shot, you can avoid losing money by keeping the following in mind:

Don’t assume a cheap deal is a win-win: Although low prices are always attractive to you, the buyer, don’t forget to keep other factors in mind such as location and building type. If the property is in a less-than-desirable location, you may have trouble finding the right renters or any renters at all. Look for properties in busy areas or cities where demand will never waver.

Don’t forget the extra costs: Always factor in a 3-6% closing-cost fee and keep in mind that you’ll also need funds to maintain the building. Try to plan ahead and figure out what your profit margin will likely be and determine whether buying the property in question is worth your time and investment. Too many times do first-time landlords purchase properties without thinking on a long-term scale. Cover all of your bases by taking all costs into consideration.

Be reasonable about your profit expectations: When you become a landlord, you become a collector. If tenants lose their jobs or stop paying for any other reason, it may take several weeks to evict them. Don’t simply assume that money will keep coming in. It may take time to find the right tenants and even then, there could always be a disruption in payment. Be prepared for this, just in case.

Owning a rental is different than owning a home: Some tenants may be more demanding as to what’s acceptable in terms of maintenance and repairs. State laws (which vary by state) may also impose strict rules and regulations, dishing out even more work for your plate. Although property managers can help out with a lot of this, hiring one will cost you. Be mentally and financially prepared for the task of becoming a landlord so that there are no surprises later down the road.

Source: Bankrate

Fall Care for Heat-Damaged Yards

Extreme weather over the summer left a lot of lawns and landscapes showing signs of damage. With some time, patience and work, it’s possible to get your yard back in order and ready for the winter.

"Signs of typical summer wear and tear on lawns were amplified as they were stressed by the above-normal temperatures experienced across the United States," says Ben Hamza, Ph.D., director of technical operations at TruGreen, a professional lawn care service. "Fall is the ideal time to nurture lawns and landscapes to help ensure your yard’s health for spring." 

Assess
Thoroughly walk your property and inspect the lawn, trees and shrubs. Note patchy areas, where grass has thinned out or is in need of valuable nutrients and appears as light green. Also look for weed and plant pest infestations and overgrown trees and shrubs, especially those with the potential for interfering with roof and power lines. Consider a qualified expert to properly gauge your lawn and landscape needs. 

Replace
Fall is the right time to seed bare lawn areas and overseed existing grass to improve lawn thickness and density. After a detailed inspection of your lawn’s trouble spots, try one of several reseeding techniques:

• Spot Seeding – fills in small areas that are thin or infested with weeds.
• Overseeding – generally used for larger areas where the turf is thin, but not bare.
• Slit Seeding – a premium service using a specialized machine to cut slits into the soil and sow turf seeds directly into the slits. 

Lightly rake an inch of surface soil to remove dead debris and properly prepare the area for seeding. Choose a grass seed that is the same type as the grass already growing in your lawn. Lightly apply seed to the soil surface and gently pack to firm the seed into the soil. Apply a light layer of straw or seeding mulch to encourage rapid seed germination. Water lightly until the seed has fully emerged. Do not apply crabgrass preventive to newly seeded areas of your lawn. 

Feed
Fall feeding gives roots of lawns, trees and shrubs the energy needed to prepare for a healthy spring green revival. Be sure to keep fertilizer on target to prevent run-off. Using a trained specialist for insect and disease control measures customized to your region will help trees and shrubs thrive. If you fertilize your own lawn, make sure you read and follow the product directions and sweep all fertilizer granules that may reach pavement back onto your lawn. 

Maintain
Throughout the fall, there are things you can do to maintain your yard’s appearance and health:
• Rake and clean. Keeping leaves and debris cleared off your lawn will keep your lawn healthier.
• Continue to clear away debris that can become matted and damage your lawn.
• Inspect your landscape mulch in the fall. Clean up beds, refresh mulch and make sure that no more than two to three inches of mulch remains in the beds.
• Do not walk on frost-covered lawns. Doing so may cause brown footprints to appear later. These footprints may remain visible until spring green-up begins. 

For more information, visit www.TruGreen.com.

Apple Creek

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Alamo Ranch

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Neighborhood Open House Tour – Sunday May 2

“Neighborhood Open House Tour”

Join us this Sunday from 2 – 5 to view the properties listed below.

6510 Estes Flats   $99,999  MLS # 817723 

6515 Estes Flats   $139,700  MLS # 828925 

6634 Estes Flats   $138,000  MLS # 829550 

 6530 Estes Flats   $133,900  MLS # 803174


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6634 Estes Flts, San Antonio, TEXAS 78242

Great home located near Lackland AFB with many upgrades. Open floor plan with art niche and step ceiling in formal dining / living room. All bedrooms upstairs, lots of storage/closet space and optional game room or study. Nice Kitchen with lots of cabinets, window over sink and island. Relax in this nice size back yard [...] Read more »

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