To make your income real estate property earn a profit for you, take these easy steps
Thursday, June 22nd, 2006To make your income real estate property earn a profit for you, take these easy steps:
1) Take immediate action to clean up the public areas – lobby, halls, yard, etc. Unkempt and neglected public areas will turn off prospective tenants and may cause your present tenants to move elsewhere. Most public areas can be cleaned up for $100 or so.
2) Have a contractor paint the exterior of the building, where needed. It is amazing how cheaply a building can be made to look new, neat, and clean by simply applying one coat of a good grade of paint. Many owners report that painting the exterior can halve your vacancy rate.
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