Should You Flip or Hold Residential Rental Properties?

Posted on November 8, 2017 in Real Estate Investment
SHOULD I FLIP … OR SHOULD I HOLD Residential Rental Properties … That Is! First in a Series of 2 Articles As CEO of KRS Holdings - a rental property management firm serving investors in Central Virginia - I have both personal and professional experience in two residential real estate investment strategies – “house flipping” and “buy and hold”. There is a place for each to be considered by residential ...Read More

Repairs vs. Improvements

Posted on September 13, 2017 in Real Estate Investment
The WOW Factor of Kitchen/Bath Upgrades Tax Considerations Second in a Series of 2 Articles In last month’s issue of the Residential Investor Connection we introduced a mindset … “Don’t fall in love with your investment.”  To revisit that idea, you can and should respect as well as protect your asset without feelings of emotional attachment.   The point is that your residential rental property should not be afforded the same ...Read More

Where To Invest in Virginia Real Estate

Posted on July 24, 2017 in Real Estate Investment
Two Reasons and Two Virginia Markets to Invest in Single-Family Residential Rentals Trend-watchers … be aware of the growing interest by both renters and investors in the single-family residential rental market. Periods of major change are often periods of superior opportunities … in this case for both seasoned and wannabe residential rental investors. In this article, we’ll take a look at the national trends and then bring it closer to ...Read More

The Buying Beat Goes On

Posted on May 13, 2017 in Real Estate Investment
THE BUYING BEAT GOES ON For Residential Rental Investors When it comes to decisions of invest-or-not, three major factors drive the analysis and decision making of residential rental investors.   Mortgage interest rates Attraction of millennials High employment   When all three are in alignment, it becomes almost a no-brainer to consider becoming a first-time landlord or to expand an existing portfolio. That perfect storm very well may be an ...Read More

2017 – The Year to Recapitalize

Posted on January 3, 2017 in Real Estate Investment
  Invest Long Term Money to Finance Long Term Capital Expenditures At Historically Low Interest Rates At the beginning of each of the last two years, my crystal ball clearly and accurately predicted that … “There is nearly a perfect storm climate for rental property investors … one which may not prove repeatable for decades.” Two of the elements that make up this unique mix, particularly in the Greater Richmond ...Read More

Toe in the Water or Expanding your Portfolio

Posted on September 5, 2016 in Uncategorized
Finding the Money is Key   As CEO of KRS Holdings - a rental property management firm serving investors in Central Virginia – earlier this year I declared being bullish on the purchase of rental properties in 2016. My experience and analysis of the Central Virginia rental property market supports my conclusion that 2016 presents a nearly perfect climate for rental property investors … one which may not prove repeatable ...Read More

Property Managers – What are they Good For?

Posted on August 12, 2016 in Real Estate Investment
Tips on Hiring a Property Management Firm Investors in residential rental properties must seriously consider the matter of management of the investment property. That is true for existing investors as well as those who contemplate becoming landlords. While the decision is more complex than the solution-description, your options boil down to two: 1) hire a professional property management firm, or 2) DIY (do it yourself). Before making a snap judgment ...Read More

How to Lose Half of Your Tenant Prospects or Expand Your Pool by 100%

Posted on July 8, 2016 in Uncategorized
  Question: Are you always so flush with rental prospects that you can exclude half? Anticipating that your answer is in the negative, let’s talk about how the half who are pet-owners may impact your success as a landlord. Nearly half of renters currently own pets, according to New York property investor Erin Eberlin. “Therefore, if you make your property pet friendly,” she explains, “you can be more selective when ...Read More

How To Price A Rental Property – Top Dollar May Not Be The Best Dollar

Posted on June 22, 2016 in Pricing, Real Estate Investment
If Goldilocks was a residential real estate investor trying to figure out how to price a rental property, the story may have gone like this. Goldilocks was faced with deciding how to price her rental unit. She got out her calculator and came up with a number. “This number is too high!” She exclaimed. So, she daintily (but diligently) pecked away at her calculator keys and concluded, “This number is ...Read More

Minimize Damage to your Residential Rental

Posted on June 16, 2016 in Real Estate Investment
The Best Defense is a Good Offense That’s an old sports and military adage … with equal accuracy when applied to owners of residential rental properties. Said another way, many times property damage will be limited to normal wear and tear when landlords take a proactive stand in tenant selection, communications, enforcement of lease provisions and property management. At the very least, taking the initiative and dealing with all tenants ...Read More