It’s that time of year again here in Buffalo. The weather is getting colder, and the leaves are starting to change. Before you know it, we will be under 2 feet of lake effect snow coming off Lake Erie! Taking some time to prepare your plumbing before winter hits could save you a lot of headaches, and a LOT of money!
If you have a vacant property, it is a good idea to winterize your home prior to the snow actually arriving. There are a lot of contractors that will provide this service, and the cost of the service certainly outweighs the cost of the damage that could result from not having a property properly winterized. For the purposes of this article, let’s focus on occupied properties.
Continue reading ‘Winter Is Coming – Stop Frozen Pipes Before They Start!’
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We hear it all the time. Someone owns an income property, so they must be financially well off. Generally, a tenant will come out with a comment such as this. This article is written more to the tenants of the world, as opposed to the landlords. What the tenant doesn’t realize often hurts the investor, because they often times don’t fully understand the depth of the charges incurred by a landlord.
Over the course of time, the rental markets change. Part of being a smart investor is recognizing a changing trend and making sure that you are following along. A rental unit that is priced too high will not rent, or take longer to rent. A rental unit priced too low means that you are leaving money on the table, each and every month. Determining the market rental rate before listing an apartment rent is an important skill for any investor, but how are market rates determined?
