Real Estate Corner
Q. How can I build
wealth with real estate rental properties?
A. Before purchasing rental property, consider
the following factors to make a good investment:
moderately priced properties, so you can generate more cash
flow than higher priced properties. Your
tenant’s rent should cover the mortgage, utilities, and additional expenses in
order to produce a cash flow.
full cost of owning and repairing the home. Have a property inspection before you
purchase the property to identify any potential repairs. Also, get written quotes from contractors for
repairs you’ll need to make before renting out the home.
select your tenants. Each
time a renter leaves, you have to prep it for another tenant by paying for
repairs, possible upgrades, and other costs such as advertising, credit and
background checks, plus taking time to show the unit. Long-term tenants are better for your
investment, so choose wisely and treat them well!
To learn more, call
me to request my Free Consumer Report called
to Avoid 8 Dumb Mistakes Even Smart Investors make.”
you have a real estate question you want answered? Feel free to call me at (907) 357-HOME.
Exciting Changes are coming for The Kibe Lucas Team!
2015 is going to be an exciting year for The Kibe Lucas Team! We are happy to announce that we will be moving to our new location on February 1st, 2015!! Our new office is located at 315 N. Nelson Drive in Wasilla, just across from Wonderland Park. This move will allow us to better serve you, our most important asset, our Buyers and Sellers! We are working on the details for our open house celebration and will let you know as soon as we’ve set a date. We look forward to welcoming you to our “new home.” Be on the lookout for details coming soon……
We would also like to take a moment to welcome our newest Buyer’s Specialist, Doug Rudd. Doug joins our team with more than 18 years serving our country in the Army. He also shares our passion for real estate and for providing outstanding client care & service. If you get a chance, stop on by and say “Hello!”