Dc Fawcett Real Estate – Who is an absentee landlord?
An absentee landlord is a person who owns a property but does not stay on the property site. An absentee landlord has many benefits in investing on properties that he does stay on. He looks for substantial rental incomes from these properties. Absentee landlords are absent from their own property places and thus employ people to look after their property dealings while they are absent. Is it better to have a landlord who stays away from your site? In some ways, yes it is. You can have more freedom and be the boss of your home even while you are a renter. In this article, Dc Fawcett a real estate millionaire and an adept in real estate mentoring reviews the perks of absentee landlordism.
Pluses for the renter
You can party anytime with your friends at any time of the day or night. There is no landlord to call you and reprimand you unless some neighbor complaints to the landlord that you are disturbing their peace. So, what can you do for that? You can involve your neighbors in the party too. Who will not like to be a part of a party huh? So, utilize this perk of absentee landlordism.
You can keep pets
You can keep pets without the knowledge of your landlord. If the pet creates such a ruckus, it is likely that the neighbors will report to the landlord. Also, an aggressive pet may damage things which will cost you your security deposit. Otherwise, you can safely keep a pet.
You can take time to pay your rent checks
You can take your own time to pay your rent checks. There is no landlord nearby to keep a strict watch on whether you are paying your rent on the first of every month. It is great to have flexibilities in payment.
Dc Fawcett – Benefits for the landlord
Escape the local economic crunch
Even when the local markets are down or mortgage interest rates are erratic, the landlord continues to get income from his foreign property investments. Thus he can escape the local economic crisis.
Some countries have extremely lenient tax laws
Some countries have highly advantageous property tax legislations. In some countries, you don’t have to pay taxes on your rental incomes. You can use it as savings or towards some other expenses.
They can be good vacation homes
Investments abroad can be good homes for holidaying. You can take your entire family there for a period off. You will have unique and diverse sources of entertainment in such foreign countries.
Absentee landlordism is a kind of landlordism in which owners buy properties but they are not onsite. They often manage the properties with the help of a property management company which performs so many functions like marketing, arranging home inspections, taking care of repairs and emergencies and so on. Absentee landlords usually buy properties abroad and they leave the country to their own country. Thus they are absentee landlords. Absentee landlordism comes with a host of positives and negatives. In this article, Dc Fawcett gives tips on how to handle absentee landlords.
Pay rent in time
Some absentee landlords especially those new to absentee landlordism find it difficult to hire property managers. Thus they find it difficult to collect rent. Many tenants of absentee landlords usually pay rent late. They take their own time. Don’t do this. Pay your rent in time and you will be in the favorable books of the landlord and in times of emergencies and otherwise also, you will be entitled to more benefits.
Home inspection is crucial
A rigorous home inspection is crucial and you should make sure that all fixtures, home appliances, HVAC, roofs, taps and others are in good condition. When you move in and when you move out, everything must be in good condition. Document all faults and make them legal. Take photos and date them. Stamp all the papers.
You need to adapt to the situation
Flexibility is the order of the day and as a tenant of an absentee landlord, you should be adjustable. For instance: you break an equipment in your house and you want it to be replaced. Decent landlords will remove the old one, buy a new one and replace the old one. The landlord facilitates and pays for everything but in case he is an absentee landlord, the distance does not allow him to arrange these things. You will be asked to do it yourself and pay for it. It is better to do so instead of making it an issue. In this case, absentee landlords will have a good impression on you.They will adopt a friendly attitude towards you and continue to help you out in your future issues. You should maintain a very good relationship with absentee landlords since they live at a distance. If you don’t do so, you will be overlooked and your complaints will be ignored.
Dc Fawcett Reviews – Tips for Absentee Landlords
Absentee landlords are those who buy a property and own it but are not present on the site of the property. Absentee landlordism has bonuses and minuses for both the tenants and the landlords themselves. In this article, Dc Fawcett, a real estate entrepreneur and mentor gives tips for absentee landlords.
It keep cool and practice great time management. You have to treat it like a full time job.
Don’t procrastinate and work hard and smart: Since you are your own boss, you should ensure that you don’t postpone the work. If you choose to waste time by idling, leisure activities or partying, you can never do good work and will hardly make any profits.
Positive attitude: you should have a positive attitude and you should be really self motivated.
Have a strong network of people
You should have a powerful network of people and friends. It is very important for an absentee landlord.
Dc Fawcett Real Estate Tips – The downsides of absentee landlordism
Downsides for the renter
No proper communication
Sometimes, you cannot communicate urgent matters to the landlord. The distance serves as a big hurdle. Your messages may be overlooked. Your calls may not be received.
There may be some urgent repair works that have to be done. Although, there are property managers to whom you can communicate, some things have to be dealt personally by the landlord and he cannot be contacted easily or come down soon.
Downsides for the landlord
There are some matters which you should deal with in person. You may not be able to come due to the distance. Although, you have hired some property managers to manage property affairs during your absence, there are some concerns which you must inspect on your own. For instance: you have to check repair works to see if the quality is as good as your payments. The final supervision is yours.
Conducting the business will be too hard
Conducting the business will be really hard especially if you are new to the field. As a new landlord, you will not have enough income to hire people for every concern. Thus collecting rent, signing contracts, inspecting initial repair works and so on is tough. Also, when you are purchasing property unseen, you may be paying more than what is required.
Buying in foreign markets is risky
You cannot rely on local track records for buying property abroad. Foreign markets are different in nature and even adept landlords may fail when it comes to investing abroad. The investments are higher and involve the risk of loss of millions if you fail to get a good property. Also, you cannot file a law suit as easily as you can do locally. Foreign rental and property scams may be hard to tackle for you and you have to do a lot of research or hire a trusted real estate agent.
Tenants may take things for granted. They will not pay in time. They will misuse your absence. For instance: they will keep pets even if they are forbidden to do so and they may cause great damage to your property sometimes.
Dc Fawcett Real Estate Ideas – For Improving Curb Appeal Through Landscaping
Curb appeal means external appeal. While staging your home, you need to make sure that it carries a good exterior appeal. Buyers are attracted to your home through the curb appeal of the home. You must make it so attractive that they will be pulled into your home through the exterior appeal. Don’t leave the front yard dirty and keep it clean. Trim the overgrown bushes at the entrance and dispose extremely old furniture sets in the portico of the building. These are some of the basic steps that you take towards increasing your curb appeal. If you don’t do this, it will be a put off for potential visitors to enter your home. Home staging is extremely important and if you don’t do it well, your home continues to sit vacant in the marketplace for a long time. And curb appeal is the most important part of home staging as first impression is the best impression. In this article Dc Fawcett, a million dollar online entrepreneur, gives tips for increasing the curb appeal of your home.
Curb appeal is about improving the appearance of your home exterior. For an introduction to curb appeal and basic curb appeal tips, check out Dc Fawcett’s articles on tips for improving curb appeal – part 1 and 2. In this article Dc Fawcett ideas for improving curb appeal through landscaping.
Improving landscapes can increase curb appeal
Beautiful landscaping heightens curb appeal. It does not matter even if you plant unknown plants but it surely adds a sense of beauty and freshness to your home. You can plant vegetables trees and flowers, grow grass and so on. Badly maintained landscapes cost you bucks. There may be deductions of about 10-15% while well maintained landscapes can add value to your home – nearly 28%. So, here are some great ideas to augment landscapes.
Dc Fawcett Tips – Make it greener than ever
So what do you do? Obviously grow more green grass. Add sod to your garden or you can plant turf grasses. They are long standing and withstand dry spells. Remove unwanted and space-occupying weeds and watch out for vacant spots. You should add fertilizers every six weeks and water the grass continuously. A greener front yard is better than ever.
Do landscaping according to the house
Small and pretty flowers don’t fit in with big houses. They will not be conspicuous from the streets or the driveway. Instead use midsize shrubs and plant them along a line. Let them project the walkway and the house. Clubbing plants together will grab the attention of people. You may have seen this in parks, natural areas preserved and converted into tourist spots and national gardens. You can do it somewhat close to that by observing the group planting there.
Choose colors for flowers
The color of the flowers should go with the color of the house. For instance: a red house will look nice when you use yellow, white and pink flowers. If the house dominates and people don’t see the flowers on the plants, then you have chosen the wrong colors.
Illuminate those plants which will grab the eyeballs of the potential buyers. Plants, shrubs and trees should be well lighted. Use professional lighting services to add lighting. Again choose light colors according to the flowers. They must contrast well with the flower colors. The entire ensemble of flowers, lights and trees should create dozens of joyous patterns in your buyer’s minds.
Trees not only improve curb appeal but add more value to your property, especially mature trees. The value of trees is hard to determine. In some markets, they add up to 10% of a $100, 0000 property. They save energy and hence costs. They give plenty of shade and keep your home cool. Children enjoy playing around and climbing trees. Grandparents experience a sense of satisfaction when they witness trees. They are an excellent addition for property value and curb appeal.
These are some ideas given by Dc Fawcett to improve landscaping. You should improve the landscaping in your home which will automatically heighten the curb appeal of your home.
Dc Fawcett Tips For Improving the Curb Appeal of Your Home – part 2
What is curb appeal? Well it means the external appeal of your home. This is very important to attract buyers. In this article, Dc Fawcett gives tips for improving the curb appeal of your home. But before you read this, read part 1 written by him which contains an introduction to curb appeal as well as some more tips on increasing the external appeal.
Add a new letter box
This will increase the curb appeal. Add a colored and freshly painted one. It does attract prospective buyers.
Add lights to the door and make the lighting symmetrical. Symmetrical lighting illuminates the exterior and goes well with the door hardware. The door can be supported by 2 bejeweled candle holders. Buyers will be put off by dark exteriors. Lights create a myriad of colors in their hearts and make them dance. You should add lights to the garden and walkways. Add low voltage lights and add fixtures. Fixtures can add area specific lighting. If you cannot use wired lights, use solar lights but it may not be so intensely bright.
Keep windows clean and let the sunshine
This is a very simple and inexpensive tip. Clean the windows. Wipe the glasses with a wet cloth. Take a small cloth and then clean the edges. But this will be cumbersome. You have machines to take the dust out of edges. Research the net on how to clean windows. There will be some tips. Also keep these spotless windows open and let the sunlight in. This will ensure that the home is bright when the potential buyer enters. Dingy, dull and badly illuminated homes are put offs to the prospective buyers who will think that there is no proper facility for sunlight to peep into the house.
Chuck out rot and trim overgrown bushes
Trim overgrown bushes and spruce up the front yard by throwing away trash, mowing, reseeding the lawn and so on. Also chuck out rotten wooden materials and furniture. You can remove the rot by using specific tools and materials. Chuck out old fixtures and other materials as well.
These add to the beauty and dignity of the home. They are also a caution feature as they protect people from slipping out of the portico. They are expensive but it is a well grounded safety feature and enhances the look of the home.
Gutter pipelines are not just important for the drainage and waste water to go out but it also adds to the appearance of the home. Shiny copper gutters can be added and contact local bodies to check out which types are best suited for the climatic conditions in your city.
Put neat and new furniture in the porch
The new furniture will add pleasant freshness to the exterior of the home. Sometimes you can put ornamented and expensive furniture if you can afford it.
Dc Fawcett says that,Absentee landlordism is a good for tenants and the owners in many ways. These are some of the benefits of absentee landlordism as reviewed by Dc Fawcett.He is a million dollar real estate investor and he invests in areas where he does not live. He gives tips for real estate online and they are beneficial to many salesmen.