{"id":6823,"date":"2017-08-31T10:10:01","date_gmt":"2017-08-31T17:10:01","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=6823"},"modified":"2017-08-29T19:37:18","modified_gmt":"2017-08-30T02:37:18","slug":"maintaining-your-investment-property-value-over-time","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2017\/08\/maintaining-your-investment-property-value-over-time\/","title":{"rendered":"Maintaining Your Investment Property Value Over Time"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Several Value-Conserving Strategies<\/strong><br \/>\nThere are a lot of ways to save money as you manage your property; you might install sustainable energy infrastructure of the \u201cgreen\u201d variety, as a for-instance. While this is a great way to conserve resources, and it does expand property value, there is perhaps a better way. Property that sits derelict slowly degrades over time. Maintained property lasts much longer.<\/p>\n<p style=\"text-align: justify;\">If you rent out your property, you\u2019ll be able to draw a regular income from your renters while simultaneously ensuring the property doesn\u2019t degrade slowly over time as it sits unused. If you\u2019re living on the property, but can partition a portion off to a renter, you can likewise save on recurring costs over time.<\/p>\n<p style=\"text-align: justify;\">Another solution would be to institute a cost-effective remodel which brings more value to your property than the actual cost of the remodel. If you\u2019re not careful though, you\u2019ll end up being in a very trying situation which may be ongoing. Oftentimes it takes a while to complete a remodel, and they\u2019re famous for being more expensive than projections.<\/p>\n<p style=\"text-align: justify;\"><strong>The Dark Side Of Renting<\/strong><br \/>\nBut there are downsides to renting, also. One of the biggest ones is the fault of technology. Sites like Airbnb allow those who have access to a space to list that space on the internet for travelers. This is technically subletting. Even if your tenant only does it once or twice a month, the consequences could be disastrous.<\/p>\n<p style=\"text-align: justify;\">All that needs to happen is for some itinerant traveler to come through Airbnb and decide your property is expendable. You never know what kind of people are renting through such sites, and neither do your tenants. Odds are, if they\u2019re subletting via Airbnb, they\u2019re having their own financial troubles.<\/p>\n<p style=\"text-align: justify;\">It can be hard to tell whether or not a tenant is doing something like that, however. You can\u2019t just keep a vigil on the street corner with coffee and donuts in your car like some detective on a stakeout. You\u2019ve got a life to live, too. Also, tenants subletting via Airbnb are likely discreet, meaning they\u2019ll be on the lookout for you.<\/p>\n<p style=\"text-align: justify;\">So, use the service provided by SubletAlert.com which will allow you to discover if a tenant is illegally subletting one of your properties and notify you quickly by email if it turns out to be true. This can give you legal grounds for eviction, and you can find a better tenant for your property.<\/p>\n<p style=\"text-align: justify;\"><strong>A Golden Opportunity<\/strong><br \/>\nAs a landlord, you\u2019ve got the opportunity to experience serious, steady, sustainable income over time with even a medium-sized property. But to see that, you\u2019ve got to be proactive about how you manage the property. You\u2019ll need to find sites that can help you monitor tenant actions, you\u2019ll need to perform regular maintenance, and you\u2019ll need to find the right tenants.<\/p>\n<p style=\"text-align: justify;\">While in most cases it\u2019s better to have any tenant than no tenant at all, there are situations where you\u2019d be better advised just to let your property contend with the elements solo. Regardless, there is definitely a balance to be had.<\/p>\n<p style=\"text-align: justify;\">Still, renting property can be just the right financial push you need to be in a position where you can acquire other, better properties, and branch out into full-time management. You\u2019ve got to start somewhere. If you go into it with protective measures beforehand, you\u2019ll be able to nip little problems in the bud and experience greater success.<\/p>\n<p style=\"text-align: justify;\">Today\u2019s real estate market is uncertain, and this has prompted many to live a monthly lifestyle that usually relies on rental property for housing. If you\u2019re proactive enough, you can naturally capitalize off this in a safe way that ultimately costs you very little.<\/p>\n<p><a href=\"http:\/\/realtybiznews.com\/maintaining-your-investment-property-value-over-time\/98744145\/\" target=\"_blank\" rel=\"noopener\">Maintaining Your Investment Property Value Over Time<\/a> by Jamie Richardson | Realty Biz News<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Several Value-Conserving Strategies There are a lot of ways to save money as you manage your property; you might install sustainable energy infrastructure of the \u201cgreen\u201d variety, as a for-instance. &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2017\/08\/maintaining-your-investment-property-value-over-time\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-6823","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Maintaining Your Investment Property Value Over Time &#8226; 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