Listing Courtesy of BETHANY AREA REALTY LLC
Property management for Sussex County landlords can be the key to circumventing what can otherwise become growth-limiting factors. If you are one of those who acquired a few rental properties as a reliable way to earn easy, hands-off income, you may have been surprised when your hands turned out to be a bit more ‘on’ than you had planned.
Or perhaps you are an experienced landlord looking for a way to expand your business—but already fully occupied with the status quo. The solution may be one you considered before, but decided against for cost reasons. But now that you have more predictable cash flow expectations, you might take a harder look (clearly, many others have done so: according to the international analysts at IBIS World, the property management industry does $55 billion worth of business in the U.S. every year!).
Here’s a back-of-the-envelope look at why property management in town makes sense to so many thrifty landlords:
Whether you need help in getting started or want to offload some of the busywork, property management companies may be able to provide benefits that easily outweigh the cost. Call/text 302-228-7871 or email me, Russell Stucki, REALTOR ® of Beach Real Estate Market to provide detailed information on Delaware homes for sale, investment and commercial properties, luxury and waterfront homes, condos/townhomes, new construction, lots and land, farms and equestrian properties located in but not limited to Bethany, Bethel, Bridgeville, Dagsboro, Delmar, Ellendale, Fenwick Island, Frankford, Georgetown, Greenwood, Harbeson, Laurel, Lewes, Lincoln, Milford, Millsboro, Millville, Milton, Ocean View, Rehoboth Beach, Seaford, Selbyville, Delaware.
It used to be that thrift-minded people shied away from plastic because it made overspending too easy. Today, ubiquitous credit card bonus points and associated discounts and freebies make the opposite true. After all, taking a vacation without using at least some of your credit card airline “miles” or hotel “points” seems more careless than thrifty.
And the fact is, you don’t have to use the credit part of credit card purchases: if you’re careful, you can pay off the balances before interest starts to accrue. And there’s a major additional benefit to conscientious attention to of all your credit accounts— that is, the credit score dimension.
For many years, credit scores seemed a sort of hush-hush affair. That was before initiatives by the Consumer Financial Protection Bureau and the Fair Isaac Corp (FICO) changed the rules of the game, making it mandatory to allow free access to your credit scores. Even so, it was still a bit of a hassle to get to see them—and the “free” access was limited to once a year.
But that’s been changing. Today, many credit card accounts include free access to the FICO credit scores associated with them. If you use the card issuers’ online account systems, you’re usually just a mouse click away from your most recent score. Apparently, the banks behind the cards know it’s a good way to make online bill paying more attractive than snail mail—which is a profit saver for them. At last count, by April of last year more than 150 million accounts included the instant credit score feature.
What that means to Delaware real estate transactions is a solid positive. When Delaware consumers can keep a steady watch on their credit scores, they are much more likely to notice FICO mistakes or any of their own inadvertent slip-ups. The scores affect the interest rates associated with their credit card accounts—but they also heavily influence the offers they can expect from the mortgage underwriters.
I recommend prequalifying for a home loan: it’s one of the best ways to make your offer the winner in a multiple offer scenario. For other ideas that give you a head start when it comes to buying or selling Delaware real estate, just give me a call! Call/Text me Russell Stucki at (302) 228-7871, email me at firstname.lastname@example.org, visit more listings at www.beachrealestatemarket.com.