Listing Courtesy of RE/MAX REALTY GROUP REHOBOTH
Become a landlord!
Be your own boss!
Build equity that someone else pays for!
These may sound like the kind of come-ons that you tune out when you hear them on the radio or TV, but, surprisingly, they’re actually more reality-based than not. Whether you're buying a Rehoboth Beach property for its rental potential, or preparing to turn a currently-owned property into an income-producer, the game plan is straightforward. Locate a suitable Rehoboth Beach property: one with the rental potential to create cash flow either as income, or to build real estate equity…or both!
So what’s the catch?
In fact, there is one. Becoming a successful landlord has more to it than spotting an appropriate Rehoboth Beach property and sitting back, waiting for someone to nail up an ‘Easy Street’ sign. In order to make the most of the opportunity an Rehoboth Beach rental property represents, you need to either already have, or develop, a requisite set of skills. Chief among them:
1. The relationship between landlord and tenant, and landlord and the tradespeople he hires, should be purposefully professional. Your tenants may also be fellow Rehoboth Beach residents (or even neighbors), yet skillfully establishing and maintaining an amiable yet businesslike relationship takes dexterity and finesse. Substituting an overly personal relationship instead of the more proper businesslike one can result in counterproductive consequences…like tardy rent payments or superfluous demands.
2. As much as any other business, successful landlords are usually ‘people people’: they don’t shy away from interactions on a face-to-face basis. Whether it’s dealing with renters’ concerns, interviewing potential tenants, or handling the personnel who help maintain a Rehoboth Beach property, great landlords have great leadership skills. They have the knack of bringing positive energy to everyday dealings. Good landlords exhibit authority without being overbearing, and they allow their tenants to feel the right degree of investment in what is their home, if only temporarily.
3. It may seem as if turning a property into an income-producer is an extremely simple task, but in fact it takes organizational skills to accomplish it efficiently. There are laws that have to be observed, and documentation to be maintained. People who cultivate clarity in such matters are nicely suited to the demands of running a rental property.
4. There are unavoidable time availability demands that mustn’t be ignored. A tenant with a maintenance emergency needs to have it addressed. Now. It’s one thing that even the most people-oriented, organizationally proficient business titan should be prepared to attend to without delay.
But suppose you lack some (or even all) of these traits? Should you just walk away from a Rehoboth Beach property—even after you’ve spotted one you know has great potential? Actually, there is a Plan B, which is to hire a property manager—a professional practiced in all the requisite skills. To explore the current crop of Rehoboth Beach property listings with serious potential, just give me a call! Call/Text me Russell Stucki at (302) 228-7871, email me at email@example.com, visit more listings at www.beachrealestate.com.
Even if you don’t pride yourself on your artistic flair, you probably have developed fairly firm ideas about what makes some Rehoboth Beach homes come across better than others. Without even consciously thinking about it, you know as soon as you walk through a front door whether that immediate impression is strongly positive, just so-so, or sub-so-so.
A Rehoboth Beach home’s agreeable first impression can usually be laid to a combination of pleasing architecture, diligent maintenance, and appealing décor. Not every home in town has all that going for it, but there can also be a saving note: sometimes the most important impression comes from just a few minor touches—clever accents that just seem perfect.
Now that we’re wading deeper into the months when Rehoboth Beach’s bad weather days are stacking up, we are more likely to find ourselves with some spare time—the commodity that was so hard to find when the sun was shining. That makes it an ideal time to browse through the web (or home decorating magazines, if any of those are around) to fire your creative decorating juices. There are websites galore that feature photos displaying imaginative design touches that other homeowners have come up with. Today, you don’t have to reinvent the wheel—when it’s being reinvented by thousands of others
All by itself, Pinterest is a single source of boundless do-it-yourself design ideas. The virtual pin board site is the source of billions of images its users are proud enough to want to share with the world (and a surprisingly large percentage live up to that appraisal!). Since there are more than 100 million active users every month, the images and ideas are constantly changing. If you’re open to new ideas, this is boundlessly rich territory.
If you enter ‘decorating’ in the search bar at the top of the Pinterest screen, you’ll summon up dozens of tabs (they look like color swatches) that lead to all sorts of classifications. There are Apartment, Home, Bedroom, Cabin, DIY, Room, Fall, Rustic, Kitchen, Bathroom, Wall, Ideas, House, Vintage, Country, Table, Dorm, Cookies (this leads to dessert-type cookies—so here ‘decorating’ means ideas for icing them), On A Budget, Farmhouse, Cottage, Bohemian (a suitable alternate title for that one might be ‘clutter’ or ‘gypsy wagon’) Beach, Nautical, Modern…you get the idea: just about everything.
Alternatively, once you are in the greater ‘decorating’ section, you can also just key in a more specific description of the area you’re exploring. For instance, if you put in ‘spring,’ you’ll see hundreds (perhaps thousands—the pages just keep expanding) of colorful ideas for springtime everything: bunnies, door hangings (a great idea showed an umbrella hanging from a front door knocker with a terrifically colorful springtime floral display bursting up out of the inside of the umbrella)… Then, once you click on any image, you are taken to the creator’s page…and that’s likely to show hundreds of other ideas. A lot of them turn out to be commercial sites, but those have often cooked up some of the most creative ideas.
In case you’ve never visited Pinterest, I’d like to apologize in advance to the amount of time it’s likely to devour. Still, when the weather turns foul, and you’re looking for ways to enhance your Rehoboth Beach home, that’s probably a reasonable price to pay. I have a number of other resources if you are thinking of maximizing your property’s appeal for sale (or for you!). Give me a call anytime! Call/Text me Russell Stucki at (302) 228-7871, email me at firstname.lastname@example.org, visit more listings at www.beachrealestatemarket.com.