If you own rental properties, you are likely always looking for ways to improve your investments. You also might be worried about the cost of the upgrades cutting into your profits. Here are a few tips from Phoenix Property Management that are an effective, inexpensive way to search for ways to improve the home.
Discount Stores
You might just be amazed at what you can find a your local thrift shop. There are hidden gems to be found all the time! Some good examples of items to look for here include: shower curtain liners, drawer knobs, and sink fixtures. These little details can really improve the look of your home without spending too much money.
Low Cost Window Coverings
When looking for window coverings, you first thought might be to go with traditional curtains. While these may look nice, you have to keep in mind that they often fade quickly and can be very costly to clean. A good cost effective substitute is mini-blinds. They are easy to install and easy to clean or replace when a tenant moves out.
Buy in Bulk!
If you are near a building supply store, they will likely offer discounts when you purchase items in large quantities. A great example here is light fixtures. A sure way to give your home a better look and more appeal is to have all of your lighting coordinated.
Managing a rental property isn’t exactly easy. There is a lot to think about to consider. With these cost conscious upgrade solutions from Phoenix Property Management, you’ll be saving money in no time!
Noel began his real estate career as a leasing agent, closing 4 leases his 1st week on the job. Since 2006, he has personally leased over 600 homes, signed up over 1000 new owners for management, and has sold over $500 million in real estate almost exclusively to, and for the benefit of investors. As the original employee, and now Broker for HomeQwik, Noel has not only assisted in the creation and management of the company, but also in the processes that make HomeQwik #1. As an owner of 2 rental properties himself, Noel also has personal experience as an investor, and has a true passion for helping others realize their investment dreams. He continues to work on building his own real estate portfolio, and is shopping for buyers in our market every single day.
Jason Stieglitz is a Realtor and Property Manager at HomeQwik, a firm that specializes in all aspects of Residential Property Management. Jason has been an Arizona resident for almost 40 years, and in real estate since 2009. Formerly in construction, Jason can apply some of that knowledge to maintenance problem solving with your investment property.
Mike Sargent – Founder/Real Estate Investor
Jim Hughes – IT Manager
Janie Scarborough – Business Development Manager for Prescott/Quad City Territory
Gk Pavillar – Manager of HomeQwik Remote Operations