To Renovate or Not To Renovate Your Lafayette Home Before You SellWhen thinking about selling your home in the Lafayette LA area, homeowners often feel they need to get their house ready with some
Beware Profit-Killers for Lafayette Investment Properties
Dated: August 7 2018
Your Lafayette investment properties are fulfilling all the potential you hoped they would. They do more than pay for themselves with the cash that flows in with the tenants’ monthly rent checks—they also build equity with each mortgage payment.
The wisdom of those investments is reinforced every time you check your balance sheet. The growing contribution to ‘Real Property’ line on the asset side makes a pleasing counter to the shrinking figure in the liabilities column. When it comes to your Lafayette investment properties, the bottom line is, literally, the bottom line.
All well and good, provided that the happy state of affairs continues. But if there is one thing that seasoned investors agree on, it’s that successful rental property owners keep an eye on their investment properties. As Forbes Real Estate Council member Nathan Miller writes recently in his essay for investment property owners, the great management means staying vigilant regarding the factors that don’t have a clear dollar amount when reckoning the bottom line. He enumerates some “cash flow killers” to avoid:
· Wrong Insurance. Particularly if you are making the transition from residential property to
· Tenant Quality. Bad tenants are inevitably expensive—while screening packages aren’t! Lafayette regulations cover what background inquiries might require applicants’ permission.
· Management. If you rely on professional property management, its quality will find its way to the bottom line. Our best Lafayette property managers are easy to spot via some deep dives into their online reputations—which includes tenants’ opinions.
· Misc. Successful Lafayette investment property owners also stay mindful of issues like “sneaky” HOA fees (those are knowable in advance) and deferred maintenance.
This season’s crop of listings include properties that could make outstanding Lafayette investments. Just give me a call if you’d like to see them for yourself!
Homes for Sale in Lafayette
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Ted M. Daigle eXp Realty
1720 Kaliste Saloom Rd Suite B-2
Lafayette, Louisiana 70508
Ted M. Daigle | Realtor
About Ted Daigle – Realtor Growing up in Church Point, LA instilled values of hard work and dedication, which has carried over into every aspect of his life, including real estate. This Lafayette r....
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