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Apache is functioning normally

November 1, 2024 by Brett Tams

Real Estate

November 1, 2024
by Mark Ferguson

Over the last 20 years, I’ve bought and managed hundreds of rental properties. While most of my experience is with long-term rentals, I’ve also dabbled in short-term rentals and helped many other investors analyze both strategies. In this article, I’ll break down the key differences between short-term and long-term rentals to help you determine which strategy might work better for your situation.

Quick Overview: Short-Term vs Long-Term Rentals

Before diving deep into the analysis, here’s a quick comparison:

Short-Term Rentals:

Higher potential monthly income
More hands-on management required
Higher operating costs
More market volatility
Often better in tourist areas

Long-Term Rentals:

More stable monthly income
Less day-to-day management
Lower operating costs
Generally more predictable
Work in most residential areas

Analyzing the Numbers: Real-World Example

Let’s look at a real example using a 3-bedroom, 2-bathroom house worth $300,000 in a decent area. I’ll break down the potential returns for both strategies using my rental property calculator.

Long-Term Rental Numbers:

Monthly Rent: $2,000
Annual Gross Income: $24,000
Vacancy Rate: 5% ($1,200)
Property Management: 8% ($1,920)
Maintenance: $2,400
Insurance: $1,200
Property Taxes: $2,400
Net Operating Income: $14,880

Short-Term Rental Numbers:

Average Nightly Rate: $150
Occupancy Rate: 70%
Annual Gross Income: $38,325
Cleaning Fees: $4,800
Property Management: 25% ($9,581)
Utilities: $2,400
Maintenance: $3,600
Insurance: $2,400
Property Taxes: $2,400
Net Operating Income: $13,144

While the short-term rental generates significantly more gross income, the net income is actually lower in this example due to higher expenses. However, these numbers can vary dramatically based on location and market conditions.

Advantages of Long-Term Rentals

1. Stability

Long-term rentals typically provide more predictable income. When you have good tenants on a yearly lease, you know exactly how much you’ll make each month. This makes it easier to plan for expenses and calculate returns.

2. Lower Operating Costs

With long-term rentals, tenants usually pay utilities and handle yard maintenance. You also don’t need to furnish the property or pay for regular cleaning services. This significantly reduces your operating expenses.

3. Less Management Intensive

Once you place good tenants, long-term rentals require minimal day-to-day management. You might only hear from tenants occasionally for maintenance issues. Learn more about how hard it is to be a landlord.

4. Easier Financing

Traditional lenders are more comfortable with long-term rentals. You’ll typically find better interest rates and down payment requirements compared to short-term rental properties.

Advantages of Short-Term Rentals

1. Higher Revenue Potential

In popular areas, short-term rentals can generate 2-3 times the gross revenue of long-term rentals. This higher income potential can lead to better cash flow in the right market.

2. Property Condition Control

With short-term rentals, you can regularly inspect and maintain the property between guests. This helps prevent major damage and keeps the property in better condition.

3. Personal Use Flexibility

If you want to use the property occasionally, short-term rentals offer that flexibility without violating any lease agreements.

4. Tax Benefits

Short-term rentals often qualify for additional tax benefits as a business rather than an investment property.

Key Challenges to Consider

Short-Term Rental Challenges:

Regulations: Many cities are implementing strict short-term rental regulations or outright bans
Market Volatility: Income can vary significantly by season and during economic downturns
Higher Time Commitment: Managing bookings, cleanings, and guest communications requires more time
Initial Costs: Furnishing and setting up a short-term rental requires significant upfront investment

Long-Term Rental Challenges:

Problem Tenants: Bad tenants can be costly and time-consuming to remove
Property Damage: Less frequent inspections mean damage might go unnoticed longer
Market Constraints: Rental rates typically can’t be adjusted until lease renewal
Lower Income Potential: Monthly income is generally lower than successful short-term rentals

How to Choose the Right Strategy

Consider these factors when deciding between short-term and long-term rentals:

Location Matters Most

Tourist areas → Short-term rentals often perform better
Residential neighborhoods → Long-term rentals usually make more sense
Business districts → Either can work, depending on specific market demands

Time Availability

Limited time → Long-term rentals are usually better
Flexible schedule → Short-term rentals might be manageable
Full-time investor → Either could work well

Financial Goals

Steady income → Long-term rentals
Maximum revenue potential → Short-term rentals (in the right market)
Building equity → Either strategy works

My Recommendation

After managing both types of rentals, I generally recommend starting with long-term rentals unless you have a property in a prime tourist location or significant experience in hospitality management. Long-term rentals provide a more stable foundation for building wealth through real estate with less risk and time commitment.

For those interested in short-term rentals, I suggest:

Starting with one property to learn the market
Choosing a location with year-round demand
Building a reliable team (cleaners, maintenance, etc.)
Having significant cash reserves for seasonal fluctuations

The Bottom Line

Both short-term and long-term rentals can be profitable investment strategies when executed properly. The best choice depends on your specific situation, including:

Available time
Market location
Risk tolerance
Management experience
Financial goals

I’ve found that most investors do better starting with long-term rentals and potentially adding short-term rentals to their portfolio later as they gain experience. Whatever strategy you choose, make sure to thoroughly analyze the numbers and market conditions before making your investment.

Want to learn more about rental property investing? Check out my guide to building a rental property empire or try my rental property calculator to analyze potential investments.

You might also be interested in learning about how to get started in rental properties or understanding the risks of rental property investing.

Source: investfourmore.com

Apache is functioning normally

November 1, 2024 by Brett Tams

If you’ve ever dreamed of a perfectly organized home, free from clutter and full of things that spark joy, the Marie Kondo Method checklist may be just what you need. Created by bestselling author and tidying expert Marie Kondo, this approach to decluttering is as much about mindset as it is about organization. This article, will guide you through a KonMari checklist to help you remove the clutter and transform your space with intention.

From clothing to sentimental items, get ready to tackle each category in a way that brings harmony and lasting order to your home. Explore these decluttering tips and organizing hacks to transform your home into a peaceful, joy-filled retreat, whether you’re living in a stylish apartment in downtown Cleveland, OH, a cozy coastal home in Miami, FL, or a spacious rental in Newark, NJ.

Who is Marie Kondo?

Marie Kondo is a renowned Japanese organizing expert and the author behind the popular KonMari Method, which focuses on keeping only items that bring joy. Her approach to decluttering, rooted in mindfulness and gratitude, has helped people worldwide create calm and orderly spaces that reflect what truly matters to them.

What is the Marie Kondo, or KonMari, Method?

In a nutshell, the KonMari Method simplifies the decluttering process by encouraging you to organize your home by category rather than by room. Marie Kondo suggests beginning with clothing, then progressing through other categories such as books, papers, miscellaneous items, and, finally, sentimental objects.

One of the most celebrated aspects of Marie Kondo’s philosophy involves reflecting on each item you own and asking yourself whether it sparks joy.. Does it speak to the heart for you? Does it bring you happiness? If it doesn’t, take a moment to thank the item for its role in your life and part ways. Many choose to donate or pass on items that don’t bring joy as part of this decluttering journey.

As Kendall from KENDALLCLUTTER in Los Angeles, CA suggests, incorporating a “declutter-as-you-go” strategy can make a huge difference. “When you make breakfast, declutter coffee cups. When you get dressed, declutter old clothes you haven’t worn in years. Even if you declutter just one item a day, that’s progress,” states Kendall. A simple daily routine can help make decluttering a habit over time, making the overall process more manageable.

The four guidelines to tidying

Here’s a step-by-step guide for how you can follow the Marie Kondo Method, as well as your very own Marie Kondo Method checklist.

Step 1: Commit to tidying up

As with all journeys of self-improvement, the first step in the Marie Kondo Method checklist is to commit. Just as you’d commit to losing weight, working out or starting a new hobby, commit to tidying and organizing your home through and through right at the start.

Leah Forbert, owner of LRO Home Organizing in Austin, TX, recommends starting small, especially if you’re feeling overwhelmed. “Choose a single room or even a simple drawer to begin. Take your time and be thorough. Organizing and decluttering your home can be challenging, so be patient with yourself. It’s a process that takes time, but once you experience the joy of a well-organized home, you’ll be motivated to tackle even more spaces,” shares Forbert. This reminder helps reinforce the KonMari philosophy: committing to the process with patience and persistence is key to success.

Step 2: Visualize the lifestyle you want

Create a picture in your mind of your ideal lifestyle. What does it look like, and how does organizing and decluttering the home fit into it? “What do you envision for your home or for your space? Having a specific goal in mind before you begin will give you momentum as you begin and move through the decluttering checklist,” advises Suzanne O’Donnell of My LA Organizer. Visualizing the lifestyle you want can keep you motivated throughout the journey.

These answers are deeply personal and can vary significantly from person to person. For instance, a cluttered home can alleviate stress and anxiety levels, making it hard to relax or focus. Research shows that disorganization can lead to feelings of overwhelm and distraction, impacting productivity and contributing to mental fatigue. In contrast, a neat and organized environment promotes a sense of calm and control, allowing for clearer thinking and greater peace of mind. By eliminating clutter, you not only create a more visually appealing space but also foster improved mood and motivation, supporting your overall well-being.

Step 3: Discard first, then move on

When organizing and tidying your home, it’s easy to get sidetracked along the way. However, the Marie Kondo Method emphasizes the importance of staying focused, beginning with the process of discarding items. Prioritizing what to let go of is crucial before fully transforming your space. Consider this step a cathartic release; only by removing the unnecessary can you truly envision and create your ideal environment. Clearing out what you don’t need allows for a fresh start and sets the foundation for realizing your dream home.

As you sort through each category, let go of items that no longer serve you by expressing gratitude for their role in your life. Reflect on their value, thank them, and prepare them for a new purpose. If something didn’t serve you well, consider why and how future choices might better align with your goals. This reflection not only eases the letting-go process but also clarifies what you truly need going forward.

Missy Weimer from Lifehack Organizing located in Oak Park, IL suggests, “When unsure what sparks joy, start with what doesn’t. Begin with items you never used or didn’t like—broken or useless items—and say, ‘Your job here is done.’ It’s a great way to build decluttering momentum.” Starting with items that clearly don’t serve you can help ease you into the process.

Nicole Korman, owner of Denver, CO-based Westside Cleaning Services, also suggests a “Declutter Challenge” that might be helpful. “Empty the room or space, fill a box or trash bag, select 10 items to keep, and donate the rest to your local domestic shelter..” These incremental steps can make the discarding process more achievable.

Parisa Ozmen from Organize Me Well in West Hollywood, CA adds, “Choose items that truly add value or joy. Start with a small category like kitchen gadgets, evaluating each piece. This focused approach builds momentum and prevents overwhelm.” Tackling a manageable category first can simplify the process, making it easier to move on to larger areas with confidence.

Step 4: Tidy and organize by category

One of the key differences of the Marie Kondo Method is that, instead of going through your home and tackling your decluttering project room by room, you do it category by category.

When helping clients achieve balance and calm, Paula Pham, Health and Organizing Coach at SparkOrganizers in Topanga, CA, notes the importance of containers. “I often use white storage containers when a client’s life is overwhelming or chaotic. Clear containers with bamboo lids offer clarity and simplicity, while the natural warmth of bamboo adds a grounding richness,” she says. Using purposeful containers as you categorize and organize can also support well-being and harmony in your space.

The order of categories in your Marie Kondo Method checklist

When organizing by category, Marie Kondo emphasizes the importance of following a specific order:

1. Clothing

The KonMari Method stresses that it’s important to start with clothing when beginning the Marie Kondo Method checklist. Gather all your clothes, hold each and think about your history with them. Did you use it often? If so, how? Does it spark joy? If it does, place it in the “keep” pile; if not, express gratitude for its service and let it go. Leah Forbert advises, “Take your time and categorize each item. Pull everything out, and as you go, sort through each piece. You’ll often find items to donate or discard right away.”

2. Books

Many of us enjoy building extensive book collections. Marie Kondo herself prefers to keep a small selection, but recognizes they’re often exceptions in decluttering and organizing a home. Her advice: hold each book, assess whether it sparks joy, and decide what to keep based on that feeling.

3. Papers

With papers scattered everywhere— to-do lists, flyers, pamphlets—it can be overwhelming to know what to keep. If you struggle to part with the paperwork cluttering your space, the KonMari Method can guide you in identifying what is truly essential and valuable.

4. Komono (miscellaneous items)

This step in the Marie Kondo Method checklist could take a while, as we all have tons of miscellaneous junk cluttering up our homes, but it’s extremely important to sift through it and determine what you actually use, need and spark joy within you.

5. Sentimental objects and mementos

This final category is the most difficult to work through. Maybe there’s a figurine that your grandmother gave you. Perhaps it’s a now-broken souvenir from a favorite trip.

Leah Forbert suggests the “edit” step. “Let go of broken items, clothes that no longer fit, or items that you have multiples of. Once you experience the joy of a well-organized home, you’ll be motivated to tackle even more spaces,” says Forbert.

Similarly, Suzanne O’Donnell notes, “Establish a ‘home’ for everything. And if you cannot create a home for certain items, then you know it’s time to edit.”

Follow the Marie Kondo Method checklist to keep yourself on track

We all accumulate a lot of belongings over time, often leading to cluttered spaces that can feel overwhelming. To help you stay focused during your decluttering journey with the KonMari Method, we’ve created a comprehensive KonMari checklist. This handy resource is designed to guide you through each category, ensuring that you don’t miss a step along the way. You can easily download and print the checklist, making it a practical tool to reference as you tidy up your home. Whether you’re just starting or need a little extra motivation, this checklist will support you in creating a more organized living space.

Ask yourself: Does it spark joy?

As you’re going through the Marie Kondo Method checklist, you must ask yourself the key question: Does it spark joy? Sparkle & Shine Cleaning LA emphasizes this approach by suggesting, “Start small and focus on one area and keep only what truly makes your space important or makes you feel good, letting go of the rest.”

Regardless of the reason, if an item truly sparks joy within you, it deserves a place in your home. Remember, it’s your space, and curating it with items that truly make you happy can lead to greater contentment and a sense of harmony in your everyday life. By focusing on joy, you’re not just clearing out clutter; you’re intentionally creating a mindful living space that reflects your values and brings you peace.

Source: apartmentguide.com

Apache is functioning normally

October 25, 2024 by Brett Tams

Maybe you’ve just moved into your new apartment and want to make it smell clean and fresh or you’ve been dealing with persistent pet odors due to a furry friend’s accidents. Whatever the reason, bad odors can really put a damper on your mood – and sometimes your health, too. Whether you’re renting an apartment in Scottsdale, AZ, settling into a home rental in Kansas City, or finally buying your dream home in Albuquerque, NM, nobody wants to live in a place that smells bad.

To get you started on your purifying journey, ApartmentGuide reached out to a wealth of experts to offer tips on how to banish bad odors for good. Read on to learn more and make your place smell fresh again.

1. Start with a deep clean

If you are looking for how to get rid of bad odors in your apartment, experts recommend starting with a thorough deep cleaning, but first get some fresh air in the place. “The first step to removing harsh odors is to open up the windows and doors and get as much fresh air in that area as possible,” says Rachel Seavey, professional organizer and coach with Collector Care.

Next, you’ll want to get into deep clean mode. “You must do a thorough deep clean before disinfecting or sanitizing with a disinfectant and odor eliminator – an air freshener probably won’t give you a lasting result,” recommends Hank Williamson, President of The Maids of the Triad, a cleaning company that services North Carolina. “Your carpets have likely retained odor so you will need to vacuum and clean them. If your walls have absorbed cigarette smoke or other odors you should wipe them down with a vinegar and water mixture – using a microfiber mop greatly assists. If your refrigerator has odor, dispose of dated food and thoroughly clean it; you may use baking soda or coffee grinds to absorb any remaining odor. Next, open the windows, turn on fans, and change air filters.”

Jonathan Herrera of Master Clean Bay Area, agrees that starting with a deep clean is the best way to get rid of odors before a more focused solution. “A deep clean focusing on floors, bathrooms, living areas, and the kitchen can significantly reduce harsh odors in an apartment,” says Jonathan. “By thoroughly cleaning these areas, we eliminate trapped dirt and lingering smells. Our go-to products are Simple Green and dish soap. Simple Green not only cleans but also helps disinfect, making it an effective solution for neutralizing odors while ensuring a hygienic environment. Regular deep cleaning of these high-traffic areas can help maintain a fresh-smelling space, especially when dealing with persistent smells from cooking, pets, or moisture.”

2. Clean your garbage cans

Aside from taking the trash and recycling out frequently to ensure that smells don’t linger, you need to be sure you’re properly cleaning your bins to get rid of bad odor that may be building. “I recommend garbage receptacles to be cleaned at least once every two weeks,” says Omar Arroyo of Blue Sea House Cleaning, a house cleaning company serving California and Monterey Peninsula. “Start by making a mix of about a half gallon of water, two teaspoons of liquid dish soap, and three teaspoons of baking soda. Pour the mix into the garbage receptacle and let it soak for about five minutes. After five minutes, scrub, rinse, and dry it with a towel or paper towel. Your garbage receptacle will be odor-free for about two weeks.”

3. Be smart about the scents you use

Instead of just masking the smell with candles and air fresheners, try using scents that do a great job of neutralizing odors. “Certain fragrance notes like citrus, lavender, and eucalyptus are excellent for freshening up spaces and neutralizing harsh odors,” adds the team at Be Layered, a fragrance company. “These notes work by not just masking smells but by refreshing the air with clean, natural scents. For a cozy and long-lasting effect, warm notes like vanilla, musk, and sandalwood can create a comforting atmosphere while also combating unpleasant smells.”

The team at Cleany, an NYC-based cleaning company, agrees, “Odor-absorbing candles with scents like lavender or eucalyptus can mask and refresh harsh smells, especially in small spaces like bathrooms or kitchens.”

4. Simmer a solution on the stove

Another classic trick to get rid of bad odor is to simmer a natural mixture on the stove. “We all love a home that smells wonderful. In fact, our sense of smell is the sense most closely tied to memory,” shares Alejandra Fortin, founder and CEO of This is Home, a cleaning, organizing, and interior design company based in Houston. “A great way to make your home smell amazing and give you that cozy feeling inside, especially during the holidays, is by warming water on the stove and adding cinnamon sticks, cloves, cardamom, an orange and a lemon into the hot pot. Leave it there simmering and it will quickly have your entire home smelling like the holidays and will put you and your family in the best mood!”

If you’re looking for another concoction to try, consider Edgar Villafranco’s remedy from We Leave Clean, a cleaning company with locations based all over the country. “For stubborn odors, especially from cooking or pets, try simmering a pot of water with slices of lemon, a few sprigs of rosemary, and a teaspoon of vanilla extract for 30 minutes,” says Edgar. “The steam from this natural mixture not only freshens the air but also neutralizes lingering smells, leaving your home smelling clean and inviting.”

5. Use a steam mop

Steam mops are a great chemical-free and eco-friendly way to get stains and smells out of your floors. “At NeatO, we find that one of the best defenses against harsh odors in our clients’ homes is by using a quality steam mop like the Shark Genius, along with a light spritz of diluted Pine-Sol on the mop pad,” says NeatO Cleaning, a Los Angeles-based cleaning company. “The heat and moisture from the steam helps lift dirt and stains, while simultaneously killing odor-causing bacteria. The spritz of Pine-Sol doubles down on eliminating bacteria while leaving a clean scent that lasts.”

6. Reduce laundry odor

If you’ve got smells baked into your clothes, try using some vinegar in your next load. “For laundry odors, use a quarter cup of white vinegar in the wash. White vinegar neutralizes laundry odors and surprisingly makes clothes smell fresh and clean,” says Beth McGee, author of Get Your House Clean Now: The Home Cleaning Method Anyone Can Master.

7. Get creative with dryer sheets and fabric softener

A lot can be done with simple household items to clean up your space. Take some tips from Greg Strine of Dream Cleaning, a top-rated home cleaning service in Chicago, and get your space spelling good with what you have on hand. “Start by taking dryer sheets and putting them in each vent. This will absorb odors in the ducts and create a clean scent from the duct work. Some furniture just needs to be thrown out, but try unzipping the cushions and putting a dryer sheet inside a couch cushion. Leave it there for three weeks and smell how this helps with your furniture,” says Greg.

“Lastly, take a small bowl with one cup of coarse salt, add two tablespoons of rubbing alcohol and mix. Then add four to six ounces of fabric softener and put it under the couch. This will help eliminate odor, keep insects away, and add a clean fragrance to your property.”

8. Tackle your garbage disposal

If a bad odor is wafting from your garbage disposal, it might be time to focus your cleaning efforts on this area. “To quickly combat a bad smell in your garbage disposal, pour a cup of baking soda down the drain, followed by a cup of white vinegar, which will create a fizzing reaction that helps break down odor-causing particles; then run cold water to rinse thoroughly,” recommends NYC house cleaner Sunnyside Clean.

9. Use a combination of white vinegar mixed with baking soda

A quick and natural cleaner can be made by combining white vinegar with baking soda. As an easy way to tackle pet-related harsh odors, listen to Sarina Ocal of MissionCat Cleaning, a cleaning company servicing both the New Jersey and New York area.

“To get rid of bad odors, especially pet-related ones, use a mixture of white vinegar and baking soda. Apply it directly to the stained area, let it sit for a few minutes, and then scrub gently,” recommends Sarina. “For persistent smells, you can also try an enzyme-based cleaner to break down odor-causing compounds.”

Luis Da Silva, CEO of My Cleaning Angel, a residential and commercial cleaning company based in Tampa, Florida, seconds this method of removing bad odor. “To remove harsh odors in your apartment, use a mixture of white vinegar and baking soda — vinegar neutralizes odors while baking soda absorbs them.”

10. Combine vinegar and water

For an easy cleaner, combine vinegar with water. This creates a quality cleaner that is non-toxic and friendly to most surfaces. “To neutralize lingering smells, we wipe down surfaces with a vinegar solution, which disinfects and freshens the space,” shares the team at Superb Maids NYC.

This solution can also be used on fabrics and carpets. “Use a mixture of equal parts water and white vinegar in a spray bottle to mist fabrics and carpets, allowing it to dry completely – vinegar neutralizes tough odors without leaving a lasting smell,” shares Lisa Shultz, owner of Anderson Carpet Cleaning Inc.

11. Use baking soda and vinegar on their own

Together, baking soda and vinegar are a force to be reckoned with, but they offer special benefits on their own. “Vinegar is a powerful odor neutralizer – fill a bowl with white vinegar and leave it in a smelly room overnight to absorb strong odors,” suggests the team at Cleany.

Baking soda is also powerful at absorbing odors on its own. “For general odor removal, we use baking soda on carpets and upholstery, allowing it to absorb odors before vacuuming,” says Superb Maids NYC.

If you combine all products – a water and vinegar solution with baking soda – you can do a lot of good. “For more stubborn smells, such as pet odor or lingering food aromas, sprinkle baking soda over the affected area and let it sit for 15-20 minutes to absorb the odor. Then, spray a 50/50 mix of water and white vinegar, let it fizz for a minute, and wipe clean. This method is natural, safe, and leaves surfaces odor-free!” advises Camden of ClothesLyne, a laundry service with locations along the East Coast.

Using organic products like baking soda and vinegar can be a great way to clean without using harsh chemicals. “We always use organic products that our professional cleaners prepare to leave the areas shiny, clean, and smelling clean,” says Heromaid, a house cleaning service in the Bay Area and Los Angeles. “For organic cleaning products, we recommended vinegar, baking soda, and sometimes hydrogen peroxide to remove harsh stains.”

12. Tips for cleaning with store-bought products

If you’re looking for something stronger that you can buy at the store, Cleaning Glow, an office, AirBnB, and house cleaning service, has got you covered with their recommendations to get rid of bad odor.

“1. To get rid of general odors throughout your room, use compact OZONE Spray. It can kill bacteria and viruses in seconds.

2. Use Arm & Hammer Extra Strength Carpet Odor Eliminator to get rid of odors stuck in carpets.

3. Mix 1 hydrogen peroxide with 2 parts water and a small dish soap; spray to remove pet odor stains.

4. Place activated charcoal bags in various rooms to absorb offensive smells without covering them.”

13. Clean up pet stains and leftover odor

We love our furry friends, but they can wreak havoc on the quality of our spaces. If you’ve got pets that struggle with accidents, give this section a read and try out some of these tips to get rid of bad odor and stains.

“For pet odors, sprinkle baking soda generously on the area and let it sit overnight to absorb smells before vacuuming it up; follow with a light mist of white vinegar for extra odor-neutralizing power,” suggests Lisa Shultz, owner of Anderson Carpet Cleaning Inc. “Treat urine stains by first blotting up as much liquid as possible, then apply an enzyme-based cleaner specifically designed to break down proteins that cause lingering smells.”

It may be tempting to just mask the urine smell if the job seems too mighty, but you need to be using a cleaner designed for pet stains. “For pet stains that are causing odors, use an enzymatic cleaner specifically designed for protein-based stains like animal waste. This way, the source of the odor is broken down and removed, not just masked,” says Beth McGee, author of Get Your House Clean Now: The Home Cleaning Method Anyone Can Master. “If the stain is on fabric like furniture or carpet. Test a hidden area first to be sure it won’t damage the fabric.”

Professional cleaners do have favorites when it comes to products of pet stains. “If you identify you have a pet odor problem due to naughty or incontinent pets, we always suggest using Naturals Miracle, which is all-natural and uses enzymes,” recommends Rachel Seavey, professional organizer and coach with Collector Care. “You spray a small amount on the area and let it go to work. It is all natural so it’s safe to use around your fur babies.”

Another favorite of professional cleaners is Arm and Hammer Pet Fresh Powder. “If you have a harsh odor coming from your carpets and don’t want to call your carpet cleaning company, start by buying Pet Fresh powder that you can find anywhere,” says Seattle Steamers, a carpet cleaning company in Seattle. “Next, spread it on the carpets. Agitate the carpets using a broom and let it set for an hour. Then vacuum the carpets and you’re done!”

Now, it does matter whether the stain is old or new – this will change the method by which you attack the stain. “Urine is one of the few things that will change on the pH scale from an acid (new urine stain) to an alkaline (old urine stain) over time,” shares Carpets by Chris, a carpet repair company based out of Mukilteo, Washington.

“For this reason, it is necessary to clean a new spot with a different product than you would with an old spot. Since a new spot is acidic, you want to use an alkaline like ammonia to break the chemical bond and remove the urine. Conversely, if the urine stain is old, then more than likely it has changed from an acid to an alkaline. This means we need to use an acid like white vinegar to break the alkaline, chemical bond. To do this, simply saturate the stain with the chemicals, apply a dry towel to the spot, and stand on it multiple times to soak up as much as possible. If there is a visible stain, use a 35% solution of hydrogen peroxide. Mist it on the stain and let sit. This is very effective in getting rid of the urine stain.”

14. Use an ozone generator

Sometimes odors stick around and don’t want to leave. If your place is like this, it might be worth it to look into a different type of solution. “In more persistent cases, we use activated charcoal to absorb odors or deploy an ozone generator,” says the team at Superb Maids NYC.

“Ozone generators are highly effective at eliminating tough odors, such as those from smoke, mold, or pets, by releasing ozone (O₃), which breaks down odor-causing molecules. This method reaches areas that standard cleaning cannot, making it ideal for deeply embedded smells. However, ozone generators must be used in unoccupied spaces, as ozone can be harmful to humans and pets during treatment. After use, we ventilate the area thoroughly before allowing re-entry, ensuring the space is fresh and odor-free.”

15. Get rid of smoke

Maybe you’ve just moved in and your apartment smells like cigarette smoke – not the best thing in the world to be around all the time. Well, an ozone generator is actually a great way of solving this issue. “To remove smoke odors, use an ozone machine to purify the air quickly, but follow the directions for use carefully,” says Beth McGee, author of Get Your House Clean Now: The Home Cleaning Method Anyone Can Master. “You can buy one for a reasonable price or many rental companies have them available.”

If purchasing or renting an ozone generator is out of the question, Beth has another tip for getting rid of smoke. “Wipe surfaces with vodka and distilled water to neutralize smells. The alcohol in vodka kills odor-causing bacteria. As it evaporates, it takes the smells with it,” says Beth. “Lightly spray vodka diluted with water onto fabric, carpet, or surfaces and let it air dry. It works great for smoke or musty odors and doesn’t leave a strong scent behind.”

The team at Cleany also has a tip for getting rid of smoke. “For persistent smells like smoke, placing bowls of activated charcoal around the room can help absorb unwanted scents,” they say. Lisa Shultz, owner of Anderson Carpet Cleaning Inc., seconds this idea and adds another tip. “For smoke or musty odors, place bowls of activated charcoal or coffee grounds in the room for 24 – 48 hours to absorb odors naturally,” says Lisa.

Source: apartmentguide.com

Apache is functioning normally

October 25, 2024 by Brett Tams

Real Estate

October 24, 2024
by Mark Ferguson

With over 20 years of experience as a realtor and real estate investor, I’ve been tracking housing report patterns closely, and today’s data reveals some interesting developments that we should all pay attention to. In this post, I’ll cover my take on the housing market and what may be in store for us over the next few months.

Video Version: Is the Housing Market Starting to Falter?

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Active Listings Show Steady Increase

The national active listing count has been steadily climbing throughout 2024, though it remains significantly below pre-COVID levels. While this increase might concern some market watchers, it’s important to note that:

Current inventory levels are still well below 2017-2019 figures
The market remains competitive despite interest rates being 2-3 times higher than pre-COVID
The seasonal pattern typically shows an increase until August before declining

Unexpected Surge in New Listings

One of the most surprising developments in the September report is the unusual uptick in new listings. Typically, new listings decrease during this time of year, but we’re seeing an increase that breaks from historical patterns. This could be related to:

Recent Federal Reserve rate decisions
Market anticipation of lower mortgage rates
Sellers timing their market entry

Residential-detached homes for sale in my market.

Mortgage Rate Dynamics

The relationship between Fed rates and mortgage rates continues to be complex:

Recent rates fluctuated between 5.7% and 6.5%
Strong jobs report data has influenced rate movements
Mortgage rates remain more closely tied to 10-year Treasury rates than Fed funds rates

Rental Property Cash Flow Calculator

Days on Market Remains Stable

Despite increased inventory, the days-on-market metric remains lower than pre-COVID levels, indicating continued market strength. This metric shows:

Similar patterns to recent years
No abnormal increases despite higher inventory
Continued strong buyer demand

Price Trends and Reductions

The median listing price is showing typical seasonal patterns:

Only 1% decrease year-over-year
Normal seasonal decline from summer peak
Price reduction shares actually decreasing more than usual

Here’s a view of residential-detached house prices in my market from 2014 until now.

New Construction Insights

The new construction data provides valuable forward-looking indicators:

Single-family home starts remain sensitive to interest rate changes
Completion rates have maintained steady levels
Supply chain and labor markets continue to influence building activity

Housing Occupancy Trends

Recent data shows interesting developments in housing occupancy:

Owner-occupied units reached record highs at 86 million
Rental occupancy has increased alongside ownership
Population growth is driving demand in both sectors

Is There Really a Record Number of Houses Being Built Right Now?

Market Outlook

Based on current data and historical trends, several key factors suggest continued market stability:

Persistent housing supply constraints
Strong demographic demand drivers
Steady owner-occupancy rates
Continued population growth affecting housing demand

Conclusion

While we’re seeing some unusual patterns in new listings and inventory, the fundamental market indicators remain strong. The combination of limited supply, steady demand, and population growth continues to support market stability.

As we monitor these trends, it’s crucial to remember that short-term fluctuations are normal in real estate markets, and the overall structural factors supporting housing demand remain intact.

Where do you think we’ll be in a few months? Let me know in the comments below!

Source: investfourmore.com

Apache is functioning normally

October 24, 2024 by Brett Tams

Home decor is an extension of your personality, and astrology can offer intriguing insights into your design preferences. Whether you’re gravitating toward the simplicity of minimalism for your Raleigh, NC home, an artistic statement in your Chicago, IL apartment, or layered aesthetics of maximalism for your Charlotte, NC rental, your zodiac sign might be influencing your choices. Here’s what the stars say about your style in the ongoing debate of minimalist vs maximalist decor.

Minimalism vs maximalism explained

Minimalist vs Maximalist decor represents two contrasting design philosophies. Minimalism is all about simplicity, clean lines, and a clutter-free space. Focusing on function and intentionality. It uses neutral tones, sleek furniture, and emphasizes open, airy environments. On the other hand, maximalist design embraces boldness-vibrant colors, eclectic patterns, and layered textures. It’s about filling a space with personality and creating a visually stimulating environment. While minimalist thrives on “less is more”, maximalist decor celebrates “more is more” allowing for creative freedom and expressive design choices.

1. Aries (March 21 – April 19): Bold maximalism

Aries, known for their boldness and high energy, are naturally drawn to maximalist decor that reflects their dynamic personality. Julia from wellness lifestyle brand, The Mantra Collective in Laguna Hills, CA notes, “Aries, with their bold and energetic nature, may lean toward maximalism, embracing vibrant colors and dynamic statement pieces.”

Similarly, Brindha Dhanabalan, CEO of All Cotton and Linen highlights that “Aries love decor that makes a statement. Items like red-and-white checkered tablecloths are a perfect fit for their bold home.” Daniel Shuttleworth of Life StyleBrew & Tattoo Build adds that, “Aries may lean toward a vibrant gallery wall featuring an eclectic mix of art pieces, mirrors, and personal mementos, creating a lively focal point that matches their bold energy.”

2. Taurus (April 20 – May 20): Cozy, nature-inspired maximalism

Taurus prefers a grounded, nature-inspired environment with a focus on comfort. Julia from The Mantra says, “Tauruses value comfort and luxury, making them ideal candidates for a maximalist approach. Think cozy textiles like plush throws and velvet cushions that add warmth and a touch of indulgence to their home. Katja Rottinger of vintage furniture store, Vintarama, adds that, “Taurus prefer robust wooden furnishings with rustic elements, perfectly aligned with a maximalist approach. Their decor often includes natural materials like wool, fur, and driftwood, creating a warm, down-to-earth atmosphere.”

3. Gemini (May 21 – June 20): Playful maximalism

Geminis are known for their playful and curious nature, making eclectic maximalism a great match for them. Julia from The Mantra explains, “Geminis enjoy variety and playfulness, which translates well into a maximalist home featuring mix-and-match patterns and colors.” A gallery wall filled with diverse art pieces is an ideal reflection of Gemini’s ever-changing interests. Meisy Tunay of home decor brand, Fenlo Shop, also mentions, “A Gemini might enjoy a playful, eclectic decor style, bringing in elements that mirror their big-eyed personality.”

4. Cancer (June 21 – July 22): Cozy minimalism

Cancers, ruled by the Moon, seek comfort and security in their surroundings, making them a natural minimalist in the minimalist vs maximalist decor debate. Lisa Marinkovich, blogger of Gal Pal Lifestyle, points out that Cancers prefer a cozy, minimalist approach. “Cancers should focus on soft furnishings and meaningful decor to create a nurturing environment,” shares Marinkovich. A light sofa paired with a cozy throw blanket can create a serene atmosphere, perfectly suited to Cancer’s nurturing spirit. Julia from The Mantra also emphasizes, “Minimalism allows Cancer to foster the peaceful, secure space they crave.”

5. Leo (July 23 – August 22): The maximalist showstopper

Leos are known for their love of drama and self-expression, making them the natural maximalists of the zodiac. Bradley Hebdon, founder of Vintage Shopper in Crowley, TX explains, “Maximalist decor, with its bold layering of vibrant colors, patterns, and textures, perfectly matches the energy of a Leo.” They gravitate toward spaces filled with oversized plants, vintage furniture, and luxurious accents like golden mirrors and velvet chairs. Hebdon adds, “Adding patterned rugs, mismatched throw pillows, and unique lighting fixtures enhances the dramatic, curated feel of the room.”

6. Virgo (August 23 – September 22): Functional minimalism

Virgos are known for their practicality and organization, making them naturally drawn to minimalist decor. Dennis from Star-Naming highlights, “Virgos prefer uncluttered shelves and calming, earth-toned accents that reflect their organized nature.” Meisy Tunay of Fenlo Shop agrees, stating that, “A Virgo might appreciate minimalist design and decor that emphasizes clean lines and organization. Every detail serves a purpose, and their space is always designed for functionality.”

Photo courtesy of Katja Rottinger of vintage furniture store, Vintarama

7. Libra (September 23 – October 22): Balanced minimalism

Charming and sociable, Libras seek beauty and balance in every aspect of their lives, including their home decor. Peter Stockinger from Stars and Stones points out, “Libras love to experiment, often blending contemporary sophistication with minimalist aesthetics.” Twinkle from artisan home decor brand, Mianzi, also weighs in. “An Opium Pendant Lamp or something similar that has a refined design is perfect for a Libra’s harmonious and sophisticated taste reflecting their love for balance in decor,” says Twinkle.

8. Scorpio (Oct. 23 – Nov. 21): Mysterious minimalism with maximalist touches

Scorpios are drawn to moody, transformative spaces, often incorporating rich, mysterious textures like deep velvets and dark colors. Michelle Saya, a writer and blogger, says, “Scorpios create spaces that are intimate and transformative where every piece tells a story.” While they might prefer minimalist layouts, Scorpios often infuse their spaces with egocentric statement pieces that reflect their deep, passionate nature. “Scorpios are drawn to the industrial look with darker colors and egocentric statement pieces,” emphasizes Katja Rottinger of vintage furniture store, Vintarama.

9. Sagittarius (Nov. 22 – Dec. 21): Curated maximalism

Sagittarius expresses their adventurous spirit with a curated maximalist style. Meisy Tunay from Fenlo Shop explains, “Sagittarius gravitates toward spaces filled with carefully selected, eclectic pieces that reflect their love for travel and exploration.” Peter Stockinger of Stars and Stones adds, “Sagittarians favor decor that highlights ‘collected treasures,’ making maximalism an ideal way to capture their bold, well-traveled nature.”

Photo courtesy of Elisa Szymanski of ESY Arts

10. Capricorn (Dec. 22 – Jan. 19): Sleek, functional minimalism

Capricorns are disciplined and ambitious, favoring sleek, minimalist spaces that prioritize functionality. “They’re drawn to modern Scandinavian trends with chic, functional, and cozy elements,” explains Katja Rottinger of Vintarama. Elisa Szymanski of ESY Arts in Poughkeepsie, NY, providing wall art and clothing to express your individuality, echoes this, stating, “Capricorns favor well-crafted, timeless pieces —like a minimalist walnut bookshelf which suits their pragmatic nature. Capricorns value organization and simplicity, favoring fewer items focused on utility.”

11. Aquarius (Jan. 20 – Feb. 18): Eclectic minimalism

Aquarians are known for their individuality and often embrace an eclectic yet minimalist decor style. Peter Stockinger of Stars and Stones describes, “Aquarians as free spirits who are inclined to do the unexpected in their home decor. They appreciate smooth surfaces and clear lines but also love incorporating unique, standout pieces.” Brindha Dhanabalan adds, “Aquarians enjoy unique and eco-friendly decor, making sustainable minimalism and underconsumption an ideal choice for their creative homes.”

12. Pisces (Feb. 19 – Mar. 20): Dreamy maximalism

Pisces are known for their dreamy and sentimental nature, making them natural maximalists who prefer soft, whimsical decor. Julia from The Mantra suggests, “Pisceans should invest in Bohemian-style designs to reflect their adaptive and imaginative spirit.” Brindha Dhanabalan of All Cotton and Linen adds, “Pisces love soft, dreamy decor with items like light blue napkins or luxury towels adding a magical, tranquil touch to their home.”

Jyotisha and the home

In addition to Western astrology, the Hindu system of astrology, known as Jyotisha, offers a unique perspective on home decor. As Devala Rees of the Hindu American Foundation explains, “We primarily look at which astrological bodies occupy which of the twelve houses in a person’s birth chart, most especially the fourth house, which corresponds to the home.” Rees also shares, “Individuals with the Sun in their fourth house may gravitate toward sunny, open spaces, while those with Saturn might prefer darker, somber rooms.” These subtle intricacies in Jyotisha show how astrological influences can deeply shape an individual’s home environment, offering a more personalized approach to decor.

Minimalist vs Maximalist decor: Which is right for you?

Your zodiac sign can offer fascinating insights into your home decorating style, whether you favor the simplicity of minimalism or the rich layers of maximalism. From Leo’s love of bold, dramatic spaces to Virgo’s clean, functional designs, astrology shows how our star signs influence our design choices. So, where do you fall in the minimalist vs maximalist decor debate? Let your zodiac sign guide your next decor decision.

Source: apartmentguide.com

Apache is functioning normally

October 23, 2024 by Brett Tams

When it comes to home decor, the concepts of minimalism and maximalism are two sides of the same coin. While minimalism champions simplicity and functionality, maximalism celebrates boldness and exuberance. Whether you’re curating a minimalist sanctuary in your Charleston, SC home, a vibrant, maximalist space in your Denver, CO apartment, or a balanced style in your San Diego, CA rental, the stars might offer some insight into your home style. Here’s how to decorate according to your zodiac sign and align your home with minimalism, maximalism, or a blend of both.

1. Minimalist signs: Virgo, Pisces, Capricorn, Taurus, and Cancer

For signs that value simplicity, order, and function, minimalism is the perfect fit. Venessa of itourvista3D Virtual Tours explains, “Minimalism, characterized by clean lines and clutter-free spaces, appeals to Virgos, Cancers, Pisces, Taurus, and Capricorns who appreciate order and functionality.”

Virgo

Virgos naturally lean into minimalism, with their love of organization and neatness. As lifestyle blogger Diana Collibri notes, “Attention to detail and love for organization are traits of the minimalist Virgo. You’ll often see this in their choice of functional furniture, minimalist shelving, and neutral storage baskets for a clutter-free space. Atef from home renovation guide, Renovera, adds, “Virgos thrive with sleek, multifunctional furniture like storage benches, which align with their need for an orderly, efficient home.”

Capricorn

Capricorns are drawn to timeless, high-quality pieces that echo their practical and disciplined nature figuring out how to decorate their home. According to Goodyear, AZ-based health and wellness blogger Mandy Wilde of The Midst, “Capricorns appreciate clean lines, natural materials like wood and stone, and cool tones for a refined, enduring look.”

Taurus

For Taurus, minimalism isn’t just about simplicity—it’s about embracing natural beauty. As Marrisa, owner of MZ Fine Designs in Waverly, MN where she offers unique, handcrafted pieces notes, “Taurus is likely to gravitate toward natural materials like wood, and earthy tones, reflected in unique pieces like handmade charcuterie boards.” These minimalist, yet elegant, items serve as both functional art and conversation starters, adding a touch of sophistication to a Taurus’s home.

Pisces

Pisces approach minimalism with a dreamy, ethereal touch. “Pisces appreciate pieces that transport them to another realm, making their homes serene, almost otherworldly sanctuaries,” says Lori Serra of Fine Art Canvas in Los Angeles, CA. Their soft, flowing fabrics and muted palettes are ideal for creating a space that feels both calm and imaginative.

Cancer

Cancers, known for their deep emotional connection to home, favor cozy, minimalist spaces when determining how to decorate according to their zodiac sign. David Gomez of Zodiac Zone Horoscope explains, “Cancers value soft textures, pastel hues, and family heirlooms, all contributing to a warm and inviting atmosphere that feels like a true sanctuary.” A Cancer’s dream home includes a deep-seat sectional sofa, soft throw blankets, and a cozy fireplace—a space where they can relax and feel safe.

2. Maximalist signs: Leo, Sagittarius, Aries, Gemini, and Scorpio

For signs that enjoy making bold statements, maximalism offers the perfect creative outlet. Venessa of itourvista3D points out, “Maximalism, characterized by bold colors and eclectic textures, resonates more with Leos, Aries, Scorpios, and Sagittarius, who express their vibrant personalities.”

Leo

Leos are known for their vibrant, show-stopping personalities, and their homes reflect this. “Leos are creative, playful, and exceptional hosts,” says certified astrologer Yael Teramel of Yael Astrology. They love big, well-lit spaces, statement pieces like gold-framed mirrors, and dramatic lighting. Marrisa of MZ Fine Designs adds, “vibrant colors such as those in resin charcuterie boards, suit Leo’s bold taste, making these pieces both functional and striking in their decor.”

Sagittarius

For Sagittarius, the free-spirited traveler, maximalism is a natural fit. Elyse Calucci from the podcast Allegedly Astrology explains, “Maximalism appeals to their love for collecting memories, stories, and eclectic items from their adventures and travels around the globe.” Their homes are filled with vibrant tapestries, global patterns, and unique art pieces that reflect their journeys. As Mandy Wilde from The Midst adds, “Sagittarians embrace layered textures and rich colors, creating a warm, welcoming space that tells the story of their life’s adventures.”

Aries

Aries, with their fiery, bold nature, thrive in maximalist environments that reflect their passion and zest for life. “Aries gravitate toward spaces filled with bright colors, statement pieces, and a sense of movement; think patterns and unique textures,” says Elyse Calucci.

Adam Mizrahi of MixPlaces located in Miami, FL also highlights, “Aries often opt for bold, vibrant statement pieces that showcase their dynamic personalities.” Whether it’s bold wall art or a statement rug, Aries isn’t afraid to let their decor speak for itself when determining how to decorate according to their zodiac sign.

Geminis

Geminis are naturally maximalists, drawn to variety and change. “Their fun, creative, and full-of-life personalities tend to transpire in their vibrant homes,” says Anda from House of Andaloo, in San Diego, CA. Anda notes, “Geminis often mix styles, colors, and textures, evolving their spaces frequently to keep things interesting.” They love eclectic furniture, vintage animalia decor, and statement artwork that brings a lively, upbeat energy to their homes.

Scorpio

Scorpios, although typically associated with a more reserved personality, lean toward maximalism in a refined way. They prefer purposeful, quality pieces that make a strong impact without overwhelming the space. According to Dawn Henson from architectural design group Small House Works, “A well thought out furniture plan is key for Scorpios who favor dual-purpose furniture like the OZ Sid space-saving coffee table that converts into a dining table.” This kind of design reflects Scorpio’s desire for functionality with a bold, impactful statement.

3. Balanced signs: Libra and Aquarius

Some signs, like Libra and Aquarius, find a balance between minimalism and maximalism, combining both styles to create unique, harmonious spaces.

Libra

Libras are known for their desire for balance and harmony in all aspects of life, including their homes. “Libras enjoy balance and order, so they may keep the decor simple by avoiding clutter,” explains lifestyle blogger Juju Gurgel located in Fort Myers, FL. However, Libras also appreciate elegance and beauty, blending minimalist design with luxurious touches like soft fabrics and ornamental elements. Lori Serra of Fine Art Canvas adds, “Libras love art that blends classical grace with modern innovation, mirroring their preference for spaces that are both peaceful and aesthetically pleasing.”

Aquarius

For Aquarians, modern minimalism with a twist is the way to go. Mandy Wilde from The Midst suggests, “Aquarians are drawn to futuristic, unconventional designs and geometric furniture that reflects their progressive spirit.” Eco-friendly materials and smart technology often make their way into an Aquarius home, marrying functionality with individuality in a minimalist yet distinct space.

Maximalist vs minimalist in interior design: The best of both worlds

Whether you lean minimalist or maximalist,figuring out how to decorate according to your zodiac sign can inspire home decor choices that reflect your personality. From the calm, serene spaces of Pisces to the bold, adventurous homes of Sagittarius, astrology offers a fascinating lens through which to view your design preferences.

As Karen Bradley from holistic interior design group Okos Koti notes, ”Your zodiac sign can significantly influence your home decor preferences.” And with tools like 3D virtual tours, as Venessa of itourvista3D suggests, “you can explore various styles to see how they align with your astrological traits.”

Each sign brings its unique flavor to home decor, and no matter where you fall on the minimalism-maximalism spectrum, your space can become a beautiful reflection of your inner self, inspired by the stars.

Source: apartmentguide.com

Apache is functioning normally

October 18, 2024 by Brett Tams

Real Estate

October 18, 2024
by Mark Ferguson

As a real estate investor who has bought and sold numerous properties over the years, one of the most common questions I encounter is whether it’s better to sell a property vacant or with tenants in place. The answer isn’t always straightforward and depends on various factors, including property type, market conditions, and target buyers. Let’s break down the pros and cons for different property types.

Video: Is it Better to Sell Houses or Investment Properties Vacant or With Tenants?

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Single-Family Homes

Generally, single-family homes will sell for more money when vacant. Here’s why:

Owner-occupants typically pay more than investors because they’re buying a home, not just an investment
Owner-occupants make up the largest buyer pool for single-family homes
Properties can be properly prepared and staged when vacant
Repairs and updates are easier to complete without tenants

For example, I recently sold a single-family flip that could have rented for $2,000 monthly ($24,000 annually). Using a gross rent multiplier of 8%, an investor might have valued it around $300,000. However, we sold it vacant to an owner-occupant for over $400,000.

Exception: Low-Value Markets

In markets with very low property values but decent rental rates, it might make more sense to sell with tenants. This is common with turnkey rental operations, where properties are sold to out-of-state investors with tenants and property management already in place.

Multi-Family Properties

Duplexes

For duplexes, having at least one unit rented often makes sense because:

It appeals to house hackers who want to live in one unit and rent the other
Rental income helps buyers qualify for financing
Shows proven rental income potential

However, ensure units are rented at market rate. Below-market rents can actually decrease property value.

Larger Multi-Family (5+ Units)

For properties with five or more units:

Almost always better to sell fully occupied
Aim for market-rate rents
Maintain good payment history from tenants
Keep detailed income and expense records
Properties are valued based on income approach
Owner-occupant financing isn’t available, so investor buyers dominate

Commercial Properties

Small Commercial

Small commercial properties can go either way:

Vacant might appeal to owner-occupant businesses
Could potentially get higher prices from owner-users than investors
Market conditions and timing play crucial roles

Large Multi-Tenant Commercial

For larger commercial properties with multiple units:

Generally better sold with tenants in place
Investors typically prefer stabilized income
Having a few vacant units is okay for showing upside potential
Detailed rent rolls and financial statements are crucial

Single-Tenant Large Commercial

These can be challenging:

Harder to sell vacant due to specialized uses
Consider splitting into smaller units if vacant
Triple net leases with strong tenants add significant value
Property value closely tied to tenant quality and lease terms

Special Considerations

Mixed-Use Properties

For mixed-use properties:

Usually better occupied, especially if tenants are strong
Consider separating business operations from real estate
Can sometimes work with partial vacancy
Value based on both current income and potential use

College Rentals

Timing is crucial:

Best to sell either fully rented during school year
Or vacant right before rental season
Avoid having vacancy during off-peak rental periods

Conclusion

While each property is unique, here are the general rules of thumb:

Single-family homes: Usually better vacant
Multi-family: Usually better occupied
Commercial: Depends on size and type
Always consider market conditions and timing
Ensure rents are at market rate if selling occupied
Maintain good financial records for occupied properties

Remember that these are guidelines, not absolute rules. Market conditions, property condition, and timing can all impact whether vacant or occupied is the better choice for your specific situation.

Source: investfourmore.com

Apache is functioning normally

October 11, 2024 by Brett Tams

When it comes to finding a slice of paradise, celebrities know that the Caribbean has it all — seclusion, luxury, and breathtaking views.

Over the years, some of the biggest names in music, film, and business have set up their own tropical retreats across the islands.

From private islands in the Bahamas to cliffside estates in Barbados, these celebrity homes are among the best the Caribbean Islands have to offer, boasting supreme privacy, pristine beaches, and luxurious amenities fit for an A-lister.

Rihanna owns a beachside villa in her native Barbados

While she’s long been living in the US, the singer — and billionaire entrepreneur — has always maintained a home in her native Barbados.

Most recently, she purchased a $22 million beachside villa at One Sandy Lane, one of eight adjacent condos just down the street from the famous Sandy Lane Hotel (one of the most iconic luxury resorts in the world).

Sir Richard Branson’s private island in the British Virgin Islands

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Billionaire and Virgin Group chairman Richard Branson famously owns his own private island in the British Virgin Islands.

Named Necker Island, Branson’s property spans 74 acres and was purchased just a few years after the Virgin Group founder started his record label. He paid a modest $120,000 for the island, which was inhabited at the time. He then reportedly spent $10 million to turn it into a private island retreat.

Faith Hill and Tim McGraw spent millions on their Bahamian Island

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The country music power couple spent many years (and even more millions) to turn an Exuma island they bought in 2003 into a dream retreat — then listed the tropical paradise for a whopping $35 million in 2021.

Called Goat Cay, the nearly 20-acre island is anchored by a resort-like compound with a 6,517-square-foot main residence, two beaches, and hundreds of imported palm trees.

Nicholas Cage has a private island in the Exumas, too

The National Treasure star also owns a small private island in the Exuma chain of the Bahamas, which he purchased in 2006 for $3 million.

The 30-acre island, called Leaf Cay, has three beaches and a small pond that could serve as a private harbor. It was floated on the market in recent years for $7.5 million. And seeing how many movies Nicholas Cage starred in lately, he’s not hurting for cash, so he probably decided to keep the island for himself.

Lenny Kravitz’s house in Eleuthera is an Airstream trailer

While he might spend the better part of his time living the farm life in Brazil (where he owns a massive 1,000-acre compound), Kravitz has deep connections to the Bahamas and owns property in the Eleuthera archipelago.

His grandfather was born on the island of Inagua, and Kravitz has often opened up about his favorite home away from home — an Airstream trailer on the Caribbean island of Eleuthera. He even rode out the pandemic lockdown by hunkering down in his Airstream trailer on the island.

Shakira co-owns a private island alongside two other industry names

Back in 2005, Shakira launched a hit song alongside Spanish singer Alejandro Sanz, called La Tortura (a personal favorite to this day). But it turns out, that wasn’t the duo’s only collab; the two, alongside Pink Floyd’s Roger Waters, joined forces in 2011 to buy a $16 million island in the Bahamas known as Bonds Cay.

Their plan was to turn it into an eco-friendly, carbon-neutral, luxury destination meant to attract artists from all over the world.

Johnny Depp channels his inner Jack Sparrow at Little Hall’s Pond Cay

This is as close as I could get to Johnny Depp’s Island in the Bahamas, he’s got a nice spot, God Bless him.. pic.twitter.com/vUQOUutq7k

— Mr. Williams (@nerestaurants) January 11, 2015

The actor likely enjoyed playing Jack Sparrow so much that, soon after the first Pirates of the Caribbean movie was released, he purchased his own private island in the Bahamas, called Little Hall’s Pond Cay.

In 2004, the actor shelled out $3.6 million for the 45-acre island with 6 beaches and a posh ranch-style property — with jaw-dropping, 360-degree views of the island.

Leonardo DiCaprio owns a luxury eco-resort in the Belize

In 2005, fresh off his success portraying billionaire and aviation tycoon Howard Hughes, actor Leo DiCaprio splurged on a beautiful island in the Caribbean Sea.

Bought for $1.75 million, DiCaprio’s island is known as Blackadore Caye and sits right off the coast of Belize. Plans for the island included redeveloping it into a luxury eco-resort and fixing some of the biggest issues plaguing the formerly deserted island, including coastal erosion and illegal deforestation

Mariah Carey got married on her Windermere Island property

Dubbed Villa Sea Lily, the three-acre compound in Windermere Island — a small island in The Bahamas, off the coast of Eleuthera — undoubtedly holds a special place in Mariah Carey’s heart.

The Bahamas home is where the Queen of Christmas married former husband Nick Cannon, the father of her twins, Monroe and Moroccan. The 4,000-square-foot home (with an additional 3,500 square feet of covered terraces and marble walkways) has previously been listed for sale, but there’s no word on whether Carey ever ended up selling the home.

*Editor’s note: since the islands listed above don’t have Zillow pages or easily accessible public records, we couldn’t verify whether their famous owners have sold them in the meantime.

More stories

Prince’s Beach House in the Caribbean Finds New Owner, Changes Name to Emara Estate

A modern tropical retreat: Inside TOMS Shoes founder Blake Mycoskie’s house in Costa Rica

Home of the Week: The spectacular Manoir Voltaire, a $49M tropical paradise in St. Barts

Source: fancypantshomes.com

Apache is functioning normally

October 10, 2024 by Brett Tams

Beverly Hills may be home to some of the most expensive and opulent real estate in the world, but every now and then, we stumble upon a listing that trades luxury for character—and offers a glimpse into Beverly Hills’ vast cultural legacy, which more often than not takes a backseat to the Hollywood spotlight.

In the foothills of Benedict Canyon, tucked away on a knoll at the end of a cul-de-sac and surrounded by nature, we find a 1939-built rustic gem with all the charm of an English country house.

Steeped in art and fashion photography history, the charming rustic property was home to world-renowned surrealist photographer Melvin Sokolsky for more than 50 years. Now, two years after the famed photographer passed away, it’s being offered for sale for $6,999,000.

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