Summer is a great time to work in the yard!
As a renter OR an owner, whether you do it yourself or hire a landscaping company to do the work, keeping up with the lawn and landscaping in a way that is easy and cost-effective will only add to your happiness with your property. Here are some ideas to get your summer planting adventure going!
If you are renting, find out if you are responsible for the yard or if the owner or the property manager has a landscaping company lined up. Even if someone is coming to mow, however, you should still stay on top of the watering to maintain a beautiful place.
Landscapers agree the best time to water your yard is during the early morning hours. Watering in the morning gives the roots a chance to absorb the moisture before the temperatures get so warm that the water just evaporates. Afternoon watering not only runs the risk of the moisture evaporating, but some grasses go dormant in the warmer hours, so the water winds up wasted either way. Watering in the evening hours runs the risk of damp grass breeding fungus overnight. And a good long watering every few days can be more effective than frequent light waterings.
Regular mowing on the right settings makes a big difference in how your yard may thrive. Cutting short might reduce the frequency of mows, but it damages the grass and you can wind up with a brown yard. Mowing on a regular schedule at 2 inches to 4 inches can easily maintain a healthy yard.
Trim those shrubs
Whether you are a renter or an owner, on your own or with the help of a management company and/or a landscaping company, you’ll want to pay close attention to bushes or vines that hug your home because they can invite termites and other insects and vermin. To help prevent them from inviting unwanted critters or even interfering with a/c units or trapping moisture against the house and foundation, you’ll want to keep an eye on bushes, vines, and shrubs and make sure they are neatly trimmed.
Brighten things with flowers
If you are given the green light to plant, plant away! If there are restrictions, turn to container planting. And if you are an owner you’ll want to hear this tip for your plans! Perennials really bring the bang for the buck. Plant them once, and these beautiful and hardy plants will bloom year after year adding your touch to your home. Perennials can also be used to control the lawn or garden border and prevent soil erosion. And when it comes to choosing your variety, a garden can always include low-maintenance evergreens and other bushes. Shrubs like boxwood, hydrangeas, and spirea will help you build an attractive, low-maintenance garden. Living in North Texas it is also prudent to consider drought-tolerant plants that can tolerate the Texas heat, conserve water, and are low-maintenance.
Low-maintenance landscaping and a little investment in a few key elements will keep costs low and make the property more attractive. In some cases renters will even pay more to rent a well-landscaped home. Many rental property owners, however, don’t think of landscaping as an investment but instead view it as a necessary nuisance. The reality is, though, that most tenants will expect/hope that a property be attractive. And on the flip-side, most owners will expect/hope the tenants will maintain the attractiveness of the property.
Don’t want to do all the work? You don’t have to. It’s just as easy (possibly easier) to set up a rotation with a landscaping company or to have your property manager handle landscaping (especially if your management company is also handling all other maintenance). Your property management company most likely has a standing relationship with a lawn care vendor who could give you a good price for the work. For a little extra in, you save a lot of time, energy, and effort, especially if yard work isn’t your thing.
Enjoy your beautiful yards in the summer sun!
Buy and Hold Real Estate: being a property owner on an investment property can produce income and long-term capital appreciation.
- Buying property and holding on to it as a long-term investment can yield real life-changing money. Most other investments offer either a consistent return (i.e. annuities) or the potential for equity appreciation (i.e. stocks). Real estate offers both. Good buy and hold investments offer positive cash flow from rent(s) that not only offset expenses and debt, but also provide a monthly income.
- An asset makes you money, and by renting your home you turn it into an asset. And if the investment property carries a mortgage, the cash flow allows an investor to pay back that mortgage without spending any of their own money. Instead, the tenant pays for it.
- Rental property values (hopefully) will climb over time, and if the property rents for more than monthly expenses there will be additional monthly cash flow. That’s the goal!
- Many real estate investors and owners start their path to financial growth renting out their homes as they upgrade to bigger or better houses. This may also help fund retirement – by acquiring multiple properties over time, the cash flow on the rentals could provide monthly rental income by the time retirement rolls around.
- With Rental properties you can also borrow the bank’s or someone else’s money to increase the potential return. In other words, you don’t need to have 100 percent of a property’s purchase price on hand to be able to buy it. Rental properties also potentially allow owners and investors to buy properties for less cash than might be needed to purchase stocks or other investments.
- The real estate market will go up and down, but the beauty of rental properties is that demand will never end. People always need a place to live.
Having a Property Management Company helps deal with various issues and helps alleviate owner stress and responsibility.
- It is always good to have help in in case of unanticipated problems. Tenants don’t always pay rent on time, which can throw off your anticipated monthly cash flow. They also sometimes don’t take good care of a property, which means an added cost of repairing the property as needed. However, no matter what issues an owner might face your property management company is there every step. Usually contracted on a monthly fee basis, your property manager will:
- Work with you to make the property look its best for showing (including scheduling any repairs needed)
- Schedule and be responsible for all showings
- Advertise for, find, communicate with, and screen any potential tenants
- Run all credit and background checks and review and process the applications
- Finalize and sign the lease
- Use a convenient online portal to collect monthly rent from your tenant(s)
- Track all financials and ensure timely payments to owners
- Respond to maintenance requests and schedule and follow through with all repairs
- And also file evictions if needed
There are many ways to finance your new investment including
- Borrowing against the equity in your home. These types of loans tend to carry low interest rates and reasonable fees. (This also effectively makes you a cash buyer, which can make your offers more attractive to sellers.)
- Owner financing is often a way to buy an investment property with little or no money down.
Let us here at All County Metroplex Property Management know if we can help you in any way managing your new investment!