It’s here! As the Arctic blast covers us here in North Texas, here are some tips for protecting your home in the freezing weather!
- Guard those pipes! Not only is it good advice to keep faucets dripping so that the water moves and has less of an opportunity to freeze, but don’t forget to remove garden hoses from outdoor faucets and cover those outdoor faucets with a faucet cover!
- Use only the heater or the fireplace for a heat source.
- Keep lower cabinet doors open so heat may circulate around the pipes.
We here at All County Metroplex Property Management wish everyone a safe holiday season!
Whether you are an owner or a tenant, taking steps to help your Air Conditioner perform effectively and efficiently in the summer heat is always a good idea.
Start with these eight easy tips:
- Frequently Change the Filters
- Keep Rooms Closed When Possible
- Keep the Rooms Shady
- Use Ceiling Fans Along With the AC
- Keep Area Around the AC Unit Clear
- Keep Areas Around Intake Vents Clear
- Frequently Clean the Intake Vents
You can also greatly reduce the stress on your AC by using the “twenty degree rule.” While we might believe that cranking the thermostat on their air conditioner will result in cooler air blowing, there is a point at which pushing the unit further does not make the air cooler – it just uses more energy and costs more money. If it is 95 degrees outside and we set our thermostat to 70, we would be putting the AC system under considerable strain. Here is where the twenty degree rule comes into play!
The twenty degree rule states that you should always keep your AC unit at no more than 20 degrees lower than the outside temperature.
The logic has to do with how the AC unit functions. When the system starts cooling space, it removes the heat but also dehumidifies the air. When the system has to cool your home by over 20 degrees, its ability to do both remove the heat AND dehumidify the air diminishes. As a result, your AC system has to work harder and use more energy. This leads to faster wear and tear, can drastically reduce the lifespan of the unit, and can lead to more immediate problems like the unit “freezing” or completely going out. That risk is not good for anyone, especially here in the Texas heat. The twenty degree rule is an excellent way to help your AC unit run smoothly and at peak efficiency.
So let’s remember to keep the AC unit at no more than 20 degrees lower than the outside temperature.
Given the record highs we are experiencing here in North Texas, you may also consider these additional steps:
- Setting the thermostat higher and letting the unit rest while you are away from the house will reduce strain on the AC unit.
- Bathing and laundry can generate heat during the day. Complete these tasks during cooler times in the evening and morning.
- Close doors to rooms you are not using. Also reduce the times outside doors are opened.
- Keep windows covered.
- Vacuum floor and wall registers. Get rid of dust buildup.
- Make sure your ceiling fans are rotating counterclockwise. This pushes cool air down.
- If you need to use an oven or stovetop, briefly use the oven hood to remove some of the heat.
- Furniture should not block registers and vents.
Here at All County Metroplex Property Management, we are dedicated to helping owners efficiently manage investment and rental property. We are also dedicated to the comfort of our wonderful tenants.
If you have any investment or rental property needs, please don’t hesitate to call us at 469-405-7200.
We wish everyone a a safe and happy summer!
As the owner of a rental investment property, every now and then you may want to squeeze in some renovating. Timing is key! A good time, for example, might be right after a tenant moves out (if the window is large enough before a new tenant move-in).
As you plan and brainstorm any renovation, you will want to first create a cost-benefit analysis before starting any work. When you compare the projected or estimated costs and benefits (or opportunities) associated with a project, it makes it a little easier to decide which choices make the best sense for your property from a business perspective.
If you have a rental/investment property in North Texas and are looking for someone to help ease the work load, give us a ring at 469-405-7200.
Our team at All County Metroplex Property Management would love to chat about managing your rental property for you so you can relax and enjoy your investment!
Season’s Greetings from your friends at All County Metroplex!
All County Metroplex is proud to support our North Texas communities throughout the year. As we head into the holidays, your team here at All County Metroplex is helping narrow the food gap and address hunger relief for children, seniors, and families in need through a company donation to The North Texas Food Bank.
The North Texas Food Bank right here in Plano, TX, is a certified member of Feeding America’s Food Bank Network, the nation’s largest domestic hunger relief organization.
Focusing on providing nutritious food to the communities it serves, our North Texas Food Bank distributes items to area food pantries, soup kitchens, homeless shelters, and other programs that serve people in need. In 2021, The North Texas Food Bank provided over 120 million meals and over 30 million pounds of fresh produce to kids, seniors, and families in need.
All County Metroplex is proud to support this incredible work that helps so many across our communities.
If you would like to join us in donating to our North Texas Food Bank, click here.
Wishing you the Happiest Holiday Season from everyone at All County Metroplex.
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!