Washington County Weekend Post e-edition
Issue link: https://www.ifoldsflip.com/i/102283
to prospective tenants, and the unit should be vacant for only one month before new tenants move in. Anything longer than a month and you're losing money you don't have to lose. there may not be a yard to entice renters if you purchased an apartment complex, curb appeal can apply to an apartment's interior. One of the more notable eye-catchers to prospective renters (Continued on page 8) * Upgrade appliances. Renters are just as likely to fall in love with curb appeal as buyers are. While * Carefully vet prospective tenants. One of the easiest ways a property can fall into disrepair is to allow bad tenants to move into the building. It's understandable that investors want to get a building occupied as quickly as possible so they can use tenants' rents to pay for the property . But bad tenants can cause damage to the property, and their behavior might encourage reliable fellow tenants to find a new living situation. When looking to fill a vacancy, establish a minimum income requirement for prospective tenants and ask applicants to produce proof of income and references from past landlords. This increases the chances you will find a respectful tenant who's fully capable of paying their rent on time. tenants and the vacant unit did not suffer significant damage while the previous tenants were living there. A unit with just minor wear and tear should take one week or less to get ready to show * Work quickly Few . people want to rent forever, so expect significant turnover, especially if your investment property is a larger complex with multiple dwellings. If you aren't working with a property management company, an easy way to maximize your profits on an investment property is to work quickly when turning apartments over after a tenant moves out. This includes painting and cleaning the apartment, and the process should go smoothly if you properly vetted Free $40 Wal-Mart gi ft card with signed leas e IMMEDIATE OPENINGS Jackson Bay Senior Apts. Jackson, WI Low to moderate income elderly, handicapped/disabled. 229870001 ments, readying them for showing and renting them to new tenants. Perhaps the biggest advantage to working with an effective property management firm is the likelihood that they will turn over the vacant apartment quickly, ensuring you aren't losing money when tenants move out. 230016002 Turning over a unit when a tenant moves out should take no more than a week. CALL NOW!! 608-348-7755 Certain Income Restrictions Apply Equal Housing Opportunity Ozaukee and Washington Counties Mortgage Market A Survey of Ozaukee & Washington Counties competitive mortgage rates. Participants pay a fee to be included in this feature. Kohler Credit Union (262) 268-7240 RATE 2 .99 3.25 2..75 3.127 3.25 PROGRAM PTS/APP Fees 9 mon. Const 0/$350 30 yr. Fixed 0/$350 15 yr. Fixed 0/$350 FHA 0/$350 5/1 ARM 0/$350 % DOWN 20% 5.00% 5% 3.5% 3% APR/LOAN AMT. 2 .99/150,000 3 .294/100,000 2.83/100,000 3.835/100,000 2..248/100,000* *Down payment may come from gift for qualified borrowers Now 24 hour mortgage application access through our Website WWW.Kohlercu.com. $150 closing cost credit for Web applications. Credit Union Membership open to all who live or work in Ozaukee and Washington Counties. Last update 11/7/12 Dan Bogart 262-268-7240 Ext 2604 or 888-528-2595 Ext 2604 Assured Mortgage, Inc. (262) 754-4024 RATE 3.375 2.750 2.625 3.250 3.250 3.250 3.500 PROGRAM PTS/APP Fees 30 yr. Fixed 0/$425 15 yr. Fixed 0/$425 5/1 ARM 0/$425 30 yr. USDA 0/$425 30 yr. FHA 0/$490 30 yr. VA 0/$425 30 yr. WHEDA 0/$425 % DOWN 5% 5% 10% 10% 3.5% 0% 3% LOCK 45 days 45 days 45 days 45 days 45 days 45 days 45 days Now offering APR/LOAN AMT HARP 2.0 3.476/200k Loans. 2.971/200k Call us if you 2.410/200k owe more on 3.812/200k your house than 3.601/150k 3.529/150k what it is worth. 3.778/100k We may be 2375 W. Washington Street • West Bend, WI 53095 able to help. (262) 754-4024 • NMLS #262877 Last update 12/19/12 www.assuredmortgage.com Commerce State Bank (262) 247-2800 American Portfolio Mortgage (262) 306-6800 UNBEATABLE SERVICE RATE 3.25 3 ..25 2.75 2.750 3 ..250 RATE 3.25 2.625 3.375 PROGRAM 30 yr. 15 yr. WHEDA PTS/APP Fees 0/$395 0/$395 1.75/$395 Check for current rates % DOWN LOCK APR/LOAN AMT and/or 5% 45 days 3.322/$100,000 Apply online. 5% 3% 45 days 2 .754/$100,000 www.Commercestatebank.com 45 days 3.472/$100,000 1700 South Silverbrook Drive, West Bend, WI 53095 W61 N297 Washington Avenue, Cedarburg, WI 53012 Mortgage Officers: Doug Hall NMLS#779480, Brad Kuhn NMLS#856593, Amy Schmoldt NMLS#457083, or Tom Sloey NMLS#826254 PROGRAM PTS/APP Fees 30 yr. Fixed Conf . 0/$425 20 yr. Fixed Conf . 0/$425 15 yr. Fixed Conf . 0/$425 7 yr. ARM 0/$425 30 yr. USDA Purchase 0/$425 % DOWN 5% 5% 5% 10% 0% LOCK APR/LOAN AMT. 3.299/250,000 3.301/250,000 2.893/250,000 3.277/250,000 3.391/200,000 45 days 45 days 45 days 45 days 45 days In most cases closing costs equal $0 for only .125%-.25% higher rate. New Government Program (HARP 2.0) allows for you to refinance regardless of your value. Call to see if you qualify. EQUAL HOUSING OPPORTUNITY Last update 1/03/13 www.Commercestatebank.com Member FDIC Last update 12/05/12 Brian Riley • (262) 306-6800 1 - 6 - 13 • Washington County Real Estate • 7