What is Cash-On-Cash Return? Cash-on-Cash return is considered one of the most important return on investment calculations in real estate. Cash-on-cash return measures the cash income earned relative to the cash invested in the property. This is important because it is vitally important to get back what you put into a rental property, this is exactly why it is called an investment. How to Boost your Cash-on-Cash Return 1. Take a look at your investment property The answer to growing a larger cash-on-cash return may be right in front of you- and it may be easier than you think! Simple improvements can go a long way in increasing the value of your property. Apply a fresh coat of paint, or put up a privacy fence in the backyard. When you are ready to tackle a little larger project, have a new roof installed or upgrade the HVAC system. Even simple amenities like a smart home thermostat can add value. 2. Avoid turnover costs It is very important to thoroughly screen tenants before approving them for a home. Verify their income, conduct a credit screening report, and check their rental history. 3. Team up with the neighbors Improving the neighbrohood can make a huge difference in your investment property. Team up with neighbors to fix up an old community playground. You could also organize fun community events such as a neighborhood yard sale.
Don't overload an outlet! Plugging too many things into one outlet can cause serious electrical issues, and may even cause a fire. For regular household outlets, never plug more than two appliances in, and each outlet under 1,500 watts. Only use an outlet designed for multiple plugs, and know the amount of power you are placing on a circuit. Get a natural tree! Putting up a natural tree has held tradition for many families all across the nation. They smell great, and truly embody the holiday season. However, natural trees can shed needles and leak sap. Be sure to keep an eye on your tree and maintain it regularly while it is up. Keep an eye on candles! Holiday scented candles are a big trend during Christmas, but they can also be a safety hazard. Be sure to display your candles on a solid surface so that it may not fall down. Also be sure to always blow out candles before leaving the home. You may want to consider safer alternatives, such as a diffuser. Some landlords will not allow candles at all in a rental home, always be sure to check your lease agreement beforehand.
Step 1. Set out pictures of family and friends! Even if you are unable to gather with a large group of friends or family this year, take time to ponder on the great memories you share with your loved ones by looking through old photos. May these memories flood you with happiness and joy as you settle into your new place. Step 2. Get in the kitchen! Some of the best holiday memories are made in the kitchen. Break out an old family recipe or start your own tradition with a new holiday meal. Invite your children to join along and let the fun begin! After all, a new house is not a home until the first meal is made. Step 3. Movie night! Pop some popcorn, throw on some festive holiday pajamas, and enjoy your favorite Christmas movie! Have the kids make a large pallet full of pillows on the ground and soak up every moment while you can. Christmas is a time of joy and peace! No matter what season of life you are in this year, make the most of this holiday season! From all of us at Muddy Waters Realty, we wish you a very Merry Christmas!
