muddywatersrealty

Attention Real Estate Investors! Grow your Cash-on-Cash Return with 3 Simple Steps

Mon, 28 Dec 2020 14:30:08 GMT

When owning a rental property, it is only natural to expect a good return on your asset. Whether you have one rental property or own 20 rental properties, everyone wants to make money off of their investment. You may be frantically trying to sell, when your property may just need a few simple improvements to get the return you are hoping for.

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.

Landlord Approved Christmas Decorations

Mon, 21 Dec 2020 15:02:02 GMT

As Christmas is upon us, now is the time to think about decorating your rental home for the holidays! However, a rental home is one that must be maintained properly year-round, even during the holiday season. Listed below are a few do's and don'ts for decorating your home this Christmas.

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.

Stop Throwing Money Away - Hire a Property Management Company!

Mon, 14 Dec 2020 14:56:01 GMT

If you are like most investors, you may be fed up with constantly trying to keep a high quality tenant in your property. You are continually in a state of worry because your tenant can't pay rent on time and can’t take good care of your home. This may lead to hundreds, maybe even thousands, of dollars in turnover costs and legal fees. If you are tired of living in turmoil, it may be time to find a professional property management company to take care of your investment.

Listed below are a few benefits of using a property management company. If these don’t change your mind, give us a call to learn more!

1. We find high-quality tenants for your home.

We thoroughly screen each applicant before making a decision. We investigate an applicant’s credit report, income, criminal records, and rental history before approving them for a property. Having a qualified tenant leads to timely rent payments, long term residency, and minimal wear and tear on your property. We treat each property like it is one of our own, we only want high-quality tenants for each and every property we manage.

2. Less legal issues

Because we only want high-quality tenants, this typically leads to less legal issues. Forget about having to call the sheriff’s department to remove a tenant or spending hours of your time in court. No one wants to go through an eviction, we do everything in our power to avoid that process.

3. Short Vacancies

Because we are property management experts, we know how to rent your home fast. Our in-house maintenance team prepares your home for rent with high efficiency, making sure it is always ready for a new tenant. It is also crucial to determine the right price, and doing so requires expert knowledge of the industry. We thoroughly scan the rental market to make sure your home rents at the optimal rate.

If you are interested in learning more about our property management services, call us today at 662-536-3068 or visit our website at www.northmshomes.com.

Making a New Rental Feel Like Home for Christmas

Mon, 07 Dec 2020 14:17:11 GMT

Whether you are in a military family, transferring for a new job, or are just looking for a fresh start, being in a new home for Christmas can be hard when it doesn’t quite feel like home yet. Listed below are a few tips and tricks to turn your new home into a cozy place full of holiday cheer.

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!

How to Winterize Your Rental Property | 4 Steps for Mid-South Real Estate Investors

Sun, 25 Oct 2020 14:03:29 GMT

You may have noticed the days getting shorter, the mornings getting crisp, and talk of “pumpkin spice” this and “cranberry white chocolate” that. Well, winter is coming and the chilly air will soon make its way into your rental home, increasing your heating bills and creating an uncomfortable place for your tenants to stay.

If you would like to save money and take proper care of your investment home, now is the time to start thinking about winterizing; here is how to do so!

1. Check all windows and doors for drafts

WIndows and doors, especially in older homes, are prone to air leaks.

If you feel a draft, you may block the air by: weatherstripping or caulking around loose panes or gaps in the frame.

2. Check for gaps in the walls or ceiling

Use either expanding insulation foam or caulk to seal any holes.

This is great for keeping warm air in, and keeping out any rodents or bugs.

3. Remove all window AC units

Snow can collect on the unit and easily damage the system or

can create too much pressure for the window and cause it to break.

4. Insulate outside pipes

Outside pipes are at great risk for freezing, prevent this by

covering your pipes with insulating foam.

Finding the Perfect Property Management Company for Your Investments

Sun, 18 Oct 2020 12:32:56 GMT

Your rental property is a valuable asset. It is an investment that needs to be treated with care and assurance. With so many companies out there, how do you find a trustworthy property manager who will handle your property efficiently, effectively, and with exceptional service?

1 . Find a property manager who is transparent

Search for reviews and speak with current and former clients to get an idea of the operation. Next, call the property manager and get a better understanding of how they plan to serve your specific needs.

2. Find a full-service property manager with maintenance capabilities

Maintenance is typically one of the biggest expenses that a property owner will encounter. With that being said, it is very important that maintenance services are handled appropriately. A property management company with an in-house maintenance team, who gets a property ready quickly after turnover, and who handles maintenance issues with professionalism is a wonderful asset.

3. Find someone who specializes in property management

Don’t settle for real estate agents who just do property management on the side. Find a company who specializes in property management. Even better, look for a property manager who owns investment property themselves.

Muddy Waters Realty checks off on all three important qualities for an effective property management company. We have had the privilege of serving Mid-South real estate investors for over 5 years. We have an in-house maintenance team dedicated to making sure your home is always in the best condition. We specialize in property management services throughout North Mississippi and Memphis, TN. In addition, our team owns investment property themselves; treating a rental home like it is one of our own is the standard at Muddy Waters Realty.

5 Inexpensive Bathroom Updates to Spruce Up Your Rental Property

Mon, 12 Oct 2020 14:42:06 GMT

Many people may be convinced that the only way to raise rent on an investment property is to spend outrageous amounts of money on major renovations. Now sometimes, that is the case, especially if your investment home has not been updated since the 60’s. However, more often than not, a few simple upgrades are all it takes to add value and increase rent amounts on your rental property. Surprisingly, a great looking bathroom can make all the difference. Listed below are 5 inexpensive upgrades anyone can do!

1. Roll on a new coat of paint

A fresh coat of paint can make a big difference. Choose a light color to make the bathroom feel fresh and airy. A pale blue, light grey, or soft white color will do the trick!

2. Re-grout tile floors

Grout tiles begin to look dirty and gross after years of wear and tear. Cleaning the floors with bleach does not always work. Instead of ripping up the floors and laying new tile, simply re-grout the floors. All you will need is: grout, grout sealer, a grout removal tool, a grout float, and a damp sponge.

3. Install a new light fixture

A new light fixture can make a world of difference in a bathroom. For a modern look, try using a slim metal fixture above the vanity. For a rustic look, go with a statement piece with wood and mesh.

4. Replace hardware

You do not have to buy a completely new vanity to spruce up an old bathroom. Replacing the hardware is a small trick to making a big difference.

Upgrade the Shower Head

Most renters will be disappointed if they see a small low-flow shower head in the bathroom. Surprise potential tenants with a dual-head shower head with a removable wand. This is an inexpensive way to add wonderful value to your home and make your bathroom feel like a peaceful spa to future tenants.

5. Upgrade the shower head

Mid-South Real Estate Investors | What You Need to Know About Evictions & COVID-19

Mon, 05 Oct 2020 13:03:53 GMT

New Update for Evictions in 2020

On September 4th, the Center for Disease Control and Prevention announced an executive order to temporarily halt residential evictions in an effort to protect the public health. However, this declaration is only for tenants who meet specific guidelines under the CDC. How will this affect your rental property?

What you need to know:

Under the CDC’s order, a tenant must present a signed copy of the declaration form to their landlord in an effort to avoid eviction. Each adult listed on the lease agreement must complete the CDC declaration form. Unless the CDC’s order is altered, the signed declaration form will interrupt an eviction up until the end of this year. With this being said, a tenant is still required to pay for any accrued rent and follow all other terms of their lease agreement. A tenant may still be evicted for other lease violations other than late rental payments.

Who is covered?

Tenants who have used their best effort to acquire all available government housing/payment assistance.
Tenants who expect to bring home no more than $99,000 in annual income for 2020 (or ($198,000 if filed jointly).
Tenants who are unable to pay rent due to a substantial loss in income.
Tenants who are using their best effort to make timely partial rental payments.
Tenants who would likely become homeless if evicted.

For more information, please find a copy of the CDC's order attached.