UNDERSTOOD. YOU’RE A LITTLE CONDUSED AND A LOT APPREHENSIVE.
You’re thinking about renting your property, but you’re not sure. Everyone you talk to says renting your property is a good way to “diversify”, but what does that mean? What about the downsides? What happens if a tenant doesn’t pay? Does that happen often? Is my property good enough to rent? Will I be able to cover my mortgage? There are many good reasons to invest in real estate long-term and many good reasons to divest (sell). At Boomtown we treat property owners as long-term partners and ALWAYS offer impartial advice.
Investment Property Transition
Should I refinance now or after a tenant is in place? Are my HOA fees tax deductible? What’s depreciation and why do my real estate investor friends love it so much? Should I move my property into an LLC? What kind of insurance do I need? Do I need more insurance? Should I change my locks? What kind of paint do you recommend? Transitioning your property has impacts on everything from taxes and insurance to mortgage loans and locksets. We’ve developed best practices to advise on all these questions and others you’ve probably not even thought of yet. How do you shutoff water in an emergency? How to do you shutoff water to your fire suppression system in an emergency? How do you shutoff water to your outside spigots? Do you have frost-free spigots? Does it matter? How do you reset a circuit breaker? How do you reset a GFCI circuit? How do you know when you’ve tripped a GFCI circuit? Do you have HVAC dampers in your home? How do you use them? Where are they? What are the model numbers for your appliances? Why does it matter? How do you reset a garbage disposer? And finally, how do you instruct your tenant on all these things? (and more) You can rely on Boomtown as your guide.
2x Inspections Each Year (w/pics)
That’s right, twice a year! No extra cost, no hidden fees – two inspections a year. This property is your baby. You probably still text your old neighbors. This house was your home and now you want to make sure it’s cared for – we gotcha covered. Twice a year we perform maintenance inspections on each of our homes and provide each owner with a copy of the report and pictures.
Detailed Accounting and Financial Reporting
Don’t like accounting? You’re not alone. Even accountants don’t like accounting – but we do! 100% of your property income and expense transactions are accounted for in real time and all accounts reconciled each month. You’ll be provided an easy-to-understand owner statement showing all income and expenses monthly. Still have questions? No problem, our team is committed to returning all owner inquiries in less than 24 hours!
