Do you own an investment property? And if so have you raised your rent every year?

When I get hired by new clients or someone's thinking of hiring us, the topic of rent increases often comes up. I learn they have not raised their tenant's rent for a couple of years, 10 years in some cases because they "like the tenants". They think the tenants are "good people" so, they have not increased the rent. I quite often wonder, do the owners understand the impact on the value of their investment property by not raising the rent? I thought I would write a short article to walk you through the impact of not increasing rent.

Here is a simple explanation of what would happen over the next 10 years if you were to raise your rent versus not raising rent.

We know inflation in the United States is averaging about 2.5%. So at a minimum, over the next 10 years, you would expect rent to go up 25%. If you do not raise rent at all, you're going to lose 25% of your investment value over the next 10 years just due to inflation.

We also know that rent has been rising about 4% per year. In Philadelphia, we have been going up about 4%, but other markets like Seattle, Dallas, and San Francisco, are probably even higher. We have been typically advising our clients to raise their rent 4% to 5% per year.

This increase of 4% is largely a result of a large influx of renters over the last 10 years. A lot of people are no longer owning homes and have become renters. This trend will most likely continue over the next few years. Also, within the United States we have not been building enough apartments to keep up with the demand, so the result has been rising rents across the country.

So here is a quick example of the impact on the value of your investment property under three (3) different scenarios. Scenario 1 is no increase in rent, Scenario 2 is a 2.5% increase to keep up with inflation and the final scenario is increasing rents 4%. Here are the basic assumptions:

• Rent = $ 1000
• Building is valued at 100 times Rent – $ 100,000
• Impact of Rent Increases for the next 10 years

• No Rent Increase – Building worth $ 100,000

• Rent Increase 2.5% – Building worth $ 124,886

• Rent Increase 4.0% – Building worth $ 142,331

You have one investment property and the rent is $ 1,000 per month. The value of the investment property is 100 times the rent, or $ 100,000. If you do not raise your rent over the next 10 years, the value of your investment property is still $ 100,000 (100 times a $ 1000 rent). If you were to raise your rent just 2.5% to try to keep up with inflation, the value of your building is going to be approximately $ 125,000.

But if you were to raise your rent to 4% per year, which has been the average rent increase in the Philadelphia area, over the next 10 years your rents are going to go up 42%. The value of your investment property is going to increase by 42% over 10 years.

So, if you want to keep the value of your investment property as high as possibly simply raise your rents.

So, what is the impact of a 4% rent increase over 10 years? We now know it's 42% in terms of the value of your investment property.

Outlook?

Amenities?

Rental price?

Quick delivery?

The stink free unit would receive a good response!

We consider various factors to rent a porta potty for construction sites, workplace, wedding reception, birthday party and weekend party and many outdoor instances where the need of sanitation facility is essential for impermanent use. Hence, the lot of money spent every time to arrange the sanitation facility to ensure the safe way to access the restroom.

The tiny units were in news for a quite long time due to its odor smell, yet people prefer to rent one to suffice the need of restroom facility. Besides, the customers’ complains about the poor maintenance of the unit is commonly observed. But technically, the product is developed to limit the unhygienic activities and safeguard the sanitation usage. In that case, the blend of blue water in the holding tank can sustain the odor smell for a shorter time frame, and the frequent use without cleaning the unit causes intolerable atmosphere at inner space, it could result in an unconvincing user experience though. So we can say that lack of maintenance is the factual reason behind the aftermath incidents, and the timely cleaning is the best way to get rid of such consequences.

Thus, renting a suitable porta potty from the renowned vendor is imperative, and considering the basic sanitation guidelines to make a firm decision on your requirement is a sensible move. The days back then, the scenario of the rental process wasn’t complicated in contrast to the present circumstances; customers would pick the unit randomly without any worries. However, time is inevitable, so are user’s expectations and prerequisites. As a result, the preferences for selecting a porta-potty now have a different shape, and the below-mentioned points have received highest prominence to rent a suitable porta potty.

*Built quality of the unit

*Timely service

*Stink free ambiance

As a service provider perceptive, few are keen to provide the comfortable access to the customers to arrange the hassle-free sanitation facility for the various outdoor needs. So, providing the rental facility with timely cleaning service is the best way to suffice the customer requirement also it comes hand-in-hand for the long-term rental deals though. We could say that addition of cleaning service is a plus for the long run to give wide space to customer convenience; perhaps it is the gateway to enhance the long-term customer relationship.

“The happy customer is considered as a part of profit though.”

Are these points resembles the present scenario?

* Customers around the nation share a varied opinion about renting a porta potty. Few believe it’s essential, and others are hesitant to rent one due to its odor smell. On the other hand service providers are giving their best to give what customer needs

*A reasonable rental price and the nearby service aren’t receiving the same response as before, but the well-equipped hygiene friendly units are in demand

*The customer friendly rental process and the visibility in rental price have received the welcome sign, however clear ‘no’ to hidden charges

* Unit pick-up from the customer location ought to be handled in a safe way, whereas the inappropriate waste disposal is unacceptable. Thus customers are particular about the cleanness, and they prefer sanitation friendly service

Renting a porta potty for outdoor need is essential to give a space for hygiene practices, nevertheless, a viewpoint of the customer changes as per the requirement. If you are planning to rent a porta potty for any temporary need outdoors, then make sure the unit you have ordered will be delivered on time and in a ready to use condition. A right choice and the thoughtful decision would help you rent a porta potty; precisely the best one!

Have you ever wondered, why certain storefronts, and apartments, etc, seem to remain vacant, longer, than other similar ones, which might be owned by different owners/ landlords? Different owners seem to have differing philosophies, perspectives, and points of views, when it comes to key components, including: pricing; tenant quality; occupancy rates; and overall cash flow requirements, and priorities. Although, there is no such thing, as an iron – clad, way, to manage any particular property, this article will attempt to briefly, consider, examine, review, and discuss, some of the options/ approaches, including advantages and disadvantages, and other considerations.

1. Pricing: Whenever a property, either residential, or commercial, becomes available/ vacant, the specific owner, must make many decisions, about the best way to proceed. Perhaps, one of key considerations, is about pricing it. It seems, many owners, especially those owning commercial buildings/ storefronts, decide to ask as high a price, as they believe, they can. Because of this, we often witness, larger turnovers in some locations, than others. What is often confusing, is, why they don’t realize, or seem to care, that, every month, it remains vacant, means it takes, many months, or longer, to make up, that loss of rental income. Some believe, it is important to proceed this way, because, it will set the level of future rents, and although, this may, perhaps, be true, it only will, if they don’t constantly experience turnover, and prolonged periods of vacancy! This is even more true, when it comes to residential properties. My wife and I own several residential units, and, are pleased, we have amongst, the lowest turnover and vacancy rates. We would rather price these units, more conservatively, and lower, and maintain high quality, dependable tenants!

2. Tenant quality: One of the costliest parts of owning real estate, is, every time, we need, to find a new tenant. Doing so, often, requires additional fees, marketing expenses, maintenance/ repairs/ renovations, and time/ hassle! If you find reliable tenants, doesn’t it make sense, to try to find common ground, and a meeting – of – the – minds, to keep them?

3. Occupancy: Those who maximize their occupancy rates, often enjoy far less stress and hassle. Carefully considering the two factors, above, is a significant factor, in your best interests!

4. Cash flow: Owning income property, produces the least amount of stress, tension and hassle, and, generally the best results, when there is the best possible focus on maintaining the necessary cash flow, to cover monthly expenses, etc.

Being a landlord, might, either be extremely profitable, or a nightmare. Focus on the bigger picture, don’t be greedy, cherish quality tenants, etc, and you will maximize your possibilities, in the longer – term.

Barbados wears the crown of being a surfer’s paradise. You as a visitor will be fallen in love when you have got the opportunity to walk for miles along beautiful and unbroken white sand beaches. The availability of countless beaches makes a reason to entice many visitors from all across the world to come there and enjoy the scenic beauty of this beautiful location. Finely ground coral forming a clean fine grain is a major ingredient used in the making of beaches spreading all across this coral island.

Apart from this, there are various other reasons that compel individuals and families to visit this wonderful island again and again. Here it’s also easy to find out a number of properties that include all classy amenities and comforts that are enough to assist people to enjoy an unforgettable holiday.

While looking for the quality Barbados apartments for rent, it is advisable to approach a right kind of company which will do all on your behalf. The factors that you need to be taken into account while going for the property on rent are many, and understanding them actually gives an insight to what ways can satisfy them.

For some individuals, choosing the affordable property is, of course, the most important thing. However, rich may one is, the worth of a spending always matters. Even a business tycoon wants to get the value of each penny back for full satisfaction. Thus, you have to look at the basic as well as value added amenities that are required by such individuals while searching the best apartments for rent Barbados.

Among the primary factors come the comfort and convenience of the family. Check out the availability of medical facilities in the proximity. The availability of malls and business centers also are very important. The bit of nature, which is very important, in the form of parks and sea coasts are also much sought after.

Many exotic locations have developed quality apartments for rent in Barbados across the region to allure such rent seekers. Here, among the gamut of luxury apartment to rent Barbados that has gained immense popularity owing to their high demand from among the top classes of the society worldwide.

These unique locations house in almost all that is needed for a peaceful living. They have the medical amenities available inside, besides housing in commercial centers at a number of nearby locations. These places also have the facilities of bars, restaurants and fine dining spots.

Being a visitor, you will also have a plenty of holiday apartments in Barbados. Each of the apartments are spread on a huge area square meters. There are more than one vantage point to look at the various colors of the sea at various times of the day and night from inside the house. The international airport is only a few minutes away, making it easy for the corporate honchos living here to not miss a minute of their busy schedule, besides enjoying the fun of nature and drawing closer to it.

People who do not rent cars often from rental car companies are not always aware of how their driving record will affect their ability to rent a car, or if it will matter at all. When renting a car, it is a good idea to check with the rental car company to inquire about any disclosures or specific rules they may have about your ability to rent a car and your driving record. Some rental car companies will check with the Motor Vehicle Department to ask for a copy of your driving record. In order for them to do this, you often must submit a written form of permission for them to gain access to this information.

Rental car companies each have their own regulations and requirements that must be met in order for a person to rent a car. Some rental car companies will check a person’s driving record the first time a person rents a car from them. After the first time, if the car is returned in good condition and there were no collisions or fender benders in which the car renter was responsible, the driving record is generally not checked again by the same company unless a significant amount of time has passed before the next time the person rents a car from the company.

If you have a less than stable and perfect driving record, it is possible that you may be charged a higher fee for renting a car. Some car rental companies specialize in renting cars to drivers who have had accidents and speeding tickets in the past. Drinking and driving offenses are not always overlooked by car rental companies; and depending on the offense and how long it has been since it occurred, this could prevent you from being able to rent a car, even if you do have a valid driver’s license.

You may also face the possibility of not being given the option for insurance on the rental car and will be required to pay for the rental car insurance if your record of driving has been an unstable one. Speeding tickets, drinking and driving, collisions, reckless driving tickets, and fender benders all put a negative smear on your driving record. While these tickets and offenses may not necessarily prevent you from being able to rent a car, it can make it more expensive to do so.

Taking a driving class will help to put positive marks on your driving record and this can make all future car rentals and auto insurance prices more affordable for you. Researching several different auto rental companies and making price comparisons for high risk drivers can help you to find the best deals. You may simply need to put down a larger deposit than someone who has a good driving record. These deposits are refundable if there are no accidents while you rented the vehicle and if you return the vehicle in the same condition that it was rented.

Although, owning a home, of your own, is often considered, a basic component, of the so – called, American Dream, it may not be, for everyone, for a wide variety of reasons! Are you the right person, to be a homeowner, or, better suited, to rent? Would home ownership, be beneficial to you, personally, financially, emotionally, etc, or, would you be overwhelmed, and stressed, by some of the necessary responsibilities? How about the financial aspects, and related, stresses, and strains? With that in mind, this article will attempt to, briefly, consider, examine, review, and discuss, some of the relevant factors, involved, and how, it is wise, to proceed, with one’s eyes – wide – open.

1. Financial considerations: How much have you saved, to date, and are you comfortable, and effective, and saving, on a consistent, regular basis? Are you confident in your personal job security, and do you, anticipate, a consistent growth, in your earning power? Do you truly, know, and understand, what will be needed, in terms of the necessary, down – payment, as well as regular monthly installments? What if there are some unanticipated expenses? Will you be prepared, to respond, in a seamless manner, which will minimize stress, etc?

2. Maintenance: When you own, you are responsible for the maintenance, and upkeep, of the interior and exterior of the property, and house, itself. Will you feel comfortable, either doing this, yourself, or have the financial ability, to have someone, qualified, able, and capable, to do so, for you, when needed? Others prefer to rent, because, either they don’t want or feel comfortable with these responsibilities, or are overwhelmed, by them?

3. Pay rent to others, versus, investing in yourself: Some may consider it, somewhat, obvious, that it is, financially, beneficial, to own, and have, at least, a considerable amount of your monthly payments, build equity, as opposed to renting. However, others, despite this, lack the confidence, in knowing their future plans, or fear, the ramifications, of perceived, job insecurity! Where do you fall, along this spectrum?

4. How long do you plan on living there?: If someone anticipates, or is uncertain of, their future plans, in terms of, where they will work, or what they might prefer, renting may be an option, to seriously consider. However, others believe, since, historically, real estate has been, a good hedge, against economic inflation, etc, it might make sense, to purchase, instead!

The reality is, there is no such thing, as one – size – fits – all, when it comes to deciding whether owning or renting, is best, for them. Since, for most of us, our house represents our single – largest, financial asset, doesn’t it make sense, to do, some, quality, well – considered, homework?

Many people appear, to automatically, believe, people, who rent a place to live, aren’t able to afford, to buy a home. However, many individuals, don’t want to own a house (prefer to rent), for a variety of other reasons. This may be, because they are uncertain of how long, they will live in a specific area, whether they will enjoy the particular neighborhood, aren’t comfortable with the unknowns of home – ownership, or don’t want the responsibilities, etc. With that in mind, this article will briefly attempt to consider, examine, review and discuss, some of these reasons and considerations.

1. How long will they live somewhere? Therefore, renting, rather than owning, makes a lot of sense, because, there is no need, to make a definitive, longer – term, decision, and, when one rents, he is, able to be more secure, because the risks, are minimized.

2. Will they enjoy the particular neighborhood? Many believe, it’s nearly impossible, to know, in advance, if he might enjoy any particular neighborhood, until/ unless, he resides there, first! Will the neighborhood meet their needs, in terms of happiness, fulfillment, convenience to transportation, entertainment, dining, conveniences, etc? How will you know, if you’ll like the neighbors, unless you feel comfortable, etc?

3. The unknowns of home ownership: Will you be prepared for the associated responsibilities, of owning a home? When you rent, if there’s a problem, you contact your landlord, and most things, are his responsibility, instead of yours. Most homeowners are not necessarily, handy, and, therefore, must hire a professional, such as a plumber, roofer, heating specialist, electrician, etc. These are often costly, inconvenient, and even stressful, and many, don’t appear, ready, willing, and/ or able, to feel comfortable, with these responsibilities. For some, therefore, renting, makes a lot more sense, than owning!

While many believe, home ownership, is an essential component of the American Dream, this is not, what’s best, for some. This explains, perhaps, why we have witnessed, an increase in luxury rentals, in recent days, and, why, with the escalating costs of home ownership, it might suit certain people’s aims, into the future.

Have you ever wondered, why, we so often, see many empty store – fronts, immediately next door, to, fully occupied buildings? Why do some landlords, have far more tenant – turnover, and vacant apartments, than others? For the sake of this article, we will assume, all other things/ features, are similar/ equal, etc, so, we might fully examine, 4 basic considerations, a particular landlord’s rent philosophies, often impact. Owning investment property, can, either be, financially, smart, and valuable, or, a, potentially, risky proposition. This article will attempt to, briefly, consider, examine, review, and discuss, some things to consider, and evaluate.

1. Pricing: Some owners decide, their best strategy, is, to price, their rentals, as high, as possible, while others, prioritize the quality of tenants, etc, and might price, somewhat, lower. I have witnessed, stores, in great locations, remain empty, for prolonged periods, because, of the rents, while others, rarely are vacant! Proponents of the first philosophy, usually, proclaim, they do so, because of their belief, in the longer – term, future rent – rolls, will remain higher, by doing so. However, for example, if a store, charging $3,000 per month, remains empty for a year, how long, and how much higher must be charged, to make back, that $36,000 per year? Residential landlords, also have the option of pricing, at the highest – end, the middle of the market, or towards the lower end. If gouging tenants, is one’s goal, they must understand, it generally brings, more turnover, and eventual loss of rentals/ increased vacancies. A reality is, every time, an apartment, turns – over (one tenant leaves and another begins tenancy), becomes a significant expense for the owner!

2. Tenant quality: How valuable is the quality of a tenant? Wouldn’t you prefer quality tenants, who pay their rents, on – time, are reasonable, have good quality character, and take care, of your property? As an owner of several rental units, I have come, to realize, my ownership is far less stressful, than those, who only focus on getting, the highest rents!

3. Occupancy: When there is little turnover, and you maintain, near – full, occupancy, you will generally, have less stress, from being a landlord!

4. Cash flow: Calculate your rents, based on, a combination of your fixed/ known costs/ expenses, plus reserves for unoccupied apartments, repairs, renovations, appliance replacements, etc. When this is done properly from the start, you will protect having a comfortable, positive cash flow!

If you want to own commercial property, proceed carefully, wisely, and in a prepared way. Consider your options, don’t be greedy, and proceed, accordingly!

Some people are hesitant to pay their rent online – why do this when they are used to paying the traditional way? Come to think of it, there are some benefits when paying rent online. Property owners are now offering online payment schemes to tenants, giving them an opportunity to manage their finances better, free themselves from stress, and improve their credit standing. Take a look at the following advantages:

Build Credit by means of Credit Reporting

Renters get several advantages from improving their credit standing. This can enable them to have a lower interest rate for car financing or big purchases, and will even help in buying a house someday. When they pay their monthly rent on a timely manner, which is likely their biggest recurring payment, this can have a positive effect on their credit standing.

However, there is no need for them to download an app or share their bank account details with another vendor. There is a more convenient way. Most property owners give the opportunity to report their rent payments directly when paying their rent online. They do not have to do anything else. This is a simple, secure and effective way to build their credit.

Minimize Stress by using Automated Recurring Payments

Online payment schemes see to it that tenants pay rent on time, build their credit score and avoid late charges by sending constant reminders through text and email. What’s even better is that most of these systems provide autopay options that can be set and forgotten. Autopay allows them to pay on time, every time and so, there will never be any late charges.

Maintain an Active Lifestyle using Mobile Payment Options

When renters receive the payment reminder via text while they are on the go, what should they do? It is as fast and easy as a click to pay online using a payment app or a mobile-friendly website. Majority of solutions allow payments anytime and anywhere, accommodating tenants wherever they are.

Avail more Flexible Payment Schemes, Such as Paypal

At times, renters have insufficient funds on a certain month, or may try to get a free airline ticket, but need more points on their credit card to get the miles. They can benefit from the flexibility offered by paying online. By using their credit card, they can add more points, set up bank withdrawals or use Paypal.

Lower the Chances of Theft and Check Fraud

A lot of personal and bank account details are printed on checks, which are easy to reproduce. Paying bills online minimizes the paper trail and risk of having a check or information on it stolen.

Have Easy Access to Payment History

Among the best advantages of paying online, which is often overlooked, is the visibility and accessibility of payment history. Renters can log in whenever they want to see their current bill and payment records in actual time. They can get their payment information anytime and anywhere.

Paying rent by means of online bill pay option saves a lot of time and effort, while giving additional benefits – such as credit reporting. If some renters have not tried this payment scheme yet, it is about time to benefit from it.

Nowadays, the fast Wi-fi connection plus the introduction of new mobile apps have enabled people to pay their bills online, and to schedule appointments as well. Tenants use the same technology to pay rent on time and manage their funds. Paying online anytime and anywhere has become the new standard.

Property owners should take online rent payment services into consideration. Their business will benefit from it – just like tenants do. Here are the main benefits that they can receive when they let their tenants pay rent online:

Improved customer service

Instead of collecting rent personally and processing the check payments, they can have more time to focus on their marketing efforts and improve their relations with tenants. This is a way of improving their relationship with the customers, and also a way of providing them with better services.

Controlled management costs

Collecting rent online reduces the expenses related to managing properties. A landlord will be able to reduce operational costs and maintain a low property management fee. This will benefit many property owners.

Decreased number of past due accounts

There are different online payment options, such as PayPal, credit card and eCheck, so there will be a significant reduction in terms of late payments. In addition, tenants get reminders via text or email when the rent is due or fast approaching, prompting an immediate payment, if the system is in an optimized mobile device.

Faster dispute resolution and audit track

Rent that is paid online has digital paper trails. So, when a tenant claims that he paid online, the property owner can confirm or refute the claim by accessing the system. The fully integrated software for property management will allow owners to view the late charges, update the owner system and track split payments automatically.

It is safer for them to process rent payments and owner disbursements since personal details are not compromised. Their accountants can get a snapshot of tenants that have paid to enable well-informed financial resolutions.

It is Easy to Stay Organized

When money goes from one hand to another, a higher degree of organization is needed. When more tenants and properties are involved, there is a higher probability of committing errors.

Even when managing one or two properties, collection of rent checks on a monthly basis involves communication and organization to make sure that the payment is received in a well-timed manner. Errors, however small they are, could be disastrous when they are caused by arguments wherein the landlord and tenant insist that they are the wronged party.

Added security

Online rent payment eliminates the risks that come with cash payments. Furthermore, the insurance company will most likely lower coverage when there is less cash on-site.

In the recent years, many landlords are getting to be more comfortable with online transactions. It is about time for those who have not tried online payment services to consider them so they can save time, reduce costs and improve cash flow.