Recently in Rentals Category

Local housing prices appear to the have stabilized at the current time, if not edged up slightly due to the high volume of active buyers and low inventory.   A few homeowners that want to sell may be able to take advantage of this scenario, but many others still owe more on their mortgage than the market can bear and will not be able to successfully sell for quite some time.   But don't give up hope, considering RENTING!   The good news is that the pool of high quality rental tenants has never been better, plus homeowners and investors are receiving top rental rates!  Property Managers have more qualified tenants than available properties, creating a rental property shortage.

If you would like to explore the option of renting your home, or are a property investor, call Acuity Group.  We can assist you with all of your rental and property management needs! Our professional services include:  rental property intake,  marketing, screening, placement, doc preparation, monthly management, rent collection,  24 hour emergency call center, electronic payment options, rental licensing and year- end  tax prep.    To learn more or to request additional information about renting your home, visit our website:  www.ACGProperty.com  & click on "Rent Your Home" tab.

A "good real estate investment" can mean different things to different people. For this article, the definition of a good real estate investment is:  A real estate ownership interest, whether a personal residence or rental property, that increases one's net wealth by a fair rate of return on their invested cash equity; for the corresponding amount of risk they are taking by owning a relatively high risk asset.

What that means is that if you are going to put your invested cash equity into real estate, your net worth should improve by a greater amount than if you invested in a similarly risky asset. And "invested cash equity" isn't the property price; it is how much cash you took from your bank account to acquire the property minus down payment, plus closing costs, plus rehabilitation costs.

Realize a lot of things can go wrong with real estate ownership, so you had better get a fairly high return on your invested cash equity for it to be a "good deal". So you ask, how would one figure that out?

For investment properties

Your returns are part cash flows and part appreciation in value. For example, if your property rental income minus expenses produced $250 per month positive ($3,000 per year); and your invested cash equity was $50,000, that's a cash on cash return of 6.00% ($3,000/$50,000). And that is a pretty good deal in real estate.

To add to that, let's say you project net appreciation in value contributing an extra 1.0% or 2.0% return per year (after subtracting your projected estimated costs of capital repairs and improvements). Summing the cash flows and net appreciation could equal about a 8% to 10%+ projected return per year on a long term basis; and if you achieve those numbers..... this is a good real estate investment!

Some investment properties don't cut it! Most high end properties, where the net rental income is very low compared to the purchase price, usually have projected negative cash on cash returns. So if you buy a property with negative (4.0%) cash on cash returns, even if it appreciates 2.0% per year, you are typically at a 0.0%, or worse, return on your equity cash investment. And that isn't a deal most experienced investors would go for.

For personal residences

You will also be putting down a large amount of cash equity and the calculations are really a little more complicated and difficult because you need to look at how much you are paying in housing expense versus how much that amount would be if you were just renting someone else's property. So the overall question again is, "Is your wealth going to improve by owning the property?"

As a general rule, if you are not planning to own it for at least five years you will most likely not be adding to your wealth. Any appreciation in value will not compensate for the 8.0% to 10.0% transaction costs on the buying and selling of your property. And even worse, the monthly ownership expense is usually higher than if you just rented a similar property. Therefore, if you don't plan to own the property a long time, and the longer the better, you will probably do better renting and leaving the hassles and costs of ownership to a landlord.

So a good real estate investment is really one that will increase your net worth over time. The longer you own it, the better the chances for that appreciation in value and wealth building.

As proof positive on this, find someone who has owned real estate for 20, 30, 40 years and ask them what is a good real estate investment? It is generally easy to find them, they are retired, and living comfortably.

Author:  Stephanie Danielson, Broker & Short Sale Specialist (CDPE Certified)                            

Stephanie Direct:  612-242-8747 or stephanie@acgproperty.com

 

Acuity Group Specializes in Buyer/Seller transactions, Short Sales, Investment Property, Rentals and Property Management.   Located at 601 Main St. Elk River WWW.ACGPROPERTY.COM

 

Short Sale Experts, Consultants & Specialists serving the following Minnesota Cities:  Elk River MN, Zimmerman Minnesota, Big Lake MN, Rogers Minnesota, Otsego, MN, St. Michael Minnesota, Albertville MN, Princeton MN, Ramsey Minnesota, Anoka MN, Nowthen Minnesota, Monticello MN,  Otsego MN, Oak Grove MN, Burns Township Minnesota, Monticello MN, Champlin Minnesota, Dayton MN, Hassen Township Minnesota, Coon Rapids MN, Blaine Minnesota, Fridley MN, Oak Grove MN, St. Francis Minnesota, Livonia Township MN, Andover MN, Becker Minnesota, Baldwin Township MN, Orrock Township, Minnetonka, Chanhassen, Chaska, Excelsior, Wayzata, Plymouth, Maple Grove, Golden Valley, St. Louis Park, Hopkins, Edina, Eden Prairie, Crystal, New Hope, Bloomington

 

 

 

Oak Grove, Minnesota area has been a popular area for tenants seeking residential rentals. Acuity Group has many pre-screened tenant prospects that are seeking a home to rent in Oak Grove. Rentals are in high demand in this area and monthly rental rates are yeiding top dollar! There has never been a better time to own rental or investment property in Oak Grove, MN. This trend is expected to continue for many years due to the large volume of homeowners losing their homes to foreclosure or short sales.

All types of rentals properties in Oak Grove MN are in high demand, including acreage and luxury home rentals.

Call Acuity Group to confidentially discuss your options to rent your home, we can assist by offering rental placement, screening, and full service property management in Ramsey, Minnesota!

Office: 601 Main St Elk River MN 55330, Office: 763-633-3535 or rentals@acgproperty.com. Learn more at: www.acgproperty.com

By: Stephanie Danielson, Broker/Owner

"Help me Rent my home in Elk River MN, Zimmerman Minnesota, Big Lake MN, Rogers Minnesota, Otsego, MN, St. Michael Minnesota, Albertville MN, Princeton MN, Ramsey Minnesota, Anoka MN, Nowthen Minnesota, Oak Grove MN, Burns Township Minnesota, Monticello MN, Champlin Minnesota, Dayton MN, Hassen Township Minnesota, Coon Rapids MN, Blaine Minnesota, Fridley MN, Oak Grove MN, St. Francis Minnesota, Livonia Township MN, Andover MN, Becker Minnesota, Baldwin Township MN, Orrock Township, Anoka County, Sherburne County, Hennepin County, Wright County"

Dayton Minnesota area has been a popular area for tenants seeking residential rentals. Acuity Group has many pre-screened tenant prospects that are seeking a home to rent in Dayton. Rentals are in high demand in this area and monthly rental rates are yeiding top dollar! There has never been a better time to own rental or investment property in Dayton, MN. This trend is expected to continue for many years due to the large volume of homeowners losing their homes to foreclosure or short sales.

All types of rentals properties in Dayton MN are in high demand, including acreage and luxury home rentals.

Call Acuity Group to confidentially discuss your options to rent your home, we can assist by offering rental placement, screening, and full service property management in Dayton, Minnesota!

Office: 601 Main St Elk River MN 55330, Office: 763-633-3535 or rentals@acgproperty.com. Learn more at: www.acgproperty.com

By: Stephanie Danielson, Broker/Owner

"Help me Rent my home in Elk River MN, Zimmerman Minnesota, Big Lake MN, Rogers Minnesota, Otsego, MN, St. Michael Minnesota, Albertville MN, Princeton MN, Ramsey Minnesota, Anoka MN, Nowthen Minnesota, Oak Grove MN, Burns Township Minnesota, Monticello MN, Champlin Minnesota, Dayton MN, Hassen Township Minnesota, Coon Rapids MN, Blaine Minnesota, Fridley MN, Oak Grove MN, St. Francis Minnesota, Livonia Township MN, Andover MN, Becker Minnesota, Baldwin Township MN, Orrock Township, Anoka County, Sherburne County, Hennepin County, Wright County"

St. Francis, Minnesota area has been a popular area for tenants seeking residential rentals. Acuity Group has many pre-screened tenant prospects that are seeking a home to rent in St. Francis. Rentals are in high demand in this area and monthly rental rates are yeiding top dollar! There has never been a better time to own rental or investment property in St. Francis, MN. This trend is expected to continue for many years due to the large volume of homeowners losing their homes to foreclosure or short sales.

All types of rentals properties in St. Francis MN are in high demand, including acreage and luxury home rentals.

Call Acuity Group to confidentially discuss your options to rent your home, we can assist by offering rental placement, screening, and full service property management in Ramsey, Minnesota!

Office: 601 Main St Elk River MN 55330, Office: 763-633-3535 or rentals@acgproperty.com. Learn more at: www.acgproperty.com

By: Stephanie Danielson, Broker/Owner

"Help me Rent my home in Elk River MN, Zimmerman Minnesota, Big Lake MN, Rogers Minnesota, Otsego, MN, St. Michael Minnesota, Albertville MN, Princeton MN, Ramsey Minnesota, Anoka MN, Nowthen Minnesota, Oak Grove MN, Burns Township Minnesota, Monticello MN, Champlin Minnesota, Dayton MN, Hassen Township Minnesota, Coon Rapids MN, Blaine Minnesota, Fridley MN, Oak Grove MN, St. Francis Minnesota, Livonia Township MN, Andover MN, Becker Minnesota, Baldwin Township MN, Orrock Township, Anoka County, Sherburne County, Hennepin County, Wright County"

Ramsey Minnesota area has been a popular area for tenants seeking residential rentals. Acuity Group has many pre-screened tenant prospects that are seeking a home to rent in Ramsey.  Rentals are in high demand in this area and monthly rental rates are yeiding top dollar!  There has never been a better time to own rental or investment property in Ramsey, MN.  This trend is expected to continue for many years due to the large volume of homeowners losing their homes to foreclosure or short sales.

All types of rentals properties in Ramsey MN are in high demand, including acreage and luxury home rentals.

Call Acuity Group to confidentially discuss your options to rent your home, we can assist by offering rental placement, screening, and full service property management in Ramsey, Minnesota!

Office: 601 Main St Elk River MN 55330, Office: 763-633-3535 or rentals@acgproperty.com. Learn more at: www.acgproperty.com

By: Stephanie Danielson, Broker/Owner

"Help me Rent my home in Elk River MN, Zimmerman Minnesota, Big Lake MN, Rogers Minnesota, Otsego, MN, St. Michael Minnesota, Albertville MN, Princeton MN, Ramsey Minnesota, Anoka MN, Nowthen Minnesota, Oak Grove MN, Burns Township Minnesota, Monticello MN, Champlin Minnesota, Dayton MN, Hassen Township Minnesota, Coon Rapids MN, Blaine Minnesota, Fridley MN, Oak Grove MN, St. Francis Minnesota, Livonia Township MN, Andover MN, Becker Minnesota, Baldwin Township MN, Orrock Township, Anoka County, Sherburne County, Hennepin County, Wright County"

Help! I need to rent my home in Zimmerman Minnesota! Due to the current market conditions, many homeowners who must move out of their home for one reason or another are forced into renting their home to avoid a short sale, foreclosure or bankruptcy. This places the homeowner into the highly involved world of property management, landlord duties and responsibilities.

Renting and self-managing your Zimmerman MN property is not as simple as advertising it, signing a lease and collecting rent. There are many unforeseen circumstances and requirements that a new landlord needs to be aware of to avoid property damage, lost time and/or money, as well as potential costly fines and legal proceedings. To effectively rent and manage your rental property, you need to have an application process, proper tenant screening capabilities, and a formal rental contract. Where do you turn to get critical tenant history and screening information such as criminal violations, issuance of bad checks, unpaid utility bills, fraud, eviction, residence history, bankruptcy, foreclosure, and credit reporting and scoring? You also need to comply with rental licensing regulations, move in and move out procedures, security deposit management, year-end tax reporting, bookkeeping management and the list goes on!

Do you have the time, knowledge and patience to deal with disputes and negative issues such as; bounced checks, late payments, no payment, unpaid utility bills, property damage and eviction proceedings? Are you familiar with the latest landlord/tenant laws for your city, state and federal governments?

Are you having second thoughts about self-managing your property? If so, turn over these tasks to an Experienced Property Management Brokerage serving Zimmerman MN and surrounding suburbs, and give Acuity Group a call.

We have all the tools, time, knowledge and experienced staff to successfully and effectively manage your rental or investment property. This will save you time, money, and give you the peace of mind you deserve!

Call Acuity Group to schedule your free rental analysis and to learn about our services: 763-633-3535 or email us at rentals@acgproperty.com. Learn more at: www.acgproperty.com

"Rent my home in Elk River MN, Zimmerman Minnesota, Big Lake MN, Rogers Minnesota, Otsego, MN, St. Michael Minnesota, Albertville MN, Princeton MN, Ramsey Minnesota, Anoka MN, Nowthen Minnesota, Oak Grove MN, Burns Township Minnesota, Monticello MN, Champlin Minnesota, Dayton MN, Hassen Township Minnesota, Coon Rapids MN, Blaine Minnesota, Fridley MN, Oak Grove MN, St. Francis Minnesota, Livonia Township MN, Andover MN, Becker Minnesota, Baldwin Township MN, Orrock Township"

Due to the current market conditions, many homeowners who must move out of their home for one reason or another are forced into renting their home to avoid a short sale, foreclosure or bankruptcy. This places the homeowner into the highly involved world of property management, landlord duties and responsibilities.

Renting and self-managing your Elk River property is not as simple as advertising it, signing a lease and collecting rent. There are many unforeseen circumstances and requirements that a new landlord needs to be aware of to avoid property damage, lost time and/or money, as well as potential costly fines and legal proceedings.

To effectively rent and manage your rental property in Elk River MN, you need to have an application process, proper tenant screening capabilities, and a formal rental contract. Where do you turn to get critical tenant history and screening information such as criminal violations, issuance of bad checks, unpaid utility bills, fraud, eviction, residence history, bankruptcy, foreclosure, and credit reporting and scoring? You also need to comply with City of Elk River rental licensing regulations, move in and move out procedures, security deposit management, year-end tax reporting, bookkeeping management and the list goes on!

Do you have the time, knowledge and patience to deal with disputes and negative issues such as; bounced checks, late payments, no payment, unpaid utility bills, property damage and eviction proceedings? Are you familiar with the latest landlord/tenant laws for your city, state and federal governments?

Are you having second thoughts about self-managing your property? If so, turn over these tasks to an Experienced Property Management Brokerage serving Elk River MN and surrounding suburbs, and give Acuity Group a call.

We have all the tools, time, knowledge and experienced staff to successfully and effectively manage your rental or investment property in Elk River MN. This will save you time, money, and give you the peace of mind you deserve!

Call Acuity Group to schedule your free rental analysis and to learn about our services: 763-633-3535 or email us at rentals@acgproperty.com. Office location:  601 Main St Elk River, MN 55330  Learn more at: www.acgproperty.com

By: Stephanie Danielson, Broker/Owner

"Help me rent my home in Elk River MN, Zimmerman Minnesota, Big Lake MN, Rogers Minnesota, Otsego, MN, St. Michael Minnesota, Albertville MN, Princeton MN, Ramsey Minnesota, Anoka MN, Nowthen Minnesota, Oak Grove MN, Burns Township Minnesota, Monticello MN, Champlin Minnesota, Dayton MN, Hassen Township Minnesota, Coon Rapids MN, Blaine Minnesota, Fridley MN, Oak Grove MN, St. Francis Minnesota, Livonia Township MN, Andover MN, Becker Minnesota, Baldwin Township MN, Orrock Township"

Otsego Minnesota area has been a popular area for tenants seeking residential rentals. Acuity Group has many pre-screened tenant prospects that are seeking a home to rent in Otsego Minnesota. Most desired property type is a 3+ bedroom home with at least two plus bathrooms. Home rentals in Otsego MN are in high demand, including luxury home rentals.

Call Acuity Group to confidentially discuss your options to rent your home, we can assist by offering rental placement, screening, and full service property management in Otsego Minnesota!

Call Acuity Group at 763-633-3535 or email: rentals@acgproperty.com.  Office:  601 Main St Elk River MN  55330

Learn more:  www.acgproperty.com

By:  Stephanie Danielson, Broker/Owner

"Help with Property Management in Elk River MN, Zimmerman Minnesota, Big Lake MN, Rogers Minnesota, Otsego, MN, St. Michael Minnesota, Albertville MN, Princeton MN, Ramsey Minnesota, Anoka MN, Nowthen Minnesota, Oak Grove MN, Burns Township Minnesota, Monticello MN, Champlin Minnesota, Dayton MN, Hassen Township Minnesota, Coon Rapids MN, Blaine Minnesota, Fridley MN, Oak Grove MN, St. Francis Minnesota, Livonia Township MN, Andover MN, Becker Minnesota, Baldwin Township MN, Orrock Township"

Help! I need to rent my home!

Due to the current market conditions, many homeowners who must move out of their home for one reason or another are forced into renting their home to avoid a short sale, foreclosure or bankruptcy. This places the homeowner into the highly involved world of property management, landlord duties and responsibilities. Renting and self-managing your property is not as simple as advertising it, signing a lease and collecting rent.

There are many unforeseen circumstances and requirements that a new landlord needs to be aware of to avoid property damage, lost time and/or money, as well as potential costly fines and legal proceedings. To effectively rent and manage your rental property, you need to have an application process, proper tenant screening capabilities, and a formal rental contract.

Where do you turn to get critical tenant history and screening information such as criminal violations, issuance of bad checks, unpaid utility bills, fraud, eviction, residence history, bankruptcy, foreclosure, and credit reporting and scoring?

You also need to comply with City rental licensing regulations, move in and move out procedures, security deposit management, year-end tax reporting, bookkeeping management and the list goes on!

Do you have the time, knowledge and patience to deal with disputes and negative issues such as; bounced checks, late payments, no payment, unpaid utility bills, property damage and eviction proceedings? Are you familiar with the latest landlord/tenant laws for your city, state and federal governments?

 Are you having second thoughts about self-managing your property? If so, turn over these tasks to an Experienced Property Management Brokerage Firm and give Acuity Group a call. We have all the tools, time, knowledge and experienced staff to successfully and effectively manage your rental or investment property. This will save you time, money, and give you the peace of mind you deserve!

Call Acuity Group to schedule your free rental analysis and to learn about our services: 763-633-3535 or email us at rentals@acgproperty.com. Learn more at: www.acgproperty.com Office:  601 Main St Elk River MN  55330

By:  Stephanie Danielson, Broker/Owner

"Help me rent my home in Elk River MN, Zimmerman Minnesota, Big Lake MN, Rogers Minnesota, Otsego, MN, St. Michael Minnesota, Albertville MN, Princeton MN, Ramsey Minnesota, Anoka MN, Nowthen Minnesota, Oak Grove MN, Burns Township Minnesota, Monticello MN, Champlin Minnesota, Dayton MN, Hassen Township Minnesota, Coon Rapids MN, Blaine Minnesota, Fridley MN, Oak Grove MN, St. Francis Minnesota, Livonia Township MN, Andover MN, Becker Minnesota, Baldwin Township MN, Orrock Township, Anoka County, Sherburne County, Hennepin County, Wright County"