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Showing posts from October, 2023

Cleanliness in Rental Properties

    Visit Our Website  Cleanliness in rental properties is a fundamental aspect that significantly impacts the well-being of tenants. A clean living environment not only enhances the aesthetic appeal of the property but also contributes to the physical and mental health of the residents. If sanitation is not well coordinated and enforced could lead to tenants not taking responsibility to ensure a clean environment. In this write-up, we will explore the importance of cleanliness in rental properties, its impact on tenants, and the responsibilities of both landlords and tenants in maintaining a clean living space. Health and Hygiene: Clean living spaces promote good health and hygiene among tenants. Regular cleaning and maintenance prevent the accumulation of dust, mold, and pests, reducing the risk of allergies and respiratory problems. A clean environment also decreases the likelihood of diseases spreading, creating a safe and healthy atmosphere for all residents. Psychol...

Lag Time Between Inflation and Increase in Real Estate Price

    Visit Our Website  When a real estate investor buys land or a house, it is expected for the property to potentially preserve and even grow in value. This value may be a response to high inflation or positive appreciation from an economic or developmental standpoint. The lag time for real estate to respond to these changes in value is dependent on a lot of factors.   When an investor speculates on land, this may give good appreciation if carefully thought through. Land appreciation may be the result of scarcity, location, or several ongoing new developments around the community like new buildings, and government infrastructural development. However, buying or building a rental property for medium to long term hold will appreciate based on the city, location, serenity, security, and good infrastructures in the community (drainage, good road network, streetlights, schools, hospitals, power, water, sanitation, etc).   Inflation will lead to a rise in rental rate...