Get the most out of your home improvement loan

Home improvement loans are quite easy to get but you still have to repay them and it is obvious that you want to get the maximum output possible for the money you pay to your contractors.

Firstly, you have to get the best price for you loan what means you need to negotiate about interest rates with more than one bank and than choose one with the best offer. Home improvement loan rate depends on the amount of money you need, your credit, location, bank etc.

Than you have to get offers from more than one contractor. You will be suprised how different prices are but you have to be careful because the price is not everything. Check references, quality of the used materials etc.

You also have to do as much task as you can by yourself. Contractors usually give special discount if you clean up yourself etc.

Managing your real estate portfolio

Managing only one unit is not a big deal, it only requires few hours of your time per month. Collecting the rent, doing small repairs etd. - almost anybody can do it. But most of the investors do not stop with one unit, they expand their business and soon it becomes impossible to have control over all properties owned.

That's the main reasons why some of the investors fail. They become to busi to maintain their rental properties and tenants are not statisfied with the service and they stop paying their rent. Because one man can not deal with so many tenants it leads to financal collaps.

To avoid it you should hire the professional real estate manager before it is too late. It will cost you about 10% of monthly rent but on the long term he can save you tons of money. Manager will take care of maintainance, collecting rents and sometimes looking for new tenants.