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McCreary Realty News and Blog

Bringing you news and tips you can use if you are a homeowner, home renter or property investor.

Easy Ways to Make Your Rental Property a Smart Home

Mandy Edwards - Thursday, April 20, 2017



More people are becoming interested in outfitting their homes with "smart home" and home automation systems. The main reasons for investing in this type of technology include comfort, convenience, and security.   

Although smart home technology may be considered by some as a luxury found only in expensive custom homes, it turns out that you can also afford to have a "smart home" when you live in a rental property. 

Creating an intelligent, conveniently connected home space in your apartment or rental home is easy and affordable. The key is to start smart and small. Begin by purchasing the products and features that add value, convenience, and security without killing your budget. 

Always remember to check your lease agreement or your property owner to make sure any changes you make are allowed. Keep in mind that as a renter, you may want to take your smart devices with you to your next rental home.

Check out these smart home technology ideas for your rental property:

The environment: Probably first on the list of connected home devices we think of is a simple device that controls the comfort of the environment in your home -- the smart thermostat. Why use energy to heat/cool your home when you’re not there? 

Some of these devices learn your setting preferences and will remember your habits. The smart technology allows the thermostat to conform to your daily routine and keep your place comfortable at the times you are there. You can also access devices remotely via a smartphone app to make specific setting changes before you arrive at home. Popular smart thermostats start at about $250. That may seem a bit expensive, but remember the savings (up to 20%) in your energy bills that help pay off the investment (and then some!).

Automated lighting: This popular smart home feature is both a convenience and a safety upgrade. Connected LED technology gives you the flexibility to change the lighting in your home remotely at any time. Who hasn’t forgotten to turn off the lights when you leave? And let’s not get started with roommates who forget to. 

LED bulbs use up to 80% less energy and last about 25% longer than conventional light bulbs. Smart LED systems work in existing light sockets for seamless installation and are relatively inexpensive, starting at $35.

Smart TV: Are television networks and cable (except for WiFi) obsolete? They might be for some of us, considering the innovations in connected television technology. A smart TV is internet connected, providing access to websites, apps and streaming services that give you the choice and flexibility to watch what you like -- when you like. 

Even with a "not-so-smart" TV, USB connect-able "sticks" will allow you access to the internet and streaming services, so you can match your existing TV technology to your needs on your chosen budget.

Security: Keeping our possessions safe and secure is a major priority in home automation. Smart locks fit the bill as the first line of defense in home security. An automated dead bolt lock gives you convenience, safety, and security at the reasonable price of about $200. An automated bolt lock that fits with an existing deadbolt means easy installation without making changes to the entryway door. Smartphone app integration gives you remote access to securing the door as well as the ability to track who goes in and out. Make sure the model you choose also works with a key though, just in case.

Video surveillance: Looking past the security of the door lock, having home video surveillance is real-time security. Home security cameras for the entry door and around the interior of your home give you instant access to your home security status. You can use it to keep an eye on your pets too! Look for a system that installs easily and has high (1080p) resolution so your remote view is like an eagle eye on your home.

Finally, you may consider technology which allows you to tie all of your smart home features together in an easily accessed control point. For example, both Google and Amazon have devices which bring all of your home automation applications together for under $200. 


Keeping your rental home comfortable and safe with smart home technology is easy and affordable! Have you made the switch to home automation or are you considering it?


Related Resource

ForRent.com Apartment Automation: How to Smarten up Your Flat


Ways to Spruce Up Your Home With Your Tax Refund

Mandy Edwards - Thursday, April 13, 2017

Hello, spring! It's the season of rejuvenation, regrowth, and (hopefully!) a tax refund.  

An annual tax refund is worthy of excitement because it’s like receiving "free" money, right? Of course, it’s always important to consult a tax professional about which tax decisions are best for you. 

But why not consider using your refund to make your home livelier, more colorful and more livable? There are many ways you can use the money to beautify and add value to your home.

Here are a few ways you can spruce up your home with your tax refund:


With a small-ish refund (up to $500) you might:

  • Touch up your home's interior and exterior paint: On the inside of your home, baseboards take a beating. Wash them with warm soapy water, allow them to dry thoroughly, repair cracks with caulk, and touch them up with fresh paint. Perhaps you can try using a new accent color! Use a strong but flexible straight edge to protect carpet, flooring, and walls when you paint. For exterior painting, scrape, sand and touch up any faded areas in the trim.
  • Add some "curb appeal": Have you looked at the mailbox lately? If it’s faded, leaning, and/or damaged, give the yard an instant upgrade with a new one. Plant some bushes and/or spring flowers around it to add some lively color! Add flower boxes under front windows or around walkways, too. It will refresh the entire look of your home.

With a big refund ($500 -- $1,000+) consider:

  • Upgrades to systems, like replacing the old water heater. A new high-quality water heater will probably cost at least $1,000. But think of how nice it will be to have hot showers for everybody! And a new, more efficient unit can save money on future energy bills.
  • Look up! How do you like the ceilings? In older homes, "popcorn" ceilings were very popular. But they don’t age very well and they're difficult to repair if damaged. So put your refund into renewing your ceilings! It’s best to hire a professional to smooth out the popcorn ceiling, but you can add your own touch with new crown molding and repainting.

With a larger refund ($2,000+) you can think even bigger:

  • Add some style to your interior by installing new lighting. Recessed or flush-mounted fixtures update the look and style of a room. They also tone down the harshness of light emitted by hanging fixtures. New lighting technologies such as LEDs are efficient and provide better lighting as well.
  • Replace wall to wall carpet with hardwood flooring. Wood floors upgrade and enhance the look and feel of a room. Add area rugs to bring back the cozy feel of carpet or for accent.

Use a "huge" refund ($3,000+) to add more value:

  • Put backsplash tile in the kitchen. It adds color, style and rich texture to the room. Smooth tile is easier to clean, but a rougher look like faux brick adds a robust feel.
  • Update floor tile and fixtures in the bathrooms. Styles are tied to the times. Don’t forget that updating the entire look of your home (including bathrooms) keeps it up-to-date.
  • Put in new exterior door walls or French Doors. Upgrading your doorways will add to both the natural light and the interior aesthetics of your home.

A lottery-level refund ($5,000+) allows you to:

  • Add lifestyle upgrades like an outdoor patio, a backyard privacy fence, or stone/brick barbecue/firepit. Add a grape arbor over the patio for protection from the sun and to add some natural plant cover.
  • Build a simple outdoor kitchen with a pre-built barbecue grill, a mini fridge and some stylish tables to match new patio furniture.


How do you plan to use your tax refund? 


Related Resource

Trulia 13 Ways To Spend Your Tax Refund On Home Improvements 

Simple and Delicious Recipes for a Spring or Easter Brunch

Mandy Edwards - Thursday, April 06, 2017


Spring is here and Easter is right around the corner. If you have children, they may be anxiously awaiting the arrival of the Easter Bunny – and, of course, the candy.

Luckily, the grownups are allowed to have just as much fun as the kids on Easter. As well, it’s a great time of year for entertaining guests before the hot temperatures set in. With any luck, the rain will let up long enough to host an outdoor event!

Here are some crowd-pleasing recipe ideas for a spectacular spring or Easter brunch that everyone will enjoy:


Classic Deviled Eggs

Deviled eggs are perfect for Easter Brunch or an appetizer. You may even have boiled eggs on hand already from dying them! Although there are many variations on deviled egg recipes, the simple, traditional recipe always tastes fantastic.

Click here for the recipe via Dessert Now Dinner Later


Springtime Pasta Salad

There’s nothing much better than a light, refreshing salad on a warm spring afternoon. Complete with plenty of fresh veggies and a simple vinaigrette dressing, this pasta salad recipe is sure to satisfy.

Click here for the recipe via The Fed Up Foodie


Brown Sugar and Bacon Green Beans

You may not even have to beg the kids to eat their veggies when you’re serving these green beans! A perfect blend of sweet, savory and (kind of) healthy. What’s not to love?

Click here for the recipe via My Recipe Magic


Best-Ever Buttermilk Biscuits

Is any proper southern brunch complete without warm, fluffy, melt-in-your-mouth biscuits? Of course not! They’re also perfect for making ham sandwiches.

Click here for the recipe via Good Housekeeping


Glazed Easter Ham

For many of us in the south, ham is a staple for Easter brunch. Plus, it’s great to have ham sandwiches for lunch the next day or so – if you happen to have any ham left over, that is.

Click here for a recipe via The Pioneer Woman


Lemon Cheesecake with Strawberry Crust

Even if the Easter Bunny has brought loads of chocolates and jelly beans, you may still like something sweet to wrap up your Easter Brunch menu. This light and creamy cheesecake will make a perfect dessert for the grownups!

Click here for the recipe via Back for Seconds

Tips for Splitting Rent and Expenses with Roommates

Mandy Edwards - Thursday, March 16, 2017



Have you dreamed of renting a great place that seems out of your financial reach? Of course, we all have. 

One way to make your ideal home affordable, especially if you’re renting, is to invite roommates. Having a good experience with roommates depends on several aspects of relationships, but probably none more than the financial arrangements.

So, what is the best way to keep it fair and equitable between roommates? 

Here are a few suggestions:

1. Agree on how to split expenses

Get buy-in from everybody: Have the difficult (i.e., money) conversations up front. That way, everyone knows their responsibility and is accountable because it’s been agreed to in advance.

Share common expenses equally: Utilities, cable, and WiFi are pretty much used equally, so these can be split evenly. Some financial experts suggest putting each roommate on every bill, so not paying a share has personal consequences if that bill is not paid in total and on time. Each roommate being the responsible party for a utility account is a way to spread the financial burden around the household, too.

Getting more costs more: If one occupant has premium accommodations (master suite, private bath, etc.), it is reasonable that they pay a greater proportion of rent.

2. Decide how to collect money

Everyone’s agreed on splitting expenses, so the hard part is done, right? Well, you still have to collect each share to make the main payment. One way to do this is to post each bill where everyone can see the total charges, their share, and the due date.

Some renters are set up on convenient money transfer apps to make the exchanges easy. Most payment apps allow you to send and share messages too, so communicating about payments is at your fingertips.

An obvious way to keep financial arrangements simple is to charge a flat rental rate that includes all expenses. This is especially applicable for situations where a leaseholder or homeowner solicits a ‘renter.’ It’s a simple arrangement where the responsible party establishes the expenses, then charges renters or roommates a flat rent that covers it all. 

Just as a side note: the leaseholder in this situation may wish to ask for references, deposits, and credit background checks.

3. Formalize the arrangements

Even when people come to an agreement they can still sometimes lose track of details. It’s best to be sure that all financial arrangements are in writing, up front, with copies to all parties. That way there is documentation to refer to if questions arise.

Keep complete and clear records of payments, and make sure you keep good records for your own reference. This will help you ensure that all expenses are reported and tracked fairly.


Roommates can make life a lot easier in popular, expensive areas. You get the benefits of great location and amenities and the pleasure of companionship and friends to share it with!


Related Resource

Trulia Pay Up! How Renters With Roommates Should Divvy Up Expenses


Ideas to Make Your Home More Water-Efficient

Mandy Edwards - Thursday, March 09, 2017



Using water wisely is smart, and it saves money! There’s no downside to that. 

There are additional benefits to smart water usage as well. For example, in arid and semi-arid regions, there simply may not be enough water to go around. And everywhere, the cost of producing water for consumption and treating wastewater are a huge part of municipal expenses. So it just makes sense to save water in our everyday lives.

Here are some ideas to make your home more water-efficient:

In the bathrooms:

Some of the biggest water users in most homes are the toilets, especially in families with children! Almost one-third of annual household water use is attributable to toilet use. Do you know that some toilets can use up to six gallons of water per flush?

  • Maximum-performance toilets. These use variable amounts of water for solid and liquid waste. Savings from these toilets amounts to thousands of gallons and water bill reductions of up to $165 per year! If replacing toilets isn’t practical, make sure that your toilets don’t leak through the flapper device in the tank. If the tank takes a long time to refill or periodically refills when it hasn’t been flushed, it may be time to replace the flapper. It’s an easy fix and only costs a few dollars.
  • High-efficiency showerheads. No one likes a weak shower stream, but cranking up the shower means using a lot more water than you have to. Conventional showerheads use up to 2 ½ gallons per minute. And teenagers take long showers! Check your local home store for high-efficiency options that use less water but don’t compromise on water power. A showerhead reduction down to 2.0 gallons per hour will save you up to $70 per year on the water bill, and even more on the electric/gas savings on the water heater.
Future shower technology is in the works that uses a closed-loop concept that captures water and purifies it for re-use, providing savings in both water and the energy required to reheat it.

In the laundry:

  • High-tech washers. A typical washer uses up to 40 gallons per wash load. Advanced-technology washers create water savings of about 40%, not only by using less water but by re-designing tub configurations and adding creative advances like polymer bead technology to scrub clothes clean using a fraction of the water. If a new washer isn’t in your future, remember that cold water works just as well for dark colors. Cold water washing is easier on fabrics too. And choose the correct water setting for the load size.

Outside your home:

  • Connected irrigation technology. You can’t save what you don’t measure, right? Turning on outdoor sprinklers for a few hours at a time is a big waste of water. Try an automated programmable water controller to measure and reduce outdoor water usage. Set them for the best time to water, and make sure to use durations that make sense. We over-estimate the amount of water a lawn needs. Some controllers are even smart enough (via wireless connections) to adjust water timing and settings to current weather conditions! But if high-tech irrigation isn’t your thing, be sure to water wisely according to weather conditions, predictions, and how your lawn looks. And when you water, avoid hitting the driveway and street.


Using water sparingly saves you money and is easy on the environment. It’s a good idea all around!


Related Resource

HouseLogic 7 Smart Ways to Save Water (and Money!)

Simple Spring Cleaning Tips

Mandy Edwards - Thursday, March 02, 2017

Spring is right around the corner! You've stayed warm and snuggly in a buttoned-up house all winter long. However, as the cold weather wanes, we all look forward to opening up the windows to get fresh air…and, of course, spring cleaning!

Don’t dread your annual ritual.

Follow these simple spring cleaning tips to help make the task a little bit easier (and less of a chore!)

  • A cleaning caddy (available at places like Home Depot, Lowe’s or Walmart) stocked up with a few basic cleaning items like scrubber sponges, soft (cotton) cloths and cleaning supplies like cleanser, window cleaner, and furniture polish keeps everything you’ll need right with you where you need it!
  • In the kitchen, clean and freshen the refrigerator with a solution of salt and soda water. Turning the freezer off for 20 minutes before cleaning it will ensure that the solution doesn’t freeze on contact.
  • Loosen up lime buildup around bathroom faucets by draping vinegar-soaked paper towels around them, then rinse with water. An old toothbrush will help more easily scrub those hard-to-reach areas.
  • Dirt and grime on windows are best removed with lots of soapy water and a soft brush or large sponge. Use a squeegee to remove the soap, then use old cotton washcloths or towels to clean up the edges, corners, and sills. By the way, screens are easily cleaned with scraps of carpet or a hand-held brush.
  • Hang throw rugs, comforters, blankets and pillows outside. They’ll be clean and fresh after a few hours in the sun and breeze. Who doesn’t love that unique smell of outside-fresh blankets and pillows?
  • Liven up drab, dusty drapes by putting them in your dryer on the fluff (delicate) setting. Throw a damp bath towel in to draw away dust. Dryer sheets will add a nice fresh scent too!
  • For dusty ceiling fan blades, spray a light coating of furniture polish, wipe away and buff gently with a soft cloth.


No one really looks forward to spring cleaning, but it helps to think about the final result: a clean and fresh house!


Related Resource

HGTV 7 Spring-Cleaning Tips

Storage Ideas for Renters

Mandy Edwards - Thursday, February 23, 2017


Making the most of limited living space can be a challenge for anyone, but is especially important for renters who have few options in making permanent changes to their home.

If you are a renter, though, there are still easy, affordable (and fun!) ways to meet your storage needs. 

Here are a few storage ideas for renters:


At the entrance: A bench with inside storage is a place to sit and remove boots and slip into to your inside shoes. Underneath, you can store hats, gloves, and other outdoor items you’ll need as you leave. If you like an old-school look, go with a standing coat rack and umbrella stand. A small bookshelf is a handy place to keep daily use items you can grab on your way out! Use the bottom shelf for shoes and boots.

   


In the living room: Create storage along walls with alternating short and tall bookshelves. Put the TV on a shorter one. Depending on space, deeper shelves work best. Use colorful baskets and boxes inside shelves to organize small items like media. Tables with multiple shelves create extra space too, and a storage ottoman keeps things you need while seated, like game controllers, handy.

   


In the kitchen: A four- or five-shelf wire rack holds small appliances, a microwave, and bulky cookware when counter and cupboard space is limited. In very small places use a rolling cart. Add wire shelf inserts or baskets in cupboards. Anywhere there is a door (pantry, closet) use over-door shelving or pockets.

   


In the bathroom: Add space with over-door baskets to hold cleaning supplies, hair dryers, etc. Place open-front stackable baskets under the vanity to organize toiletries, cleaning supplies, linens, and other items. An over-the-toilet etagere holds linens and containers for cosmetics, toothbrushes, and toiletries. Use over-the-door hooks for everyday towels.

   


In the bedroom: Closet inserts add space for hanging clothes and shelves for folded clothes that are too bulky for drawers. Include a small set of drawers, a cubby for scarves and hats, and shelves for shoes. Use an upper shelf store seasonal clothes out-of-season. Use the space under the bed! Under-bed storage is good for sports equipment and another place for off-season clothes.

   


Anywhere there is a wall: There are all kinds of removable hangers and hooks. Use them for wall hangings in the living room, for utensils in the kitchen, hair dryers in the bathroom, and bathrobes, hats, etc. in the bedroom.


Make the most of your smaller spaces with creative storage ideas that keep everything tidy while adding character to your rental home!


Related Resources

I Heart Organizing Renter Friendly Organizing Tips 

Apartment Therapy No Storage, No Problem: Workarounds for Renters for Every Room   

Renting a House? Here's What You Need to Know

Mandy Edwards - Thursday, February 16, 2017

For some of us, our first "home" is a rental property. The process of renting an apartment is a common experience for many people. But what about renting a house from a private owner?

In some ways, the process of renting a house is similar to renting an apartment in a commercially-owned community. However, in many other ways, it's truly unique. 

Renting a house has many advantages, but it's essential to be prepared and informed about what you’re getting into. It’s definitely worth it to take the time up front to learn and understand your legal rights and responsibilities as a tenant. This will help make your rental experience much more pleasant in the long run.  

Here are some helpful tips to keep in mind when renting a house:

  • Research and understand the Landlord-Tenant laws in your area. In many areas, these are available as summaries of applicable statutes. Click here for a state by state resource. 
  • Do your own inspection before signing a lease. This protects you from responsibility for pre-existing damage and gives you a general idea of the mechanical and structural condition of the property.
  • Read your lease. Look for and ask about any added clauses in the lease. These may be perfectly justified or may put you at risk. If questionable, ask an attorney.
  • Do a move-in inspection. Photograph and document any damage or special circumstances you find. Existing damage, if not repaired, should be documented.
  • Pay rent on time. Timely rent payment is a top provision of the lease. Payment by check or receiving receipts for cash is vital to maintaining a proper ‘paper trail’ of payments.
  • Have a good relationship with the landlord. Communicate in a friendly manner. Keep the landlord informed. A good relationship will likely get you responses to questions and repair issues in a timely manner too.
  • Document your communication with the landlord. Keeping communication formally documented (emails, texts, copies of letters) will prevent trouble if disagreements occur.
  • Know your neighbors. It’s always nice to be a friendly, good neighbor. And neighbors may know something of the history of the property and the landlord.
  • Contact the landlord promptly if the property needs repairs. First, because some issues like water leaks can cause further damage. Second, you may be accountable if timely reporting is not made.
  • Get permission before getting a pet. Your lease should specify the pet policy, and pets can cause damage. Ask before you bring a pet home.
  • Be prepared for inspections. Again, this should be specified in the lease, with a provision for notification. Know what the landlord’s policy is. And be accommodating.
  • If things get sticky, contact a lawyer. Landlords may try to exert false authority. A lawyer will cost you some money but can save you even more in the long run.
  • When the lease is up, abide by provisions for vacating the property. Take photographs to document the condition you leave the property in.
  • Leave on good terms. Many future landlords will ask for references.


Are you currently renting a house or considering it? What other tips would you add?


Related Resource: 

Tough Nickel 15 Tips for Renting a House


How to Prepare for the Costs of Owning a Rental Property in Marietta, GA

Michael McCreary - Friday, February 10, 2017
When we talk about the costs of owning a rental property, we need to tell you that owning rental investment properties is not for everyone. Many investors want to make the investment and walk away, like you would with cash savings or a CD. That’s not possible with property. But, most people do like to have a higher return but without the risk of the stock market. A rental investment property is one of the best ways to achieve that.

 

Now that I own an investment property, how should I manage my finances?

You need to have a savings account or a reserve fund that’s dedicated explicitly for that rental property. It cannot be your retirement account or a general savings account; it needs to be for your property only. If you choose to depend upon that month’s rental payment to cover the same month’s mortgage payment, you’re setting yourself up for failure. You don’t want to go down that path. Be prepared for unexpected big ticket maintenance items, as well as vacancies. They do happen. The best thing to do is create an account specifically for the property.

 

How much money should I have in that account?

This is sticker shock, but I recommend six to nine months of rental income in that account. That’s a lot of cash, and it’s a challenge to accomplish that. Take it slow. You must create a path to do this over time. One of the best ways to start is to dedicate a small amount out of the rental payment every month. Build on it slowly month by month. Folks can also bridge the gap by having a credit card that they don’t put anything on. Keep a zero balance and don’t use the card for anything other than expenses associated with the property. That will bridge the gap until you have a savings.

 

What if my mortgage takes all my rental income?

How you finance the property has nothing to do with the rental values and investment value of the property. It’s how you acquire it. if you can only put a small amount down, you’ll almost always be in that position. The mortgage will be overwhelming and then you’ll have to feed it every month. Most professional investors put 20 to 30 percent down. When they do that, there’s an equity cushion that’s created. So, you woulRental Property Costsd have to dedicate $100 or $200 a month to your reserve fund, and it will add up quickly.

If you plan for this up front, it’s much easier to manage. We can help you solve any problems your property may be causing. If you’re preparing for this kind of investment, and you want to know how much to save for home maintenance and other expenses, please contact us at McCreary Realty Management. We’d be happy to tell you more about our experience with property management in Marietta, GA.

How to Show Your Home Some Love for Valentine’s Day

Mandy Edwards - Thursday, February 09, 2017

Valentine’s Day is right around the corner and you know what that means, right? That's right, it’s time for that one day every year where we specifically celebrate love! Regardless of whether we have (or hope to have!) a special sweetheart in our lives, there is no escaping the sentiment of love in the air.

As well as sharing gifts and romantic cards with your loved ones on Valentine’s Day, this is also a good time of year to show your home some love. And besides, doing something nice for your home is a gift for you as well.

Here are some ideas for how to show your home some love for Valentine’s Day (or any time):

1. Nothing says love quite like spending some time with the one you love. Set aside a few hours to complete an easy DIY project to enhance your home’s appeal.

Some quick weekend project ideas include:

  • Adding shelves for storage in the kitchen, bathroom, or anywhere you like
  • Cleaning out the flower beds and pouring fresh mulch (weather permitting, of course!)
  • Installing a new faucet in the kitchen or bathroom
  • Patching holes in the walls

2. Buy something pretty for your home. Replace an old accessory or decoration with a new one. Or go ahead and splurge on that new rug, pillows or curtains you’ve had your eye on.

3. Celebrate love on Valentine’s Day (or just because!) with friends or family. Perhaps enjoying a quiet, romantic, candlelit dinner at home with your sweetie sounds appealing. Or you might want to host a small party with close friends.

4. Cherish your home by protecting what’s inside of it. If you haven’t already, now is a good time to check into and shop around for renters insurance. Renters insurance can help you cover the cost of replacing personal belongings in the event of unexpected accidents, such as fire, theft or water damage. 

5. Show your home some love by doing some early spring cleaning. For example, you may consider having your carpets shampooed and steam cleaned, especially if you’ve had extra foot traffic during the holidays.

 

We hope you have a Happy Valentine’s Day! How do you plan to show your home some love this Valentine’s Day?


Related Resources

Zillow Porchlight 5 Ways to Show Your Home Some Love

Better Homes & Gardens Improve Your Home: 30 Weekend Projects


McCreary Realty Management

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Marietta, GA 30060

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