Owning a Felton rental property owes its popularity to the distinctive financial attributes it offers investors. Like a dividend-producing stock, it’s a holding that stands to produce a regular income stream. It’s also a real asset in the truest sense of the word—one with solid collateral value. For adroit Felton rental property investors, it’s also an asset that can build value over time.

When it comes to quantifying an Felton rental property’s income-producing potential, after an investor has estimated the projected rental stream, there follows a less sunny exercise: expenses need to be taken into account. If a Felton professional management service is going to be part of the equation, they will supply reliable budget parameters. If you will be managing the property yourself, doing a thorough job of nailing down this—the management budget—is as crucial to coming up an accurate bottom line as was projecting income.

Unless you are prepared to be at the beck and call of your renters 24/7, it's a good idea to budget funds for a skilled general maintenance person. The ideal candidate can deal with a myriad of issues, from electricity outages to clogged garbage disposals. If the Felton rental property is an apartment building or set of condos, it’s often a good idea for the maintenance pro to be kept on retainer. For single-property rentals, this handyman (or gal) can usually be hired on a job-by-job basis.

Specifics for every Felton property differ, but it’s generally considered prudent to reserve between 10%-15% of gross rental income for maintenance and repairs. This part of your budget includes remuneration for your maintenance person. Getting a rental home back to status quo isn't always easy—especially because it’s in both the landlord’s and renters’ interest to place a premium on speedy rehabilitation. That’s not cheap!

There are also two words that belong in any rental property management budget: property insurance. The right formula may include a sizeable deductible number (you’ve already budgeted an ample reserve for lesser emergencies), but it’s also vital to take into account the possibility of any large and unexpected emergencies that you or your maintenance person can't handle alone. It may be common business wisdom, but over large parts of the country, this past harsh winter once again demonstrated the wisdom of the practice. Tenants are encouraged to insure their own property, both inside and outside the rental property, but the landlord’s policy should cover repairs to the entire structure, any small sheds on the property, landscaping damage, and the like.

This is the traditional time of year when many of the most promising investment properties go on the market. If you are looking to the future—a future that includes owning a lucrative Felton rental property—now is the time to start looking…and to give me a call!

In Felton real estate as in many other businesses, successfully drawing the public’s attention, then communicating value, are what separate can-do practitioners from the pack. It’s pigeonholed under "marketing" instead of "selling" because the latter sounds more like a one-on-one activity, whereas "marketing" depicts the kind of effort that goes out to the world at large.

The past couple of decades have produced sea changes in the way Sussex County real estate brokers and agents need to approach their marketing approach. It’s not just the way all the advertising and communications media have been transformed; it’s also the expectations of the people they are intended to reach—the buyers. When a homeowner intends to put his home up for sale, one way to insure success is to be aware of the elements that make up any marketing plan designed to take advantage of today’s 2015 Felton real estate marketplace.

· Technology is at the forefront of good marketing, and today’s Realtors® can choose to put it to their clients’ advantage. A responsive website, striking visuals, good content, and specific details to accompany their business cards, brochures, and other traditional marketing materials build more than their own brand—they launch every client’s Felton real estate listing across the virtual Universe!

· Today’s real estate market rewards creativity more than was hitherto the norm. Because the web has made so much information so accessible, having a knack for standing apart from the crowd is more important than ever. Using techniques to attract attention is the first step in guaranteeing marketing success, so understanding search engine optimization (and using that knowledge regularly) is vital. In fact, it’s one of the reasons I make sure to post this blog regularly!

· A social media presence is a must for anyone conducting real estate in Felton—and it just so happens that it’s the perfect venue for Realtors® to shine. It’s a very personal (well, not quite an in-the-flesh handshake—but as personal as electronics allow!) way to expand networks and engage people in a diverse cross section of prospective audiences.

· Using electronic and social media is part of the story, but monitoring their effectiveness ("the metrics") is a necessity to track how well they are working. By tracking this information and using the results to take advantage of what works best, every Felton real estate client shares in maximizing their listing’s exposure.

Effective real estate marketing uses ongoing research—and the strategy and energetic tactics that reach out to take advantage of the whole spectrum of today’s communication resources. If you are thinking of listing your own home, I hope you’ll give me a call to see all that I can do for you!

Just as the kitchen is a magnet for family activity, when a Felton home goes up for sale, it’s the one room guaranteed to get rapt attention at every showing. Older Felton homes can be at something of a disadvantage here, especially when structural design elements prohibit their being transformed into one of today’s popular airy open plan kitchens.

Perhaps you've already taken a paintbrush to your cabinets to give them a new look, or discovered the transformative power of inexpensive subway tile on a dingy backsplash. If your kitchen is still looking a bit uninspired, enhance it before the home showings start with a final inexpensive tweak or two.

Where empty wall space is present, you may be able to create additional storage space. Open shelving is a trendy look that’s both aesthetically pleasing and functional. A blank wall can be transformed by installing rustic wooden or sleek metal shelving units…but with one proviso: open shelving does double duty as display space—and that’s no place for mismatched or over-the-hill china and glassware!

A little of the right kind of handiwork can go a long way toward adding some 21st Century features to an aging Sussex County home. Where an outlet is handy, transform a cabinet shelf into a docking station for smartphones and tablets. A small wall-mounted flat screen monitor can bring TV (or web video) to liven up the area. Hooks mounted near a back door can be made available for hanging backpacks, grocery bags, keys, or leashes. A bottom kitchen drawer can be transformed into a rollout pet feeding station.

No matter what else, it’s a plus whenever a kitchen space can clearly function as a gathering place as well as the meal preparation hub. It may be as simple as placing stools on one side of an island, adding a pub table and chairs, or transforming a neglected corner into a coffee station (those Keurigs make it a snap!)—giving your Felton home yet another spot for a family to congregate.

The National Association of the Remodeling Industry reported that kitchens were the top remodeling project in last year. In fact, 82% of NARI members stated that kitchen remodels represent their primary work—and I think we can guess what the results for 2015 will be. It makes a good argument for putting in a little elbow grease and creativity to spruce up the kitchen before you put your Felton home up for sale. You can also give me a call: I’m pleased to do a no-obligation walk-through for my feedback on how your listing should fare in today’s market!

Just as the kitchen is a magnet for family activity, when a Long Neck home goes up for sale, it’s the one room guaranteed to get rapt attention at every showing. Older Long Neckhomes can be at something of a disadvantage here, especially when structural design elements prohibit their being transformed into one of today’s popular airy open plan kitchens.

Perhaps you've already taken a paintbrush to your cabinets to give them a new look, or discovered the transformative power of inexpensive subway tile on a dingy backsplash. If your kitchen is still looking a bit uninspired, enhance it before the home showings start with a final inexpensive tweak or two.

Where empty wall space is present, you may be able to create additional storage space. Open shelving is a trendy look that’s both aesthetically pleasing and functional. A blank wall can be transformed by installing rustic wooden or sleek metal shelving units…but with one proviso: open shelving does double duty as display space—and that’s no place for mismatched or over-the-hill china and glassware!

A little of the right kind of handiwork can go a long way toward adding some 21st Century features to an aging Sussex Countyhome. Where an outlet is handy, transform a cabinet shelf into a docking station for smartphones and tablets. A small wall-mounted flat screen monitor can bring TV (or web video) to liven up the area. Hooks mounted near a back door can be made available for hanging backpacks, grocery bags, keys, or leashes. A bottom kitchen drawer can be transformed into a rollout pet feeding station.

No matter what else, it’s a plus whenever a kitchen space can clearly function as a gathering place as well as the meal preparation hub. It may be as simple as placing stools on one side of an island, adding a pub table and chairs, or transforming a neglected corner into a coffee station (those Keurigs make it a snap!)—giving your Long Neck home yet another spot for a family to congregate.

The National Association of the Remodeling Industry reported that kitchens were the top remodeling project in last year. In fact, 82% of NARI members stated that kitchen remodels represent their primary work—and I think we can guess what the results for 2015 will be. It makes a good argument for putting in a little elbow grease and creativity to spruce up the kitchen before you put your Long Neck home up for sale. You can also give me a call: I’m pleased to do a no-obligation walk-through for my feedback on how your listing should fare in today’s market!