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Taking a Leap into Uncharted Territory – Rental Investment

Johnna • Jan 20, 2021

Taking a Leap into Uncharted Territory – Rental Investment

Derek and I recently decided to try our hand at property management. Mostly because the house (double-wide trailer) was sitting on an unbelievable lot 5 minutes from our house… Which means a lot since we live out in the middle of nowhere.

Couple — Sterling, CO — Town Square Realty
Look at that backyard!!!

The home needed some work, although, the inside was in pretty good condition, it was extremely dated. The exterior is why it was so cheap… Which is something that will still need done in the future, but that’s for another *warmer* day, or season.

Hi, Jaxon!

Wooden Concept Kitchen — Sterling, CO — Town Square Realty
That piano was going to be the death of me.

Yellow Soaker Tub — Sterling, CO — Town Square Realty

Typical 1980’s trailer fashion. Yellow soaker tub.

This home was so fun to update. And soooo easy. The day we closed, I bought 10 gallons of paint and went to town. It took a little over 2 months (with two Holiday vacations in between) and we were finished!

Vacuum Cleaner — Sterling, CO — Town Square Realty
Door Knob — Sterling, CO — Town Square Realty
Wooden Countertop — Sterling, CO — Town Square Realty
White Tub — Sterling, CO — Town Square Realty
Vinyl Plank Flooring — Sterling, CO — Town Square Realty

Nothing that a little (a LOT) of paint can’t fix!!! If you haven’t installed Luxury Vinyl Plank flooring, you’re missing out! This stuff is so easy to cut and throw in, and its so durable! We went with this so our future tenant could have dogs and we don’t have to worry about cleaning/replacing carpets down the road. I even learned how to use a table saw, all by myself.💪🏼

We ended up getting this rented before we were even finished with the floor! Which is why there isn’t stellar after pictures, she was moving in as we were moving our tools out!

Close Deal — Sterling, CO — Town Square Realty

How To Make Your Offer Stand Out

By Johnna • 28 Jun, 2021
In today’s market, it’s not uncommon to be in competition with several other buyers for your dream home. When you find that perfect house, with the chic chandelier and the doggy door for Fido, the last thing you want to do is lose it because your offer didn’t stand out to the seller, Taking the…
Stick Wallpaper — Sterling, CO — Town Square Realty

Should You Try Peel-and-Stick Wallpaper?

By Johnna • 11 Mar, 2021
When you think of wallpaper, you likely picture rolls of material that are plastered or glued in place. Once the wallpaper is up on the walls, that’s pretty much it; while wallpaper can be removed, the process usually isn’t very quick or easy. If you want the look of wallpaper without the hassle, however, there…
Escrow Account — Sterling, CO — Town Square Realty

What is Escrow?

By Johnna • 09 Mar, 2021
When it comes mortgages are concerned, "escrow" and "escrow accounts" refer to two slightly different concepts. Escrow is the process by which a neutral third party mediates a real estate deal, holding money and property "in escrow" until the two sides agree that all the conditions are met for a sale to close. By contrast, an escrow account is…
Camera — Sterling, CO — Town Square Realty

Preparing For Listing Photos

By Johnna • 04 Mar, 2021
Listing photos are the first chance many potential buyers get to be exposed to your home. This is why being prepared for listing photos and ensuring your home looks ready to sell is a key part in the home listing process. Here are some tips to prepare your home for listing photos! Clear Off Kitchen…
Calculator and Coins — Sterling, CO — Town Square Realty

What Is Earnest Money and Why Do I Need It?

By Johnna • 27 Feb, 2021
If you’ve never been through the home-buying process, some of the terminology can seem a bit foreign. One of the many phrases you might come across is earnest money. When making an offer on a home, it is often encouraged to include earnest money with that offer. Earnest money is a payment of 1-3% of…
Beautiful Bathub — Sterling, CO — Town Square Realty

The Best 6 Steps to Take to Increase Resale Value

By Johnna • 25 Feb, 2021
Everyone who is getting ready to sell wants to make the most money possible in the process. While you may see a great deal of value in your home, that love you’ve created doesn’t always translate to financial gain. The best way to actually increase the value of your home and therefore your potential profit…
Tablet — Sterling, CO — Town Square Realty

Is Your Home Ready To Show? Here’s Some Quick Tips To Get It There!

By Johnna • 23 Feb, 2021
While it might be your goal to keep your home show-ready at all times, that isn’t always possible. It is completely normal to have a home that feels lived in - especially if you are living in it! This isn’t a major issue, but something to be aware of if you are getting ready to…
Flip House — Sterling, CO — Town Square Realty

Diving right in to a new flip

By Johnna • 20 Feb, 2021
Derek and I recently purchased our first "flip" house. The home is actually in pretty decent shape. It has a new furnace and a/c, some updated plumbing and all new windows. It really just needs a face lift and some minor repairs. Here's some of the before shots! Our plan is to skim coat and…
Winter Fall — Sterling, CO — Town Square Realty

Prevent Cold Weather Falls On Your Property

By Johnna • 16 Oct, 2020
Winter is coming which means an increased risk of ice on your property. While bad weather can be inevitable, decreasing fall risk at your home can help. Here are a few ways to just do that: INDOOR TIPS The first step to preventing your own falls start indoors. Preparing your entryways can help! Try placing…
Postal Letter — Sterling, CO — Town Square Realty

My Husband and I don’t Vote the Same

By Johnna • 15 Oct, 2020
A lot of people are shocked to hear this when they strike up a political conversation and we shut it down by letting them know we are on ‘opposite’ sides. Most make the comment that they don’t know how we do it… The truth is… We aren’t on ‘opposite’ sides. Who he votes for doesn’t…
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