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FBS Rent Sense for Investor Tax Planning: Improve Now & Add Future Value in San Diego, CA

We have built a healthy San Diego business out of advising independent real estate investors, acquiring and managing rental properties for clients while providing superior housing alternatives for qualified renters. We've accomplished all of this daily for longer than four decades and currently operate rental properties (houses, condos and apartments) in 69 zip codes throughout the region. Our rental vacancies change daily. Take a peek today

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If you’re a local rental owner now you hold a winning ticket if you want a preferred retirement. A preferred retirement includes a personal residence plus rental properties held without debt and managed by professionals. This financial condition allows you some important lifestyle choices – where you live and how you live. The ONLY challenge according to Warren Buffet? Comprehensive and constant professional management of your rental business by FBS.

Rent Sense: Improve To Add Value
By Neil Fjellestad & Chris De Marco
FBS Property Management

Now could be a good time to improve your property in order to preserve its condition overall, enhance its rental value and/or upgrade the appraisal for generating better mortgage terms. If you are looking for additional tax write-off why not re-invest in your rental property?

Renters that rightfully want to feel value for their largest household expenditure are asking for repairs and improvements. Rental increases go down easier when improvements are apparent. Preferred renters stay longer when improvements are consistent. Items such as landscaping, exterior paint, new roofing, plumbing and electrical upgrades tend to benefit investors more than trendy renovations. Floor plan design items that delight residents and most often add value are kitchen or bathroom renovations and wall changes that create usable space and natural light.

More rental owners are taking advantage of low interest rates and better loan terms to borrow against their property equity in order to make improvements. Of course, the interest and cost of improvements are additional tax benefits as well.

Real estate investors need to remember that upgrades to property don’t automatically yield an immediate increase in property value that is equal or greater to the costs of the project. Often, the benefits to your property are long-term. Savvy property owners always keep an objective eye toward the surrounding neighborhood and changing home ownership trends so they don’t “over-improve” their real estate and/or pick the wrong improvements.


Neil Fjellestad's Blog

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