Basics of Property Management: Screening Potential Tenants

Basics of Property Management: Screening Potential Tenants

Four Family-Friendly Tips When It Comes To Buying A Lakefront Property

Jesse Obrien

Whether you are looking to buy lakefront property, this can be a peaceful setting that your entire family can enjoy. It is important to factor in the safety and needs of children when conducting your home search. Here are four-family friendly considerations to keep in mind when looking into lakefront real estate.

1. Basic Water Safety Needs

If you have found a home that is right on the water, this might seem like a dream, but factoring in child safety on and around the water is a must. When viewing properties, keep an eye on how far the home is from the water and if you can see the shoreline from the deck or home for supervision purposes. You may want to add in a locking gate to keep kids from accessing the water on their own and to keep others from wandering onto your property.

2. Dangers of Remote Locations

If you are looking to get away from it all, you need to make sure this is really fits with your lifestyle. Kids get hurt and accidents happen. Knowing how quickly emergency services can get to your lakefront home, the access and quality of your road, and the distance to town when it comes to seeking out urgent care need to all be aspects in your lakefront home search when you have small children.

3. Renovation Needs

You might be looking more for the location of a property than the property itself. If this is the case, the home you find might need a bit of work after purchasing. Planning for renovations, especially with kids, needs to be well thought out. If you will be living in your home while work is done, make sure kids know to stay out of the contractor's way. You may want to get them out of the house during the day when you can so that kids don't get into trouble.

4. Understanding the Neighborhood

Spending a little time in the lakefront community that you are looking to buy in will give you an indication if your family will be a good fit. If you find that a street is filled with younger couples that like to have summer parties and barbeques well into the night, this might not be ideal for your children's needs. Finding a neighborhood with a nice mix of families can hopefully set the tone for respectful neighbors.

It can be easy to fall in love with the look and location of a home, but if you have little ones, there are some additional aspects that you should take into account. Try to find a real estate agent that is local to the area and understands the specific needs of family buyers as well. Making sure a home and the surrounding areas are safe and family-friendly needs to be priority in your search.


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About Me
Basics of Property Management: Screening Potential Tenants

For the last several years, I've used a property management firm to help with my rental properties. One of the tasks that they handle for me is screening applicants who would like to move into one of my vacant units. Their expertise has helped me lower my tenant turnover and find people who want to stay with me for years. Part of the process is a tenant screening credit check. Before any further contact takes place, my manager orders credit reports from at least two agencies. That is enough to tell us if an applicant is a good financial risk. Assuming the references work out, I meet the candidate and make the final decision. If you own rental properties, let me tell you more about the benefits of having a property manager. I'm betting you'll find this type of arrangement will work for you too.

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