The American Recovery and Reinvestment Act of 2009 authorizes a tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009.

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Preparing your property for rent:

Paint - This is one of the easiest remedies to any apartment or house. An apartment should be repainted every two to three years. It is also a good idea to keep all of the walls one uniform color and not allow tenants to re-paint, because you will always have a reference point of what the place looked like when they move out.

Carpets & Hard surfaces - All carpets must be professionally cleaned and all hard surfaces mopped.

Blinds - All blinds must be cleaned, broken ones should be replaced. Blinds are not expensive, and make a huge difference.

Lighting - Old lighting fixtures can make a place look old and uncared for. New lighting fixtures are inexpensive and can give your place a quick face lift.

Bathroom - New fixtures, vanities, towel rods, toilet paper holders, and in some cases, a new toilet or sink should be appraised every time that a tenant moves out.

Kitchen - This is one of the most important areas. All appliances must be in good working condition; cabinets and counter tops must be in good shape and cleaned, floor and tile should be up to date.

Heating systems - Heating systems should be cleaned and serviced by a professional annually.

Doors and windows - All windows and doors must be on working conditions, all knobs should work and still lock. One other thing to check with the windows is whether the paint is chipping. Chipping paint at windows is one of the most common sources of Lead Poisoning.
 

Advertising your property:

Past Clients & Customers
- We have helped 100's of people with their housing needs in the past, many of them come back to us when their leases are up. These past clients and customers have a history with us and are a very good source or quality tenants.

Local newspaper advertising - Our company advertises all our properties in the local newspaper. In a very competitive rental environment, the Newport Daily News has proven to be an effective tool in locating quality tenants.

Internet Marketing - In today's competitive rental market is very important to capture all potential tenants through the internet. Our internet marketing plan submits our properties to several websites including the following:

 
backpage.com
craigslist
FrontDoor
Google Base
HotPads
Oodle
Properazzi
Trulia
Vast
Zillow


 

Signing the lease:

Once a potential tenant has been located. a member or our team will verify his / her information.
Tenant must submit a rental application including past landlord and job references. Tenant must agreed to have his credit check.

Our team will prepared all required documents to complete the rental process. Our lease covers the following points. Additional provisions can be added to it or remove from it.
  • Duration and terms of lease
  • Pets
  • Parking
  • Subletting
  • Payment of utilities
  • Duration of lease
  • Late payment fees
  • Right of inspection
  • Ending of lease
  • Damage to premises
  • Occupancy rules and limits
  • Who is in charge of upkeep
  • Lockouts
  • Extensions of the lease
 

Jorge E. Muralles
Team Leader
Newport Asset Management Group
1 Commercial Wharf Suite B1
Newport RI 02840

401-855-1335

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