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Home Page > Home Improvement > Interior Design > Three Great Space Saving Furniture Ideas For Rental Properties

Three Great Space Saving Furniture Ideas For Rental Properties

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Posted: Jul 21, 2010 |Comments: 0

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If you own a rental property, you want your guests to enjoy their visit to your. Many rentals are small and it can be a struggle finding furnishings that will provide your guests with the amenities they expect that don’t take up all the room in every room. There are three great pieces of space saving furniture for use in rental properties you should know about.

For starters, they need comfortable beds. The master bedroom would look great with a queen-sized bed that has headboard that doubles as a bookcase makes the room seem even more accommodating. The beds in the second bedroom could be twins, or you could save space by using a trundle instead. That way the kids or other guests can slide the second bed beneath the top and have lots more space during waking hours.

Another great selection from today’s many kinds of space saving furniture is the computer hutch or secretary. Guests will want to check emails, read the news and get the wave forecast via the Web. Offering them a computer desk with hook up or WiFi is good business. These small, multi-functional pieces can give them all of that with style, even offering space for a few old fashioned books to be stored on the shelves.

On the deck or patio, try a weatherproof padded bench with a storage trunk beneath. It can be a great seat and inside you can store inflatable rafts, a bike pump, a set of horseshoes and all of the other outdoor family fun gear that doesn’t really need to be inside the rental unit.

These are just three ideas on making your rental more spacious without adding more space saving furniture ideas. You can probably come up with more. Whatever you do, don’t stop trying to offer your guests more value for their dollar. That’s what will keep them coming back again and again.

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Learn how setting up recurring rules can save you a lot of time in SimplifyEm.com Property Management Software. Save hours and weeks and eliminate data entry. Only review your transactions and stay on top of y our property income and expenses.

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Have you recently sold any of your rental property? Are the taxes on your capital gains are a burden for you? Are you looking for some way out to reduce these taxes and keep most of the profits you made from this transaction?

Then you need to know some intricacies of capital gains tax rules.

If you had purchased rental property at a lower price and now sold it with a respectable margin on it, this difference you could get is the capital gain and the same is taxable.

Remember, IRS gives preference to home owners. An average home owner will be charged leniently as compared to a property investor. So the capital gains tax varies as per different types on property owners.

One good thing about the capital gains tax is that it is lower than the income tax. It is convenient if you buy the property and wait for one year before you sell it. This way you will have to pay taxes at an average rate of 10 to 25 %. But if you plan to sell your rental property before one year, then your earning is considered as short term capital gains and you have to pay heavy taxes on it which may be same as the ordinary income tax.

If you have your rental property overseas, you need to check the capital gains taxes rules over there. As in some countries like United Kingdom to encourage foreign investors, they do not charge any tax from them for their capital gains.

Some proven tips for saving on this tax:

You can avail the benefits on tax savings by becoming a home owner than a property investor.

To qualify to the criteria of home owner, you have to stay in your rental property for a minimum of 2 years. You may have rented it in past  but then you have to stay in it for two years out of five years block before you sell off. Then it will be considered as your own home for tax purposes.

If you are a married couple selling your own home, the profit of first $500,000 is not taxable as against a sole owner who is eligible for tax exemption on the first $ 250,000.

If your sale is just a rollover, you may be charged absolutely nothing towards your capital gains. So you are selling your rental property only to purchase a new property of that type, it will be a rollover.

This rollover refers to section 1031 of the internal revenue code. To satisfy the clauses of this section you have to finalize on a new property within 45 days of the sale and the deal has to be completed within 6 months.

Remember, selling your rental property in cash emergencies is not a good idea. Then it is difficult to reduce the liability on capital gains. And this is the reason why I advise property owners to put aside some of your funds for emergencies such as major repairs.

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If you are like most people the world over, when you are planning a holiday or vacation you do have an eye trying to save some money when at all possible.  The same is true if you are looking for a Gold Coast accomodation.  Through this article you are provided some basic information about how you can go about saving money on your Gold Coast accomodation options, particularly on one or another of the Gold Coast apartments that you might want to rent for your Gold Coast holiday or vacation.  Armed with this information you will be able to have the trip of a lifetime and not overspend in the process.

 

As you may know already, Gold Coast is a major travel destination in Australia.  Nearly 1,000,000  visitors from other countries the world over come to Gold Coast each year.  (Many of these people are like you and are interested in Gold Coast apartments that are available for holiday travelers.)  Beyond the international holiday travelers, over 3,000,000 Australians travel to Gold Coast each year.  (These also include a significant number of people who seek Gold Coast apartments available for holiday rental as their primary Gold Coast accomodation option.)  Tourism is the top industry at Gold Coast (and for good reason). 

 

The surf beaches are the largest draw when it does come to a Gold Coast holiday or vacation trip.  Therefore, most visitors prefer Gold Coast apartments for holiday rental that or located at or that have a view of the beach.  In order to enjoy at least some price break on this type of Gold Coast accomodation, it is important that you plan your trip very early on.  You have the best chance of getting a lower rate on Gold Coast apartments available for holiday rental and that are located near the beach if you do book at least six months in advance.  (You also need to keep in mind that this type of Gold Coast accomodation is extremely popular.  These properties do fill up very early on and as a practical matter, even if saving money is not your primary objective, you still need to reserve early.)

 

The Internet and World Wide Web can be a helpful tool for you when it comes to trying to save money one Gold Coast apartments and other holiday or vacation Gold Coast accomodation options.  Therefore, you will want to make sure that you do check out what is available online when it comes to your desire to find affordable Gold Coast accomodation options, including possible Gold Coast apartments that are rented out to holiday travelers.

 

Finally, in recent years, more and more people are engaging in property swaps when it comes to holidays.  If you live in a community that has a tourist trade, you may be able to swap your own residence for one or another of the available Gold Coast apartments and really end up saving a good amount of money on your Gold Coast accomodation.

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First National Real Estate tips on saving water at home

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