Household Heroes

The News & Observer had a great article this weekend in the paper entitled "Household Heroes". We thought we'd pass along a few of their tips.

• Clean a toilet by dropping two Alka-Seltzer tablets in the bowl, wait 20 minutes, brush and flush.
• Shine rusty chrome with a bit of water on a wadded-up piece of aluminum foil.
• Prevent soot from rusting on the bottom of your fireplace or charcoal grill with foil by lining the bottom of the fireplace or grill with aluminum foil.
• Clean a greasy garage floor with baking soda. Sprinkle it on, let stand, scrub and rinse.
• Clean shower curtains by soaking them in water and baking soda.
• Freshen your carpet and upholstered furniture by sprinkling baking soda on them. Allow to sit undisturbed for a half hour or so then vacuum.
• Eliminate water rings on finished wood by wiping them down with a paste of baking soda and toothpaste.
• Get rid of ants by sprinkling an equal part of salt/baking soda around their entries to your house.
• Dissolve soap scum with from door and tile walls with a dryer sheet.
• Soak cookware with burnt or baked food in warm water and a dryer sheet or two. Also works on cook top and cabinet doors.
• Fight mildew in the bathroom with a few cotton balls soaked in bleach. Leave them in hard to reach spots for a few hours. Then rinse with warm water.
• Clean out a slow drain by pouring a 2-liter bottle of cola down the drain.

Repair Tip: Garbage Disposals

- Turn water on before you put anything into the disposal and continue to run the water after the food has been ground.

-Once a month, slice a lemon or lime (remove any seeds and ends) and grind it in the disposal using the water tip above. This will clean your disposal and leave it smelling fresh.

Featured Property: 214 Northlands Drive

This beautiful home is centrally located in popular Breckenridge neighborhood of Cary, North Carolina. This home is a must see, especially at $1,495.00 per month. Available immediately.

4 bedroom, 2.5 bath
2-car garage
Beautiful eat-in kitchen has center island, refrigerator, dishwasher, gas stove, & disposal
Fireplace in sunny family room
4th bedroom (on 1st floor) could also double as an office
9 ft. ceilings on first floor
Huge master suite has over-sized walk-in closet
Master bath includes double vanity, stall shower plus a garden tub
Laundry room includes washer & dryer
Alarm system
Community pool in cluded in rent
Approximately 2,900 square feet

To schedule an appointment to see this property, please call Lois Rice at 919-607-0170.

To submit an application, please click here.

For more information regarding this property, please click here.

Debbie Henry in the Cary News

Debbie Henry was featured in this week's edition of the Cary News.

Read more about "When Homeowners Become Landlords" here.

Congratulations to Debbie for a wonderful, informative article.

January Market Status Report

Happy New Year from Henry Property Management. It has been a busy start for us in 2009. We have seen an increased amount of properties rented this month, especially under the $1,400/month mark. We have found that tenants, regardless of income, are being more financially conservative and renting well below what they qualify for.

Should you have any questions regarding your current rental property with us, or would like more information regarding your potential rental property, please contact us at anytime.

Debbie Henry
Owner

Henry Property Management

Annette Hall, CPA: Q&A 10

If I have a net income loss the last year the property was a rental property and I do not write off the final year's loss, can I sell the house and not pay capital gains?

No, both the final year’s loss and the gain from the sale of the house need to be reported. Different tax rates apply so it is not a wash effect.

Annette Hall, CPA
515 Keisler Drive
Cary, NC 27518
919-468-0505

Annette Hall, CPA: Q&A 9

If the property management company collects rent money but all proceeds are spent on the property, do I have to report the income?

Yes, the income is reported to the IRS. If the Schedule E is not properly completed it could flag a discrepancy with the tax return and an audit may be initiated.

Annette Hall, CPA
515 Keisler Drive
Cary, NC 27518
919-468-0505