classic property management: Help! The person who owns the house I rent is in foreclosure. (Really a part II) - 05/12/09 06:08 PM
In August of 2007, I posted an article about this. I went back today and re-read it. It's funny how views change (even my own) over time, isn't it? At that time, we had only had a handful of the properties we manage go into default. We would "play it by ear" … (6 comments)
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classic property management: Santa Clarita Rental Market Update - March 20, 2008 - 03/20/08 02:21 PM
So, I know it has been a long time since I have done an update. I sincerely apologize. The last few months have been very exciting. I will try to do a "catch-up" update. Several significant one-time and ongoing occurences have taken place recently that are significantly impacting the rental market … (4 comments)
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classic property management: Santa Clarita Resale and Rental Market Update - 11/27/07 04:50 PM
BELOW IS A COPY OF A MARKET UPDATE I RECENTLY SENT TO OUR CLIENTS:
Dear Client,
In response to a recent survey of 75 clients, I am going to give quarterly updates on the state of the residential resale and residential rental markets in Santa Clarita and the surrounding areas. These updates … (4 comments)
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classic property management: Santa Clarita Rental Market Update - August, 2007 - 08/25/07 09:28 PM
The current collapse of the residential home loan industry is having a HUGE effect on the residential rental market in Santa Clarita, California.
I imagine that it is having the same effect in many parts of the country, but I am going to focus on the Santa Clarita Valley. The current state … (5 comments)
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classic property management: A funny little thing called "DOLLAR COST AVERAGING" and another funnly little thing called the "RULE OF 72" - 07/16/07 07:40 PM
THIS POST IS AN ATTEMPT TO ANSWER THE AGE OLD QUESTION: "SHOULD I BUY?" Of course, we are talking about real estate. I was first introduced to a concept called Dollar Cost Averaging when I was just a wee lad learning whether to buy stocks. It was taught to me by … (7 comments)
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classic property management: Sound Market Advice in an UnSound Market - 07/09/07 01:41 PM
Several times a day, my phone rings and the caller on the other end is a seller with their home currently on the market. Why do these people choose to call me? Well, I have a unique view on the real estate market. You see, my primary occupation is residential real … (24 comments)
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classic property management: Property Management Agreement – Do you know what you signed? - 07/07/07 01:37 PM
WHAT IS A MANAGEMENT AGREEMENT? A Management Agreement is the term used fairly widely referring to the contract used between a Management Company and an Owner of a property. What is included in these agreements varies widely. Not just geographically. You can see quite a disparity in contracts used by companies … (7 comments)
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classic property management: Santa Clarita Real Estate - Rental Market Update - June, 2007 - 06/28/07 06:03 PM
OK, HERE IS ANOTHER UPDATE FOR THOSE OF YOU WHO ARE HAVING A HARD TIME SELLING. The number of calls we are getting asking about the rental market, made by people whose homes are on the market, is skyrocketing. In fact, we are having trouble keeping up! The funny thing is, … (6 comments)
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classic property management: A LENDER ASKED ME TO LIE! - 06/21/07 10:06 PM
Yup, it happened. I had a lender, whose rental properties we manage, call and ask me to tell a little, white lie to make a deal go through. I have always prided myself on being very BLACK AND WHITE when it comes to telling lies. I never thought there would even … (48 comments)
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classic property management: Don't work so hard in DECEMBER! - 06/18/07 11:57 AM
DO YOU BELIEVE IN THE 80/20 RULE? THIS RULE IS ALSO CALLED THE PARETO PRINCIPLE. I do. At least, in many parts of my life. I just gave a short presentation on it at one of my networking groups. I think when people don't understand it, it can really bite them. … (2 comments)
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classic property management: Santa Clarita Real Estate Rental Market Update: May 29, 2007 - 05/29/07 04:31 PM
Just wanted to give you quick update on what the rental market is doing here in Santa Clarita, CA.
The rental market in the Santa Clarita Valley continues to remain strong. This is in direct response to the continuing struggles in the resale sector. With resale still remaining difficult to buy, … (2 comments)
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classic property management: Santa Clarita Rental Home – Caraway Lane - OFF MARKET - 05/25/07 06:29 PM
This is a nice home near Saugus High School (walking distance). Near the intersection of Bouquet Cyn and Seco Cyn.
Bedrooms: 3 + Loft
Bathrooms: 3
Square feet: 1776
Price per month: $2500
Availability: Immediate
Pets: Considered
Parking: 2-car attached garage
CLICK THE PIC FOR MORE INFORMATION!
CLICK HERE FOR MORE LISTINGS!
… (0 comments)
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classic property management: I don't want the headache of owning rental property. - 05/24/07 03:18 PM
I HEAR THIS EVERYDAY AS AN OBJECTION TO OWNING REAL ESTATE. In fact, the other day, a guy told me that his good friend, who is a commercial appraiser, told him that real estate is the worst investment you can make. Now I don't hear that everyday. I asked him why? … (11 comments)
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classic property management: When renting your home, should you take pets? - 05/23/07 11:50 AM
When I go on a listing presentation to list a home for rent, I always use my checklist. Toward the end comes the question, "HOW DO YOU FEEL ABOUT PETS?"
The answers I get are as varied as the houses. Here are the most common? My thoughts are in italics.
"What … (15 comments)
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classic property management: Is your house not selling? Looking for an alternative? - 05/22/07 12:51 PM
I get this call many times a day: "MY HOME IS NOT SELLING! SHOULD I RENT IT OUT?" The answer to this question is: "It depends". I wrote a short article on it. Take a few minutes to read it.
Honestly, selling and renting are not the only two options. In … (2 comments)
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classic property management: Lease-Options on the rise? - 05/21/07 05:03 PM
THE OTHER DAY, I LOST A DEAL TO A LEASE OPTION. Ok, it's probably not what you are thinking. I work heavily in property management. I lost a rental deal. The tenants had already signed the lease, but hadn't moved in yet. Prior to move-in, they called and canceled (which they … (14 comments)
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classic property management: Santa Clarita, CA - Landlording Tips - 05/21/07 12:14 PM
Do you manage your own home in Santa Clarita, CA? Are you thinking of renting out your home in Santa Clarita, CA? Below are a few tips that can lessen the stress in the landlord/tenant relationship.
Screen your renters properly. This is number one for a reason. If you rent your … (2 comments)
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classic property management: No man is an island. - 05/19/07 03:55 PM
I BOUGHT MY FIRST RENTAL PROPERTY THIS WEEK.
We closed escrow two days ago. Here is the cool part: THE PROPERTY IS 2000 MILES AWAY FROM WHERE I LIVE! Working in residential property management, I constantly hear people talk about not wanting to buy property out of state because they can't see … (7 comments)
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classic property management: What has AR done for me lately? - 05/03/07 06:27 PM
Active Rain has been one of the biggest surprises in my journey down the road of building a company. Two years ago I was given the reigns of a fledgling residential property management company. With very little business experience, no formal training, and no formal education in business, I began the … (6 comments)
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classic property management: How to rent my home in Santa Clarita - 04/26/07 01:49 PM
This is purely an informational post for people who are looking rent out there home. Specifically in Santa Clarita, CA, but some of the tactics will work anywhere in the country.
This post DOES NOT contain information on how to properly screen tenants, how to pull credit, criminal, and eviction history, how … (3 comments)
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