Beautiful DUNLORA Villa Home Available For LEASE * July 1 * $2195 * Garage and Walk-Out Basement - 03/31/12 12:27 PM
Rental Home - Charlottesville, VA Villa rental,
… (3 comments)

Ten Reason Why Owners Should Not Do Maintenance - 03/31/12 03:59 AM
This is a GREAT list and DIY landlords NEVER think of the routine maintenance or emergency repairs that need attention at their INVESTMENT when they get excited about IT!  I've got removing kitchen TRASHcompactors and returning kitchen cabinet space to an ART
Via Kevin Mackessy (Blue Olive Properties, LLC):
As professional property managers we all see them: investors and property owners who insist on handling their own maintenance. Some are capable and do a good job, but most honestly do not. They want to use their own vendor, friend or relative for maintenance. We are often at a loss as to what … (7 comments)

Professional Property Management Makes Life Enjoyable Again - 03/30/12 03:11 AM
Although I agree this is a GREAT list * I pass on service inquires that ask about my prices FIRST.....they are dialing for dollar$ and I'm no longer playing that game.
If they want an experienced, PROFESSIONAL property manager with the resources to give them a BETTER BOTTOM LINE * that's ME...otherwise, hire a property manager who only does postlets html on Craigslist and does not call an HVAC service firm until the system is not working.
Via Kevin Mackessy (Blue Olive Properties, LLC):
So you took the plunge into real estate investing. Or you have to move and can't sell your … (7 comments)

Beware of using Groupons for required services - 03/29/12 09:53 AM
I provide my departing residents with a list of my approved vendors for cleaning, carpets and yard.  If they do NOT use them and I have to REdo inferior work, I charge a 20% service charge from their deposit!
Via Drick Ward (EXiT REALTY CENTRAL):
Most property managers require a tenant to have the carpets in home they rented professionally steam cleaned at the end of their lease.  Recently, some tenants have purchased Groupons to get the cleaning done.  The problem is that firms who utilize groupons give a lower priority to those service calls because they don't make as much money … (1 comments)

A CURRENT Client wants to BUY ANOTHER Rental Home - I'm Advising Him to..... - 03/29/12 04:29 AM
....buy NEW.  WHAT?  WHAT?  There are deals out there for LOW priced single family homes.  Why would I advise him to BUY a NEW property?
First, in our area, the "DEALS" are in UNdesirable areas; are condo-conversions which do not rent because their HOA fees are too high; or will take way too much CA$H to bring up to a rentable condition.
Second, the timinig of placing a rental unit "in service" is KEY.....starting NOW to look is WAY TOO LATE as our rental season will fade when schools start in August.  There is not enough time to find, buy and … (8 comments)

Tis the SEASON! Common Deductions from Security Deposits! - 03/28/12 04:02 AM
1. Tiny holes in the wall You’ve hung up some pictures while living in your rental, and now the pictures have come down and left tiny holes in their place. They may seem barely noticeable to you, but they won’t to your landlord.
Check with your landlord on what you need to do and if your landlord says they will be considered "damage" you should patch them up before you leave. This Old House recommends putting a small amount of spackle in the hole, letting the spackle dry, and sanding over the spot to smooth it out. It shouldn’t take more than a couple … (9 comments)

Investors EVERYWHERE SHOULD Take These Steps To Successfully Rent Your Home - 03/26/12 02:49 AM
I would add that many professional landlords do NOT give verbal references for security reasons.  Have applicants sign authorization for this information when they sign applications and then call or e-mail current and past landlord and offer the signed authorization to complete.
Via Winston Heverly, GRI, SFR, CDPE, CIAS, PA (Winston Realty, Inc.):
Investors Take These Steps In Palm Beach County to Successfully Rent Your Home
 
This message is for all those novice investors joining the rental game. Yes, the rewards can be great, but so can the pitfalls, if you don’t follow a few of the basics.
1.    … (7 comments)

AWESOME Large Home for Lease * Forest Lakes South * Available July 1 * $2,795 - 03/24/12 04:28 PM
Rental Home - Charlottesville, VA Single family rental,
… (1 comments)

His/Her Master Suites in this 3-Level Townhouse Available July 1 for $1,465 * Pet OK - 03/24/12 04:23 PM
$1465 / 2br - Move-in July 1 * LG Townhouse w/Family Rm & Lots of Storage (5 Min to Downtown/Pantops) Date: 2012-03-24, 6:56AM EDTReply to: see below [Errors when replying to ads?]
 
Rental Home - Charlottesville, VA Townhouse rental, … (0 comments)

SUPER Large Townhome Available July 1 for $1695 * Walk to new Martha Jefferson Campus & Starbucks! - 03/24/12 04:20 PM
Rental Home - Charlottesville, VA Townhouse rental,
… (0 comments)

This is how the rental process should work! - 03/24/12 02:48 PM
5 days is way too long....in our area, apartments are in good supply; however, SFRs, townhouses in good school districts rent within DAYS of my posting on my website * often they rent sight unseen!
Via Kat Palmiotti (Better Homes and Gardens - Rand Realty, Monroe NY):
From lead to customer to client to finding an apartment to making an offer to getting an offer accepted to signing the lease to moving in = 5 days!!
 
I am working with a few rental clients.  It’s taking a while to find the right place since their needs are specific and not too … (1 comments)

YES! It's a LANDLORD's MARKET * DIY Landlords STILL Need Professional Property Managers - 03/24/12 04:38 AM
I will be working on my mailing labels this weekend for my April brochure mail out to approximately 300+ investor owners of properties that are DESIRABLE rental homes and who NEED my management EXPERTISE.
I am using my .....Time to Get a NEW Property Manager blog post for my mailer and although many of these "target" landlords are doing it themselves, the point of my mailer is that they need a NEW property manager * ME! and here is why....
DIY landlords who want to MAXIMIZE their income and who FOCUS entirely on the MANAGEMENT FEE they will pay a property … (13 comments)

You are NOT getting a Call BACK from me or showing my Rental Listing BECAUSE... - 03/23/12 02:37 PM
You are NOT getting a call back from me or SHOWING my Rental Listing BECAUSE.......
1) YOUR assistant called me from your office fax line with no voicemail;
2) YOUR assistant failed to give me a call back # in her voicemail message;
3) YOUR website does not list your assistant or HER e-mail OR her direct office line;
4) YOUR website has ONEROUS sign up requirement to get a message to YOU;
5) YOUR assistant indicated you wanted to show an OCCUPIED rental home on the WEEKEND with less than 24 hour notice;
6)  YOUR assistant failed to provide when … (10 comments)

Be Prepared NOW has a DIFFERENT Meaning * Sorry Boy Scouts! - 03/20/12 03:45 AM
Tenant prospects are viewing rental properties online and then scheduling viewings via the listing Inquiry/Contact option on my website.
Once I determine 2 viewing time slots in my showing schedule, I e-mail them to  they pick one.  I then notify my current residents of our showing time and indicate that they do not need to be present as I will use my file key for entry and to please have their pets secured or gone from the property.
This is done 3 often 5 days in advance and if the property is currently occupied, the prospects have already viewed it with … (46 comments)

Do You Need to Generate Interest on a Tenant’s Security Deposit? DIY Landlord NEED to KNOW This! - 03/20/12 03:04 AM
The payment of interest is ENTIRELY state and locally mandated and is not something that is a ROUTINE process.  Landlords need to know the state and local laws under which they operate their rental property and plan accordingly.
Via Zach Devine (RentApp.com):
Do You Need to Generate Interest on a Tenant’s Security Deposit?
Most landlords collect a security deposit to make sure that they have money to cover any damages caused by the tenant. This is something that you can inform prospective tenants of via a rental application form. This money is most often required when the lease is signed (and the … (3 comments)

RENTERS BE READY TO DISCUSS ANSWER AND EXPLAIN QUICKLY EVERYTHING - 03/19/12 06:46 PM
..and have move-in monies in your checking account and your check-book with you when you view the property....you go back to square 1 if you don't have the funds to hold the property.
Via Richie Naggar Ran Right Realty Riverside, Ca:
I get calls from people who are not used to renting or shopping for a place. Either they are just starting out or they hadn't been out there in quite a while. Here are a few pointers that heighten the awareness and help form a second skin before you need it
WHERE THE RUBBER MEETS THE ROAD
Here is the rubber … (3 comments)

Screening Prospective Tenant * Homeowners to Tenants Changes the Rules - 03/19/12 10:56 AM
I Google FIRST, then check Fb and then work with their application paperwork.  I use a tenant screening service and they do the other verifications.
With so many homeowners now becoming renters, past landlord references are passe.....I want to know that their mortgage is current and if their property is RENTED.
Via Judith Abbott (Coldwell Banker Residential):
Screening a prospective tenant is a 4-step process.  You want to do a credit check, a criminal background check, a prior rental history check and an employment check.  If you find yourself tempted to short-circuit the process, just ask yourself if you would hand over … (1 comments)

MESSAGE FROM PRESIDENT OBAMA - 03/19/12 03:49 AM
Via Webster, Ma Conrad Allen, Realtor (Re/Max Professional Asociates):
There are some very clever people in this world.  Look closely at the hand dryer.  It says "Please press button to hear brief message from our President".  Somebody went to a lot of trouble to print out that message on a medium that would stick to the hand dryer.
Every four years we get bumper stickers making fun of somebody.  The attack ads will be like May flies swarming all around us.  They must be effective or they wouldn't be so prolific.  President Obama is supposed to raise 1 BILLION dollars in his … (11 comments)

Apartment deck repairs are on the rise in Sacramento - 03/19/12 03:02 AM
I am doing PRE-move out inspections of properties going vacant this summer for approx 2 weeks between tenants and powerwasing the exterior and then seasling the decks is on my list for many single family homes....do them together and save time and $$$
Via Tom Arstingstall - Dry Rot, Water Damage General Contractor in Sacramento (Dry Rot and Water Damage in Sacramento ):
Apartment deck repairs are on the rise in Sacramento
 
As a general contractor, with decades of experience with repairs in apartment communities, I get to see patterns and consequences of improper repairs made over the years. Many … (1 comments)

I Fired My Agent Because He Told Us 2 "Drive By The Listings First Before Viewing." - 03/18/12 01:21 PM
Interesting * a very successful local landlord ONLY provides the property address in their ads....prospects MUST drive by the property to get the landlord's phone # and that way the landlord KNOWS they are interested when they call....
Via Greg Nino Houston Texas (RE/MAX West Houston Professionals):
Can you imagine house hunting and being told by your real estate agent to drive by the homes you want to see before being shown the inside? How would you respond and why?
Usually if someone is asked to perform a drive-by it's because the opportunity is of low importance to the agent. Maybe the … (3 comments)

That New Car Cost You A New RENTAL House - 03/18/12 09:35 AM
This is also true for qualifying for a new rental home.  I have had rental prospects tell me about their GOOD CREDIT because of the NEW Lexus, BMW or Cadillac they are driving.....HEY!  You lowered your credit score so NOW you do not qualify
Via Doug Rogers- Your Pineville Louisiana Agent (Bayou Properties Realty):
 In his defense, the new car was sweet. A Car and Driver 10Best, the BMW 3 series was worth a second glance. The exterior was a work of art, and the interior had enough leather to make a cow nervous. So why did this pretty car cause … (2 comments)

When to leave your PRE-Renting home improvement projects to a professional - 03/18/12 07:43 AM
I am advising homeowner would-be property management clients to "let me" arrange for any repainting and repairs they may need once they leave...it puts the cost into their tax return AND I know it is done correctly!
Via Captain Wayne Rowlett (Rowlett Real Estate School LLC):
That honey dew list or a few little projects you have in mind around the house, some of them you can do yourself, like painting the bathroom. Others are more challenging, like installing a new exterior door. Do you accept the challenge and start shopping for a door, or should you hire a professional? Before you … (1 comments)

Foxfield Area Home for Lease * Available August 1 * $3595 * 10 Min to Barracks Rd & UVa North Grounds - 03/18/12 06:18 AM
Rental Home - Charlottesville, VA Single family rental, … (1 comments)

Lake Monticello Home Available for Lease July 1 * $1095 * Fenced Yd * Pet OK - 03/18/12 06:05 AM
Rental Home - Lake Monticello, VA Single family rental, … (1 comments)

Townhouse Available July 1 * Adjacent to PVCC Campus * Minutes from UVa Med Center - 03/18/12 06:02 AM
Rental Home - Charlottesville, VA Townhouse rental, … (0 comments)

NON-Payment of Rent is NOT the ONLY Reason that Residents and Homeowners are being EVICTED - 03/17/12 10:03 AM
The HuffPO article on CRAZY EVICTION STORIES of 2011 is interesting because many of those being EVICTED are actual Homeowners and are not TENANTS.
http://www.huffingtonpost.com/2012/03/16/joey-dibenedetto-eviction_n_1353384.html?13
The process of REMOVING unlawful residents from real property is called EVICTION and although it generally applies to tenants, in the last few years, it has applied to homeowners whose property has been foreclosed.

According to WikipediA *Eviction is the removal of a tenant from rental property by the landlord. Depending on the laws of the jurisdiction, eviction may also be known as unlawful detainer, summary possession, summary dispossess, forcible detainer, ejectment, and repossession, among other terms. Nevertheless, the term eviction is the most commonly used in communications between … (7 comments)

How Important Is Parking, Really? - 03/17/12 03:14 AM
Do you have pets and how many cars do you have are questions I ask in my PREscreening of callers/inquiries.  Many areas do not allow over-night parking on the street so leaving an extra car out over night can get it TOWED!
Via Zach Devine (RentApp.com):
How Important Is Parking, Really?
When you purchase an investment property or intend to put your rental on the market, you’ve got to consider just how important it is that you offer parking. After all, who knows if it might mean the difference between renting your property and having it sit vacant. So should you make … (6 comments)

Stating " No Kids" cost Northern VA Broker $5000.00 Fine - 03/14/12 07:09 AM
It is interesting that the displaying of a fair housing poster is back as a conciliation condition.  30+ years ago, this was a BIG deal and when the logo was shown on many signs and cards, it was a recognition that their had been a violation.
Via Jeff Pearl (RE/MAX Distinctive / LIC in VA MD DC):
Discrimination just won't go away. 3 recent Fair Housing Violation cases in Virginia costs agents and owners fines of $5000.00, $13,000.00, and $10,000.00. In case (1)( Alleged violation / Protected Class) - ( Refused to rent / Familial Status ) ( Made discriminatory statement / … (5 comments)

YES! Properties change with TENANTS * but with a Professional Property Manager NOT so much - 03/14/12 03:58 AM
Local area rental prospects are confused that many desirable properties are being rented BEFORE they can arrange their schedules to see them.
While their new home selection may be 3rd of 4th on their family's PRIORITY list, there are many new-hire to the area who are organizing their move NOW and renting homes directly from my website.
A recent local prospect indicated she would not provide her personal information on my 1-page rental application without first seeing the property to which I responded that that was not my process.
I do not take unknown persons * even if they are living … (18 comments)

You Might Be a Rental Prospect BACKUP if......Feel free to ADD on your thoughts! - 03/13/12 02:49 AM
Area rental prospects who think that they are in control of their new rental home selection are getting a RUDE awakening
1......you come into town with no prior PREscreening conversation with me * you might be a Rental Prospect BACKUP
2......you think that your wanting so view an occupied property takes PRIORITY over my current residents' schedule and plans for their family * you might be a Rental Prospect BACKUP
3......you fail to provide a completed rental application prior to my scheduling your viewing of an occupied property * you might be a Rental Prospect BACKUP
4.....you bring your ENTIRE extended family to a … (11 comments)

In my NEXT life, I want to Be JR's Property Manager - 03/12/12 05:43 PM


So....where did the FIREY #42 that wrecked by hitting the Jet Dryer at the Daytona 500 go?     JR's back yard.
In addition to having a REAL cowboy town called Whiskey River (same name as his Charlotte night spot) with guest rooms, jail, saloon, Dale Earnhardt, Jr. has a "graveyard" for auto wrecks.
His latest addition is the #42 of Juan Pablo Montoya from the wreck with the Jet Dryer at the Daytona 500.
JR has indicated he'd like the Jet Dryer wreck but he expects NASCAR is studying it somewhere.
… (2 comments)

Three Tips for Real Estate Investing * FIRST * Put a Property Manager on your TEAM! - 03/12/12 03:40 PM
Put an area property manager on your team.  Many new investors who buy college rental properties do not realize that they rent in Oct for the following June....missing this small fact can cost half-a year's income!
Via Emcee M. Arah, CDPE, CIAS, REMAX ~Sil Spr, MD~ EMA Real Estate Group (Remax Excellence Sil Spr, MD, VA & DC.):
Whether you're a seasoned real estate investor or a complete “newbie,” you'll likely agree that it really helps to have someone provide insight and advice. Everyone can use input on ways to save time and money, right? Here are a few tips which you … (3 comments)

Large Townhouse for Lease * $1,395 * Available July 1 * Family Room w/FP * Pet Considered - 03/11/12 12:42 PM
Rental Home - Charlottesville, VA Townhouse rental, … (1 comments)

3-Level FORMER Model Townhouse for Lease $1,995 * Available July 1st....Many Extras - 03/11/12 12:35 PM
Rental Home - Charlottesville, VA Townhouse rental, … (0 comments)

Yes, Maybe, But Mostly No – Top Five Questions About Terminating Rental Leases. - 03/11/12 06:20 AM
This is a GREAT outline of what can cause a tenant to went to end a fixed term lease.  LEASE end policies can allow landlords and property managers to mitigate damages to departing residents AND create an income stream.
I have a lease REwrite fee: a lease TERMINATION fee and a LEASING fee......
Via Gabrielle Kamahele Rhind, Broker/Owner (KGC Properties LLC, Tucson Property Management & Real Estate):
Often, I get asked if rental leases can be terminated and security deposits refunded under certain circumstances.  Here are the most common questions asked – and the answer:
I’m in the military – can I … (4 comments)

PROOF! New York Investors are CRAZY * Stand on your head, CRAZY! - 03/10/12 01:26 PM
$1750 / 3br - 1000ft² - Pelham Village - prime loc middle of the village, no car needed (Pelham, NY) (map) Date: 2012-03-10, 4:13PM ESTReply to: mndzj-2895300783@hous.craigslist.org [Errors when replying to ads?]
 
Prime location in center of a quiet and safe upscale village, walk to train (25mins to Grand Central), walk to supermarket, great schools, walk to restaurants. Huchinson parkway very near by. Apartment offers 2 large bedrooms, one small bedroom/office, alley kitchen, 1 bath, living/dining room. Ideal apartment for working couple with or without a child. No pets please. 1 month security & 1 month rent required, credit & reference check … (6 comments)

Don't Hate Us...We Tried, We Really Tried To Show Your House - 03/10/12 04:44 AM
I take photos of properties I manage when they are VACANT/after the homeowner has vacated and before my new tenants move in.
I have wondered why BUYER'S agents do not take marketing photos of the home as it is VACANT and BEFORE their buyers move in and send them a reminder post card in a month or so to let them know that the agent has the photos and is ready to help them with their next move!  So very simple and I have never heard of agents doing it
Via Larry & Sheila Nassau/Suffolk LongIsland Relocation Certified~631-805-4400 (Charles Rutenberg Realty … (5 comments)

Busy Property Managers Need their OWN Web Site to Showcase Their Rental Listings - 03/09/12 03:35 AM
As more and more real estate agents get into the leasing/property management biz, I see that few are actually electing to have a DYNAMIC and useful website to showcase their rental listings and provide information to prospective rental customers.
I have been fortunate to partner with HomeRentals.net * HERO * http://homerentals.net/Sites/HRN/  a NATIONAL rental housing website featuring single family home listings.
With three Clicks * I can FIND a prior listing; ACTIVE that listing; EDIT the listing to change NEW rents/date available.  Through my urging they also provide an html for blogging the listing and posting to Craigslist with an "export" feature.
Newbie … (11 comments)

New Twist on the Consequences of Not Following Lease Terms * DENIED Security Clearance! - 03/07/12 12:20 PM
I rent to numerous military families who are attending the University of Virginia Judge Advocate General (JAG) law school as well as who are stationed at a CIA/military facility.
One of the "consequences" is that I frequently get inquires about former residents from government contractors who are doing a security background.
I received such a call yesterday and I did not remember the resident's name * he has ONE last name and his wife has a DIFFERENT last name and I only dealt with the wife.
So the "investigator" comes to my office this morning and I give him the information … (5 comments)

ActiveRain Members * KNOW your local NASCAR Track * BLOG your local HAULER Parade... - 03/07/12 03:48 AM
In TRUE NASCAR fashion * the ORDINARY routine of getting NASCAR cars and teams to their weekend tracks for races has become an EVENT.  
ActiveRain members who live near Las Vegas will have an AWESOME opportunity to blog about the PREMIER NASCAR Hauler Parade down the Las Vegas strip Thursday/tomorrow 6 to 8P.  I love the photos of the haulers that are shiny and sleek with their headlights on!
It is my understanding that these parades originally started as a promotion for the weekend races to the local population and then became a "happening" due to sponsors and local community … (8 comments)

I am but a LOWLY PROPERTY MANAGER, Mr. Mortgage Broker...I'll SOLVE your Problem at the 11th Hour! - 03/06/12 01:59 PM
I have a long-time property management client who is refinancing her local rental home before she starts a trip of several months.
The appraisal was done last week and I e-mailed the lease and lease renewal letters to the mortgage broker last week.....TODAY I get a call that the exterior needs to be pressure washed, a screen door fixed and a piece of dry rotted wood replaced......NO PROBLEM in 8 inches of snow.
HELLO!  it is 28 degrees and there is snow all over the ground.  Screen door is the resident's responsibility as they backed into it....the piece of wood, no … (9 comments)

YES! I want my Rental Listings off of ZILLOW and TRULIA! They are providing INCORRECT Information! - 03/06/12 05:11 AM
I have stopped using my postlets account because they took my $250 and then "disappeared" $$$ and offered me something that I do not need as a rental agent.  UGH!
Now that our area rental market is so tight, rental prospects are branching out and searching on Zillow and Trulia and those listings are INCOMPLETE and they have the SALES information for the property.  DOUBLE UGH!
This listing has been placed through my website host under a "partnership" agreement and I have asked them to remove Zillow and Trulia from my migration sites for my listings.
… (6 comments)

Tenants not opening the door for scheduled showings * Provide Notice * Get a key! - 03/05/12 08:33 AM
When I need to have tenants allow entry, in my e-mail notification, I advise them to arrange a convenient time OR I will allow the sales agent, appraiser, service vendor to pick up a key at my office.
I'm curious why the property owner did not provide a key to the listing agent so that a lockbox could be in place?
Via Kim Boekholder (Broker,CDPE,IMSD,EPro) Homes For Sale In Utah, UtahReal Estate (Results Real Estate, LLC 801.580.5624):
Tenants not opening the door for scheduled showings.  I get frustrated for the sellers and my buyers when a tenant wont open the door for … (3 comments)

Rush may be loosing advertisers - NOT LISTENERS or Radio Stations! - 03/05/12 07:23 AM
The New York Times is reporting that the 7th NATIONAL advertiser has left El Rushbo's noon to 3, weekday radio show over his comments about a 30-something Georgetown law student's desire to have taxpayers pay for her birth control.
Rush did not make this the story * President Obama made it the story by commenting on it and making it about RUSH and the use of a term that is only a pejorative for people over 40.
This is an attempt to demonize a Conservative icon and while the REAL story is why the most influential leader IN THE WORLD is … (20 comments)

Rental Prospects SEARCHING Using Phone Apps! They are NOT getting the ENTIRE Picture! - 03/05/12 05:28 AM
As more rental prospects are viewing our area rental properties on their smartyphones, I realize that much of the information on HotPads, etc is truncated so they are not getthing a FULL rental listing INCLUDING the date the property is available.
My web site host, HomeRentals.net, has HotPads, Trulia, Zillow as "migration" sites for my listings.  They also provide listing html for posting to my blog and to Craigslist.
The information provided on these "migration sites" is frustrating to them and to me as I have to respond to their e-mail and REdirect them to my website where the information is … (2 comments)

How Involved Is the Landlord in the Atlanta Home or Condo Rental Process? Hey! That's MY JOB! - 03/05/12 04:28 AM
 
Are you looking for a specific Intown Atlanta neighborhood to focus on?
Contact Thomas Ramon Realty and we can set up a search for any specific neighborhood you are looking for!  
… (2 comments)

So.....Tenants are UNHAPPY about their "Plights"! What about Foreclosed/EVICTED Homeowners? - 03/05/12 03:55 AM
There’s something fundamentally demeaning about being a renter about having to ask permission to change the showerhead, about having to mentally deduct future losses from deposit checks for each nail hammered into the wall to hang family photos. There’s something degrading about the annual rent increase that comes with this implied taunt to its captive audience: What are you going to do, move out?
http://www.theatlanticcities.com/housing/2011/11/forever-renter/484/
Reading an article on the INequities of being a renter in the new "landlord's world" in MotherJones and the writer wanting MORE protections for US renters like they have in Europe puts me in mind of … (11 comments)

Please Rearrange Your Schedule! - 03/04/12 07:51 AM
Tom makes an EXCELLENT point about showings.  IMHO * the listing agent should have noted the naptime in their Agent Instructions.
When showing occupied rental properties, I require a 1 hour REconfirmation phone call and I will ONLY wait 10 minutes for someone to show up....I frequently have multiple showings of the same property or different prospects in the same area....don't be tardy to MY party!
Via Tom Branch | Broker, CDPE, SFR, ACRE | Plano TX Ambassador | 214-227-6626 (RE/MAX Dallas Suburbs):
I'm often amazed at the things sellers unknowingly do to make selling their homes more difficult.
I was scheduling … (5 comments)

Townhouse for Lease * Available NOW * $1,795 * First Floor Master Bedroom * 5 Min to NGIC*DIA*CHO * Pet OK - 03/04/12 04:25 AM
Rental Home - Charlottesville, VA Townhouse rental, … (2 comments)

Lake Monticello * Home for Lease * $1,595 * Available July 1 * 15 Min to MJH & UVA - 03/04/12 04:18 AM
Rental Home - Lake Monticello, VA Single family rental,
… (3 comments)

Townhouse for Lease * Available April 1 * $1,995 * Former Model w/LOADS of EXTRAS - 03/04/12 04:16 AM
Rental Home - Charlottesville, VA Townhouse rental,
… (0 comments)

Late Rental Payments * Get PAID and GET INCOME with the RIGHT policy! - 03/03/12 09:09 AM
Done correctly, late payments can be a "teaching moment" for residents.  The first time, I e-mail them and waive my late/notice fees $300 for a couple IF they are not late for the remainder of the lease...if they ARE late, I get to serve a 5-day pay or quit with the "waived" $300 in it...KNOWING the timing of the court process is the key.
Via Karen Rittenhouse (All Property Solutions.com):
Late Rental Payments
I’m not sure why anyone would let tenants get behind in their payments, but I regularly get calls from students asking what they should do because it’s the … (3 comments)

Rents Rising With Demand - 03/03/12 09:04 AM
For those of us with our Boots on the Ground in the rental industry....this has been building up for several years and owners who started rent with their net income not covering their mortgage are NOW enjoying CASH FLOW.
Via Donald Horne Realtor Oxford / Lapeer Homes (Coldwell Banker-Shooltz Realty):
Rents keep rising as demand soars.
This article was in RealtorMag on 02/28/2012, discussing how rents nationwide continue to increase...
Rents nationwide continue to be on the rise, increasing 2.4 percent in January compared to a year earlier, according to new data released by the Labor Department. Demand for rentals remains strong. … (2 comments)

Assignment of Lease vs. Subletting - 03/02/12 10:12 AM
Why would the landlord/property manager/property owner NOT be able to SCREEN a SUBlessee.  The tenant should KNOW that the rent will be paid so submitting their SUBtenant's application to the landlord for screening is a PROTECTION for both of their interests.
Via Zach Devine (RentApp.com):
When you are a landlord, you may encounter circumstances where someone wants to move out of your property before their lease is up, either permanently or for a fixed period of time. If you’re not willing to cancel the lease, there are two main ways the tenant can do this – an assignment of lease or subletting. … (2 comments)

A Strong Suggestion For Leasing Agents & Landlords - 03/01/12 09:48 AM
MEGA DITTOS Michael * if real estate agents want to HELP their clients get the answers FIRST and do not play phone tag with would-be landlords or property managers.  The rental markets in many areas are too BRISK to insert a fumbling real estate agent in the mix who does not know how to PREqualify a tenant applicant!
Via Michael Elliott (Keller Williams Realty):
Most full time, long term career minded real estate agents do not do lots of rentals.  It's typically not natural. But with changing realities in our market, many sellers have chosen to rent their property as opposed to … (5 comments)

Pick A Property Manager You Trust And Then Let Them Do Their Job. - 03/01/12 03:16 AM
I've been working with several prospective new property management clients for the last month as they get their "ducks in a row" to leave their current home and relocate for their employment.
One couple I visited last weekend indicated that many of the area property managers they contacted would not come to their property UNLESS they hired them.
On the flip-side, one couple that I met with a month ago and who really need to get their property on the rental market sooner rather than later have been telling me for 2 weeks that their signed management agreement is in the … (15 comments)

Woman's Day Gives Bad Real Estate Advice - 03/01/12 02:39 AM
These issues and similar MISinformation have been around for years and keep popping up in the press.  
MY PROBLEM with the article is the use of the PRONOUN "your".....YOUR Realtor should work for you and while the listing agent works for the SELLER, a good BUYER's agent works for the BUYER and these issues should come up in the due diligence of purchasing a property.
Via Leslie Ebersole, REALTOR® Chicago's Western Suburbs (Baird&Warner Fox Valley):
I just came across an article called 10 Things Your Real Estate Agent Won't Tell You published on womansday.com. Ms. Sarah Stebbins, a free lance writer, … (2 comments)

Benefits of Owning Rental Properties and HIRING a Professional Property Manager! - 03/01/12 02:27 AM
These are GREAT Points for rental property ownership * Unfortunately #1 is difficult to achieve with the current lending/underwriting issues; however, many homeowners turned landlords ARE enjoying the tax benefits of owning real estate when they have write-offs against their ordinary income....
Via Matthew Sturkie 909-969-3805 (Action Realty):
Hello again,
The other day day, I had a long conversation with a guy about real estate and rental properties. He told me he had some rental properties a while back but lost them all.  During our conversation, I told him of my fifteen years experience with rental properties and explained some of the benefits of owning rental … (1 comments)

 
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Wallace S. Gibson CPM *

LandlordWhisperer

Charlottesville, VA

More about me…

Gibson Management Group, Ltd.

Office Phone: (434) 825-1933

Email Me

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