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property management: Landlords Have a NEW Competitor - THE NEW FREDDIE MAC RENT BACK PROGRAM - 01/30/09 12:25 PM
I just read this article: Freddie Mac to rent foreclosed properties AMAZING! It's totally understandable that they would take this route. I showed a house on Tuesday that was only a couple of years old and theives had taken the stove and hood, oven and microwave, dishwasher and cabinets. It's unreal. When homes are looted the banks can't resell them with typical financing (ala FHA) unless they meet basic living standards. If they don't, they sell them at a discount to investors for cash, who either fix them up and rent them out or resell them. The problem is investors who (1 comments)
property management: Fresno California Real Estate - Market Update - 12/11/08 05:30 PM
As I have I have reported in previous blogs the Fresno California Real Estate Market has hit a bottom and at has, at least for the time being, turned UP. The banks have been more aggressive in their pricing of foreclosed homes and sometimes have the homes priced so reasonably that MULTIPLE OFFERS are made. Investors who were sellers at the top of the market are now back scooping up homes at bargain prices. The chart below shows the year over year improvement in sales from Sept of 2007 through Sept of 2008.
______________________________________________________ . If you are an (0 comments)
property management: Mortgage Fraud in Fresno - 07/15/08 08:14 PM
Today I went to a presentation given by a Fresno Deputy District Attorney on MORTGAGE FRAUD in our local market. Listening to the kind of schemes that people use to defraud others was enlightening. Criminals are just that: Criminals. And they don't give a second thought to lying, cheating, or stealing. If they can do it and get away with it - THEY WILL, or at least they will try. One of the more interesting topics the DA spoke about was a woman in town who is actively engaged in seeking to gain property by adverse possession. Now there is a (0 comments)
property management: So You Want To Be A Landlord: Part II Story 4 - 11/01/07 09:54 PM
Part I -- Part II Story 1 -- Part II Story 2 & 3 Stories Of A Landlord in Fresno CA. Here's another story where the gal I rented to suddenly has a significant other move in with her and her 2 kids. Before long and they are fighting like cats and dogs and the rent is not getting paid. After not getting the rent I went down to check on the place and could tell that no one was living there. I heard that she and her boyfriend had a fight. He kicked in the back door and the place was a mess. All (0 comments)
property management: So You Want To Be A Landlord -- Part II ( Story 2 & 3) - 10/30/07 09:40 PM
Part IPart II (Story 1) BEWARE WATER DAMAGE: Story 2 I had the house rented to tenants that for all intents and purposes were good tenants: rent paid on time; trouble free tenancy. When the tenants moved out I noticed a small leak in the bathroom at the shutoff valve under the stool. The tenants never bothered to inform me about this problem and the water was soaking in where the floor meets the wall. The caulking around the tub was also faulty and this water, and water that escaped the tub when they bathed the kids, had soaked through under the tub. The end result (2 comments)
property management: INVESTING IN FRESNO REAL ESTATE -- I stole another agent's client... - 10/22/07 03:41 PM
...and have no regrets. I could have titled this: HOW NOT TO BUY REAL ESTATE. Here's a synopsis of what occurred. I received a call from a gentleman who saw my number on a sign I had on a property I own. He told me he was from L.A. and wanted discuss investment property with me. He came by my office and the first thing I learned was he just closed a deal with another Realtor on a piece of commercial property. He showed me a flyer his with a picture of the property just purchased, and told me he bought it for (3 comments)
property management: So you want to be a landlord - Part 1 - 10/19/07 01:22 PM
HELP! – I CANT SELL MY HOUSE – I NEED TO RENT – NOW WHAT??? Is this your situation? You have your property listed but no offers You cant lower price further without losing money (i.e. I would have to come up with cash to close) The mortgage payments are eating you alive. The first thing you need to is call me educate yourself with the laws regarding Landlords/Tenants. You can get plenty of information off the Internet. This *California Courts Self-Help website is good for starters. WARNING #1: Having been a landlord I can tell you many tenants KNOW their legal rights; you need to (0 comments)
Randy "Lazarus" McAtee - Owner/Broker Lazarus Realty, Fresno California
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.