accidental landlord: 4 Tips for Real Estate Investors and Landlords to Pick up Distressed Properties - 01/27/10 04:30 PM
1. Identify distressed properties.
2010 will continue to provide opportunities for picking up distressed properties. Over the next 3 years the commercial debt for acquisition of apartments is coming will be coming due and it will be difficult to refinance these properties in the new conservative lending environment. Owners who are able to add equity to the properties will be able to survive but others will have to walk away from their properties. This provides an opportunity to pick up some great properties at pennies. It is important to be continuously scanning the horizon to find valuable distressed properties and a … (5 comments)
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accidental landlord: Property Management Lessons From a New Landlord - 10/29/09 06:16 PM
BusinessWeek editor Chris Palmeri got his first residential rental property in March and faced the usual challenges of property management. Many real estate investors, especially the ones who own properties far away from where they live - do the smart thing and hire a property manager so that they sleep well at night.
Chris, a new do-it-yourself landlord, was anxious to rent his property quickly, and skipped tenant screening. Once landlords are burnt by a tenant, they never skip tenant screening! Read 5 tips for tenant screening in today’s market to make sure that you do not make this error. Luckily, … (7 comments)
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