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property management: The American Dream.... A NIGHTMARE?? - 08/07/11 06:03 PM
There are historical sleepers emerging out of their intense 5 to 20 year deep snooze.... Awakening in time to discover that completely owning their home was just an illusion! A fading vision that stopped short of completion, it was just a DREAM, that for some, graduated to becomig a horrific nightmare! Statistics record that 1 out of every 200 homes in America will be FORE-closed upon and that every 3 months, a staggering 250,000 new families will begin one! (Mortgage Bankers Association)FORE-closure has become the new FORE-letter bad word! At the time buyers signed the documents FORE the home, most did not have the FORE-sight ahead to see this day! It was a FOREign word then and has become a word we'd like … (13 comments)
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property management: These Turn OFFS Will Get You Turned DOWN! - 05/03/11 10:23 AM
It occurred again!
An inquirer called with an elaborate saga of justification in defense of her credit report being so displeasing. Due to her co-signing for a relative who had not honored his repayment agreement, the negatives were recorded, reducing her score to the low 500's. She continued on about having to abruptly move before the lease term was completed because of a job relocation.
If that was not enough, the drama continued with detailed information describing what she said was rude and inconsiderate treatment received by her former management company upon returning the keys. She expected to get an approval nod for cleaning the unit instead of a reprimand for the early termination.
Guess how many … (19 comments)
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property management: SO..... You Want To Rent Your House Out, Eh? - 05/15/10 06:55 PM
WHAT? You want to RENT OUT YOUR HOME? Really?
You have come to this conclusion because your home SAT on the market for two years and failed to sell even though you.....
Updated it Offered a 13 Month Home Warranty Lowered the price of it regularly Switched REALTORS® 3 times!! Plastered ads in ALL the neighborhood spots Held monthly open houses
If you reduced it any more, there would be NO profit from the sale! Since you've already lost the equity, your last ounce of hope is to attempt to salvage something... ANYTHING! The reasoning your mind tells … (58 comments)
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property management: Being "NOSEY" Can Save Lives! - 02/28/10 02:32 PM
On a recent listing/property management appointment, a peculiar scent hit my nostrils upon entering the home. This was the second visit at this home with the first one completed weeks before. I came prepared to take the photographs needed to activate the virtual tour on our website. The outdoor air was clear and crisp after a previous snowfall which aided to my keenness and sensitivity of smell.
The warm greeting by the owners who were in expectation of getting the home marketed, helped me to know they were ready to start the proceedings after having been given months to ponder their decision. Me? I looked forward to the challenge, for this particular home was … (34 comments)
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property management: Property Management - The Illinois 5 Day Notice - 11/25/09 03:07 AM
In Illinois, the 5-day notice can be served to the occupying tenant or to a member of the residing family aged 13 or older.
Placing the notice under the door can be contested in court. The notice does not have to be served on the premises. It can also be handed out at a job, or anywhere the tenant can be found. We usually track the date, time, and name of the person to whom the writ was served in the event we will be called in to verify.
The attorney we use for evictions does not recommend posting the 5-day notice unless it's done by the … (16 comments)
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property management: Want To PASS Your Inspection? No Problem.... Just SLIDE ME $300.00! - 11/17/09 11:39 PM
As property managers, we have the privilege of undergoing the required city inspections that need to be conducted prior to tenant occupancy. This, of course is for the purpose of providing safe code-enforced housing for our great tenants!!
On one such inspection, at a South Suburban location, in Illinois, my husband, who does the majority of these appointments, FLUNKED the test! It was the most meticulous he had ever undergone!
Not only did the house not pass, the write-ups he received were outrageous! To appease the intense scrutiny of the code enforcer, we'd have to practically do a total REHAB!! Mr. Rice was not very happy for he knew this was ridiculous - … (18 comments)
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property management: Stuff NOW!! - Pay NEVER!! - 11/15/09 11:56 PM
There was a generation (possibly you?) who had respect toward paying bills, using credit wisely, and enjoying the rewards of budgeting. In that day, folks did without, for living above their income means was unheard of.... most survived on dreams, hope, prayers, and hard work. There was no such thing as "luck!" Most did not have rich relatives leaving an inheritance to look forward to. This was the time period i was raised up in....
Poor? No, hunnie, we were NOT poor.... we were PO!! (pronounced, "POE" like the poet). I came from the same area God placed his first created man, Adam in.... "the gardens!" Officially known as "Altgeld Gardens", the gardens (of Illinois) … (9 comments)
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property management: Why Does The Real Estate Industry Look DOWN On Property Managers? - 11/13/09 12:01 PM
It's sad to be aware that the same industry that doles out REALTOR® licenses is the very one from which frowns upon it's own members!!! We hear what you say about us Property Managers.... "OH, you deal on the low end!!!" Why has such degradation become synonymous with practitioners managing property???
We come from the same beginnings to get our professional orientation, and must abide by and do the exact required continuing education, pay the same amount of dues, and still get rejected by YOU as though we are the scum of the earth!!!
Are not we servicing the SAME client?? Do not MOST buyers have their beginnings as a renter? Do we … (31 comments)
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property management: Renters: Do YOU Have GOOD Credit? - 10/22/09 11:24 PM
If your credit is good, it shows you take responsibility for yourself and will most likely make an excellent tenant. Property Management companies have the task of seeking occupants who will faithfully make monthly payments and exercise good housekeeping skills.
At times, available rental homes will remain vacant too long because property managers refuse to take risks in selecting a candidate who has not shown evidence of wise credit usage which reflects on their report. It's always a pleasure to present positive findings back to property owners.
Scores of 600 and up are considered to be good rental potentials. Ratings of lesser points indicate troubling challenges, and … (10 comments)
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property management: A MIRACLE At Active Rain!! - 10/18/09 01:40 PM
What is a miracle? A miracle occurs when a supernatural intervention intercepts an impossible situation and makes it possible. This is exactly what happened when Active Rain's own Alexander Harb, the founder of the group, "Christianity & Real Estate," (we affectionately call him "Alex") and myself enacted together. He from Orlando Florida, and me from a suburb of the Windy City..... Chicago, Illinois!
It began when i gradually crept back into blogging mode after a year's hiatus. Here at Active Rain, there are seasons we individually have to obey or we'll be washed away from our focus. As i sought to … (30 comments)
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property management: Your LIES Are NOT Fool Proof..... That's Why We Did NOT Rent To YOU! - 09/23/09 11:53 AM
OK... Here we go! Another application turned down! Oh well! We tried very hard to get YOU, Mr. & Mrs. TENANT, accepted by giving you the benefit of the doubt..... WE SCREENED EXTENSIVELY, SEEKING CREDIBLE EVIDENCE, based upon what you fed us!
You KNEW they were LIES in the beginning!!! Do you think we are that vulnerable??? Listen, we are NOT boasting, but we have heard just about it all.... Didn't you not know we wrote the book ..."578 Excuses Tenants Use!" We revert to this book exclusively to avert EVICTIONS! We will properly screen each person desirous to move into one of … (20 comments)
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property management: Did You Foreclose? You Have EXCELLENT Tenant Potential & WE WANT YOU! - 09/10/09 11:13 AM
If you know of a homeowner who has or will be foreclosed on, please invite them to apply for one of our rental homes! We WELCOME them with open arms. If YOU are such a one.... you are an EXCELLENT candidate and we'd be honored to assist you in your recovery!
We applaud you in your numerous attempts to keep your home after your payment increased dramatically due to more taxes, sickness, job loss, interest rate change, a due balloon payment, or an accelerated ARM. We at Rice Property Management & Realty, understand how you felt when the door closed in your face … (16 comments)
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property management: A Property Management EXPERT - Right Here In The Rain! - 08/29/09 10:28 AM
A contributor of extraordinary distinction and an outstanding supporter resides amongst us in the Rain! Although often overlooked and misunderstood, this true professional in the field of Property Management brings an abundance of hearty experience and education to the Active Rain audience.
We could not let another day pass without taking a moment to bring attention to our own highly respected treasured, admired and faithful replenisher.....
-------------------->WALLACE GIBSON<-------------------
Now, she is more commonly known by her picture.... arrayed as the "Lady In Red" sitting on a horse, with what appears to be a fox seated behind her! That's Wallace! - dressed for the occassion in FULL GEAR!
Many readers have tapped … (23 comments)
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property management: RENTERS - Before You Call About A Vacancy - 08/21/09 12:43 PM
TENANTS!!!! YOU are the purpose we are in the rental business, for without YOU, (the renter), there would be no need for property managers and/or property management companies.
There are many reasons that occupants RENT instead of buying.....
NO established credit history - or credit challenged histories NO sufficient amount of money for a down payment Not interested in buying... Short time on the job - or self employed Change: marriage, divorce, income, separation, leaving home or college Foreclosures, new job location, bankruptcy, relocation, disasters, etc. And the list goes on...... Whatever the reason may be, we'd like to be the Company YOU use to locate suitable housing. To … (20 comments)
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property management: Are Your Rents TOO High? - 07/14/09 08:29 AM
Stumbled upon a CNN featured clip of one of Clark Howard's shows about rent prices. In the feature he introduces the "RENTOMETER" which analyzes rent prices according to the area.
Submit inquiry as either as a tenant or landlord, show the address, City, State, amount of rent, and apartment size. Find out if you are on the low end or high end! Have fun with it! The algorithm they use is supposed to keep the area searched as relevant as possible.
Caution: If entering info as a Landlord, you will be encouraged to sign up for their Property Management services. Check it out! Are you HIGH … (12 comments)
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property management: My Rental Listing Is A Craigslist Fraudulent Target - Here Is The Dialog... - 06/09/09 07:26 PM
The Pitch:
(Pictures of the house they posted that was taken by be and scraped from my website)
MY RESPONSE:
On Mon, Jun 8, 2009 at 6:55 AM, Diane Rice wrote: Interested in the house! When can we see it?
THEIR REPLY:
REGARDING MY HOUSE
Hi , Thanks for the email. I Ellen Fu owns the house and i also want you to know that it was due to my transfer that make me and my family to leave the house and we want to give it out for rent.We are looking for a responsible person that can take a very … (26 comments)
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property management: A Lead For Property Management?? - 05/07/09 09:33 PM
85% of the property we manage for others are owned by investors from a different state, so it did not surprise us when someone from the East Coast contacted the office yesterday requesting property management. We went through the usual preliminary questioning....
How did you hear of us? What type of property is it? Is it vacant or occupied? Where is it located? Are you seeking full service management? What are you looking to rent it for? After learning the property was a vacant single family home, our next question was, is it ready for occupancy? No? No problem, we have a second company, Rice & Rice that preps … (18 comments)
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property management: Handling Disappointments - 03/23/09 09:42 AM
You are waiting at a rental property and NO one shows up after 15 minutes! Tenant moves out and STEALS the washer and dryer! Your offer was rejected - WITHOUT a counter-offer! The seller CANCELS the contract with you and chooses a different agent! And the list goes on..... Disappointments happen when our expectations are not met. Signed business arrangements can be and will be broken. Preparation helps to prevent some occurrences - but not all! So, what do you do?
Resort to plan 2! What is plan 2?
Move forward as quickly as possible - Don't stew! In the case of #1 - ALWAYS … (21 comments)
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property management: Can YOU See Through The Smoke? - 01/20/08 11:22 AM
Yesterday, we sought a place to meet in an area where we were viewing new property. Our clients were not familiar with the area, so we selected The Riverdale Marina, the place where the Riverdale Chamber of Commerce hosts most of their membership meetings.
This was our first meeting with three new clients who each had separate needs for property management and listing services. I had only spoken on the phone just one day prior to the appointed time. They drove together in one vehicle from a distance of an hour away. My husband volunteered to accompany me, as we had … (30 comments)
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property management: Rent To Own In Illinois & Indiana - 11/18/07 07:20 PM
Cozy-up this winter! Choose your hibernating spot from amongst these choices:
Dolton, IL 4 bdrm/2 bath: $1300/Month Gary, IN 3 bdrm/2 bath: $775.00/Month
Markham, IL 4 bdrm/3 bath: $1700/Month Chicago, IL 2 bdrm/1 bath: $995.00/Month
Homewood, IL 4 bdrm/3 bath: $1895/Month Dolton, IL 3 bdrm/2 bath: $1300/Month
Come spend the winter in one of these homes, or select the condominium! They are all awaiting the arrival of "YOU"! Rent while preparing to own! If you, or someone you know has been working to improve your or their credit scores, you or they may not have to wait any longer! Give us a call, or have them … (18 comments)
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Diane Rice, SFR
South Holland,
IL
More about me…
Diane Rice, Rice Prprty Mgmnt & Rlty, LLC, South Holland, IL
Address: 423 East 158th Street, South Holland, IL, 60473
Office Phone: (708) 862-7423
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