Don’t Trip Over Dollars to Pick Up Pennies - 03/15/10 06:21 PM
I was reading some Tweets the other day on the landlord forum.  One Tweet in particular stood out.  Essentially, the individual, who was a tenant,  had just found out that the landlord was charging him for the cost of heat.  His Tweet asked, among other superlatives, “Do you know how expensive heat is?”
I almost fell off my chair laughing.  Yes, I know how expensive heat is.  That’s why I never pay for utilities in my rentals. It is that simple. I never invest in a property that does not have separate utility meters for each unit. Every tenant needs to … (2 comments)

Location, Condition, and Upgrades - 03/08/10 02:03 PM
Three important considerations for your next rental property are location, condition, and upgrades.  Rental property is not immune to the location, location, location mantra of real estate.  In fact, it may be more important with your rental.  For example, you may want to avoid buying a rental on, or backing to, a busy street.  When the tenant goes into the backyard or opens their windows at night, they do not want to hear the roar of traffic.
Something else that is often overlooked with investment properties is future maintenance.  If the exterior is brick or stucco, that might require less long-term … (0 comments)

Just Doing My Job - 03/02/10 02:10 PM
Just got finished with our team meeting.  I noticed one of our rental properties, which has been listed for a little over seven days, received very little interest over the last week.  When I enquired further, I found out that the price set on the property was $200 over market.  “How did that happen?” I demanded.
 
“The owner wanted to try for more money,” was the response from my agent.  “In fact, the owner wanted to list it $500 over market, but I talked her down.”
 
This situation is not unusual for first time landlords.  They are convinced that … (0 comments)

 
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Scott Taylor

Santa Clarita, CA

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SCV Leasing, Inc.

Address: 27720 Dickason Drive, Ste 151, Valencia, CA, 93010

Office Phone: (661) 294-8500 x 101

Cell Phone: (661) 476-0163

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