Every month I go over my arrears report to track down tenants that have not paid. Rent is due on the 3rd (as per my lease). On the 4th of the month I draft my 3 day demand notices and deliver them to tenants that are outstanding. Some tenants will pay immediately, others call and begin their saga, and another portion does not respond. After 3 days if rent is still not collected eviction process is underway. Every month the process is the same. I am hoping this month the number of non-pays will dwindle. We will see on the (2 comments)
rent rates: NYC Rental Recap
- 01/14/10 02:42 AM
Medium month rent is $2,900 (4th quarter 2009) 2,456 number of rentals (4th quarter 2009) Vacancy rate is 1.79% (4th quarter 2009) Rent Rates continued to decrease in the 4th quarter of 2009. The "deals" created an increase in number of lease signings. The number of rentals have increase 45% since 2008. Number of rentals is up 45% from 2008. Alexandra Machado www.HomePointe.com HomePointe Property Management
* data from AM NY (0 comments)
rent rates: How long does it take to rent out a property?
- 07/02/09 05:21 AM
Owners ask me this all the time. How long does it take to rent out a property? I started advertising a property last Thursday and today (one week later) I am moving tenants in. I cannot change the location therefore; my variables are property conditions and price. I ask myself these questions: Is the rental price competitive? Is the property rent ready? If my answers are Yes then even in this slow economy we are quickly renting out property!
Alexandra Machado www.HomePointe.com Property Management 5896 South Land Park Drive Sacramento, CA 95822 916-429-1205x700 FAX 916-429-0389
Over the course of 4th quarter 2008 into 1st Quarter 2009 there are decreases across the board. 1 BR Apartment ranges in the Elk Grove/Laguna area have stayed steady in the mid 800s. 2BR Apartments, 2BR Duplex/Condos, Houses 3, 4, 5 BR have all decreased in rental prices.
Alexandra Machado Property Manager 916.429.1205x700 Home Pointe Property Management www.HomePointe.com amachado@HomePointe.com (0 comments)