antelope valley property management: Antelope Valley Property Management and Rentals
- 05/03/08 12:06 PM
For those of you who frequent my blog, this blog is going to be a bit different. I usually write my blogs to cover a wide range of rental home owners in an effort to help them in their quest for a successful rental. For this particular blog however, I am going to focus primarily on the rental homes that are in the Antelope Valley in California. The Antelope Valley consists of several cities which are located fairly close to each other. The two most well-known cities are Palmdale and Lancaster. Palmdale is about an hour or so north of (3 comments)
antelope valley property management: Who Ever Said that "SIZE Doesn't Matter?"
- 04/25/08 10:22 AM
I am sure that most people have heard that phrase at on time or another. Shoot, maybe some of us have even USED that statement at some point during our lives! Most people probably have all sorts of negative images coming up in their minds when they imagine someone saying those dreaded words. Most people would probably be mortified at the thought of having to defend themselves with that statement! I however, am in a position to tell people that very thing several times per week! I get a lot of calls from people who want to rent out their (10 comments)
antelope valley property management: Southern California Investment Homes are BACK!!
- 04/10/08 04:28 PM
As many of you who read my blog know, the odds of getting your mortgage payment back in rent are ridiculously small in most cases. In fact, for several years, it was almost laughable to hope for such a return...until now. The Antelope Valley was one of the areas in southern California that was hit the hardest by foreclosures. As a result of this unhappy reality, prices of homes here dropped like a rock. Our market has become inundated with short sales, foreclosures, auctions, and every other type of Realtor's nightmare that you can conjure up. There are homes (5 comments)
antelope valley property management: Property Managment Benefits Tenants Too!
- 03/31/08 09:05 AM
I have written several blogs about how home owners can benefit from the services of a property management company. There is no better way to screen and place a tenant than to have it done by someone who does it all the time. After all, these guys do get paid for something, right? We are in a whole new era now. You can not simply trust someone to rent your home based on the fact that they are an "honest looking guy." For this blog however, I would like to focus on the other party to a lease agreement...the tenants. (10 comments)
antelope valley property management: Antelope Valley Rental Homes Are Disappearing!
- 03/19/08 11:29 AM
For the first time in the past few years, the massive supply of Antelope Valley rental homes seems to be shrinking! For quite some time, our daily average supply of rental homes was hovering in the neighborhood of 250 available units. Now however, the daily average appears to be holding steady at about 150 available homes for rent. The most obvious reason for this decline in numbers is based on the Countrywide crash. When Countrywide tanked, it caused the lending industry to go through a major overhaul. The carefree lending, 100% financing, everything is wonderful days came to a crashing (1 comments)
antelope valley property management: It's Not Personal, It's Business...
- 02/23/08 07:24 AM
I am not sure about the rest of the country, but here in the Antelope Valley, we seem to have a surplus of rental homes on the market. In our local newspaper, there is a daily average of about 210-240 single family homes for rent. That's just from one source!! Pretty shocking for an area the size of this valley. So, in a situation like this, how do you go about setting your home apart from the competition? When we sign on a new home for property management, we usually take a walk through it with the owner of the (5 comments)
antelope valley property management: You Get What You Pay For!
- 02/21/08 08:48 AM
How many times have you heard that before? I would hazard a guess and say that pretty much everyone who reads this blog has heard that phrase at some point in their lives. Do you believe it? For me, it depends on the situation. For example, several years ago there was a craze over little bean bags shaped like animals. Does anyone remember that? That's right, the Beanie Baby craze. At the height of this madness, people were willing to pay literally thousands of dollars for these little bean bags that cost their manufacturer mere cents to make. Today, (43 comments)
antelope valley property management: Choosing a Property Management Company? Avoid the Vultures. Part 2!
- 02/17/08 11:21 AM
In my previous article I wrote about the change that has been taking place in the Antelope Valley. Basically, I went over how some unscrupulous characters (vultures) have begun to pop up. These folks are taking advantage of homeowners who are looking for a good property management company. I won't rehash the details here, but feel free to read about it on my blog by clicking here. Anyway, as promised, I am going to start writing about a few of the characteristics that you should be on the lookout for when choosing your property management company. #1. Ask the management company (4 comments)
antelope valley property management: Choosing a Property Management Company? Avoid the Vultures.
- 02/15/08 12:38 PM
Here in the Antelope Valley a change is taking place. Just a few short years ago, property values were climbing at an astronomical (or comical) rate. You could literally buy a property that would be worth $50,000 more by the time that you made your first six payments. Ahhh... the good old days right? Of course, with homes flying off the market as fast as they were put on, several vultures spotted an opportunity to make a kill. "Realtors" began popping up left and right who had no real interest in the profession other than to make a quick buck (15 comments)
antelope valley property management: Do You Know the Secret Code?
- 01/21/08 03:00 PM
Here in the Antelope Valley, as with any other community, we have several different laws to abide by. Obviously, we are not supposed to kill people, steal, speed, or run naked through the streets. Pretty much basic common sense stuff right? There are however, a few laws that some folks may not be aware of. For example, in the city of Lancaster, you can only hold a total of four garage sales per year. Trash cans must be stored out of sight from the street. Lawns must be kept green...etc. To neglect any one of these codes will result in (4 comments)
antelope valley property management: Creatively Save Yourself from Foreclosure
- 01/10/08 05:50 AM
Here in the Antelope Valley, we are experiencing what the majority of the country is going through. People who got into their homes through "trick" loans are now on the verge of losing them to the banks. Often times, their payments have doubled from the time they purchased. Unfortunately, very few of those individuals consider talking to a property management company. That of course, means that they are resigning themselves to foreclosure when they have not yet exhausted all of their options. Foreclosure rates here are higher than many of us have ever seen. When someone calls us and says (3 comments)
antelope valley property management: Rental Market "No-Nos" #1 Burning Eyeballs!
- 12/20/07 02:00 PM
I could smell my eyeballs burning...my tear ducts were sizzling like bacon on a skillet. My retinas were trying desperately to claw their way out of my pupils to find some shade. I felt as though I were basking on the surface of the sun...and jumping eyeball first into every solar flare that erupted from its surface. The day started out innocently enough. I got a call from someone who was interested in renting out their Antelope Valley home and was looking for a property management company to come take a look. What I didn't realize was that his house would be (7 comments)
antelope valley property management: The Difference Between Winners and Losers
- 12/13/07 01:45 PM
Not long ago I read the book "Rich Dad, Poor Dad" which is an awesome book. It had an interesting quote that read, "Sometimes you win, sometimes you learn." It occurred to me that this quote basically sums up the reason that some people fail where others succeed. The point of the quote is not to imply that some people never lose but rather to show that there is another way to look at defeat. I have always viewed defeat as more as a setback than a total failure. I guess that is because I am unbelievably stubborn! There are people that you come into (17 comments)
antelope valley property management: Costly Secrets of Renting your Home
- 12/10/07 09:34 AM
Here in the Antelope Valley, we have a surplus of homes on the rental market. As of today, we had about 220 homes listed in ONE source of advertising. That is quite a bit for an area this size. The majority of the houses listed for rent these days are rented out by homeowners who have chosen to manage the properties themselves. As a property management company, we try to educate people on what is required to rent a home. Unfortunately, many of them have no idea what the laws concerning rentals are! For example, if you are a homeowner in Lancaster, (11 comments)
antelope valley property management: Based on a Handshake...How to DOOM your Rental Property
- 12/05/07 07:52 AM
Working for a property management company here in the Antelope Valley, I get several calls from people who have doomed their rental property by making the same tragic mistake. Generally, they will call me asking about our fees and services. After answering several questions about how we screen tenants and how much we can rent their home for, they drop the bomb... "If I sign up with you, can you evict my tenant who is not paying the rent?" AAAaahhhhh!!! It is an unfortunate fact that human beings are often taken advantage of. One reason being that we generally WANT to trust our fellow man. Equally unfortunate (38 comments)
antelope valley property management: Top Three Ways to Torpedo Your Rental
- 11/25/07 05:43 AM
Here is Southern California the rental market is gaining momentum. As a property management company here in the Antelope Valley, That is great news! As I have said in other blogs, there are several factors that have led to the condition that the market is currently in. I am not going to dive into that topic again, but I am going to talk about the problems that keep so many people from maximizing the potential of their rental homes. In a market like this, you almost have to TRY to keep your home from renting. Here are a few ways that (21 comments)
antelope valley property management: When You Rain...It Pours
- 11/24/07 12:52 PM
Not too long ago, I wrote a blog entitled "All Hail the Turkey! Destroyer of the Market!" It basically talks about the fact that the rental market here in the Antelope Valley tends to slow down during the holiday season. This year however, a different trend seams to be emerging. For the past few weeks I have been getting several calls from people who are in a hurry to rent out their homes. I have also been flooded with calls from people who need to rent a home quickly! Now, I suspect that there are a few reasons for this phenomenon. (4 comments)
antelope valley property management: Sell Your Soul to Your Clients...
- 11/11/07 01:26 PM
There have been several times during the course of my life when someone unloaded on me about every reason that they hated where they were living! I always think two things. First, if it is sooooo bad, then why are you still here? Secondly, I love where I live. It seems to me that for the vast majority of people in the world, they are living where they are because they either like it, or are unwilling to move. It is during times like these that I realize the importance of selling your soul to your clients. Of course, I (7 comments)
antelope valley property management: Destroying Your Killer Instinct
- 11/05/07 07:07 AM
When most people hear someone mention a "killer instinct" they conjure up images of assassins and blood thirsty serial killers engaging in grisly carnage. In most instances, this would be a fairly accurate portrayal of the phrase. Traditionally, it means destroying anything weaker than yourself to advance your own agenda. However, there is a far more sinister instinct that leads to more deaths and health complications per year than you could ever imagine. Let me set the stage for the killer. As many of you may be aware, the housing market is suffering through some pretty grisly times right now. (10 comments)
antelope valley property management: Master of Your Domain
- 11/03/07 07:35 AM
For all of you Seinfeld fans out there, I am afraid that you are going to be disappointed by this post! For those of you who have no idea what that means, you may find this post more interesting... When it comes to real estate and the rental market, what does it mean to be the Master of your domain? I am sure that every one of us has a different definition. For some it may mean that your face appears on more billboards and toilet stalls than any other Realtor in the area. Others may say that to be (7 comments)