rental property leasing: Cinderella Chronicles * Part XXII * Bottom Feeders Think ALL Rental Homes are for SALE
- 04/14/13 08:57 PM
One of the pitfalls of my frequent use of Craigslist for marketing my clients' AVAILABLE rental properties is that they are EASY to FIND....by rental prospects AND listing SCAMMERS and LAZY Agents and BUYERS.
Several of my clients have been contacted by UNknown persons indicating they want to BUY their property. This is not a NEW issue - just has a twist.
My listings appear VACANT in my online postings so my clients are not loosing any $$$....they are getting rent. Also, I start advertising EARLIER when I know that residents are leaving so that I have a MUCH WIDER net … (3 comments)
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rental property leasing: YES! I remember when leases ended at MIDNIGHT * The day does not start at NOON
- 10/18/12 06:30 AM
Long ago, in a land far, far away.....rental leases ended at midnight. I don't know why except that is made sense to someone that a new day started at 12:01A so it must be easier to calculate and pro-rate rents.
Then * maybe after daylight savings time * it became the norm to end leases at NOON/12:01P * in the DAYLIGHT * so it was easier to arrange for landlords and tenants to do a proper check-out inspection without flashlights.
While this made sense, pro-rations became problematic since NOON did NOT start a new day.
It is my … (1 comments)
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rental property leasing: As Many have Said, Sometimes It Is Just a Matter Using your PHONE!
- 09/08/12 02:07 AM
I received an e-mail inquiry about a rental listing yesterday from a prospect who wanted to come up TODAY/SATURDAY to view a townhouse I have for rent.
I responded via e-mail that it would be fine and I proceeded to call his cel phone to set up a time.
He was very surprised when he heard from me and when we arranged to meet TODAY to view the property, he again said how surprised he was to hear from anyone for a weekend rental showing.
He arrived at the property today and viewed the unit and gave me his completed application … (8 comments)
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rental property leasing: Large Townhouse for Lease * $1,395 * Available July 1 * Family Room w/FP * Pet Considered
- 03/11/12 05:42 AM
Rental Home - Charlottesville, VA Townhouse rental, … (1 comments)
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rental property leasing: UAW to fly ANTI-Romney Banner over the Daytona 500 * I doubt we'll see it on Fox
- 02/25/12 07:05 PM
UAW * United Auto Workers will fly an ANTI-Romney banner over the Daytona 500 tomorrow afternoon. I doubt if TV viewers will see it as the race will be televised by FOX.
The premise is that had Romney's "do not bail out Detroit" advice been followed, there would be no cars in NASCAR......NOT TRUE.
FORD * 2 of Jack Roush's Fords are on the front row tomorrow, did NOT take the government bailout.
DODGE * except for 2 Penske cars and Robby Gordon's single entry * are the ONLY 3 cars in the 43 car field....Dodge has not supported their teams … (10 comments)
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rental property leasing: A Landlord's Work is NEVER Done * EVEN When He Is Running For POTUS!
- 02/21/12 07:12 PM
GOP Presidential Candidate * Rick Santorum has taken the time from practically "living in Iowa" this summer and campaigning daily to replace President Obama next January * to send a rent demand letter to the SUBLETTERS of one of his five condos in State College, PA.
Although his units are managed by a professional property management firm, tenants were surprised to get letters directly from Santorum when their SUBtenants' rent had not been received. Evidently it worked and the rent got paid! KUDOS RICK!
http://www.centredaily.com/2012/02/22/3099340/students-shocked-by-landlord.html
… (15 comments)
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rental property leasing: With Tenants Staying LONGER * Pricing Property Rents BECOMES a SCIENCE NOT LUCK
- 02/19/12 05:11 PM
I spent yesterday, Saturday, finishing 50 rent renewal offer letters. I send out a letter with any change in terms AND lease term renewals AND rent increases. RARELY do I NOT increase rents even if the current rent is MARKET or ABOVE.
Since I have FIXED TERM LEASES, I use this renewal process to..............................
CHANGE THE TERMS of TENANCY * For those properties under our county water authority, I am notifying residents that if their water bill goes deliquent and the owners or I are notified of these deliquencies, the SECOND time this happens, there will be a $25 charge.
… (10 comments)
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rental property leasing: Lake Monticello Home for Lease * $1365 * July 1 Occupancy * Walk to Main Beach/Pool & Tennis
- 02/18/12 08:52 PM
Rental Home - Lake Monticello, VA Single family rental,
… (1 comments)
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rental property leasing: There is an ART to Providing a CURRENT Landlord Reference! Shuhh...It is NOT a "Given" for Residents
- 02/07/12 12:13 AM
One of the "profit center" fees I thought I would never charge I am now charging - for RENTAL/Landlord verifications.
I have a policy of ONLY providing this information IN WRITING with a copy to the new landlord AND a copy to my residents * NO She Said/He Said if their new landlord blames ME and the information I am providing for their not getting their new rental home.
I also charge a $25 "forms fee" for this. I started charging this fee when I was getting Rental Verifications from multiple lenders when departing residents were buying a new house … (7 comments)
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rental property leasing: Do you KNOW A Mrs. Murphy? You should if you WANT to Avoid Fair Housing Issues.
- 02/04/12 09:58 PM
What every real estate agent has heard and few remember is that there are EXEMPTIONS to the FEDERAL Fair Housing Act.
One of those exemptions is the Mrs. Murphy's rule OR Mrs. Murphy's Exemption under the FHA. This exemption provides that if a "dwelling" has four or fewer rental units and the OWNER lives in one of those units, that the home is exempt from the FHA. There really is no Mrs. Murphy * she is a fictional elderly widow who has converted her home into a rental or boarding house to supplement her income.
NOW, with the economic downturn, there … (50 comments)
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rental property leasing: I'm Just Giving You the COLD HARD Truth Up In Here! Why I DO NOT Take Over-Priced Rental Listings!
- 02/03/12 10:35 PM
I got a phone call from a local homeowner inquiring about renting his house and in the fashion that these "cold calls" usually go, he was hesitant to give me his address * like I was going to come over there and stuff his mailbox with my literature! He should BE so LUCKY.
After some basic questions, I gleaned that 1) he had a LARGE rural home that he was in the process of finishing off the basement himself; 2) he has at least 2 mortgages on it and he bought at the HEIGHT of the sales market; 3) he loves … (85 comments)
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rental property leasing: Know when to NOT Renew a Tenant's Lease * Lease Renewals are NOT just for INCREASES
- 02/02/12 10:54 PM
I've been working on my lease renewal spreadsheet for 2012. With fixed term leases, I task residents with advising ME in February if they wish to renew their lease for another 12 months.
While many do not do this, for the last 3 weeks, residents have been e-mailing and sticking notes with their rent checks that they want to RENEW their leases.
Although I try to warn residents of the issues effecting non-renewal of their lease * 2 pay or quit notices in 12 months * excessive maintenance requests (dripping faucets that do not drip when the plumber checks) * these … (10 comments)
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rental property leasing: I like being a STEP BEHIND * I see BETTER from HERE! All the Way to the BANK!
- 01/31/12 11:06 PM
I DO like being a STEP BEHIND.....NO, I'm not in Dale Jr's entourage.......I just know my "comfort zone" for how I conduct my business.
I have been mentoring several local newbie property managers for the last several years. One group has expanded their business and NOW I am following them in the number of properties and clients I manage.
For the last several years, we have had the same property management software, website provider, used the same service vendors. NOW they have now out-grown all of those AND they want to "do it in the CLOUD".
I'm fine with pencil … (15 comments)
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rental property leasing: Melbourne Park Townhouse * Available NOW * $1595 * 5 Min to UVA & New MJH campus/10 Min to NGIC
- 01/26/12 10:47 PM
Rental Home - Charlottesville, VA Townhouse rental,
… (1 comments)
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rental property leasing: Lease Renewal Time! Not Rocket Science; however, IT IS A SCIENCE
- 01/16/12 09:49 PM
One of the BEST times of the year is when I schedule my current tenants' rental increases.
With fixed term leases, I specify in the lease when the residents have to indicate to me IF they want to remain for an additional lease period.
This is an excellent way to REalign lease end dates for the PREMIER rental season * June * July AND to offer lease rental rental increases.
In the "olden days", the rental increase was usually the cost of a U-Haul truck; however, now residents need to think about the hook-up costs for utilities, transferring costs for services, … (12 comments)
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rental property leasing: Charlottesville Area Rental Townhouse Available March/April * Former 4 Bedroom Model * $1,995
- 01/15/12 10:33 PM
Rental Home - Charlottesville, VA Townhouse rental,
… (2 comments)
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rental property leasing: SC Woman JAILED for keeping a MESSY Yard! NO, she is NOT a TENANT!
- 01/12/12 05:51 AM
A South Carolina woman is spending over a week in jail for keeping a messy yard.
She has had municipal citations for over a year and has failed to clean up the mess in her yard EVEN WITH the police and town offering their help in removing her junk.
Several things come to my mind INCLUDING where were her neighbors during this year-long battle and why didn't she accept help when she was offered it?
I appreciate that she is working to stay out of foreclosure; however, keeping a messy yard is not a deterrent to the mortgage company!
http://www.live5news.com/story/16506323/mt-pleasant-woman-jailed-for-messy-yard
… (7 comments)
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rental property leasing: Rental History: More Important in Getting a Mortgage?
- 01/12/12 03:44 AM
This is SO VERY IMPORTANT and I am glad to see that the credit bureaus are picking up that RENTAL HISTORY is an important factor in determining HOW would-be borrowers will HONOR their obligations for their housing,
Borrowers who have a history of paying rent on time may see a boost to their credit score.
Experian, a leading credit report company, added a section to its credit reports last year that reflected on-time rent payments, which helped give a boost in the credit scores to some on-time rent payers. Now the two other major credit reporting companies are following suit.
CoreLogic … (5 comments)
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rental property leasing: Happy Birthday Rush Limbaugh! Love Him or Hate Him * He is a Force to be Grateful For!
- 01/12/12 12:00 AM
I know the ANSWER to the "mystery" question on FoxSnooze this AM....It's RUSH LIMBAUGH's B-day.
When I lived in NoCA, I remember seeing the billboard on the side of I-80 in his Sacramento radio market area. I did not know who he was and thought the message * Wouldn't you like to PUNCH Rush in the Morning"? was cute.
When I moved BACK to the Right Coast, I was able to see his half-hour TV show with his ties, etc and then, when he moved his radio show to Florida, I often listen to him in the afternoons - between noon … (6 comments)
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rental property leasing: Costs of Renting Out Your House in Somerset County, NJ * or ANYWHERE!
- 01/09/12 11:00 PM
Costs of Renting Out Your House in Somerset County, NJ
Understanding Landlord Insurance Turning your home into a rental or buying an investment property? Expect to pay up to 20% more for the right insurance policy to protect your property. Read
The Costs of Renting Out Your House Renting out your house can be a smart financial move, as long as you calculate your costs carefully. Read
Renting Out Your Home? Get Landlord Insurance If you’re renting out your home, it might not be covered by home owners insurance, so look into landlord insurance instead. Read
Visit houselogic.com for more articles … (5 comments)
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One of the pitfalls of my frequent use of Craigslist for marketing my clients' AVAILABLE rental properties is that they are EASY to FIND....by rental prospects AND listing SCAMMERS and LAZY Agents and BUYERS.
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