landlords: REAL ESTATE DOLLARS ARE ON THE MOVE
- 05/09/21 06:58 AM
We have a Real Estate cycle that I havent seen for decades that allows for willing-buyer and willing-seller to come together lucratively and both are moving with a purpose! No investors, Wall Street or banking manipulations are at play but instead interest rates below 3%, and whole populations shifting and seeking the better, secure life whatever & wherever that is
REAL ESTATE APPRECIATION
Real Estate is the best value right now in making your money grow or beginning /continuing a nest-egg. No where to be seen is depreciation or the devaluing of Real Estate. Stop & think about this. You buy something & … (3 comments)
|
landlords: WHO IS MANAGING WHO? (property management)
- 10/24/16 01:10 AM
Property management is a section of the Real Estate that is paramount to investors and property owners alike. It cannot be understated that if poor management is applied to a good investment property, that poverty will contaminate and bring down the values, returns and your morale right along with it. It is like the spoiled apple that contaminates the barrel. That apple has to go or the whole barrel will go soon
WHAT AN ANGEL
To anyone who doesn't know about quality property management, you will soon enough when something goes wrong. It can be a serious problem to something simple but that is the real introduction the subject matter. It … (4 comments)
|
landlords: SELLER THINKS WE GAVE IT AWAY?
- 07/26/16 06:33 AM
Why is it that when we list a property after having meetings, conversation, research, opinions and then finally the meeting of the minds where the definitive agreed to plan comes into play and then, when the plan is successful, as in house sold in record time, that it is cause to believe you got robbed? LOL.....
HAPPENS WITH RENTALS TOO
The place rents right away and immediately the thought of "we gave it away" kicks in. What if a place doesn't rent or sell? Did we price it too high? These extremes of it rented/sold quickly or didn't are not based on rolling dice and hopeful outcomes like odds, luck, and good … (2 comments)
|
landlords: WILLING BUT NOT READY AND ABLE
- 04/03/14 12:38 AM
This is a common occurrence in Real Estate specifically the buying and renting arenas. When buying, it is wise to see if you can buy and for how much. If successful, then there are your parameters or your realities. If not, then you know where you stand and what to do next about the buying process
RENT AS YOU GO?
On renting, people just inquire and learn as they go picking up the necessary data to comply. WHY? People don't move around a lot so it is not a subject they necessarily prepare well for in advance. After a few inquiry calls, you figure … (6 comments)
|
landlords: MOTHER OF ALL RENTAL AGREEMENTS WAS OUR BRANDING
- 12/10/13 08:38 AM
For over 20 years (1972-92), I visited the different courts across Southern California while managing properties and doing my own Unlawful Detainers, small claims actions and disputes and while waiting for my cases to be called, I heard everyone else's case. FROM THE JUDGES MOUTH TO MY EARS Anytime they ruled in favor for or against a clause in a contract, I took note and changed my contracts accordingly. The result? I had the premiere rental agreement in the business for years...it was coveted by landlords, treated tenants fairly and all the courts always agreed and honored it... REAL ESTATE: … (37 comments)
|
landlords: SANTA CLAUSE NO RENTAL CLAUSE part 2
- 11/24/13 07:06 AM
A Rental agreement that contained all the necessary clauses to protect the landlord and to serve the tenant. There was a time when the stationary store is where you bought all your contracts and agreements. I found the ones they had for sale lacking but better than nothing. It wasn't long before the demand for a good rental agreement took off and became our calling card..
COPY RIGHT HARD TO ENFORCE
At first, we wanted to copyright it. But a close examination revealed just how hard that would be to enforce or prove. So we did the next best thing. We marketed that … (0 comments)
|
landlords: SANTA CLAUSE NO RENTAL CLAUSE part 1
- 11/24/13 07:05 AM
Gonna find out who is naughty or nice Santa Claus is not involved here. BUT MR. RENTAL CLAUSE is. Landlords and tenants and the GLUE that binds them. I am talking about RENTAL AGREEMENTS and how you want one a good one upfront and not have to wish for anything later on. Let me emphasize that this protection is for both parties too..
THE BASICS ARE REQUIRED
It is very important to have an agreement that covers all the obvious and not so obvious points of a tenancy. I want to call to your attention that there is nothing new under the sun on this … (0 comments)
|
landlords: I DON'T HAVE TO GIVE YOU A REASON WHY
- 08/11/13 02:04 AM
This came up from people who tried to rent properties and were rejected long ago at the start of subsidized government rental programs back in the 1980's. When renting property out back then, you have to be careful what you said as anything you say can be altered for its meaning. Furthermore, there were so many new laws involving peoples rights when doing certain things that one couldn't keep track of it all. Even if you give a legitimate reason, you may have violated that rule of law and not know it
I WILL REPORT YOU
I rejected a potential renter … (51 comments)
|
landlords: ALWAYS MAKE AN EFFORT TO PAY THE RENT
- 03/27/13 12:54 AM
Delinquent rent is not good for all parties involved. Good tenants run into bad circumstances and the result can be like a domino effect for all if not checked. Sometimes it may "pay" for all to make allowances and work through the hardship. The alternative can be a costly eviction, a loss of rent, additional expenses to re-rent and the unknown too.
DON'T GO FROM BAD TO WORSE
For the tenant, it can be the start of a bad credit report, joining a public registry of non-payers and create a circumstance where it gets worse and worse yet. Judgments for non-payment of rent, damages … (2 comments)
|
landlords: CAN YOU AFFORD THE RENT?
- 02/28/13 10:16 PM
This is not a social question. No, I am not prying either. This is a question that all potential RENTERS need to answer with confidence way before they start looking for a place. When BUYING a house, your income and expense is very relevant to the transaction and if the Real Estate math doesn't compute, you will not qualify. Same dynamics with renting too
HEY...LET'S ALL LIVE TOGETHER
I got a call the other day from 3 young-ens that want to share a place. Brought back memories. They all work part time at fast food places and based on current income, … (10 comments)
|
landlords: CHALLENGING TIMES FOR RENTALS
- 12/08/12 11:37 PM
As a result of all the foreclosures in today's marketplace, the rental market has picked up to a degree. WHY? People have to have a place to stay whether they own or not. Between the unemployment dynamic and the housing defaults, it is making the renting of a property to a prospective tenant more challenging for all concerned
SCREENING and APPLICATION PROCESS
FIVE YEARS AGO.....1 IN 20 APPLICANTS WERE NECESSARY TO FIND A GOOD MATCH. Employment was better. The housing industry was not its default peak, and business was below normal but operational in the rental arenas. NOW....1 IN 60 APPLICANTS ARE NECESSARY … (6 comments)
|
landlords: POSTING TO THE TARGET AREAS
- 08/20/12 03:14 AM
When I post, I have business plans that call for a wide broad reaching out to certain target audiences. For instance, I write with Twitter in mind and the people who follow me there. On ActiveRain, I have another mindset which is where I mix business with pleasures. Then, I have the PEARLS SERIES which requires time and attention
LOTS OF DIFFERENT DYNAMICS
I am also cognizant of the different age groups, buyers, sellers and investors as well as tenants and landlords as I interact with all of those groups and more too. I also generally lean toward and enjoy speaking with … (6 comments)
|
landlords: RAISING RENTS A SUBJECT THAT NOBODY REALLY LIKES
- 05/23/12 03:47 AM
If you own income property, the amount of rent collected has a direct bearing on the value of the entire property. Many buyers/investors look for properties that are renting under market to see the potentials if purchased. For those that rent apartment and homes and want to be charge a fair or a premium price, raising the rent may look easy but have consequences
LANDLORD THINKING
The owner wants either maximum return or fair return. That depends on the owner and his cap rate or return on investment strategy. This is different for everyone. Landlords that try to optimize their investment … (35 comments)
|
landlords: RENTERS BE READY TO DISCUSS ANSWER AND EXPLAIN QUICKLY EVERYTHING
- 03/19/12 10:53 AM
I get calls from people who are not used to renting or shopping for a place. Either they are just starting out or they hadn't been out there in quite a while. Here are a few pointers that heighten the awareness and help form a second skin before you need it
WHERE THE RUBBER MEETS THE ROAD
Here is the rubber you need for this road you are going on. To make the best of your seeking and searching, have ready to go information that when presented can help both parties. Table all the shame or guilt or hesitation. Put that … (3 comments)
|
landlords: TENANTS THE APPLICATION STARTS WHEN YOU MAKE CONTACT
- 03/14/12 11:21 PM
After so many years in the business of renting properties out, one learns to recognize and appreciate all inquiries that come from people looking to rent a unit. People have many reasons to rent and none of them will be known until information is shared. Getting to the point gets results
BE PREPARED TO ADDRESS THE FOLLOWING RATHER QUICKLY
1. How many people did you need the unit for is important.
2. Finances like move-in fees have to be discussed.
3. Pets should be disclosed up front. Be prepared to deposit additional pet monies...
4. Credit, job verification and proof of income … (6 comments)
|
landlords: PROPERTY MANAGEMENT TALES FROM THE FRONT LINES part 2
- 02/18/12 01:09 AM
In part 1...we introduce you to the concept of owning rental property. I congratulated you on your thinking process. It can be one of the most rewarding and lucrative Real Estate experiences. It can also be the cause of trauma, shock and ruin. Decisions you make or don't make will determine the outcome.
PROFESSIONAL PROPERTY MANAGEMENT
There are people who do this for a living. Some do it better than others. Find them and pay them and you have taken out the best insurance available. If you intend to travel along your own learning curve, I wish you a successful journey. … (4 comments)
|
landlords: PROPERTY MANAGEMENT TALES FROM THE FRONT LINES part 1
- 02/18/12 01:07 AM
Everyone who does not know better thinks that all they have to do is rent property out, collect the rent check and in a few years establish a nice retirement. In theory, yes that is what it does and we do. In application it takes on other dynamics starting when things go wrong. Those wrongs can bankrupt you if you let them
LANDLORDS ARE NOT LORDS OF THE LAND
I have met owners who think they are related to Kings who ruled vast lands. They walk and talk like Gods ruling with ignorance. First rule, it is a service industry. You … (4 comments)
|
landlords: MANAGING PROPERTY CHARGING A LITTLE LESS TO GET MORE
- 02/07/12 08:29 AM
I have been renting property out all my life. It is a fascinating industry with lots of rules and regulations, upsides and downsides and great stories to tell if you can survive them all. I know some people right now who keep a home vacant that they never use rather then rent it out. They tried it once and it was a nightmare.
I have rented for top dollar and then I have rented to people for less so as to find a very qualified tenant. What I do depends a lot on what my client needs are. I have one … (0 comments)
|
landlords: RENTAL MARKET ALWAYS GOOD BAROMETER OF CURRENT ECONOMY
- 01/24/12 09:13 AM
I have been renting and leasing property for many years now in different markets, areas and Real Estate cycles. The price that you charge for a rental and how long it takes to rent in and of itself is very informative. As an added bonus, you get to talk with potential renters and sort of poll them as they call in.
YOU HEAR ABOUT LIFE IN THE TRENCHES
For instance, we read about job loss, house loss, ill health and divorce almost every day. When you advertise something for rent, all the current events come to you. Through a quick succession … (4 comments)
|
landlords: RENTING A PROPERTY FROM THE TENANT POINT OF VIEW
- 06/09/11 02:00 PM
I am a landlords agent. I lean toward the owner while dealing fairly with the the renter or tenant to be. I got a taste of the other side of it today. I have a client whose home I sold. She has 30 days to vacate. She asked me to help find her a place to rent. I said sure and made a phone call
MY CLIENT IS A GOOD RENTER
My client has excellent credit, clears good money, has two dogs and is as good tenant as you could want. I would love to keep her in my little world, … (14 comments)
|
We have a Real Estate cycle that I havent seen for decades that allows for willing-buyer and willing-seller to come together lucratively and both are moving with a purpose! No investors, Wall Street or banking manipulations are at play but instead interest rates below 3%, and whole populations shifting and seeking the better, secure life whatever & wherever that is
;)
;)
;)
