Posted by David Lowrey on August 16, 2010 under Property Management | 
1) Do Not Say the Neighborhood is Safe or a Low Crime Area
A property management company cannot guarantee the neighborhood is safe or low on crime, no one can do this. If something terrible happens to the tenant, they could sue you and hold you liable for making false claims. I typically tell the tenant to drive through the neighborhood and see for them self. If the neighborhood is a middle class or upper middle class, I would mention this to a prospect. Commenting on the economic condition of an area is perfectly legal. Read more of this article »
Posted by admin on August 15, 2010 under Real Estate Investing |
Anyone who plans to invest in today’s real estate market, and is new and inexperienced, should heed this advice: Stay out of it! Yes, all those properties being foreclosed can tempt someone who has the funds to try and get in on what they may think is an unfailing way to make big profits, but don’t kid yourself, the only investors who are profiting from today’s housing bust are the real professionals.
Most of the amateurs who made money investing in property during the real estate boom years did so purely by accident, and when the housing market began to fall apart just a few years ago, most of these get-rich-quick schemers went belly-up. The reason they failed was because of their inexperience, and the fact that they were speculators, not true investors. Read more of this article »
Posted by admin on under Property Management |
Many of the issues and difficulties property managers may face when dealing with tenants in an apartment complex environment, could be avoided or resolved more easily by implementing a workable leasing, rent collection, maintenance and eviction system.
This system must be in accordance with local tenant and landlord regulations and by working within the parameters of rules and regulations set forth in the leasing agreement and in accordance with local ordinances and legalities, the property manager has the guidance and answers needed to address every issue. Read more of this article »
Posted by admin on August 13, 2010 under Property Management |
Some small real estate investors whose primary strategies were geared toward the buying and selling of single family homes, had their plans turned around when selling prices of these properties began a rapid spiral downward.
Many were in the process of renovating fixer-uppers that they had purchased at a low price, or were in the midst of adding upgrades of one kind or another to other homes recently bought, and had the bad luck timing of not being able to put their properties on the market before the stunning short sale and foreclosure crisis had begun to take its toll. Read more of this article »
Posted by admin on July 25, 2010 under Real Estate Investing |
People are losing their homes in record numbers to foreclosure or reluctantly negotiating a short sale agreement with a lender, and relocating individuals and families are at an all-time high.
Many of these unfortunates have yet to find a suitable permanent residence, and while searching for a new home or apartment need a place to store their goods. Storage warehouses can be expensive, but self storage units offer a less costly and more convenient way to solve the problem.
Other sources of business for a Self Storage unit company, besides people relocating within the same town or city, are people in the process of relocating to and from other cities and towns for various reasons. Read more of this article »
