When you receive an offer for a piece of real estate, that is just the start of negotiations. The offer price may or may not be close to your asking price, but price is just one of many items to negotiate. If the offer price is less than your asking price, you may decide to […]
Author: horei89
When Your #RealEstateAgent Overprices Your #HomeForSale … #realestateinvesting #realestatetips
When listing your home for sale, one of the biggest mistakes your Real Estate Agent can make it to overprice your home! We have a relative who listed their home for sale 30 days ago. The average days on market for that zip code is 41 days. The comparable homes in the area sell for […]
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When a Police Officer Applies to Rent from You! #propertymanagement #landlord #landlords
We own a 2 bedroom 1 bath condominium in a working class class neighborhood. Sometimes, there are security issues, such as burglary, vandalism, and car theft. Therefore, when we screen tenants, we look for tenants who don’t scare easily. When we rented to the previous tenant in 2015, the rent was $1150. Now, we are […]
The Downside of Being a #Landlord … #landlords #propertybrothers #realestatetips
There are numerous financial benefits to investing in real estate and becoming a landlord, however there is a downside to managing your own rental properties. The key to being a successful landlord is to: Pick good tenants Have the personality and interpersonal skills to manage tenants All is well when tenants are paying their rent […]
Ending a Tense Landlord-Tenant Relationship! #propertymanagement #propertybrothers
Approximately 3 years ago, we rented a 2 bedroom 1 bathroom condominium to a young man. He was married but leaving his relationship with his wife. We felt fortunate to find a good tenant because the rental property is in a low to lower-middle income neighborhood. His credit wasn’t so great but he had stable […]
The #RealEstate Bubble is Coming — Get Ready! #realestateinvesting #housing
The Federal Reserve is raising rates. The 10-year Treasury is inching closer to 3%. Commodity prices (gold, silver, oil, copper ) are increasing. What does all of this mean? When interest rates and tangible asset prices start going up, real estate is not far behind! If you plan to sell your home during the next […]
When Mother is Looking for #Rental for Adult Child … #tenantscreening #propertymanagement
We just posted an advertisement for a 2 bedroom condominium available for rent. An older woman called to say she is looking for a place for her son. We asked for her son’s age … she said he’s 45 years old. Red flag! Over the years, we’ve had several calls from parents looking for a […]
Should #Landlord Help Pay Excessive Water Bill? #propertymanagement
We have a family of 5 renting a 3 bedroom 2 bathroom townhome. The lease states that the tenant is responsible for all utilities. The water bill is usually about $200 per month. However, the most recent water bill is over $600 bucks! Should Landlord Help Tenant Pay Excessive Water Bill? We have a family […]
Chasing #Foreclosures! The Kitty Kat Condo! #foreclosure #realestatetips
It’s Foreclosure Saturday! We have a standing appointment every Saturday to meet with our Real Estate Broker and look at foreclosures. We believe the real estate market is poised to take off and we want to be on-board the rocket ship! Therefore, we are always looking. When you think of foreclosures, you probably think of […]
When You Like #Tenant Who is Behind on Rent! #propertymanagement
We have a one bedroom condominium with a tenant who has been renting from us for 8 years. She is a 33 year old single professional who has paid her rent on time. She rarely calls or complains, so we don’t increase her rent at the rate in inflation. As a result, her rent is […]