Just leased a 4 bedroom right off Washington for $2475/month!!! That is a steal!
May's Housing Newsletter just came out!
Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.
Please click here to view the MAY-2010 Newsletter Housing Trends eNewsletter:
The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau, Realtor.org reports and other sources.
It also includes press releases with charts and videos, key market indicators and real estate sales and price statistics, a video message by a nationally recognized economist, maps, mortgage rates and calculators, consumer articles, plus local neighborhood information and more.
If you are interested in determining the value of your home, click the “Home Evaluator” link for a free evaluation report.
Sound decisions can only be made with accurate and reliable information, and I am happy to be a trusted resource for you. Thank you for the opportunity to provide you with this monthly eNewsletter, and I look forward to answering any questions you may have and to the opportunity to be your REALTOR® in the future.
Wednesday, May 12, 2010
Saturday, May 8, 2010
Investor Tip #1 - Begin the process with the right agent.
Envision that you found what you thought was the right investment property to purchase. You clean it up, you put it on the market but nothing happens. No one is leasing the property. So, you hire an agent to lease the property for you and discover you have to come down on the lease price significantly more than you thought. What happened?
Perhaps hiring an agent with strong leasing experience when you initially purchased the property would have helped.
We have had several investors approach us for our help after they purchased an investment property because the agent who sold it to them didn't "do leasing". Oftentimes the investor discovers that the agent who sold them the property wasn't exactly accurate regarding the market lease rate for that specific property. The anticipated cash flow didn't happen. Understanding the lease market is an important first step if you want to maximize your investment from the start.
I began my Real Estate career in leasing having written up at least 300+ lease contracts to date. In these transactions I represented the Landlord, the Tenant or both. I understand the market and what drives tenants towards specific properties. I know what can be detrimental to getting a property leased and what makes it a coveted prize.
Buying an investment property at a good price is only a great deal if you can get it leased at a rate that makes it worthwhile. Partnering with someone who can see it all the way through to the end really can save you a lot of headache and stress.
Perhaps hiring an agent with strong leasing experience when you initially purchased the property would have helped.
We have had several investors approach us for our help after they purchased an investment property because the agent who sold it to them didn't "do leasing". Oftentimes the investor discovers that the agent who sold them the property wasn't exactly accurate regarding the market lease rate for that specific property. The anticipated cash flow didn't happen. Understanding the lease market is an important first step if you want to maximize your investment from the start.
I began my Real Estate career in leasing having written up at least 300+ lease contracts to date. In these transactions I represented the Landlord, the Tenant or both. I understand the market and what drives tenants towards specific properties. I know what can be detrimental to getting a property leased and what makes it a coveted prize.
Buying an investment property at a good price is only a great deal if you can get it leased at a rate that makes it worthwhile. Partnering with someone who can see it all the way through to the end really can save you a lot of headache and stress.
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