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Rental Management Guys
Landlords, when is the last time you read your standard lease from start to finish? Should I dare say that some of you have never read it? Your lease is your contract with tenant. I assume you spent a considerable amount of time working on your … [Read more]
Advertising Your Rental Units
As I take on new investment property customers, one of the early questions is: "Where do you find tenants?". As with most other questions, I usually say "It depends". The neighborhood in which the property is located often has a lot to do with … [Read more]
The Guidelines of Flipping Houses
Are you memorized by those shows in which people are buying run-down houses, fixing them up and reselling them for huge profits before the first mortgage payment is due? Wow! What's more, these people claim they made as much money on this one house … [Read more]
Investment Property Accounting
Managing the income and expenses of your investment properties is probably as important as managing your tenants. Sadly, I realized that although I touched on it briefly, I have never really discussed how to set up and do the accounting for your … [Read more]
Stop throwing money away at your rental properties!
Do you just write those expense checks every month for your investment properties without thinking about if the bill is correct or could be lower and/or eliminated? Although you typically can only raise rent every 12 months, it is never the wrong … [Read more]
8 Tricks to Getting Your Offer Accepted on that Foreclosed Property
Making offers on foreclosed properties can sometimes be a daunting task even for seasoned real estate agents and investors. Each bank can have different and very specific requirements that must be submitted before they even look at your offer. … [Read more]
Buying Foreclosure Properties
Foreclosures seem to be a hot topic of conversation even amongst people that are not in the real estate market. I am often asked "Are you finding a lot of deals with all the foreclosures happening now". My standard answer is "yes, typically". … [Read more]
Fall Projects for Your Investment Property
Fall is a great time of year. I am realizing I like fall because of all the things that I don't have to do or take care of! The grass slows down growing, I can open the windows and not have to run the A/C. Kids are back in school. Oh yeah. This … [Read more]
Waiting Period after Short Sale
Fannie Mae came out with new guidelines for waiting period after short sale. Below is the updated waiting periods after a bankruptcy, short sale, and foreclosure for all loan types. One change was to the waiting period 4 years after a short sale … [Read more]
Seller Financing Laws Changing on January 10
In Congress's effort to control more of our money and lives, Congressmen Dodd and Frank are up to their grand rules creation again. On January 10, seller financing will come under the control of the Consumer Financial Protection Bureau or CFPB … [Read more]
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