Keep An Eye On These 4 Rental Property Tenants

March 5, 2010
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The landlord needs to properly screen a tenant before letting them rent the property.  Although there is no perfect tenant, it pays to screen potential tenants to avoid problems in the future.
Here are some kinds of tenants that you need to keep an eye on:

1. Dishonest tenants especially those who make false claims about their job or salary.  Check and verify all information given during the application process.  Check with the employers to find out all pertinent employment information.

2. Tenants who always pay late rental fees can be a problem.  Get in touch with previous landlords to find out the payment history of the tenant.

3. Destructive tenants should be avoided…

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Filed Under: Real Estate

Tips On How To Increase Your Commercial Property Sales

March 5, 2010
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You can get a good profit by investing in commercial properties.  But you need to keep an eye and understand the constantly changing status of the real estate market to make a good sale.  Here are some things you need to remember if you want to invest in commercial properties.

1. Build a strong personal relationship with your potential buyers and sellers.  You will definitely learn a lot from them about their requirements to help you present a deal accordingly.

2. Advertise your property online.  You need to promote your property very well to get a wide range of buyers and the internet is a good place to start.  Place your property…

The Benefits of Getting A Letting Agent

March 5, 2010
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It can be stressful to be a landlord.  A landlord needs to manage all aspects of his property like maintaining the upkeep of the property, repairing damages, getting new tenants and ensuring the rent is paid.

A landlord can ask for help by hiring a letting or rental agent.  Here are a few reasons why you can benefit from hiring a letting agent.

1. The letting agent will manage rent payments to make sure the tenants will pay on time.

2. The agent will also check your property to make sure it doesn’t have any damages.

3. Letting agents will have a network of plumbers, electricians and builders to fix any damages in your…

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Filed Under: Real Estate

Rush Limbaugh Lists His NYC Penthouse For $13,950,000

March 4, 2010
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Conservative radio host Rush Limbaugh is selling his New York penthouse with an asking price of $13,950,000.  The 10-room, 4,661 square foot condo includes 4 bedrooms, 5.5 bathrooms and 4 terraces, two of which have direct Central Park views.

Limbaugh bought the property in April of 1994 for 5 million dollars. The property has features that include a double living room with fireplace, wood paneled library, huge baths, and a maid’s room.  The penthouse also has painted golf leaf moldings, hand-cut patterned marble floor in the entrance hall, herringbone mahogany floors, wall to wall carpeting, upholstered walls in Fortuna fabric and murals done by Richard Smith.  Aside from the bedrooms, the…

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Filed Under: Celebrity Real Estate, Real Estate

Tips On Writing A Hardship Letter

March 4, 2010
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Many homeowners have ended in foreclosures because of the recent economic slump and high rate of unemployment.  These homeowners weren’t able to pay their mortgages causing lenders to take legal action against them.  An effective way to avoid foreclosures without a legal battle is by making a hardship letter.  A hardship letter can be a great decision in battling foreclosures and here are some tips on how to write a hardship letter.

1. You can choose to hire a consultant to write the hardship letter in your behalf or write it yourself.  The important thing is make sure all relevant information regarding your financial status are attached for the benefit of…

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Filed Under: Foreclosures, Loans, Mortgage, Real Estate

Steps To Avoid Mortgage Foreclosure

March 4, 2010
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The right methods and strategies can effectively help you delay or save your home from foreclosure.  Here are five steps that can help save your home for at least a year or two until you get your finances sorted.

1. Do not move out of your home during foreclosure proceedings because you could lose homeowner benefits and advantages like the one-time FHA mortgage insurance.

2. If you are falling behind with your mortgage payments, work out a personal solution to help you catch up on payments.  Also make sure that your lenders are aware of your financial status.

3. Ask help from credit counseling agencies and debt management companies.  They could suggest alternatives…

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Filed Under: Foreclosures, Loans, Mortgage, Real Estate

Tips For Short Sale Buying

March 4, 2010
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It can be a hassle to buy a short sale home, but you can get the property for a reasonable price.  A lot of people clearly understand foreclosure transactions but a short sale is less known for some people.  To fully understand the short sale process, here are some tips to help you:

1. Find pre-foreclosures in your area.  Use an online database, courthouse listings, and legal ads or hire a professional real estate agent.  Determine how mush is owned on the house in relation to its approximate value.  If it seems high, it’s a good candidate because it means that the seller might have troubles selling the house for enough…

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Filed Under: Buying Tips, Foreclosures, Real Estate, Real Estate Investment

Purchasing Foreclosed Properties

March 3, 2010
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Investing in real estate property takes a lot of work.  You need to consider a lot of factors before investing in a property to make sure that your investment will earn a feasible profit.  In buying a foreclosed property, you need to do a lot of work like determining the market value.

When investing in foreclosed properties, you need to find information to determine its market value.  A title company, Multiple Listing Service or RMS can provide you with this information.  You can also hire a professional to provide you with the market value of the property as well as details like tax liens.

You also need to be familiar with the…

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Filed Under: Buying Tips, Foreclosures, Real Estate, Real Estate Investment
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