Real Estate Information |
|
Cant Rent a Work Zone
So you've picked up your first (or third, or tenth) income property, and it's a real fixer-upper. You've got a great team of contractors, and you know what they need to do and how much time and money it's going to cost to make it happen. The renovations are going to put you in the red and you're going to need to get a tenant in there ASAP. So as soon as you have the plan worked out with the contractors you run an ad and start showing the place, right? Not if you don't want to throw away money, you don't! Prospective tenants lack imagination, and this is never so evident as when you're showing them a place that is missing walls, is covered in construction dust, badly needs a paint job, has a gutted bathroom . . . you get the idea? "Curb appeal" is a concept that refers to the attractiveness of the outside of a house. Equally important is what I call "Foyer Appeal," which is how the inside looks when you're standing in the front door. If your curb appeal is poor (which is likely while you're renovating, since your money is best spent on the inside problems first), half of your appointments will be no-shows because they assume the outside is representative of the inside. On the flip side, poor foyer appeal will turn off the ones that actually walk in the door. No matter how clearly you explain what work you've got planned, the best you're going to get is, "I'd like to see it again when it's finished," and you'll be lucky if a third of them offer that level of commitment. Let me put it another way: if you're savvy enough to know the importance of online marketing, you also know that pictures are the most powerful part of your internet ad campaign. Are you going to take pictures of a construction zone, or a place that looks like a tornado hit it, and expect a high response rate? Or maybe you'll just skip the pictures entirely, so that ninety percent of your potential tenants just scroll on by without a second glance? Having good pictures could cut your advertising time from two or three months to under a week. If you're putting money into a property, it stands to reason that you're going to want to recoup that investment as quickly as possible. Showing an apartment that isn't ready for a resident wastes your time and advertising dollars, could permanently turn off potential tenants, and might give you an unearned reputation for low-quality housing. Start your marketing when the punch list is cleared, and your prospective tenants will be far more likely to sign on the dotted line. © 2005 Terence P Ward, all rights reserved.Terence P Ward is the President of Landlord for Hirehttp://www.landlordforhire.com, a residential property management service of Green and Clean Corporationhttp://www.Green-n-Clean.biz, based in the Mid-Hudson Valley of New York State. You may find contact information for him on either of his company's web pages.
MORE RESOURCES: Florida real estate sellers slashing home prices as inventory surges to uncomfortable levels New York Post How real estate commission changes could affect buyers and sellers The Washington Post The Folly of China's Real-Estate Boom Was Easy to See, but No One Wanted to Stop It The Wall Street Journal Here’s the latest on commercial real estate sales in Baton Rouge Greater Baton Rouge Business Report Real estate experts share a message for home buyers as they predict rising home prices through 2025 Fox Business Chris Hemsworth's Homes: Inside the Marvel Star's Real Estate Portfolio Architectural Digest Clearwater property owners sell $58M real estate portfolio to Church of Scientology parishioner FOX 13 Tampa Blackstone makes more real estate moves InvestmentNews Blackstone's Beleaguered Real-Estate Fund Stems Exodus The Wall Street Journal Navigating Real Estate Law with The Mullin Blankfeld Group KLAS - 8 News Now Former HGTV star gets jail time for real estate fraud WGN TV Chicago An ongoing issue for the Rockford-area's top-ranked real estate market: Not enough homes on the market Rock River Current Buffet's real estate brokerage to pay $250M settlement in commission lawsuits The Dallas Morning News Routt County real estate sales at $26.2M from April 19-24 Steamboat Pilot & Today Former Larimer County real estate agent sentenced to prison, probation for investment scam Denver 7 Colorado News EG Real Estate: A Block of Historic Downtown Hits the Market – East Greenwich News East Greenwich News Judge Approves $418 Million Settlement That Will Change Real Estate Commissions - The New York Times Reversing the Real-Estate Doom Loop Is Possible. Just Look at Detroit. The Wall Street Journal Can Robert Kiyosaki's Real Estate Investing Make You Rich in 2024? Norada Real Estate Investments Real estate, business leaders help honor Milwaukee-area real estate projects: Slideshow - Milwaukee Business Journal Milwaukee Business Journal Max Azria's Manse Hits the Market, an Edward Fickett House Lists, and More Real Estate News Architectural Digest The Pipeline: Commercial real estate roundup for 4.26.24 RichmondBizSense East Austin real estate booming after Tesla The Business Journals This ornate Queens home with $1M of mahogany additions asks $5.77M -- one of the priciest in the borough New York Post 10 Cheapest Florida Beach Vacations for 2024: Affordable Beaches Norada Real Estate Investments Mike Wyatt's legacy: Longtime Dallas real estate broker remembered - Dallas Business Journal Dallas Business Journal Some Exciting North TX Real Estate Projects in 2024 The Dallas Express A+ Real Estate: See How Much It Costs To Buy a Home in the Nation's Top 10 School Districts Realtor.com News Rockford Is Now America's Top Housing Market After an Improbable Turnaround The Wall Street Journal New Jersey DOI mulls $250m commitment to Bain real estate fund IPE Real Assets Solano Real Estate Scene: Back road to downtown Suisun City Fairfield Daily Republic Solano Real Estate Transactions: April 26, 2024 | Solano Business | dailyrepublic.com Fairfield Daily Republic reAlpha Tech Corp. Launches Claire, Real Estate's First AI-powered, Zero-Commission Smart Buyer's Agent Business Wire From First-Class to Super Prime: A Luxury Real Estate Success Story News Channel Nebraska $2.2 million Key Biscayne townhome highlights this week's Real estate deals for Key Biscayne and Brickell Islander News.com real estate market and insurance Sacramento Appraisal Blog Real estate transfers: 3 Stark County homes sell for $500000 or more Canton Repository San Francisco Buyers Bring Its Luxury Housing Market Back to Life The Wall Street Journal $5 billion real estate firm St. John Properties opens office in Plano The Dallas Morning News Homebuyers and sellers might spend less following major real-estate settlement - Evanston RoundTable Homebuyers and sellers might spend less following major real-estate settlement Evanston RoundTable Recent commercial real estate transactions - 4/24/24 BizTimes Milwaukee Berkshire Hathaway's real estate firm to pay $250 million to settle real estate commission lawsuits Bowling Green Daily News Real Estate Investment in Belize - Luxury Beach Front Opportunities | Covington-Maple Valley Reporter Covington-Maple Valley Reporter Coima selected for €500m Intesa Sanpaolo real estate mandate IPE Real Assets Real-estate agent's ritzy Hamptons home used in fake Airbnb scam Business Insider Is The Housing Market Going To Crash? Bankrate.com 9 Ways Rich Real Estate Owners Save Big on Estate Taxes Business Insider Cincinnati zoning changes: Homeowners rip into city - Cincinnati Business Courier The Business Journals Agencies' headquarters in DC remained 'nearly empty' in 2023, real-estate board finds Federal News Network Real Estate Quarterly: Auctions On the Rise Los Angeles Business Journal Infamous bin Laden mansion where neighbors witnessed family airlifted after 9/11 is demolished New York Post Big Tech Is Downsizing Workspace in Another Blow to Office Real Estate The Wall Street Journal |
RELATED ARTICLES
Selling Houses Fast: Basics of Design & Color Psychology Fixing up houses to ready them for sale includes a design plan for needed changes. Save money on transformation costs by choosing design details right the first time. What is Tax-Deferred Exchange? Under Section 1031 of the Internal Revenue Code, owners of real estate held for investment or use in a trade or business can swap their property tax-free for "like-kind" real estate.Exchanges are made for people wanting to stay invested in real estate, increase their leverage and to avoid paying hefty taxes upon the sale of property. 10 Frequently Asked Short Sale Questions 1. What happens to the seller's credit rating when they allow an investor to short sell their property?What typically happens is the loan will show up as "paid" on their credit report; however there will be a notation that says "settled for less than originally owed" or something along these lines. Closing Costs When Buying A Home Closing costs are often the last thing a person thinks of when buying a home. While closing is the joyous moment the home becomes yours, the costs can be surprisingly aggravating. What is a Foreclosure? A foreclosure is an action taken against a property owner by seizure of his/her real property. It can be for many reasons. Maltas Market Battle With new destinations such as Bulgaria, Slovenia and Croatia offering two and three bedroom apartments for sale for £50,000, there was concern last year among some Malta estate agents that 2005 could see a drop in the number of UK and Irish buyers choosing to buy a holiday home on the island.With good all year round temperatures enticing many buyers for the winter months as well as the summer, driving on the left and a warm welcome from the local population who nearly all speak English, Malta has been popular for some years among overseas property buyers. Youre Not Paranoid: The House Really Hates You If you've just bought a house, you may be able to relate to a fascinating essay in Maya Angelou's book, Even the Stars Look Lonesome.When Ms. Don't Just be a Real Estate Agent, be a Professional! Buyer Broker Agreement? What's that? Most agents don't ask their potential buyers to sign anything. It is too?well?you know?uncomfortable. Real Estate Bankruptcy Although real estate bankruptcy cases no longer dominate the bankruptcy courts' dockets as they did in the early nineties, but they continue to be filed with great frequency in UK. At its essence, the real estate bankruptcy is a two party dispute between mortgagee and mortgagor. Homebuyer Heaven Can't Possibly Last With interest rates at record lows over the past year, there's really only one way for them to go, the only question is when. Most experts agree that rates will remain fairly stable in the short term, at least until the end of the year, and some believe they will even decrease slightly. Selling by Owner = Saving by Owner? According to the National Association of Realtors, For Sale By Owner (FSBO) home sellers comprised nearly 14% of all home sales in the United States in 2003. The Boston Globe reported that nearly 25% of homes sold in that area during that same time period were FSBOs. Residential Income Property Financing: Part 2 of 3 Welcome to the second segment of a three-part series about income property. In this second segment we will be discussing financing options for residential income properties as well as the upside (and downside) of owning this type of property. Wealth Building - An Advantage of Home Ownership As you grow older, the issue of wealth building comes front and center. Wealth building simply refers to increasing the net value of your total assets. The Secret Jewel in the Mediterranean Crown Since the Northern Cypriots famously voted 'yes' to the UN backed Annan plan for the peaceful reunification of Cyprus in 2004 the world has awoken to the secret and hidden beauty of this untouched jewel in the Mediterranean crown. Those open-minded and individual thinkers seeking elegant living, unrivalled Mediterranean-region investment property opportunities or their own hideaway are today embracing Northern Cyprus. Why I Love Country Living As somone who has lived in both places, I can tell you that country living certainly beats the hustle and bustle of city life! Living in a rural area has advantages that simply can't be bought at any price.In the city I was bombarded with the sounds of horns blowing and sirens blaring. What Is a CMA "CMA" is an abbreviation real estate agents use for a Comparative Market Analysis. A CMA gives an estimated sale price for a property given current market conditions. Sell Your Home Without Paying Any Commissions All of us know that real estate commissions can work out to quite a bit of money - anything from a few thousand dollars with discount brokers to 6% in commissions with full-service agents. That's a substantial sum of money to be paying for something you could very well do on your own. Selling A Home - What Attachments Stay or Go? The home selling and buying process can be confusing. This is especially true when it is a FSBO (for sale by owner) operation. Planning for Real Estate with Estate Planning One of the most important considerations you will need to make in regards to your real estate holdings and your estate includes tax planning. If not handled properly, your estate could end up getting hit with significant losses due to taxes after your demise. How to Choose Your Real Estate Lender Because you need quick action when applying for a real estate purchase loan, find a lender you can access easily. A lender's quick response signifies good service to follow. |
home | site map |
© 2006 TIGER MEDIA |