Technology is making it easier than ever for landlords to stay on top of their properties and tenants. I the past one of the problems has been remembering everything about the condition of a property if you are not writing it down or taking notes. By the time you get back to your car or office you have forgotten half of what you wanted to remember. Continue reading
In a previouse post I talked about bedbugs and the problem they are becoming, Bedbugs or is it Bed bugs.
Well the Arizona legislature passed a bill in this last legislative session which modified the current law. It is something everylandlord and renter for that matte should become familarwith. The has not been published yet but here is a link to SB1306 Continue reading
Here is a piece that I wrote for homebuyersearchaz.com. It gives insight in what sellers are thinking now as they contemplate selling their homes.
In the Mesa Arizona real estate market for 2011 we can make a few assumptions that I think most people will agree with.
So it is clear to see that it is still very much a buyers market and will be so for 2011. So looking for a house right now makes perfect scenes.
You may ask why would anyone want to sell?
There are two primary reasons: First, the seller is distressed and must sell & second, reason is to avoid being distressed.
Today’s buyers are much more demanding, demanding lower prices and better conditions. In the past we could just put the house on the market and it would sell, but that doesn’t work today.
There are 3 possible scenarios for selling your home in Mesa Arizona and the surrounding market they are; aggressive selling the first 90-days, moderate six to nine months and then patient a year or longer.
Selling your home is 2011 requires more planning than has been required in the past and it also requires that homes be in better condition for top price. It will also require that you get more creative, such as offer 6 months of prepared HOA fees.
What ever your reason for selling now is the time to begin marketing you property, but be prepared to wait.
Going green is all the rage right now and many people and businesses are touting it and offering incentives to get you to change out your old and replace it with new. As a landlord you need to be careful that you don’t get caught up in this craze and spend money you don’t need to.
As a property manager who manages in Mesa Arizona, Phoenix Arizona and in between I’ve got a few suggestion that don’t cost very much and will help to improve your bottom line. In no particular order here we go:
Over the last couple of years. I’ve had a number of clients who have been foreclosed on. Some of them got caught in the “let’s ride the appreciation train” others just had bad luck.
One of the investors, lost 7 4-plexes to foreclosure, this investor bought at the high point of the market under his wifes name, hoping that the market would continue to increase. Another investor bought his properties years ago, he didn’t over pay, put 25% down, and did everything right. He got caught in economic turn down, tenants moved out and new tenants didn’t come.
Should I Buy
The other day I had a new investor call me, we will call him Joe, we had recently talked and we was ready to get started investing in real estate. Joe had recently sold his company and had a large sum of money that he wanted to put in real estate.
We had talked and decided it would be best for him to invest in single family homes (SFR). In a price range of $100k to $150k. He has the cash to buy about 10 properties in this price range and if we leverage that money he could double the number of properties.
