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“50 Interviews: Successful Property Managers”
1. Your prospective tenant does a lousy job filling out the rental application.
2. The tenant is leaving the current rental property mid-lease.
3. They pass off a friend as a landlord reference.
4. The tenant asks if they can pay the rent in cash.
5. They talk about roommates, but want the lease to be only in their name.
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From day one, create a paper trail in case you ever need to show that to a judge.
1. Set up a tenant file — either hard copy or digital — with all the leasing documents signed by the tenant.
2. Add an entry for every tenant communication, including rent receipts, repair requests and complaints.
3. The tenant’s bad behavior typically begins with a minor infraction and then gets progressively worse. It’s important to track all those offenses to show the pattern.
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Freddie Mac reports the following national averages on mortgage rates for the week ending Jan. 16:
30-year fixed-rate mortgages averaged 4.41 percent, dropping from last week’s 4.51 percent average. Last year at this time, 30-year rates averaged 3.38 percent.
15-year fixed-rate mortgages averaged …
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The six ski resort towns that emerged on top for real estate investors from RealtyTrac’s list are:
1. Whitefish, Mont.
Median list price: $249,736
Gross rental yield: 5.21%
2. Vail, Colo.
Median list price: $626,142
Gross rental yield: 2.96%
3. Truckee, Calif.
Median list price: $379,492
Gross rental yield: 4.88%
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Home remodeling is projected to continue the strong growth it started in the second quarter of 2013 into the first half of 2014, according to LIRA, the Leading Indicator of Remodeling Activity, at Harvard University’s Joint Center for Housing Studies.
Double-digit gains in spending are expected through the …
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In order to have a fully recovered housing market and economic recovery, economists point to the need for four positive indicators:
1. A healthy job market with low stable unemployment: the unemployment rate — while inching down — still remains high at 6.7 percent.
2. Mortgage delinquencies that have returned to historical averages: mortgage delinquencies have fallen to 5.88 percent — nearly half of their peak rate but still higher than the national average of about 2 percent.
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1. Efforts to block windows day and night.
2. A skunk smell.
3. Bright lights.
4. Condensation.
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A little caffeine may give your memory a jump-start, according to a new study published in the scientific journal Nature Neuroscience. Researchers found that giving people caffeine after they memorized a series of pictures significantly increased their ability to recall subtler details than people who had only received placebo pills.
However, don’t overdo it, researchers say.
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Charlie Young, president and CEO of ERA Real Estate, says that several factors in the housing market point to a growing trend of relocation in the new year. More people may be prompted to relocate to areas that offer better costs of living, making 2014 the “year of the big move,” he says.
Here are some factors he points to:
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