by Suzanne Rodoni-Silverberg | Feb 22, 2013 | Property Management
It often seems that a property owner does not have any rights and that tenants call the shots, the courts only rule in favor of the tenant, and the attorneys end up with all the money. Just look at the multi million dollar lawsuits that have happened regarding mold, lead-based paint, Fair Housing, and more. In fact, we do our best to keep owners apprised of the legislation and legal actions that are continually happening. However, there is another perspective to landlord and tenant rights. (more…)
by Suzanne Rodoni-Silverberg | Feb 22, 2013 | Property Management
How would you rate your knowledge as a landlord. Being a landlord is more than just collecting rents. Understanding landlord/tenant law is the best protection for a landlord other than hiring a professional property manager. (more…)
by Suzanne Rodoni-Silverberg | Feb 22, 2013 | Property Management
With today’s rising rents, lower interest rates and property values, buying an investment property may be a good addition to your financial portfolio. Before you make the decision to purchase you should consider the following:
Check with your CPA or financial planner: Current tax laws favor investors. Depreciation and principal reduction can build wealth over time. Holding a rental property until its owned free and clear can be a good source of retirement income
Compare recent sales and rents: Look at what has sold recently and what income it generates. Are certain areas generating better rents? What down payment do you need to generate the return you are looking for? (more…)
by Suzanne Rodoni-Silverberg | Feb 22, 2013 | Property Management
Many people think tenant screening means only obtaining a current credit report. Credit information is important and in today’s rental market, they contain more details than ever before. There are continual changes to the Fair Credit Reporting Act, FCRA, because landlords, employers, and businesses consider credit ratings a valuable resource.
Then why is a credit report not enough? Running a credit history and relying on just one area for approving an applicant is simply not thorough enough. A credit report just does not give you all the information you need to make a decision about a prospective tenant. To make the most informed and educated decision about the person you are considering you need several sources to give you a “complete picture”. (more…)
by Suzanne Rodoni-Silverberg | Feb 22, 2013 | Sellers
If your home has been on the market for more than its local market average time and you have not been able to sell, chances are that one or more of the reasons below are to blame:
Price
A good real estate agent should do their best to price a home based on sales of similar properties within your surrounding neighborhoods when. If an agent quoted you a much higher price than other agents you interviewed, they may have attempted to “buy a listing”. Such tactics can hurt a seller in the end. Pricing a property too high can often result in a “stale” listing and a lower sales price in the end. (more…)
