Proven techniques to get your income producing property rented fast. Strategies to market your property at little to no cost to the owner as well as tips to maximize your marketing dollars.
Seal Beach, California used to be dynamic and charming place. Now the situation is a bit different. Some years ago Seal Beach was a lively and dynamic place with games, entertainment and of course, the seals.
Over 250,000 Foreclosures in U.S. in each of the last 10 months. Where are they going? They are going into Apartments!, and its creating thousands of jobs and careers for the “Apartment Rental Industry.” Some of the best opportunities are located in some of the most vibrant and beautiful areas of America; California and Florida.
Let’s go through the more quantitative things that we can talk about. Obviously you’re going to prepare your property. One of the things I really recommend, if at all possible, is to pre-qualify your callers. Use your voice mail system. That eliminates a lot of people that are obviously not going to work.
Managing your own rental properties is a Business, not a Charity! Run your Landlording like a business, don’t get personal feelings get in the way, and you’ll save yourself a lot of money and headaches.
Necessity is the mother of invention, goes the old saw, and it’s never been truer than in this day and age. With construction on new housing at a slow down, the real estate market in a slump, and – on a seemingly unrelated note – more and more people calling for a global policy of reduce, reuse and recycle, the building and architecture industry has had to take some interesting twists and turns to get to the goal of providing the housing that is greatly in demand.
Today I reviewed over eighty tenant debt accounts and noted that the average balance due is significantly higher than a year ago. With the exception of the most expensive areas (such as California, New York City, and the northeast), the average amount of tenant debt is normally between $2500 and $3000.
If your time, aggravation and effort to rent a property yourself are worth the added income of $403.00 per year or $33.58 a month, then by all means you should not hire a property management company! During my daily activities driving around town looking at properties, I see many For Rent By Owner signs on lawns of vacant rental property. As I see these signs, I find it interesting that the owners have not asked themselves, is it really worth it?
Generally, the review is based on comparable properties in the area and may require some research on the part of the homeowner. If they require assistance, all they need do is contact a local realtor specializing in their area, and the information will most likely be provided free of charge.
Tenant inability to perform commercial lease obligations? Landlord options? Tenant personal property? What to do?