No Vacancy
The current rental market is Hot. The recent record number of foreclosures have left families displaced, bank owned properties sit empty and mortgages are hard to come by. Throw in unemployment and depreciating properties and you get a high supply of prospective tenants. Properties shouldn’t be sitting vacant long in this market. Most of our [...]
No Jobs, No Housing Recovery
Until people are finding work, there will not be any appreciation in home prices and foreclosures will continue. The latest statistics show a drop in unemployment to 9.1%, but this doesn’t factor in people working part time or no longer actively looking. But all data aside, I am still seeing neighbors, friends and former colleagues [...]
Is Your Property Manager a Realtor?
Most property management companies are run by Realtors. They can manage your property, or sell it, or whatever. Too bad for you the Realtor can make a lot more money in a lot less time if they throw your property on the MLS, have a buyer come along, and get a 4% commission instead of [...]
The Effect of Record Foreclosures
When you have record numbers of foreclosures like the United States has had over the last few years, you get record numbers of renters. The most amount of people in history have been losing their homes to foreclosure, when this happens the person: A. Doesn’t have a place to live B. Has bad credit C. [...]
Rent vs. Buy 2010
The rent vs. buy calculator was traditionally used by realtors and mortgage lenders as a way to show you the benefits of homeownership. These include building equity, getting a tax write-off and appreciation of the property. These numbers always skew in favor of purchasing a home instead of renting, which is what they want you [...]