|
|
| www.1001TopWords.com |
|
|
Nobody Loves A Landlord
The typical landlord starts off life as a lighthearted real estate investor. The investor isbrimming with enthusiasm and is determined toacquire some single family homes that will beattractive to renters... and start down the roadto financial independence. Then... Wham! Reality smacks them right inthe face! The investor-landlord is fair game foralmost everyone. Why? Because nobody loves a landlord. It's bad enough that many renters don't quite understandthat without their monthly rent payments the landlordcan't make the mortgage payments on the property. A few renters are surprised to learn that the family room of arental home was just not designed as the place to rebuildmotorcycles. Nobody loves a landlord. And then... how many legal hoops must the landlord jumpthrough? In most states tenant/landlord law favorsthe tenant in many ways For example: A tenant signs a one year lease. Six months later thetenant breaks the lease and moves. Now the law demandsthat the landlord find a new tenant for that unit asquickly as possible. Yes, the tenant only has to pay rent until the new tenant is found... but the burden falls on the landlord. Why shouldn't the tenant... the one who broke a contractual promise have to find the replacement tenant? Why? Because nobody loves a landlord! Here's the first paragraph of a story in my morning newspaper "A huge marijuana garden of 212 plants nurtured by an intricate irrigation and lighting system worth ten of thousands of dollars was uncovered inside a West Valley rental house Saturday." The house was vacant except for the cash crop and I can'thelp but wonder if the growers were getting governmentfarm subsidy payments? The home has an out-of-state owner. Some poor investor whothought he would cash in on the fast-rising Arizona home values. Here's the kicker. That investor could be held responsible, becausehe did not properly supervise the use of the property! Many areashave such laws. Why? Because nobody loves a landlord! This should be a reminder to all of us that a rental house orunit is not a set-it-and-forget-it investment. Every good leaseor rental agreement has an inspection clause that allows thelandlord or his representative to periodically enter and takea look at the condition of the premises. Are you doing that? You should be, because... Nobody loves a landlord! About the Author: Mark Walters is a third generation real estate investor who shares his experience from his Web sites:http://www.lease-option-sub2.com
|
|
|
|
RELATED ARTICLES
Becoming A Battle Hardened Real Estate Veteran Without All The Scars Step 1 is always to determine the fair market value(FMV). As a real estate investor, you can always buy properties at the FMV. My question is why would anybody want to do that? Through careful selection, you can always find properties that are priced below FMV, regardless if they are existing or if they are a preconstruction project. The best way to determine FMV is to work with someone already familiar with the area or determine yourself through local websites showing recent sales histories. When Showing Your Home Here below are some of the reasons why buyers may be put off when visiting your home. Much Ado About Mansionization? Is there a perpetual shadow hovering over your house? Do you feel as though you live in a Batman movie? You may be the victim of a neighboring McMansion or a new development trend called mansionization, the housing industry's equivalent to bigger portions and fast food. Foreclosure Home Deals Did you know that you can save tens of thousands of dollars on the purchase of your home by investing in a foreclosure or preforeclosure property? When you are trying to purchase a home for the first time, and you have limited resources and limited funds, it is particularly important that you get the most "bang for your buck". Real Estate Investing Produces Extraordinary Profits Imagine making $5000 a year from real estate investing without recognizing you are real estate investing! Property Investing ? Port Melbourne Life on the Edge Property investing prices pick up following a cooler winter last year. Susannah Petty Reports. Real Estate Investing ? ?The Neighborhood Factor? Real estate investing can be a dream career when the process of buying and selling is mastered. The biggest challenge in real estate investing is not the money to get started or the availability of the product. Real estate investing's biggest challenge is judgment. Personal decisions in making the purchase, fixing up the right things, and making the sale require judgment that comes from experience. The second and 100th property should involve better judgment than the first. Buying an Unfinished Home Maybe Your Answer For the first time "want-to-be" homeowner, purchasing an unfinished new home maybe just the answer. With mortgage interest rates still at record lows, there has not been a better time to purchase a home in decades. However, home prices have dramatically risen over the past several years, and even with low interest rates, for some the dream of owing one's own home has still remained out of reach. Panama is Hot - A World Class Retirement Haven Thats Ripe For Profitable Real Estate Investment If you've followed any of the major survey agencies around the world that rate places for retirement, Panama has been on top of the list in many, and for a few years running. So, if you're looking for a place outside U.S. borders to retire, Panama should be given very serious consideration. Panama has a lot going for it.And even if you don't plan on retiring or living in Panama, Panama has also rated the very highest in real estate investment opportunities for those of you who would like to make their money from a distance.Here's what is being said about Panama by some of the bigger players in the real estate market: "Real estate in both emerging and developed markets outside the United States offers some of the best investment opportunities in the world right now. " - Ricardo Griffin - the Offshore Guru at OMA. Ltd, international offshore consultants, located in Panama."Global real estate will be the only major asset class that could deliver double-digit returns over the next five years." - Barton Biggs, Chief Global Strategist and Chairman Morgan Stanley Investment Management, Pensions and Investments "The good news in global real estate - it's no longer exclusively for the mega-rich!" - Lief Simon - Editor, International Living and Global Real Estate InvestorOne can invest in property or buy a place for investment in any region of Panama but for Expat World its money is on properties in Panama City. We've been there more than a few times and we personally rate Panama City in the top three metropolitan cities of world that one can afford to live in and enjoy a good life in. Panama City has world-class restaurants, five-star hotels, international banks, hundreds of multinational businesses, a Manhattan-type skyline, every imaginable luxury ... all at about half the price you'd pay in Miami. AND it's only a few minutes to a few hours to the beaches, mountains, country side of Panama itself. It has all the infrastructure one might want! AT HAND and just a short distance from the romantics idea of paradise just a short distance away.On the esthetic side, few places in the world offer spring-like weather year-round, a low cost of living, safety, security, peace of mind, beautiful landscapes. It has mountainsides covered with flowers and planted with coffee and beautiful waterfalls ... not to mention the best pensionado program (retirement program for foreigners) in the world. We'll tell you more about that later. It's a real benefit for the retired expat, making your buck stretch a long way. And we do mean bucks, for the US dollar is the official currency of Panama.PANAMA'S A BARGAINSince the U.S. military and Panama Canal personnel pulled out (in 1999), thousands of houses and apartments have flooded the market. Abundant supply ... limited demand. so prices are cheap. You'll find bargains galore. There are bargains in property, both for sale, for rental and for investment are readily available.You can find a three-bedroom, luxury apartment downtown with a deck, private parking, a pool, the whole ball of wax in the $70-$80,000 range and most properties in this range have an ocean view.EW discovered properties there that were smaller and a little away from the prime areas in the $25,000 to $40,000 range. And if you are the fixer-upper type you can find the proverbial steal. You can own your own apartment or bungalow or some investment property by heading to Panama and hitting the streets and looking for the bargains OR you can use a firm that EW recommends to look for you and offer you the best deal in properties to live in or real estate investment properties. More on that later but first let us continue with why we think Panama is THE place for the best real estate buys today.Panama is elite because of its sheer natural beauty and, most importantly to many, because of the privacy it affords in personal and financial matters combined with it's great retirement program for foreigner! s : Ten Big Mistakes That Will Lose That Property Sale If you are serious about selling your home, you probably go to a huge amount of effort when you show potential buyers around your property. You clean the bathroom until it sparkles; vacuum the carpet; brew coffee or bake bread; maybe you even banish the kids to their grandparents, but did you make one of these Ten Big Mistakes that can lose the sale ? but are so easy to avoid. Feel At Home Faster After You Move Moving to a new community can be a great adventure, if you go with the right attitude and a sound strategy for settling-in. Incorporate these tips into an action plan, and you'll stay focused, organized and proactive-just what's needed to put roots down fast. Back To The Future - Big Changes Are Coming, Get Ready Now The comments below are quoted from a recent speech by Ben Bernanke, a member of the Federal Reserve Board of Governors... Negotiating and Sales Skills Are Critical When I first started getting active in creative real estate, my skill set at negotiating was very weak. I had done the telemarketing thing for American Express as a financial planner and had studied and learned a few techniques. On the surface one might think that would be a perfect tie-in to talking to sellers about their properties and their financial situation. I can promise you it wasn't. 5 Secrets for Surviving a Real Estate Market Downturn History repeatedly serves to show us that the real estate market is cyclical. It has boom times and stagnant times, occasionally it suffers a crash but real estate never becomes worthless, therefore if the experts are right and we're about to suffer a slow to stagnant period in the real estate market, all is not lost! Cheap Homes For Sale In Great Towns My wife Ana and I found cheap homes for sale all over the country during a seven-week drive, and we even bought one along the way. It was in a pretty little town in the mountains of western Montana, and it cost us $17,500. We spent almost $2000 to fix it up the way we liked it, and lived there for several months before selling it for $28,000. You can see a photo of our little pink house on the homepage of our site www.HousesUnderFiftyThousand.com. This was not a fluke. There are still great towns where you can find cheap homes for sale. Cheap Homes, Nice Towns: An Example Negative Gearing ? It?s Not to Your Benefit! The concept of negative gearing has been originally developed to encourage real estate investment in Australia by allowing any income losses from property investment to be deductible from other income as a tax benefit. This means that the taxable income of the owner will be reduced after the deduction and therefore the total tax payable is also reduced. 10 Tips for Investing in Distressed or Foreclosed Properties 1. Search on the world wide web for distressed or foreclosed properties as a starting point. Use a professional REALTOR to identify great foreclosure deals for you. You may be successful at searching the web on your own, but keep in mind some of the information is outdated, some may be incorrect, and some of the available properties are not even listed. A REALTOR subscribes to updated MLS listings and can offer you the most current information available. Inspecting Your New Home - 17 Areas You Must Inspect Before Taking Possession Congratulations! You've made your decision; you've chosen your new home and your builder. So what needs to happen next? Once you have a firm contract and you have selected the features that will go into your new home, it is time for the builder to turn your dream into reality. How Can I Stop Foreclosure on My House? We understand the being in foreclosure is a scary thing. You are probably wondering how can I stop foreclosure on my house. There are many options available when facing foreclosure. They may include reinstating the loan, forbearance, loan modification, mortgage refinancing, sale of the property, deed in lieu of foreclosure, or bankruptcy filing. Donald Trump on Real Estate I love what Trump says about the business of real estate.
|
| © Athifea Distribution LLC - 2013 |
