Investors have been flipping property for decades, but not on the widespread scale that they have done over the last 10 years. Flipping property is basically the process of buying property for less than it is worth, to fix it up and sell it for a significant profit. While this process can work with both residential and commercial property, it is more commonly seen with residential real estate. Investors can see up to 75% returns on their money in some cases, if they scope out the right properties in the right geographic locations. It is important to check out the properties thoroughly before purchase, to ensure that too much work isn’t needed. If you spend more in repairs than what you will be able to get out of the property, then it just isn’t worth it.
Is Flipping Property Really The Next Real Estate Investing Trend?
posted on November , 2013 by Lettie Lefevers in Real Estate
Before Getting a Mortgage, New York Residents Should Ask These Questions
posted on November , 2013 by Lettie Lefevers in Real Estate
If you’re thinking about purchasing a home in the Big Apple, it’s not a decision to make lightly. It’s essential to have a sense of responsibility because moving forward with the purchase of a home is perhaps one of the most important things you’ll ever do. When you apply for a mortgage, New York lenders will evaluate several factors, including your financial history. Keep reading to learn a few questions to ask yourself before moving forward.
The Responsibilities of a Realty Property Management Firm
posted on November , 2013 by Lettie Lefevers in Property Management
Do you own some type of rental property in the El Segundo area? If so, you may be considering hiring a property management firm. By being interested in this type of situation, you will probably want to know what type of responsibilities a company offering realty property management in El Segundo will take care of. Though all companies are different, you will find that, in general, they offer similar services. Some of the things that a company offering realty property management in El Segundo will offer include:
Rental Management: Advice When You Need it
posted on November , 2013 by Lettie Lefevers in Property Management
If you own a rental property yet do not consider yourself knowledgeable regarding landlord and tenant laws, hiring a property manager may be advantageous to you. With rental management, Palm Beach Gardens professionals can make life easier for you by offering advice that could save you from expensive missteps and legal battles. Caring for a rental property calls for strict adherence to certain health, housing, and safety codes. Regardless of whether a landlord breaks these codes knowingly or unintentionally, they may still be faced with violations, fines, or lawsuits.
Housing and Amenities
Landlords are obligated to honor certain regulations, including The Fair Housing Act. Fair housing protects buyers and renters from discrimination on the part of the owner. For example, it would be illegal to reject a renter’s application based on their ethnicity or gender. Many landlords are not aware of their legal responsibilities, including the need for livable conditions in their rental properties. Tenants are entitled to amenities, doors with working locks, and living spaces free of any type of infestation. Property managers counsel clients on their legal duties, if necessary, and make sure every tenant receives equal treatment and a safe living space.
Property Management Companies in Louisville Making Real Estate Investment Possible
posted on November , 2013 by Lettie Lefevers in Real Estate
If you have ever looked into real estate investment, you have probably heard about some Property Management Companies in Louisville that help make it possible. Without these companies, it would be challenging, if not impossible to buy, sell and lease many properties at one time.
Let Real Estate Management Ease the Stress of Working as a Landlord
posted on November , 2013 by Lettie Lefevers in Property Management
When it comes to real estate management, Las Vegas is home to some fantastic companies that can assist those who own property. Purchasing a single-family home, or even a multi-unit apartment building, with the intention of utilizing it as an income property is a profitable idea, but running a successful rental operation takes a lot of time and effort. It is tougher than most people think! By putting a real estate professional in charge of the time-consuming, day-to-day responsibilities, you will be able to continue making a profit without sacrificing your personal or professional life.
Does Your Property Manager Have Your Back?
posted on November , 2013 by Lettie Lefevers in Property Management
If you own a residential building in Queens, you probably have a property manager on hand who takes care of the day-to-day happenings of your property. The big question is does your property manager have your back? Are you sure they are really looking out for you, your property, and your tenants? You see, there are certain things a property manager in Queens should be doing in order to make sure you are getting the most out of your rental property. If they are not doing these things, it may be time to find a new one.
New to the Rental Industry? A Property Management Company Can Help!
posted on November , 2013 by Lettie Lefevers in Property Management
If you have recently purchased a home, condo, or apartment complex you intend to use for an income property, you have made a wise investment in a profitable industry. Real estate is something that will always be in demand, and it is a great way to earn extra money on the side. However, being a landlord might be more complicated than you think. To ensure you are prepared to enter into a business where you need to be available around-the-clock for your residents, you may want to consider working with a property management company. Tulsa property owners are now finding it is easier than ever to be successful in the rental industry with a bit of guidance from the pros.
A Short History of Summerville
posted on November , 2013 by Lettie Lefevers in Real Estate
Prior to the American Revolutionary War Pineland Village was a quiet, sleepy town in South Carolina, but in 1785 it was settled and became an official town in 1847. Renamed as Summerville the area’s redevelopment largely resulted from visits by plantation owners from the Charleston area. They came to Summerville to get away from the swamp fever and seasonal insects and the humid weather that made them so sick each year, but the climate in South Carolina was far less intimidating. Later, in 1899, the Tuberculosis Congress—the International Congress of Physicians—actually listed Summerville as among the two best areas in the entire country for recovery and healing of tuberculosis, throat and lung disorders. This was largely put down to the dry heat and the amount of pine trees in the area, which was very apt because in 1847 a law was passed that served a $25 fine on any person cutting down a pine tree of a certain size without permission. The town’s motto on the official seal says: ‘Sacra Pinus Esto’ which means the pine is sacred.
Why You Need a Property Manager for Your Rental Property
posted on November , 2013 by Lettie Lefevers in Property Management
If you are the owner of rental property in the Sacramento area, you may be wondering if you need to utilize the services of a property manager. Just as you would visit a mechanic when you need a car worked on or visit a doctor when ill, a property manager in Sacramento is the best to run a rental property. You will find that a property manager in Sacramento will know all of the laws, codes, rules and methods that go into managing a rental property and this can be very valuable.
A Property Manager will Find the Right Tenants