Your weekly news & updates Here is this week's "Weekly Roundup" from Real Estate Investing Today, the news & views site from the National Real Estate Investors Association. Visit our Website Existing Home Sales Down 5.4% in June The National Association of Realtors is reporting that existing home sales were down 5.4% in June to a seasonally-adjusted annual rate of 5.12 million (down 14.2%...
By Jeffery S. Watson Dear Investor, The second half of 2021 real estate taxes will be due and owing either this week or the next for many of you. I want to share something I have noticed recently. I have had three similar cases come across my desk in the last five weeks, which means it’s something that deserves attention. Investors who own properties that...
By Pete Youngs Beginners and seasoned investors alike are prone to making mistakes. Most mistakes can be easily avoided by just listening to people talking at your local REIA group or in meet up sessions. Some mistakes are minor and have little impact on the end result of selling or renting your property while others can become nightmares. This will not be...
Bank statements [WI] Once I settle on a candidate to rent one of my properties, I require 3 months of bank statements. I've found it to be one of the best predictors of successfully paying rent. Do any of you do this and what are your thoughts. Bank statements [MI] My ideal tenants are two adults in their mid 20s to...
Dear Investors, I want to thank all of you who sent suggestions, thoughts and encouragement after my previous email on homeowners insurance. I am currently going through the process of buying insurance on a property I recently acquired in a subject-to transaction. The existing insurance carrier will not insure me because they do not also insure my primary residence. For those...
A landlord shares something he neglected to do when he first started out, which he encourages all landlords to do: "One thing I neglected to do during my early investing years was figure out what my time was worth. I started this game like many small time ma and pa investors: I did everything except stuff I wasn't licensed to do...
An experienced landlord has learned the hard way about the importance of coming to an agreement with a resident or former resident PRIOR to going before the judge. Here's the landlord's account in his own words of what happened just this month when he and a resident went to court regarding non-payment of rent. [IN] Had eviction court yesterday. Been 6...
By Jeffery S. Watson This was the most frequent response I consistently heard from younger investors when I would remind them about the 1986, 2001, and 2008 to 2012 real estate market corrections. I would urge them to “stress test” their portfolios, meaning would their portfolio still cash flow if their operating expenses increased by 25% and rents fell by 30%....
Your weekly news & updates Here is this week's "Weekly Roundup" from Real Estate Investing Today, the news & views site from the National Real Estate Investors Association. Visit our Website Federal Court Upholds CA Law Requiring Landlords to Pay One Month’s Rent to Legally Evicted Tenants A federal appeals court recently upheld a California law that forces property owners who legally evict tenants...
by Scot Aubrey Everyone loves a good survivor story. Whether it is a group of 12 boys rescued from a cave in Thailand or the indomitable spirit of a soldier who endured more than two and a half years as a POW during World War II, these stories strike a chord with all of us. Naturally we put ourselves into the...