By Tony Youngs As I go to various states pursuing distressed property acquisitions, I am finding an uptick in the number of sellers that are willing to sell their off-market properties. These include probate situations, tired landlords, elderly moving to assisted living, vacant properties, bankruptcies, and pre-foreclosures. The problem is, sellers still have the impression their homes are worth a lot...
(by Robert [TN] State Specific Question About: TENNESSEE (TN) A prospective Tenant is asking if we would allow two birds that stay in a cage? Any thoughts or past experience is appreciated. Seems kind of harmless, but I nothing to base this on. Allow birds? (by Jim in O C [CA] Increase the deposit like any other pet. I had one tenant that...
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 U.S. Construction Spending Up 0.5% in August The U.S. government is reporting that total construction spending in August, 2023 was at a seasonally adjusted annual rate of $1,983.5 billion, which is 0.5% higher...
Disqualifiers - go! (by CJ [FL]) Posted on: Aug 23, 2023 11:39 PM Please tell me your disqualifying characteristics or the standards you expect of applicants. What written ( or unwritten) criteria do you use when vetting an applicant. How about these topics: petit theft, dui, stalking, etc. Give me the requirements that you use that you feel have enabled you...
Here's a phrase that should never go out of mind: "Done is better than perfect" Why? Because it's the secret sauce that many of the top real estate entrepreneurs swear by. Especially me! Heck, almost every email I send has at least a half a dozen misspellings... And I will never apologize or go back to fix them. Here's why... Perfectionism: The...
Before you are quick to simply chuckle or dismiss this idea, I would strongly encourage you to click now and read the ENTIRE discussion currently taking place on our Q&A forum, that delves into the possible ramifications of a tenant's request. The extended, yet serious discussion hits on several fair housing points that many landlords have not considered, but points...
Victoria Cowart Becoming Pet Passionate By Victoria Cowart, CPM, NAAEI Faculty Are you acquiring residential rental property and wanting to start on the best foot? Here's a question that will impact approximately seventy percent of your renters. How will you respond to pets in your rental properties? Will you prohibit pets? Will you become pet-friendly? Or will you push yourself and...
In this Update, we will focus on maintenance issues very common to rental property owners, and highlight a couple of landlord discussions on faucets, drains, and tubs. In the first discussion, a landlord asks other rental owners how should he or she handle a resident who calls about a broken knob on the kitchen sink and a clogged drain in the...
By: Jeffery S. Watson Most of you know that I’m a practicing attorney in Ohio with a history of trial work and litigation. One of the things a trial lawyer thinks about is how to get information admitted into evidence. I want to share with you the best way to get text messages between you and another party admitted into evidence. There is a right...
By M. Jane Garvey Many investors get into real estate because they like to know that there is something physical and tangible that they are buying. It is perceived as lower risk than some other investments. In the case of providing housing, we are providing a much-needed service, so the presumption is that there is an inherent value. In a perfect...