It’s unfortunate, but many unscrupulous people are using the current economic situation as an opportunity to make a quick buck off of unsuspecting people. One of the most common areas for fraud is with home insurance online. While most companies provide reputable services, there are some people who will hide…
Late rents are one of the most common problems faced by property owners. No matter how careful your screening process might be, there is still a chance you might pick a ‘late rent payer’. Importantly, don’t hang around waiting for your tenant to pay his rent. Make sure you carry…
One of the biggest mistakes potential buyers make is letting their emotions make the decision. However it is important to look at the practical aspects of buying a property, since they are long term, high value investments. Here are five valid reasons why you should back out of the transaction:…
Becoming a landlord is an option worth looking at if one is looking for a second source of income. Owning and managing a rental property is not an easy job. Landlord and tenant rights must be fully understood in order to make it work. Being a landlord comes with its…
A below market value property is a property owned by a distressed seller who has probably fallen behind on mortgage payments and is looking to sell the property as soon as possible, even at a loss. These sellers are keen on getting rid of their properties at a price that…
For everyone that rents out a home, the worst nightmare can be to have a tenant that doesn not pay the rent. There are basic steps that can be taken to evict a non-paying tenant but these steps can be changed according to the tenant, state law, and the particular…
Lately, a lot is being said about real estate auctions. Buyers are finding this option attractive mostly because of pricing, especially in times of economic distress when everybody is looking for bargains. However, there are several risks associated with buying properties this way. First, some auctioneers do not give the…
Looking around your home, you might see a hundred different areas and aspects that could be repaired, upgraded or improved upon. Everything from the light fixtures and towel racks could be changed out, and from paint colors to appliances could be updated. So where do you begin? To determine the…
The short sale is a situation that occurs close to the early stages of a foreclosure. A lender allows the homeowner to sell the property for less than the amount of the outstanding principal on the mortgage. Biggest Benefit is Time-Sensitive The lender will accept proceeds of the transaction and…
As the name suggests, a Quit Claim Deed is a contractual document that is most commonly used to relinquish or “quit” a claim to the deed of a piece of real property. By signing a quit claim deed an individual or “grantor” is releasing any claim on the property in…