For celebrities who have the cash to spare, owning an island provides the perfect getaway. Private islands don’t come cheap; in addition to the cost of buying the land, owners have to supply their own water and electricity, create waste disposal and build a dock or an airstrip for access. Then there’s the cost of security: Somebody has to watch over the place when you’re not there.
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photo credit: mstorz
Is fractional property ownership right for you? Fractional means a mathematical portion of a whole. Fractionalized ownership of a luxury item has been commonplace for quite some time. You’ll often hear of people going in together to purchase a boat or an airplane and property is no different. (more…)
photo credit: seier+seier+seier
Are you a first time property manager? It’s a promising career and one you can make a small fortune at if you’re a good it. Follow the tips below and you’re certain to be a stronger, better property manager and happier with the job as well. (more…)
photo credit: illryion
You’ve given them more chances than they deserve and they’ve got to go NOW! It’s a horrible feeling but unfortunately its one that a lot of landlords and property managers have experienced. You try to help out the tenant and work out a solution but they’re still breaking the rules or not paying rent on time and now you just want to get rid of them. The problem is there are fair housing rules in each state and sometimes in each community that protect the tenant from an unlawful eviction. These laws mean there are certain hoops that landlords have to jump through to obtain a legal eviction. (more…)
photo credit: OK-59
You have listed a home for sale and it’s not moving. It could just be due to the slow market but that doesn’t mean that you have to sit back and wait for the market to speed up again before you can sell your home. There are things that you can do to improve your listing so that people will want to come take a look at the property that you have for sale. There are also things that you can do to the property to make it stand out from the crowd. By making the effort to do these things, you’ll be able to speed up the sale and generate some revenue from your real estate despite the fact that the housing market isn’t moving as quickly as most people would like. (more…)
photo credit: sscornelius
The so-called “short sale” in real estate is quite an oddity in comparison to traditional real estate lending. It essentially means that the bank that offered the mortgage loan will be willing to accept an amount lower than what is still owed. This is obviously something that a lender generally wouldn’t be interested in doing so the short sale is an uncommon aspect of real estate sales. The fact that it’s not common makes it a bit confusing for people who have never been involved in a short sale before. However, it’s something that can be done fairly easily, especially with the housing market the way that it currently is, so it’s worth looking into if you’re in the business of buying and selling real estate property. (more…)
photo credit: G & A Sattler
Have you ever considered a lease to purchase agreement. These home purchase deals can sometimes be a great boon to both the seller and the buyer but before you leap its best to know what you’re getting into. Lease options, options to purchase and lease purchase agreements all sound sort of the same but they’re actually three distinct purchase agreements. Each state has its own laws and regulations on these purchases and you should check your state’s particular version as they all vary slightly. (more…)
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