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When Are The Best Times To Buy a Home?

May 25th, 2008

As the housing market continues to change and fluctuate, potential home buyers find themselves facing a series of questions. Some of these questions are new issues in the market. For example, many seniors who had planned to sell their big homes and buy smaller places are asking whether or not to do this in the face of declining home values. However, many of the questions that home buyers face today are the same basic questions that they have faced over time. One of the most common of those questions to plague people who are interested in buying a new home is “when is the best time to buy?” (more…)

Easy Home Fix-Ups for Landlords

May 19th, 2008

photo credit: mediadeo

Whenever an old tenant moves out of a place and it’s time to rent it out again, you need to make some basic repairs. However, you probably don’t want to invest a lot of money in the fix-up just so another tenant can move in and make a mess of your work. (more…)

Reverse Mortgage Do’s and Don’ts

May 18th, 2008

photo credit: visualpanic

The reverse home mortgage is a home equity loan available to seniors as a means of obtaining income from their homes. In positive situations, it can be a way for an older person to stay in his or her home despite a loss of income caused by retirement. It can even be used to invest in the home, create a profit, pay off additional rental property mortgages and establish financial security. However, bad choices (including using bad lenders and accepting bad terms) can make the reverse mortgage a negative situation instead of a positive one. (more…)

Renting is on the Rise but it Comes with Pros and Cons

May 17th, 2008

photo credit: stangls

Landlords and property managers have noticed a trend over the past few years that they generally see as a benefit: there are more renters on the market these days. That’s because many home owners have lost their homes to the subprime mortgage bust and the general decline in the housing economy. These people can’t afford to buy another home so they end up getting back into the renting pool. (more…)

Property Management and Playing the Liaison

May 16th, 2008

photo credit: TheAlieness GiselaGiardino??

One of the things that many people fail to take into account when they consider working as property managers is the fact that they are always going to end up stuck in the middle. The purpose of the property manager is to work as a liaison between the landlord and the tenants of the property. To do so without going crazy, you really need to be able to draw clear boundaries on both sides as to what your role is going to be. (more…)

Duties of a Property Manager

May 15th, 2008

photo credit: desi.italy

As a landlord, you might have some questions about which duties you can pass along to a property manager and which ones you should take care of yourself. Here are some of the common duties that can typically be safely handled by the property manager: (more…)

Southwest States Face Highest Foreclosure Rates

May 14th, 2008

photo credit: Apollo-Jack

People who are interested in snapping up homes that have hit the market after foreclosures will want to start looking in the Southwestern part of the United States. New foreclosure data reveals that Nevada, California and Arizona are the three highest-ranking states for 2008 foreclosures. (more…)

Building Owners and Managers Promote Green Efforts

May 10th, 2008

photo credit: Simon Davison

The Building Owners and Managers Association (BOMA) is an international organization whose members include the owners and managers of a variety of different types of professional buildings. They lobby for legislation related to the issues of concern to these members. The San Francisco chapter of this organization is working to promote awareness of its efforts that they have made towards implementing eco-friendly practices into building management. (more…)

Ohio County Considers Lower Property Tax

May 7th, 2008

photo credit: giuliana_miranda?

As a property owner, do you feel that the amount that you pay for property taxes is fair? If you’re like the average homeowner out there, your answer is probably no. Most people feel that their property taxes are higher than they should be, especially with home values themselves seeing decline. If you happen to live in Seneca County, Ohio, there’s actually something that you can do about it. (more…)

Foreclosure Rates Increasing Despite Government Efforts

May 5th, 2008

photo credit: salimfadhley

We all know that there is a housing crisis. We all know that people across the nation are facing foreclosures. And we keep hearing that the government is doing everything possible to mitigate the problem. But reports about foreclosure rates in the first quarter of this year seem to indicate that the government’s efforts aren’t enough to stop foreclosures from happening. (more…)