Archive for the ‘Rental Market’ Category
Las Vegas Property Management
Las Vegas Multiple Listing Service resale homes available in 2007:
February: 1400
April: 8654
September: 15758
These numbers speak for themselves. Las Vegas has shifted from being one of the hottest real estate markets in the country to one of the most challenging. What impact has this had on Las Vegas Property Management? (more…)
Las Vegas Multiple Listing Service resale homes available in 2007:
February: 1400
April: 8654
September: 15758
These numbers speak for themselves. Las Vegas has shifted from being one of the hottest real estate markets in the country to one of the most challenging. What impact has this had on Las Vegas Property Management? (more…)
The Cost of Selling a Rental House
If you own rental houses or are thinking of buying a rental house it pays to consider your future selling costs. These costs can vary significantly depending on how you sell, when you sell, and what you do with the money.
We’ll start with seller’s closing costs. The big three are typically sales commissions, county taxes, and title insurance fees. I just sold a house for $290,000. I paid $4451 to the county as transfer taxes and I paid $1323 for title related fees. No real estate agents were involved so fortunately I avoided paying $17,000+ in commissions. As you can see these costs can put a large dent in your profits. They vary depending on the property location. Contact your local title company to identify the costs in your area. (more…)
If you own rental houses or are thinking of buying a rental house it pays to consider your future selling costs. These costs can vary significantly depending on how you sell, when you sell, and what you do with the money.
We’ll start with seller’s closing costs. The big three are typically sales commissions, county taxes, and title insurance fees. I just sold a house for $290,000. I paid $4451 to the county as transfer taxes and I paid $1323 for title related fees. No real estate agents were involved so fortunately I avoided paying $17,000+ in commissions. As you can see these costs can put a large dent in your profits. They vary depending on the property location. Contact your local title company to identify the costs in your area. (more…)
Investment Property Owners Should Consider Expanding Holdings
We’ve all heard about the recent problems with mortgages referred to as subprime loans. The current and more importantly future defaults on these loans could push many homeowners into the rental market. In a nutshell, subprime loans are issued to borrowers with a low credit rating. (more…)
We’ve all heard about the recent problems with mortgages referred to as subprime loans. The current and more importantly future defaults on these loans could push many homeowners into the rental market. In a nutshell, subprime loans are issued to borrowers with a low credit rating. (more…)
Tenant’s Failure to Pay Rent
credit: Daquella maneraAlmost every landlord runs across this problem at least once in their career, their tenant is late with the rent. How you handle this situation depends on you, the tenant, your contract and the laws of your state. Your lease probably contains a forfeiture clause in the event that the tenant does stop making payments, and even if you don’t have a lease or it doesn’t have a clause the law generally accepts this as a stipulation of all landlord tenant agreements. But this may not be the path you wish to follow, in fact, in most situations you can resolve the problem through other means.
(more…)
credit: Daquella maneraAlmost every landlord runs across this problem at least once in their career, their tenant is late with the rent. How you handle this situation depends on you, the tenant, your contract and the laws of your state. Your lease probably contains a forfeiture clause in the event that the tenant does stop making payments, and even if you don’t have a lease or it doesn’t have a clause the law generally accepts this as a stipulation of all landlord tenant agreements. But this may not be the path you wish to follow, in fact, in most situations you can resolve the problem through other means.
(more…)
