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Many people are interested in buying a home right now while housing prices across the nation are low. However, they have learned their lessons from the problems of the recent past and definitely want to make sure that any home they do buy is a home that they can actually afford. It’s obviously important to figure out what you can realistically afford to pay for a home so that buying a home doesn’t get you in to big financial trouble. Unfortunately this type of important assessment isn’t actually that easy for the average person to figure out. Following you’ll learn about the different things that you need to look at when you are trying to determine how much home you can afford to buy. (more…)

photo credit: Unhindered by Talent

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…)

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A lot of people have the misconception that it’s a landlord’s responsibility to repair a rental unit and it’s the tenants responsibility to maintain it. This might actually be a good rule of thumb to live by, but it’s not a legal tenet and doesn’t apply in all situations. (more…)

Being a property manager can be a lucrative career decision, but not everyone is cut out for this job so you shouldn’t jump into it without carefully investigating what is involved.

Property management requires a great deal of organization and people skills as you?ll have to juggle many units and tenants. Finding the right tenants is just the beginning of the job as you’ll then have to keep them happy, maintain the units, handle insurance issues, and any conflicts that arise. You may also have to evict tenants, which requires a personality that can adapt to the situation and to the personalities of your renters, it also requires a lot of patience.

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