As a real estate investor, you are probably familiar with Real Estate Comparative Market Analysis (CMA) – assessment of a property’s market value based on comparable properties sold in the area.
But how about Rental CMA’s? You are already doing it when you are trying to answer the question: How Much Rent Can I Get? We [...]
Monthly Archives: May 2009
Zilpy: Your Neighborhood Rental Facts
May 1, 2009 – 1:13 pm
The Law of Clarity
May 1, 2009 – 12:18 pm
Clarity accounts for probably 80% of success and happiness. Lack of clarity is probably more responsible for frustration and underachievement than any other single factor. That’s why we say that “Success is goals, and all else is commentary.” People with clear, written goals, accomplish far more in a shorter period of time than people without [...]
The Great Challenge of Life
May 1, 2009 – 12:16 pm
Here’s the great challenge of life – You can have more than you’ve got because you can become more than you are.
I have found that income seldom will exceed your own personal development. Once in a while income takes a lucky jump, but unless you grow out to where it is it will go back [...]
U.S. FORECLOSURE INDEX: March Foreclosures Soar, Up 44% Over February’s High
May 1, 2009 – 12:14 pm
Lenders End Moratoria, Opening Flood of Foreclosures; Re-defaults and Job Losses Also Take Their Toll
SACRAMENTO, Calif. – Completed foreclosures hit another monthly record in March as 175,199 homes were lost to foreclosure, up 44 percent from February’s record high, according to the latest U.S. Foreclosure Index released today by ForeclosureS.com, a leading real estate [...]
Tenant Screening Tips for Today’s Economy
May 1, 2009 – 12:13 pm
Tenant screening is more difficult in this bad economy. For one thing, there are fewer applicants, and that forces a landlord to choose between more mediocre prospects.
But these times are also hard on landlords who rely too heavily on credit reports to make screening decisions. More applicants than ever have a foreclosure or a bankruptcy on [...]
Who Pays When Renter Skips Out?
May 1, 2009 – 12:11 pm
Question: I’m the owner of an apartment complex near a large hospital. The hospital regularly brings in traveling nurses, who stay for three months. The nurses work for an agency, and the agency provides housing for each nurse by renting an apartment from me. One of these nurses stayed for two weeks, then quit her [...]
Ten Tips for a Rock Solid Agreement
May 1, 2009 – 12:09 pm
In times of stress, communication can get out of whack quickly. It’s never been more important to get your agreements in writing, not because you expect the other party is not going to honor their word, but because you need to make sure you both know what the agreement is.
 Here are my 10 practical tips [...]
Mortgage Rates Tanking – Loan Applications Surging
May 1, 2009 – 12:05 pm
Mortgage loan applications continue to increase as people take advantage of low mortgage rates, according to the Mortgage Bankers Association. Their data included both home purchases and loan refinancings.
Meanwhile foreclosure properties continue to attract homebuyers and investors looking for bargain-priced deals.
The rising loan applications, the increased sales of foreclosures and the low mortgage rates may [...]
More on Assigning a Deal to an Investor
May 1, 2009 – 12:04 pm
After talking with several of my coaching clients this past week about assignments, I think we need some clarification.
First, there is a BIG difference between “thinking” the deal is done, and actually having a deal under contract. The first simply implies you have been talking to a homeowner who has been in notice of [...]
New Housing Rescue Plans – How Can You Benefit?
May 1, 2009 – 12:03 pm
Just when I think we’re done with the Stimulus Plans, the Obama Administration rolls out another gift to the housing market. This time they are addressing second mortgages as well as a set of measures to help underwater borrowers stay in their homes. I never say no to a gift, but hasn’t Obama been reading my [...]
