Owner's foreclosure: not a "get out of your lease free" card
Tuesday, April 19
The other day, I read a great illustrartion of how some owners either fail to comprehend the financial repercussions of simply walking away from their mortgage obligations- or in worse instances do understand and simply don't care. Today, I'd like to address the impact that an owner's forec...
Home warranty or no home warranty? Good question.
Tuesday, April 19
In my property management business, I deal with a number of investors that have bought and sold properties for a long time- as well as homeowners that have leased their homes for a number of years and are well-versed in just about every facet of landlord-ship. A vast majority of owners, tho...
Craigslist housing scam- story/transcript/video
Tuesday, April 19
Many have spoken of issues with the "Nigerian craigslist scams" and how they affect folks in a multitude of ways. I was first hit by those folks just over 2 years ago, and I've been hit a few times since. When I was hit, I contacted one of my local news stations, WKMG, and was fortunate to...
Why is this a FSBO?
Tuesday, April 19
"Why is this a FSBO?"...or "Why is this a FRBO?" You've undoubtedly asked yourself that question before- as you've perused the real estate section of the local paper, as you've sifted through endless craigslist ads, or as you've read that hand-made sign on the street corner and also tried t...
What's an offer? It depends.
Tuesday, April 19
What is an offer? Such a simple question- but one that seems to have a number of different answers. So which one is correct? The answer may well be "It depends".In managing a number of properties over the years, I've given the pitiful-sounding "it depends" answer more times than I'll ever be a...
Are you afraid of the shadows?
Tuesday, April 19
Over the last few years, much has been written about the "shadow inventory"- are you afraid? I can't say that I'm afraid of them, but as with the Bboogeyman that could've lived under my bed, a little bit of keen awareness and vigilance should help. Let's go through our boogeyman vs. shado...