The real estate market is really the story of two markets. Well presented homes in desirable areas are doing well. By their performance, you would not even know we are in a recession. Then there are those homes that need a little work, or are not in the best area, these homes are not selling at prices as high as the owners would like. Now, more than ever, it is so important to show your property in its best light. You should be considering home staging. In this buyers market, you need every advantage you can get.
Credit is getting tighter, and there are fears of inflation, so do not expect interest rates to drop significantly. If you are an inventor, a money saving device is what is needed to help us out of this stagnant economy. One way I am helping property investors save money, is with my property management services. You will be able to take advantage of Coldwell Banker’s discounts at various suppliers. I can get you better mortgage rates than those you could negotiate on your own. When it comes time to lease your property, you will get the same market exposure from me as if your property was for sale.
A large pitfall to leasing property is leasing to bad tenants, those who do not pay, and also more than you realize, there are tenants who will use your property as a grow-op. When you do leasing all the time, its easier to see the red flags of a bad tenant. If you only interview once every few years, I am not so sure you would be able to spot the warning signs. All our activities together will be compliant with all legislation, and if a problem arises, we have the back-up documents to support our case. People who manage their own properties often lose money when they should not simply because they did not keep the right records, and that is a real shame.
