Basics of Property Management: Screening Potential Tenants
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3 Tips For Selling Your Commercial Property
If your business is looking to relocate, you might be looking to sell your current office site. The commercial real estate market can be slow at times, so it's important to do everything possible to increase your chances of finding a buyer quickly. Here are a few tips to help you get started. Find a Commercial Real Estate Agent First things first, it's time to find a real estate agent and, in your case, you'll want to find someone who specializes in commercial transactions like yours.
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Tips To Buy A Home With The Help Of A Real Estate Agent
The time is drawing near for you to be able to purchase a home, especially with the low-interest rates available on 30-year mortgages, helping your spending dollar to stretch further. Here are some recommendations to help you work with your real estate agent while you shop for a home to buy. Follow Your Budget When you first start out looking at homes to purchase with the help of your real estate agent, be sure you find out your spending budget first.
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The Distinct Advantages of Renting a Townhome Instead of an Apartment
Townhomes are popular rental choices for people who can afford them. Because of the size and multi-story design, the living environment feels more like a house than most apartments do. Having bedrooms away from the main living area is advantageous for many renters. In addition, this is a welcome choice for couples who are ready to start a family but do not want to buy a house. Read on to learn about more advantages of moving into a townhome.
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3 Tips For Purchasing A HUD Home
The HUD housing program is a program that is run by the U.S. Department of Housing and Urban Development. If you find a HUD home on the market, the government owns the home due to the foreclosure on an FHA loan. These homes are usually sold at a great discount and require a slightly different approach to buying. Be Ready to Make a Quick Move A HUD home is usually priced below or at market value.
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4 Things That Will Make Buying Your First Home Easier
If you are ready to stop renting and buy a house, it is important to know what you need to do to make buying your first home easier. Save Up for a Down Payment If you are serious about purchasing a home, you need to start saving up a down payment. Many different programs allow you to put down less than the traditional twenty percent for a home loan. However, placing twenty percent down will allow you to avoid having to carry mortgage insurance on your home loan, which will save you money every month.
For the last several years, I've used a property management firm to help with my rental properties. One of the tasks that they handle for me is screening applicants who would like to move into one of my vacant units. Their expertise has helped me lower my tenant turnover and find people who want to stay with me for years. Part of the process is a tenant screening credit check. Before any further contact takes place, my manager orders credit reports from at least two agencies. That is enough to tell us if an applicant is a good financial risk. Assuming the references work out, I meet the candidate and make the final decision. If you own rental properties, let me tell you more about the benefits of having a property manager. I'm betting you'll find this type of arrangement will work for you too.