When you’re dealing with rental property, perhaps the better question is “what won’t go wrong?” The fact of the matter is, there are lots of things to look out for as a residential landlord, from the initial screening process of prospective tenants, to getting rid of the tenant who just won’t pay the rent. With laws constantly changing, it can be hard to keep track of your rights and responsibilities as a landlord and the legal procedures you must adhere to.
Knowing that I could have the freedom to go where ever I want when ever I want while earning money doing it was enough of a reason for me to love real estate. All this without a boss breathing down ur neck and throw in the other little benefits I think I found my new full time job!
The big picture of the City Garden market is that it goes up and down in cycles. It has been in an up cycle for 10 years and it is most likely time for it to face it’s down cycle.
Because of the high front-end load expense to the consumer, the only people who will be long-term successful in an Aussie 2-up are very hard-driving, hard-closing sales people. Why? Because the average MLM rep recruits 2.7 people to a business. If you’re sending 2 of them to your upline, then your future isn’t very good.
A report released last week from the National Association of Realtors showed that in the last three months of 2006 home sales fell in 40 states and median home prices dropped in nearly half of the metropolitan areas surveyed. The median price of a previously owned, single family home fell in 73 of the 149 metropolitan areas surveyed in the 4th quarter.
OYou can expect that you will be more highly tuned in to your intuition and “gut feelings.” If your “gut feeling” says, “No” then you will listen to that rather than your “mind”, which doesn’t always tell the truth.
Being a landlord can be almost like playing Russian roulette. But there are things a wise landlord can do to give himself or herself the best chance possible of having a good experience, and hopefully making some money while at it. Unlike most things in life, common sense will not necessarily lead a landlord to the proper conclusions about how to handle a situation. Having a knowledgeable attorney assist you along the way can help you save time, money, and lots of frustration.