Five Important Rental Factors

When renting a home, don’t settle for the first place that comes along. A variety of important details should be analyzed prior to signing a lease. By doing this, you can be sure that your new home will be truly comfortable and convenient.

1. Location
Take into consideration the proximity of the rental property to your place of work or to your child’s school. Also, find out about the neighborhood where you may live. Is it safe? Is it situated on a busy road? Is it far from your family and friends? You will want to find a place that meets the needs of all members of your family.

2. Price
Although many beautiful homes are available to rent, make sure that you can really afford the rental property you will live in. Experts recommend that the rent be no more than 30% of your take home salary.

3. Closely Examine the Rental Property
While you may fall in love with a rental property immediately, but stop to consider the amenities in the home. Find out what appliances are included in the rent such as a stove, refrigerator and washing machine. In an apartment, take note of how many walls are shared with other apartments. This will affect how much noise you will hear in the apartment. Also, point out any damage you may notice in the home and find out if these things will be fixed. This way you cannot be blamed for causing the damage when you decide to find a new home later on.

4. Carefully Read the Lease
Before signing, find out how long of a lease is required and how much deposit is necessary before moving into the rental property. Also, find out what services are included, such as internet and trash pickup.

5. Rental Insurance
The final factor to note once in your new place is rental insurance. Taking out rental insurance will protect your personal property in case of theft, fire and other damage.

Know What Your Time Is Worth!

As a luxury real estate marketing professional it is important to constantly improve the way you run your business. Inefficiency in any business is equal to amount of time wasted. In financial terms this is known as return on investment or ROI. First, you have to establish what your hour is worth. Then, keep a diary of all the things you do in a day and note the time you are spending on doing these items. What is your return on the time you spent doing that cycle of action? Could some of these items be delegated to someone else whose hourly rate is considerably less than yours?




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What’s My Home Worth?

If you are like most people, your home represents your single largest investment, both financially and emotionally. The consideration of selling is hard enough but selling it for a price that is significantly below its value is devistating!!!

Before selling your home you wan to be absolutely certain of your houses value. Having an evaluation of your property is highly recommended before listing a price for your home.

Here’s the deal, your home is only worth what someone will pay for it. No mater how much you bought it for, how much you owe, or how much you truly love your home, it is only worth what the market will bear. However knowing the value of your home sets u at an advantage for negotiations. it is better to over price and to be talked down than to sell quickly at a lost!

Short Sales- Best For Second Home Ownership

In today’s economic climate, the media has put a lot of focus on short sales. While the foreclosure process is a fairly well understood practice, the short sale process is not and people are left wondering what they are.

According to realtor.org, a short sale is when a lender agrees to accept a mortgage payoff amount that is less than what is owed to facilitate a sale of the property by a financially distressed owner. The lender forgives the remaining balance of the loan.

Short sales can be a very big hassle, but the up side is getting a property for a substantial discount. However, the process should not be taken on alone. Buyers will need the assistance of an experienced agent who has a good track record with short sales.”

For buyers looking to purchase a second or third property, a short sale may be the perfect match, said the villa rental professional. This type of buyer typically has no move-in deadline, which is best when dealing with short sales, as the process can take anywhere from three to 12 months to close.