HomeRentalStore.com Blog

Foreclosure…Not So Bad?

admin — Tue, 09 Mar 2010 12:28:02 +0000

Some experts predict that down the road lenders will exercise greater leniency when it comes to borrows who defaulted on their mortgage. The most important factor for lenders will be in determining whether or not the borrower can meet his or her financial obligation the second time around. Avoiding a foreclosure is still the preferred course of action but at least it may appear that there could be a small light at the end of the tunnel for a second chance at home ownership.

Remodel Your Kitchen For The Best Return on Investment!

acscfl — Tue, 09 Mar 2010 00:30:16 +0000

To gain the greatest return on your money, without adding additional square footage to your home, consider remodeling your kitchen. Whether investing in a short-sale, foreclosure or new home, remodelling the kitchen makes the most sense. On average a Kitchen Remodel will yield an ROI of 80-100%! This is an amazing rate of return on any investment, but the added bonus is that as a homeowner you get to enjoy the benefits of your Kitchen Remodel until you sell your home.

Applied Contracting Services, Inc.

www.acscfl.com

State Farm to stay in Florida

admin — Tue, 22 Dec 2009 16:13:15 +0000

State Farm will be staying in the Florida home owners insurance market. However, they have been authorized to raise home owner rates 14.8% and will be dropping 125,000 policy owners. Read More… http://property-casualty.com/News/2009/12/Pages/State-Farm-To-Stay-In-Fla-Home-Market-Will-Cut-125000-Policies-.aspx

Home Staging Tips

smithjd — Wed, 18 Nov 2009 14:51:52 +0000

One thing to remember when staging a home is to remove all clutter. Make your rooms look bigger by using only functional pieces of furniture. Arrange the furniture so the room is open. Bathrooms and Kitchens can be a deal breaker so make sure they are sparkling clean and updated if needed.

Jennifer Smith Interiors

3635 Goldenwood Lane

Oviedo, FL 32766

407-920-0021

September 2009 unemployment at 9.8%

admin — Tue, 03 Nov 2009 02:10:56 +0000

U.S. unemployment rate for September 2009 was 9.8 percent. Thirty-six percent have been unemployed 6 months or longer. October 2009 numbers are due out this Friday, November 6th. Of course these numbers affect the real estate sales and rental markets in Florida and nationally. To learn the latest trends as reflected by the key economic indicators and how they may impact your real estate business, please visit the U.S. Department of Labor’s labor statistics site at www.bls.gov.

Good Investments in Bad Times

leyvi01 — Fri, 23 Oct 2009 20:47:39 +0000

Good Investments In Bad Times

Many people overlook the obvious - but savvy investors recognize that manufactured home communities are blue chip investments. Unlike many businesses that have fluctuating incomes, retirement manufactured home communities have nearly recession proof incomes.

Know Your Market

The key is always knowing your market. Florida retirees are a savvy bunch. The are depression era children and they know how to save, and the understand value. Retirement manufactured home communities offer great “lifestyle” values. Sometimes referred to as “mobilehome parks” or parks offer a cohesive community with an activity magnet - the clubhouse. Most parks have a social fabric that binds people together much tighter than a typical residential development. These are key factors to the economic durability of this type of investment.

Knowledge Has Value

Like a beautifully cut many faceted diamond, manufactured home communities have a myriad of facts that an investor needs to know when they commit the resources necessary for a park acquisition. Amicorp Properties and Brokers has three generations of park construction, marketing and management of manufactured home communities. Check out Amicorp.us for more information or talk to Leyvi Titcomb at 305-587-0640.

How Much Home Can You Afford?

admin — Mon, 19 Oct 2009 18:38:10 +0000

With the tightening of loan requirements from lenders, one major change has been that of decreasing LTV amounts. (Loan to value). When meeting with a Realtor (or prior to), it’s recommended that you speak with a Mortgage Consultant and get pre-qualified for a mortgage. This will give you the opportunity to better understand your price range and will help you in narrowing your search.

Shaun K. Rowell, Sr. Mortgage ConsultantCentral Florida
American Mortgage Loan Services, L.L.C -FL
860 N SR 434, Suite 1005
Altamonte Springs, Florida 32714
Phone (407) 331-4700 Facsimile (407) 331-4701

Maintenance! Who is Responsible?

admin — Wed, 14 Oct 2009 01:29:40 +0000

Perhaps the question I get asked the most from landlords is “who is responsible for repairs and maintenance, the Landlord or the Tenant?” The answer to this question is that both the landlord and the tenant could be responsible. Let me explain what I mean by “could be”… read more

Marketing Your Rental Homes

admin — Fri, 09 Oct 2009 02:05:59 +0000

When it comes to rental real estate, marketing a rental home, screening and selecting tenants and managing rental properties should usually be left up to a professional property manager or a property management company. However, there are those of you real estate investors out there who, like me, enjoy being intimately involved in every aspect of your rental properties. Like many of you, I have personally managed my portfolio of rental properties for several years now. The three biggest challenges I have come across have been properly marketing my rental homes, selecting the right tenants and managing the landlord-tenant relationships. In this three-part, three-month series, I will examine each of the three challenges and share some tips and advice to help you survive tenant turnover and manage your rental homes effectively… This month’s article focuses on the four main objectives to consider in successfully marketing your rental homes. Read More…