RECENT BLOG POSTS
Rental market might be going back toward a landlords market with vacancy rates going down in Manhattan. But, with high unemployment the market is still full of uncertainty. It is still a good time for renters to find deals. Upgrade neighborhoods, first month or even two months free. Alexandra Ma...
1 in 4 borrowers are underwater. A moral and legal battle remains in the front of owners minds.Walk away from their contract? Some homeowners are even hoping for foreclosure. Why? This will drop your credit score, old house will go back to the bank, and you are able to buy another similar cheape...
In the last three weeks the number of loans issued have increased due to desirably low interest rates. However, your credit score does matter. With tight restrictions you will typically need a good credit score around 760 to qualify. Alexandra Machado www.HomePointe.com HomePointe Property ...
NARPM's annual convention and trade show will be in Seattle, Washington October 13- 15 2010. If you are attending this years convention you should sign-up to attend the Charity Golf Tournament. This a link to the flyer and signup form. Alexandra Machado www.HomePointe.com HomePoint...
Medium month rent is $2,900 (4th quarter 2009) 2,456 number of rentals (4th quarter 2009) Vacancy rate is 1.79% (4th quarter 2009) Rent Rates continued to decrease in the 4th quarter of 2009. The "deals" created an increase in number of lease signings. The number of rentals have increase 45% s...
Home Sales up 7% in November 2009. Half of home sales from new home buyers thanks to federal tax incentives and low prices. Fed tax credit for new buyers has been extended to April. Alexandra Machado www.HomePointe.com HomePointe Property Management
Over the course of 2009 New York City scattered to offer rental reductions to extend leases. I typically saw $300/monthly rent reductions. The residential rental market is stabilizing in December 2009 along with scaled back concessions. Will there be a more stable market on the horizon for 20...
There is an increase in foreclosures from people with good credit and fixed rate mortgages. Due to unemployment we are seeing homeowners making late payments or going into foreclosure. Most economist say the worst is over for the bad economy while others suspect home prices will continue to fal...
All areas of contact with customers should be carefully analyzed. 1. Website a. User friendly b. Easy to navigate c. Informative (add Frequently asked questions) 2. Phone a. Polite reception b. Voice-mail rings on managers cell phone for fast service 3. ...
In October I attended the NARPM® : National Association of Residential Property Managers 2009 Convention. The convention was held in Orlando, FL. The 2010 convention will be in Seattle, WA. The NARPM convention is a great way for property managers to learn new ideas and network with fellow mana...