"Go to where the money is." (Business Axiom) According to an article in Barron's this month, the future of the real estate market is in rentals for the next five years. Most real estate agents are hoping this news is akin to the Bush White House claiming the existence of Iraqi weapons of ma
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08/14/2010
I was talking to a prospective Charlotte property management client the other day and he had only one criteria he really cared about. He wanted to make sure that we placed a rental tenant into his home that had 700+ credit scores. That was it. I told him I didn't think that was a good idea;
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08/08/2010
As a Charlotte property manager, we work with many clients who are looking to rent-to-own a home. As the banks continue their non-lending ways, this group of clients continues to grow. To find homes for them, we look through many sources. Homes listed for rent-to-own (aka lease option or le
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07/27/2010
Writing a blog every week is hard! My hats are off to the people who write multiple times a week, and especially to those that do it every day- kudos! My thoughts haven't changed in the past year on the near future of short-term residential real estate (next 1-2 years). Rent-to-own and rent
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07/17/2010
A lot of banks don't like Burger King. Why do I say that? It's simply because they don't want to allow you to "Have it Your Way." I'm obviously a fan of rent-to-own. It's sort of a nice change from the rigid rules that mortgage underwriters make clients go through. For example, banks have
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07/11/2010
The following two descriptions are about the same $99.00 special on a hotel suite on the Gulf of Mexico: Come to our wonderful beach hotel on the Gulf of Mexico (get a suite at a discounted rate!). Yes, there is oil washing up on the beach and don't think about eating the seafood. Please
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07/07/2010
Every property owner I've ever met (including yours truly) wants to charge the highest rent possible. Every tenant wants to pay as little rent as possible. Sorry, there is no huge revelation here. This is pretty much the way any market works. The girl who sells cans of peas wants you to b
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06/24/2010
Wow! Only one? As a Charlotte property manager, we have potential customers contacting us everyday about managing their rental homes. Their questions typically boil down to two: How much can my house rent for? How fast will it take to fill with a tenant? These two questions are not mutua
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06/19/2010
Realtors everywhere are breathing a sigh of relief with the upswing in home sales in April and May. Things seem to be picking up a little, they have some money in their pockets, and there appears to be a light at the end of (what has been) a very dark and long tunnel of diminished sales activit
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06/12/2010
3. The skills needed for selling a home have (and will continue) to trend to more of a solution-based, "cash now, sell later" approach; outright sales are becoming scarcer as there are less qualified buyers available in the market Consumers are having a more difficult time selling their homes.
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05/31/2010
