Search
Recommended Sites
Related Links






   

Informative Articles

Buying & Selling Real Estate Notes
Are you confused about what real estate notes are and if they should be something that's in your portfolio? Simply put, a real estate note is a promise to pay back a loan. Real estate notes are the loan documents that are created when you finance...

How to Create a Simple Real Estate Business Plan
Becoming a full time property rehabber is actually a very easy process. So why do so many investors get it wrong, or even worse, do nothing? Simple: NO BUSINESS PLAN! Make no mistake about it: This is a business!. If you invest time and...

Montecito Real Estate from here to there....
So, where is Montecito Real Estate??? Well as with the rest of Santa Barbara Real Estate the area is south facing to the ocean. So starting on the East it begins in Toro Canyon about Foothill. Then it continues up Toro Canyon and goes West along...

Real Estate Investor Banned From Renting His Property?
Do you realize that you might be prevented from renting your investment home? Prohibiting property owners from leasing their properties is a trend that is growing increasingly popular with some developers and many Homeowners' Associations (HOA). ...

Real Estate Marketing Online: How to Capture Leads with Website Downloads
Here's one I hear a lot. "I need a real estate marketing website that will generate leads for me." To which I usually respond, "Who doesn't want a website like that?" I'd pay a hefty premium for a marketing website that...

 
Investment Real Estate - Time to Unload

1.Tenants - Good and bad can cause problems for a seller. Tenants like to talk whether or not they have any idea of what they are talking about. Tenants have killed deals and have misled buyers to wrong conclusions. Your tenants are afraid of change, they may not like you or your management company but they feel safe because they know you.

2.Property Managers - On site managers can get in the way especially if they are concerned about their future employment. Your off-site property management companies will be very helpful with the transition to a new owner. If you have been dealing with them honestly they may hope to follow you to your next project.

3.Maintenance Contracts - Have all contracts with your maintenance companies up to date, inspections complete and truthful answers to any deferred maintenance questions. Warranties, replacement and repairs files complete and up to date.

4.Code Enforcement - Problems can occur if you have made improvements to the property without obtaining the proper permits and completed necessary inspections. Additions, electrical upgrades, new baths, new kitchens, decks structural repairs or renovations all may need to be permitted. Going back after the fact is expensive and may result in fines.

5.Banking and Accounting - Prior years tax records, accounting records audited and unaudited, bank statements. The better records you have the easier it is to verify your expenses and prove cash flow. The easier it is for the buyer to confirm the price and get financing.

6.Realtors - Depending on your property you may need a commercial or a residential real estate agent. Don't get them mixed up. With multi family 6 units or more use a commercial agent, single family or 4 units or less use a residential agent. Commercial agents will charge 10% to 12% or more you are paying for their knowledge, expertise and contacts its' well worth the price.



About the author:

Bill Carey offers insights to the buying and selling process of residential real estate for F*R*E*E information and reports see http://www.CharlotteNCExecutiveHomes.com "Insider Real Estate Secrets Revealed" ...a must-read for Home-Owners and Renters! It's a FREE 12-lesson e-course covering more than 20 topics exposing the realities behind buying and selling a home. It Could Make(or Save) You Thousands of Dollars


Sign up for PayPal and start accepting credit card payments instantly.