Showing posts with label Rental properties. Show all posts
Showing posts with label Rental properties. Show all posts

Saturday, September 24, 2011

Are You Sitting on the Fence, wondering if you should buy!

Are you "sitting on the fence" wondering, and trying to decide whether or not if it's the right time to buy a home? With the changes in the economy, as well as the Real Estate market, it's no wonder so many people aren't hopping off just yet. You turn on the television and here prices are going lower, a double dip they call it, so you just sit wondering if it is time to buy. It seems like a never ending downward spiral. You talk with friends, Realtors and even know people who are buying everything they can get there hands on..and you sit! and sit on that fence..Someone says DONT buy prices are going lower and someone else says I just closed my 3rd home..
Every investor is different..Some investor are looking to fix and flip..some fix and flippers are looking to make 25%-35% return and some are happy to walk with 5-10-15K.. Some investor are looking for that vacation home and are very happy to just rent it out for a few years and JUST have the mortgage paid for before retirement for a few yrs. Some investor are buying and holding, looking for rental returns from 6-8-10 and 15% on monthly rents.. Some buy at auction and flip right out of auction. Some investors want a A+ property doing nothing to do to the property(move in and ready to go) and some want a fixer that needs the works. WHAT ARE YOU THINKING? and WHERE DO YOU want to GO?
WHAT a MESS and WHAT to DO!! If you are swirling in that big pool of buyers wondering if you should buy a house, give me a call and lets discuss your options and see where your goals are..
Purchasing real estate is not all about price, it's about timing, understand the market, knowing the neighborhood, creative thinking (outside the box) and knowing how to negotiation to create a win-win situation. How well can your agent negotiate on your behalf?

Thinking out of the box...That's what it takes today to land a home. If you want to work with a realtor that know how to get the home and close the deal call Linda 602-391-8246


Should you be sitting on cash right NOW!!!

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Saturday, February 5, 2011

For Rent: 3BR/2+1BA Single Family House in Goodyear, AZ, $1,400/month Palm Valley -POOL

13630 W. Desert Flower Dr, Goodyear, AZ Linda Wieczorek AZhomes4u@gmail.com



This Is It! Gorgeous Remodel Including New Granite Counter, POOL & Golf Course VIEW. Palm Valley- Now this is a Rental





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Wednesday, November 11, 2009

10874 W. Edgemont, Avondale, AZ Send to Friend 3/2 W/ POOL - Just in time for CHRISTMAS!! FAMILY HOME for RENT

Home is located on a quiet cul-d-sac in popular Upland Park - very close to all the freeway connections I10 & 101 Loop. be in your HOME for Christmas and Relax this summer in your sparkling pool. Low maintenance yard , front and back, *Pool Service Included*gives you more time to play in your pool. Custom desert colors throughout and large 18' tile in all the right places. Bedrooms have carpet. Oversized master bedroom with sitting area. Kitchen has island and large pantry. Dont forget to Bring the DOG! Please call Linda to view 602-391-8246 Avail 12/09/2009 ..
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Friday, October 16, 2009

Want to be a landlord? Here are some points to consider.



Pointers To Consider As A Real Estate Investor

When researching the income potential on a piece of property, here are a few things to consider.
You should:
  • Be comfortable with your financing strategies. The bottom line here is whether you can afford to take on a significant investment that can potentially occupy a lot of your time and money.
  • Talk to other property owners and pick their brains. Find out what it’s like to be a landlord by talking with other rental property owners of similar properties to get several perspectives on the realities of the business.
  • Check sales comparisons. Determine going rates for similar properties and what gets covered in the pricing of rental units for sale.
  • Consider the possibility that not all units will be rented immediately, leaving you with a lower amount of income in the first few months.
  • Know what your basic expenses are going to be: start out by tallying up the amount of your monthly mortgage payment as well as the cost of your property taxes. Property taxes that are paid yearly can be divided by 12 to get a monthly tax figure.
  • Check into the cost of insurance for your property and what the policy will cover on the rental property. Estimate the cost of the premium in monthly increments.
  • Consider what the rental price will cover for your tenants. Some landlords opt to pay for some utilities such as sewage, water, and heat while others choose to pay for nothing extra. There are pluses and minuses to each decision, especially if you choose to pay some of the bills. Be prepared for tenants who may take advantage of the “free” services and utilities that you offer and consider these factors when calculating your potential costs.
  • Account for the cost of advertising and marketing the property to potential renters. If you plan on requiring credit checks or other requirements for prospective tenants, make sure you know what costs will be incurred.
  • Look into hiring a property manager if you’re unable to dedicate much time on your rental units. Being a landlord will require a time commitment and depending on your level of experience as a landlord or on the number of units you own, it may be a challenge to perform the work of a property manager if you are not a full-time investor. If the work and effort is something you can’t muster, you may want to outsource some of the real estate management tasks involved.
  • Estimate the amount of money that will be spent annually on maintenance and repairs. To achieve a ballpark figure for a monthly amount, take the amount equal to 1% of the value of the property and divide it by the number 12 to get a figure for the cost of monthly cleaning, maintenance, and repairs.
  • In addition to the repair costs, take into consideration other requests from tenants for replacements of items like window screens, faucets, door locks, along with other reasonable requests.
  • Remember to ask for, and hold on to security money given to you by tenants. Have this money available in the event that a tenant requires a refund of the deposit, or in the event that a unit needs repair work after a lease expires.
  • Carefully weigh your expected income against the expenses you’ll incur as a landlord. Consider the pros and cons of the “land lording equation.” Once you’ve estimated the figures for both income and expenses from a given property, you’ll need to subtract the expense total from the monthly income that you anticipate in order to calculate the cash flow of your rental property. If the cash flow you’ve calculated is positive, you’re one step closer to ascertaining that the profit is well worth the investment.
If you’re considering the possibility of investing in rental property, you’ll need to do quite a bit of research and preparation. Not everyone is suited to be a landlord, and if you’re not careful, your rental property investment could lead to larger financial concerns. If your rental property does not produce a positive cash flow, you could essentially go broke by attempting to become a landlord.
As mentioned, one basic element you’ll need to consider with rental properties is the concept of cash flow. Simply put, cash flow is defined as the amount of money made on a piece of property versus the amount of money you must expend on the property. If after you’ve collected all of the rent and paid all of your property-related bills you find that you’ve still got money left over, well then you’ve got a positive cash flow situation. On the other hand, if you’re unable to meet your housing expenses with the current income you’re generating from your rental real estate, then you may just be in a pickle as you’ve got a negative cash flow. This situation is particularly unfavorable if it lasts a while, as it could chip at your personal finances over time and make saving money nearly impossible.


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