Charlotte Property Management Weekly: Importance of Getting Paid from Rentals in the Next 5 Years
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 mass destruction (WMD); hopefully, it is just another example of faulty American intelligence.
Learn MoreCharlotte Property Management Weekly: 700+ Credit Score Tenants Not the Best Option for your Rental Home?
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; it would reject a lot of better suited applicants. He told me I was crazy (in so many words).
Learn MoreCharlotte Property Management Weekly: Wouldn’t You Want the Market to Know Your Rental is For Sale?
However, in an increasingly illiquid market, most wanna-be sellers are turning to the rental market to decrease the short-term pain of monthly payments on their vacant homes. What they really want to do is sell (and not of the short variety).
Learn MoreCharlotte Property Management Weekly: 52 Consecutive Weeks of Writing- Some Random Thoughts on the Real Estate Industry
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!
Learn MoreCharlotte Property Management Weekly: Rent-To-Own- Just like Burger King for Buyers and Sellers
A lot of banks don’t like Burger King. Why do I say that? It’s simply because they don’t want you to “Have it Your Way.”
Learn MoreCharlotte Property Management Weekly: The Only Property Management Question You Need
Here’s the logic: if you put the average Charlotte house up for rent for $100, we could have someone locked up today to rent it. Conversely, if you put your house up for rent for $10K today, it would take us years to fill with a tenant (if ever).
The equation is:
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