Realtors Tag

Charlotte Property Management Weekly: What’s the Difference Between “Rent-To-Own” and “Rent-To-Sell”?

Another popular question I hear from prospective clients is:

PC: “What’s the difference between rent-to-own and rent-to-sell?”

Us: “There is none!”

Charlotte Property Management Weekly: Better to Rent or List Your Home for Sale? 3 Question Litmus Test

This seems to be a FAQ these days. As a property manager in Charlotte, we get many calls from people asking themselves this question.

I didn’t think there was a one-size-fits-all answer to this, but I was corrected. It just seems to come down to who you ask.

Charlotte Property Management Weekly: Top 6 Miscellaneous Tips for Rent-To-Own Deals

5. What about the much publicized “higher rental rates” you hear about that rent-to-own arrangements command? I don’t see evidence of this. Does this ever happen? Sure. Does it happen often in competitive markets? No. As an example, try to list your rental home for $200 above market rate as a “rent-to-own” and see what your response rate is. There are plenty of rent-to-own opportunities at market rate rent (or below).

Charlotte Property Management Weekly: Signs of the Times: Layaway and Rent-To-Own Are Back!

If you owe the bank $100, that’s your problem. If you owe the bank $100 million, that’s the bank’s problem.
(J. Paul Getty)

This can easily be reworded to fit today’s real estate market:

“If you can’t get financing to buy a house, that’s your problem. If millions of people can’t get financed, that’s the home seller’s (and their real estate agent’s!) problem.” (Brett Furniss)

Charlotte Property Management Weekly: It’s All About the Narrative: The Key to Maximizing Your Rent-To-Own Client’s Value

“I can’t sell this couple on anyone. If their financial history was made into a movie, it would be in the “Horror” section. Well, the “Drama” section would fit, too. And with eight kids, it could probably be get into the “Adult Content” section as well… (Charlotte Realtor bemoaning the plight of their rent-to-own client with less than stellar credentials)

Charlotte Property Management Weekly: “Terms” of Endearment- The Key to Selling Real Estate Buyers

If you were offered both of these jobs, which one would you take?

Job #1: $80K annually
Job #2: $30K annually

Duh, the $80K one.

Now let’s look at the job descriptions:

Charlotte Property Management Weekly: Former BOA CEO Ken Lewis Teaches Real Estate Investing

Ken Lewis is the man. You might have read and heard things in the news during the past year saying he is not the man, but they were all wrong. He’s got an unbelievable instinct for investing creatively. And he’s got the guts to execute.

If you live in Charlotte, you must heart Big Ken; it’s required. He built the entire town, kept the headquarters here as he grew Bank of America (BOA), and made sure his bank was actively involved in the community.

Charlotte Property Management Weekly: Innovate Quickly or Die! In Real Estate?

“Financial Crisis
Stalled too many customers
CEO no more”
(Haiku twitter message posted by just fired CEO of Sun Microsystems, Jonathan Schwartz, 2/4/10)

Charlotte Property Management Weekly: Santa Claus, Unicorns, & Risk Free Transactions (Or “How to Risk Manage Yourself Out of a Living”)

“I can’t do lease options. They are way too risky!” (Concerned Charlotte Realtor)

“That’s why it’s a short cut. If it was easy, it would just be the way.” (Paulo Costanzo in Road Trip)

Charlotte Property Management Weekly: Getting Paid- A Growing Problem for Everyone! (Except Realtors & Clients Doing Lease Options)

The biggest symptom of our current economic problems is that people don’t have the money to pay their bills. Think about it. Why is the FHA in trouble? It’s because the home owners they lent to couldn’t pay. Why did the banks need to get bailed out? It’s because the clients they lent to couldn’t pay. Why are many businesses going under? It’s because their customers are businesses that are going under (because they didn’t get paid).