Make money as a slumlord

Be a slumlord? Okay, I got your attention, now the truth. I really don't recommend that anyone endanger their renters with unsafe housing. Much of what people call slumlording though, is simply providing reasonable housing for those with low incomes. It is of benefit to the renter AND the landlord. Why Do People Rent Dumps? People rent not-so-nice places because they can afford to. A house that needs paint, has old rusty hinges on the doors, and a dirt driveway - this is a house that cost less to buy, and therefore can be rented for less. Anything major that the landlord does to improve it will result in higher rents, and possibly drive the renter away. In fact, this often happens. A few years ago my own town enacted its first rental regulations. The fifteen pages of new rules included many non-safety-related requirements, like a minimum of windows, to allow natural lighting, bedroom square-footage requirements, and no peeling paint. These things are done in the name of low income renters, and yet the result is always the same: higher rent. With that and the regulations against mobiles homes, low income families are moving further away from town and jobs. I mention all this to let you know that if you offer an ugly, but safe and affordable rental, you are providing a real service. Why Invest In Low Income Housing? If a nice two bedroom house in a small town costs $130,000 and rents for $800, an old mobile home on a lot will probably cost $45,000 and rent for $500. Notice that the house costs almost three times as much, but the rent you get isn't even doubled. This means the mobile gives you MORE CASH FLOW. That is why old houses and mobile homes (on land) are such good investments. It's important to note that you'll have more risk and management problems with low income housing. Repairs come up more often, and rent will be late more often, on average. This is why you deserve a higher rate of return. Otherwise, who would want to provide low-cost rentals? Treat your renters well, and make your places safe. Do these things, and you can enjoy a good return on your investment - even if some want to call you a slumlord.

Advertising rental property

: There are many different ways a landlord can advertise his / her rentals property. The kind of advertising that works best depends on numerous factors that include property characteristics, location, landlord’s budget, and whether he / she is in a hurry to rent. There are many combinations of advertising methods landlords and property managers use to achieve the best results, some of which are as under. 1. ‘For Rent’ Signs The most common method of advertising is the putting up of a ‘For Rent’ sign, either in front of the building, or in one of the windows. A relatively cost-free method, it works best if a lot of foot and motor traffic goes past the building. It also helps if the building is as attractive as the rental unit. 2. Advertising in the Newspapers As much of a tradition as ‘For Rent’ signs, newspaper ads are also available online, if the paper has an online version. Many potential tenants begin their search for a place to rent by scanning the classified ads in newspapers, while, out-of-towners can log on online to the local paper from wherever they are. Ads should always be placed in papers having many residential listings, as it has been found they work best. And, they should be targeted to produce the right kind of prospective tenants i. e. if a landlord primarily rents out to college students, the best bet is to advertise in the campus newspaper or put up a ‘For Rent’ sign in the housing office. To play it safe, it is also a good idea to list the rental in a general newspaper, as well. 3. Neighborhood Flyers As well, a landlord can post ads on neighbor hood public bulletin boards to be found at grocery stores, Laundromats or coffeehouses, complete with tear-off strips listing their phone number. However, if the property is upscale, this is not the best way to advertise for it, though there might be takers at the high-end gym down the street. 4. Listing Online Online rental services have mushroomed like crazy in recent years, from national in scope, to regional. After finding a residential rental listing for your area, you can add your property to it. 5. Home Or Apartment Finding Services Home or apartment-finding services are very popular in some areas, with landlords paying to list their properties, though sometimes it is the tenants themselves, who pay the fee when the unit is rented. 6. Spreading the Word Small-time landlords instead of advertising widely and screening potential tenants, find it easier to market their rentals through word-of-mouth i. e. telling friends, colleagues, neighbours, and current tenants. After all, people already living on your property will invite decent neighbours. So, when a property becomes vacant, simply send a note around to every one, asking them to tell friends or relatives about the available apartment. 7. Real Estate Offices Many real estate offices handle rentals, but of course, there is a fee involved. 8. Property Management Firms Going through a property management firm is the easiest way to do it. They handle advertising, showing tenants around, as well as, selecting tenants, collecting rents, and interacting with residents during tenancies (handling repairs, etc. etc.). A paid service, it is for landlords with large rental properties and no time to spare. Next Steps Once, the advertising has been done, the next step is to create a rental application and select a tenant. When advertising vacancies and selecting and rejecting applicants, read up on the Fair Housing Act, so as to avoid any inadvertent lawsuits. Evaluate prospective tenants by thoroughly checking out their rental applications, legal residency forms, and tenant consent forms for contacting references, performing credit checks and criminal and background checks. The only way to avoid unnecessary litigation is by screening prospective tenants and conducting background checks. Simply visit e-renter for tenant screening and background check services.

Realty times are back after land scams

: Land Scams gave Realty a bad time but its good to see now that Sussex Farmland and Farmland near Slough are reviving from Kent Land Scams, Sussex Land Scams and London Land Scams. Groombridge Land, the worst hit area of the UK has now started saving its historical buildings, gardens and protected land from Scamsters. There was a time when historical buildings, protected land and gardens were being sold by scamsters in Groombridge Land and there was no one to raise a finger, but after fruitful efforts led by NGOs and local people Groombridge land has got rid of scamsters. Sussex Farmlands were the next target of the scamsters who bought the irrigated land for low prices and sold them to investors in high prices in wake of highest returns.

The investors were only left with a piece of land where they could do farming only and not build anything. Farmlands near Slough guaranteed higher returns than any other property investments owing to its nearness to the city area. Although some parts of the region got permission to build houses but most investors didn't get more than a small farmland that didn't deserve farming.

The scamsters operated from a broiler room, where from they trapped most of the people they called up and were successful to make huge sums of money. Now, people have arose to a level where they can fight with every type of a scam or a scamsters, this is the reason UK has been able to forget Kent Land Scams, Sussex Land Scams and London Land Scams.

Fsbo open houses what if you get an offer

You've decided to sell your home yourself and decide to have an open house to show off the property. Potential buyers come and you get an offer. What now? Qualifying Buyers Your home is looking sharp and you've got the word out telling people about the open house. Now you need to be prepared to take action if a qualified buyer attends, likes your home and wants to buy it. Most qualified buyers will have a strong lender letter. If one of them wants to buy, you can move on to the next step. There may be people who come to your open house who would like to buy but don't yet have a lender letter. Let me suggest a mutually helpful alliance for dealing with that situation. Call several lenders before you schedule your open house. Tell them you're planning an open house and you'd like to have a lender on hand to help buyers (even if they don't want to buy your home) figure out what they can afford. Tell them you'd also like them to help you evaluate any lender letter you're offered by a potential buyer. Choose the lender you feel most comfortable with and work out a mutually acceptable date for your open house. You can introduce all attendees at your open house to the lender. This often proves to be helpful to you, some of the buyers who attend and can be a source of additional loans for the lender. Everybody wins. Be Prepared for Action You need to know how you want to handle a contract should someone want to make an offer. Do you have an attorney who will draw it? Are you going to suggest using a contract form? If so, have one on hand. Do you have a specific settlement company you'd like to use? Do your homework and think these things through in advance. Buyers may have ideas and connections of their own. You should consider any reasonable suggestion a potential buyer makes, but be prepared with your own approach if the buyer isn't sure how to proceed. The point is to plan your course of action in advance. In Closing FSBO sellers often worry whether anyone will attend their open houses. They are then happily surprised when people arrive. Such happiness can turn to embarrassment when an offer is made and the FSBO seller isn't sure how to handle it. If you think positively and prepare, this need not happen to you.

Lancaster atrium preconstruction studio condos for sale

To be completed and ready for turnover from December 2010, the Lancaster Suites Manila Atrium Tower II will provide unit owners with premier residential condo units with option of enrolling their units in the Lancaster Condotel Rental Pool. Great Investment for Fil-Am's whom visit Manila for Vacations or Business as they can earn Rental Incomes [at current purchase levels] of some 12-14% ROI per annum as Owner Non-Residents when not using their units through Condotel Management and reciprocal arrangement with Lancaster Cebu Resort Residences. This makes Lancaster Suites one of the Hottest Investment Opportunities in the Philippines. Units at the Lancaster Suites have basic kitchen facilities. The standard unit price [Option 2 – Semi Fitted Suites] provides for the suite to be semi-finished but not fully furnished or fitted. Included in the current standard basic price for the ‘Semi-Fitted’ units are the interior finishing’s such as tiled & fitted bathrooms, bedrooms with simulated wood plank flooring, semi-fitted living and dining area tiled floorings and lower kitchen cabinets/work tops installed. Ceilings and walls are painted cement finish. Units are also available on a Bare Unfinished basis [Option 1 – Bare Unfinished Units] for clients intending to fit-out their own suites or avail of the Condotel completion at a later date. A complete Condotel Suite optional extra interior fit-out package including unit fixtures and fittings, furniture’s, furnishings, light fittings and fixtures and appliances including air-conditioning will be available towards the time the units are closer to being completed towards the latter part of 2010. Monthly condo dues are currently around 80 pesos/square meter of the unit floor area/month. Executive Studio Deluxe Suites [Option 2 - Semi Fitted Suites] Price Effective: May 25, 2007. Prices Quoted in Philippine Pesos [PHP] Lancaster Atrium Tower A Executive Deluxe Studio Suites. Average Floor Area 32.50 square meters [350sqft] at - Php-75,888.00/sqm. - Php-2,466,360.00. These units are either facing towards Ortigas Center overlooking Pasig towards Laguna de Bay and Antipolo or overlooking Mandaluyong, Makati and towards Manila Bay or Swimming Pool Deck. All units within the Lancaster Suites Manila Atrium. The Current Offer for a Studio Suite provides that it may be purchased with Reservation - Php-25,000.00 and Balance Payable without interest over 72 consecutive equal monthly payments of - Php-33,907.78. Alternatively Save - Php-146,481.92 by making Reservation - Php-25,000.00 then within 30 days a 30% Net Discounted Down Payment of - Php-585,926.40 and Balance payable without interest over 72 consecutive equal monthly payments of - Php-23,735.44. Lancaster Atrium Executive Deluxe Studio Suites are also available on affordable and competitive New Payment Plan that provides for Executive Suites to be purchased on a No Interest No Down Payment basis with 67% of the payment payable over 60 equal consecutive monthly installments without interest and the 33% balance of the contract price payable upon turnover of the unit or to be paid over an additional 5 years from turnover through our hassle free no prequalification "In-House" Finance Plans... Pay - Php-25,000.00 Reservation for a 32.50sqm [350sqft Executive Studio [Contract Price - Php-2,466,360.00] then 60 consecutive monthly payments of - Php-27,261.85 with the balance of - Php-805,648.80 either payable in cash on turnover or to be financed over another 60 months payment plan..... Cash Payment option, take 20% discount [Save - Php-493,272.00] make Reservation [-Php-25,000.00] and within 30 days pay 90% [-Php-1,753,279.20] the remaining 10% [-Php-194,808.80] on unit turnover from December 2010 Lancaster Atrium Semi Fitted Studio Suites may now be Purchased on 12 Year Payment Plan Options The New Twelve [12] Year Payment Plan provides for Executive Studio [Semi Fitted] Suites to be purchased with a Reservation of only - Pph-25,000.00 for a 32.50sqm [350sqft] Studio [Contract Price - Pph-2,466,360.00] then 48 consecutive monthly payments of only - Pph-17,801.58 [No Interest for the first 4 years]. During the first 4 years there is an Annual Lump Sum payable on the anniversary of the reservation date of - Pph-91,551.00 and thereafter continue the 96 consecutive monthly payments of - Pph-24,075.73 to complete the balance of the purchase price. All Lancaster [Semi-Fitted Option 2] Residential Suites Unit Features Include: * Vitrified ceramic tiles in living, dining areas * Ceramic tiles in kitchen and toilet and bath * Toilets with mechanical ventilation * Plastered cement walls and ceilings’ with painted finishes * Provisions for split type air-conditioners For a Copy of the Lancaster Suites Slide Show Presentation... Copy and paste the following URL directly into your Web Browser lancastersuites/lancastersuites-gallery/index. php For further info please do not hesitate to contact us: Beth Collingz PLC International Marketing Networks