Last week we discussed the importance of qualifying your tenant. Now it’s time to move the tenant in which brings to light another important procedure to protect your investment. That is the MOVE-IN INSPECTION. This is a vital step in ensuring that the tenant is held responsible for any damages to the property caused by the [...]
The summer months generally mean more rental activity. That means we are receiving more and more applications from tenants. Thus bringing to mind the question, how do we determine what makes a good prospective tenant and what makes a bad prospective tenant? Tenants are the basic element for a rental home. They are the [...]
“The first impression will either open the door or close it. It’s that important.” -Nicolas Sparks Everything we see and do in our lives can leave a certain impression, or image, in our minds. We meet new people and our minds conceive an image of who this person is. Whether good or bad, these images [...]
Blog Post written by Mike Nelson, President of Excalibur Home Management, LLC According to research performed by Zelman & Assoc. the U.S. is experiencing annual growth in the number of households being created of 1.5 million per year. In a “normal” market we would need to increase the number of homes (apartments, houses, etc.) available [...]
The foreclosure pipeline has never been more crammed, with lenders attempting to push 2.2 million homes through the process as of the end of October, according to a monthly report issued by Lender Processing Services Inc. Foreclosure starts jumped 5.7 percent from September to October, to 232,865, LPS said. But the report also showed significant [...]
It is time to start preparing for freezing temperatures and Excalibur recommends having your property professionally winterized if it is vacant and not yet on the market. Here is a list of items that should be addressed: – Drain all water supply lines and water heater – Put antifreeze (usually a RV type antifreeze) in [...]
Foreclosures are up in August according to several online forecasters. According to ForeclosureRadar.com, “Foreclosure starts jumped significantly, reversing what had been a declining trend over the past several months. Investors bought more properties on the courthouse steps in August than in July everywhere except in Washington.” They go on to state that the primary factor [...]
During the past two years several of our clients have lost property to foreclosure. Often they don’t notify us or consult with us about their circumstances. They just decide one day that they are no longer willing to carry a property with a negative cash flow so they stop making payments. But there may be [...]
Comparing the number of days a rental property sits on the market can tell us alot especially when looking at the “asking rent” for the same time period. The rental market in Cumming is much improved from the same time period in 2010. The average number of days on the market for 3-4 BDR houses in [...]
According to research conducted by Zelman & Assoc., single family detached houses comprise approximately 28% of all rental housing in the US today. Condos and townhomes represent another 6% of the rental housing market. Whether a tenant will choose to live in an apartment or a rental house has more to do with their age and [...]
In many markets across the country it is less expensive to rent a house than it is to buy these days. According to research conducted by Wall Street analysts Zelman & Associates, if one were to purchase a house at the average sales price (approximately $170,983 today) with the minimum down payment, assuming the buyer [...]
It is that time again!!! Time to review “Asking Rents” and ” Days on the Market” statistics for Metro Atlanta and surrounding cities for the first part of 2011. We will compare these statistics to 2010 over the next few weeks. So looking at Metro Atlanta within a 50 mile radius here are the stats: [...]
Written By Mike Nelson We have discussed the topic of Fair Housing before on this blog. One of the most important fair housing concerns as property managers is Disability; specifically, having applicants with pets, any kind of pet, claiming that their pet is a “service animal” and you, therefore, MUST permit the animal to live with the [...]
Common Landlord Question: We’ve Filed Eviction on My Tenant, Now What Happens?
My property manager called me and told me the tenant hasn’t paid...
Don’t Let the Bed Bugs Bite
There are a lot of issues to deal with in a rental...
It is time to start preparing for freezing temperatures and Excalibur recommends...