The improved market we see today is reflected in this shift of traditional deals dominating over short sales and foreclosures. Although investors are still buying and selling many properties here, the economy's continued recovery is helping Southern Nevada reach a more balanced housing market.
Investor Central
Friday, January 31, 2014
Sign of Recovery: Traditional Home Sales Now Dominate Foreclosures and Short Sale
The improved market we see today is reflected in this shift of traditional deals dominating over short sales and foreclosures. Although investors are still buying and selling many properties here, the economy's continued recovery is helping Southern Nevada reach a more balanced housing market.
Wednesday, January 29, 2014
Dealing with Tenant Objections on Rental Property
Case in point, one of our current residents (Bill), has had a near allergic reaction to actually reviewing his lease agreement. This happens more frequently than you'd think. Residents in single family homes have a significantly larger responsibility to take care of the property than a resident who lives in a multi-family apartment complex. Often, this is something the resident is resistant to understanding so we have to redouble our efforts with those who are "stepping up" from an apartment to a rental home. In apartments, almost everything is done for you. They even come to change your air filters. Not so in single family residential.
In this case, Bill frequently does things that directly run counter to the lease and takes little responsibility for taking care of the home. Most recently he decided that the owner should trim his trees and that it's not "his responsibility". Naturally, the communication from Bill was especially nasty (such is the norm in this job unfortunately). What Bill failed to realize is that the lease agreement specifically and repeatedly states that the resident's job is to maintain the landscaping (yes, including tree trimming). All Bill had to do was read the lease (preferably when he signed it). So again we come to the balance ... by reminding Bill on his obligations and declining to trim the trees for him, we have a tenant who is probably less happy but an owner who is more happy. This is yet another situation where my role as the "in between" benefits the owner. Instead of them having to deal with Bill's nasty emails, they have me to be the person who (gently but professionally) reminds Bill of his obligations.
Despite the challenge of dealing with tenants like Bill, at least he is a good payer on the rent (like 98% of our tenants, by the way). I can deal with a nasty tenant so long as they pay the rent on time and don't abuse the property. Dealing with challenges is my stock and trade.
Tuesday, January 28, 2014
U.S. Home Sales Pause in December, but 2013 Best in Five Years
Read more at the article:
http://www.reviewjournal.com/business/us-home-sales-pause-december-2013-best-five-years
Photo: JEFF SCHEID
Source: REVIEWJOURNAL.com
Friday, January 17, 2014
Henderson Parks Ground Breaking Signals Recovery from Housing Meltdown
Link to the article:
http://www.reviewjournal.com/business/henderson-parks-ground-breaking-signals-recovery-housing-meltdown
Source: REVIEWJOURNAL.com
Thursday, January 9, 2014
Las Vegas Housing Ends 2013 the Way it Started — Big Annual Price Gains
Tuesday, January 7, 2014
Real Estate: Look for Value in 2014
To stay on the cutting edge of market activity and make the right decisions as a buyer, seller, or owner, click the link below to find out what CNN Money suggests you do to stay sharp in today's housing market:
http://money.cnn.com/2013/12/09/real_estate/housing-outlook-2014.moneymag/index.html
Source: MONEY.CNN.com
Thursday, January 2, 2014
Zillow CEO: Hottest Housing Markets
Link to video:
http://money.cnn.com/video/technology/2013/12/04/t-zillow-ceo-spencer-rascoff-hottest-housing-markets.cnnmoney