As Property Managers how can we protect ourselves from owners going into foreclosure? We can add verbiage to our management agreement requesting a recent mortgage statement. Remember when dealing with the tenant's security deposit to get the owner's request in writing. Above all keep in mind, as
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03/26/2009
The problem began with "liar loans", these are loans that people made that could not afford the payments and soon defaulted. The problem grew when individuals in home loans could afford the loans but walked away because home prices dropped and their loan amount was more than the home was present
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03/23/2009
In this current market there is not an exact dollar amount added to rentals with updated features. In 2003 prospective tenants were fighting over properties and home features were critical. Right now tenants are looking for a safe neighborhood, clean home (counter-tops, flooring, appealing exter
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03/16/2009
4th Quarter 2008 Elk Grove/Laguna 95624,95757-58 Type Br Average Low High Apt 1 $852 $660 $1,035 Apt 2 $999 $850 $1,215 Dup/Condo 2 $1,116 $855 $1,325 Hse 3 $1,409 $1,125 $1,850 Hse 4-5 $1,756 $1,375 $2,395 1st Quarter 2009 Elk Grove/Laguna 95624,95757-58 Type Br Average Low H
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03/11/2009
