Potential clients of ours ask, "Why do you charge a "Realtor Fee" of 5% or 6% when a rent-to-own tenant buys our home (rent-to-sell)? Some of your competitors provide the tenant, keep the upfront option fee, and then let us manage the property. We then only pay the attorney fees when the tena
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09/06/2010
The "Golden Rule" was an excellent idea as soon as Jesus said it; our lives would be so much better if we followed it all the time. But it's not such a smart philosophy to follow it with rental homes. Let me explain. There are many well-intentioned investors who believe that the "Golden Ru
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08/27/2010
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. If you ask a: 1. Realtor: "
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08/21/2010
"Go to where the money is." (Business Axiom) According to an article in Barron's this month, the future of the real estate market is in rentals for the next five years. Most real estate agents are hoping this news is akin to the Bush White House claiming the existence of Iraqi weapons of ma
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08/14/2010
I was talking to a prospective Charlotte property management client the other day and he had only one criteria he really cared about. He wanted to make sure that we placed a rental tenant into his home that had 700+ credit scores. That was it. I told him I didn't think that was a good idea;
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08/08/2010
As a Charlotte property manager, we work with many clients who are looking to rent-to-own a home. As the banks continue their non-lending ways, this group of clients continues to grow. To find homes for them, we look through many sources. Homes listed for rent-to-own (aka lease option or le
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07/27/2010
Writing a blog every week is hard! My hats are off to the people who write multiple times a week, and especially to those that do it every day- kudos! My thoughts haven't changed in the past year on the near future of short-term residential real estate (next 1-2 years). Rent-to-own and rent
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07/17/2010
A lot of banks don't like Burger King. Why do I say that? It's simply because they don't want to allow you to "Have it Your Way." I'm obviously a fan of rent-to-own. It's sort of a nice change from the rigid rules that mortgage underwriters make clients go through. For example, banks have
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07/11/2010
The following two descriptions are about the same $99.00 special on a hotel suite on the Gulf of Mexico: Come to our wonderful beach hotel on the Gulf of Mexico (get a suite at a discounted rate!). Yes, there is oil washing up on the beach and don't think about eating the seafood. Please
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07/07/2010
Every property owner I've ever met (including yours truly) wants to charge the highest rent possible. Every tenant wants to pay as little rent as possible. Sorry, there is no huge revelation here. This is pretty much the way any market works. The girl who sells cans of peas wants you to b
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06/24/2010
