Hagerstown, MD Real Estate News

By Roberto Gonzalez, Hagerstown Commercial Real Estate
(RG Realty Inc)
For a landlord, determining how to keep tenants longer can be much like nailing jello to the wall. After all, apartment-renters are by nature a transient population. In many cases, that's why they're renting and not buying. They want flexibility, the ability to move or buy when the time is right. From the landlord's perspective, it's obviously better to have all units occupied all the time. Vacancies mean lost income while frequent tenant turnover can mean big expenses for repairs and re-painting. And a new tenant, when you get one, is not a sure bet in terms of timely payments or respect for the property. Strategy #5 - Tenant Retention Strategies. So how do individual landlords and management companies improve tenant retention? It's not easy, especially in markets where there are more ...
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By Roberto Gonzalez, Hagerstown Commercial Real Estate
(RG Realty Inc)
Strategy #4 - "Screening Tenants the Right Way" Zeke had been waiting a long time for this day. His Aunt Millie finally had decided that he could help her manage her investment properties. She owned three apartment properties and about ten houses, a small rental empire she had built with her husband. The income from the properties had sent Zeke through college. Zeke was 30 now, had a young family and ran a successful carpet cleaning business, but he had always been a little envious of his aunt. Her trips three times a year to Greece and the Bahamas made him think there was a lot of gold buried under all of that real estate. When Aunt Millie asked him to manage the Golden Meadows Apartments, a 30-unit property located close to town, Zeke was very enthused. To get started, he inspected al...
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By Roberto Gonzalez, Hagerstown Commercial Real Estate
(RG Realty Inc)
In the past few years there have been record numbers for bankruptcies. Delinquent payments on mortgages, according to the Mortgage Bankers Association of America, reveal a wave of foreclosures. Strategy #2 - Don't Lose Your Shirt There's opportunity now for investors to step in and benefit from these properties that are about to hit the market. However, despite all the hyperbole, investors can lose money in real estate--a lot of money. If you have some cash itching a hole in your bank account and you're looking for positive cash flow and possible high returns on investment, be sure to avoid these pitfalls in the foreclosure investor field. 1. Paying too much for a foreclosure. Many VA and HUD foreclosure buyers have found themselves getting caught up in the excitement of auctioning up o...
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By Roberto Gonzalez, Hagerstown Commercial Real Estate
(RG Realty Inc)
 WebSeminar. Over the next six days, I will be posting  advice for developing some insight into real estate investing. Each article is straightforward and very informative. I certainly hope you enjoy them! Please feel free to forward these tips to anybody who might benefit from the information. Listed below is the menu of strategies you will be receiving: • -The Reasons We Invest • -Don't Lose Your Shirt • -Choosing Your Investment • -Screening Tenants the Right Way • -Tenant Retention Strategies · -Five Keys to Successful Negotiation Starting with your first strategy: Strategy #1 - The Reasons We Invest According to recent statistics published by the U.S. Census Bureau, 75% of multi-family investors are over the age of 45. Over half of these (51.6%) own less than five units, and they e...
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By Roberto Gonzalez, Hagerstown Commercial Real Estate
(RG Realty Inc)
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By Roberto Gonzalez, Hagerstown Commercial Real Estate
(RG Realty Inc)
National Association of Realtors launches national campaign to urge home buyers to buy now before market changesRISMEDIA, November 6, 2006-In a full-page newspaper advertisement running in six of the nation's leading newspapers beginning today, the leadership of the National Association of Realtors(R) is launching a national campaign to urge home buyers who have been waiting to buy the home of their dreams to act now before the market changes.NAR's first-ever newspaper blitz features the headline, "It's a great time to buy or sell a home." The advertisement points out that interest rates have fallen seven months in a row and are near 40 year lows, inventories of existing homes are higher than they have been in decades and prices have stabilized. But the perfect conditions for buyers are...
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By Roberto Gonzalez, Hagerstown Commercial Real Estate
(RG Realty Inc)
Despite rising interest rates and a glut of homes for sale, homebuyers can still get the most from a slow market. In this article from The Detroit News, the author highlights some important tips on how to do that. Some of the prominent tips are buying quality and not quantity, investing for income and not capital gains, think real estate if you want long-term investments, considering buying several properties at these low prices if buyers can afford to do it, and rent them out. As long as buyers can hold onto them for several years, they eventually see a profit when the market rebounds. [Lynne Meredith Schreiber, The Detroit News, August 18, 2006]
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