Question: 60 days before my tenants’ lease expires, I always send a renewal letter telling them what their options are: they can sign a new lease, they can stay on a month-to-month lease at a higher rental rate, or they can terminate their lease. Recently, I sent out one of these letters but then started [...]
In previous articles we have addressed time and again that the importance of knowing how evaluating potential investment properties is the key to success in this business. For example, knowing what a property will be worth once you’re finished with the rehab (ARV) is essential, along with knowing the cost of repairs, closing costs as [...]
It’s no secret, the days of purchasing single family homes for investment purposes has become extremely competitive and challenging for the average buyer. No doubt it’s a sellers’ market, especially in major metropolitan areas like Phoenix, Atlanta, Charlotte, Chicago, Dallas-Fort Worth, Portland and Seattle with values appreciating in the last 12 months 8% to 25%. [...]
Think it doesn’t happen here? Think again!!! If you have never experienced frozen water pipes, perhaps you do not understand the severity of this situation. When water pipes freeze, the water expands and splits or cracks the pipe. Then, when the water under pressure, finds that crack, the water runs until someone notices and shuts [...]
Going into the new year, just about everyone has heard the big news: The real estate market is slowing down. Crazy annual price spikes are waning, more properties are hitting the market, and there are fewer buyers to compete with. Everyone is wondering what that means for 2019. Will all long-frustrated, aspiring homeowners finally be able crack open [...]
Over the years, we at WZP Legal, have presented at AZREIA and written numerous articles for this newsletter, about the importance of fair housing laws. Whenever we give a presentation, AZREIA members come to us with a “quick question” and ask us what is the best thing they can do, to avoid violating fair housing [...]
