Posts Tagged ‘landlord’

Investment properties in Las Vegas are at a premium so it’s important that that you get the most value for your money. Where to invest becomes the big question plus what investment properties in Las Vegas are you after.

There are many types of investments that you can make and you will be impressed with the opportunities there are with investment properties in Las Vegas.

What type of financing you seek will depend on your investment properties. Interest rates and terms will vary based on your personal credit rating and the specific investment properties in Las Vegas you are considering purchasing.

There are many financial institutes in the area that will provide you with any financial needs even unconventional mortgages which offer term flexibility, repayment flexibility, and a host of other options that are better suited to unconventional investment properties in Las Vegas and other areas.

There are many different types of investment properties in Las Vegas. Start by deciding what type of investment it is right for you. Do you want to be a residential or commercial landlord? Do you want to invest in an operational property or a sleeper property? Will you be living in the area so that you can personally monitor your investment properties in Las Vegas?

There are several reasons to invest in investment properties in Las Vegas. Of course the main objective is generally to make money. But some investment properties in Las Vegas are purchased initially as a write off or as part of a conglomerate to help create write offs for the corporate body which own other investment properties in Las Vegas and the purpose is to make a profit in the future upon reselling.

And with the rapidly increasing values on investment properties in Las Vegas there are many newcomers to this market looking to hold for a short period of time and make a tidy profit with their only investment being time and patience.

Casino investments including investment properties in Las Vegas are a great way to earn instant profits. Of course if you aren’t familiar with a casino’s day to day operations you are going to be very dependent on the existing staff so make sure things are running smooth there.

Your investment properties in Las Vegas are going to make you a tidy profit no matter which method you choose. After Vegas has a reputation for making money.

Joel Teo writes on various financial topics including Investment Properties in Las Vegas. Learn more about Investment Properties in Las Vegas in our Real Estate Investment Resource Site today.

Copyright 2007 Joel Teo. All rights reserved. (You may publish this article in its entirety with the following author’s information with live links only.)

Author: Joel Teo
Article Source: EzineArticles.com
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Are you somewhat confused by all the terms that real estate agents throw around like nothing?

Well don’t worry, I can assure you that you are in good company.

Lets get a few of the basics out of the way and then we can move on to some of the specifics.

One of the first things you have to understand is that there are several components to the overall rental rate that you ultimately end up paying. There is the rent that you pay the Landlord for the use of their space, but also as a commercial Tenant you will also pay for the following items; the maintenance of the overall building, the property taxes, building insurance and management of the property. (I know, I know, it doesn’t seem fair to be paying for the management and maintenance of someone else’s property, but that’s the real world, so get used to it!)

There are basically two types of rents that you will be quoted when searching for commercial space.

They are Gross rents and Net rents. They are two separate ends of the spectrum of what is included in the rent. Gross rent is an all in rent. A true Gross rent includes all of the above mentioned expenses (Property taxes, insurance, maintenance, management, utilities etc. etc.) and any other expense that might be particular to a specific property.

Net rent is a type of rent that includes nothing extra. Net rent is simply the amount that you are paying the Landlord for the right to use their space for a specified period of time. In a single tenanted property the Tenant simply pays for all additional expenses themselves. In multi tenanted properties such as office buildings or multi tenant retail malls the Net rent is commonly accompanied by Additional rent (Also called CAM/Tax which stands for Common Area and Maintenance plus Property Taxes).

The Additional rent covers the expenses mentioned above. The Additional rent is usually an estimated amount based on the previous years operating expenses. The total expenses for the property are added up and then divided by the rentable square footage of the building. The expenses are then allocated to each tenant proportionally to the amount of space that they have of the building. So if a building has 10,000 Sq Ft of rentable space, and a tenant has 1,000 Sq Ft retail store, then they would pay 10% of the total expenses. The Additional rent is quoted on a per Sq Ft basis as well.

In different parts of the country the rents may be quoted differently. In Winnipeg the rents quoted are usually quoted as a price per square foot per year. In other parts of the country they may be quoted as price per square foot per month. When in doubt, ask.

About the Author:

Harry Logan is a Commercial Realtor with RE/MAX executives realty in Winnipeg, Manitoba, Canada. Harry represents Buyer’s & Seller’s and Landlord’s & Tenant’s in all aspects of Commercial Real Estate including the Leasing and Sales of Retail Shopping Centers, Apartment Blocks, Investment & Income Producing Property, Industrial & Warehouse Space, Office Leasing and the Sale of Businesses.

He can be reached at 204-667-SOLD (7653) or through his website at http://www.WinnipegCommercial.com

This is not intended to be Legal or Tax advice. Please discuss these ideas with a competent advisor.

Author: Harry Logan
Article Source: EzineArticles.com
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Let’s face it, things happen. And there are a lot of ‘things’ happening right now, especially in the housing market, that would lead you to question, “How can I sell my house?”

Everywhere you turn, there’s negative news; whether it’s the government bailing out GM, Ford, Chrysler, AIG and on and on, the stock market making record point losses or corporations laying off thousands of employees. The last thing you want is to be caught by surprise like so many others once things started going south.

Below is a list of 21 situations that may cause you, or someone you know the need to sell the home fast. If any of these create an AH HA moment, you probably need to contact a local real estate investor.

Usually investors buy houses, not list them as a realtor does. They won’t put a sign in the yard, list it in MLS and wait for the phone to ring. In most cases, they will actually put your house under contract, and honor it.

In the time it takes to have your house sit on the market while you continue to make payments, an investor could have actually bought the house. Please understand you might have to make some price concessions to sell your house, but in most cases they’ll provide an answer to your question, “How do I sell my house,” allowing you to move fast.

All situations vary, but here are some of the most common reasons you or someone you know may need to sell a house fast:

1. Job lost and can’t afford mortgage payments

2. Administrator/Executor of an estate

3. Bought new house and don’t want two mortgage payments

4. Job relocation

5. Pending foreclosure

6. Two mortgage payments

7. Listed with a realtor for months and won’t sell

8. Divorce

9. Want to purchase another home but can’t sell the old one

10. Landlord tired of dealing with evictions and deadbeat tenants

11. House in need of repairs but no money to do them

12. Vacant house receiving violations from local government

13. Behind on mortgage payments

14. Listing expired with real estate agent

15. Trying to sell For Sale By Owner (FSBO) but won’t sell

16. Want to retire and downsize

17. Fire damage

18. Failing health

19. Can’t afford tax bills

20. Need debt relief

21. Bankruptcy

Local investors purchase many houses each month in your area. They will give you a free offer for your house with no obligation for you to accept.

If you need someone to buy your house in Atlanta or the metro-area fast, visit one of the most trusted companies in the area. Visit: http://www.SellTheHomeFast.com

You will get a no-obligation written offer, a fast close and a smooth transaction. In most cases there will be multiple offers that cater to your situation.

Author: John Feinstein
Article Source: EzineArticles.com
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The benefits of rent to own homes are immense. Buying properties by the rent to own method helps in acquiring the ownership of the concerned homes, without dealing with the banks and mortgage companies.

The idea of the rent to own properties is growing very briskly in the real estate market. Some people choose this option just for the sake of checking out the neighborhood, prior to giving full commitment of purchasing the property. The overall outlook of the rent to own homes, make them a perfect solution for the investors.

Most of the people have found their ideal homes by the process of rent to own. Renting to own is fast becoming the preferred choice of the first time investors in the real estate market. This method is similar to the method used for the rent to own vehicles, wherein the vehicle is first leased, and during the lease if the person likes it, the decision of purchasing it is taken.

The fact that the down payments required in the real estate market are increasing with the time, will not be negated by anyone. In such a scenario, buying the rent to own homes is a much better choice, as the down payments required to be made in this method are very low.

Another important benefit of rent to own homes is that the individuals do not have to worry about the closing costs of the property. The agreement regarding the appropriate price of the house is done between the buyer and the landlord.

In some cases, the payments made towards the rent are accumulated by the landlord as payments towards the price of purchasing the property. In such cases, the landlord asks for a payment that is higher than a month’s rent. This is done for substitution of a large down payment. But, these rates are negotiable.

Another benefit of rent to own homes is, the renters can decide during the course of the lease about not buying the property in the future. This is permitted without any kind of repercussions.

The price of the concerned property remains the same throughout the period of the lease. The landlord is not permitted to increase the price during the course of the lease.

Rent to own investors have to keep in mind the ailments of buying property through the rent to own option. There are potential considerations in buying rent to own homes. This is because, the tenant buyer deals with an investor and not with any financial institution or bank, for this purpose.

The unscrupulous investor, who have a better understanding of the fundamentals of the real estate market, can cheat the new tenant buyers into signing a bad deal. Hence, it is always recommended that the buyers do a thorough review of the property before investing in it. The inspection of the property will result in a proper deal that will prove fruitful in the future for the tenant buyer.

Charles W. Moore, a U.S. Army Veteran began Real Estate Investing in 2001. He’s a Successful Investor, and Author of, “Million Dollar Rent To Own Real Estate Secrets Exposed.” Get his Free Report on Rent To Own Real Estate Investing [http://www.Rent2OwnExposed.com] at: [http://www.Rent2OwnExposed.com] – Learn Real Estate Investing, Stocks Markets and Internet Marketing, visit: http://www.REIeBooks.com

Author: Charles W. Moore
Article Source: EzineArticles.com
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Selling your house to a real estate investor can be the right selling decision. As with other home selling options, selling your home to a real estate investor has benefits.

Benefit #1 You are able to sell your house quick within a matter of days or weeks on the date or your choice. This can be a plus if you urgently need to sell, or are facing a trying situation. This also works if you have already tried to sell FSBO or with a Realtor with no success. Depending on your needs having an investor buy your house can be rewarding.

Benefit #2 You do not have to pay real estate commissions to a Realtor.

Benefit #3 No need to make any repairs to your house to get it to sell in almost all cases the investor will buy your house as-is.

Benefit #4 A real estate investors can help in any of the following trying situations: Behind on Payments Need to sell quick Moving/Relocating Job Transfer Divorce No Equity Facing Foreclosure Disability Bad Tenants/No Longer want to landlord Home needs repairs Pre-foreclosure Listing Expired Inherited Property

Listing your home with a Realtor or trying to sell your home on your own can cost you lots of money, time, and frustration it also does not get you offers within just a few hours/days. If you do not have time, do not have money, or simply do not want to deal with the hassles of selling your home then sell it to a real estate investor. You may be happily surprised by the offer you get.

http://www.SellMyHomeQuick.biz
Click Here to Get an Offer on your house in 24-48 hours

Author: Chiconya L Washington
Article Source: EzineArticles.com
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Everyone has an opinion on whether it is better to rent or buy your own home. So often, opinions are based on personal circumstances and often what is better for one person may not be the best solution for someone else. This article offers you the advantages and disadvantages of both renting and buying. Since you are the one that must decide for yourself, based on what you perceive will work the best for you, it’s best to do a little research and soul-searching.

Advantages of Renting

Price – renting can be much cheaper than buying

No commitment – Although most landlords would like you to sign a one-year lease, this can sometimes be negotiable and it may even be possible to start with a month-to-month contract.

No maintenance – If the furnace dies…call the landlord. If the plumbing backs up….call the landlord. If the electrical system is acting up…call the landlord. The only repairs you are responsible for are the ones that you or one of your guests has caused. (Plugging up the toilet is the tenant’s responsibility…not the landlord!)

No headaches – it’s easy to move on if you don’t like the place or need something bigger, and you don’t have to worry about selling, or finding a new tenant.

If the real estate market takes a big dive, you don’t need to worry. If the interest rates go sky-high, that’s no concern for you. And you can always look for someplace cheaper to live if you need to. If you own your own home, try asking the bank to reduce your payments, and see how far you can get!

Disadvantages of Renting

You have no control over your own living space. You can’t renovate or decorate as you’d like, and always have to ask permission to make changes. If you don’t get the okay from the landlord, you will either have to return your unit to its original condition, or pay to have the landlord do the work.

Most rental units have many, many regulations regarding smoking, pets, parties, noise, and so on. If you were to buy a condo, you would likely have the same regulations, but if you bought your own house, you would have more freedom to live your own life. Have as many pets as you want. Throw a party every night if you want. You get the idea. If you rent, breaking those rules can get you evicted, which can be very inconvenient.

You are helping to pay off someone else’s mortgage, when you could be paying down your own.

If you live in an apartment, you have to put up with other people’s noises and smells. If you’re used to it, no problem, but it can be unpleasant at times.

Advantages of Buying

Investing in yourself. You won’t be paying the mortgage for anyone except yourself. And if the bank is willing to lend you the money, you can be sure they think you can afford it. That’s their business…to lend you money. They won’t give money to a poor risk.

Equity increase. You can improve your asset. New paint and flooring can increase the value of your house significantly, depending on the condition it was in when you bought it. And if the bank agrees that the value of your house has gone up, you may be able to withdraw some of that equity to purchase something else that is important to you, generally through a line of credit. That money can come in very handy!

Choices. When prices drop, as they have lately in many cities in North America, it’s a great time to buy. Statistics show that real estate will always increase in value. Do you know of any houses that are worth less than they were twenty or thirty years ago? What goes down will always come up. Real estate prices always go up and down, but they almost always go up higher than the time before. You don’t have to buy when prices are high, but you can buy what you can afford if you don’t want to wait for another slow down in real estate.

Freedom. You can do whatever you want. The only people that can stop you are the police, the building inspector, and the health department! Well, maybe some others too. But you can have as many pets, parties and friends over as you like.

Pride of Ownership. This is very important to some people. There’s nothing quite like the feeling of living in something that you own! Cutting the grass or shoveling the driveway at a rental house isn’t nearly as satisfying as cutting your own grass and shoveling your very own driveway.

Stability. You can’t get a notice saying that your unit is being sold, or you will have to move out because the landlord wants to do major renovations.

Long term benefits. When your retirement days start to loom over the horizon and your house is paid off, life can be very good. If you are still making those monthly rent payments, chances are that you will have to pay them for the rest of your life. And rents seem to increase faster than pensions do!

Disadvantages of Buying

Being locked in. For some people, it doesn’t make sense to buy. If you think that your job will take you to another city every few months, it’s probably not a good idea to buy and sell your house each time you get transferred. Even if you only move once a year, it’s expensive to sell and then buy another home each time.

Maintenance. You are the one that will have to look after all those pesky little issues…toilets, sinks, leaks, mildew, electrical problems, etc. If you have to hire someone every time something goes wrong, it can get expensive.

Paying the bills. Often rental units come with some utilities that are paid for you, like water and sewage, or hydro, or gas. And it’s nice to turn up the heat on those chilly days knowing that someone else is paying for it. And if you can’t pay your bills, there are consequences.

Affordability. Not everyone is able to come up with even a 5% down payment. It takes cash to buy a house. Saving up isn’t easy, or even possible for many people. And if your credit rating is poor, chances aren’t great that the bank will be willing to lend you a whole lot.

After taking into consideration the pros and cons of each situation, it’s still a personal choice. If you aren’t ready for the responsibility of owning your own home, or if your lifestyle would be better suited to renting, then that’s the right decision for you. However, financially it is a better choice if you can buy your own home. You’ll be increasing your personal worth, rather than that of the landlord.

If you have other reasons for making the choice that you have, that’s great. But please make sure that you have made a choice, rather than letting yourself drift into the situation you find yourself in. You may find that you will want to change your situation, and if not, at least you have decided what is best for you!

Jackie Tracy of Canada Real Estate Advisor has been involved in investing and managing rental properties for over 10 years. Visit http://www.canadarealestateadvisor.ca for more information on buying, selling and investing in homes. Canada Real Estate Advisor is your source for independent real estate information.

Author: Jackie Tracy
Article Source: EzineArticles.com
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