Ohio

Rental property can have very stable, respectful and reliable tenants. Cleveland, OH

02-09-10

Alf Gizzo

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Office: (303) 679-0634

Mobile: (303) 350-9488

Rental property can have very stable, respectful and reliable tenants. Cleveland, OH

Yes, that’s right! It all depends on product, location and good tenant screening. If you don’t have all three, your vacancy rate will be elevated. Let’s talk about product first. We advise our students that they furnish their properties with clean functional items, new linens and art work on the walls. What you are creating is an environment that is very pleasing to the tenant, one that not only the tenant will look forward to coming home to, but also one, through pictures on flyers, web sites and word of mouth, will attract new inquires. We are all for building and keeping a pipeline.

Many furnished rooms for rent are not clean and contain aged, thread bear chairs, sofas, and soiled mattresses. Would you want to stay any longer than you had to in a place that does not support a good sense of self-esteem? Nicely furnished rooms engender good paying tenants, who stay for extended periods.

Our preferred tenant populations generally do not have their own transportation so proximity to public transportation is necessity.

Key to this equation within our program is good tenant screening, which strangely enough does not include credit or traditional background checks. Our tenants are referred to us, so we gain knowledge about them and their history though direct questioning of people who are familiar with each potential tenant individually. We discover personal background information and work experience. This type of screening done systematically will produce good paying renters who stay for long periods creating a stable house.

To learn more about setting up transitional housing, please download our free Ebook from the side bar on our main blog site.

Don't hesitate to contact us with questions. Learn about us. Learn our system. Learn what others have to say about us and our system.

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Ohio HUD Resale Program: $100 down FHA and $2,500 Bonus SUSPENDED effecitve 2/12/10!

02-09-10

Susanne Novak, ABR, FIS, GRI - HUD, REO & Investment Specialist

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Mobile: (614) 975-9650

FHA Kills Incentives for Buyers of HUD Homes

I am sorry to be the messenger of bad news. But this is very important for all owner occupants who planned to buy a HUD home in 2010.

HUD announced that effective February 12, 2010 - that's a Friday - HUD homes sold with FHA financing will no longer be eligible for the $100 down payment incentive.

In addition, the sales allowance of $2,500 for owner occupant purchasers will also be discontinued.

What's the impact of this drastic reduction of incentives? If you are an owner occupant buyer, it certainly means that you will have to bring more cash to closing and somehow come up with the minimum downpayment required by FHA. Currently, this is still 3.5%, but it may go up to 5% in the near future.

For investors and owner occupant buyers with cash this will open up the doors for even better deals. I truly expect the HUD homes inventory to rise after this deadline, fewer homes will be purchased by owner occupants and HUD will be eager to accept lower offers from investors.

Thanks for reading our Columbus HUD Homes Blog
Posted by: Susanne Novak, ABR, FIS, GRI
Columbus Realtors specializing in
HUD Homes, Shortsales, Investment Real Estate
(614) 975-9650 http://ColumbusOhioHUDHomes.com

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Central Ohio HUD Listing Statistics for the week of Feb 5, 2010 - 62 NEW Listings and 18 RE-LISTS!

02-09-10

Susanne Novak, ABR, FIS, GRI - HUD, REO & Investment Specialist

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Mobile: (614) 975-9650

Central Ohio HUD Listing Statistics for the Week of 02/05/10

Total homes available: 138 (last week: 104)

Owner occupants: 108
All bidders: 30
New listings: 62
Sunday deadline: 28
Relisted/Price reduced: 18

Median Price: $80,500 (last week: $69,500)
Average Price: $80,535 (last week: $71,103)
Highest: $182,000
Lowest: $12,600

Homes less than $50,001: 35 (last week: 34)
Between $50,001 & $100,000: 61 (last week: 48)
More than $100,000: 42 (last week: 22)
Call me TODAY at 975-9650 to secure one of the remaining $100 down homes!

Thanks for reading our Columbus HUD Homes Blog
Posted by: Susanne Novak, ABR, FIS, GRI
Columbus Realtors specializing in
HUD Homes, Shortsales, Investment Real Estate
(614) 975-9650

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Cleveland Has the WORST Winter Weather -- Say it ain't so Joe!!!

02-09-10

Chris Olsen Broker Owner Cleveland Ohio Real Estate

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Office: (216) 702-0537

Mobile: (216) 702-0537

Cuyahoga Valley National Park - Informal Sledding Hill

Okay, Forbes.com has ranked Cleveland has having the worst winter weather of the largest 50 cities when comparing total precipitation, average annual temps, and total snowfall.

Everyone I spoke with today around Cleveland were perplexed, but NOAA can't be wrong if they have gathered data over the past thirty years.

What doesn't make any sense to me is: Ask anyone who lives in Minneapolis or Chicago for that matter, who has worse winter weather, Minneapolis or Chicago or Cleveland. If you were to line up a ton of people, I could pretty much guess that most everyone would rank Cleveland third of the three.

I would love for the authors of this article to spend January in Minneapolis and then February in Cleveland (or vice versa) and see when they compare zero degrees in Minneapolis to 22 in Cleveland and see which one they would prefer. Granted, Minneapolis gets far more sunny days, but zero degrees is zero degrees is zero degrees.

Not being defensive here, just one Clevelander's view.

Cleveland does NOT have the worst winter weather! Don't believe me? I bet there are a ton of folks in Washington, D.C. that would disagree about now? I know, that's not typical either. Having lived in DC for quite a while, I know how fast the bread and milk disappears from Safeway when 2" are predicted, let alone the deluge they encountered last week and again right now.

Perhaps Forbes ought to measure the supply of milk and bread available during the different amounts of snowfall, that would probably be a more accurate gauge! :)

Just sayin...

P.S. -- The photo is an informal sledding hill in the Cuyahoga Valley National Park near my home. Doesn't exactly remind you of that scene in Fargo when they were burying the money on the side of the road when you could hear the tires crunching on the snow. :)

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Beavercreek Condos Offer Excellent Community Living

02-09-10

Karen Bellas

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Office: (480) 345-4069

Located in the suburbs of Dayton is the wonderful town of Beavercreek. Characterized by a spacious, wooded environment, the city offers attractive backgrounds and excellent neighborhoods. If you are looking for a low maintenance property or want to downsize then Beavercreek condos are a great option. When in town you can enjoy being a part of the Beavercreek Popcorn Festival, Heritage Days/Herb Days or take part in the Taste of Greene County.

Shopping at Beavercreek is fun; you can have fun around the Mall at Fairfield Commons that has more than 130 specialty shops and five department stores. Beavercreek also houses many manufacturing and research firms, which means you have loads of career opportunities. Enjoy a game of golf at the Beavercreek golf club or relax at the Dominick Lofino Park. Considered as one of the fastest growing suburbs of the Dayton metro area, Beavercreek offers a dynamic and desirable lifestyle.

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