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New Revenue Source - Manage Those Vacant Properties

07-06-09
Nathan Miller
Nathan Miller: Property Manager in Grants Pass, OR
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  • Office: (541) 787-4111
  • Mobile: (541) 787-4111

property managementThere are still a lot of areas that haven't recovered and still have 12+ months of inventory sitting around. It truly is a buyer's market, but.. wait.. nobody's buying hardly (at least not at what many sellers want/need to sell for). Inventory continues to grow and sellers continue to compound their frustrations. I'm there myself. I have a house I want to sell, but it's taken such a beating in this downturn that I would just lose too much. I would rather sit on it for a while, but not without making anything.

Where I'm going with this, is there may not be many buyers out there but there are a TON of new renters. For every foreclosure property that pops up on the MLS there's a new family renting. Sad though it may be, it's true. If you have a vacant house that won't sell right now, or your client has that vacant house, help both of yourselves out and assist them in turning it into some postive cash-flow.

Some owners don't want to hassle with the troubles of renting, and that's where you could come in and help. Assumingly you are already in an office downtown with every capability in the world to help them manage their properties. Most property management companies charge 5-10% to manage a property on behalf of the owner. So for a $1000/mo rent house that's $50-$100 per month income for you and $900+ for the owner. That sure beats a sharp poke in the eye.

It's not as hard as it sounds either. Many real-estate firms are diversifying into property management because there's real money in it. 20 properties could mean $2000/mo additional monthly cash for your firm. Each state is different and this may not be the best idea for a recovering market with less inventory but I think it is worth serious consideration for those markets that are having a difficult time recovering.

--- about the author ---

Rentec Direct provides property management software free to landlords and property managers. Because of the importance of thorough screening for prospective tenants, we have integrated tenant screening directly into the software so in just a few clicks a complete and comprehensive background check including previous evictions can be done on any new tenants.

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Thoughts of a REALTOR ...The Grass in NOT always Greener on the Other Side!

07-05-09
Thom Abbott GRI Associate Broker Midtown Atlanta Real Estate
Thom Abbott GRI Associate Broker Midtown Atlanta Real Estate: Real Estate Brokerage in Atlanta, GA
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  • Office: (404) 228-2691 x226
  • Mobile: (770) 713-1505
  • Secondary: (404) 247-6696

Good morning, or afternoon, or evening....whichever applies depending on when you catch this. Enjoying a glass of juice while taking in the morning sun at a friends place in Miami, Florida. Quick few day trip down here to take care of some family business...and you know, since we (referring to most reading this, although not all) started blogging, it seems we look at everything in a different perspective. At last I do!

Sonny9

Thanks to the creature comforts of Sonny 9 (sorry, always name my cars...comes from my car club days!) which we just picked up a week ago, we set off for sunny Miami! So, the camera is always close at had for that picture of...whatever sounds or looks like it could have some future reference!

A brisk 11 hours later (yes there ARE planes that make the trip much quicker) but this visit required driving.

Last night, we ventured out with our hosts, Jose and Rene to check out some of the new developments that have popped on the Miami skyline. No, wait, "popped up" is not the right phrase...how about multiplied on the Miami skyline! And I have not even made it to Miami Beach yet!

Bank Of America

Not one of the new additions to the skyline, I tried to capture the essence of the July 4th holiday with the Bank of America building in it's patrotic colors!

But, I've digressed here....the grass is always greener on the other side. You know how it is. We complain and whine that things are so bad where we are. This in reference to real estate. Out market is so overbuilt, etc. how are ever going to get out of this!

Well real estate agents of the Greater Atlanta area....I eat MY words! I don't have the pictures to go with this blog, but I have never seen so many new condo buildings in one place....ever.

I'll be off later today to capture some of them via my trusty Canon Supershot and Flip Video....and I'll share with you what it means to have "lots, and lots, and lots of inventory to sell."

And here I thought I had to many condominiums to sell in Atlanta! The grass is not always greener on the other side of the fence.

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Atlanta's Little Architectural Secret - NORTHCREST - The forgotten Moderns

07-02-09
Vanessa Reilly
Vanessa Reilly : Real Estate Agent in Atlanta, GA
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  • Office: (404) 556-1733
  • Mobile: (404) 556-1733

Atlanta has traditionally been known for it's brick Bungalows, English Tudors and Antebellum-style homes. Here in the city of trees a California contemporary is a rare find!

However, a couple miles north on I-85 and just off of Norhcrest Road there is a little architectural secret full of Mid-Century modern homes. Northcrest is a sprawling, multi-phase swim/tennis community with gentile swaying pine trees, fluorescent azaleas and vintage cars parked under shady carports. Inspired by the futuristic designs of Joseph Eichler, Northcrest was developed by Howard Hardrath and Walter Talley of P&H Company in the late 1950's through early 60's.

Each home was designed and built specifically for the lot it sits on. Similar to the ideas of Frank Lloyd write these contemporary split-levels and ranches bring the outdoors inside with their huge picture windows and strategically placed skylights. Simple roof lines envelope the thick tongue-and-groove pine ceilings while covered patios open into vintage tiki bars that where featured as a $200 upgrade when the homes were originally built.

In 1959 the P&H motto splashed across the brochure read: "Planned from the ground up for leisure living." These days the Mid-Century neighborhood attracts Artists, Architects and those who appreciate the vintage modern style these homes have to offer! But every so often if you are lucky you might meet one of the original owners and get to hear a story of when life was lived with martini in hand while soaking up sunny summer days at the neighborhood pool...

For more information about Northcrest and all available homes for sale contact the neighborhood expert - Vanessa Reilly 404.556.1733 You can also CLICK HERE to see all homes that are currently available!

P.S. The home featured in these pictures is available!! for $244,500 call me today!

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Balance, Recharging and The REALTOR. What's YOUR Prescription?

06-30-09
Thom Abbott GRI Associate Broker Midtown Atlanta Real Estate
Thom Abbott GRI Associate Broker Midtown Atlanta Real Estate: Real Estate Brokerage in Atlanta, GA
  • view my blog
  • Office: (404) 228-2691 x226
  • Mobile: (770) 713-1505
  • Secondary: (404) 247-6696

Balance, Recharging, and The REALTOR. What's YOUR prescription?

Scale

This blog (or are we suppose to say post....grammer police please?) was inspired by a post I read today from Loreena Yeo about having a balanced life. So I read the various comments, and added my 10 cents worth, and then said, "Self, what is Balance, and how do you find it, or something close." Or, when you've had one of those days or weeks, what do you do to "wipe the slate clean" or recharge yourself?

cell phoneIs it as simple as night with the cell phone off, a good movie, a glass a wine and your significant other person? (or all of these MINUS the SOP?) Hours away from your kids or SOP so you can just think, not think, drink, not drink?

fitness centerIs it a good workout at the gym, beating up your muscles and releasing those things we release? Stress, Endorphins?

Or, does it require a more serious prescription? A weekend trip away from it all? A WEEK trip away?

Many times, our clients, by our own fault, don't really see all we do to make it all happen. They say we make to much money. But do they see all we do? I have a closing in 2 weeks, and I was on the phone with my Seller at 11:45pm going over an inspection report! Now, we both agreed we could talk then...I just getting home and she just getting in...but I joked with here about the time it was and here I am, still working to sell your place!

You go at this pace for a few days, or a week, and suddenly you say, "Self, what are we doing here at the computer at 1am?"

Wine Bottle

I'm working on one of my prescriptions right now, almost as some of you read this. Ready? In my office (not home office, THE office) writing a blog, AND drinking one nice Chardonnay!

I feel better already! Balancing out, recharging and being a REALTOR!

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5% Commission and You and The Gramercy Townhomes 4th of July Celebration

06-29-09
Kim Wolfe
Kim Wolfe: Real Estate - Other in Atlanta, GA
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  • Office: (770) 391-1254

The Gramercy Townhomes 4th of July Celebration

The Gramercy Townhomes invite you and all realtors to come out and enjoy a patriotic 4th of July luncheon tomorrow, Tuesday, June 30, 2009 from 11 am - 2 pm. These Atlanta townhomes will be hosting this event with apple pie, watermelon slices, lemonade, Amercian flags, sparklers and more to all who attend this patriotic event! With prices slashed up to $100k off, these Atlanta townhomes are a must see!

The Gramercy Atlanta, GA Townhomes are now available from the low $200's. Featuring luxury appeal with carefully selected signature finishes and superior building solutions, these townhomes include private decks and porches, 3 decorator palettes to choose from, granite countertops, custom closet systems and more. These Atlanta townhomes are located close to everything in the Altanta Perimeter area. Walk to Perimeter Place Shopping Center which has Target, Mimi's Cafe, Taco Mac, Flemings, Cheeseburger in Paradise, and so much more. Would you rather shop at Walmart? Perimeter Village is located a half a mile away which includes Walmart, DSW shoes, Post Office and even more restaurants. Perimeter Mall is approx. 1 mile away on Ashford Dunwoody Road. Did we mention they are conveniently located close to GA 400 and I-285 Interstates? For a printable points of interest map for the Gramercy Townhomes, click here.

So put it on your calendar to join us tomorrow! We hope to see you there!!

The Gramercy Townhomes | 4699 Ridgeview Road | Atlanta, GA 30338
770-551-9255 | www.GramercyTownhomes.com

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