Joseph Holbrook, CDPE(Dulles Area 703-651-9169)

Why should you hire a Property Manager?

If you are an investor who is thinking about buying into investment properties but you

lack the knowledge of how to handle the details of leasing and managing these

properties then a property manager is the difference between your venture being a

success or a failure.

There are a number of aspects that can be the deciding factor of whether you are a

success when it comes to real estate investment. You need to make sure that you

market your property correctly in order to find and retain tenants. The aspects that you

need to consider and the duties that you need to undertake when it comes to

maintaining your investment in the property market can often be overwhelming and in

many cases you will find yourself without enough time to undertake all of the duties

that are expected of you. By hiring a property manager you will be easing the burden

that can often come with owning a rental property. So choosing to use the help of a

property manager is the single most important decision that you can make when it

comes to protecting your real estate investment and maximizing your cash flow.

No one should venture into their own business without having the right resources at

their disposal and owing rental property is no exception. So hiring a tried and true property

manager is a good idea as they will be a valuable resource, especially if you are a first time

investor.

But what exactly does hiring a property manager mean for your business?

Hiring a property manager will do a lot more for your rental business than you may

realize. Some of the main tasks that are undertaken by a property manager are as

follows:

• Handling late night emergency phone calls

• Screening potential new clients

• Taking care of the monthly rent collection

• Sorting out regular maintenance and handling any repair work that may need

doing to a property

• Visiting tenants whenever it is necessary to do so such as property inspections.

• Being in charge of evictions

• Terminating leases and lease addendums

When you hire a property manager it is also their job to generate interest in the

property in the first place in order to bring in perspective buyers. By hiring a property

manager you are giving yourself peace of mind that all legalities are being followed.

They will do more to ensure the success of your rental property business than anyone

else.

A property manager will have years of marketing expertise, meaning they will know

how to best market your property so that your property will be rented in the quickest

time possible. Also by hiring a property manger you are hiring someone who has local

knowledge of rental rates so they will be able to determine the highest rental rate that

is possible for your property. Most importantly however for your rental business is the

fact that a property manager will know the laws and regulations of property

management through and through. There are many laws that you have to be aware of

as a landlord and if you don't follow them then your tenants are able to sue really

easily. This is just one responsibility in a long line that is passed over when you hire a

property manger.

So for just 8% to 10% of your monthly rent collection you are able to get on with

other duties and tasks while you are safe in the knowledge that your property is in safe

hands with the help of a property manager.

For more info on renting your home: http://www.hpepropertymanagement.com

Have a great day!

"We REALLY do appreciate all your referrals"

Joseph Holbrook , Associate/ Concurrent VA Real Estate Broker
HPE Properties @ Keller Williams Realty Reston
http://www.hpeproperty.com www.hpepropertymanagement.com

http://activerain.com/blogs/holbrookjp
Phone (703) 651-9169
Fax: (703) 651-9170

HPE Property Management, LLC provides comprehensive property management services for residential property owners in Northern Virginia. We provide superior service to our military, diplomatic services personnel, government contractors, professional investors as well as the landlord by default owners.

HPE Property Management has established itself as a leading provider of property management services in Northern Virgnia by delivering the service, expertise and experience discriminating property owners and investors require.

There are a variety of factors that determine true success in real estate investments. Marketing your property correctly, qualifying and retaining the best tenants, maintaining your property in top condition - these are all crucial elements that determine your ultimate return on investment. Choosing a seasoned property manager is the single most important decision you can make in protecting your real estate investment and maximizing cash flow.

If you must shop around for a property management company, please contact us last!

We believe we can win your business and provide you a level of trust.

Please call (703) 651-9169 for additional information or view our website pages for more info.

We really hate to see it when folks lose homes, whether they are owner occupied or investor homes. Honestly, as a Realtor and a small Property Management Business.. (who knows how much longer:) we hate to be in the middle of it when an owner defaults on their payments and the tenant is calling us about these notices they are recieving..

Yesterday, I was reading this post on Biggerpockets.com and it made me pissed but for a different reason. Same article and same talk we see all the time.

http://www.biggerpockets.com/renewsblog/2012/01/20/time-to-let-underwater-homeowners-drown/

This article is about letting the underwater homes go to short sale or foreclosure and that owners can just do it via a strategic default. What seemed to be the major response from people is that anyone that defaults is "not responsible, selfish, deserved what they got, its a business decision etc.. Nothing we have not heard a thousand times..

Honestly, I a no investment genious and if I was an investment genious I certainly would not be just a Realtor.

However, I do take a different view from the mainstay of real estate and financial experts of this fiasco. This view to me has been a recent change. I believe the truth is that there seems to be different levels of responsibility between all the parties from top to bottom..

No I do not mean Republican or Democrat.. By parties I mean mortgagor, motgagee, rating agencies like S &P, investment brokerages like JP Morgan. Merrill, etc that issued these insanely hard to understand MBS's, government regulators (What the heck does FHA, Freddie and Fannie do anyway?).

My point is who were the REAL enablers? It takes "two to tango" correct?

What is really fascinating is the fact that Wall Street and DC have not paid any signifcant price other a reduction in bonuses and contributions perhaps. It seems that they walk away from their obligations all the time.. Dont get me going on this one…. But perhaps its Top Secret info and they cant disclose it....

Let me post the real estate fiasco a different way.. Most of the folks(aka consumers) who bought a house did so on the basis that they would not lose their shirt, work two jobs to do the “right thing”, did not plan on a divorce, liquidate their retirement plan or that loyal reservist Army Servicemember getting recalled to go to the war and having to take a $30K a year paycut…

So they (consumers) did not understand what the hell Wall Street did with Mortgage Backed Securities(aka MBS) and other fancy “financial instruments”, and that DC at least in my understanding let most of financial geniouses walk away. The REALLY smart people actually bought insurance to hedge against the collapse they knew was coming. Only a few states actually went after some of white collar criminals. Matter of fact, didn’t some of these financial institutions go out of their way to get the bail out from their CMO, CMBS, RMBS, etc instruments? I always, loved the fact the institutions said they were forced to take the bailout….

So in a nutshell, “Joe the dam plumber” (aka “Joe the Plumber”, no pun intended) who bought a house with the intention of staying in the house for what, seven years, has to give up every dam nickel he earns because a bunch of greedy ass financial morons traded these things to every fool that would buy them here and overseas. The government looked on probably played golf with most of the perps. The ratings agencies Moodys, S &P, etc have had a free pass and claim ignorance.

Guess "Joe" needed to read the prospectus of the MBS that his mortgage was going to be bundled (figure out the algorithm used too) with and sold to some investor. He should have understood how banks and investments firms operated.. (Hey lets throw that in the closing package to read and sign).. heck, perhaps Joe needs a Bloomberg account too so he can gauge when to sell his home.

Hmm, lets see here, I am just a moron perhaps but let me see.. As an example, lets portray a simple but basic example and we now know these were much more complex for a very good selfish reason for the investment firms obviously:)

JP Morgan has this great new investment.. Called a Mortgage Backed Security, they want to sell lets say ” Good homes MBS” and needs a rating so they can sell to hedge funds, country of Iceland, some States Pension fund, etc.. They(JP Morgan) have a contract with Moody’s to rate this “instrument”. Everyone at Moodys in the process is paid on some sort of commission/bonus and that is of course depending on Moodys retaining JP Morgan as a client… Perhaps I am wrong.. Keep the customer happy and keep the income coming.. Who cares if the MBS has some mortagage percentage of an illegal alien working at Costco obtaining a “no doc loan” in Ashburn VA (lets say from American Home Loans or Countrywide)getting a $700K loan ( you can get $600 a room lets times 4 rooms is what.., Magic income….and then in the MBS they throw in there a mortage with a 50% prime loan from Salem Five on a Newburyport, Mass $2.2 million dollar oceanfront property where the mortgagee puts 50% down and has $800K in the bank. Thats a MBS in my understanding,, correct me if I am wrong.. Looks like a AAA rating to me and they market it as AAA to sell.

Sorry, but I used to feel bad for owners and was very upset when I see folks walk away from their contracts. Now I take a different perspective. We own a small Real Estate management company and see it from all sides. Most of the owners I deal with only have the home now because they cant sell it without cashing in their 401K (Those lucky enough to still have one), giving up vacations, paying for the kids college or whatever.. I talked to one owner who has Top Secret Clearance and is under $150K, he would have walked away years ago.. But since he has a job where you have to just breath to get it because of his clearance he knows he wont make $180K with no high level clearance.

Now, I realize it is actually corporate america(aka Wall Street) and DC politics that actually started the inferno that enabled the consumers and the rapid appreciation we experienced in some areas..They actually enabled these consumers to get the mortgages they had. Most solid local banks and credit unions would have never let these loans go past their desk.

So let it burn since the folks that actually created the situation are sitting very wealthy watching the flames burn up on their seat on the “Hill” here in DC or up in NYC I should say in their 14 million dollar Coop 3 bedroom overlooking Central Park…

So Joe the plumber,, Walk away, who cares about you, your family, around your TS/SCI security clearance, etc…. Its your fault that corporate and governments let the inferno fester.. You wont get out unless you contribute or deposit enough but perhaps you may be able to call in a favor if you do. Just my opinion.

Joseph Holbrook

HPE Property Management, LLC

www.hpepropertymanagement.com

About HPE

HPE Property Management, LLC provides comprehensive property management services for residential property owners. We provide superior service to our military, diplomatic services personnel, government contractors, professional investors as well as the landlord by default owners.

HPE Property Management has established itself as a leading provider of property management services in Northern Virgnia by delivering the service, expertise and experience discriminating property owners and investors require.

There are a variety of factors that determine true success in real estate investments. Marketing your property correctly, qualifying and retaining the best tenants, maintaining your property in top condition - these are all crucial elements that determine your ultimate return on investment. Choosing a seasoned property manager is the single most important decision you can make in protecting your real estate investment and maximizing cash flow.

If you must shop around for a property management company or Realtor, please contact us last!

We believe we can win your business and provide you a level of trust.

Please call (703) 651-9169 for additional information or view our website pages for more info.

The Estates At Wyndham Hills are located in wonderful Reston, VA specifically in Northpoint zip code 20194. This luxury SFH development is located on the corner of Reston Parkway and Route 7 (Leesburg Pike)

The Estates At Wyndham Hills comprise of Fieldcrest Drive and Stones Throw Drive. The convenience of this location and the large luxurious 4000 sq foot living areas provide for quick resale and low days on market. This complex of luxury single family homes is one of the most stable in Reston. Turnover is rare.

This community is walking distance to the North Point Village Center northpointvillage.com which has a Giant food store as its anchor store. There is also several stores, banks and restaurants like a Mama Lucias, Burger King, Radio Shack, The Wine Cabinet, a Sunoco gas station and a BBT bank.

Reston is known for its great walking and running trails, community pools and tennis courts. The popular W&OD Rail Trail is also just a short walk/bike away. http://www.wodfriends.org/map1.html Access to these are easy from this community. From a commuters standpoint it is close to RT 7, within a few miles of the Wiehle Ave commuter bus stop(Future Wiehle Ave Metro Station in 2013 and Reston Town Center Station around 2017), Dulles Toll Road and Dulles Airport www.metwashairports.com/dulles/dulles.htm

Schools are also close by and are as follows as of January 25, 2012. Armstrong Elementary School(Walking distance), Herndon Middle School & Herndon High School. However you should the Fairfax County School Systems School Boundry tool http://boundary.fcps.edu/boundary/

The last 3 sales transactions have been with an average of $1,293,000 sales price with a very healthy 15 days on market!

For more info on Reston or Estates At Wyndham Hills Real Estate please contact us

"We REALLY do appreciate all your referrals"

Joseph Holbrook
Keller Williams Realty Reston
http://www.hpeproperty.com
Phone (703) 651-9169
Fax: (703) 651-9170

About HPE

HPE Property Management, LLC provides comprehensive property management services for residential property owners. We provide superior service to our military, diplomatic services personnel, government contractors, professional investors as well as the landlord by default owners.

HPE Property Management has established itself as a leading provider of property management services in Northern Virgnia by delivering the service, expertise and experience discriminating property owners and investors require.

There are a variety of factors that determine true success in real estate investments. Marketing your property correctly, qualifying and retaining the best tenants, maintaining your property in top condition - these are all crucial elements that determine your ultimate return on investment. Choosing a seasoned property manager is the single most important decision you can make in protecting your real estate investment and maximizing cash flow.

If you must shop around for a property management company or Realtor, please contact us last!

We believe we can win your business and provide you a level of trust.

Please call (703) 651-9169 for additional information or view our website pages for more info.

What are the current Rental Market conditions in Reston, VA?

Reston has grown from being a quiet and small town into one that is sought after for both housing and jobs. This modern and community orientated town is located within the Fairfax County, which is based in the greater Washington D.C area.Around sixty thousand citizens already inhabit the suburbs of Reston, which are extremely family friendly.

When it comes to the rental market in Reston now is certainly the right time to get involved as an investor. The rental market in Washington D.C and surrounding areas, including Reston is said to be the strongest in the nation. Renting property as oppose to buying it has become so popular that many condo developers have decided to rent out their condos as oppose to selling them. One of the main reason for this and for the fact that the renting market is overtaking the buying in choice of popularity is down to the current economic and housing situation, which is making renting a much cheaper alternative to actually owning the property.(Quite good especially if your looking for housing that would sell for $600K and above but sometimes rents for $2400+)

The housing market and especially the renting market in Northern Virginia and in particularly Reston has been and will continue to be strong, even in tough times such as the current housing crisis. One of the main reasons for this is due to its close proximity to Washington D.C and the access to jobs in the Dulles Corridor.

The Dulles Metrorail expansion will also be a major appreciation benefit to long term property investors and will bring more people into the town that are looking for rental property.The Dulles Metrorail Wiehle Avenue (Reston Station) is set to open Spring 2013 to Summer 2013.

The area of Reston has developed and prospered so fast over the years that the housing there sadly always seems to be at a premium and the house prices have shot up during the last five years. This of course refers to the price of housing if you are buying, which again demonstrates the benefit of renting within the Reston area.

The current RENTAL Market snapshot is 91 rentals available as of 3pm January 25th, 2012.

Property Rentals start at $850.00 and top out at $3500.00 right now. (Very wide range of course)

The median average rent is $2,040.00 with an average of 69 days. We normally recieve 1 to 2 applicant per property in a three week time frame if it appropriately priced. Almost every property type will rent quickly if it is priced right. So if your a condo owner or an Executive home owner you should have good luck renting if you do price correctly.

This is due to the fact that many people have seen the advantage of renting and have held for what ever reason to rent instead of buying.

Foreign investors are now buying property in Reston with the intention of renting it on to a third party. We have seen condo units with all cash offers for sales prices routinely. What is really interesting is where the money is coming from and the amounts. The money is coming from China,India, Europe, Argentina, etc.

It is clear within Washington D.C and the surrounding area, such as Reston that renting is overtaking the option of buying property. Apartment vacancies within Reston and the rest of the Fairfax County in Washington D.C are now half thenational average and many home sellers are making the decision to rent out their properties instead of selling them.

As you can see the rental property in Reston is booming and this is despite the economic situation!

So my advice to you if you are currently thinking of moving or downsizing your home is opt for a rental option and save yourself a stash of cash in the process if your not an investor!

Please contact HPE Property Management, LLC if your considering renting your house or would like to buy an investment property.

Joseph Holbrook

HPE Property Management, LLC

www.hpepropertymanagement.com

About HPE

HPE Property Management, LLC provides comprehensive property management services for residential property owners. We provide superior service to our military, diplomatic services personnel, government contractors, professional investors as well as the landlord by default owners.

HPE Property Management has established itself as a leading provider of property management services in Northern Virgnia by delivering the service, expertise and experience discriminating property owners and investors require.

There are a variety of factors that determine true success in real estate investments. Marketing your property correctly, qualifying and retaining the best tenants, maintaining your property in top condition - these are all crucial elements that determine your ultimate return on investment. Choosing a seasoned property manager is the single most important decision you can make in protecting your real estate investment and maximizing cash flow.

If you must shop around for a property management company or Realtor, please contact us last!

We believe we can win your business and provide you a level of trust.

Please call (703) 651-9169 for additional information or view our website pages for more info.

Hawthorn is located in wonderful Reston, VA specifically in Northpoint. Hawthorn is a townhome cluster located on the corner of Reston Parkway and Wiehle Avenue. Hawthorn consists of the following streets : Wild Hawthorn Way and Wild Hawthorn Court.

This community is located within walking to the Northpoint Village Shopping Center which has Giant food store as its anchor store. There is also several stores, banks and restaurants like a Blockbuster, Mama Lucias, Burger King, Sunoco gas station and a BBT bank.

Reston is known for its great walking and running trails, community pools and tennis courts. Access to these are easy from this community. From a commuters standpoint it is close to RT 7, within a few miles of the Wiehle Ave commuter bus stop(Future Wiehle Ave Metro Station in 2013), Dulles Toll Road and Dulles Airport

Schools are also close by and are as follows as of January 13, 2012. Buzz Aldrin Elementary School, Herndon Middle School & Herndon High School. However you should the Fairfax County School Systems School Boundry tool http://boundary.fcps.edu/boundary/

The last sales in Hawthorn of which the average sales price has been $451,000 with an average of 41 days on market. The last three rentals have rented for an average $2300.00 with an average days on market of 14 days.. This is a very popular community for several reasons such as newer 3 BDRM townhomes, 1 car garages, Banbury Model with fireplaces and not to mention ample visitor parking.

For more info on Reston or Hawthorn Real Estate please contact us

Please call (703) 651-9169 for additional information or view our website pages for more info.

HPE Property Management, LLC Copyright 2011 To contact us, please use the information below. Keller Williams Realty 11700 Plaza America Drive, Suite 150 Reston, VA 20190 Phone: (703) 651-9169 hpeproperty.com hpepropertymanagement.com EQUAL HOUSING OPPORTUNITY Disclosure; licensed agent with Keller Williams Realty in Reston, VA