There are historical sleepers emerging out of their intense 5 to 20 year deep snooze.... Awakening in time to discover that completely owning their home was just an illusion! A fading vision that stopped short of completion, it was just a DREAM, that for some, graduated to becomig a horrific nightmare!
Statistics record that 1 out of every 200 homes in America will be FORE-closed upon and that every 3 months, a staggering 250,000 new families will begin one! (Mortgage Bankers Association)
FORE-closure has become the new FORE-letter bad word! At the time buyers signed the documents FORE the home, most did not have the FORE-sight ahead to see this day! It was a FOREign word then and has become a word we'd like
to FORE-get now!
With job loss being the number 1 reason, there still remains many options be-FORE one has to endure the dreaded FORE-closure procedure: Receiving a deed in lieu, undergoing a short sale, negotiating a loan modification, accepting a FORE-bearance agreement, and refinancing, are a few. Sleepwalking walking away has also been chosen by those without FORE-seen hope.
Advisers rarely suggest that borrowers can and should retain their investment by renting their homes through a reputable property management company while downsizing. This choice can be a win win solution for both the mortgage holder and the lessee. We have found some of the best possible renter-candidates to be past homeowners! They possess a lengthy and faithful payment history and do yearn to recapture a bit of their lost dignity stolen in the strip-search during their FORE-closure!
This American dreamer has awakened wiser, is clothed with genuine humility, and is in need of a little mercy. These are the choicest prime prospects, and should be highly sought after by discerning property management companies. Equipped with acquired homeowner mentality, managers of quality rental homes have a much safer guarantee if they targeted some of these professional lessees, rescuing them out of their nightmares by placing them in their best abodes... FORE-sure!
"Where the RIGHT Price is the RICE Price!"
© Copyright 2011 Rice Property Management, All rights reserved
Rice Property Management & Realty, L.L.C., serves South Suburban IL & Northwest IN Residential & Commercial Real Estate. 423 East 158th Street, South Holland, IL 708-862-7423. We disclaim all liability for any damages or losses, directly or indirectly that may result from use of or reliance on information contained in this blog or for accuracy of comments or opinions of visitors to my blogs.
It occurred again!
An inquirer called with an elaborate saga of justification in defense of her credit report being so displeasing. Due to her co-signing for a relative who had not honored his repayment agreement, the negatives were recorded, reducing her score to the low 500's. She continued on about having to abruptly move before the lease term was completed because of a job relocation.
If that was not enough, the drama continued with detailed information describing what s
he said was rude and inconsiderate treatment received by her former management company upon returning the keys. She expected to get an approval nod for cleaning the unit instead of a reprimand for the early termination.
Guess how many times my antenna went up???
With a half-second pause in between her sentences, the caller begin to outline an intricate list of what she desired from us....
Applying for a rental is NOT an audition for a starring role. These types of Turn OFFS Will Get You Turned DOWN!
"Where the RIGHT Price is the RICE Price!"
© Copyright 2011 Rice Property Management, All rights reserved
DISCLAIMER: Rice Property Management & Realty, LLC, servicing the South Suburban Illinois and Northwest Indiana Areas, in Residential & Commercial Real Estate, located at 423 East 158th Street, South Holland, IL 60473, 708-862-7423, disclaims all liability for any damages or losses, directly or indirectly that may result from use of or reliance on information contained in this blog or for accuracy of comments or opinions of visitors to my blogs.
With the wind chill factor being 2 below, and an actual temperature of 14 degrees, if one is not acclimated to the weather in the Midwest, they'd head for the nearest island in the South Pacific from just the THOUGHT of the frigid cold nearing it's way!
Here, in Illinois, we adjust, for we have accepted the seasonal changes. We don't get too alarmed listening to the news reports... it's expected! Now, listen, if the *hawk went to Alabama, tempered with just a 'lil bit of snow..... Hunnie, you'd get a vivid new meaning of some foods: Namely "BREAD ROLLS" & MILK SHAKES!" *("hawk" means the cold, blowing, stinging wind - in Chicago lingo)
Just ask Charita Cadenhead, a transplant from Detroit. She finally got accustomed to the ways of the Southern belles & beaus as if it were the regular fare of the day! She did however write her post though, to give others a peek into some of the widely practiced traditions put into use on days when snow makes it's visitation! I smiled widely reading it!
Scanning through a few Facebook notations, i ALSO read with much sober interest the other day, an incredible account of what someone else had observed. This fellow Chicagoan reported to the audience what he had witnessed while he himself was making haste to get to the warmth of a heat-filled enclosure.
In his direct warning to others about the danger of the arctic-like piercingly bitter cold, still shivering, he spoke in between sniffles, walking stiffly, making mummy-like movements. You see, he understood that a sudden misstep could mean a loss of his toes, for they were apparently frost-bitten!
Now, this particular scribbler has close to 5,000 fans, friends and admirers that habitually tune in for daily counsel. Naturally, those of us that click in, come braced to receive words of wisdom to apply to our lives, but this was one NONE of us saw coming when out of his lips (due to the fierceness of the cold) came:
"Mannnn, brrrr!!! It is SO COLD outside..... that i saw....
A PIT BULL...... WEARING A POODLE!
("This beautiful pit bull terrier enjoying the heavy snowfall is owned by Briar Patch Plantation in MD") www.briarpatchplantation.com
MERRY CHRISTMAS TO ALL - STAY WARM! WISHING EVERYONE A HAPPY NEW YEAR!
OK, so the deal did NOT go through because at the last minute_________________________(YOU fill in the blank!) You were tasting that money weren't you? Your plans were to pay that bill, stock up on supplies, get someone a gift, etc.... (Of course, it NEVER entered your mind to do something for yourself, right?)
Now, if THAT wasn't enough, you get a call from your wonderfully faithful & loyal seller asking you to 
please cancel the listing because: ___________________________(YOU fill in the blank!)
No problem, you've adjusted yourself to this before, so again, with a shrug of the shoulders, retrospective thinking, and a water-under-the-bridge-outlook, you take the stoic mask out of your "treasure chest", blow the dust off and slap it on your face! NEXT!
On to the computer to send out updates to your remaining sellers and buyers! Hmmm... among the list of messages is an emailed letter from one of the seller's attorneys announcing that the short sale due to close in just 2 days was foreclosed on TODAY!! WOW!! WOW!! WOW!!
WAIT!! There's more........ On your way home, you discover a freshly positioned "FOR SALE" sign stuck in the yard of:_______________________________(YOU fill in the blank!)
Knees don't fail me now, you're thinking, as you wobble inside the door. You collapse in your favorite chair clutching the mail that was gathered from the mailbox on your way in. Your eyes spy a particular envelope.... The script is unmistakably handwritten, the stamp affixed lopsided, and it's return address is not present. Your brow instinctively forms a puzzled expression as you brace yourself in minuscule moments of silence...
Hearing yourself breathe, you hesitate before opening it after finding no clue present indicating whom the sender may be. Your musings dismissed the finality of it being junk mail.... Nah! this appeared to be TOO authentic! A small amount of precaution registered when a fleeting glint of "anthrax" peeped out amidst the tally of fear mongering images poised to invade your mind. Well, you quickly discard that supposition - smug in your knowledge of prevention, your sniffer is already pre-conditioned on what to do!
"It's amazing how curiosity can practically eradicate thoughts of freshly experienced bad news!!"
OK I'M OPENING IT... you think inwardly... Of course, you then proceed to salvage through all the other mail first. Sighing, you rehearse the happenings of your day, seeking justifiable consoling... to no avail. Tears fail to come. Slinging your coat to the chair, you walk over to the refrigerator to get a cold one. OH GOOD! Husband left some orange juice in the carton! Cool!
Sitting to the table in the kitchen, it finally happens... flowing, then rolling, peaking to unrestrained gushes... blinding both eyes... the pent up tears irrevocably make their escape... upon witnessing the contents of the decisively opened letter:
It's an ORIGINAL drawing sent by a child showing gifts being presented to THE KING! Suddenly... nothing else that could ever transpire THIS DAY mattered...
© Copyright 2010 Rice Property Management, All rights reserved
image courtesy of Vincos
All things work together for good to them that love God, to them who are the called according to HIS purposes.
Being in Property Management BY ITSELF is a huge chunk to deal with especially at this time of the year. No matter how well the tenants have been screened, it seems to NEVER FAIL that managers report a lag in payments in this season at a rate of 10 to 20% of late or NO collections! From the rents expected to recover, some may not be seen until income tax refunds come in from rapid filing! Tsk The Season!
Typical Rent Delaying Excuses Heard:
Of course, we deal with it by bracing ourselves to face the owners!! It is NOT always a pleasant task being squeezed on BOTH ends! We have to be experts at cracking the whip on one side, while earnestly pacifying the other! Rectifying this as swiftly as possible is what we strive to achieve! Tsk The Season!
One MUST be anointed and CALLED to handle this grueling task year after year! We, at Rice Property Management & Realty, console ourselves by applying lessons learned and using the right tools to offset these occurrences! With 15 years of experience, keen discernment, and continued training, we KNOW to keep our antennas up during this time. Tsk The Season!
There are plenty of prospective tenants with MUCH respect toward property managers, knowing that in these days and times, having a place to stay is a priority! It's these mature, responsible renters with home owner mentality that we covet after! Tsk Tsk on the others!
There are desperate owners facing this dilemma alone, intimidated, NOT KNOWING how to properly handle this, and have conceded to being victimized! We are saddened whenever we learn of these pleas for help, but are cheered and humbled to hear the accolades of gratitude coming from many we have freed from this burden!
In spite of these "seasonal" challenges, we actually LOVE being in the Property Management field.... And so does our EVICTION ATTORNEY!
HAVE A HAPPY THANKSGIVING EVERYONE!
"Where the RIGHT Price is the RICE Price!"
© Copyright 2010 Rice Property Management, All rights reserved
DISCLAIMER: Rice Property Management & Realty, LLC, servicing the South Suburban Illinois and Northwest Indiana Areas, in Residential & Commercial Real Estate, located at 423 East 158th Street, South Holland, IL 60473, 708-862-7423, disclaims all liability for any damages or losses, directly or indirectly that may result from use of or reliance on information contained in this blog or for accuracy of comments or opinions of visitors to my blogs.
Commercial & Residential Property Management & Real Estate servicing Suburban Illinois & Northwest Indiana locations. Our clientele includes investors, owners, renters, buyers, and sellers.
We began our business after we received divine instructions: "start the business, and whatever you touch will turn to gold"! At the time, we were living in a basement apartment surviving mainly on potatoes for a whole year. With no money saved, and not knowing where to start, "it came to me" that what i can do is what i have already been doing all my life, "naturally" Well, i knew how to clean, so i made calls offering to clean homes. Our first customer was a relative. I grabbed a can of Comet Cleanser, a few rags, and mounted the $5.00 bike my husband purchased me from a resale store.
It took a whole day cleaning her 3 level home. When my husband saw my efforts, he then picked up a paint brush and announced, "well, i can paint"!
We called the landlord and informed him that he needed his building painted and cleaned, then offered our services. The next week he called and took us up on it. Unknown to us, he had 38 units, which we began to clean and paint. Later, when we were "divinely instructed" to move to a different location, we continued our business with him.
It was after we moved that our former landlord asked us to manage his properties. We became his part-time employees, seeing to the needs of tenants.... cleaning, painting, and most of all listening, hearing, observing. Later on, we were divinely instructed to get licensed, and we did. We believe one of the reasons we have been called into this business is to service a sector of people who may have resigned to become life-time renters due to low credit scores, hindering past histories, and lack of knowledge needed to assist in advancement. There is an immense degree of joy witnessing the gratitude shown on faces of clients who did not believe they could become homeowners! As we continue to be directed by "divine instructions" we anticipate greater contributions to service lives of many.
Rice Property Management & Realty, LLC. - "Big on "U".... all the way to the letter"i"
Owners: The favor awarded to us gives us a resource advantage of being able to offer pre-qualified tenants to property owners seeking management in the States of Illinois and Indiana. Our large tenant-base can be utilized to accomodate your units needing occupants. We walk the owner-to-be through every step, encouraging them along the way. Our convenient South Suburban Rental Office located in South Holland, IL, is being equipped with state of the art property management support systems designed to give you quality professional monthly reports. Rice Property Management resolves to become your Full-Service Property Management Company. We encourage all interested owners to contact us for appointments. Investors: Rice Property Management seeks partnerships with investors desiring to contribute back to the community while enjoying profits made from wise business choices. Our endeavor is to expose others to investment visions that will impact lives for the betterment creating an acceleration in business as a result of liasons with us. New and seasoned investors are encourged to ask Rice Property Management regarding these programs. Renters: This is one of the main areas of focus for us. Our experience as Property Managers has given us the understanding, patience, and sensitivity needed to assist our clients into becoming homeowners. We appeal to tenants and those with challenged credit primarily concentrating where the needs are. We "use rent-to-own" strategies and have credit counseling plans. We have chosen communities that have high concentrations of renters in the South Suburban Illinois & Indiana vicinities to target. We have an "Urban Mission" message to prove..... "welcome to your OWN home!" We endeavor to: Convert renters into homeowners, homeowners unto investors, and investors into neighborhood developers. We will accomplish this through using on-going training through our memberships with Local Chambers, Neighborhood Coalitions, In-house training, and other sources. We are dedicated to getting results for anyone desiring a home regardless to past credit problems or low incomes. We are eagerly waiting to serve you! We belong to the following: Community Involvement:
"I needed to have run into this company earlier on, I called looking to rent an apartment, never knowing I would qualify for a home. Mrs. Rice took the time to walk me through every step and now I am a proud homeowner! I have and will continue to refer everyone I know to Rice Property Management. She is very professional."
"I have been working with Diane at Rice Property Management for 4 years and it has been by pleasure. They were not the first management company I hired to manage my property, but they are the best! They have systematically handled my problems that arose with professionalism and with a "personal touch". They are ethical, accountable, and highly efficient. Diane treats my property issues as if they were hers. I would definately recommend Rice Property Management to handle anyone's property needs.
Thank you, Aaron - Las Vegas, NV
Rice Property Management & Realty, LLC. - "Big on "U".... all the way to the letter"i"
To GOD be ALL the Glory for the things HE alone has done!
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