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Monday, August 31, 2009

Arizona Investor News Over The Weekend

In case you headed out of the office early on Friday and/or didn't keep up with your Phoenix real estate RSS feed over the weekend (subscribe to ours), you might find these local articles interesting.

Have a great Monday!

HomeLovers on Twitter

HomeLovers is now on Twitter - tweeting about local Arizona real estate, property management and real estate investor news, and sharing expertise and options.

Follow us at @azhomelovers today!

Friday, August 28, 2009

Arizona Real Estate News Feed

Ever notice the "Google Alerts" box on the right-hand page of our blog? It is an RSS news feed with the latest residential real estate news happening in Arizona.

(What is an RSS feed? Here is a great post explaining it from one of my favorite blogs, ProBlogger by Darren Rowse.)

We monitor breaking news all over the internet for search terms like "Arizona housing", "Arizona foreclosures" and more to be sure we are on top of our market, including both local and national business and trade publications.

We would like to share it with you - just check it out when you read new postings. You can also bookmark the RSS feed page itself to see the full listings, instead of just the five latest headlines.

Tuesday, August 18, 2009

10 Questions To Always Ask A Prospective Property Mgmt Firm

When looking at property management companies, there are a handful of questions that savvy real estate investors should ALWAYS ask.

It helps you weed out those agencies that charge "junk fees" and don't have the experience to make sure your real estate portfolio is consistently profitable - whether you have one investment home or a dozen.

According to HomeLovers property management expert Noel Pulanco, these are the areas critical to address during the selection process:

  1. What area do you specialize in?
  2. What types of properties?
  3. What services do/don't you offer?
  4. Who handles maintenance?
  5. How do you qualify tenants?
  6. What types of tenants do you look for?
  7. How do you handle non-paying tenants?
  8. How did you advertise?
  9. How long to rent a home?
  10. How/when do owners get paid?

Detail on each of these ten questions coming soon from HomeLovers, one of Arizona's fastest growing property management companies. Stay tuned! We want to help you stay profitable with your real estate investments.

Can't wait and want more information now? Contact Noel at Noel@HomeLovers.com or (602) 792-5324 for a little advice over the phone. It's free.

Thursday, August 6, 2009

USA Today - Home sellers frustrated as short sale deals collapse

USA Today recently ran an interesting article on how home sellers are increasingly frustrated as short sale deals collapse - often months into the deal when potential buyers walk away due to lengthy delays. Read the article here.

The author wisely points out that the banks are only part of the problem. Buyers/sellers can’t do much about the banks, but they have total control over the agents they choose.

Now, more than ever, it is critical to choose your experts wisely. Way too often, we see first-time buyers and real estate investors alike being assisted by agents who don’t have enough experience to make the process smooth.

For buyers looking to get a deal on their next personal residence, this will lead to lost deals, frustration and wasted time. Many buyers are putting their moves and future plans into the hands of agents who simply lack the knowledge to get the job done.

For real estate investors, this is an even bigger problem. The inexperienced agents are recommending properties that we would never suggest as an investment. There are great deals out there in virtually every price range, and a short sale can be a great way to get into the perfect property at a nice price. We just caution new homeowners and investors alike to start with the best expert they can find… then shop for the best possible properties… and THEN look for the best deals in the properties they know will work.

If you are going to go through the hassle of a short sale, you want to make sure the home you end up owning is a prize worth winning.

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