The Right Way To Rent

With the economy struggling, every one is trying

their best to stay abreast of what the unknown future

holds. Most people our rethinking their once secure

futures. Many tenants are opting to downgrade their

apartments size, location, etc.. For landlords the tough

part is keeping tenants to live up to their contracts,

and keep units from becoming vacant for any extended

period. A new useful tool which may help with current

estimated comparable rental values is  www.rentometer.com

 

This site will let you know if your current rents are

competitive to the surrounding market. On the downside

these estimates do not give the ability to compare amenities.

To compare amenities, call the listed rentals and ask what

amenities are included with the rent. By being competitive

 in this tough market you will lessen your exposure to losses.

Hector Gutierrez,  Real Estate Broker, Investor, Contractor C-10 Licensed

www.wespeakrealestate.com

For Rent

Is it wise to rent my home?  -Many millionaires have been born through the use of buying holding and eventually cashing out on their real estate holdings. In this down market, where prices and loan products have become volatile, it may pay off to rent that home rather than let it stay vacant. Renting the home insures you do not have to take in a depreciated offer at this time. Real estate traditionally does appreciate with time.  This market is where investors are looking to swallow the losers, sit and sell them when they become winners again. If you are unable to care for the property hire a professional management company that will look after your property. Keep in mind that the rental may be subject to regular maintenance and cleaning when it is time for a new tenant or is sold. 

– Moving or trading up may have  you in need of a cash down payment.  You may refinance your current home and take the necessary funds  needed for a down payment making sure that the rental house does  not leave a great negative position on your finances.

 – If you just want it out of your life than selling for a less than expected price may be the answer for you. It would bring closure and you could  move on with cash in hand.