February 24, 2007

Real Estate Investor Tips: Selling Property

When selling a property, what is the best and fastest way to sell?  There are several for sale by owner websites sellers can use to get their message out.  Every property will sell if it is priced right and buyers know about it.  I think that is without question, but what is best to get the word out?

Online real estate tours are becoming popular.  Realty Thoughts has done a review of three real estate video services that can make an impact in 2007.  Currently many individuals and real estate professionals are using YouTube.

Real Estate Agents have found very effective ways to sell real estate.  They are the professionals.  Since success leaves clues, I would suggest real estate investors attempting to sell their own properties in ways that mimic what has been successful for agents.  Listing the property with the MLS, holding open houses, networking with other agents and sharing commissions.

The technics that agents use can be modified in one form or another to work for investors too.  There are flat rate brokers who will list the property in the MLS on your behalf, you can hold open houses, you can network with agents and other investors to find buyers.

Here are a couple of tips that have worked for me:

1. Post your property for sale on eBay.  There are many buyers that have first been exposed to properties on eBay.  One can get exposure for their property to potential buyers from around the world.  Ebay Real Estate.

2. Yahoo Real Estate Groups are an effective way to network with other investors and find buyers. Yahoo Real Estate Groups.

Best of luck in selling your property, and remember, “success leaves clues.”

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Filed under Real Estate Info, Real Estate Investments, Real Estate Products, Real Estate Tips by TRD.
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I have used a few rental assistance programs with success.  I have been working with Section Eight, but I would like to look elsewhere for tenants. Section 8 is great, but I want some options. Another rental subsidized program would be great, I like the guaranteed rents.

Does anyone know of any other program that you have work with successfully?  If so, please share them here.

How have you found tenants in general, that has worked for you? Any bright ideas?  As investors, we need this information to get the job done whether the market is strong or weak.

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Filed under Real Estate Info, Real Estate Investments, Real Estate Tips by TRD.
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January 26, 2007

Rental Apartments in Winter

Depending on where your units are located, in the winter, frozen pipes can lead to major expenses.  The best way to avoid frozen pipes is to have tenants in the winter time or maintain heating while vacant.  Exposed pipes should be wrapped or weatherized if your units are in areas with sever winter climates.  The last thing an real estate investor wants is a pipe that is cracked due to cold weather.  Remember to use extra effort to rent your units before the winter months, and take care of your plumbing.

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Filed under Real Estate Info, Real Estate Tips by TRD.
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