Houston Real Estate Resources

If it's time to fill a vacancy for one of your rentals, you will want to get the maximum marketing exposure possible. Chances are, that if you are reading this article online, you already understand the value of the internet. Three lines of description in your local print newspaper is no longer enough to get the phone ringing with enough interested renters in most markets.

With the widespread availability of the internet and the ease of accessing information on it, most of your potential tenants expect much more than a brief description of the raw data of their future dwelling – i.e. beds, baths, square footage and rent. Instead of spending all day on the weekend driving around looking at potential rental units, most of your tenant pool will prefer to browse through full color photographs of available rentals from the comfort of their favorite computer station. Many internet sites even offer virtual tours of available units, so to be competitive in our current marketplace, you need to make sure that you have the marketing out to reach all of these internet-surfing apartment hunters.

In addition to posting ads with full color photographs on popular sites like Craigslist,

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Unless you own all of your rental properties free and clear, chances are that you have some escrow accounts with your lenders. These escrow accounts are fed every month from your mortgage payments and this money is supposed to be used by the bank to pay your annual property taxes and insurance premiums. While it is tempting to let this system run on autopilot, you really shouldn't rely on your bank to get this right. Banks do make mistakes, some more frequently than others. While I personally may just have bad luck, I have had more than my fair share of challenges with different banks messing up my insurance payments over the years.

Of all the bizarre things that I have seen happen to my escrow accounts over the years, recently one of my lenders paid someone else's premium from my escrow account. Needless to say, after receiving telephone confirmation that this issue has been resolved, I am monitoring my escrow account very closely to make sure that the premium is returned to my account.

Most of the time though, when your bank messes up, it is just an annoyance that requires some extra time on the phone.

Here are some of the things that can go wrong when your bank doesn't pay your insurance premiums:

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At our monthly real estate investor meeting last week (here in Northern Colorado), I discussed with the group my preferred strategy for getting a huge marketing advantage to sell houses quickly for full price. This is the strategy I recommend BEFORE deciding to drop the price on your properties. It is especially effective with low interest rates.

Here's how it works. Let's say you are trying to sell a $200,000 home and you'd consider dropping the price $10,000 and selling it for $190,000 to get it sold quickly. Rather than dropping the price $10,000, you might instead consider

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We've got some very exciting information this week before we head into the Thanksgiving holiday next week.

If you login and play the Learn To Be Rich™ Game this week and complete a full game, besides learning a great deal about business, your finances, investing and real estate, you'll also earn yourself a free real estate course download.

The download for this week is called: Real Estate Mentoring Call Volume #6: Wholesaling Plan and Real Estate Investor Career Options. This audio CD which you can download as MP3 audio files, will help you learn about a plan for wholesaling real estate for immediate income as a real estate investor and go over some of the options you have available to you as a real estate investor considering investing as a career.

Just login, start and finish a new game and on the End of Game Summary page, you will see a link to download the course. The link will disappear at the end of the week, so download it now.

Or, if you'd rather not play the game this week, but see the value in the real estate course, you can order a physical CD and have it rushed to you by using the order link below.

Until my next post,

James

We have analyzed this deal to see how this particular single family home in Fresno would be as a rental property. These deals can be submitted by a variety of people like real estate wholesalers, investor focused real estate agents and brokers and our researchers. To submit deals, you can login (or register a new account) using our submit a real estate deal interface.

Where is this property?

It is located in Fresno, TX. The property address is kept private to preserve the deals for our members. To work with our preferred investor friendly real estate agent/broker for this deal, contact us about Deal #3688 and they can give you the full details about this property and help you in purchasing it. This particular property was submitted to the Houston Real Estate Resources Website featuring real estate investor articles and local deals.

How did we find this property?

We found this property from one of our real estate investor friendly agents/brokers or one of the real estate investor wholesalers we know in the Fresno area.

Learn to find motivated sellers using marketing in Buying Houses with Business Cards. This CD is included as part of the 68 CD Ultimate Real Estate Investor Package that you get when you purchase any house we promote on the website through our recommended real estate agent or broker. To work with our preferred investor friendly real estate agent/broker for this deal, contact us about real estate Deal #3688 and they can give you the full details about this property and help you in purchasing it.

The Story

Before we get into our full analysis, here is some of the interesting story for this particular deal:

Great price. Homes needs little, if any, fix-up. Great equity. Home is only two years old.

Property Details

• Bedrooms: 4
• Baths: 2.00
• Square Footage: 1,954 (see square footage estimates for info)
• All information is deemed reliable, but is pulled from tax records, real estate agent, zillow or the seller.

Income

• Gross Rent: $1,398/month (see Rent Estimates for more info)
• 4.00% Vacancy Adjustment: $56/month (see Vacancy Estimates for more info)
• Net Rent: $1,342/month

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