Why should I consider a Lease Purchase?

· Top sales price for your property
· No Real estate Commissions!
· Large Market of available buyers at all times
· Better quality tenants because they plan on owning the property some day
· Higher rent then usual for the market area
· Non-Refundable option consideration (down payment) which is yours to keep
· Tenant Buyer responsible for all minor maintenance (no 2:00 am phone calls)
· Seller remains on deed-your property until option is exercised
· Seller retains tax shelter
· No lengthy vacancies. No waiting 60-90-120 days for conventional financing to come in
· Stops the money hemorrhage of mortgage payments (for vacant properties)

call me for more info or guidance, if needed; (949) 742 - 0915

Spa day

Just had to tell you all about this experience. Please indulge me with this non real estate related item. I was given a gift certificate to Burke Williams spa as a birthday gift.

I finally made my appointment and was transformed into a few hours of sheer bliss. I am thinking of changing one of my favorite hobbies to spaing.

I would like to suggest that you do this at least 4 times a year. Takes only a few hours, but you will feel completely different. I was scheduled for a whirlpool birthday bath in a semi private room – oh fabulous. What can I say, when you have someone else make sure the tub is clean for you, draws the water and adds fabulous things to it. ( and then cleans up after you – oo la la ) Gabriela did a wonderful job with my milk bath with some oils that smelt and made me feel silken. The fruit in a bowl and eye cucumbers just enhanced the bathing experience. My next home will have a whirlpool tub. Glad I did decide to have the bath after all.

This day as it turned out was one of those days when the President comes to town. So of course there was a lot of hub bub going on outside, and you were none the wiser on the inside of the spa facility. I would like to suggest that you do the items you are scheduled for in the order they suggest and have you hair done as the last thing.

Next I was scheduled for eyebrow waxing –sort of an ouch. Cassandra had a great touch and I hardly even noticed. Then she gave me a fabulous facial. Oh it was heavenly. I have to go back for a back facial. The products used, had just a hint of whatever fruits or vegetables they were made form, they all felt great going on and being removed. – I have very sensitive skin; everything felt soothing.

There are several areas for relaxing either before your treatments or afterward, the whirlpool, heat and dry saunas, along with steam sauna, the outdoors area. To just sit back and relax.

Oh yeah one more thing, the areas are segregated so the men have their own area and the women ours so you can wear a suit for the water works if you wish or not. Also you really do not have to bring a thing. They even had robes and towels that were comfortable for me. I would go to the gym first then to the spa to take full advantage. This also makes great gifts for friends and family. Hint hint. So help someone else splurge and feel great.

This was a fabulous few hours. Thanks Suzette.

Cities Feel Impact of Rising Foreclosures

Daily Real Estate News January 28, 2008

The conversation at the U.S. Conference of Mayors winter meeting, which ended Friday, was focused on stemming foreclosures and managing vacant properties.
After all, mayors say dealing with vacant houses hits the municipal budget hard. Chicago estimates that each vacant house costs the city an average of $34,000 for inspections, court actions, extra law enforcement, visits from city utilities, and sometimes demolition.Kilder, treasurer for Genesee County, Mich., whose county seat is in economically devastated Flint, urged mayors to stop selling tax liens and liquidating their interest in abandoned property because it puts the city in the hands of speculators.
"Even if a community doesn't own the property," Kildee says, "local leaders own the problem. The public is going to hold us all accountable for the conditions in our neighborhoods and simply saying this property is owned by some mortgage company or some speculator in some city doesn't get us off the hook.

"Source: The Wall Street Journal, T.W. Farnam (01/28/08)

Freshen Up Your Rental Property

This story was printed from CompleteLandlord.com,located at
12/17/2007
Topic: Property Maintenance and Repair

As a small landlord, I am always looking for easy ways to spruce up my rentals without spending a lot of money. My tenants appreciate the continued attention that is paid to their rental and I have a more rentable property for the future. Here are a few ideas for easy updates on your rental units that will not only freshen up your property, but also will help keep tenants happy:

• Repainting kitchen cabinets in a rental that looked outdated and unstylish can change the entire feel of the property. Sometimes all it takes is a can of paint, which you can purchase cheaply by asking a local paint store for returned paint. The gallon of semi-gloss set me back only $5.
  
• Buying a new shower curtain is something you should always do between tenants. When showing off a property, the last thing you want a prospective tenant to see is the grime on your previous tenant’s shower curtain.
  
• Tile a foyer to add a distinctive feature to your rental unit. Most rentals have linoleum entryways, so tiling your foyer puts your rental a step above the rest. I recently tiled an 8’ by 8’ foyer and paid only $125 for materials.
  
• Replacing the doors in your rental can be a surprisingly cheap way to make a change to your property. Basic hollow-core doors cost about $20, but spend $10 more and get six panel doors to add a luxurious, stylish feel to your rental.
  

Rehabbing your rental doesn’t have to mean expensive, time-consuming projects, so don’t put it off until your property is out of date and shabby looking. Instead, make small, inexpensive changes regularly.

Please Drive Responsibly

Please use your hands free headset. Here is a website where you will likely find the headset used by your phone and can get it for just the shipping cost. Please look at

http://www.freeheadset.org/

my shout out to all I see still using their hand set is

Get off the phone and drive.

Please be careful and drive responsibly thanks

Herm.

Handyman or Contractor?

courtesy of : By Bill Lederer;Founder - CompleteLandlord.com

When looking for a professional to do work on your property, how do you know whether to hire a handyman or a contractor? Consider the distinctions between the two types of workers.

1) A handyman is best for small- to medium-sized jobs that require a wide range of skills and attention to detail.

These individuals are generally less expensive than contractors, but the work may take longer to complete. A handyman can do about $500 worth of work per job, per day and often works alone or with a small crew. The benefit of this is that there is less disruption on the property. Foot traffic from a contractor’s large crew in your property could be heavy.

2) Hire a contractor if you have a larger project, especially one that requires expertise in several areas, such as plumbing, drywall, electrical or carpentry work.

The contractor will coordinate all professional subcontractors and the timing of their work, and you benefit from having a single contact person. Also, most major projects, such as renovations and additions, require building permits that only a contractor can secure.