As they say, a stitch in time saves nine! Also, prevention is better than cure. These principles suit best in all fields including the world of real estate.
Therefore, it is always better to be well prepared prior to all the short comings. Let’s have a look at a few tips to keep yourself prepared.
Tip #1 – Make a list of anticipated possibilities!
It is better and always preferred that you prepare a list of all the possibilities you anticipate to face in the near future. It does not mean that you will have to predict the future. It’s about anticipating what you might need in the future and thus making changes according to it.
Why is it necessary to prepare a list?
Well, doing this will save you from being surprised by any short coming. You’ll be at least mentally prepared to face a problem. Therefore, having a stable and focused mind will help you tackle the situation in a better way. Even if we move a step ahead, you’ll be physically prepared also!
Tip #2- Know the trends that are in momentum!
Best way to gain such type of information is through reading journals and articles. As per the recent survey, evictions have been greatly in the trend!
What’s the reason behind this huge number?
The reason is that the investors now have greater number of rentals than they ever had.
According to the reports prepared by The National Rental Home Council, institutional investors have bought large blocks and set them for rental use. This has led to the rise in rental prices and therefore, many renters are facing problem with the payment of rent and affordability.
Government researchers do not have single definite statement about the reason behind such a he number of evictions. However, according to some, the property size enables the investors to easily negotiate at lower prices and thus replace the existing renter.
Local landlords and managers are seen to have a better and more patient treatment with tend to treat responsible residents more patiently. They preferably work with those who have lost their job or can’t pay the rent for some time owing to some genuine reason.
Thus, it I suggested that every time you hear something which is relevant to your work, even if it is rumor, put it on your list. Be prepared for everything!
If you’d like to talk more about the value of inspections, or you need help with Everest Property Management, please contact us at Everest Realty.
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As a top producing Realtor and Property Manager; Terry specializes in sales, extensive construction homes, rentals, REO’s, short sales, and all aspects of Real Estate. After graduating the University of Michigan with a master in MBA, Terry continued his endeavor and now has over 15+ years of experience in the Real Estate world. If there is anything that has to do with Real Estate and sales, you can always be sure of Terry to provide important, specialized knowledge.
