5 Things to Do Before Renting Out Your House


Renting your property may seem like an easy way to increase your passive income, but upon starting the process, you may find it to be more complicated than expected. Your house may sit on the market for months without a rental applicant because it is priced above the fair market rent. A bad tenant may be late or outright refuse to pay rent; they have the potential do thousands of dollars in property damage and may ignore your attempts to evict them from the property until authorities are involved.

So how can you avoid the headache of these common difficulties associated with renting a property? Here are five things to do before renting out your house to reduce the risk and stress of being a new landlord.

1. Take Photographs of the Property

Photographs of the property are necessary for several reasons. They are an important part of online advertising – otherwise favorable rental listings without pictures of the property are often passed over by potential tenants because they do not want to have to wait for a house tour to find out that the property does not have a layout or design that suits them. These photographs will also be helpful when your future tenants are moving out, as you can use them to measure any property damage that occurred during the rental period.

2. Assess Fair Market Rent

While it may be tempting to charge higher rent to make money back on recent renovations you may have done or moving costs from when you left the property yourself, the best thing to do is conduct market research: check with rental websites, newspapers, local landlords, realtors, and property management companies to determine the amount that properties of similar location, size and condition are renting for.

3. Create a Concise, Effective Rental Application

An effective rental application will not intimidate potential renters with its length, but will be comprehensive enough that it can be used for tenant screening purposes. Any additional information that you need from the tenant should they pass screening can be included in the lease documents. A good application will have spaces for the following items:

  • Name
  • Date of Birth
  • Social Security Number
  • Phone Number
  • Current/Previous Addresses (last 7 years, including landlord name(s) and contact information)
  • Current Employer (name, address, hire date, income, contact information)
  • Authorization to Obtain Consumer Report Statement
  • Tenant Signature

4. Consider Using a Property Manager

Property managers will typically charge a percentage of the monthly rent for their services, but in exchange, they will take care of things such as finding new tenants, creating/signing the leases, collecting the rent, and issuing legal notices (including evictions). Hiring a property manager cuts down on the profit you will make from your tenants‘ rent payments, so you should carefully consider the cost-benefit of these services.

5. Find Good Tenants

Finding a decent tenant is easier said than done – many applicants can be friendly, polite, and will seem to be a good fit, but will create a flood of problems for you. The best way to improve the quality of tenants that you are leasing to is to conduct tenant background checks – that is, choosing tenants based on measurable fiscal and rental responsibility. Most landlords will charge rental applicants an application fee to cover the cost of tenant screening.


Source by Angela Pennington

Realty Remodeling Rules


Thinking of remodeling or renovating? Make sure you do not ‚improve‘ your home out of the neighborhood. It is okay to do this if you want to stay living in it, but if you are making improvements to sell your home at a higher value – beware!

Realtors accept that there is a ceiling in realty prices, no matter which location you live in. The catch-phrase ‚location, location, location‘ is not just for fun; every location has a ‚bottom price and a top price‘. If you live in a top location area – the sky is the limit – but sadly most of us do not!

If you are living in a lower price area and put in a swimming pool and an outdoor kitchen before you list your house, it will most certainly bring the buyers to your home. It will no doubt bring in offers for your home and all this is good news.

However, while you will be able to sell at the top neighborhood price, the sale price may not reflect the total cost of your improvements.

In order to avoid this error of judgment, ask an expert in the field of neighborhood prices – your local realtor! He or she will be happy to come and advise you on which specific improvements may potentially add value to your specific home in your specific neighborhood.

This is the type of advice that you want if you are improving solely to make money. Many home improvements have been ‚analyzed‘ to see which ones give the best returns on their initial outlay.

For instance, in the ‚Money Magazine‘ they recommend adding a quality deck to bulk up the potential square footage of your property. It should be no larger than the one third the size of your home.

A deck can be transformed into a luxury class fairly inexpensively – outdoor lighting around the deck area, waterproof speakers and an entry via French doors will help. If you use ‚cute‘ strings of outdoor lighting and decorate with potted trees, the deck will have an appealing ambiance.

A report from HomeGain.com suggests that the outlay for updating a kitchen can add double of the initial cost of the improvement to the value of your home. If you have a closet that you can turn into a pantry – go for it!

The pantry is a sought after feature in a kitchen at the moment. Islands are another wished-for feature, although preferably with a secondary function such as a sink or breakfast bar stools.

Once again, keep a ceiling on your prices. If your neighborhood is for the average family, it is not worth investing thousands of dollars in top of the line appliances if this will price your home out of the local market. The report suggests that looks and newness are the most important factors.


Source by Carol P Freyer

Sell House Now Tips and Information – Learn How to Sell a House Fast


It is now doubt the real real estate market will slow down during the holiday season. This is good for realtors and real estate investors who have been working very hard to help clients buy and sell houses but not so good for buyers and sellers.

If you are in the market to buy a house, December and January can be a good time to pick up some great deals on a house because there are not many buyers. It can also cause an issue for home buyers because the number of available homes typically is lower during the holidays as home sellers don’t want to move during this time.

The cold weather also has an affect on the real estate market. The colder it is outside the less home buyers are out shopping for a great new home and the less number of open houses real estate agents hold. In months when the weather is warm the number of houses for sale increases and so does the number of sold homes each month.

Does this mean you should wait to sell your house until Spring? Well, if you can wait it might be a good idea too, but many home owners need to sell their house now. The truth is life happens and there are many reasons a home you expected to stay in for seven to ten years suddenly becomes a home that you can only stay in for two or three years.

Home owners who need to sell their house fast typically have one of the following reasons: foreclosure, job transfer, divorce, relocation, family illness, short sale, etc. There are many reasons home owners need to sell a home but if you are experiencing any of the above stated issues you are more likely to need to sell quick.

The problem with needing to sell a home fast in the current real estate market is many home owners do not have much equity so selling a house can be very difficult. If you owe more for your home mortgage than what your home is worth it can seem impossible to sell your home. The truth is you still have home selling options. You can have a professional realtor or investor complete a short sale, lease option your home until the market increase or you can rent your house until the market increases and sell then.

It is important that if you are wanting to sell a house you discuss all your options with a real estate professional. Real estate can be a tricky thing to handel especially when you have an emotional attachment to the home. Discussion all your options with someone who is an expert and does not have an emotional attachment can help ease the process of selling a home.


Source by Shaun Greer

No Equity Back From a Foreclosure Auction? Maybe the Bank Planned it That Way


Many people facing foreclosure do not realize it, but there are several areas of the law that prohibit a mortgage lender from taking advantage of homeowners in a foreclosure situation. Every day, borrowers claim that their mortgage company „just wants my house because it is worth more than I owe.“ In a few cases, this may be true, but legally, the lender must sell the home at sheriff sale for its fair market value and pay the former owners any proceeds over and above the amount owed. Banks may try and take advantage of the fact that most consumers do not know their rights when it comes to foreclosure.

The main issue homeowners run into is a lender selling the home as quickly as possible at a county auction, just to pay off the mortgage. They never seem to care about the previous homeowner and the money they could receive from a fair sale. For example, assume a home is worth $300,000, but the total payoff is only $275,000. The mortgage lender has a legal obligation to sell the home for as close to its fair market value as possible, which is $300,000. This would mean the former owners would get $25,000 back after the sheriff sale.

What usually ends up happening is the bank accepts the first offer they receive of, lets say, $250,000, then they sue the home owner for a $25,000 deficiency judgment. In a case where the bank should be paying $25,000 to the homeowner, they end up stealing the home and an additional $25,000, due to their refusal to sell the home at its fair market value! This is clearly a violation of the lender’s duty to obtain a fair and reasonable price for a property that it is foreclosing on due to nonpayment of a loan.

For homeowners in the process of having your home foreclosed on, or those who have already lost the house to foreclosure, then it is imperative that the find out the current market value of the property. Borrowers may be owed thousands of dollars in the event the home is, or was, sold for less than it was worth. In fact, there are numerous cases where previous homeowners have gotten settlements in court for tens of thousands of dollars due to the bank’s violations. Understanding foreclosure rights and the laws when it comes to facing foreclosure is probably one of the best ways of avoiding losing a house altogether. If homeowners did not understand their rights and were taken advantage of, there is a chance they can get their home back, or at least sue the lender for its misconduct.

The best way to determine a home’s value is to is to get a full appraisal from a local, qualified appraiser. However, this can be somewhat costly, after facing foreclosure and it may be hard to justify „throwing good money after bad.“ A better recommendation is to get a Broker’s Price Opinion (BPO) or Property Valuation from a qualified source. I do not recommend using an online service that offers a free valuation, because they are rarely accurate and do not take into account the condition of the home or improvements made.

Ultimately, if a lender violated its duty to homeowners when foreclosing on a home and sold the home after the sheriff sale for a higher price, then borrowers need to take action sooner rather than later. Homeowners can not just sit back anymore and let the lenders get away with breaking the laws and taking profits on sales that they are not entitled to. As well, borrowers can not remain in ignorance of their rights, their lenders‘ duties, and simple fair dealings. Homeowners should take action today and force their lenders to answer for their wrongdoings and corruption.


Source by Nick Heeringa

5 Top Tips to Buy the Best Mattress Online


Varieties of mattresses flood the market from time to time with novel and innovative designs and make. The range of varieties with different price levels, sizes and features make it difficult to decide which one to buy. The choice is made easy if the buyer is absolutely clear about what he or she wants. These products should be helpful in ensuring a good sleep giving the body rest and comfort. It is also necessary to know if it fits the budget.

Online shopping

Going online can be a great solution as it is easy to compare prices and features online. Online shopping has caught the fancy of shoppers because of the special rebates for online buyers and free delivery and such offers that are usually not available to traditional shoppers. Some of the shopping portals have introduced their own online shopping apps to enabling consumers to shop online using their smart phones or tablets. As far as mattresses are concerned it is just a few clicks away for anyone to buy an affordable mattress online.

The internet has plenty of useful tips from experts given with an aim to help consumers with information based on which they can make an informed decision to buy an affordable mattress online. The ones used to sleep on should be firm and also gentle to induce a good quality sleep. Coir and spring varieties are much affordable but they tend to sag quickly and do not give much support to the body and hence cause disturbed sleep. Polyurethane (PU) Foam variety is very popular among mattresses as it adapts to the contours of the body.

The price factor is really crucial as online prices are unbelievably cheaper than the showroom prices. For example a memory mattress costs roughly around one thirds of the showroom price. There are overheads like showroom space and maintenance, salaries and commissions and local sales tax that get added on to the showroom price of mattresses while there are no such costs involved in the online purchase even with shipping costs added. Thus the online buyer saves in thousands.

Online retailers of mattresses have a clearly defined return policy so the buyers feel more relaxed. This is important especially when buying a mattress that the buyer has never used before.

5 top tips:

The following tips can help anyone in choosing the best foam mattress.

1. Knowing the requirement about mattresses: Foam varieties have different benefits to offer like coolness and odour-free. There are others with specific features such as open celled which is more breathable or temperature neutral and those with quick or slow recovery, the speed at which they return back to original shape. It is necessary to know the right product that suits the requirement.

2. Search and compare: Use specific words like „high-density memory foam mattress“ based on your requirement for search. By filtering out those that do not match a few options remain that can be compared to arrive at the best choice.

3. Firmness: Contrary to popular belief medium-firm variety is preferable for good back support.

4. Warranty: Note the period of warranty and how to make claims and restrictions if any.

5. Look for the best deal: Visit coupon sites and best price guarantees to ensure best deal.

Being safe than ever, online shopping is the perfect method of choosing the best foam mattress. Internet has made it easier to select the perfect match for your requirements. With the facility to thoroughly research all mattresses and spend any amount of time in selecting the best mattress online buying is by far the best option to buy a mattress saving in a relaxed and confident manner.


Source by Sam Badi

Home Staging on a Budget


Staging is an essential, and cost-effective, part of the home selling process. Staging your home to show off its qualities can only add to your final selling price. On average, people receive $2 in increased sale price for every $1 they put into staging a home.

When staging your home for sale, there are five golden rules to take into consideration as you work your way through each room of your house.

Five Golden Rules:


The buyer needs to picture themselves in the house – not you. That wedding photo may mean the world to you, but the buyer it’s a distraction that prevents them from seeing a home for their family.


Declutter and maximise the space in your home. Closets packed tight with all your clothes make a place like it lacks closet space. Consider temporarily storing the overflow offsite.


This golden rule is the easiest and cheapest way to stage your home – clean it. A sink full of dirty dishes is as unappealing to you as it would be to the buyer. It is well worth the elbow grease in cleaning floors, walls, baseboards, ceiling fans and windows.


Unless your home has exceptional period built-ins, all home could benefit from some updating. If someone feels the house is dated, they will reflect that feeling in a lower offer. Consider a few simple changes like swapping out expensive fixtures for nickel or chrome.


Colour can make or break a buyer’s interest in your home. You may love that shocking red wall, but all the potential buyer sees is a great deal of painting in their future because of red clashes with their style. The picture is one of the most inexpensive ways to change a look of a home.

Bonus Tips


Clear closets of unnecessary clutter, and organise to maximise the amount of open storage space you are showing off to potential buyers. Use boxes stacked together to keep up and hide the clutter.

Use matching hangers for clothes – hooks are inexpensive so splurging on higher quality are inexpensive, so celebrating on higher quality hangers to replace free wire hangers from the dry cleaners will modernise your closets with visual impact and a more luxurious feel.


A quick and inexpensive way to improve the appeal of your bedroom is to use gender-neutral colours when touching up paint jobs and re-accessorizing to have the broadest possible appeal. Colour coordinate where possible bedspreads, walls, curtains etc. should have a clear theme to their colours if possible.


If walls are grimy, spray them using a standard spray bottle filled with a mixture of one part bleach and one part water, follow up with a fresh coat of paint.

Clear countertops of everything but the essential to make space look more open and more extensive.


Modernize your dated cabinets; they can be touched up for less than $200 with a coat of new wood stain and or even a good sanding a coat of paint. Replacing brass or wooden cabinet hardware with brushed silver or stainless steel is an effective way of updating dated cabinets as well.


Source by Andrew Scott

Best Oral Sex Techniques – Techniques To Turn Her On Fast


What are the best oral sex techniques that can turn your lover on tonight and make her achieve over-the-top orgasms? There are different types of oral sex techniques that can make her go wild, and you need to know how to apply them on her.

Oral sex techniques work best when it is accompanied by toys and tried with different cunnilingus positions. But let me just show you what are the basic oral sex techniques that you should know if you want to satisfy her tonight:

Oral Sex Technique #1: The Sweeper. This is a pretty easy technique. Start by placing the tip of your tongue at either the right or left side of her clitoris. Then just move your tongue from the side to side as though you are sweeping a floor. Control the movement of your strokes. Start slowly and increase the speed gradually for maximum satisfaction.

Oral Sex Technique #2: The Vacuum Cleaner. This technique starts off with you placing your mouth at her clitoris. Then gently suck it in and out of your mouth. This will create a very strong sensation when she is having an orgasm, so make sure that she requests it before you execute this technique.

Oral Sex Technique #3: The Circle. This technique is one of the best oral sex techniques that you can use on her. Start by placing your tongue either at the left or right of her clitoris. Then move your tongue in either a clockwise or anti-clockwise movement. Make sure that you move your tongue around her clitoris only to create maximum pleasure and anticipation.

Oral Sex Technique #4: The „ABC“. This is a very popular technique whereby you spell out the letters on her clitoris. Once you have spelled the letters A, B and C, try spelling out her name and ask her whether she knows that you have spelled. Remember to play with the pace of your stroke and as always, slow works best at the beginning.

I have shared with you some of the best oral sex techniques that you can try out with her. Do remember that best oral sex techniques are usually accompanied by sex toys and exploration with other cunnilingus positions.

Do you know that women can achieve better orgasms from good oral sex when compared to penetration? Get more oral sex techniques and positions from the website below to give her maximum pleasure now:


Source by Crid Lee

Why is Shadowing So Important in Real Estate Investing?


When someone says shadowing you may think of a sleuth following a spy or an episode on a TV show where a detective follows a suspect in a case. In fact, the term applies to one of the best kept secrets in the real estate industry. Still, only a few of the most active professionals use it regularly. That was until the past year or so when less active investors have been finding a critical need for it.

I mention shadowing because keeping it a secret isn’t as important as its purpose which is to help real estate investors stay out of a specific type of trouble – „Chain of Title or Defective Title“ issues. It has been estimated that forty percent (40%) or more of all foreclosure properties have chain of title issues.

These defective titles become apparent sometimes when the property is flipped to another investor, or when the new buyer tries to get conventional financing for the property. The next closing agent is not employed by the lender who did the foreclosure and a more through title search is used. The problem can be a simple as the lender who foreclosed didn’t actually have the mortgage note and couldn’t legally foreclose but he did anyway. When the homeowner didn’t do any foreclosure defense, or even show up for the hearing, the title to the property was transferred at the auction sale to the lender.

An even more common problem is when the lender in the foreclosure process starts the foreclosure process by having the lis pendens delivered to the person on the mortgage and anyone who is living in the property. If someone accepts that notice of service that is not on the summons or related in a specific manner, the service is illegal. This means the foreclosure sale also may not be legal and a defect in the chain of title exists.

The problem is often referred to as a break in the chain of title. The break occurs when an individual entity transfers the property’s deed to another person or entity and he wasn’t the true owner of record.

A very common example is when an elderly parent is approached by his children and asked to sign a quit claim deed so when his time comes, the deed will be recorded and the property will transfer without having to go through probate. At least that’s what the children think. Actually, the property must be probated so the court can process all claims against the estate of the deceased. What if one child gets the deed transferred to him and the other siblings don’t get their fair share?

Often children transfer their parent’s properties before they have to put the parent in a nursing home to get state or federal monies to support the parent’s nursing care. These transfers can be illegal as they are masking the parent’s assets. They also cloud the chain of title when they are discovered, which can be years later.

Shadowing is the process whereby you have your title company review the title work of the closing agent for the transaction as soon as the closing agent gets the work completed. This is a necessity for us when dealing with REO (bank-owned) properties because of the inadequate reviews by the so called „factory closing agents“ the banks use.

In summary, it may sound like an unnecessary expense to have title work done twice for a single closing, however, the cost is similar to an insurance policy in that the current cost is small compared to the risk exposure. The most common money-savings that we see are in faulty lien searches, missed water bills that have not become liens, and sellers in the chain of title who are not legally entitled to sell the property. Most of these issues can be cleared by paying off the liens, bills or judgments that exist or by doing a Quiet Title action in the court system which can take up to five years in some states – all of which are much more expensive that having your closings shadowed.


Source by Dave Dinkel

How to Sell Your Home Fast, Lightning Fast


Are you all set to get your home sold? Great! Now the next questions you should ask yourself is exactly how are you willing to go about doing it and exactly how long can you wait? When you’re aiming to offer your home you require to consider your desires and objectives. Is the home making your life miserable or are you simply planning to get the most for your cash and you want to wait for that perfect purchaser?

Lets presume that you’re planning to get the most you can from your property. In order to do this you’ll have to see to it that everything in your house is entirely fixed. There can not be any known concerns such as plumbing, electrical, natural or structural problems. By organic issues I indicate parasites and weeds. After the essentials are cared for you need to concentrate your focus on something called staging. Staging is everything about embellishing the home in such a way that it will make your potential buyers, specifically their spouses because they ultimately manage men in relationships, want to buy the home. You can do this be either decorating the property yourself with brilliant selling colors with art work and furnishings such as yellow, orange, mango and lime. These specific colors mentally set off purchasing moods.

Take examples from the regional design and decoration books and take trips to furnishing establishments. For this technique I’d advise offering the home furnished, if for any reason the purchasers would be interested in buying the property unfurnished you can always hold an auction to sell off the furniture numerous weeks prior to the closing date. Before you do that, just make sure that the purchaser’s deposit has already been received and that you’re at the point in the agreement where they won’t be able to get their deposit back if they back out of the deal.

Now, if your property in is in such a condition that it would not make sense for you to fix it and you’re just wanting to sell it swiftly, there is a much easier way to offer your home. All you have to do is call one of those ‚We Buy Houses‘ guys, and they’ll purchase it from you. The benefit of dealing with a ‚We Buy Houses‘ purchaser is that you don’t have to worry about conducting any repair services to your property, you do not have to worry about listing it with a Realtor or showing it to a thousand tire kicker purchasers, waiting around for somebody to get bank financing and you most certainly do not even need to manage the closing procedure, take care of title business, city officials, inspectors or pay any closing costs.


Source by Sam Pichardo

Selling Real Estate on eBay


Selling real estate over the internet may sound like an awkward idea. However, the exposure the real estate receives over such a widespread media like the internet is every realtor’s dream.

Can eBay be used to market real estate? The answer is a resounding ‚yes!‘

eBay provides functionality that is clearly adaptable to the needs of most realtors. It provides a widespread medium of advertisement for the real estate. It is also a relatively inexpensive method of advertising.

One of the best things about selling real estate on eBay is that it „markets“ to many areas around the world, not just a local area. Advertising on eBay makes the property available to more than 100 million potential buyers, including those from other countries. Visitors can browse through the property details 24 hours a day, 7 days a week – all without the realtor having to explain the details about the property to every single prospect wanting information.

Advertising Your Real Estate on eBay

When one has a house or other real estate to sell, he or she may list it for auction on the eBay Real Estate site. This is found at


There are many different ways to present the property for sale on eBay. If the realtor seeks to sell the estate at a fixed price instead of having the property go through an auction, he may request eBay to display a real estate listing in a format much like a local paper.

eBay’s Real Estate page has three selling formats. These are the auction, fixed price selling, and the traditional real estate listing.

For each of these selling formats, the „user“ furnishes additional information regarding his or her property. Details may include lot size, number of bedrooms, number of bathrooms, type of property, year built, and other information. The auction listing period must also be specified, where the choices range from 1-, 3-, 5-, 7-, 10-, or 30-days, or a 30- or 90-day non-auction listing.

The eBay Real Estate website charges two types of fees for listing a property. There is a simple fee for listing the property and also a fee is based on the final amount of the property sale. The charge for a 1-, 3-, 5-, 7-, or 10-day auction listing is typically around $100. A 30-day auction listings cost about $150. A non-auction listing costs $150 for 30-day listing, and about $300 for a 90-day listing.

Fees for Timeshare property and land are usually slightly lower. The final fee amount for Timeshares and land is generally about $35.

Selling real estate on eBay is growing in popularity as the internet stretches it’s outreach to more countries. Although nothing beats direct and personal inspection of property, the convenience of having eBay connect seller and potential buyer is definitely appreciated.

Copyright 2005 MHG Consulting


Source by Dan Farrell