Gloom & Doom of the Burst Bubble
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You can hardly read a newspaper without seeing another article about the decline in the real estate market. In fact the first thing I saw on the web today was the top story that the Dow dropped over 300 points because of fears in the housing market.
What’s not being clearly reported is that the market is still in a healthy condition but has under gone it’s normal correction that it does about every 7 years after a strong push of prices going up.
Here in Puna (East Side of the Big Island) for example there were 383... continue reading >>
Landlord Tips & Advise
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Landlord Maintenance TipsA quality property will get you quality tenants. Set up a yearly review and don't wait too long before you get around to fixing things. The most obvious are paint, roof and visual appearance of the property. Stay on top of repairs and maintenance so you don't alienate good tenants. Maintaining your property now will also make it easier for you when you sell it in the future. Handle your income producing property as if it were a business...because it is.
-Conduct a yearly walkthrough of all units. I notify my tenants that I will be conducting... continue reading >>
Perfect Neighborhood Tips
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Finding the Perfect Neighborhood
1. Make a list of all of the amenities that are close by in the neighborhood you are considering as your new residence. Keep in mind what distances and routes to each of these places are acceptable and what are not.
2. Determine what the best features of the neighborhoods are. This is especially helpful if you are deciding between a few different neighborhoods.
Are there parks nearby?
Is it scenic and visually appealing?
Are there quiet areas, streets, culs de sac?
Are the people friendly... continue reading >>
DIY Home Selling Mistakes!
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Most Common Selling Mistakes:Mistake #1 -- Placing the Wrong Price on Your Property
Every seller obviously wants to get the most money for his or her product. Ironically, the best way to do this is NOT to list your product at an excessively high price! A high listing price will cause some prospective buyers to lose interest before even seeing your property. Also, it may lead other buyers to expect more than what you have to offer. As a result, overpriced properties tend to take an unusually long time to sell, and they end up being sold... continue reading >>
Due Diligence (DD)
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What does Due Diligence mean?
1. An investigation or audit of a potential investment. Due Diligence serves to confirm all material facts in regards to a sale.
2. Generally, due diligence refers to the care a reasonable person should take before entering into an agreement or a transaction with another party.
I Say; Do Your Homework:
1. Offers to purchase an asset are usually dependent on the results of due diligence analysis. This includes reviewing all financial records plus anything else deemed material to the sale. Sellers could also perform a due diligence analysis on the buyer.... continue reading >>
New Hawaii Quarter Recall
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~New 2007 State of Hawaii Quarter Recall~
Hang on to any of the New State of Hawaii Quarters. If you have them,
they may be worth much more than 25 cents.
The U.S. Treasury announced today that it is recalling all of the New
State of Hawaii Quarters that are part of its program featuring Quarters from
each State.
"We are recalling all the New 2007 State of Hawaii Quarters that were recently
issued," Treasury Undersecretary Jack Shackleford... continue reading >>
Big Screen Advertising
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Just a Thought on Advertising...
I went to the movies with my family this past week and wondered if any of you did some Advertising in the Theaters? I would think it would be huge with all the amounts of people that sold out every show on Pirates of the Caribbean 3 and other shows as well. We don't have any type of billboards whatsoever here in the Hawaiian Islands.... continue reading >>
HAWAII EVENTS
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~Say Aloha to the Surf and Hula under the Tropical Sun~
With its Multitude of Cultures and Permanently Good Weather...
Hawaii always has something to celebrate. Some of the Events to look out for include Hawaii's Biggest Hula Competition, The Merrie Monarch Festival (April); May Day, an Extravaganza of Lei-Making (May); King Kamehameha Day, a Hawaii State Holiday with Parades throughout all the Islands(June); Aloha Festival, a celebration with Parades, Cultural Events, Canoe Races and Hawaiian Music (August to October); the Quicksilver/Eddie Aikau Memorial Big Wave Classic, a Surf Event held on O'ahu when Wave Heights Exceed 20ft.(December); and the... continue reading >>
PICTURE THIS...
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I recently cut down 3 tall trees about 12 inches thick in diameter on my 2 Studio Buy & Holds about 2 months ago with my chainsaw because the leaves kept on clogging the gutter system. I left roughly about a 3 to 4 inch stumps from the ground up. I was going to RoundUp Poison so I can clearly see the stumps and keep the area clear of weeds and grass as I mow the lawn each weekend. Remember...I was going to poison but failed to do so.
On that matter, about 3 weeks... continue reading >>
More Landlord Tips & Advice
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Tenant Screening TipsI screen my own tenants. I tend to think that I'm a good judge of character. I've been wrong a couple of times, usually because I don't listen to my own instincts or take my own advice. These tips may help you if you manage your own properties.
-In your initial phone interview, be sure to ask "why" they are moving. If they fumble, stumble or complain about their current landlord, this may be a red flag.
-When you take their application, tell them you will be checking all references, employment history and credit history...ask them... continue reading >>