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How To Save Money On Your Property Insurance Rates (things that will cost you more for insurance)

Date: 05/04/2008 / Category: Business Strategies , Current Grade A+

Preview:


These are some of the things that insurance adjusters are on the lookout for that could raise the amount you are paying for the insurance premiums for your investments. Recently at our April NWCLA monthly meeting, we had the pleasure of having three guest speakers from the insurance agency come down to talk in an open forum to our group.

Speaking at the April meeting were David Lashua, Stephen A. DeCarolis and Scott Simpson. David H. Lashua repesented Lashua-LaChance & Poliks Insurance Agency, Inc, email to: DavidLashua@Lashua-LaChance.com. Stephen A. DeCarolis and Scott Simpson represented DeCarolis Insurance Agency, Inc.... continue reading >>

11 dogs that could raise your insurance costs

Date: 05/04/2008 / Category: Business Strategies , Current Grade A+

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This is a follow up to the last blog where I mentioned that dogs on the property could be a problem for your insurance coverage. Here is an article that was published in our October 2007 newsletter regarding dogs in your buildings.

Dog lovers, enjoy! Landlords, beware!!!


11 dogs that could raise your insurance costs
By Kay Bell • Bankrate.com

Insurers say when they identify dog breeds that tend to bite, it helps bring down the cost of homeowner policies. Dog owners say their pets should be considered as individuals and the insurance approach... continue reading >>

Landlord Horror Tales that are no Trick or Treat: 8 ways to avoid your own nightmares

Date: 05/04/2008 / Category: Business Strategies , Current Grade A

Preview:


Here is a posting from the NWCLA October 2007 newsletter. It also has a blurb about insurance. I am focusing these past few blogs on insurance because it is probably where our largest risk lies in the buy & hold strategies. You want to have enough for the unexpected, but you don't want to pay too much for it. I hope you enjoy this article.

By Paul Bannister • Bankrate.com

Being a landlord is not a job for the faint of heart, say the experts, but there are several rules you can follow to protect yourself and... continue reading >>

FHA Short Pay Refinance Option

Date: 05/05/2008 / Category: Finance and Credit , Current Grade A+

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A key committee in the House of Representatives late Thursday passed legislation that would make up to $300 billion in federally insured mortgages available to borrowers facing foreclosure.

Under the principle provision in the bill, the FHA will guarantee a new loan to a troubled borrower/homeowner if the existing lender will agree to accept a short payoff. The proposed legislation still needs to be passes by both the Senate and by The President - each have their own version of the legislation under consideration.

There is no shortage of opinion as to whether this is wise... continue reading >>

Quick Tips For Serious Real Estate Investors

Date: 05/06/2008 / Category: Marketing , Current Grade A+

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I see on the blogs a lot of folks out there looking for short sales, REO, foreclosures, etc. No matter what type of deal you are going after, the first step is to qualify the leads to make sure they are motivated to sell. I have posted this article by Lou Castillo from our NWCLA monthly newsletter, to share with you. Lou explains some of the key points to an effective marketing campaign and qualifying leads. His tips will also save you time pre-screening to spend more time looking for the deals. Happy Investing!

- Brian Lucier

... continue reading >>

Fixing Annoying Kitchen Disasters

Date: 05/06/2008 / Category: Need Advice , Current Grade A

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It’s an ordinary week and you’re going about your daily plans. Then WHAM! Something unexpected happens. But, there’s no reason why you, your family, and your tenants can’t be ready when trouble pays a visit.

4 Quick Kitchen Fixes
What was the last annoying kitchen disaster you faced? Garbage disposal not working… a problem with your refrigerator or dishwasher?

Next time, before you call in a repair service, try these easy tips to examine the situation yourself. You might be surprised – you could end up fixing the problem yourself and saving a lot of money!

... continue reading >>

Should I Collect a Security Deposit from my Tenant?

Date: 05/06/2008 / Category: Business Strategies , Current Grade A+

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Some of the comments in this blog may be Massachusetts based in their origin, but the common sense you will read about below is universal in application for landlords. Hopefully this can help you decide which strategy is best for the way you want to do business with your tenants. Develop a system you use with ALL of the tenants, and then stick to it.

I just bought and fixed up a three-family home and am in the process of looking for new tenants. I was planning on requiring security deposits from my tenants, but have heard I... continue reading >>

Why your long-term real estate holdings are the best benefit plan for your retirement years

Date: 05/08/2008 / Category: Business Strategies , Current Grade A+

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A long, long time ago in an agency far, far away, I worked for a privately held financial firm creating interactive projects for some pretty high-end clientele. Our mission was to create collateral and web sites to show employees how contributing to the company mutual fund plan would help them save for a happily ever after into their twilight years. Life was good and work was plentiful. Sites were being built. Plan brochures were being printed. Accounts were being won.

After a few years of creating some pretty cool cookie-cutter solutions explaining the benefits of the “plan,” I... continue reading >>

FREE REI.com Community Membership Buttons To Put On Your Own Professional and Social Web Sites

Date: 05/09/2008 / Category: Marketing , Current Grade A+

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Hello Real Estate Investor.com Community,

As promised to all of you, I have created these cool little buttons with a much smaller pixel footprint to advertise your Real Estate Investor.com pages. These can be used to promote your own blogs, profiles, forums from your other social and professional web sites.

I also like the new black version that just went live today at all of our personal dash boards. But my designer's eye required that I put something smaller and more refined on my other social sites that now link back to Real Estate Investor.com. Very... continue reading >>

It is Sunday, May 11th and ...

Date: 05/11/2008 / Category: Funny Stories , Current Grade A-

Preview:


Happy Mother's Day to all of you ladies who have children, or to all of you who have Moms and will be honoring them today. Now, what are you doing surfing the web on Mother's Day? It's such a beautiful day outside. Get out there and call or visit your mom. I'm logging off too to mow the lawn and go visit my folks.

I know, I know, there isn't any good real estate advice in here. But family is definitely one of the the most important key factors to your success as a Real Estate Investor. Take... continue reading >>
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