September 18, 2019
What is a Property Management Company?
An area of real estate we need to address is the area of property management. Many times an absentee owner would need to hire a property manager or maybe an apartment complex or shopping center also would need to hire a manager to manage the property. When this occurs, the owner will hire the manager by signing a property management agreement. The property management agreement needs to contain things like the length of time this agreement will be in force and also include things like the function of the property manager. The vacancy rate typically is not part of the agreement, however, because the vacancy rate is more determined year to year based on the market conditions. The functions of a property manager typically include possibly finding tenants, repairs, maintenance and paying bills. Those are the typical functions of a property manager.
Primary Versus Secondary Mortgage Market
June 30, 2020
In this article, we discuss the differences between the primary and secondary mortgage market. The primary market is where loans are created between a lender and borrower, and the secondary are made between the lender and larger organizations.
Financing Options: Discount Points and Contract for Deed
June 30, 2020
In this article, we quickly discuss two financing options in real estate. Discount Points and Contract for Deed are two ways a buyer could finance a home.