2.  Is this a residential neigborhood? More houses than apartments, business, or industrial.  Vernon, CA has about 100 residenses and is an industrial city.

3.  Can I inspect prior to closing? You may be able to at an auction, but you buy “as is”.

4.  Would I feel safe here at night?

5. Would the house conform to FHA lending requirements after renovations?  Always think exit strategy when buying.

by   Lambert Munz  MPM, RMP

Buyer consultant and property manager

Visit www.arbourpm.com regarding our services

and our book store at www.expert-landlord-resources.com/resourcestore.html

featuring my book House Investor’s Manual

We have discontinued comments  because of irrelevant comments and link hookers. If you

wish to contact me I welcome you to do so at propertymanager@arbourpm.com

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The name of the seminar Foreclosure Direct.  How to buy foreclosed property at wholesale.  The second part of the seminar is How to invest in Tax Liens.

See my remarks regarding this seminar.    http://www.expert-landlord-resources.com/foreclosuredirect.html

by  Lambert Munz  MPM, RMP

Buyer consultant and property manager

Visit www.arbourpm.com regarding our services

and our general  store at www.expert-landlord-resources.com/resourcestore.html

featuring my book House Investor’s Manual

We hav e discontinued comments  because of irrelevant remarks and linkhookers. If you wish to contact me I welcome you to do so at propertymanager@arbourpm.com

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Their pitch was as follows:  Get foreclosures  directly from lenders and do it quickly before they’re listed for sale.

How to resale them at major cash profits

All with no money out of your pocket

It is a 3 hour free workshop.

This veteran real estate guy is going to attend and I will report back to you.

The banks are greedy, but not dumb. However, sometimes greed causes people to make dumb mistakes.

If it sounds too good to be true.   You have read that line before. The rest

of it goes like this – It usually is hype.

There web site is  Bankforeclosuresdirect.biz

1  Lambert Munz  MPM, RMP

Buyer consultant and property manager

Visit www.arbourpm.com regarding our services

and our book store at www.expert-landlord-resources.com/resourcestore.html

featuring my book House Investor’s Manual

2. We have discontinued comments  because of irrelevant comments and

hooker links.  If you wish to contact me I welcome you to do so at propertymanager@arbourpm.com

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Out of fairness I will attend because maybe that have some proceedure that I not aware.

I know this much-the current market has low inventory right know. The Banks rather deal with experienced people with cash.

The Bank is awaree of current market values, but will discount the price to allow for repairs.

The Banks sell AS IS.  That is right you better know what kind of merchandise you are buying. The costs to repair may exceed market prices.

There are hundreds already in line  ahead of you to buy the limited available properties. Some are heany hitters.

However, as an experience property manager and real estate broker I will check them out and report back to you.

P.S. They don’t give free seminars without having a package available  that will sell for a $1000 or more.

If you are single it can be trouble free living and a active social enviornment.  However, when you have a significant other, social intercourse may not be at the top of your agenda.

Privacy and space between rentals may be desirable then the social amenities. A garage for your car and additional storage may be a longing desire.  More room and perhaps a garden to putter in.

Anoter desire may be to leave the party atmosphere with knocks on the door at night and weekends.

The most compelling reasons usually are privacy, yard, and more space.

This blog was taken from my book HOUSE INVESTOR’S MANUAL available at  www.expert-landlord-resources.com/investorsmanual.html

1. By Lambert Munz  MPM, RMP Buyer consultant and property manager Visit www.Arbourpm.com regarding our services or our stores at www. Expert-Landlord-Resources.com

2. We have discontinued comments  because of irrelevant comments and link hookers. If you wish to contact me I welcome you to do so at propertymanager@arbourpm.com

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Real Estate Guidance and Management 

 New investors this advice from a veteran Real Estate Broker and property manager. No matter if the Realtor is your best friend he/she must by law represent the seller if presenting a listing of the seller. The law state that the Realtor has a fiduciary+ relationship to the seller.

+FIDUCIARY:  Holding or held in trust. Trustee

If they appear to be representing you then they are violating the law.They must disclose who they represent. The Realtor cannot disclose the seller’s negotiation strategies or what price he/she may agree to. That is why I keep recommending that you hire a Buyer’s Agent.

You can negoiate a fee or the agent representing you can share the seller’s Realtor’s fee. Sign a contract with the BA and you are officially represented.   contract with the BA and you are officially represented. The BA can reveal anything he/she knows about the seller’s strategy and weak areas. He/she may be in a position reveal to you  if the seller has to sell. We used to identify a seller by these two motivating factors. “WILL SELL” which means the seller will sell if they get their price or terms and the “WANT TO SELL” which means that the seller is motivated to sell for some urgent reason.

A BA can do a little detective work about the seller since, he/she the seller, is not a client. The seller may have financial problems, may be moving out of town, or there is a major maintenance problem that is pending that he/she wants to avoid. He/she may be going through a divorce and needs to liquidate to satisfy the divorce settlement.

The Seller’s Realtor has not developed the techniques of a BA because they haven’t had the experience or training. They have taken the typical Realtor training which consists of farming for listings, advertise and sell.

I will repeat do not buy Real Estate especially in a strange town unless you have representation. My background before becoming a property manager was as a representative for investor buyers. I have been in the real estate business 44 years. I am not condemning the seller’s Realtor because they have to disclose who they represent to you, but most people don’t realize that you are not being represented

Licensed with CA Dept of Real Estate 44 years as a broker. Commercial investments. Currently property manager with 27 years experience residential and commerical Hold two designations MPM Master property manager and RMP Residential Management professional awarded by National Association of Residential Property Managers Read chapter one of our new Book HOUSE INVESTOR’S MANUAL   http://www.expert-landlord-resources.com/resourcestore.html

   1  By Lambert Munz  MPM, RMP Buyer consultant and property manager Visit www.Arbourpm.com regarding our services or our stores at www. Expert-Landlord-Resources.com

2. We have discontinued comments  because of irrelevant comments and link hookers. If you wish to contact me I welcome you to do so at propertymanager@arbourpm.com

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If we represented one community, such as a large apartment house, we would have one consistent image to offer our tenants. However, we represent hundreds of owners of different cultures and personalities. We unfortunately offer different policies for different properties and owners to our tenants. What is agreeable to one owner is not agreeable to another.

Some owners want their properties maintained while others; if it means spending money rather ignore maintenance.

This makes it very difficult to manage and keep the customers happy. Tenant retention is so important such as offering a gift or dinner out for renewing their lease and paying their rent on time. Not all owners wish to offer gifts. Some can’t afford it.

I have to share a story with you regarding a party I attended. A mortgage broker can up to me and said you have one of the toughest jobs in real estate. I agreed, but responded that is why I have a job. I wonder what he is doing today.

1. Visit <a href=”http://www.arbourpm.com”>go  to http://www.arbourpm.com</a> regarding services and our book House Investor’s Manual

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Our experience regarding screening of our relocating tenants is 1% What does this mean? 1% of landlords accommodating our former tenants don’t call us for rental history. This includes eviction cases. The recording of the eviction lags 30-60 days which results in not being reported on credit reports during their relocating.

Lenders are not checking either when our former teant is applying for a new mortgage. I can’t understand these lenders. Haven’t they learned anything from this economy?

Before renting to strangers please take our advice and check on a tenant’s rental history from a couple of former landlords.

.  By Lambert Munz MPM< RMP

Buyer consultant and property manager

1. Visit <a href=”http://www.arbourpm.com”>go  to http://www.arbourpm.com</a> regarding services and our book House Investor’s Manual

2.  Sign up for future blogs (about twice a week) by clicking on RSS feed or if you wish to share post with someone click on share button or if you wish to subscribe add your email where indicated and click subscribe.

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The city of Sacramento and County of Sacramento are requiring mandatory inspections for properties used as residential rentals. The pressure for them to create this new law has been from the public because of neglected properties.

Properties not brought up to code and ignored maintenance. This has been caused by owners that can’t afford to be in the rental business, or are chosen slumlords.  We all must pay the price for these types of owners.

Before I entered the real estate business I inherited some money and wanted to invest. But I wanted an advisor to guide me. I searched, but most agents represented the seller or their own investments. I discovered there was nobody to represent my interests.

I decided to enter the business and after investing, reading everything I could about the business and taking coures, I began to make investments and make some mistakes.

I decided that their were others that needed my help. They needed to be represented in a real estate transaction because nobody else did this service.

I represented new investors in this case professionals, CPA, Doctor, Lawyer. I found property for them and later formed a management company to manage their portfolios.

It was a great service for them and made me a good living.

1.  By Lambert Munz MPM< RMP

Buyer consultant and property manager

Visit <a href=”http://www.arbourpm.com”>go  to http://www.arbourpm.com</a> regarding services and our book House Investor’s Manual

2.  Sign up for future blogs (about twice a week) by clicking on RSS feed or if you wish to share post with someone click on share button or if you wish to subscribe add your email where indicated and click subscribe.

I believe some property managers charge a higher percent for lower rentals than the higher rentals, which help level the playing field. else

1  Lambert Munz  MPM, RMP

Buyer consultant and property manager

Visit www.arbourpm.com regarding our services

and our book store at www.expert-landlord-resources.com/resourcestore.html

featuring my book House Investor’s Manual

2. We have discontinued comments  because of irrelevant comments and link

hookers. If you wish to contact me I welcome you to do so at propertymanager@arbourpm.com

Sign  up for future blogs (about twice a week) by clicking on RSS feed or if you wish to share post with someone click on share button or if you wish to subscribe add your email where indicated and click subscribe