Monday, November 13. 2006
Test Drive: Neighboroo Posted by Craig
in TechBiz, Leasing & Marketing, Acquiring at
18:24
Comments (0) Trackbacks (0) Test Drive: Neighboroo
There are a host of web-based real estate tools out there for anyone looking to acquire, revalue, or manage their properties. What I see out there is that because of the last few years being dominated by moving of single family homes, almost all of these tools are geared for the buyers with that intention.
However, there has to have been some thought put into these online services that allows for them to be easily used by those of us who are in the business of finding, acquiring, and reassessing rental housing. Hm. Neighboroo. The apparent purpose of Neighboroo is to throw up some nice regional statistics such as Crime (they apply their own weighting system to this, giving more weight to "violent", versus "property" crime), Politics, Elementary School Rankings, Cost of Living, and Median Income per zip code, on a google map of the US. The pros: Very simple interface, with obvious left hand navigation. The data provided is actually useful in doing some very top-level, simplified analysis for a given region. Nice, quick snapshot. Plus, this is a brand-spankin’ new company, and I’m honestly not even sure where they plan on going with this. I just happened across it while searching for similar internet sites. The cons: Not really deep on the data side. Sure, it goes down to zip code, you can even type a specific code in and get your results in an arrowed bubble, but many times zip code isn’t precise enough a measure when sniffing around a potential new investment area. And the “Population Density� section concerning race is a bit, well, racy for my taste. For an investor of my variety, the only color I’m ever concerned with is green. The rest is a waste of my time. Side note: What would be REALLY cool is if there was a time-warping feature where one could see stats like these from the past. Perhaps it would help clue an investor in on income/population/rental value trends. Perhaps. All-in-all, I’m going to chalk Neighboroo up as a “work in progress, with much promise�. Wednesday, November 1. 2006
Section 8 Series: Landlord ... Posted by Eryn
in Leasing & Marketing at
06:45
Comments (0) Trackbacks (0) Section 8 Series: Landlord Responsibilities
Although your local housing authority is responsible for facilitating the Section 8 program, as a participating landlord you still must take many responsibilities upon yourself to ensure your personal success with the program.
Tenant ScreeningWhen a tenant qualifies for the Section 8 program, the housing authority is not responsible for screening the tenant's previous rental history or background. The Section 8 information packet makes it clear that admittance into the program in no way indicates the reliability of a tenant. Housing authorities strongly advise that all landlords conduct their own tenant screening process before accepting a Section 8 tenant. However, you must remember to comply with all fair housing laws and equal opportunity requirements. Rent and Deposits As the landlord, you're responsible for collecting security deposits and the tenant's monthly rent portion. It is not the responsibility of the housing authority to enforce tenant payments. You can initiate normal eviction procedures if a tenant refuses to pay the rent. In addition, it is your responsibility to inform the housing authority if a Section 8 tenant refuses payment. Continue reading "Section 8 Series: Landlord Responsibilities" Friday, October 27. 2006Test Drive: MapVine
In our modern times, out there on the internets you can find an increasing number of Landlords who are creating websites specifically for the purpose of marketing their rental properties. You might be considering getting into this game, and you’re wondering exactly how you might want to display your inventory, visually, on your site.
Well here’s a nifty little web-based program from the Rentvine camp which they've cleverly named MapVine, that is The Google enabled and will make the mapping production for your site virtually headache free. We made one for ourselves, just for kicks, to make sure it wasn’t a bunch of hype. Check it. Everything is free. And they’ll even be hosting your specific map on their server(s), which is nice. Unless their servers go down, or are simply sold off. This is addressed in the rather hilarious Terms of Agreement page. Great quote: We do try to make it work the best we can, but since it is free, you get what you pay for if something goes wrong. Got that right. Their system was a tad slow, but it was a high-traffic time of day when I was tinkering with the thing, so take that however you’d like. I’m still pretty impressed. I uploaded three different map elements: A traffic jam, a homeless guy’s corner that I’m renting out, and a favorite bar that I’m pretending to sell. The whole process took me a whopping ten minutes DURING high internet traffic time. All-in-all, it’s a pretty badass little tool that will keep you from having to code, so you can concentrate on more important things. Like getting those units filled. Wednesday, October 25. 2006
Section 8 Series: A Look Inside ... Posted by Eryn
in Leasing & Marketing at
16:27
Comments (0) Trackbacks (0) Section 8 Series: A Look Inside Landlord Incentives By now you've probably heard about the Section 8 program. For more information on your local Section 8 program, contact the local housing authority and ask for an information packet. The packet is a valuable tool that provides a general overview of the program and outlines the processes involved. It also lists various incentives for landlord participation. Before you make the final decision about your involvement, you should consider several points. I'm not advocating a particular course of action, but want to clarify these points to help you make an informed decision about program participation.The Section 8 program is a federally funded initiative to give disadvantaged families a chance to find affordable housing in the neighborhoods of their choice. The idea behind the program is a solid one with advantages for both landlords and tenants. While the incentives for tenants may be obvious, landlords may have to examine the program a little more closely to see if it's best for their business. Section 8 participation is strictly voluntary and can be a symbiotic relationship for all parties involved. The advantages for landlord participation in the program are listed in the information packet provided by the Housing Authority and include:
Wednesday, October 18. 2006
Section 8 Series: What is the ... Posted by Eryn
in Leasing & Marketing at
07:45
Comments (0) Trackback (1) Section 8 Series: What is the Section 8 Program? If you're a professional in the real-estate industry, it's only a matter of time before you'll need to make an informed decision about your involvement with the Section 8 program. Landlords typically become involved in this program in one of two ways. Either they wait until they are approached by a family that holds a housing voucher, or they proactively register their properties with the local housing authority and become informed in advance. I believe that true professionals shouldn't wait until they are approached. Serious real-estate professionals should arm themselves with information so they can make the most educated decisions possible. So what exactly is Section 8? The Section 8 program, also known as the Housing Choice Voucher Program, is a federally funded initiative to help provide individuals and families that meet the program's criteria with affordable rental housing. The program falls under the jurisdiction of the Department of Housing and Urban Development. However, local housing authorities distribute, monitor, and enforce all program benefits. Families who fit certain criteria of disability can choose rental properties in the private rental market, and the government assists with their monthly payments. Criteria for admittance into the Section 8 program are established under the Code of Federal Regulations (24CFR5.403). The WorkWORLD website includes the full definitions of these criteria. Continue reading "Section 8 Series: What is the Section 8 Program?" |
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