Cheryl Lee Broker Associate Whether you have a single rental property or you’re rapidly expanding your investment portfolio, you might consider hiring a property manager to manage your rental units. A property manager (PM) works for you as a landlord and engages directly with current and prospective tenants on your behalf. Some of the general responsibilities of a property manager is to collect...
We all know Millennials. They’re the resourceful, creative youngsters who grew up with the latest technology and who are big fans of music festivals and avocado toast. Known as a generation of renters, many Millennials find renting more affordable and hassle-free than buying. But that’s not the only reason they don’t buy. At a time when they should be able to focus on their career, settling down and...
Cheryl Lee Broker Associate Know the state of your market A balanced housing market is usually defined as one with an average inventory of 6.5 months. When inventory lingers well above a period of inactivity, you have a buyer’s market which signals that sellers must get more serious about price reductions, credits and throw-ins. However, these averages don’t necessarily reflect demand in...
Cheryl Lee Broker Associate If you're tired of paying rent with nothing to show for it, and you believe that it's time to get into a home of your own. But you have butterflies and concerns on how to move forward with the process. It's quite normal to feel this way simply because, you are thinking about spending hundreds of thousands of dollars and making probably the most important financial...