Remove Insurance Remove Investors Remove Legal Remove Renovations
article thumbnail

Make Your First Investment Property an Attractive and Profitable Option

Cleveland Appraisal Blog

You’ve just purchased your first property to renovate. Today, Cleveland Appraisal Blog shares a few tips for first-time investors. Let the Renovations Begin! When you’re figuring out how much money you can put into your property, don’t forget to calculate renovations. Decide on How to Proceed.

Investing 332
article thumbnail

8 Essential Steps on How to Rent Out Your House: A Comprehensive Step-by-Step Guide

Movoto

If you’re considering relocating for a more ambitious endeavor, check out the best rental markets for investors. Ideally, you’ve renovated and updated the property to modern standards, as this will allow you to successfully obtain an amount on the higher end. Check resources for your local areas for the best properties.

Tenants 36
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Auctions see high owner-occupancy rates for foreclosed homes

Housing Wire

It is counter to a popular and politically potent narrative grounded in the aftermath of the Great Recession, when large institutional investors scooped up thousands of properties at foreclosure auction. The role of renovators. Most of these reverted REOs are eventually sold via the Multiple Listing Service (MLS). I buy local.

article thumbnail

Attracting More Appraisal Business

Cleveland Appraisal Blog

Investors who need a value of a home before and after the proposed repairs are made, sometimes use appraisers. People may want to hire someone to take photos of personal property items that they would like to document that they possess for insurance purposes. Appraisals are also often needed for tax appeals and for private cash sales.

Business 393
article thumbnail

What Do Property Management Companies Do? (And How to Vet Them)

The Robert Weiler Company

Most building owners and multi-family real estate investors don’t realize that property management companies can completely relieve them of the day-to-day administration of property, prospects, and tenants. Do they have established relationships with local companies who can assist with maintenance and/or renovations?

article thumbnail

The REO Guide: 10 Steps to Buying a Bank-Owned Home

PennyMac

Many potential homebuyers and investors overlook bank-owned properties, but for buyers who take the time to understand the REO process, these homes can be a significant opportunity. The lender initiates legal proceedings against the borrower to foreclose on the property. Foreclosure. Step 6: Make an Offer. Step 10: Closing.

article thumbnail

Anatomy of a Commercial Real Estate Appraisal: A Top 17 Q&A Guide

The Robert Weiler Company

If you’re reading this article, you will likely need a commercial real estate appraisal for property being sold, mortgaged, taxed, insured, or developed. Investors can place their confidence in a licensed commercial real estate appraiser, especially one who is reputable and familiar with the local market.