Columbus and Central Ohio continues to be a seller’s real estate market, with far more buyers than homes available for sale. Homes that are for sale are getting snapped up quickly, with the typical property staying on the market for just 17 days before an offer is accepted. It’s not too much of a surprise, […]
Thinking about moving to Ohio? Consider the great city of Columbus! If you are looking at relocation to Columbus, Ohio, keep reading to learn what all the buzz is about. Columbus is forecasted to be the 5th hottest housing market in 2022. Central Ohio asking prices and transaction volumes are predicted to be double the national average, […]
Almost all landlords agree that their primary consideration when assessing a new tenant is protecting their property and the rental income. A TransUnion survey found that payment problems ranked as the top concern by 84% of independent landlords. They have a good reason to be concerned: the cost of eviction resulting from nonpayment can total as much as $10,000 […]
Mortgage interest rates are going to rise in 2021. The Mortgage Bankers Association in its most recent forecast sees two things that stand out. First, 2020 will prove itself to be the second biggest mortgage year in history. At over three trillion, 2020 will only stand behind 2003 in single family mortgage production history. Second, the MBA joined […]
Know your rights—and the tenant’s, too. Whether you’re looking to take advantage of a seller’s market or simply tired of landlord life, there are plenty of reasons you might need to sell a tenant-occupied property. Sure, it’s your house to sell, but having renters does affect the process. Violating lease agreements or upsetting a tenant could […]
The very first thing for an real estate investor to do when a potential deal is presented is to run an independent valuation, also referred to as “underwriting the deal”. There are three standard approaches to valuing a piece of investment real estate: comparable sales approach, replacement cost approach, and income approach. Comparable Sales. This […]
If you’re an active real estate investor, at some point you’ll likely come across a probate sale. Properties sold through probate can be a good deal, as they’re often priced lower than other comparable homes, however, there are risks and probate sales often take longer than traditional real estate transactions. As a result they aren’t popular […]
There are many reasons why you might find yourself in a position where you must acquire or would prefer to acquire your like-kind replacement property first before you sell your current relinquished property in your 1031 Exchange. You might unexpectedly find an investment opportunity that you must act on before you even have time to […]
Think your property tax bill is too high? If so, it might be a good time to check on your assessment! The county assessment is the basis from which property taxes are derived and the groundwork for your tax bill. In Ohio, county auditors are required to do a full, general reappraisal once in every […]
Cash for Keys is a controversial process. Cash for Keys is the strategy of giving your tenants money to surrender keys and vacate the property, avoiding the eviction process altogether. We have used this technique a couple of times over the years and found great success. However, before throwing money at your tenant, let’s talk […]
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