Tag Archives: Property Management

Aug 14

Increase Wealth with Professional Property Management, DP Realty and Property Management

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I’ve worked with many investors over the years and helped them increase wealth. I’ve been able to help those with below market rents, expired leases, problems finding proper tradespeople to make repairs, accounting issues and those who are not aware of current California tenant disclosure requirements. Sometimes credit reports were never run, criminal background checks, Eviction History and Sex Offender Registry searches never done. DP Realty and Property Management can help you succeed with all the items mentioned above.

Once a new investor comes onboard at DP Realty and Property Management a thorough evaluation of all documents, disclosures and missing/provided booklets is recommended. A discussion with the investor of exactly what should be completed and in what order comes next. Some investors are not aware that the value of income producing property can be determined by what it produces an income. Therefore if your rents are below-market value, your property will also be below market value. A vacancy can be a good thing, if you lose a tenant because of a notice of rent increase, you’ll get to find a new tenant at current market-rents. Working with DP Realty and Property Management allows for more time to strategize about your next financial move.

Providing a proper lease, tenant disclosures and required booklets at the initial tenant signing of documents is the goal. Some Landlords are not aware of the required bedbug, water conserving fixtures and mold disclosures, just to name a few. Proper tenant screening is very important and helps reduce many potential issues down the road. DP Realty and Property Management conducts a full Experian credit report, nationwide criminal background check, a nationwide eviction history and a sex offender registry search. DP Realty and Property Management helps alleviate the headache issues, which allows you to calm down, relax and get on with what’s next in your life. After all, the goal is to collect rents, minimize expenses, accumulate appreciation, trade-up/sell with a profit and stay out of the court system.

A good crew of trade’s people helps make landlord and tenant life more comfortable.  From a really good local handyman, house cleaners who care, smart landscapers, affordable electricians, honest mold and lead abatement professionals, a dependable plumbing outfit and more. DP realty and property management has you covered. DP Realty and Property Management provides a detailed accounting record for your tax professional.

Hiring DP Realty and Property Management helps investors increase wealth and helps create a stress free landlord experience. DP Realty and property management may be able to help you increase your wealth.  The best way to get something done is to begin. Give us a call today or send us an email or send us a text 🙂

Jan 15

Reverse Mortgage or not to Reverse Mortgage?

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1112There’s been a lot of talk about the Reverse Mortgage. I feel it’s a great thing, if you fit the mold. A Reverse Mortgage is a special type of mortgage that enables homeowners 62 years or older to strategically tap into their home equity. There are good and bad reverse mortgages so it’s important that do your homework, work with somebody who you feel is trustworthy and make sure you get into one of the more preferred reverse mortgage products.

Three things are needed to begin, your age(s), current loan(s) balance and the property value. That’s it! One great thing about a reverse mortgage is you no longer will have mortgage payments, you only need enough money to pay property taxes and homeowners/fire insurance and you may be able get those funds from the Reverse too. All funds are tax free.

Yes, you can get into a brand-new home with a reverse mortgage. Yes, a 1 to 4 unit building qualifies if one unit is your primary residence. Yes, a line of credit can be established. Yes, you can receive monthly payments. Yes, you can get funds for a new roof, kitchen remodel, fence or that vacation you’ve been wanting. Seniors need funds to stay in their home (age in place).

I’ve had clients pay off their current loan(s), do needed/wanted home improvements, receive ongoing monthly payments, receive a line of credit(which can grow in value over time) and go on vacation, all with a Reverse Mortgage.

It will probably become a very popular way for many to retire, yes retire! The Journal of Financial Planning suggests using Home Equity to Supplement Retirement Income. Here is the link:http://www.nrmlaonline.org/rms/research_papers.aspx?article_id=1117

You can be late or really late on your current mortgage and still qualify for a Reverse Mortgage. There is no credit score Criteria. One day after a Bankruptcy you may qualify. Get educated. Visit Brokerdavesblog.com or call me direct at 925-360-1222

The mortgage must be repaid in full when the last remaining borrower permanently vacates(industry standard is six months, with 2-3 month extensions as needed) the residence or if/when the Reverse Mortgage is paid off, any remaining equity in the home belongs to your heirs. You make the final decision to proceed with a reverse mortgage or not. You owe it to yourself to check it out. Get educated, a Reverse Mortgage may change your life.