There ought to be a revelation with respect to any property holder' relationship before your customer makes the buy. Beside the divulgence, enable your customer to ask the correct inquiries, for example, what the affiliation's arrangements are and how stable they are financially.There is likewise a Preliminary Title Report or Title Commitment, which ought to contain any data with respect to easements. If anybody intends to put a pool in the back yard, it is critical that you get some answers concerning any easements or privileges of route, as an easement can stop the plans to construct the pool, a fence, and different augmentations.#IssamShalhoub

1. Issam Shalhoub | Real
Estate Tips

2. Most "guru's" are
currently spouting
about how good real
estate investments
can be.

3. Good Insurance
Number one is not an
option - its a necessity.
Ensure your asset is
fully insure both normal
house insurance and
extras like tenant
damage and loss of
rental income. Given a
disastrous tenant this
can lessen the pain.

4. A bargain isn't always a bargain
When purchasing a house
remember to be very
careful. Don't buy on
emotion. Never buy without
visiting it several times on
different days and times. I
know of a nice suburb that
has nice houses with big
yards, but the smell of the
local slaughter house is
enough to make you want to
vomit. Remember you only
become aware of such
things by visiting the house
personally.

5. Do it yourself
Unless you have a huge
portfolio of real estate
under your control try to
do it yourself and you
will save a lot more. If
you engage a real esate
agent to rent your
house they will charge
between 10%-15% of
the rental income, in
return you get very little.

6. There is more than Rent
Remember to factor in the rise in
real estate prices. You may be
able to buy a cheap house in a
country town, but if that town has
shown no growth and is unlikely
to grow then you will not be able
to resell the house at the later
stage for a much increased price.
What creates regularly increasing
house prices is even increasing
demand. Be careful buying in
places like a mining town or a
town with one industry, mine
resources are limited and one
industry towns can turn into ghost
towns overnight if the main factory
closes.

7. Good tenants are worth keeping
If you have good tenants
who are looking after the
house, you don't alway
have to keeping raising
the rent every year with
the general market
increase - reward good
tenants and increase your
likelihood of retaining
them by giving them a
discount on the market
rate.

8. If the tenant puts in a
garden and trees and other
landscaping, the capital
value they are adding to
your property may mean
you should not hit them with
the highest possible rent.
tenants who damage a
house or fail to pay rent can
cost a fortune. It normally
takes 6 weeks or more to
evict a non-paying tenant,
that can mean a big loss,
doubly so if you are paying
the mortgage.

9. Thank You