Evaluation of Rental Property

June 2, 2009 · Shokoofeh Nowbakht · 7 Comments

for-rent How do you evaluate a rental property?
There are many formulas to calculate different income ratios, various expenses and taxes you incur as a landlord. The first thing you should pay close attention to is the existing leases. Find out the current rents, the remaining lease terms and the annual increase in rents for every unit. It is very important to determine how these rents compare to the rents for similar properties in the area? Read more

Home Buying is a Team Work

May 4, 2009 · Shokoofeh Nowbakht · 7 Comments

key Just wanted to share an experience. One of my clients is getting a VA loan to purchase a house. Even though it has been taking longer than we had originally anticipated, it has genuinely been a teamwork all the way through. Buying a house requires all players to work together so that everyone wins at the end. The game started with my client choosing a great mortgage officer and getting preapproved. We then found a house he liked and made a good offer. My client offered the asking price. Did I mention Read more

Can you really buy a house at the San Mateo County Fair?

August 12, 2008 · Karin Cunningham · Comment here

The San Mateo County Fair runs from Aug. 8th- Aug. 17. Our office has a booth and we have been really busy answering questions about home prices, loans, REO’s, short sales and all kinds of stuff! Its a casual environment not like the tidy, quiet and clean office we’re accustomed to. Its fun to chat with people at the fair because the atmosphere is not so “closed in”. We have a binder of homes for sale that fair goers can flip through and get a good idea of what homes are selling for in their favorite neighborhoods. Come join us at the fair! We’ll even sign you up to win an iPod nano!