Monday, November 23, 2009

I'm personally feeling the Real Estate market getting busy here in Sunny Scottsdale, AZ. It seems like you aren't getting any calls on your rentals and all you can tell your distressed owner's is reduce the rent, reduce the rent. It's a terrible call to make as you have to show the owner how much the market has decreased, how low the rents are as opposed to even a year ago.

BUT, This home buyers tax credit is causing a delay in peoples new leasing motivation. Can I buy? The answer is probably, yes. Even with the tightening of the regulations if you've been moderately responsible with your credit you most likely can qualify for some financial program.

On the flip side I am getting a lot of calls - almost all at once when properties are priced right. Pricing them through MLS comps is NOT likely going to get the home rented fast. You need to go outside of the box. Get a feel for the area, the demographic and then you will have a strong foundation of who to market to once your pricing is best. At, Legendary Investment Group, we know the East Valley Market. We get to know the owner's situation, financially, etc. Only then can you provide the most substantial service to your client and you can take all of these into account when pricing rentals. If you find that you will not be able to meet their expectations it may not be a good fit to represent them. We are just shy of miracle workers and we do our darn near best to take care of our clients and that means being realistic.

www.legendaryinvestment.com click on featured listings to view our last few amazing rentals home available.

Over the weekend I traveled to San Francisco along with my boyfriend’s mother. Before obtaining my green designation through the National Association of Realtors I never noticed things like recycle bins or nucleus where you can work live and play mass communities. On my journey upon landing I saw words, like sustainability, and green building everywhere. The airport was trash bins were accompanied with futuristic recycle cans with organized separations for paper, plastic and cardboard. Advertisements were geared green, for example, Sprint advertised green internet with a tiny plug in. No larger than your standard mini td jump drive stick.

While riding the Bart I couldn’t help but notice the compressed residential living that seemed to endlessly continue. Each one had a millisecond for viewing. We chose to not rent a car, that all we would need we could travel by trolley or foot.

According to the US Census Bureau; San Francisco County has a population of approx 808,976 as of 2008 with approx 9,999 per square mile while Maricopa County has a population of 3,954,598 has 333.8 per square mile. Let's see what that ratio is

Pop/people per square mile:
SFCOUNTY: 808,976/9,999 = .012
MARICOPA: 3,954,598/333.8 = .00008

We are so much more spread out, our resources are more limited yet, because of the tangible things in our life... the things we can see, smell or touch we turn our face on our environment. Just because it doesn’t immediately affect someone doesn’t mean you are excused from your actions. I realize our needs as far as SF congestion, pollution, and the like are not comparable to ours but if we are going to recover, if we are going to build than we should create a foundation that can sustain growth. If we were to implement a few things here and there a strive to create a better public awareness when we do grow, and I hope we do, we can be innovative and earth wise. That's technology and the readiness of growth and expansion to me. (BTW, a Walgreens recently obtained their LEED certification) WOW! There they frown on negligence and naivety to the 4R's and here it seems it's the opposite.

Green isn’t weird...Green isn’t Tree hugger, It's actually the opposite. Check out www.inhabitat.com. Some of the new (up cycled) things coming out are a little crazy but they are all cutting edge and conscious!

Here’s a GREAT LINK www.planetgreen.discovery.com/work-connect/green-ideas-thankful.html
16 Green Ideas you should be thankful for!

*** Another rental, one not under my management, had a tenant evicted and then all the appliances stolen from.... AGAIN. What is happening here. Where is the justice when you know WHO is doing this!

The PHX police department still hasn’t gotten back to me on what to do next with one of my listings same scenario. RUN CREDIT CHECKS. MEET THE RENTERS IN YOUR HOME, assumed or sight unseen. Hire someone to be your local rep.

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