Posts Tagged ‘Rent’


Rent vs Buy?

Sunday, June 23rd, 2013
Should I rent a home or buy one?  This article looks at the financial and intangible factors of the rent vs buy decision

Should I rent a home or buy one? This article looks at the financial and intangible factors of the rent vs buy decision

What is the Timing on When I Should Rent vs Buy?

By Bob Preston

There are a lot of good reasons to rent in the current real estate market but the nagging question prevails… rent vs buy?  Some people like the flexibility and mobility of renting.  It gives them the ability to move quickly if they need to or live in a place temporarily while scoping out the local real estate market for a long term buying opportunity.  In other cases, renting is a matter of economics.  Either way, the rent vs buy decision is a tough one.  From a basic financial model, however, interest rates are on the rise so we were wondering what the impact might have on the affordability of buying moving forward.  Here are some interesting facts found in a recent article in Forbes Magazine.

The recent rise in mortgage rates has made buying a house a little more expensive: the increase in the 30-year fixed rate over the past month from 3.4% to 3.9% (Freddie Mac) raised the monthly payment on a $200,000 mortgage by $56, or 6%. However, because mortgage rates are still near long-term lows, and because prices fell so much after the housing bubble burst and remain low relative to rents even after recent price increases, buying is still a good deal compared to renting. That means that the recent jump in rates doesn’t change the rent vs buy math much.

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Social Media Property Management

Wednesday, March 6th, 2013
Is there a place for social media property management.  North County Property Group article believes it is important to finding upscale tenants.

Is there a place for social media property management. North County Property Group article believes it is important to finding upscale tenants.

Social Media Property Management

By Bob Preston

Is the real estate market still in the dark ages when it comes to finding a property to rent or lease? Sure, Craig’s List and other online rental sites have emerged to make the process of finding a new home easier but the vast majority of Property Management firms are still old school and not using social media property management to their advantage.  What do I mean by old school? Well, if you want to find the best and brightest tenants you have to have your property visible where they communicate. Let me tell you, that’s not walking down the street and peering through the glass at printed flyers of homes for rent. Nor is it flipping through a Rolodex and calling their contacts. Nope, the best, brightest, and most well-to-do tenants today are finding properties online. Further, chances are they’re doing it on their mobile smartphone or tablet. looking at social media property management to find their connections, and not from their computer. North County Property Group has embraced social media in property management and is leveraging it through our 10-Point Marketing Program to find high caliber tenants and get properties rented fast  through FacebookTwitter and YouTube in addition to online advertising on rental sites and other traditional means (signs, flyers, open houses, etc.)! (more…)