People approach the whole idea of owning a second home from a hundred different perspectives simply because a second home can answer so many different purposes. If you are an Elma homeowner at the stage in life where making retirement plans is becoming a more immediate imperative, you might want to buy a second home as a vacation destination—but one which is also a tryout for your family’s future center of operations. Those who have spent a good amount of their lives in cities sometimes seek a s...
Every landlord has had the feeling at one time or another that a prospective Walestenant may not be a good choice. Call it a hunch, or intuition—but something tells you that this tenant may be trouble down the road. There is more than enough riding on the decision to make you want to pay attention to your instincts, but that’s where being aware of the dos and don’ts of tenant management comes into play. You need to protect your business and property, but in so doing, you also need to heed out...
Okay, granted: a new family home won't fit under the tree...
This year, Elma TVs have been filled with commercials that mix Santa with new automobiles. If you believe the ads, a number of automakers apparently offer models that will fly like reindeer onto driveways for big boys and girls who are sufficiently nice. One do-gooder is portrayed stitching up Santa’s ripped tunic in an act of selfless un-naughtiness that earns him a new sedan on the big day.
I’m pleased to say we haven’t...
Your East Aurora home is your castle, sure—but it’s also a great deal more than that. In addition to being the place where you relax after work, spend time with family, and generally live your life, it’s also the most substantial investment most people ever make. Much of its prominence is due to the many advantages homeownership brings in the personal financial realm.
In addition to the ongoing tax savings its mortgage provides, it’s the home equity—the difference between market value and...
Suppose your Realtor® helped you land a prime Wales rental investment property—and you’ve been more than content with the result. Your longtime tenant proved to be conscientious and dependable, with resulting passive income that has been quietly building your bank account with very little oversight from you. In short, your Wales rental investment has made you a very happy landlord.
But now, that smooth sailing may be nearing an end.
Your tenant rings you up with the news. Even though she...