Real estate is defined as property such as empty lots, houses and apartments. Many Americans invest in real estate during their lifetimes. A significant percentage will also choose to make additional real estate investments. Speculation in real estate can have many benefits, including tax advantages and the ability to use property owned as leverage to finance other investments. Finding the … (more…)
Now that most of our children are back to school it is time to think about providing them with the tools to succeed. The first thing that typically pops into a parents head is how do I keep my child organized? I would like to say that I have that natural ability to stay organized but I don’t so I … (more…)
Several years ago, I decided to enclose an open space by adding a wall. It looked pretty basic, and I thought I could do it myself. I had the studs cut and delivered, along with the drywall, and set about the task. All went well until the taping and mudding – what a mess! I soon realized that my new … (more…)
Property owners and savvy investors are able to rent real estate in up as well as down markets. A few proactive measures may help you avoid rental losses. Prepare yourself for emergency repair calls and tenants who pay late. According to Microsoft (MSN) Real Estate, “Tenant screening is perhaps a landlord’s most crucial task.” Perform a credit check and … (more…)
I am a “Boomer.” Growing up, I came to believe that the biggest part of the American Dream was to own one’s own home and that, above all else, I should strive to buy a house as soon as I reached adulthood and was able to do so. This principle I passed on to my own children as well. And … (more…)
As a member of the St. Louis community, property owner and property manager in Ferguson Missouri, it saddens me to see how the Ferguson Riots have caused Ferguson and St. Louis to be portrayed in the national media over the past week.
I have been asked by several of my clients and investors over this past week about what actions … (more…)
In the November/December 2012 issue of Personal Real Estate Investor Magazine, Scott Sekel wrote an excellent article about St. Louis as an opportunity for Real Estate Investment. Joseph Ord, President of AMOSO Properties was featured prominently as a resource to the article.
Much of the economic environment that was fueling the speculation at that time has since changed. The … (more…)
Home to the giant Gateway Arch, St. Louis is a center of art, outdoor recreation, sports, music and dance. The city offers museums and galleries, wineries, golf and places to hear classical music, blues and jazz. It also hosts both the St. Louis Rams football team and the Cardinals baseball team, as well as the St. Louis Zoo, Washington University … (more…)
Plumbers can be expensive, often charging more than $100 an hour to fix your leaking toilet. If you have just a few basic skills, you will save money by taking care of the most common toilet repair problems yourself. Toilets today have the same basic parts and usually need one of a few simple fixes. However, you will run into … (more…)
Even if you have only been a homeowner or tenant for a few years, you have no doubt purchased pictures, clocks, mirrors and other pieces of art for the walls in each room, hallway, entryway, etc. of your living space. If you have been a long-term owner or tenant, you have probably changed your decor more than once and, with … (more…)
Clayton is a major business district in St. Louis, Missouri, second only to the downtown area in business density. Clayton boasts some of the city’s finest eateries as well as many restaurants and cafés that serve freshly prepared international cuisine. If you’re looking for a quick lunch or casual sit-down dinner, try … (more…)
Termites can be an insidious and destructive pest once they enter a building. Many Termite Treatment tools exist which exterminators can use to try and rid houses of termite infestations. Unfortunately, a lot of these tools are not available on the open market, mostly because of their expense and level and specialization. However, curious homeowners may wish to know exactly … (more…)
Cleaning and maintenance for your lint trap and dryer vent is easy when you know what to do. Checking your lint trap and dryer vent should be done on a regular basis. Cleaning your lint trap should be done before each new load. Simply remove it and pull all the lint from the trap. On occasion you can vacuum what … (more…)
St. Louis Zoo named #3 in the World!!
The St. Louis Zoo was just awarded the Number 3 spot on TripAdvisors.com list for Top Zoos in the World. I repeat, thats in the World!! Another Great Reason to Live in St. Louis. For Tips on how to have fun day at the Zoo Review our recent blog post about … (more…)
Any homeowner will admit that s/he would love to have great gardens and landscaping. Admit it – you drive through your neighborhood and always have a bit of envy, and maybe a tiny bit of anger, over that one yard that puts every other one, including yours, to shame. How many hours must they be spending – hours that no … (more…)
The Magic House, St. Louis Children’s Museum is truly a place of wonderment for your kids. Your kids won’t realize how much they are learning because they are having so much fun.
The goal of the Magic House is to encourage hands-on learning experiences that encourage experimentation, creativity and the development of problem-solving skills.
The Magic House – History of.… (more…)
Every American has the right to rent the property he wants to live in, regardless of ethnicity, race, handicap status or family situation. Although several acts and court decisions dating back to the Civil Rights Act of 1866 made allusions to equal opportunity housing, it wasn’t until the Civil Rights Act of 1968 was passed that enforcement of fair-housing legislation … (more…)
Preventative pest control is a must. You should take care of any insect problems you may have because summer is their favorite time of the year. Taking care of the problem right away is always best this keeps them from laying eggs and multiplying in your home. You probably won’t have … (more…)
A kitchen remodel is perhaps the most expensive project in a house, other than a room addition. And financing this type of renovation is tough, especially if you are like me. I don’t ever want to take out a loan for renovation, so I have only one choice – it has to be done in increments. A Kitchen remodel on … (more…)
You will find that St. Louisans are VERY proud of their Zoo. They should be! It is a wonderful Zoo that has great exhibits and is always a great day out for the family. Another great benefit of the St. Louis Zoo is that admission is FREE. With careful planning you and your family could spend the entire day at … (more…)
HUD, or the U.S. Department of Housing and Urban Development, was developed under President Lyndon B. Johnson’s “Great Society” program in 1965 and today is still responsible for making homes affordable for low-income families. HUD has a wide range of programs, the most popular of which might be its mortgage and loan insurance program, but the agency … (more…)
Refrigerator Coils – Easy Cleaning Method
According to a a refrigerator repairman it a good idea to clean your your Refrigerator Coils twice a year. The refrigerator can use up to 15 percent of your home’s total power, so you want it running as efficiently as possible. Over time, the refrigerator coils get dirty and your fridge requires more juice. … (more…)
When it comes to Property Management, you have to know your town. Your house is a small piece of the bigger picture that is the city it is located in. You should know what your city has to offer its residents. You … (more…)
Paula Hess wrote an excellent article about the Increase in Single Family Rental Homes nationwide and the challenges that a Property Management Firm can face while dealing with a lot of single family homes. Another big take away for this article is how important it is for the single family rental owner to have … (more…)
According to CNN.com, the number of foreclosures in 2009 reached an all-time high record. With such high numbers of foreclosures taking place, renters are often directly impacted. Despite the turmoil of a foreclosure, recent legislative changes provide tenants with several legal rights even if the ownership of a building changes hands.
Prior to 2009, a lease … (more…)
Biannually it is nice to give your house a deep clean. Some call this spring cleaning. Take one Saturday every six months with your whole family, and give the whole house a proper deep clean. Some households may need more than one day and that is alright. Some families are larger than other. Appliances, windows, dusting every nook and cranny … (more…)
No one thinks about his/her patio or deck until spring, and sometimes it is definitely depressing! The patio concrete is old and tired looking, and there are ugly cracks that can no longer be hidden with furniture and planters. The deck stain that is only a year old is already fading and peeling, and the thought of power-washing, stripping and … (more…)
Dennis Norman with St. Louis Real Estate News, takes an interesting approach at determining the best area in the St. Louis Metro area to buy Investment Real Estate. By looking at the median rental rates and median vacancy rates and then comparing it to the median home value … (more…)
Carbon monoxide (CO) is a colorless, odorless, and tasteless gas that is slightly less dense than air. It is toxic to humans and animals when encountered in higher concentrations. Carbon Monoxide poisoning is the most common type of fatal air poisoning in many countries.
Carbon Monoxide is Dangerous!
The most common symptoms of carbon monoxide poisoning may … (more…)
A strange bit of human nature – in our homes, we probably spend the least amount of time in our bathrooms, and yet, when people look for a home to buy or rent, the bathroom is really important!
Perhaps it is the impression one thinks may be made to guests in his/her home; perhaps an owner or tenant simply wants … (more…)
If you are a Landlord or Property Manager, at some point you will face an irate tenant or other tense tenant relations. This has nothing to do with how good a landlord you are, but rather normal life situations.
Imagine it is 95 degrees outside and your Air Conditioner just stopped working. What do … (more…)
Clean range hood filters. If you’ve never thought of doing this, you’re in for a real “treat” when you get that filter off the hood to clean it for the first time. The Family Handyman suggests simply using a degreaser from an auto parts store mixed with hot water. Let the filter sit for a few … (more…)
When you purchase a home or a piece of investment property, you do so with the understanding that a certain amount of remodeling/renovation will be required before you are satisfied with its condition. Some of this renovation may include repairing wall disasters.
Repairing Wall Disasters
When you look at all of the renovation that you may have to incur, … (more…)
Tools you will need as a Property Manager
This is not some metaphor for learning how to identify different personality types, their personality temperaments or strategies for conflict resolution. This post is literally about the actual physical Property Manager Tools you or any rental property owner, should have. We will start with the most basic and work our … (more…)
Flooring Ideas for Property Management
When tenants move out, or when a new property is bought, there will always be repairs and renovations – count on it! Hopefully, you have set money aside from your rental income for these inevitable costs. If you are a do-it-yourselfer, however, you can save a lot, and there are other ways to save … (more…)
Using Trusted Vendors and Contractors
Anyone who owns more than one rental property and any good property manager knows the importance of reliable trusted vendors. Vendors are any service provider. Basically if you or your property manager is writing a check to them, they are a vendor.
Some vendors you don’t get to choose, like municipality inspectors or utility … (more…)
Finding the Right Property Management Company
I am a landlord. Like many who have gone before me, I thought I could handle property management all by myself – what’s a few phone calls from tenants if something breaks down, right? How much time could it take to screen potential tenants and run credit/background checks, right? Not so much! If … (more…)