Comments for San Jose CA Real Estate http://www.san-jose-ca-real-estate.com San Jose Real Estate Blog Sun, 22 Apr 2012 22:13:32 +0000 hourly 1 http://wordpress.org/?v=3.1 Comment on Q&A: Will a car dealership next door hurt property value? How much? by estielmo http://www.san-jose-ca-real-estate.com/qa-a-dealership-hurt-property.htm#comment-645 estielmo Sun, 22 Apr 2012 22:13:32 +0000 http://www.san-jose-ca-real-estate.com/qa-a-dealership-hurt-property.htm#comment-645 It's not likely to be a 'car dealership' at this point in the economy. But if the house is next to a commercial property you should already price that into your offer. The value should not go down further unless they build a strip club or massage parlor there. Make it your business as a citizen to follow the process. It’s not likely to be a ‘car dealership’ at this point in the economy.

But if the house is next to a commercial property you should already price that into your offer. The value should not go down further unless they build a strip club or massage parlor there. Make it your business as a citizen to follow the process.

]]> Comment on Q&A: Will a car dealership next door hurt property value? How much? by colanth http://www.san-jose-ca-real-estate.com/qa-a-dealership-hurt-property.htm#comment-644 colanth Sun, 22 Apr 2012 21:30:41 +0000 http://www.san-jose-ca-real-estate.com/qa-a-dealership-hurt-property.htm#comment-644 Being next door to ANY non-residential use will lower the value. Hire a real estate broker who's been in the business in that part of town for at least 10 years to give you a loss of value estimate. It can vary all over the place - it's very location-dependent. Being next door to ANY non-residential use will lower the value. Hire a real estate broker who’s been in the business in that part of town for at least 10 years to give you a loss of value estimate. It can vary all over the place – it’s very location-dependent.

]]> Comment on When should I start applying for a rental property? by bull_rooster_aardvark http://www.san-jose-ca-real-estate.com/applying-a-rental-property.htm#comment-620 bull_rooster_aardvark Fri, 20 Apr 2012 19:38:06 +0000 http://www.san-jose-ca-real-estate.com/applying-a-rental-property.htm#comment-620 I expect to hold a property 30 days for a new tenant but don't like to go over 45 days. Less than 30 days is fine so long if the tenant gave proper notice (if the tenant is leaving without giving proper notice I always suspect they'll do the same to me, and this is a big red flag not to rent to this guy). So, I'd start looking about 2 months out, or more, but don't expect to be able to sign the lease until 60-45 days out, or less. I expect to hold a property 30 days for a new tenant but don’t like to go over 45 days. Less than 30 days is fine so long if the tenant gave proper notice (if the tenant is leaving without giving proper notice I always suspect they’ll do the same to me, and this is a big red flag not to rent to this guy). So, I’d start looking about 2 months out, or more, but don’t expect to be able to sign the lease until 60-45 days out, or less.

]]> Comment on My Home’s property value? by AltanK http://www.san-jose-ca-real-estate.com/homes-property.htm#comment-601 AltanK Sun, 15 Apr 2012 15:12:07 +0000 http://www.san-jose-ca-real-estate.com/homes-property.htm#comment-601 You must think I can see the future. Let me look into the future . . . If the apartment complex is a luxury high rise complex in high demand, then your property value will go . . . . up in value. If the apartment complex units rent for much more per square foot then the suburban houses then your property value will go . . . . up in value. If the apartment complex units are assisted housing units or section 8 units or comparable then your property value will go . . . down in value. If the apartment complex units are designed for income levels that match your neighborhood then your property value will go . . . stable for the short term. I hope you don't mind me teasing you a bit. I had fun with your question. ### You must think I can see the future. Let me look into the future . . .

If the apartment complex is a luxury high rise complex in high demand, then your property value will go . . . . up in value.

If the apartment complex units rent for much more per square foot then the suburban houses then your property value will go . . . . up in value.

If the apartment complex units are assisted housing units or section 8 units or comparable then your property value will go . . . down in value.

If the apartment complex units are designed for income levels that match your neighborhood then your property value will go . . . stable for the short term.

I hope you don’t mind me teasing you a bit. I had fun with your question.
###

]]> Comment on My Home’s property value? by Oldmansea http://www.san-jose-ca-real-estate.com/homes-property.htm#comment-600 Oldmansea Sun, 15 Apr 2012 14:16:32 +0000 http://www.san-jose-ca-real-estate.com/homes-property.htm#comment-600 Why do you assume that your property will decrease in value? If you have some real reasons why, you should go to the city council and complain that your property is losing value due to construction of this nature. Why do you assume that your property will decrease in value? If you have some real reasons why, you should go to the city council and complain that your property is losing value due to construction of this nature.

]]> Comment on My Home’s property value? by Jeff http://www.san-jose-ca-real-estate.com/homes-property.htm#comment-599 Jeff Sun, 15 Apr 2012 14:05:04 +0000 http://www.san-jose-ca-real-estate.com/homes-property.htm#comment-599 You might find Brian Evan's website useful. http://budurl.com/foreclosuregold Good luck! You might find Brian Evan’s website useful.

http://budurl.com/foreclosuregold

Good luck!

]]> Comment on Q&A: How long do I have till I get kicked out? Foreclosure question? by foreclosurefish http://www.san-jose-ca-real-estate.com/qa-kicked-foreclosure-question.htm#comment-592 foreclosurefish Sat, 14 Apr 2012 14:30:13 +0000 http://www.san-jose-ca-real-estate.com/qa-kicked-foreclosure-question.htm#comment-592 You may have about 7 months to stay in the property if the bank is not starting the foreclosure process until January 11, or thereabouts. This is because Illinois has a redemption period before the property is sold at sheriff sale. This period would give your landlord time to catch up the payments, refinance, sell the property, etc. Once the home goes to sheriff sale, it is usually about 30-45 days after that that the sheriff will actually evict everyone from the property. You should get at least a 3-day notice before the sheriff and eviction crew show up at the building. As long as the bank does not declare the building abandoned, then your landlord will have the redemption period to find a solution and stay in the property. Good luck. ForeclosureFish http://www.foreclosurefish.com/ You may have about 7 months to stay in the property if the bank is not starting the foreclosure process until January 11, or thereabouts. This is because Illinois has a redemption period before the property is sold at sheriff sale. This period would give your landlord time to catch up the payments, refinance, sell the property, etc.

Once the home goes to sheriff sale, it is usually about 30-45 days after that that the sheriff will actually evict everyone from the property. You should get at least a 3-day notice before the sheriff and eviction crew show up at the building.

As long as the bank does not declare the building abandoned, then your landlord will have the redemption period to find a solution and stay in the property.

Good luck.

ForeclosureFish
http://www.foreclosurefish.com/

]]> Comment on Q&A: How long do I have till I get kicked out? Foreclosure question? by trblmkr30 http://www.san-jose-ca-real-estate.com/qa-kicked-foreclosure-question.htm#comment-591 trblmkr30 Sat, 14 Apr 2012 14:19:55 +0000 http://www.san-jose-ca-real-estate.com/qa-kicked-foreclosure-question.htm#comment-591 The landlord is an idiot - he could have possibly sold the property before it went into foreclosure. As for how long you have, first off, quit paying rent. Right now, the only place the rent is going is into the landlord's pocket, and since he's not paying the mortgage, there's no reason to pay him. This should allow you to save some money to put down for security deposit. Also, you should ask for, in writing, your security deposit back. Send it certified, and if you get nothing, take the landlord to court in small claims court. As for notice, I'm sure they'll give you very little notice. I'd call the county offices and ask them how long it has been since the foreclosure sale. Then ask them how long is left on the redemption period. That's probably how long you have left in your apartment. Good luck on finding a new place - you probably want to do it soon. The landlord is an idiot – he could have possibly sold the property before it went into foreclosure. As for how long you have, first off, quit paying rent. Right now, the only place the rent is going is into the landlord’s pocket, and since he’s not paying the mortgage, there’s no reason to pay him. This should allow you to save some money to put down for security deposit.

Also, you should ask for, in writing, your security deposit back. Send it certified, and if you get nothing, take the landlord to court in small claims court.

As for notice, I’m sure they’ll give you very little notice. I’d call the county offices and ask them how long it has been since the foreclosure sale. Then ask them how long is left on the redemption period. That’s probably how long you have left in your apartment.

Good luck on finding a new place – you probably want to do it soon.

]]> Comment on Q&A: How long do I have till I get kicked out? Foreclosure question? by Nek http://www.san-jose-ca-real-estate.com/qa-kicked-foreclosure-question.htm#comment-590 Nek Sat, 14 Apr 2012 13:45:49 +0000 http://www.san-jose-ca-real-estate.com/qa-kicked-foreclosure-question.htm#comment-590 Is there any chance the new owner will let you stay? I know that is what happened to my apartments last year. We had no clue it had foreclosed till after it happened. Is there any chance the new owner will let you stay? I know that is what happened to my apartments last year. We had no clue it had foreclosed till after it happened.

]]> Comment on Q&A: How long do I have till I get kicked out? Foreclosure question? by Tim B http://www.san-jose-ca-real-estate.com/qa-kicked-foreclosure-question.htm#comment-589 Tim B Sat, 14 Apr 2012 12:52:20 +0000 http://www.san-jose-ca-real-estate.com/qa-kicked-foreclosure-question.htm#comment-589 You are involved in a situation where your rental payments could be easily stolen.. contact an attorney to preserve your rights... Or just rent another apartment if that looks like an easy way to deal with the mess... You are involved in a situation where your rental payments could be easily stolen.. contact an attorney to preserve your rights…

Or just rent another apartment if that looks like an easy way to deal with the mess…

]]> Comment on Q&A: who to rent to while property values wait to go up ? by Plays with Squirrels http://www.san-jose-ca-real-estate.com/qa-rent-property-values.htm#comment-582 Plays with Squirrels Fri, 13 Apr 2012 12:49:35 +0000 http://www.san-jose-ca-real-estate.com/qa-rent-property-values.htm#comment-582 Hi Bigguy, You're a good dad. We have a rental condo and it never has fully paid the mortgage, HOA, taxes etc. since we purchased it 4 years ago. The potential negative cash flow that you may incur from lowering the rent may not be all that bad because you can write-off the loss. Depending on your current income and other factors, this may actually be more beneficial than realizing positive cash flow (it is for me at least). Check with your tax accountant or do some research so that you can understand the full effect of the operating loss on the investment. It doesn't have to effect your decision to rent to your daughter, but it may give you a heads-up about what to expect at tax time. Hope this helps :-) Hi Bigguy,
You’re a good dad. We have a rental condo and it never has fully paid the mortgage, HOA, taxes etc. since we purchased it 4 years ago.

The potential negative cash flow that you may incur from lowering the rent may not be all that bad because you can write-off the loss. Depending on your current income and other factors, this may actually be more beneficial than realizing positive cash flow (it is for me at least).

Check with your tax accountant or do some research so that you can understand the full effect of the operating loss on the investment. It doesn’t have to effect your decision to rent to your daughter, but it may give you a heads-up about what to expect at tax time.

Hope this helps :-)

]]> Comment on Q&A: who to rent to while property values wait to go up ? by mimiingermany http://www.san-jose-ca-real-estate.com/qa-rent-property-values.htm#comment-581 mimiingermany Fri, 13 Apr 2012 12:14:40 +0000 http://www.san-jose-ca-real-estate.com/qa-rent-property-values.htm#comment-581 In this tough economic market, good renters are hard to come by. I would certainly take a lesser rent payment in order to have tenants I know are safe, respectful of my property and with whom I already have a good relationship. Plus you are helping your daughter and s-i-l, always a plus. Don't forget you are still gaining equity in the home. Over the years, I have rented my personal home (while I was living out of the country) to my neighbor's children. They couldn't afford much, but they were willing to vacate at my convenience since I was about to move back to America, plus my neighbor was dying of cancer and it really helped her to have her daughter next door. I've also rented one of my apartments to a very close friend, charged her less money than I probably could have rented the unit for, but knew that she would keep a close eye on my property for me, and indeed she did let me know about a problem with another tenant that I was able to handle early on before it became a bigger problem or an issue with the maintenance of my property. Good tenants are worth a little extra cash, think of the peace of mind knowing that family is living in and caring for your home. Best of luck to you! In this tough economic market, good renters are hard to come by. I would certainly take a lesser rent payment in order to have tenants I know are safe, respectful of my property and with whom I already have a good relationship. Plus you are helping your daughter and s-i-l, always a plus. Don’t forget you are still gaining equity in the home.

Over the years, I have rented my personal home (while I was living out of the country) to my neighbor’s children. They couldn’t afford much, but they were willing to vacate at my convenience since I was about to move back to America, plus my neighbor was dying of cancer and it really helped her to have her daughter next door. I’ve also rented one of my apartments to a very close friend, charged her less money than I probably could have rented the unit for, but knew that she would keep a close eye on my property for me, and indeed she did let me know about a problem with another tenant that I was able to handle early on before it became a bigger problem or an issue with the maintenance of my property.

Good tenants are worth a little extra cash, think of the peace of mind knowing that family is living in and caring for your home. Best of luck to you!

]]> Comment on I am interested in buying residential property in Dubai for earning rent out of that, any suggestions please.? by DUBAI 1 http://www.san-jose-ca-real-estate.com/buying-residential-property-dubai-earning-rent-suggestions.htm#comment-580 DUBAI 1 Thu, 12 Apr 2012 14:00:21 +0000 http://www.san-jose-ca-real-estate.com/buying-residential-property-dubai-earning-rent-suggestions.htm#comment-580 i have a property for sale do you have 1000000 $ US to buy it i have a property for sale do you have 1000000 $ US to buy it

]]> Comment on I am interested in buying residential property in Dubai for earning rent out of that, any suggestions please.? by tripper http://www.san-jose-ca-real-estate.com/buying-residential-property-dubai-earning-rent-suggestions.htm#comment-579 tripper Thu, 12 Apr 2012 13:17:20 +0000 http://www.san-jose-ca-real-estate.com/buying-residential-property-dubai-earning-rent-suggestions.htm#comment-579 If you are rich enough, dubai gives you every thing you need to be a king! But there is some mortgage possibilities that are described at this page: http://dubai-mortgages.blogspot.com There is very new project that is completed. The world-shaped 300 islands! They are planning to accommodate 250.000 people there.. There will be some possibilities .. If you are rich enough, dubai gives you every thing you need to be a king! But there is some mortgage possibilities that are described at this page:

http://dubai-mortgages.blogspot.com

There is very new project that is completed. The world-shaped 300 islands! They are planning to accommodate 250.000 people there.. There will be some possibilities ..

]]> Comment on I am interested in buying residential property in Dubai for earning rent out of that, any suggestions please.? by h http://www.san-jose-ca-real-estate.com/buying-residential-property-dubai-earning-rent-suggestions.htm#comment-578 h Thu, 12 Apr 2012 12:25:17 +0000 http://www.san-jose-ca-real-estate.com/buying-residential-property-dubai-earning-rent-suggestions.htm#comment-578 Please visit the links giving below regarding buying property in Dubai: http://archive.gulfnews.com/uae/uaessentials/more_stories/10098161.html http://archive.gulfnews.com/uae/uaessentials/more_stories/10098161.html The following links give you an overview about property prices: http://www.propmart.net/buy-property-in-dubai.asp http://www.marvelhomesdubai.com/ http://www.primeestate.gr/english/dubai_real_estate.htm http://www.homesdubai.com/ http://www.emaar.com/ Of course you can rent out your studio/flat but please be aware, that many properties are not allowed to be rented out short term. Many investores thought about making fast money by renting out apartments to tourists. In most areas this is not allowed no more! Laws in the UAE are changing fast without prior notice. For a landlord not living here the best thing to do is, to rent the flat out to a well reputated company which will sublet it to managers etc. for a certain time. This way you will have a long term rental contract and do not have to bother with people moving in and out and also do not have to worry about the rent getting paid. Take care. Please visit the links giving below regarding buying property in Dubai:
http://archive.gulfnews.com/uae/uaessentials/more_stories/10098161.html
http://archive.gulfnews.com/uae/uaessentials/more_stories/10098161.html

The following links give you an overview about property prices:
http://www.propmart.net/buy-property-in-dubai.asp
http://www.marvelhomesdubai.com/
http://www.primeestate.gr/english/dubai_real_estate.htm
http://www.homesdubai.com/
http://www.emaar.com/

Of course you can rent out your studio/flat but please be aware, that many properties are not allowed to be rented out short term. Many investores thought about making fast money by renting out apartments to tourists. In most areas this is not allowed no more! Laws in the UAE are changing fast without prior notice.

For a landlord not living here the best thing to do is, to rent the flat out to a well reputated company which will sublet it to managers etc. for a certain time. This way you will have a long term rental contract and do not have to bother with people moving in and out and also do not have to worry about the rent getting paid.

Take care.

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