TOM & CYNDEE
BROWNER - CRS,
ABR, GRIQUAD CITIES REAL ESTATE WITH RE/MAX
SERVING THE ENTIRE IOWA AND ILLINOIS QUAD CITIES ............................................................
DAVENPORT - BETTENDORF - ROCK ISLAND - MOLINE AND SURROUNDING COMMUNITIES
TOM & CYNDEE
BROWNER - CRS,
ABR, GRI
BROKER OWNERS OF RE/MAX BI-STATE - SERVING IOWA & ILLINOIS
1-563-388-0008 Office - 1-563-388-0083 Fax - 1-866-388-0083 Toll Free - 1-563-570-7629 Cell - 355-1616 Home
Have a question? The answer is just a call or e-mail away. Contact us at tom&cyndee@quadcitiesrealestate.com
We are both Accredited Buyers Representatives (Certified Buyer's Agents) we know you want to make the best decision. You want the best home possible for your investment. We know the market, and we work at your pace and not ours. We will guide you through all the forms, take you through the first time buyer programs and/or financing, inspections and explain everything each step of the way. We take care of all the details and problems before they become a problem to you. Call us on our private line at 570-7629 at RE/MAX BI-STATE or Contact us at tom&cyndee@quadcitiesrealestate.com - LOOKING TO SELL? Check out the services an Certified Residential Specialist can mean to you.
Our Goal is to provide you with the most up to date information and Exemplary Service at all times. Homes are an important decision and a long term investment. When Your Money Matters, you need and deserve the most competent professional help available. We strive to always be on top of the market and to further our education's, that we may be knowledgeable to give you the best service and advice at all times.
THE RENTING RUT OR I LOVE MY LANDLORD
Ever feel like you have adopted your landlord? Well, you should, if you think about it. In 1986 the laws began to change and landlords found that many of their benefits for owning investment property were being taken away. The result is that they now looked to the renters to make up these lost benefits. Rents, as a result, went up and continue to raise every year.
Landlords are in business. The business is renting space to people who do not want to own or can not be motivated to own a home. The more profit that can be earned, the better. Landlord's are in competition for your dollars with other housing options. Therefore, they will take whatever the market will bare, and still maintain minimum vacancy. We are in an area where clean rentals in good areas bring premium rents.
There is more risk in income property than just sitting back and clipping bond coupons or collecting stock dividends. Therefore, landlord's demand greater returns on their investment than if they were clipping coupons.
Landlord's have many expenses: repairs, yard maintenance, snow removal, replacement of heating, air conditioning, roofs, carpet and many other capitol items. He must maintain his profit margins, otherwise there would be no reason to own investment properties. The solution is that you the tenant gets to pay all of these expenses and more.
You get to pay the landlords mortgage, property taxes, insurance, the wages and benefits of his staff. After you have paid all these cost, you get to put your quarters into his vending machines, washers and dryers and other conveniences which earn him additional profits that are not counted in the return on the property investment. If there is a swimming pool, community center, tennis court or other amenities, you get to pay your fare share of these too! You are also allowed to pay his income taxes, leaving him a net, net, net, yield of 20% or more on his investment.
Rents are often equal to and sometimes greater that the cost of home ownership. Why people choose to rent long term is always a surprise to me. They lose principle reduction, appreciation, tax advantages, and in the end, their landlord will own a building. and the tenant will have a stack of receipts.
There are many myths about home ownership, one of the largest is the myth of it takes a lot of money to buy a home. There are many first time buyer programs out there, with various qualifying requirements, to help you. Some of these programs allow you to use multiple programs together to help you purchase your first home. For those of you who have too high of an income to qualify for a first time buyer program, you can still get zero down, 3% down, 5%down conventional or FHA loans. Veterans will qualify for 0 down VA guaranteed mortgages.
Tired of renting, call us today for an appointment to examine your dreams at 388-0008