(February 27, 2015) The Del Walmsley Radio Show: Beware of The Condo Craze

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According to a recent article brought up by Del Walmsley on this show, condominiums are poised to make a comeback in 2015. But, as Del describes, condos are the last developments to be made in any market and they are the first investments to lose money in any recession. So, on this podcast, Del attempts to find an understanding of why this craze even exists in the first place, but more importantly, he begs this important question to all of his listeners: why would you invest in a piece of real estate when you can have the whole thing?

Comments

  1. DEAR STEVE:
    I HEARD YOU TALK ON THE RADIO AND YOU MENTIONED THAT THERE WERE THREE THINGS I NEED TO GET BEFORE I RENT OUT MY WAREHOUSE. I REMEMBER TWO OF THEM WHICH ARE CREDIT REPORT, POLICE REPORT AND I FORGET THE THIRD ONE. COULD YOU PLEASE E-MAIL ME AND LET ME KNOW. ALSO WHERE DO I GET THESE REPORTS. THE CREDIT FROM THE CREDIT BUREAU, THE POLICE FROM THE POLICE WHAT ABOUT THE THIRD ONE. PLEASE LET ME KNOW . IT WOULD BE VERY HELPFUL.

    THANK YOU AND I APPRECIATE IT.

    MANUEL DELFIN

    • Steve Davis says

      Manuel,

      There are really four things you do when screening a tenant. The credit report and criminal report are the first, and we get those from http://www.ntnonline.com. Then, we call the last two landlords, current and previous. Finally, we verify their income with their employment, making sure they make at least three times the rent.

      However, there is much more to this, and you should take a course like ours to learn all the in’s and out’s of leasing and property management.

      Sincerely,
      Steve

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