Tag: dc fawcett real estate tricks

Dc Fawcett Reviews – Risky Situations in the Real Estate Profession Dc Fawcett Review

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Real estate is not a hazardous profession. However, there are some dangers involved in real estate. In this article, Dc Fawcett Review a real estate entrepreneur some dangers lurking in the real estate profession.

Beware of first time clients

Strangers are always to be feared and this is the same with new clients too. First time clients are new faces. You don’t know who they are. They may be stalkers, thieves, alcoholics, drug addicts, looters and big time criminals. So beware of them.

Open houses are dangerous

Open houses are dangerous. When an agent holds open houses, he advertises on where and when he is going to hold it. There have been several incidents occurring during such home showings.

Some have been reported in news channels. Once when an agent was holding an open house, a laptop was stolen. He was working alone and a pair came and turned his focus away. Yet another incident was: 2 agents were holding an open house when a couple walked in.

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The man reeked of alcohol and both of them were blabbering. The agents sensed that something was wrong with them and immediately took some steps to prevent harm. One held a pepper spray and stood at the front door while the other walked the people into the house.

The former agent called her husband and when he came, those two intruders ran away. There was also an incident where a real estate agent was holding a home showing alone.

Then suddenly the agent saw some untidy clothes in the basement. The agent called the owner and he said that there was nobody living there. Then suddenly after sometime the owners came with the police and found a man there.

It turned out that he was living in the basement for some months without the knowledge of anybody. Such incidents show that home showings should be done alertly. Agents must call neighbors, family members and relatives to be present at the open houses lest anything happens.

If they cannot stay till the end, they must be there at least at the beginning and the end. They can alert the security guards of the home. If nobody can come from your family or friends, at least inform them about the open house. Also do an open house with a companion – a fellow agent. Inform brokers, fellow agents and others from the office.

Foreclosed or empty homes

Such homes may have previous owners refusing to vacate. They may be badly illuminated and have deadly animals coming inside. Such houses may be occupied illegally by people who specialize in doing so.

When you show homes of strangers

You may sometimes have to show the homes of people whom you don’t know. This is dangerous since you don’t know the homeowners. Even if you have just met them a couple of times and don’t know them really well, it is still a problem.

Conclusion

These are some of the dangers lurking in the real estate profession as reviewed by Dc Fawcett. For tips on how to encounter them and safeguard against them, read Fawcett’s article on tips to safeguard against real estate dangers.

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Dc Fawcett Tips On How To Handle Absentee Landlords

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Absentee landlordism is a kind of landlordism in which owners buy properties but they are not onsite. They often manage the properties with the help of a property management company which performs     so many functions like marketing, arranging home inspections, taking care of repairs and emergencies and so on. Absentee landlords usually buy properties abroad and they leave the country to their own country. Thus they are absentee landlords. Absentee landlordism comes with a host of positives and negatives. To get a deeper insight into the pros and cons of absentee landlordism read Dc Fawcett’s articles on pros and cons of absentee landlordism. In this article, Dc Fawcett gives tips on how to handle absentee landlords.

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Pay rent in time

Some absentee landlords especially those new to absentee landlordism find it difficult to hire property managers. Thus they find it difficult to collect rent. Many tenants of absentee landlords usually pay rent late. They take their own time. Don’t do this. Pay your rent in time and you will be in the favorable books of the landlord and in times of emergencies and otherwise also, you will be entitled to more benefits.

Home inspection is crucial

A rigorous home inspection is crucial and you should make sure that all fixtures, home appliances, HVAC, roofs, taps and others are in good condition. When you move in and when you move out, everything must be in good condition. Document all faults and make them legal. Take photos and date them. Stamp all the papers.

You need to adapt to the situation

Flexibility is the order of the day and as a tenant of an absentee landlord, you should be adjustable. For instance: you break an equipment in your house and you want it to be replaced. Decent landlords will remove the old one, buy a new one and replace the old one. The landlord facilitates and pays for everything but in case he is an absentee landlord, the distance does not allow him to arrange these things. You will be asked to do it yourself and pay for it. It is better to do so instead of making it an issue. In this case, absentee landlords will have a good impression on you.They will adopt a friendly attitude towards you and continue to help you out in your future issues. You should maintain a very good relationship with absentee landlords since they live at a distance. If you don’t do so, you will be overlooked and your complaints will be ignored.

Conclusion

These are simple tips given by Dc Fawcett for handling absentee landlords. Dc Fawcett is a real estate entrepreneur and investor and gives tips for many real estate investors. He is an expert in investing in areas where he does not stay. He is an expert in virtual real estate and purchases properties by taking into account domain names, websites and online services.

Steering Clear Of The Rental Scams – Dc Fawcett Tips

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Introduction

Scammers are looking for means to cheat the victims and making them believe that they are genuine. The worst part is that these individuals who fall a trap to the scammers are unsuspecting. There is a huge sum of money involved in real estate deals and hence it becomes essential to be well-equipped with the way the scammers operate.

In some cases you may not have the guidance of the real estate agent and the scammers will take advantage of this. Now let’s look at some essential things to be considered so that you don’t yield to these scams.

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  • Now we will see some of the easy frauds. Scammers repost the legitimate apartment ads by giving their address and telephone number. The means they seek here is internet. When the person who wants the buy the property communicates with the poster the latter gives lame excuses. Then how does he get the money? This he does so by making the potential buyer giving him a sum to reserve the space. Then the con artist runs away with the money.
  • The great surge of foreclosures paved way to several vacant properties that are targeted by these scammers. The scammer just breaks the lock of the building, and masks himself in such a way that he is the professional. He displays the property to potential renters. The worst part is that when the unsuspecting tenant moves in he will realize later only that building is not under the ownership of the scammer.
  • Legitimate realty agents or investors don’t promote their business in a way that violates the law. When you realize that the marketing strategies are free then it is not up to the mark.
  • When you are having rental transactions with foreign buyers you should possess a backup. Money laundering is prevalent in such cases.
  • Generally the buyers would never disclose sensitive details and this is more so in case of financial information. So when some buyer is telling even the minutest detail then you should be very careful.
  • In case of security deposit the tenant should not opt for cash payment. This is also the same in the case of the first month’s rent. It is should be noted that legitimate landlords ask for only the regular checks.
  • The tenant should get a copy of a written lease from the landlord. This should surely have the signature of the landlord.
  • The tenant should not go for renting without even seeing the space that he is going to live. The tenant should make it clear to the landlord that he wants to see the space.
  • It is prudent that the tenant gets to see the landlord in person. In this way he will get to know more about the landlord.
  • There are several scam artists who will get all the seller’s details in the open house. Then this becomes a reason for them to con the seller by posing as a real estate agent.

Conclusion

Scammers are rampant and they show as though they are legitimate professionals. So the need of the hour is to be extra careful with such people.

DC Fawcett is the founder of the Virtual Real Estate Investing Club and has experience in various aspects of real estate including rehabbing, vacant houses etc.