SellingNorthernNV

Quality Real Estate News and Market Data

Welcome To My Blog...

 Joshua Talayka
REALTOR
Cell: 775 220 1630
985 Damonte Ranch Pkwy, Ste. 110
Reno, Nevada (NV) 89521
January 2012
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Higher Closing Costs in Real Estate Transactions

Posted By Josh Talayka on January 23, 2012

According to a survey performed by Bankrate, we have seen a significant increase to closing costs associated with mortgage originations. On a nationwide average, closing costs have increase 8.8% over the last year. This increase has primarily been attributed to the increased work lenders have to perform in order to approve a mortgage application under the ever tightening lending regulations.

Related Posts:

FHA Financing with Credit as Low as 500
The New Wall Street Reform Law
Loan Program for Doctors

Should you have any questions or need further information,
please don’t hesitate to contact me, (775) 220-1630
Or visit my website: www.SellingHomesinReno.com

Joshua Talayka
NAR designated: Short Sale & Foreclosure Resource
Chase International
Office: 775 850 5900
Toll Free: 877 922 5900
Cell: 775 220 1630
Fax: 775 850 5901
985 Damonte Ranch Pkwy, Ste. 110
Reno, Nevada (NV) 89521


Commercial Real Estate: Increasing demand in the Hotel Market

Posted By Josh Talayka on January 20, 2012

According to preliminary data from Costar, there have been a growing number of investors who have been purchasing property in the U.S. hotel and hospitality sectors.

http://www.costar.com/

Being luxury expenditures for most consumers, the Hotel and Hospitality was among the worst hit segments of the commercial market during our recession. As a result, the majority of buyers jumping into these types of acquisitions are finding it easy to find distressed assets in core locations at extremely discounted prices.

In addition to low prices, the Hotel and Hospitality industry has also begun to see a steady increase in occupancy gains. This increase in occupancy has translated into a growth in the average expected revenue per room.

According to the recent Hotel Investors’ Gauge by Smith Travel Research Analytics and www.HotelNewsNow.com, 81% of investors surveyed are actively pursuing acquisitions. In addition, over 50% of those surveyed believes that occupancy rates will return to peak levels by 2012.

Related Posts:

Commercial Leaseback Transactions on the Rise
Commercial Investors Jump Back into the Market
Commercial Real Estate Sees Improvement

Should you have any questions or need further information,
please don’t hesitate to contact me, (775) 220-1630
Or visit my website: www.SellingHomesinReno.com

Joshua Talayka
NAR designated: Short Sale & Foreclosure Resource
Chase International
Office: 775 850 5900
Toll Free: 877 922 5900
Cell: 775 220 1630
Fax: 775 850 5901
985 Damonte Ranch Pkwy, Ste. 110
Reno, Nevada (NV) 89521


Investment Properties: Precautionary tips for avoiding bed bugs

Posted By Josh Talayka on January 16, 2012

There’s a growing threat that has steadily been infesting properties all across our country. Every year more and more reports of bed bug infestations are being reported, and almost every property type (residential, multifamily, hotels, and even some commercial) is at risk. The threat has become even greater as bed bugs have started to become resistant to many pesticides traditionally used to combat this problematic enemy.

With the substantial costs that can be incurred for treating bed bugs, the impact to your bottom line can be significant if one or more of your investment properties are infected. Here are a few precautionary tips that will help keep you from ever having to experience a bed bug infestation:

Amending your Lease Agreements

With the growing concern of bed bug infestations, many states and municipalities have already begun enacting laws and ordinances that will help to protect landlords from tenants who introduce bed bugs into the properties they rent. However, since these laws only exist in a few areas of the county and because it can be almost impossible to prove that a tenant is responsible for an infestation, it may be beneficial to include additional clauses in your lease agreements that address bed bugs prevention. For example: a clause that would make it a violation for the tenant to bring into the property any discarded or used furniture.

Early Detection

Since bed bugs can spread rapidly (especially between units in multi-family properties), it’s essential that their presence be detected as soon as possible should an infestation occur. If you’re not already doing so, you should be inspecting your property at least every six months in order to check the smoke detectors, HVAC filters, etc. However, it would be wise to add a quick check for bed bugs to the list of items. The simplest method of detection without bringing in a pest inspector is to inspect the mattresses and other furniture inside the home. Their presence will be evidence by a red residue along the seams which is produced after they feed. (Be aware that this type of self inspection will not produce the same level of results as bringing in a licensed inspector. This is not a recommendation to avoid having a professional inspection performed.)

Bed Bug Detection

Should you have any questions or need further information,
please don’t hesitate to contact me, (775) 220-1630
Or visit my website: www.SellingHomesinReno.com

Joshua Talayka
NAR designated: Short Sale & Foreclosure Resource
Chase International
Office: 775 850 5900
Toll Free: 877 922 5900
Cell: 775 220 1630
Fax: 775 850 5901
985 Damonte Ranch Pkwy, Ste. 110
Reno, Nevada (NV) 89521