Houses For Rent In Reno Nevada

Is foreclosure the right choice for Reno homeowners?

A list of things to think about when contemplating foreclosure.

CASE FOR FORECLOSE
» Shorter time frame for personal liability from lender compared to short sale.

» "Free rent" while foreclosure process goes through the system, giving financially strapped homeowners time to save before moving out.

» Severe negative equity that won't be realistically recouped.

» No choice. Homeowner rejected for a short sale, modification, or any other homeowner program.

REASONS NOT TO FORECLOSE
» Lender can come after you to recoup some of their losses on the mortgage.
» Severe credit hit.
» Foreclosure limbo. Your uncertain financial situation could linger if foreclosure process drags on.
» Tax liabilities.
» Emotional impact and stress.

Source: RGJ Research

» Department of Housing and Urban Development (HUD): Features a comprehensive selection of resources for distressed homeowners. Details: http://tinyurl.com/4f89xea
» Consumer Credit Affiliates: HUD-approved counseling service, 3100 Mill Street, No. 111, Reno. Details: 775-337-6363
» Washoe County Senior Law Project: Provides legal assistance for homeowners facing foreclosure, including non-seniors. Details: 775-328-2592 or e-mail slawproj@washoecounty.us.
» Nevada Foreclosure Mediation Program: Homeowners who receive a notice of default can request mediation with their lender through the program, which is overseen by the Nevada Supreme Court. Details: 775-687-9816.

Rental Houses in Reno NV: Corazon Real Estate Property Managers to ...

( press release distribution ) Whether you’re tenants looking for houses to rent in Reno NV, or landlords in Reno looking for tenants, it’s of utmost importance that you remember that a house or apartment is only as good as its land lord or property management company, according to Charles “Tony” Chinnici, a rental houses in reno nv property management specialist with Corazon Real Estate, family-owned real estate company specializing in rental houses in Reno, NV.

“Regardless of the condition your rental is in prior to moving in, issues are going to come up during the tenancy and having good property management will mean the difference between living in constant need of repairs and living in comfort and safety,” said Chinnici.

“You’ll not only want to size up the property managers, but sizing up the Reno rentals themselves though price, location, and size is equally important,” he added.

Following are 3 points of interest that the Reno NV real estate and property management specialist would like to bring to renter’s attention:

1) As a renter, when you move into a Reno rental house or rental apartment in Reno, know that a security deposit will be required. This shows trust to the Reno property manager that the rental is going to be cared for, and provide them with funds for repairs in case it’s not. This trust should be mutual in a rental agreement.

2) When looking at rental house in Reno NV, there are a few questions you should ask the property managers. Is there a probability the owner will sell the house in the future? If the owner is thinking of selling the property in the near future then maybe you can make arrangements to buy the rental. Your rental agreement could stipulate a portion of your rent goes toward a down payment on the rental house.

3) Ask if certain utility bills such as electric, water, trash and cable are included in the rent. These questions should be asked before signing a rental contract so that you know what you are paying for. You should also find out the availability of your future property managers. Some property managers are not very accessible after you’ve laid down the dough for rent and deposit. For the best experience of Reno rental houses, CorazonRealEstate.com is a highly trusted property management resource.

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