MANAGEMENT:
Powerhouse Realty has created a synergistic model of property management between owners & tenants. The basic premise of spending money to make money applies. Our roster of "partners" provide quality housing which in turn attracts quality residents. Our intiail screening, bi-monthly visits, and prompt repsonse to repairs or impending legal action, reduces the turnover rate and thereby increases the bottom line for our "partners." Our methodology has proven successful for residential, commericial, condo associations and court/bank approinted receiverships.
RECEIVERSHIPS:
Our strategy is to provide synergy between PPM and our clients, to secure, maintain, and eventually, to dispose of our clients properties in a concise, compassionate, professional, and cost efficient manner. With our collaborative efforts we will create a value added proposition for our clients, while alleviating the day-to-day issues of property maintenance. PPM has the experience and resources to evaluate, secure, maintain and or market your asset cost effectively and with the highest degree of professionalism.
Powerhouse Premier Management (PPM) operates state of the art asset management and financial software to ensure the financial accuracy of your REO’s, Non-Performing Notes, Troubled Condo /Co-Op Association, or Real Estate Holding. Our knowledge and experience with Equator, Yardi Property Management ,Socrates, or simple Excel spread sheets for smaller properties create concise reporting for our clients.
Agents of Powerhouse Realty Manage, Lease & Consult for the following:
-Chase-Receivership
-BCB Bank-Receivership
-Edgewood Capital Advisors-Receivership
-Essex & Hudson County Superior Court-Receivership
-Soni Holdings-Residential Management
-Modern Development-Consulting
-Urban League of Essex County-Sales/Consulting
-Oritani Savings Bank-Receivership
-Capital One Savings-Receivership
-1st United Bank-Receivership
HERE ARE SOME OF OUR PROPERTIES LOCATED BELOW IN NJ:
Buying Investment Property Tips:
Determining Cash on Cash Return
-What does this mean?
Determining the return on investment against your deposit.
Ex: If you put down a $100,000 deposit and after income and expenses you're left with $9,000, your cash on cash return is
9%.
Questions?
Powerhouse Realty
1549 Springfield Ave.,
Maplewood, NJ 07040
Phone: 908 391-1136
Fax: 973 763-5099
E-mail: Rspears10@aol.com
Or use our contact form.
Tip of the Week:
ESTATE HOME TIPS
Selling an estate property by default can be a difficult process. The emotional loss can be overwhelming. This is why it is imperative that you surround yourself with a team that will patiently guide you through the disposition of the property.
1) Make sure your paperwork is in order. Who is named as executor or adminstrator for the estate? Has the paperwork been filed with the county?
2) Hire an attorney that understands family law as well as real estate law if possible.
3) Does your realtor have experience in estate sales? Often the estate may not have the proceeds to address issues, such as clean outs, repairs or possibly relocation. Does your realtor have the resources to assist? As a whole, empathy and patience should be your guiding light until the closing!
Show Off Your Home!
Quick fixes before selling always pay off, but don’t over improve. Instead, do repairs that will pay off and get you what the home is truly worth. Best advice is to paint all the walls a neutral color, lighter colors open up the space. De- Clutter prior to listing your home… fix leaky faucets and keep the home clean at all times. For higher end homes consider staging (with a professional) to show the houses best light. Finally, depersonalize the home as much as possible. Although it’s emotionally difficult, eliminate family pics and certain art pieces that reflect you. A buyer wants to imagine themselves in the property so a blank canvas is best.
Learn more about how to sell your property.
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