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Gerald Lucas

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What An Home Oil Tank Scan Report Actually Tells You, G's Rule Of 3, Single Family Home Construction % Increase YOY

May 10, 2022 Gerald Lucas

What An Home Oil Tank Scan Report Actually Tells You

Real Estate Tip:

Get at least 3 difference contractor estimates on any real estate renovation projects you are considering taking on. Make sure each estimate is for exactly the same scope of work so you can make an apples to apples comparison.

Real Estate Insight:

As of February, there were 799,000 single-family homes under construction across the U.S., up 28% from a year earlier.

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Tags Gerald Lucas, real estate tips, real estate strategies, oil tank, compromised, metal detector, oil tank scan report
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How The Massive Labor Shortage Is Affecting Real Estate, Tip For Landlords To Maximize Their Rent Roll, Investors Moving Toward Newly Constructed Homes?

May 3, 2022 Gerald Lucas

How The Massive Labor Shortage Is Affecting Real Estate

Real Estate Tip:

When you rent a property, set up all appointments to show the property at the same time--this saves you time and creates more urgency for tenant applicants to make a decision.

Real Estate Insight:

More than one in every four houses purchased by a professional rental investor in the 4th quarter of 2021 was a new construction home--brand new homes were only 3% of what these investors bought during the 3rd quarter of 2019.

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Tags Gerald Lucas, real estate tips, real estate strategies, mortgage interest rates, home price increases, homeowner purchase power, home buying demand
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What Homeowners Should Do When They Can't Pay Their Mortgage, Home Renovation Risk, How Much US Office Space Is About To Expire This Year?

April 26, 2022 Gerald Lucas

What Homeowners Should Do When They Can't Pay Their Mortgage

Real Estate Tip:

Think twice before sinking a lot of money into a home renovations like granite counter tops, pricey fixtures and fancy alarm systems--on average, capital improvements add only 50% of their cost to a home's value!

Real Estate Insight:

243 million square feet of U.S. office space are set to expire in 2022--about 11% of all leased office space in America.

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Tags Gerald Lucas, real estate tips, real estate strategies, mortgage interest rates, home price increases, homeowner purchase power, home buying demand
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