Call Don for Property Management

A property manager takes the landlord or owner's place in the daily duties of managing PEI real estate which is offered for rent. These include maintaining the building and grounds including handling repairs with regard to tenant's space as well as common space, cleaning, and implementation of any improvements that the owner may wish to make.

In addition, a property manager may look after the financial and business end of property rental as well. This includes renting the properties, including doing a financial check on prospective tenants, as well as paying expenses for trades and workers providing services to the rental property, real property taxes, insurance etc. In a situation where a property manager is handling all aspects of operating the rental property, the owner is simply providing the capital necessary to own the property and has nothing to do with day-to-day operations unless there is a major problem.

Don brings to property management his business and financial background as well as contruction and renovation experience. Combined with his knowledge of PEI real estate, he is in a unique position to help you find and purchase new rental property as well as manage both this and any other rental properties that you have.

It is important to have someone experienced working for you. Don is a landlord himself. He knows the ropes!

Ultimately, the property manager acts as the liaison between the owners and the tenants of a property. As such, their responsibilities are as great, if not greater, than that of an owner. Tenants generally expect all of the same things from a property manager that they would from an owner, and owners expect a great deal from a property manager as well. Don is your liason with your clients and the source of your revenue, the tenants, and can be relied upon to judge the needs of every situation, keeping tenants happy while keeping your PEi real estate investments profitable.

Don LaRose

Services I can Provide or Help You With!

As your PEI real estate professional, and with my experience in finance and home construction, I can help you, either personally or by putting you in touch with other qualified professionals, in the areas of:

• Buying PEI real estate
• Selling PEI real estate
• Mortgages & Financing
• Appraisals & Price Evaluations
• Surveys
• Perk Tests
• Construction
• Home Inspections

Give me a call or email me today and put me to work for you

Don LaRose

Financing your PEI Real Estate Purchase

Don LaRose and Century21 Northumberland Realty are pleased to be able to help you secure financing for your next PEI real estate purchase. Be sure to talk to Don about financing through Centum Financial Services. Don has a background as a mortgage broker and can be instrumental in helping you not only just to secure a mortgage, but to get the best possible rate. Lenders base mortgage rates on your credit score.

This is a number between 300 and 900 that represents your total creditworthiness and is referred to as your Beacon or FICO score. Don reminds you that your credit score is vital knowledge when applying for a loan and your score is available through credit reporting agencies such as equifax and transunion. Before home-buying it is crucial to know and understand what is on your credit report and to make any necessary corrections. Realize that if your credit score is under 600 you will have a much harder time securing a mortagage and it will cost you, in terms of a higher interest rate. You should follow this 5 point plan to a successful mortgage application and purchase of PEI real estate:

1. Ensure that all Bills are Paid on Time. Setup convenient ways to pay such as on the internet or through your ATM.
2. Save Money by first saving a Down Payment. You want to show potential lenders that you are financially responsible. You should begin a savings plan to ensure that you have at least a 5% down payment plus your real estate closing costs on hand. An additional sum for potential repairs as well as to cover you in times of sickness will add to your credibility.
3. Pay Your Rent on Time. This is self-explanatory, do not make your landlord come calling! If you are breaking a lease pay all penalties. A lease is a legal contract with legal ramifications and can affect your credit score if not handled correctly.
4. Reduce Your Credit Card Debt. Pay off as much consumer debt as possible, as this type of debt weighs heavily against your credit score plus it eats up potential for a higher mortgage as it is taken into consideration by lenders when determining the mortgage payment that they feel you can afford.
5. If you are Pre-Approved don't make a New Major Purchase. Be aware that if your debt load changes due to a major purchase, lenders need not follow through on your pre-approved mortagage. So close the home deal first and then buy the car!

Centum Mortgage Calculators

Don's Best Buys in PEI Real Estate

I have looked for the best buys in PEI real estate and created a page just for these properties that represent great value for money. I encourage you to view these PEI real estate listings with a view to seeing if any would suit your needs. If you see something that takes your interest contact me today as with the value these properties represent I would hate for you to hesitate and be disappointed.

Helping you in your Search for PEI real estate!

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