HomeRun Homes Rent to Own Homes Blog

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HomeRun Homes is a centralized marketplace which helps people Find or Sell a Rent to Own Home, both Nationwide and Globally to the thriving Rent to Own Market. http://www.lease2buy.com

September 20, 2010

4 Years Until a Housing Bottom ?

Hi Folks,
   I hope you had a great weekend, and welcome back. I'd like to thank all of our contest winners from Friday, and be sure to watch for new contests coming up very soon.

   "The Case for a Housing Bottom in 2013-14" - does that stun you? How about the following analysis; "Bubbles tend to rise and fall in symmetry, meaning that a bubble that took seven years to reach its apex typically takes about the same period to time to retrace to its starting point.". These are just a few of the points mentioned in an article on DailyFinance.com by Charles Hugh Smith. The article is worth a read, and for those who own multiple properties, take something for your stomach acid before reading the article.

   On a similar note, there are some important housing numbers being released this week:

   Tue 9/21 - Loan Performance Housing Price Index (MORE INFO HERE)
   Tue 9/21 - New Residential Construction (MORE INFO HERE)
   Wed 9/22 - FHFA House Price Index (MORE INFO HERE)
   Thu 9/23 - NAR Existing Home Sales (MORE INFO HERE)
   Fri 9/24 - New Residential Sales (MORE INFO HERE)

   It's worth it to take a look at these numbers as they come out. There are a million theories out there regarding the economy and the housing market. Is the sky falling? Well, for a lot of folks, it already has.

   I like to look at it as follows: The "Chicken Little" is someone who runs around claiming that the sky will fall, the "Optimist" is one who has the intestinal fortitude and cash reserves to stay the course and stay positive. The remainder are those who have lost their jobs and their homes. It is a sad mix, with a disproportionate amount of people falling into the remainder category.

   You know what? We are a strong country that has been through many hardships before. With a little optimism in the darkest days, the days of prosperity will return...they just have to. Everyone knows this. The questions is..."WHEN?".

Stay Strong !

Have a Great Week, and Happy Rent-to-Owning !!

September 17, 2010

Lucky Number 100 !

Good Morning,

   As you may be wondering about the odd title of this post, today we're celebrating our 100th Blog Post (Woo Hoo!). In looking back over the past 99 previous posts, we have listed our top 5 posts (based on traffic and votes), in descending order:

#1: "5 Tips For Buying a Second Home/Condo for Investment or Vacation"

#2: "Has the Housing Market Impacted Curb Appeal?"

#3: "Short Sales - What Do You Need to Know?"

#4: "Are Timeshares Truly Related to Real Estate Investing?"

#5: "Right Time to Buy? Top Real Estate Investing Markets"


CONTEST NEWS FLASH:


   We want to take the time and thank you for being loyal readers of our Blog, and we invite you to receive a hard copy (PDF) of some of our earlier posts ("oldies, but goodies").
   For the first 10 people who send an E-mail to homebuyer@lease2buy.com with the subject, "Lucky Number 100 Blog Contest", we will send you a copy of this via return mail.

   Did you send the mail yet? These contests close very quickly, so don't delay.

   We hope to post 100,000 more entries that will entice you, inspire you, and enlighten you.

Have a Great Weekend, and Happy Rent-to-Owning !!

September 15, 2010

Do REIA Memberships Still Have a Pulse?

Hi Folks,
   As we move into mid-week, we have been speaking with some folks that are involved with and/or administer Real Estate Investing Associations (REIA), along with some other Real Estate Investing Club contacts.

   In doing so, I realized that this would be an interesting topic to cover, from the angle of membership, during these days of housing market and economic turmoil.

   One such individual, Jeremy Burgess, the owner of Renegade Detroit Investors, says that, "Attendance numbers have been consistent". Concurring with this statement is Marc Sherby, a board member of the Diversified Real Estate Investor Group (DIG) in Fort Washington, PA, who says that, "We are a fairly large group, currently with membership at about 1,000 members", and that, "Our membership is actually on the rise in the past 12 months."

   Burgess goes on to say that they are getting less "beginning real estate investors and more experienced real estate investors". He says that the more expert investors are attending the meeting, which was not the case before." Burgess cites the decrease in interest to the beginners as attributable to the fact that, "they don't see this as a viable option, and more interest from those who are more experienced but looking for an edge".

   In terms of a trend in membership over the past few years, Sherby says that in 2009, "membership numbers nationwide were in serious decline and some of the RE investing groups around the country were closing up", since membership was as, "decimated as the real estate market itself."

   Sherby says that their membership is growing stronger since they are stressing to their members that, "contrary to what you hear in the news, now is a great time to be investing in real estate.", and that they are using multiple techniques to attract and keep members, such as a monthly newsletter, email blasts, postcard and mailings.

   From my own personal perspective, for quite some time, I have done private speaking engagements, and as you all know, I recently announced that I will be giving public speaking appearances. Since we have made that announcement, we have been deluged with requests from REIAs (#REIA) and Real Estate Investor Groups (#RealEstateInvestor) for me to speak at their meetings, conventions, expos, cruises, etc. From the response I have received, it appears that there is still an active and hungry desire to learn more about Real Estate Investing.

   What can we take from all of this? Real Estate Investing is going strong, and if you want to get involved and learn more, or even brush up on your skills, contact your local REIA. Here is a very good directory of Real Estate Investing club/REIA directories that I want to share with you: http://www.larrygoins.com/reiadirectory.asp

   As always, the floor is open for your questions and comments...over to you!

Have a Great Day, and Happy Rent-to-Owning !!

September 13, 2010

Has the Housing Market Impacted Curb Appeal?

Good Morning All,


   Hope you had a great weekend. We spent the weekend cleaning out our attic, as well as shuttling our toddler to his classes and an ice cream party (Sugar Rush - Not good).

   It's funny how things shift in tandem when the housing market changes. Most practices and techniques are put under a microscope and are re-invented. One of those practices is preparing a home for maximum curb appeal. Today, we'd like to take a look at how the downturn in the real estate and housing markets has impacted the definition of curb appeal.

   "It is curb appeal that is designed to provide a positive first impression.", says Lisa Mekovsky, Owner of 3 Rivers Home Staging. She tells us that the, "definition of curb appeal has not changed, but its importance has dramatically increased.", and that this is due to fiercer competition.

   Julie Taché, a Broker with Homes with Cachet, concurs, and says, "More than ever, the visual has taken an important role in how buyers choose real estate. With so many properties available, an "ok" or "so-so" home may become just a drive-by, with buyers preferring the homes with substantially more curb appeal." Kimberly Gauthier, a photographer and homeowner in Washington State, has first-hand experience from both sides of the table, and she admits that they did, "most of our house hunting on line, so if the pictures weren't good, then there was a good chance that we wouldn't bother viewing the homes; there were just too many listings and this was a good way to shorten our list."

   Most of the experts we spoke with have agreed on landscaping as the most important piece of the curb appeal puzzle. Gauthier suggests adding flowers everywhere, since having a "few shrubs just didn't appeal to women. By adding loads of color, hanging baskets, and wine barrels with things growing, our showings increased.". From her point of view as a potential buyer, she said that, "Neglected landscaping will prompt me to move on to the next listing."

   Heather Logrippo of Distinctive Homes Online has weighed in with a few opinions from her expert clients. Kelly O'Ryan the Office manager of Coldwell Banker in Lexington, Ma, says that it is important to make sure that the, "Lawn is free from leaves and overgrown grass", and that it, "sound simple, but makes a huge difference".

   Elaine Leonard, the Sales Director for Northland Residential, a developer in New England, says that, "Even if you've lived in your home for 25 years, don't discount adding new trees or shrubs, they can really do wonders for the landscaping".

   O'Ryan also suggests that you, "Add a splash of color in the front - whether it's painting the front door an inviting red or adding planters with colorful plants by the front door". It's also important to keep the exterior of your home neat and organized. She advised that you make sure all yard tools and children's toys are put away, since, "you want your prospective buyer to envision living in the home which can be hard if they see your items before they even walk in the door."

   Leonard suggests adding a beautiful mailbox, which she admits sounds crazy, but she says that, "you have no idea how a beautiful mailbox can add a nice finishing touch", and , "like accessories on an outfit, a mailbox is the perfect last accessory on your home to make it appear finished and beautiful. Leonard also suggests that you do the "Hardscaping", which is, "anything from a walkway to a patio.", and , "If you have old, broken or cracked driveways or walkways, investing a little in hardscaping to fix them will pay off in the long run!"

   "Sellers must make sure the entire exterior of the home looks clean, fresh, and professionally maintained.", suggests Taché, and she advised all work (bricks, steps, siding, power washing, roof, etc) be completed before listing. She adds that, "Hiring a professional (stager for inside, landscaper for outside) are a worthwhile investment - as these people know what the public desires, and can make cost-effective suggestions to get the home its best possible showing condition!".

   As Taché concludes, "The first few weeks on market are so crucial that making sure it photographs well and that a potential buyer will see it in a positive light have never been more important to get them in the front door!"

   I hope that these tips will help you in getting more people to see your home. As a side note, however, please note that we find that these tips are "not as important" when people are looking to Rent to Own your home. Notice that I said, "not as important", since people certainly differ.

   Do you have any other tips to share? Have you done any wild things to spruce up your home in order to give it more curb appeal? We'd all love to read your comments !

Have a Great Week, and Happy Rent-to-Owning !

September 10, 2010

Florida Snowbirds and Florida Real Estate

Hi All,

   Hard to believe that it is Friday, but that's what happens when you have the "short week". Fall is in the air, and somewhere out there, there is a huge pumpkin with my name on it!

   I wanted to share a great new article in which we have had a nice write-up, and it is titled, "FLORIDA REAL ESTATE: Numbers are right for snowbird buyers", written by Janet Groene for Forever Young News (a "50-Plus" lifestyle magazine).

   The excerpt that mentions us is as follows:

"If you don’t yet own a winter place and want to try several before you buy, look into a rent-to-own situation. An international group, Lease2Buy.com, puts prospective buyers in homes that are for sale, then gives them the option to buy after an agreed period. Robert Eisenstein of HomeRun Homes in Lake Ronkonkoma, NY can work with northerners who want a rent-to-own winter home situation in the sunbelt.", and, "He observes, “Central Florida has been beaten down and is prime for a comeback. The Miami-Dade market seems fickle to us but we are seeing tons of requests so there is definitely some play there as well.”
   We are always glad to give our opinion on different markets across the country, since our website stats tell us where the homes and/or the buyers are, where prices are trending, and more.

   By the way...have YOU placed your Home on our website yet (VISIT THIS LINK TO DO IT NOW) ? Have YOU placed your Request for a Home on our website yet (VISIT THIS LINK TO DO IT NOW) ?

Have a Great Weekend, and Happy Rent-to-Owning !!

September 8, 2010

Are Timeshares Truly Related to Real Estate Investing?

Hi Folks,


   Hope you are having a good "shortened" week so far.

   A request from our mighty mailbag has asked about the relationship between Timeshares and Real Estate Investing, and we spoke to a few people "in the know" about this.

   Lisa Ann Schreier, a consumer advocate with "The Timeshare Crusader", says that, "While buying a timeshare in the United States generally involves a deeded piece of real estate, that’s really where most of the similarities to general real estate end.", and that it should only be thought of as an investment in future vacations, since the value of a timeshare, "drastically decreases the moment it is purchased" and is not a very liquid purchase.

   Peter Giamalva, a partner with Creative Impact, says that, "A timeshare purchase can complement your overall real estate investments since you choose a timeshare to meet your lifestyle vacation needs", and suggests that you, "buy in locations where supply is limited and demand is high to maximize exchange value and improve your future selling options." Giamalva continues to say that, "like any good investment strategy, beneficial real estate investing requires diversification, and as you broaden your investments, you want to be active in different locations and different markets (annual versus seasonal for instance).”

   Schreier, however, points out that most timeshares are real estate based, and that consumers must know "that they are dealing with licensed real estate agents when purchasing or selling timeshare; whether on the primary or the secondary market." She warns that the secondary timeshare market is "rife with unlicensed organizations and persons charging an upfront fee, which is NOT the way real estate must be handled."

   Alan Brody, a Timeshare Owner, says that, "There are companies that actually charge you $2500 - $4000 to get RID of your timeshare because of the succession issue in timeshare contracts".

   "For consumers looking to buy a timeshare", says Schreier, there are "three basic questions I advise them to honestly answer before making any purchase:"

1. Do you understand the product (weeks, points, floating, fixed, etc.)?
2. Will you in all likelihood use the product?
3. Would you pay that amount of money “anyway” on future vacations?
.....Additionally, she says that, "any one 'no' is a deal-breaker for me."

   What are your thoughts on the timeshare market? Do you Agree or Disagree? We'd love to hear your opinion.

Have a Great Day, and Happy Rent-to-Owning !!

September 6, 2010

$750,000 ? The Top Price Paid for a New Home ?

Good Morning Everyone,


   Hope you have a nice and relaxing Labor Day planned for today. I didn't plan on laboring today, however, I consider this a labor of love. Too corny? Please accept my apologies as it is quite early here !

A few things worth mentioning:

1. Interesting News: A good friend of mine brought the following article to my attention, titled, "No New McMansions Sold in July", which states that, "Not a single new home priced above $750,000 sold in July or June", and, "As for houses priced between $500,000 and $750,000, only 1,000 new units were sold last month. When it comes to new homes that did find buyers in July, more than 80% were priced under $300,000." Chew on those numbers....what does it mean for new homes that were built and were priced over $750,000? How about the custom builders out there who built those $1 Million or higher-priced "McMansions"? Re-read this paragraph and realize the true state of things, and how the economy appears to be hitting the higher-end consumer, who usually weather the economic storms quite well. Thanks to my friend for letting me know about this story so that I can share it with my readers.

2. General Economic News: No housing-related releases are planned for this week, however, we need to keep an eye on Obama and the next round of modifications he is planning for upside-down homes (where your mortgage is greater than the value of your home).

3. Website News: You now have the ability to delete your Ads and replace them with new ones. You would log into your account via the Control Panel, and then click "Edit Ads", and click delete.

More news to come this week!

Have a Great Labor Day, and Happy Rent-to-Owning !

September 3, 2010

Our Radio Commercial on Rent to Own

Hi Folks,

   Labor Day Weekend is upon us, if you can believe it ! For those of you (like myself) that is feeling the brunt of Hurricane Earl, we ask that you please be safe and be careful.

   A short while back, We had a radio commercial that was created by the good folks at WBLI Radio in New York, and the commercial is attached to this Blog post as an audio (MP3) attachment. This goes hand-in-hand with part of our vision for the past 8 years - to have a Global Focus, while keeping an eye on the markets in our own backyard. Take this as part of some solid business advice.

   We have had a pretty nice reply to our Public Speaking Appearance offer thus far. Make sure that you book me, since the end of year tends to be quite busy for us. We'll talk Rent to Own, Real Estate, Business, and Motivational techniques, all live and direct to your audience. Learn more and reserve your preferred dates before too long at http://www.lease2buy.com/speak.php

Be Safe, Have a Great Weekend, and Happy Rent-to-Owning !

September 1, 2010

Public Speaking on Rent to Own? Finally !

Hi All,

   Hope you are having a Great Day !

   We have had a lot of feedback and requests for us to provide Public Speaking appearances, and please be assured, we have listened to you ! In response, we have just released the following Press Release on the wires about that new service we are offering:

For Immediate Release:

HomeRun Homes
(631) 676-3609
(631) 574-2420
homebuyer@lease2buy.com
http://www.Lease2Buy.com

Rent to Own Home Executive Offers Speaking Appearances

Ronkonkoma, New York, September 1, 2010 - The President and Chairman of HomeRun Homes HomeRun Homes (www.Lease2Buy.com) has committed to speak publicly on Rent to Own, the rapid success of his company, and on business and motivational topics.

Rent to Own, Business Development, and Motivational Techniques

Robert Eisenstein, the President and Chairman of HomeRun Homes (http://www.Lease2Buy.com), who has led the company through a number of ups and downs in the Real Estate market since 2002, has announced that he will now commit himself to speak at Conventions, Real Estate Meetings, and other Business-related gatherings.

Eisenstein, in previous years, had turned down such requests, stating that he, "needed to pour 100% of himself into expanding HomeRun Homes into the one-stop shop for Rent to Own". Most recently, Eisenstein has said that there is a wealth of knowledge that he has accumulated over the past 8 years in terms of, "the rent to own market, business creation, business development, and general motivational techniques", which is all, "critical information for anyone looking to climb their way to success".

Eisenstein hold a Bachelors in Business Administration (BBA Finance '92) from Baruch College in New York City, and has both a Financial and a Technical background (Microsoft Engineer and Cisco Certified), which many have recognized as the driving force behind the success of the company.

In capturing increasingly wider Press coverage, the company was recently featured in AOL Patch, in a new American Express Magazine, in "Canadian Real Estate Magazine", and in multiple other publications and Blogs, which can all be read in the Press Center on their website.

For additional information on the topic, "Rent to Own Home Executive Offers Speaking Appearances", please visit http://www.Lease2Buy.com

ABOUT HOMERUN HOMES

HomeRun Homes is a Centralized Marketplace which helps people Buy or Sell a Rent to Own Home, a Commercial Property, or to offer Home Services nationwide and globally to the thriving Rent to Own market.

- END -

We hope that this satisfies your requests, and we certainly look forward to discussing Rent to Own and the Real Estate Market at your next convention or other venue. For more information and to reserve space, please continue here: http://www.lease2buy.com/speak.php

Have a Great Day, and Happy Rent-to-Owning !!
 
 

August 30, 2010

10 Million New Renters?

Good Morning,


   We hope everyone had a great weekend. We certainly hit a homerun (no pun intended) here on the East Coast with golden sunshine, deep blue skies, and low humidity all weekend long. Ahhh...allergies !!

   When looking over some stories on a Google search the other day, I came across a story titled, "Renter Nation", in which the author says that, "The recession and shifting demographics will swell the ranks of people who will rent, not buy, housing over the next five years", and he deduces that, "roughly 10 million extra folks could be moving into rentals over the next five years". While this could be a frightening prospect for those who are thinking about selling their homes within the next 5 years, this does still hold optimism for some segments of the market.

   Those who are looking to sell their home would not have to stretch far across the table to rent their home with an option to buy, or Rent to Own. More often than not, those looking for a rental home will jump at the opportunity to earn some equity while they are renting. In this respect, these numbers hold promise. For Realtors, they will still earn the rental fee. For those who are renting out homes in the first place, they could see a surge in demand, which might potentially drive up some rental prices in certain areas.

   What would be the "Butterfly Effect" of such increases in rental prices? Good Economic sense tells us what should happen, but things have been so very far off from common sense over the past few years, that I would not even venture a guess. We welcome your opinions and comments on this question.

Have a Great Week, and Happy Rent-to-Owning !

August 27, 2010

5 Tips For Buying a Second Home/Condo for Investment or Vacation

Hi Folks,

   A Happy Friday to All. In our continuing series of answering your requests, today, we will be covering the process of buying a second home or condo as either an investment home or as a vacation home. We have had numerous experts weigh in on the topic, and their comments break out into 5 main tips/categories:

Tip 1 - Location:

"Look for an area with tremendous upside", says Jeffery Nielsen of MyntStyle.com. Nielsen says that he prefers to look for cities that cater to a large international audience so you are not, "tied to the economy of one country." Nancy Clement, Realtor/ Dollar-Wi$e Divas Columnist, concurs, and advises, "Buy a second home in a location that has broad appeal and lots of people are interested in living in the area". Nielsen says that you must also see whether you walk to major conveniences, i.e., "Is there good public transportation nearby (not the bus)."

Tip 2 - Purpose of Home/Goal:

Karl J Trommler, Business Development Manager with PenFed Realty, says that you need to begin by asking yourself some questions: Is it "Truly just a vacation home used only by friends and family? An income property that we will use sometimes? An income property now that will be converted to a primary or secondary residence later? Am I looking for a long term or short term investment? Am I looking for a personal retreat, a source of cash flow, a tax shelter, future income (i.e. retirement)?", and that you should, "Decide what you can afford and be realistic.- Upfront costs and ongoing monthly". Mike Smith of The Aliya Team/WEST USA Realty, says that, "Define Your End Goal. Is this second home/condo a retirement home or an investment or both? Defining this could make a big difference in what you buy. For instance, if this will eventually be your retirement home, you would want to pick a home near amenities that you enjoy (golf, tennis, hiking, etc...).You may also want to chose a single story home because climbing stairs may not be what you want to do as you get older."

Dina Goldentayer, Principle at The DS Team, Keller Williams Miami Beach weighs in and says, "Weigh the pros and cons of purchasing a home vs a condo. A full service condo can offer the the benefits of on-site security, which is vital to a residence that is vacant a few months per year. A home has added privacy, but added responsibility for upkeep of the grounds". Even more importantly, she says, "Consider the possibility that the home may become the primary residence one day, and this is especially important for Baby Boomers nearing retirement."

Tip 3 - Pricing/Finances:

"Sellers are expecting low offers. But how low do you want to go and at what cost? Appearing ruthless can ruin a negotiation to the point where a seller will no longer respond.", says Kristen Maley, an Associate Broker with BJ Adams and Company. Trommler adds that you need to, "Arrange financing before you look. - This will be influenced by how you plan to use the property. Decide what data you need and where you will get it- Loan programs and rates, zoning, tax considerations, HOA costs if any, insurance costs. Brainstorm and make a list." Clement adds, that, "What financing is available for second homes and can you qualify to purchase? Get your loan pre-approved before you shop for a home as qualifying may be more difficult for you to obtain than is true for a person who plans to live in the home full-time." Anyone who purchases or has purchased a second home realizes that this is a vital point.

Tip 4 - Team:

Building your team is essential. Maley suggests that you, "Get a broker and go look", and to, "Get a lender to help you define your buying power - before the search", and to, "Look past the circa 1973 rock walls - these are the properties that make for a good deal. The market has forced them into the lowest price ranges. Don't be afraid to take on a project in a second home." Smith adds that you, "Consult a Tax Advisor. The tax implications could be devastating if you don't collect all the facts". Sound advice!

Clement also suggests that you, "Hire a good property manger and have the person not only collect rent but do an interior inspection at least quarterly. That way you will be aware of any potential and costly problems the tenants may not want to tell you about, like a leaking toilet that could lead to an expensive to repair problem like water intrusion that could lead to a problem with mold.". Obviously, if you have tenants, this would apply, but sound advice, nonetheless.

Tip 5 - Costs:

Trommler warns us to, "Plan for unexpected costs- Repairs now and ongoing repairs and maintenance", and Goldentayer similarly states that, "Consider carrying costs and maintenance fees of a condo building, especially if it is only a part time residence."

Patrick Hohman, a 22-year Association President, advises that, "Primary tip for condo buying, is to check the difference between what SHOULD BE in the Reserves NOW, as opposed to what is actually there. Otherwise, potentially big special assessments or even worse, maintenance is neglected and property values tank."

   Overall, your strength is in your team and your dedication to the details. Do you have any additional tips to add that would be helpful to others? Please comment below.

Have a Great Weekend, and Happy Rent-to-Owning !

August 25, 2010

Homes Sales Fury, Plus Part 2 of Our Radio Interview

Hi Everyone,

   Let's immediately address the elephant in the room (or the cyber-room, if you prefer) - "Existing home sales drop 27 percent in July" and "Existing home sales dive to 15-year low". Yes, you read these on Yahoo News and all over the Web and on TV yesterday.

   I pose this question to you: We know that the expired homebuyer tax credit is the main culprit for these dreadful numbers. But let's say there was no tax credit in the first place (follow me here - I am not taking political sides)...what would have happened to the housing market? Is it really a guessing game.

   Now, just today, the headline, "New home sales hit slowest pace on record...Unexpected 12.4 percent drop is latest sign recovery fading". Where is all of this headed? Why did we stop the tax credit? We're in a deep enough hole already...at least people were starting to buy homes, build back some confidence, and get back on track. The key is, "confidence", which is psychologically vital to any economic recovery.

   OK, I can rant on and on about this, as well as the demise of "Cash for Clunkers", but the show must go on.

   As promised, I have included part 2 (final part) of the radio interview that we did on the "Unlock Your Wealth Radio Program" (hosted by Heather Wagenhals). As a reminder, this particular segment was about Rent to Own Homes, so please have a listen, and Enjoy !

Have a Great Day, and Happy Rent-to-Owning !

August 23, 2010

Our Radio Interview on Rent to Own Homes, Part 1 of 2

Good Morning Everyone,

   Glad to have you back here with us, and we hope you had a great weekend !

   Today, we'd like to present to you a Radio interview (MP3 attached) in which I was honored to participate in and provide some information from HomeRun Homes/Lease2Buy.com.

   The radio program is the "Unlock Your Wealth Radio Program" (hosted by Heather Wagenhals), and this particular segment was dedicated to Rent to Own Homes/Lease Purchase Homes. During the interview, we covered different areas and markets around the country, as well as some of the mechanics of the Rent to Own process.

   Since the entire interview spans close to half an hour, we have split it into two parts, and attached Part 1 of 2, with Part 2 coming on Wednesday. Enjoy !

Have a Great Day, and Happy Rent-to-Owning !!

August 20, 2010

Short Sales, Press, Housing Numbers - A Recap

Hi All,

   Can you believe that it's already Friday? We are headed into our last few weeks of summer, and from whatever corner of the globe that you are reading this, the summer here in the Northeast has been brutal! Time to polish up the snow shovels...yes, it won't be long !

   Today, we just wanted to recap a very eventful week for HomeRun Homes/Lease2Buy, as well as to take a look ahead at next week.

   Over the past week, we have provided you tips and strategies on the Short Sale Process, provided a free widget that shows all current Ads on our website in "Real Time", and we have humbly received some great write-ups in a new American Express Magazine Article, as well as another write-up in AOL's Patch.com.

   We hope that over the past few days, we have given you some great investing tips, a handy new utility for your website, and have brought multitudes of people to our site to either offer you a Rent to Own Home or to Buy your Rent to Own Home ! In the process, I hope we have also made some new friends and helped many others to meet their goals.

   Next week, we have some additional goodies coming along (Stay tuned to this Blog). Further, there are important numbers coming out next week:

   Tuesday 8/24: NAR Existing Home Sales
   Wednesday 8/25: New Residential Sales & FHFA Quarterly House Price Index
   Friday 8/27: Revised Building Permits

   As you can imagine, these are all key numbers that will give us a sense of where we are headed in terms of the housing market and an economic recovery (recovery? lifeline?).

Have a Great Weekend, and Happy Rent-to-Owning !

August 19, 2010

HomeRun Homes Knocks it Out of the Park

Hi Folks,

   We just wanted to alert you to some great publicity that we just received on Patch.com. The article is titled, "HomeRun Homes Knocks it Out of the Park", and it is located here: http://sachem.patch.com/articles/home-run-homes-knocks-it-out-of-the-park

Here is an excerpt from the story:

"By focusing on the rent-to-own segment of the real estate market, Eisenstein's business has made impressive strides. Generating a considerable amount of web traffic through its site - over 1.2 million hits to date - HomeRun Homes has also expanded in other markets of real estate"

   This is just another reminder that we are out here bringing more folks to your Ads, whether you are Buying a Rent to Own Home or Selling a Rent to Own Home.

Please read the Full Article at Patch.com

Have a Great Day, and Happy Rent-to-Owning !!