Licensed since 1984, San Diego real estate broker Gary Kent is a recognized authority on real estate. In addition to selling over 5,500 homes for clients, he has been an expert court witness, trainer of other agents, and he does seminars on home buying, home selling, and investing. Gary has sold homes for The Salvation Army, dozens of major banks, and Fannie Mae, amongst others. You can find Gary on Facebook, Instagram and YouTube.
Should You Request a Schedule E for a Rental Property?
Wednesday, 01 May 2013
Question: “Hi Gary. Question: When buying a Rental Income property, is it customary to request a last available copy of IRS Schedule E on that specific property??? This certainly would be reliable tool to estimate a Near True rental income? Warm regards.” Answer: That’s a great question and a great idea. You never want to
- Published in Q&A - Home Investing Questions
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Why Price Per Square Foot Is Bad—& Some Agents Use It Anyway
Tuesday, 30 April 2013
Question: “My home is in North Park and it’s 3,400 square feet. The average price per square foot in the neighborhood…” Answer: Whoa! Stop! Halt! Before you go any further, I want to save you some time and trouble and correct your faulty premise. Many real estate agents, appraisers, and homeowners too clever for their
- Published in Q&A - Home Selling Questions
Be Tough, Hire a Manager, or Don’t Be a Landlord
Wednesday, 24 April 2013
Question: “I’m not sure I’m cut out to be a real estate investor. You’d have to be so heartless. How could you ever evict someone who’s down on their luck and can’t pay the rent?” Answer: I admire your thoughtfulness and caring. The world would be a better place with more people like you in
- Published in Q&A - Home Investing Questions
No Right of Rescission on Real Estate Contracts
Tuesday, 23 April 2013
Question: “I signed a contract to sell my home yesterday, but I changed my mind and want to cancel using my 3-day right of rescission.” Answer: Not a question, but let me address this. While many (most?) types of contracts in California have a 3-day right of rescission, real estate contracts do not. So unfortunately,
- Published in Q&A - Home Selling Questions, Real Estate Tips
What to Expect When Doing a Foreclosure
Wednesday, 17 April 2013
“We’re going to lose our home to foreclosure. We owe too much to sell and the bank denied our short sale. I lost my job and my wife isn’t able to work, so we can’t make the payment and definitely are going to lose our home. I hate the feeling of not knowing what’s going
- Published in Q&A - Home Financing Questions
How Much Value Will My Kitchen Remodel Add?
Tuesday, 16 April 2013
Question: “How much value will I add if I remodel my kitchen?” Answer: I know of a woman in Pacific Beach who had her kitchen remodeled. When it was done, though it was nice, she didn’t like it and remodeled it again. …Then she did it one more time for good measure. Assuming her kitchen
- Published in Q&A - Home Selling Questions
What Is an Estoppel Letter?
Wednesday, 10 April 2013
Question: “What is an estoppel letter?” Answer: The following story actually happened to me two separate times… I made an offer on an apartment building and it was accepted. That was the good news. When I went through the apartments, I asked the tenants how much rent they paid. Oddly, EVERY tenant paid less than
- Published in Q&A - Home Investing Questions