3 Things You Must Do When You Inherit Rental Tenants, Functional Obsolescence Risks, US Unemployment Rises

3 Things You Must Do When You Inherit Rental Tenants

Real Estate Tip:

Avoid poorly designed homes--this is often referred to as functional obsolescence. Functional obsolescence reduces the desirability of your home and makes it more difficult to sell. Here are some examples that you should steer clear of: 1) No bathrooms on first floor

2) Bedrooms with no closest

3) Knob-and-tube wiring or fuses instead of a circuit breaker box

4) One outlet per room

Real Estate Insight:

The number of unemployed persons in the US rose 276,000 jobs to 6.3 million in December