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Manish Mona Kalra, REALTOR Sales Associate
Increasing Investment Potential, An ERA Justin Realty Overview
Buying or selling a house is one of the biggest decisions most people will ever make with their finances and their lifestyle. Getting the best bargain in the purchase or making the most profit on the sale give buyers and sellers so much to think about that many may never stop to consider buying another as an income-generating property. The rewards in savings and profits can be rewarding.
Manisha Mona Kalra, a Realtor agent with ERA Justin Realty suggests, “One option for buyers who otherwise might consider home prices beyond their reach is a property that helps pay for itself; a house you live in part of and rent the rest of. This offers not only an obvious balance of cost and income, but perhaps lesser-known benefits in taxes and mortgage that you should consider with your tax advisor as taxes and requirements vary from year to year. The rental units may be depreciated over time and considered to offset the rental income. This may lower your taxes on that income. At the same time, the rents addition to your finances helps you qualify for a larger mortgage, and investors who occupy their rental properties can, under certain conditions, get interest rates lower than those who do not. Many mortgage lenders provide varied mortgage programs. Our menu of mortgage lenders will provide updated information when you begin your home search. Of course you’ll want to decide if the demands of being a live-in landlord are for you, and explore if rent-control laws in your area might limit the return on your investment. If being an offsite landlord is more appealing, you could always keep your current home as a rental after you move into the new one. Your long-tern familiarity with the home’s features and condition could lend a certain confidence both to yourself and your potential tenants. As with any investment property, you’ll first want to calculate whether the rental income will make up for the needed expenses. This is another consideration in which one of our qualified Realtor agents can help with his or her knowledge of the local rental market and its prospects over time.”
Mona’s specialty is her attention toward first-time home buyers, relocation, investment properties and distressed properties while bringing focus to custom marketing programs for her sellers. Her finesse includes interior designing and vision to understand all aspects of what a beautiful home can mean for her buyers and her sellers who are planning to put their homes on the market.
She continued, “If you are pleased with the prospects, then you may even prefer a fixer-upper to your former home. With a thorough inspection to answer any questions, and a realistic budget and disciplined schedule to handle all improvements, your outlays may prove to be well worth it. Renovations can range from reconfiguring the floor plan to simply replacing now-unfashionable décor. Owning an income-generating property may not be for everyone, but, from buyers offsetting their purchase costs, to others easing the expenses of their retirement years it can be for many kinds of people. Talk to us at ERA Justin Realty to find out if rental property would be a fit for your personally, wants and needs.”
Mona is friendly and professional who will persevere to fulfill your every real estate need. She believes relationships are the key to buying and selling a property. She will work closely with you through the process of buying and selling your home and to make sure things run smoothly. She is an excellent choice to represent your home to get the best result. So whether you are selling your home or buying the next one, Mona will be motivated to give you the best of everything as you make the important decisions keeping an eye on the details. She has the ability to listen and fully understand her clients needs. Her strong negotiation and excellent communication skills mean that her clients are always kept well informed throughout the process. She is fluent in English, Hindi and Punjabi, a regional Indian language. Her background includes learning from her family real estate background in India.
Jennifer Darby Metzger, broker co-owner added, “At ERA Justin Realty the words, ‘There is a difference in real estate companies’ is more than a phrase. We live it every day. Because of our daily priorities, we proudly received the prestigious ERA world-wide ‘Commitment to Excellence Award’ a select few from approximately 30,000 ERA brokers and agents from all across the ERA globe.”
Mona and all of the ERA Justin Realty full service Realtor agents can be reached at either of their two Rutherford offices at 118 Jackson Avenue and 57 Park Avenue. By office phone (201) 939-7500, (201) 438-0588 or (201) 438-SOLD. Additional cutting-edge real estate technology information awaits you at their winning search websites at www.ERAJustin.com and www.ERAJustinRealty.com.
