San Diego Real Estate Video Blog with Joe Mendoza

How Do You Know When to Sell an Investment Property?

How do you know when it is time to sell your investment property? I’ll go over a few signs to look out for today.

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If you have an investment property, how do you know when to sell it? Here are a few reasons why you might want to get that property off your hands:

1. You’re moving out of state or out of the country, which will make managing the property too difficult.

2. You have a bad tenant. If your tenant is not paying rent or not taking care of the property, you might want to go ahead and sell.

3. Did you inherit the property? If you did and real estate just isn’t your cup of tea, go ahead and sell.

4. You don’t have property management experience. If you can’t find a really good property manager, you are probably better off just selling the property.

If you have negative cash flow, sell the property and stop the bleeding.

5. The market is starting to go down. In that case, it may be a good idea to sell your investment property before the market flattens out because it can take a while to recover.

6. You have negative cash flow. Negative cash flow means that the rent is not covering the mortgage. Sell the property and stop the bleeding.

7. You are behind on making payments. Whether you are behind on HOA fees or taxes, that’s definitely a great reason to sell.

If any one of these reasons resonates with you, please don’t hesitate to reach out to me. I would be happy to help you prepare that property for the market. As always, if you have any real estate questions, just give me a call. I look forward to hearing from you!

How to Sell a House With Pets

If you have pets, they can make selling your house a bit of a challenge. I have three tips to help you alleviate this problem.

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If you're selling your home and you have pets, you need to prepare your home for the market a bit differently.

Remove any and all signs of pets before a showing.

I love pets and I have one myself, so here are my tips for getting top dollar for your house that you share with your pet:

1. Consider temporarily relocating pets, especially during showings. This could be with a family member, friend, relative, or neighbor.

2. Remove any signs of pets. If you have a crate or something like a scratch post for a cat, remove them or store them out of sight.

3. Eliminate pet smells. If you have a showing coming up, open the window or put some air fresheners out. You can also bake cookies to change the smell or your home.

If you have any other questions about preparing your house for the market with or without pets or you're looking to buy a home, give me a call or send me an email. I'd be happy to help!

How Technology Makes Your Home Appealing to Buyers

If you're looking to sell your house to a high-end buyer, look no further than technology upgrades.

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Technology goes a long way in attracting high-end home buyers. How?

Let’s say you put surveillance cameras in a private estate or gated neighborhood. That looks very attractive to a high-end buyer. However, you don't want to go overboard. Recently, I showed a property that had cameras within 10 feet of each other! There wasn't just one, either; there were five or six. The buyer and I both looked at this and wondered together, "What's going on here? Are we in the wrong neighborhood?" Security cameras should look nice and professionally done.

Home technology is always attractive to high-end buyers.

Then, you have technology like smart thermostats. These are really impressive to high-end buyers as well. They show the time and temperature with no extra buttons or anything—they just look clean and impressive and have small LED lights to illuminate them. These smart thermostats can all be operated from your smartphone as well.

If you're looking to buy or sell a home on the high end, I hope these tips are helpful to you. If you have any questions or you know anyone else looking to buy or sell a home, contact me today. I look forward to hearing from you.

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Joe Mendoza has been involved in real estate for over 20 years. He has been a Real Estate Broker, Investor, Consultant, Advisor, Mentor, Managing Partner, Acquisitions Manager, and a Nationwide Coach. At present, he is President of the Joe Mendoza Team, Inc. San Diego, California. Mr. Mendoza also is an Executive Real Estate and Business Coach for Tom Ferry Your Coach, based in Newport Beach, CA.

Mr. Mendoza has a long track record of success. While at Prudential California Realty, he ranked as high as the Top 1% in the nation and was number 7 in all of San Diego County. He built a team of 2 full-time employees and 5 licensed associate agents.

Joe Mendoza
CA BRE # 01234540
Katcam Real Estate
100 E. San Marcos Boulevard, Suite 400
San Marcos, CA 92069
Toll-Free 24/7: 877-794-5227
Direct: 619-246-4663
joe@joemendoza.com
JoeMendozaTeam.com

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"Joe is very professional, works efficiently is a great communicator. Joe came ready with a ton of information that helped us make a decision. He was also the first one to respond to our needs. Joe is very helpful, knows his stuff and it was a pleasure working with him."

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"As a first time home buyer, I was very lucky to have Joe on my side and walking me through the whole process. He was great at explaining everything, patient, prompt with responses, and great at negotiating through any obstacles that came up along the way. I would recommend him to anyone looking to get into the real estate market, or anyone who wants an agent who really cares about your plans, your goals, and most importantly your hard earned money that you're investing. Thanks Joe!"

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Mei -“He helped sell one of our homes and was able to sell it quickly, and we’re very happy with that result. He’s a pleasure to work with and he has been in the business for quite a long time, so he knows the ins and outs.”

Jeanette -“So, we were selling my home and at the same time we were looking for another home to move into. And he had to go through and put in a whole bunch of bids to different homes. Every time we’d email him and say ‘Hey, can you look at this?’ or ‘Can you look at this?’ he was just patient, all over it. Going through and putting in the bids, talking to us about what his recommendations were, what he thought, and then he just really went above and beyond with that whole experience. He made it like a very seamless experience for us. He’s very down-to-earth, great work ethic, and he puts the customer first.”

Marle -“He’s been a high school friend so he's been our go-to person whether we’re selling or buying and we’ve been through several of those. He’s always been my husband and I’s go-to person. We don’t look anywhere else, he’s our realtor. He is always there the moment I text or call him. The response time is amazing. I don’t have to wait five minutes and he’s calling me back. He’s always above and beyond. There’s never a time I’m waiting for him. Joe is very reliable and he will do anything and everything for his clients.”

Evelyn -“I want to let you know that Joe Mendoza is such a wonderful agent. He is so pleasant and so knowledgeable. If you call him or text him or send him an email he will respond right away. He is such an asset to the real estate business.”

Andy -“He went above and beyond in 2000. In 2000, one of his first home sales mine. I was one of his first clients and he actually sacrificed, maybe I shouldn’t say this, because he actually sacrificed some of his commission to ensure that I was happy. I had a termite infested pergola, like a backyard patio, and we didn’t catch it during the sale and inspection. And so I complained about it and he actually, to keep me happy as a client, he actually refunded me part of his commission. And at the time it was $500, I thought that was a lot of money at the time and I was one of his first clients. After that incident, I felt bad I took money out of him as one of his first clients, but he kept the customer happy and I alway refer people to him, I said there’s no other realtors I would go to beyond him. I tell them that he’s honest, fair, he’s smart and he has the experience in a difficult challenging industry and they’re getting one of the best when they hire him on.”

Elliot -"I met Joe about 15 years ago. He was living in the same area as we were and I met him, he told me he was in the real estate business and he seemed like a very trusting individual. Well, we wanted to sell it (the house) quickly, so by the time I contacted him within two days we had the For Sale sign up. Offers started coming in, he listed very quickly. So, he moved very quickly. I would tell people he is very knowledgeable. He;s been in the business over 20 years, over 25 years I believe, but the main thing is he is very trustworthy. He’s always smiling and laughing so he’s a pleasure to be around as well."

Margaret -"Joe, would, one, actually listen when I had an issue or come up upon a situation that I haven’t had before in my short term experience as a realtor and he’s been a realtor for twenty years, plus. So, he listened, he understands, he also is a fantastic problem solver. He’s also very motivating. He always has words of encouragement and can guide you in the right way. Through his coaching, he has given me discipline with a schedule. He’s made me understand the value of offering an abundance of not only experience and information but customer care. I was previously focused on my education so I had a lot of knowledge about my area of expertise, but I didn’t know how to showcase that. So, Joe helped me find my path in marketing and how to network, and how to make phone calls, scripts, what to say, that way it showcased the value in the information that I was providing clients so that I can build that long term rapport. It’s not just a one-on-one transaction. We are trying to build relationships."

Liz -"He is always upbeat and always positive. He is direct without being very direct, you know what I mean? He does not beat around the bush and he delivers his message very nicely. He’s been valuable for my mindset and his positive attitude has definitely rubbed off on me. He;s helped me to look at the positives even when I am going through something that is difficult and that has really helped me tackle my business no matter what’s going on. I am keeping focused, keeping positive, and getting the job done. I’ve already recommended him to several colleagues of mine and I tell them that I can’t imagine not having him as a coach for the rest of my career. I feel like we’re a team and he has helped my business tremendously. So, since I have been in coaching with him my business has grown."

Sabrina Rodriguez -"It was an awesome experience. My husband and I were very pleased working with him. He was very efficient in finding homes for us to look at. Every time I would text him any little question, it could have been late or a weekend, and he was very prompt in responding. He was basically on call at all times with us. If anybody is looking for a good agent I would definitely recommend Joe."

Jonathan -"The results were great. We got our first home. It’s exactly what we wanted and in a great area. It’s something for me and my family, we can see ourselves grow in and it’s just what we needed so it’s perfect. We were looking to buy a house last year and when we reached out again he remembered our whole situation and he remembered the name of my daughter. He just makes you feel at peace and comfortable in a difficult situation. I think he’s a great guy and a great realtor and he’s going to continue his success."

Jennifer -"Oh, I got great results. I met him on a Sunday morning and he said, “I bet I can have this house sold by Tuesday,” and he did. He’s very personable. He really listens to me. He’s a great guy doing a great job. He is definitely in the right profession. He is a wonderful people person. My whole experience with him was like that and if I write that he is awesome in an email or something he writes right back, “Thanks so much!"

Luis -"Working with Joe and the team was great.I was able to meet with him on Friday, we put the house up for sale and by Sunday night we had several showings and two offers. He and his team were really on it as far as letting me know what’s going on and I liked everything being online. It was a good thing for me. It was great to sign the docs online for the most part. He and his team overall were great. Everyone has different responsibilities for the transaction and I think overall the communication was great."

Myron -"The results were exactly what my wife and I expected. He was very diligent and very thorough with explaining things that we were unaware of, but most importantly he was able to prioritize exactly what we wanted so the results were beyond what we expected. We needed an inspection and he was able to be at our place for the inspection for what I believe was a duration of three hours so that right there showed us that he was dedicated to making this experience complete and stress-free for us."

Jim -"We had to sell our home due to a divorce agreement and we were looking for a real estate agent. I heard of Joe from some of our friends so he was one of the agents that we interviewed. Eventually, we had him deal with both, the sale of the house and also the purchase of the house I am currently in. I was really upfront with him at the time and I told him exactly what we needed and he was able to come through. I was expecting at least three months of being on the market and we were in fact on the market for about two weeks before we got the first offer. That was pretty good for us!"