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About Michael Penrod
Your agent for Phoenix-Metro Homes
I'm an Arizona native with family and friends spread out throughout the Valley of the Sun. I grew-up in the Biltmore area, live in North Central Phoenix, and invest in real estate throughout the valley.
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Michael Penrod
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Real Estate Advice
Homebuyer Tips
How To Use Color Trends To Make Your Home Decor Stand Out In 2023
Your home is a reflection of your personality, and the colors you choose to decorate it will play a crucial role in creating the ambiance and the mood of your living space. As we enter spring, the season of revival and rebirth, it’s the perfect time to start updating your home’s color scheme to keep it fresh, stylish and inviting. In this article, we’ll ...
Homebuyer Tips
Best Places To Live In Virginia
When looking for the best places to live in Virginia, you will not be disappointed. Located on the southeastern coast of the United States, Virginia is filled with rich history, natural beauty, and diverse communities. With its close proximity to Washington D.C. and the Atlantic Ocean, Virginia offers a unique blend of urban and rural living that makes it an attractive ...
Agent Advice
Content For Real Estate Agents: The Top Strategy For Success In 2023
As a real estate professional, you probably wonder why creating content for real estate agents has anything to do with the job, itself. But companies and agents picking up the routine made it evident that social media marketing and a solid overall web marketing strategy with content can be much more effective than paid advertisements. Well, as an agent, your ...
Agent Advice
Pros & Cons Of Being A Real Estate Agent
Before starting a real estate agent career, learn about the pros and cons of being a real estate agent. Weighing the benefits and drawbacks allows you to make smarter decisions about your future profession. A career in real estate may give considerable benefits. It can also provide various problems that must be overcome. It is a career that involves hard labor and ...
Agent Advice
Best Paying Jobs In Real Estate
Have you ever dreamed about a career with a 6 figure salary? Most people certainly have. What most people haven’t dreamed about, though, is how to get that amount of money. The reason for that might be that the goal seems to be lightyears away from reality, or it’s hard to make a move from the warmth of the comfort zone. Also there are people who are just ...
Real Estate Glossary Terms
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Contract Price
Selling price for a property less assumed mortgages by the buyer. For tax purposes, the computation of the contract price is critical. ...
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Rental Concession
Reduction in the normal rental charge to attract prospective tenants or keep existing tenants at lease renewal. Discounts may be given to obtain a higher occupancy rate, make it easier of the owner to derive bank financing, induce a large retailer to relocate, or stimulate a longer term lease wit ...
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Cash Refund Annuity (lump Sum Refund Annuity)
If the annuitant dies before receiving total income at least equal to the premiums paid, the beneficiary receives the difference in a lump sum. If the annuitant lives after the income paid equals the premiums paid, the insurance company continues to make income payments to the annuitant for life. ...
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Owners And Contractors Protective Liability Insurance
Endorsement to owners, landlords, and tenants LIABILITY POLICY, MANUFACTURERS AND CONTRACTORS LIABILITY INSURANCE, or other liability policies for business firms that provides liability coverage for an insured who is sued because of negligent acts or omissions of an independent contractor or subcont ...
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Single Risk Cargo Insurance
Marine cargo coverage for a single shipment of goods. Also known as special risk insurance and trip cargo insurance. Contrasts with open policy cargo insurance that covers all of a shipper's goods in transit. ...