Posts Tagged ‘Makras Real Estate’

Victor Makras on Ensuring Your First Rental Property is a Success, Part 2

May 19, 2011
Based on nearly 30 years of experience in the San Francisco real estate business, Victor Makras provides tips for new landlords.

Victor Makras on Ensuring Your First Rental Property is a Success, Part 1 here

Know your local tenant rights and obligations

Once you sign a lease with a tenant, both of you have rights and obligations under the Lease and under local laws and ordinances. Avoid  pitfalls by understanding the procedures and requirements necessary for evictions, maintenance, and resolution of other issues. Also, if you live in a jurisdiction with rent control, you will be  limited as to how much you can raise the rent once the lease is signed, so make sure you carefully calculate a rate that meets the current guidelines.

Have your maintenance team in place in advance

If you rent out the unit and something goes wrong, it will be very expensive if you don’t know where to turn for repairs. Have an electrician, plumber, and general handyman on call, so that you can quickly resolve the issue. Also budget for regular upkeep and maintenance work.

Have cash reserves for emergencies.

You will have periods without tenants, or a tenant may fail to make a payment on time. Having the cash reserves on hand to cover a few months of mortgage payments will ensure that you can weather any eventuality. It also prevents you from rushing into a less-than-ideal rental situation that could prove more costly in the end. No tenant is often better than a bad tenant, and the flexibility to wait for someone qualified  to come along will pay dividends in the long run.


San Francisco State University Center for Modern Greek Studies

April 27, 2011
An accomplished real estate executive and President of Makras Real Estate in San Francisco, Victor Makras serves as a Board Member of the San Francisco State University Center for Modern Greek Studies. Founded in 1981, the SFSU Center for Modern Greek Studies exists as a teaching, research, and administrative program of the SFSU College of Humanities. According to its mission statement, the Center seeks to “promote the study of modern Greek language, literature, history, and culture in relation to its earlier Hellenic and Byzantine civilizations.” The SFSU Center for Modern Greek Studies also maintains the Nikos Kazantzakis Chair, established in 1983 to support the academic and cultural activities of the program.

As part of its academic programming, the SFSU Center for Modern Greek Studies awards an Interdisciplinary Minor in Modern Greek Studies at the Bachelor of Arts level. Coursework within the program includes Modern Greek language, literature, history, and anthropology. To supplement its academic offerings, the SFSU Center for Modern Greek Studies organizes a number of cultural events such as film screenings, guest lectures, art exhibits, and concerts.

The SFSU Center for Modern Greek Studies also contains a comprehensive selection of literary works, housing approximately 2,000 volumes at the Kyriakos Tsakopoulos Modern Greek Studies Collection. Additionally, the SFSU Center for Modern Greek Studies plays host to the Northern California Greek American Archive, which houses a number of oral histories and written materials relating to the experience of Greek American immigrants in California.

The off-campus, non-profit Modern Greek Studies Foundation awards an annual scholarship named after Emeritus Professor and founding director of the SFSU Center for Modern Greek Studies Thanasis Maskaleris. For more information on the Thanasis Maskaleris Scholarship, or to learn more about the SFSU Center for Modern Greek Studies, visit the website at

First-time Seller’s Guide to Real Estate, Part 2

January 3, 2011

by Victor Makras

First-time Seller’s Guide to Real Estate, Part 1 here

In the final segment of our first-time seller’s guide, we dispense a few final pieces of practical selling advice.

Tip #6: Make Yourself Scarce
When buyers visit a home for a showing, they want to leisurely stroll through the house without its occupants around to distract them. Arrange plans and activities during showings so visitors feel comfortable looking around your home. Before you leave, make one last cleaning sweep through your home; get rid of clutter, and hide personal effects.

Tip #7: Understand Your Market
Throughout the process, your real estate agent has likely helped you study and understand the seller’s market. This should help you understand selling trends, such as what buyers do and do not want in a home. Follow those trends to make your home as appealing as possible.

Ask your real estate agent to help you understand your competition; other homes similar to yours are probably on sale as well. Study these homes, find out what makes their prices higher or lower than your own, and decide if you should take similar measures in setting the price of your residence.

Tip #8: Be Realistic
Knowledge of the market will help you determine a feasible price for your property. Do not aim too high if homes in your area are not selling at certain prices, but do not aim too low either; properly priced homes sell !!!