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Rental Property Advertising

You Must Have Professional Photo’s.

It will cost from $200 and up and you could even get a video to post to You Tube and Other Websites. In today’s digital world everyone starts the process of finding a home to rent or buy sitting at a computer. And this makes professional pictures and video a must have priority. Don’t cheap out here!

Ad Copy

Companies spend billions of dollars on formulating ad copy trying to get us to buy their products. There are mountains of books and expensive courses dedicated solely to crafting words that move people. Don’t cheap out here either. The words you write need to motivate people to call you before anyone else. Write – Re Write – Study Other Ads – Get Second and Third Opinions – Re Write – Re Write…

Your Professional Photo’s and Ad Copy will be used in all your online advertising and printed flyers and can be re-used whenever necessary. Which adds to the return on this investment.

FOR RENT Signs

Use a professional quality lawn sign and sign post similar to the signs Realtor’s use to advertise homes for sale. Add a Sign Topper or Sign Rider with the URL …

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Investing in Apartments

Many investors have thought about apartment buildings, but just do not know where to start. They have perceived barriers in their way, and simply never get started. This is a shame because apartments are one of the most profitable places you can invest, and one where you can start with very little, and grow your wealth fast.

I have worked with some of the top apartment owners in the country, and they all share several common traits.

Here are the most important things you need to keep in mind when investing in apartments:

  • Always be learning.
    All of the most successful investors I know are constantly working on their education. They are also all voracious readers and read several books per month. This commonality is not at all surprising because it is a trait found in successful people in all areas of business. If you are serious about getting started investing in apartments and becoming a success, you will need to dedicate yourself to education on the subject. Sign up and read the industry trade magazines. Attend the seminars and trade shows that you find interesting. Continue to read books not only on real estate, but other business, finance,
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Real Estate Virtually

Internet has a major role in pacing up our lives almost on every front. The emerging virtual world of the real estate is a good example of it. People prefer to search for a product online before they actually buy it and it applies to property search as well. Online property search is catching up fast, be it a residential or a commercial plot, building, flat or office space. A customer can view all the options available on the internet and shortlist those which are relevant to his needs.

So for people, who want to sell or rent property, it’s an advantage to be on the internet because-

  • It’s a cost effective medium as compared to other advertising mediums like the newspaper or the TV.
  • Gives you more space to describe your property than a print media classified ad where you are being charged for each column centimeter.
  • You ad has a longer life on the net and can be viewed for months unlike a newspaper ad, which fails to survive beyond one day.
  • Buyers from any part of the country can view your ad thus increasing the reach of your ad exponentially.

Tips on Selling

  • Decide a selling price

Owning Rental Properties

  • Comparisons/ competitive, opportunity costs, uses for your money: Does buying and owning a particular property, maximize your possibilities, and return on investment, when compared to other alternatives and uses? In other words, will doing so, provide, you, with the most, bang – for – your – buck? When considering any real estate investment, begin, by fully evaluating, not only, the initial, purchase price, but, also, how much, will be needed, both in the shorter – term, and longer – term! Take the purchase price, plus the more immediate (first 2 years of ownership) costs, incurred, and involved. Then, conservatively, consider, and use, the anticipated rent – rolls (look at the local market, and competition, and use an 80% figure, meaning, four – fifths of that number, to see your rate of return). Seek a minimum, 6% rate of return (for example, if the property purchase plus short – term price is $500,000, your full rent – rolls should be approximately, $37,000, so your 80% – figure, is roughly, $30,000, or 6% of the cost figure). In addition, compare this to the opportunity – costs, for your money, or, what you might, probably, receive from other investment vehicles).
  • Reserves: We suggest

Important Part of Conveyance

Conveyance is an integral part of buying your home – it helps ensure that your transactions go without a hitch, and that everything happens in a legal manner. A solicitor or specialist licensed in conveyance can be a big help to you, since he has specialized knowledge in the topic and can easily alert you to any problems that may arise in the course of your business. But before you negotiate the terms of your purchase, or indeed, before you decide which house to buy, it is a good idea to have a survey conducted of the property first.

Few people believe that it is important to have a survey done on a property that they are about to buy, largely because they think that the survey done for the purposes of fixing a mortgage is sufficient. However, the mortgage lender’s survey is only performed to establish a monetary value for a house.

It does not tell you anything about whether the price you will be paying for the property is fair, or if the house has any structural defects you should know about. That is why you should also look into getting a homebuyer’s report or a building survey.…

Home Buying Negotiations

Ask for something in return.

Typically, transactions inside a home sale should be give and take. Sellers put specific price tags because they want money in exchange of their property. Buyers inspect the house and see appliances not included in the seller’s listing. Then a higher price than that of the seller is raised. This is when counter offers start. Whether or not the seller or buyer would give in to some demands, the counter offers can go back and forth. Sellers and buyers alike should remember that counter offers are made because they want something from this.

In simple philosophy, counter offers are done to tap into either a buyer or a seller’s fairness. In response to changes in prices made from both sides, requests are also slowed down.

Give incentives.

During the counter offer, remember that you should give when you want to take something. Thus, incentives in different forms will likely help. If you are on the seller side, offer buyer like paying for homeowners’ association fees for a specific period. Incentives can spell some trick on the buyer. You have just to be creative yet respectful in putting up your incentive offers.

There are so many …

Buying Off the Plan Property

In most cases you pay 10% of the purchase price and are entering into a contract with the developer. The balance is paid upon ‘settlement’ when the building is completed. This can be anywhere from a few months up to two years after the initial contract is signed. Most ‘off the plan’ purchases are apartments but townhouses, villas and land packages are also available.

The Benefits Buying a property at today’s prices and settling later is a tempting proposition, especially in a rising market. If the buyer isn’t willing to assume the risks associated with off the plan purchases, they may end up paying more for the same property when it is completed and the best apartments in the building may have already sold.

Delayed settlement gives you more time to save for your deposit and plan for mortgage repayments. Another benefit for buyers purchasing new strata units off the plan is the ability to select or vary finishes and fixtures, giving you the opportunity to make certain changes to suit your own taste.

Market Conditions The big unknown when investing off the plan is whether your purchase price will reflect market conditions upon settlement. So is now a good …

Effectively Selling A Home

  1. Strategy: The finest representation, requires a clear – cut, focused, meaningful, relevant strategy, based on a number of relevant factors, etc. The process must begin, with a discussion between agent and client, and agreeing to proceeding, on the same page, focused on the best way, to market a specific property, in order to achieve one’s needs, and objectives.
  2. Pricing: Creating the best, initial listing price, means doing so, not based on emotion, and/ or pie – in – the – sky, wishing, hoping, greed, or unrealistic expectations. Quality agents will discuss pricing strategies, and which, might make the most sense, in the specific market, local area, and time. A meaningful rule – of – thumb, should be, to price a house, right, from the start!
  3. Marketing; same page: Successfully marketing and selling a specific home, requires agent and client, to be on the same page, and commit to their agreed – upon, strategy. Homeowners must do all they can, to make their houses, readily available, so the most, qualified, potential buyers, are able to view it. When you get many views, you optimize your marketing efforts and possibilities! Homeowners should interview potential agents, and have a thorough discussion on how,

Money Saving Apartment Decoration

If you are certain to alter some elements of the apartment, the next thing that you should do is making a plan. Rushing might turn into a boring environment. So, check the magazines, web, and experts for professional advice and inspiration. This type of planning will also help you save money in buying things that are worth. As what I have been saying, all elements and colours shall possess harmony. To help you, spend some time reading the following to get the best money saving apartment decoration ideas.

Sofa Covers

Buying new set of sofa or chesterfield for the apartment is indeed costly, especially if you are not certain with your work and with the new environment. That is why; instead of buying new set sofas, use the sofas from your old home and do something about it so that it look sophisticatedly new. This can be done through procuring sofa covers or slipcovers. A slipcover indeed cost less than having new sofas for the apartment.

Accent

People who are new in their work and especially college students are likely to have funds just enough for their daily necessities. But, you can perk up the atmosphere of your apartment through …

Green Real Estate for Homeowners

Green properties are not only for the environmentally conscious people. Green real estate offers numerous practical benefits to every homeowner. For instance, if you use low-flow plumbing fittings and energy-efficient devices in your home, then you can literally save a lot on water and utility bills. Also, if you have an alternate source of energy, then you can substantially lower down your increasing energy bills. In the older homes, several appliances, which might be available since seventies or eighties, would likely be using a lot of electricity. By updating all such appliances with the modern energy-efficient ones, the homeowners can save a great deal of money. The initial costs are usually a deterrent, however as a homeowner would likely be staying in his house for several years, the costs of upgrading are outweighed by the long-term savings.

Besides, use of solar panels is also one of the various ways in which a homeowner can go green and enjoy advantages of the same. Those living in the high sun regions can benefit from numerous government programs, which subsidize your purchase and installation of the solar panels. Though the initial expenses for the solar panels may seem to be jaw-dropping, but in …

Rents in Class A & B Apartments

The resident mortgage underwriting standards remain stringent. It is difficult to obtain a mortgage, even those offered by the Federal Housing Association. FHA loans are intended for lower-income buyers. Impaired credit is often the reason the option is not available to them.

Yesterday’s class A is class B today. There is a significant demand for class B apartments. Even those with no major renovations are experiencing rent growth, just not at the same rate as those that underwent significant renovation. Significant renovations include more than new appliances. The whole package includes cabinetry and a new leasing center.

Competition

The gap between class A and class B is so wide that it is unlikely the class A rent will be within reach of current class B renters. Even though the competition between class A properties may cause rents to fall, the difference varies by 4.1 percent nationally.

There is little or no competition for new class B apartments. The inventory has declined in recent years due to demotion, conversion, etc. There has been no adequate replacement. The lack of replacement presents the opportunity for rent growth for class B.

The supply of multifamily units coming on line at present exceeds the …

Knows for New Investors

  1. Take advantage of free resources. Things like internet searches, downloadable documents, and networking events accelerate your efforts. Back in action, ready for a deal. Yes! I just knew I’d have more properties in no time. Unfortunately, it wasn’t that simple. I kept running into properties that didn’t pan out. I couldn’t believe it! I had financing options with no deals to close. Then I realized why I was stuck, AGAIN. Solely focused on financing, I placed no effort in actively pursuing a deal. At the time, I figured I had to achieve one goal before beginning on another.
  2. Success is not linear. Work on your goals simultaneously to maximize on time and efficiency. Had I owned this mindset, I would’ve closed on my next deal sooner.
  3. JUST GET STARTED, embrace risk. Never stray away from pursuing what you want regardless of the challenge. Things may not happen as planned. Commit to the end-goal and you will earn the result you desire.
  4. Don’t place all your eggs in one basket. Although necessary, risk should never be painstaking. Fortunately, my investment was cash-flowing and I officially became an entrepreneur. High on investing, I planned to move forward with another deal. What does

Assess A Property Development Site Quickly

If it is an existing industrial property it’s a reasonable bet that it is zoned for industrial but if there is residential uses in very close proximity then it may be zoned residential/mixed use. First call; the local council land zoning maps. Either give the local council a call or get onto your smartphone or tablet and have a look yourself.

If you are looking at a house block (or two) in an area with many apartment blocks in close proximity then it is likely to be zoned residential. A quick call to the local council can confirm this.

As most people are interested in residential development I will focus on residential “quick assessment”. You may have heard about “back of the envelope” feasibilities; well that’s what I would do now. Note that everyone has their own way of doing things, this is my way and you might not agree with it; that’s fine though. This works for me and that’s why I use it.

Lets say you had a 2,000 sqm block of land and there are 4 or 5 storey apartment blocks near you. To me this means that you could develop about 4,000 sqm of gross floor …