Buying an Apartment Complex

  • For Sale Sign – Most of the time, you won’t find a for sale sign in front of apartment complexes that are for sale. These signs have a way of making the existing tenants nervous. They may panic and decide to move quickly, to avoid the changes that may come with getting a new landlord. This raises the vacancy rates, which brings the value of the property down.
  • Private Searches – When looking for an apartment building to invest in, your best bet is to work with a real estate broker or search online. Once you see something interesting, get in your car and drive by the property. Be sure to drive by during the day, so you can see the physical condition of the property. Then, you want to go by at night as well. This will give you a good idea about how the area, tenants and complex are when they think no one is looking. If you like what you see, contact your broker to see if you can see some of the units or inside the building.
  • Check the Numbers – This could be by far the most important thing to examine. You should check the

Analyzing A Potential Deal

Pine Financial Group works with hundreds of private investors. Most, if not all, understand the security in what we do and have a high level of comfort with the risk. Sometimes I talk to a potential investor about investing with us and they cannot get their arms around it, or they see it as a risky investment. For example, a doctor that my family has been seeing for over 10 years has known what I do since I started doing it. I approached him once about working together, and he quickly shot me down. We have talked about what he is invested in, and it was clear to me that he basically has a zero tolerance for risk. Someone like this needs to do whatever it takes to preserve principal, so they focus on that and little else. What ends up happening is they invest their money in the bank paying less than inflation. On the flip side, I know investors that invest millions into business and real estate that are purely speculative. I think there is a balance somewhere in the middle, but each investor will need to balance their tolerance for risk with the expected returns and just …

Factors to Consider When Getting a Property Management System for Your Hotel

It should be easy to use

The best kind of technology is that which is absolutely easy to use. The longer it takes for you to wrap your head around the system, the more quickly you’ll get fed up of it. Besides, hotels are famous for their high turnover rates, and the software is likely to be used by young executives and experts alike. The system should be such that it requires minimum training for people to get comfortable with it.

It should be mobile compatible

Gone are the days when technology was restricted to personal computers attached to a desk. This is the 21st century and unless your technological solution can literally walk with you, it’s useless for all intents and purposes.

Any PMS you consider should be able to connect and send information to mobile devices. It should be able to communicate with you no matter where you are and what device you are using, including mobile phones, laptops, tablets, and personal computers. Not only does this promote operational efficiency, your staff will also be able to deliver great guest service on the go.

It should be easy to integrate

The PMS you select should have APIs that …

Get A Cash Offer On Your Home

When you sell a home through a real estate agent, there are many steps along the way that can delay the process. Some of the most frustrating are having to wait on buyers to obtain financing, which can turn a potential deal into one filled with chaos, especially if the buyer is declined financing by their lender. However, investors are usually ready to pay cash for their purchase, and also have the ability to close the deal far quicker than traditional buyers.

When you choose to focus on having an investor purchase your home, you’ll usually have much greater flexibility when working out a deal. This can be particularly important if you still have a mortgage on your home, since this can sometimes be a sticking point in negotiating a deal with a buyer. However, since investors are more willing to take on an existing mortgage, it’s possible to sell your house fast much easier than you anticipated.

When you are eager to sell your home fast due to an illness, job relocation, divorce, or inheritance, you may not have the time or money needed to make one repair after another. While this may hinder you selling your home through …

Eco-Friendly Home Construction

Investing in the system of rainwater harvesting is also a great step towards the green movement. Drive ways and pathways must be permeable, so that the rainwater can easily seep in the soil. Using SFC certified woods for the wooden fittings is highly favorable for an eco-friendly house construction. Employing low or no VOC paints to coat the walls of a house helps to create healthier and safer living conditions. VOC paints emit harmful gases in the air, which pose serious threat to the health of the residents of a dwelling.

Harnessing the energy of sun by installing photo-voltaic cells and solar heaters in the house helps in lowering utility bills by reducing electricity consumption. Higher reflection of a light-colored roof, in comparison to a dark-colored roof, helps to reduce the heat buildup inside the house. In addition, a light-colored roof also lasts longer, since the amount of heat that is absorbed is quite less, which prevents it from expanding thermally. Green construction handles both, movable and fixed, items of a house. When it comes to the interiors of a house, furniture is probably one of the most important things. To have a green lifestyle, recycled wooden furniture makes the …

Mobile Apps for Commercial Real Estate

Honest Buildings

Honest Buildings is an application directly targeted at commercial real estate contractors and vendors. A self-proclaimed “cross between Yelp and LinkedIn for the build world,” Honest Buildings is all about efficiency and precision. It allows users who are looking to renovate a property to connect with vendors who showcase their work on the app. The app provides owners or brokers in any commercial office a forum to find and hire the right vendors for the right project. With a streamlined system, you do not have to worry about doing reference checks or pricing out various bids. Perhaps, one of the best features of Honest Buildings is that it’s completely free for project owners and fast.

HelloSign

The HelloSign app represents the direction that the commercial real estate industry is headed. A mobile scan-and-sign app, HelloSign supports the green movement as it promotes paperless security for commercial real estate professionals. It allows its users to scan and sign a document by taking a picture of it on a mobile device. In addition, the app doubles as a PDF editor which allows the user to make last-minute changes to a secure document before sending it off. The app has a …

Land for Sale in Craigieburn

A few of the exciting land developments on the move in Craigieburn are Stockland’s Highlands and Mt Aitken villages, and Peet’s Aston community.

Within Highlands is a very appealing section known as Riverview, which includes direct access to the great outdoors – Malcolm Creek Regional Park is an ultra-impressive open space with a fantastic adventure playground. Riverview is also within close proximity to quality educational, shopping and sports amenities, and the planned Highlands Hotel and Entertainment Complex.

Similarly, Mt Aitken appeals for those wanting contemporary living in a relaxed fashion. And that’s not forgetting its aesthetic attraction, with a natural habitat enhanced by stunning views across the Macedon and Kinglake Ranges.

Within Mt Aitken considered Highlands’ premium address are large elevated lots some with panoramic plateau and only a short distance from Royalden Park.

A visit to check land sales in Craigieburn isn’t complete without a visit to the various display homes offered by Homes Builders throughout the area.

Mt Aitken is surrounded by schools, shops, sporting facilities and nature reserves. Its new land owners will acquire the convenience of Stockland Highlands Shopping Centre comprising 22 specialty stores and a Woolworths Supermarket, Hume Global Learning Centre and Library, Class-A recycled …

Property Management Companies

The first thing that you should get to know is whether the company is licensed and recognized by the right body. You need to ensure that you get to know what kind of properties they manage and then get references. You should never move on with the deal if the company does not want or is not able to give you the necessary documentation. When you see the documentation, then you can comfortably say that their operations are legitimate.

You should also get to know the following things about the company:

  • How they set and collect rent
  • How maintenance and repairs are handled?
  • If property inspections are done
  • Retention and marketing of tenants
  • How the tenant and owner funds are handled?
  • How they do tenant screening.

The other things that you should talk to them about include:

  • Their management fees
  • The management contract

The above should be done to about three companies that you may have shortlisted before you can hire them. You should remain vigilant and don’t settle for the first company that you come across regardless of how good they seem to be. There is really no harm in talking to other companies. Talking to others confirms that …

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