Moving has always been a daunting task and everyone generally ends up saying – “Never again!” However, everyone has to move to a new place sooner or later. So, here are some tips to make your moving a simple and stress-free experience.
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The pre-moving project can be divided into the following categories based on the time before moving you out. Continue reading
Selling a home is never a piece of cake; however, bad neighbors can push the prospects further down. A U.S. appraisal group has even stated that the problem of bad neighbors proves costly for home sellers as it is known to have reduced the property value by 5-10 percent.
So while you allocate budget to improve the interiors and curb appeal of your home, you might just need to keep money ready to pay for improving your neighbor’s yard if he is too reluctant to care of things out of his own pockets.
Here we discuss ways to deal with some commonly observed neighbors’ problem that may derail a sale.
If your neighbor simply doesn’t bother to remove the jungle that has grown in his yard, go speak to him politely. If your neighbor is broke, and can’t afford to get it cleared, offer to get it done by the professionals at your own expense till the house gets sold. If you are friendly with the neighbor, offer help to get the lawn pruned. In case, the neighbor pays no heed to your advice, you may call the city and ask for a cleanup. This is possible, as many cities have guidelines for taking care of yards in neighborhoods. Continue reading
Every year people make New Year’s resolutions with the aim of improving their lives in all spheres. As a landlord, you too should be taking a closer look at New Year’s resolutions, as it will help you stand out as a landlord and also let you retain tenants and increase your profits in the New Year.
Here are 10 resolutions that you can make this New Year to transform yourself into a successful landlord.
1. I will actively search for new tenants
Are your tenants causing you more stress than you can handle? It is time to begin searching for new tenants. Have a proper screening system in place, so that you get tenants who treat your property well, pay rent on time and adhere to the terms and conditions of the rental lease. Continue reading
Renting out apartments is not a bed of roses for landlords. It is definitely a good source of revenue, but brings along various headaches created by tenants. Here are top 11 such issues that landlords face and ways to tackle them.
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1. Property Management
Maintaining a property is the biggest challenge for any landlord. You will have to take care of the overall cleanliness, regular maintenance, wear and tear and rent collection. However, you may have to tackle other issues as well, including nuisance complaints by neighbours, maybe non-payment of rent and also ensuring tenants are happy with the property. Continue reading
Many people assume that if they invest in real estate, they will be able to realize a profit quickly and easily. However, this is not always true. While the demand for commercial real estate is surging, as a first time investor you need to be prudent about your investment.
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If you want to be a successful commercial real estate owner you can’t be satisfied with amateur knowledge. This is one area of real estate where you require a fair amount of expertise and adequate know-how. Apart from knowing all about the right capital to buy a particular property, you must also have sound knowledge of the market conditions to make a good investment.
To make things easier for all the beginners out there, here are 8 steps to owning a commercial real estate.
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1. Ask yourself few very important questions
The very first step before you purchase a commercial real estate is to know what your situation is like and what exactly you are looking for. To analyze the situation, it is important to ask yourself the following questions: Continue reading
Real estate investing is one of the most lucrative ways to use your capital. However, it can also cause you to lose your way if you don’t know the ropes of real estate investing. While it is completely normal for newbie investors to learn from their mistakes, setting a few ground rules will help you avoid major and embarrassing mistakes.
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Write Your Real Estate Investment Goals
Before you start investing in real estate, list down your goals. When you have your goals written down, it will be easier to work towards them. You will be able to chart a roadmap to help you attain your objectives. Things like how many properties you want to buy; type of properties; and how much money you want to make from your investment each month will help you clear the cobwebs and pursue your dream of becoming a successful real estate investor. Try and be as specific as possible, so that there is no room for doubts later on. Keep checking this list and updating it as you progress. Continue reading
Buying an apartment complex can be a smart investment decision provided you make the right moves. Selecting the right building, applying for the loan properly and discussing things with professionals can help you take a prudent decision.
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Decide on the type of apartment complex you want
While some buildings are completely residential, there are buildings which are designed for mixed use. Such buildings have a combination of offices and residential units, however a major chunk of it is allotted for residence. You should look for a complex with a grading of C+ or higher. In such a building you cannot rent units on a daily or weekly basis. Continue reading
Not every house is perfect. Some homes can have a few chinks that can cost the owner quite a bit to fix. If you are the proud owner of such a home, you have a fixer upper on your hands. Do not dread, as there are several such home that are sold successfully every single year. Buyers often view fixer upper homes favorably because they feel they are getting a good deal and they also have their freedom to put their own touch to the house when they are getting it renovated.
Here are a few tips to help you successfully sell a fixer upper.
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Find the Perfect Realtor
It is mandatory you find a real estate agent who has experience in selling fixer upper homes. It is best to contact several such agents and ask them questions. Find out how many such homes does the agent sell in a single year; what is the average time a listing stays on the market; and finally what percentage of the list price is the agent successful in getting from each sale. It is important the agent answers these questions honestly and does not offer vague and ambiguous answers. Opt for a realtor that you feel comfortable working with. Continue reading