Category Archives: Real Estate

Real Estate

Calculating Your Rental Property Budget

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Getting started with owning rental properties needs a lot of considerations before diving in. Possessing these real estate investments is one of the best choices any investor can make. Thus, rental property is among the top investment options in the real estate industry. 

Along with deferred income and tax benefits, investing with a rental property can produce good returns all year round and is not affected by the market’s changes. However, most people are not sure how to get started when it comes to budgeting and managing a rental.

How To Uncover Future Potential Expenses: 

  • Ask local real estate managers: Many property managers would happily provide you with this kind of knowledge. They will help you not just because it’s their expertise, but also because of the likelihood that you might use them as your real estate managers one day. 
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Real Estate

Pros and Cons of Owning Multiple Rental Properties

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Being a rental property owner is something many strive for in their lives. This is because much of the time, owning a rental home is a great investment. The responsibility that goes along with it is great as well, though. Owning multiple rental properties only ups the stakes. As with anything else, there are a lot of disadvantages as well as advantages. Let’s go through some.

The advantages of owning multiple rental properties

Having multiple rental properties has plenty of upsides. Looking at the positive side of things first will hopefully make you see that the flaws aren’t that bad.

It’s always good to have a passive income

If you own multiple rental properties and are able to keep them occupied, not only will you have a steady and secure amount in your bank account, but you’ll also have a passive income. This is certainly always welcome.

A possible business opportunity

A great thing about owning multiple rental properties is that you don’t have to sell only to tenants who are looking for housing. If your property is in a desirable location, you could always rent it out to business owners. This could be a great investment opportunity.

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Real Estate

14 Frequently Forgotten Items When Moving and How to Leave Nothing Behind

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There’s no getting around it. Moving is a physical and mental challenge. It’s disrupting. Home is supposed to be our sanctuary from all the craziness out there, so when that’s in a state of flux we feel vulnerable and unsettled.

And in the midst of preparing, packing and loading, it’s inevitable that something is forgotten and left behind.

But instead of losing sleep by worrying about it all, you can take control.

To Forget is Human. To Use a Moving Checklist is Divine.

Relax, take a deep breath and start making a list. “If that sounds like a simple solution, that’s because it really is,” says Jeffrey Phillip, a New York-based organizer and designer. “But sometimes, life gets in the way and we get too busy to do the thing that will make everything easier.”

So roll up your sleeves and get your priorities in order.

It doesn’t have to be as structured as an Excel spreadsheet, which is a favorite go-to for uber organizers like Phillip. It could be a Notes entry on your smartphone or tablet, or as simple as an old-fashioned notebook.

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Real Estate

Pro and Cons of Buying a Fixer Upper

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Buying a home can seem long and at times, tedious, but you want to make sure you make the right choice when it comes to your new home! With so many options on the market, you may want to decide a few big decisions first, before diving into smaller and vast options for homes. One of the “big-picture” choices you can make is whether to buy a place in need of remodeling because it may be more affordable. With that in mind, there are also some cons to purchasing a fixer upper rather than a move-in ready place. Let’s go through the pros and cons so that you can make the best decision for you!

Pros of buying a fixer upper

Before we get into any details, let’s explain the definition of a fixer upper. In simple words, it is a cheaper apartment, condo or home, requires some or a lot of remodeling. This option is not appealing to everyone, as spending your money on a property that does not promise much does not sound very appealing. However, there are some advantages to choosing this option.

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Real Estate

A Guide to Property Managers Going virtual

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There are many ways for property managers to try to mitigate the dangers of COVID-19 for residents, staff members and themselves. It is seriously important to keep up to date on public health guidelines, and below are seven tips to help steer you and help you thrive through these challenging times.

Prioritize Maintenance

Your duties as a property manager vary. During COVID-19 you will need to limit physical contact between maintenance staff and residents. When maintenance issues arise consider whether the problem is life-threatening or if it is an immediate threat to the property before dispatching employees. If the issue can be resolved virtually use that option. Routine maintenance on building mechanicals should continue to be done to avoid larger problems that may require more physical contact.

Cleaning 

Be aware of health department guidelines about cleaning product efficacy. Disinfectants must be applied using a strategy that minimizes your employees contact with the chemicals. Provide protective gear like masks, gloves, eye coverings and for some products full body disposable suits. These measures may not be physically comfortable but are necessary to the health of your employees. Clean common areas often, especially elevators, railings, and pulls on trash chutes and doorknobs. Touch-less entry systems may be a good investment at this time.

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Real Estate

Tips for Buying Your First Condo

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Have you decided to buy a condo but not sure if there are differences between purchasing a condo or a home? Or maybe you don’t know what you should be looking for? Well, you don’t have to worry because this article is here to help you make sure you are financially geared up before you rush into a decision.

Strategies to Make Sure You Are Financially Ready

Buying a condo for the first time can be tricky, and all you need are essential tips from experts and consultants to help you in this world of real estate. The following are six crucial strategies to help you become successful in owning a home. They include: 

Budgeting Your Finances 

It advisable you jot down the critical points to help you in handpicking the best home. A condo has a lot of specifications and in getting it, requires proper planning of finances to make sure all the amenities and stocking of the house is well budgeted for. 

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Home Buyers, Real Estate

Do Existing Personal Loans Affect a House Purchase?

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Are you planning to purchase a house but have an existing personal loan? Do you want to know if it will affect your purchase? Many individuals that are planning to buy a home are asking the same question. 

It is important to be independent and have your own space where you can rest and get cozy. Being independent will also help you grow as an adult and learn to live alone without your parents. 

Therefore, purchasing a house would be one of the most significant decisions you can make in your entire life. Continue reading to know the answer, so that you can properly plan your purchase according to what is best in your situation.

Will Existing Personal Loans Affect my Purchase?

An existing personal loan can affect your plan of buying a home. Whether it is a good or bad effect, may all depend on the situation. An unpaid personal loan can reduce the amount you can borrow in the future. It could also significantly affect your credit score, depending on how you handled your debt. 

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Press Release, Real Estate

Realty Executives International Launches Digital Marketing Executive Course for Continuing Education During COVID-19 Outbreak

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Realty Executives International has launched the newest addition to their exclusive training suite, the 2020 Digital Marketing Executive course. This four-week certification course is offered annually to all Executives, Broker/Owners and office employees of the Realty Executives’ franchises. 

The educational event is held virtually twice per week for four weeks. Brand leadership including President, Patrick van den Bossche, and Vice President, David Celaya, are joined by various guest speakers to lead the network through a multitude of topics pertaining to real estate in the digital world. Topics include: social media advertising, leveraging your CRM, perfecting online profiles and more. The goal of the DMX certification is for all attendees to leave with a digital strategy and execution plan for their business. 

Realty Executives International launched the 2020 course, understanding the evolving state of real estate and the opportunities for business that lie ahead. As many agents and brokers are having to adapt to staying distant from clients, the brand wanted to provide different opportunities to utilize downtime and connect with clients through digital channels. By providing the training course free-of-cost, Executives and Brokers are able to provide better service to home buyers and sellers around the world. 

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Homeowners, Real Estate

Does a New Roof Boost Your Home’s Value

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Are you considering putting in a new roof? Sure, this isn’t a project that’s quite as popular and snazzy as remodeling your home’s interior. However, it does have some advantages, especially in improving your home’s resale value; not to mention the newer and nicer appearance, the improved warranties and lower bills. Still, there are a few different factors to keep in mind when thinking about a new roof over your household. With that in mind – we’ll take a look at some of the most pressing ones.

Your New Roof And Home Value

Naturally, one of the main remodeling ideas behind putting in a new roof is to protect your home beneath it. However, there are other practical advantages, such as having better insulation. Plus, if you’re going to use one of the newer roofing materials, your summers won’t be quite as unbearable; the heat will be reflected from your rooftops instead of being absorbed. In terms of comfort and lower utility costs for AC, this is a great relief. 

And the functional additions aside, even if you just put in newer asphalt shingles, there’s an aesthetic appeal to think about as well. Of course, there are plenty of options available to you, including natural wood; many homeowners prefer it due to its objective and natural appearance. 

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Real Estate, Travel

Best Apps to Get to Know Your New City

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Navigating a new city is hard. Moving is one of the most stressful things a person will do in their life. Luckily, our phones make the transition a little easier by having a plethora of apps to download in order to thrive in your new home.

Apps to meet new people

We are social animals. We need people – simple as that. Making friends in your new city will be one of the first things you’ll want to do, and these apps make it so easy to connect with new people!

Meetup

Don’t just stay at home every night binging your latest TV addiction. Get out there and meet like minded people! Meetup makes it easy to do that. Whatever your interests are, Meetup most likely has a group for it. Whether you’re into running and want to train for a local race, a reader looking for a book club or an outdoorsman looking for people to hike with, Meetup has kindred spirits just waiting for you.

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