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Sunday, June 29th, 2008Promotion activities
Once you have identified your target market by buyer type and where possible, identified individual and company prospects, the question arises: How do I reach these people in my target market? This is the function of your promotion campaign which involves the use of four “tools”, personal selling, sales promotion, publicity and advertising.’ 6 […]
The New Property Administration pitfalls
Thursday, June 26th, 2008rental, property, mortgage, finance, prepaid, credit-loan, tax, payday loan, personal loan, financial, money
Selling the rental place
Sunday, June 22nd, 2008real-estate, mortgage, liquidation, personal loan, payday loan, debt, consolidation, industrial-supply, office-supply, refinance, insurance, credit, homeowner, rental, credit, money, property
As an estate agent, I first decide where I am heading to
Monday, June 9th, 2008ticket, watches, boat, wedding, airfare, active, science
Considering Real Estate Investment
Wednesday, May 14th, 2008Real estate can and should be part of your investment thinking. This is true even if the only real estate you own is your home. You may think of your home in non-financial terms-a haven from the daily grind, a spot to put your feet up and let your hair down, or a meeting place […]
There Is No “Right” Price
Monday, February 11th, 2008Buying and selling real estate isn’t like retail. You don’t, and you shouldn’t, walk into the real estate “store,” look down the shelves, select your product, and pay the cashier the amount on the sticker. Real estate isn’t really like buying a car either. Certainly, you negotiate with your car salesperson, but the car you […]
Why “Fizzbo” Fizzes
Monday, February 11th, 2008Often a property owner believes he or she will make more money by eliminating the services of a real-estate professional. That’s where all of those “For Sale by Owner” signs come from. In the industry they are referred to as FSBOs (pronounced “fizzbos”). This article recommends that you always work with the best professionals in […]
Elements of a Residential Property Contract
Sunday, February 10th, 2008A contract is an agreement among competent parties to do or to refrain from doing certain things that are under consideration between the two parties. For example, buyer Smith contracts with seller Jones to purchase his property for a specific amount of money. Jones may be required by the contract to certain specifications, such as […]
What Are Your Options?
Friday, February 8th, 2008The options you will have to choose from are numerous, limited solely by your skills and aspirations. If you really desire to own and manage a particular type of property and business, then you cantruly make the experience into something special. The following sections will take a look at the most common special opportunities that […]
Hired to Do a Job
Wednesday, February 6th, 2008Upon approaching an attorney for the first time, many people wonder if they should bow, curtsy, genuflect, or just meekly hand over a blank check. That’s not a good business attitude. True, a good lawyer is worth every penny he or she charges. They’ll keep you out of more trouble than you can possibly imagine […]
Only Buy What You Need
Wednesday, February 6th, 2008Careful Research Will Pay Off
Remember, insurance companies have their ups and downs. The excellent company of a few years back may have evolved into a shoddy version of its earlier self. Ask the people you know about their coverage, especially any horror stories. Log on to the Internet and take a look at their annual […]
Taxes That Look Like Taxes
Sunday, February 3rd, 2008Different cities and towns collect different types of taxes.
You will encounter many different types of city taxes, and you might be surprised to discover that a lot of taxes aren’t clearly identified as such. Let’s look at the taxes that are obvious first. Here’s a list of taxes that may be applicable in your community. […]
Begin with Senior Loan Officers
Saturday, February 2nd, 2008Your first call will be to a senior banking official in the loan department. During the loan application process, you will begin working your way down the corporate ladder to deal with the people who do the actual legwork.
The loan officer will send you a loan package. You’ll be required to complete all the forms, […]
Contract Negotiations
Saturday, February 2nd, 2008All contracts should be created with professional input from attorneys who understand the technicalities of real-estate law.
Before you can sign a contract, you have to have a negotiation. Sometimes you’ll be involved in a whole series of meetings. A contract can’t be executed until the negotiation phase is completed.
Know Your Limits
This is the key element […]
Corporate and Investment Groups
Thursday, January 31st, 2008As a general rule, taxes are due from the owner of a particular property and not the property itself. This is because profits from the property will be distributed during the year or at the end of it to the person or group that owns it. Ideally, cash will be flowing in from rentals all […]
Research the Agency and Lawyers
Thursday, January 31st, 2008Always do your homework before signing with any prepaid legal services company. Check out the organization thoroughly and ask for references. In particular, follow through with the following:
Find out if the prepaid organization is asking for a long-term commitment or whether you can you sign up on a more favorable month-to-month basis.
Determine the organization’s policy […]
Understand Tax Considerations
Sunday, January 27th, 2008Our government’s tax code changes with as much regularity as do laws and regulations governing everything else. We are all subject to taxes, and the amount of taxes we owe varies from year to year. As you buy and sell properties, your tax situation will vary considerably.
If you are invested in a partnership, your group […]
It’s Never Fool-Proof
Saturday, January 26th, 2008The courts are filled with cases involving a lot of those written contracts. Clearly, just signing a contract won’t guarantee you a business free of legal hassles. Even the best-written contract will not always help you avoid problems regarding certain
representations. What does “timely delivery” mean? It could mean “Thursday morning at 8:00 A.M.” to the […]
Dining Establishments
Tuesday, January 22nd, 2008The profit margin for a restaurant owner is always slim. The public is famously fickle, and every day is a challenge. Yet for the property owner who rents space, restaurant owners can be some of your best tenants.
Yes, there is an increased risk of a fire. After all, the tools of the restaurant trade include […]
Commercial Leases
Tuesday, January 22nd, 2008As a manager of commercial property, you will most likely have to pick one of three different types of leases for each property you rent out If you have several properties, you will probably end up working with all three: gross leases, net leases, and triple net leases.
The Gross Lease
A gross lease requires the landlord […]
