Hiring a Property Management Company – Pros and Cons

Owning rental property can be a lot of fun, but it can also be a lot of work. While many landlords have really amazing experiences, there are just as many who do not. By hiring a property management company, you can take the worries and time-consuming tasks that come with managing a rental property and pass them along to a professional. Before you make a move towards hiring a professional rental management company, take stock of your property and decide whether or not the costs will be worthwhile.

The Pros of Hiring a Property Management Company

They Can Find Tenants for You
A professional management company can handle the marketing for you and your property, placing ads and screening calls from prospective tenants. When someone responds that fits the qualifications you have given the property management service, the company will call you!

They Can Act as Your Liaison
Good customer … Read More

Do I Need an LLC for My Rental Property?

LLCs and real estate seem to go hand in hand these days. Anyone to whom you speak that dabbles in real estate investing understands the need for liability protection, but may not understand the proper way to protect themselves. Their insurance broker may have told them that an umbrella policy will do the trick, but I am of a different opinion. Using an entity to hold real estate is a fantastic way to protect yourself from liability, provide some tax benefits and give you peace of mind that your personal assets are protected.

Many clients come to me before they buy a rental property to understand all of the ins and outs of real estate investing and how to protect themselves. Now, there are many different ways to structure a real estate investing empire, but I want to focus on using the LLC to hold property. An LLC, or Limited … Read More

Selling Your House To A Property Manager – What To Consider

Selling a house is not as easy as it might seem. This is a process that can take a long period of time, especially if you have a home that is not as modern as many buyers would want it to buy. But when you choose to sell it out to a property company or manager, then the process is made less tedious for you because they buy it as it is without you having to make any additional changes to its current state. But even when choosing this seemingly easier path, there are still things that are very important for you to consider.

The options

The least you can do when selling your house is being comfortable with the path you choose to take. You have the option of selling the house on our own, using property agents or selling it fast and easy to the property managers. Weigh … Read More

How To Buy The Best Real Estate Property For Investment

Many people are looking to buy a real estate property. They can use this as an investment or as a place to build a house. In any case, it is important for anyone to realize the importance of some buying tips. This way, you can easily get the most value out of your purchase. Of course, if you want to invest on a property, you have to make sure it is problem free. On the other hand, you could also use the property to build a new house. Usually, people are buying real estate assets for the family. Therefore, it is best that you could choose one without problems. Here, we will give you a few tips on how you can select a good real estate property.

One thing that you need to consider is to find a good location. The location of the property spells its true value. The … Read More

Rental Property Management: Is It Really Worth It To Hire This Service?

Why should I hire the services of the rental property management organization to look after my property given on rent? It would be the first question from every landlord who has given his property on rent, if you ask them to use the services of any such group existing in your city. You will agree that when a person lets his house or any part of his house for rent, his main goal is to earn profits from it to enjoy a better life and make payment of his various bills.

Giving a house on rent is one of the oldest practices carried across the world. If there are any used parts at home, people give it on rent to earn extra income from that part. To a certain extent, this practice seems possible to earn more income in short span of time without investing a single penny from the … Read More

Protecting Intellectual Property: The Four Approaches

Our society is becoming one based more and more on information. Because of this, the ability to protect and profit from original intellectual property becomes more and more important to involved professionals: writers, photographers, software engineers, inventors, and cottage industries.

If you’ve got intellectual property (IP) you want to protect, you might be wondering exactly how to do it. There are four main ways to protect intellectual property: trademarks, patents, copyrights, and trade secrets. Read on to learn which IP protection would work best for you.

Trademarks: A trademark is a mark that distinguishes one business from another, such as a name, phrase, logo, symbol, image, or a combination of any of these elements. A trademark can also include a jingle or sound. Trademarks have recently come to include a variety of digital and electronic images.

Patents: Patents are intellectual property rights that protect an invention. Inventions must be … Read More

How Property Management Firms Are Making Affordable Housing Desirable

According to the Economic Times, “affordable housing” refers to housing options within the budget of those whose income is below the median household income of a particular area. While some may assume that affordable housing automatically means giving up certain amenities that are common in society today, property management companies all over the country are working to ensure that this is not the case. Indeed, in 2016, low income doesn’t have to mean low quality. From the very basic needs of safety and shelter to the most deluxe offerings like on-site laundry facilities and fully equipped community areas, property management companies are providing rentals that get the most out of every dollar. Whether you are looking for a cozy apartment or a large, master-planned community with organized activities, you don’t have to sacrifice access for affordability.

The need for affordable housing spans every demographic and age group, and property management … Read More

Foreclosure Property Money Pits – Advice From a Certified Home Inspector

New home buyers should be extremely cautious regarding hidden property defects of a foreclosure real estate purchase. Recent national real estate data reports that the majority of real estate transactions are now part of a foreclosure process. At the same time, a significant percentage of these buyers at forgoing the recommended professional home inspection process. Buyers are skipping this prudent inspection process is some cases because they have been misinformed by the bank, and others, that the property will be only sold "as is" and no repairs will be completed. As an experience real estate inspector (involved in hundreds of foreclosure inspections), I can report that the "as is" rational to forgo a professional home inspection will not only cost the buyer thousands of dollars in purchase price and repair losses, but will also put the buyer's family at risk from undiscovered safety and environmental hazards.

Having a foreclosure home … Read More

Pros and Cons of Owning Various Commercial Property Types

Looking to invest in commercial real estate, but don't know which property type to consider? Here's a comprehensive guide on the five most common types of commercial properties.

1) Multifamily (Apartment Buildings) – Multifamily refers to apartment buildings of all sizes. It is categorized into garden apartments, walk-up apartments, mid-rise apartments, high-rise apartments, and special-purpose housing.

Garden apartments are low-rise apartments with typically less than 3 stories, built in a garden-like setting. Walk-up apartments are 4-6 story apartments without an elevator. Mid-rise apartments are 4-8 story apartments with an elevator. High-rise are 9+ stories with at least one elevator. Special-purpose housing is a multifamily property that targets a population segment, which includes student housing, senior housing, subsidized housing, etc.

Pros of Multifamily Properties:

• Easy to get into with smaller properties and slowly transition to larger properties

• Tax benefits

• Use rents in place for financing

Cons of Multifamily … Read More

Some Helpful Ways to Protect Your Intellectual Property

There are times when you suddenly think of a creative idea that you think can be very useful. You don’t know if such idea will be your key to starting a business venture. But you know that the idea you have in mind is so innovative and so revolutionary that you want to make sure nobody steals it from you. However, how can it be stolen from you if nobody knows it’s there to begin with? This is where intellectual property comes in.

Intellectual Property or IP is a legal concept about things our mind create for which there exclusive rights. The term ‘intellectual’ can refer to intangible assets like musical and artistic works, inventions, and even words and symbols. Although discovering a new idea can be very exciting, they are only of value if you can protect them as your own. Here are tips to make sure the product … Read More