Getting into Real Estate

3 Signs You Should Work With A Real Estate Agent To Find A Rental

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When you think about hiring a real estate agent, you might think about doing so when buying or selling a home. However, real estate agents can be helpful with other matters as well, such as if you are looking for the perfect rental home. These are a few signs that you might want to enlist the help of an agent to help you find the perfect rental for you and your family. 1. You’re New to the Neighborhood If you have lived in the same area for years, you probably already know which neighborhoods you might be interested in. If you are moving to a new place for work or any other reason, however, you might want to look into having a real estate agent help you. This is because you might not know much — if anything — about the safest and most convenient areas to live in. An agent who works in the town or city that you are moving to will generally be familiar with the area and will be able to help you find the best possible rental. 2. You’re Pressed for Time Shopping around for a rental home can be a lot of work. You often have to make a lot of phone calls, fill out a lot of applications and attend a lot of viewings. If you’re busy and pressed for time, you might not have time for all of these things. If you hire a real estate agent to help you find a rental, however, he or she can do a lot of the legwork for you and can save you a ton of time. 3. You Have a Lot of Requirements Finding some rentals is easier than others. If you’re just looking for a 2-bedroom apartment, for example, you might not have much trouble finding one if you look around. If you have stricter requirements, however, finding something that suits your needs can be tough. For example, if you are looking for a lower-than-average rent, if you require a rental home that has a lot of bedrooms or if you have other similar requirements, you might find that a real estate agent can help improve your chances of success. Even though you can certainly look for a rental home on your own, there are a lot of situations in which it’s best to work with a real estate agent like Reece Nichols Real Estate instead. If you are curious about the rentals that are available and how a real estate agent can help, consider calling an agent in your area to find out...

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Tips For Flipping Homes

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If you have decided that you would like to get into the business of flipping real estate, there is a lot that you need to know. In order to get yourself off to the best start and to avoid losing a lot of time and money, you will want to consider the following advice. Buy It For Cash Do not make the mistake of assuming that you will never be able to purchase an investment property and pay cash for it. Remember, the key is to buy low and sell high. Therefore, you are looking for the properties that people are desperate to let go of. They might be close to losing it at a tax auction and they want to recoup some money before they lose everything. Someone may have inherited a property that needs a lot of work and they simply want to unload it on to someone else and get a little cash in the process. When you buy cheap properties with cash, you might be able to negotiate a better deal, since no one has to wait for a loan to be funded. Do A Lot Of Work On Your Own There are a lot of companies out there that would be more than happy to come in and do all of the repairs for you. However, even though you may be anxious to put your new investment property back on the market, it might be worth it to take a couple of extra months to do some of the work yourself. This way, when you do sell the house, you are looking at getting a much bigger profit. Even if you take much longer than a couple of months for your first investment property, it will be well worth it to learn valuable skills that you can use on future investment properties and even if your very own home. Do Not Sell Yourself Short Even though you might want to price your flip for a reasonable amount so it sells quickly, you do not want to price it too low. Believe it or not, if you price the selling amount too low, you could find that there are a lot of people out there who might automatically assume that there is something wrong with the property. While this might not be the case, you may never have the chance to explain that to them because they will never come to view your investment. The truth is, this is going to be a learning process for anyone who is just getting started in the business of selling investment homes. The more you do it, the better you will get at it, so keep these ideas in mind when you’re getting ready to buy and sell homes, whether you’re doing it independently or with a company like Buy Sell...

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Own A Multi-Unit Building? Two Reasons Why You Need A Property Maintenance Company

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If you’re the owner of a multi-unit building, you have quite a bit of responsibility on your hands.  In addition to making sure that all of the units are continuously rented out, you also have to deal with the issue of maintenance.  It can be quite time consuming to keep up with all of the particulars and you may find yourself being pulled in many different directions.  That’s why it’s such a good idea to partner with a property maintenance company.  Use this information to learn more about why a property maintenance company is absolutely essential when you own a multi-unit building. Property Maintenance Companies Minimize Your Liability Risk One of the main reasons why you should work with a property maintenance company is because it could be the key to minimizing your liability risk.  The last thing you want to deal with is a hefty lawsuit that is brought about due to some form of neglect. For example, there may be a heavy snow in the area which results in slippery, icy walkways around your building.  Someone who lives or works in the structure could slip and fall on the ice as they are trying to enter or exit the building.  They may end up with extensive injuries that require very expensive treatment.  More than likely, they will file a lawsuit against you so that you’re left holding the bill. You can avoid these types of scenarios by hiring a property maintenance company.  After a snowstorm, they can go out and quickly clear away the residual ice and snow.  In addition, if there happen to be strong winds that leave branches strewn about the property, the maintenance company can handle this as well. Property Maintenance Companies Help With Curb Appeal Another reason why you should get a property maintenance company for your building is because they help to increase curb appeal.  You want a structure that looks good year round, and the maintenance company can help you achieve this. The maintenance company workers will periodically go out to the building to see if any exterior work needs to be done.  If so, they can paint siding, replace tiles and secure chrome fixtures so your building looks as good as possible. Working with a property maintenance company could prove to be a very wise decision.  Don’t wait; contact one of these companies today so you can start enjoying these benefits and much more. Contact a company like Choice  Maintenance Group LLC to learn...

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Pros Of Buying A Duplex

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A duplex is a residential property where one or more homes exist in the same property. There are many benefits to buying this type of property for your own use, and if this is the type of property you have been considering, it’s helpful to know what these pros are. Here are just a few of the reasons why owning a duplex can be a wise investment for you.  Income potential Owning a duplex gives you the opportunity to live in one of the units and rent the remaining ones out. In some cases, the purchase of a duplex comes with rental agreements of current tenants already, which means you get to begin making money on your investment right away. It helps to have a real estate agent who understands rental agreement laws and regulations to ensure that you and your future tenants fully understand your legal responsibilities regarding lease lengths and rental fees and when they are due. You may also choose to simply buy a duplex and rent out all the units within. Since a duplex isn’t as large as an apartment complex, it makes for an affordable option for owning real estate where you can profit from many renters at once while still staying within your budget. Location Most duplexes are located in the heart of town or close to nearby amenities, which is an easy convenience you can enjoy. Buying homes near town can be expensive, so if this is something you desire for your real estate purchase, a duplex is a wise choice. You can enjoy being close to work, schools, and town entertainment without having to pay for expensive real estate. Affordability Duplexes vary in price, which is largely dependent on how many units are within a single building and where the duplex is located. Other factors include the condition of the property and whether tenant rental agreements come with the property or not. If you have a specific budget in mind your real estate agent can help you find the best investment property that will impact your finances the least. Buying a duplex is a great way to buy a home you can live in while being able to make money on your purchase as a landlord at the same time. Explore the properties available in your area to see which duplex will work best for your budget and lifestyle. Choose a real estate agent with experience in income properties so you can be guided to the legalities of owning a duplex as well to make the transaction much...

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When You Can Feel Okay About Negotiating Your Real-Estate Agent’s Commission

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When you sell your home, you’ll pay a percentage of the sale price to your agent as a commission. Don’t grumble about doing so—your agent definitely earns this money by marketing your house, showing it during open houses, answering all your questions along the way, and much more. You’ll find that some real-estate agents do not wish to negotiate their commission while others are open to this type of talk. You shouldn’t simply negotiate the commission percentage because you’d rather take the money yourself, but there are some times when it’s legitimately appropriate to negotiate. Here are some examples. All Signs Point to the House Selling Quickly It can be acceptable to discuss negotiating your real-estate agent’s commission when it’s clear that your home will sell quickly. In many cases, a home in top-notch condition in a highly desired area will sell within a matter of days of hitting the market. You may close the deal with someone who submits an offer less than a day after the property is listed, for example. If you’re pretty sure that the house will sell quickly, bring up the idea of negotiating the commission. Ideally, the agent will be willing to negotiate because he or she knows that with a fast-selling listing, his or her time investment will be minimal. You’re Taking Care of Costly Tasks When you pay your real-estate agent a commission, part of the money goes toward paying for the services that the agent takes care of. These can include paying a professional photographer to photograph the property, for example. However, if you’re a skilled photographer and feel comfortable doing this work yourself, you may wish to negotiate the agent’s commission. This is fair in this situation, given that the agent won’t be spending as much to prepare your listing. You’ve Gathered Some Interested Buyers Real-estate agents spend a lot of money marketing their listings—but if you’re bringing one or more prospective buyers to the equation, marketing may not be necessary. For example, if you tell your colleagues at work that you’re about to list your home and someone expresses interest in buying it, you can have this person’s agent get in touch with your agent right away. Your actions in this scenario will save your agent the time and expense of marketing your property to the masses, and therefore your agent may be willing to accept a reduced commission.  ...

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Specific Times That You Can Benefit From Renting A Furnished Home

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It’s possible to find yourself in a wide range of situations that require you to look for housing — including some situations that you might not have seen coming. In some of these situations, speaking to a real estate agent about a furnished home for rent can be a smart idea. These residences might not be as prevalent in your community as unfurnished rental units, but your real estate professional will be able to track some down and set up some showings for you. With each home already stocked with furniture and other essentials, all you’ll need to do is move in with your personal effects. Here are some specific times that you can turn to renting a furnished home. After A Separation Or Divorce In some separations and divorces, the two people will divide their possessions equally. In other cases, however, this isn’t the case. If your partner or spouse brought virtually everything to your shared home, it’s unreasonable for you to take half. In this situation, you may find yourself without much furniture, and also without the budget to buy a bunch of new items. Turning to a furnished rental house can be valuable in this scenario. You won’t have to worry about shopping for things, and you’ll have a suitable place to stay until you can get back on your feet. During An Extensive Renovation Most renovations won’t require you to move from your home, but this can occasionally be the case during an extensive project. For example, if your home had a major flood, contractors might spend several weeks cleaning up the mess and bringing your home back to the way it was. A short-term rental home that is furnished can be the answer in this time. You won’t want to move your furniture into an empty rental unit, and the furniture might be damaged from the floor and unusable, anyway. Your agent can find you a furnished home for rent that accepts short-term tenants, giving you a perfect place to stay until the renovations are complete. When A Loved One Is In The Hospital When someone close to you is dealing with a lengthy hospital stay, traveling back and forth between your home and the hospital can be taxing when the distance is considerable. In this scenario, it might be worth exploring if your agent can find a furnished home for rent near the hospital. This can provide you with a place to rest when you’re not sitting bedside and will be more cost-effective than staying at a hotel near the...

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Figure Out The Answers To These Questions Before You Rent Your House

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Being a landlord of a rented house requires you to wear many different hats, including emergency repair person and financial negotiator. Renting a house to tenants, however, can be a money-making business that improves your financial standing with minimal headaches. In order to avoid some of the hassles that can arise when you’re a landlord, it’s a good idea to come up with a solid list of rules before you seek your first tenants. To compile this list, it’s useful to ask yourself some questions. Here are some suggestions. How Late Will I Accept Rent? It’s a standard practice to have your tenants pay rent on the first day of each month. Ideally, any tenants you have will abide by this rule, but there may occasionally be times that you have a tenant who struggles to meet this deadline. Many landlords will have a grace period — for example, they’ll accept the rent check up to the third of the month without a penalty. Then, afterward, they’ll charge a set amount of interest for late checks. You need to decide what your policy will be. This will allow you to be perfectly clear with your tenants and give you grounds to evict in the worst-case scenario. How Many People Can Live In The House? When you rent your house, you’ll find out how many people will be living in the residence when you approve your tenants. For example, the family might include two parents and three children. It’s a good idea to create a rule that prohibits additional people from living in the house without your approval. While it’s acceptable for guests to stay overnight on occasion, you don’t want your tenants recruiting additional people to live in the residence to share the rent. Who Will Be My Backup Emergency Contact? When your tenants face a problem with the house, they’ll likely get in touch with you right away. However, if you’re occasionally unreachable or take frequent trips out of the state, it’s ideal if you have a backup emergency contact. You’ll want to consider your circle of friends and family to identify someone who is highly trustworthy and dependable, as well as someone who can make sound decisions in your absence. For example, if there’s a plumbing problem when you’re away on vacation, you need to trust that your tenants can reach this emergency contact and that he or she can hire the appropriate contractor to fix the problem in a timely...

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Factors To Consider Before You Buy Commercial Land

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When you run a business and decide to buy your own land to build instead of continuing to lease, there will be a number of things to think about. While you may be focused on finding land for the right price, don’t make the financial side of this significant purchase your only consideration. There are a number of location-based factors that can cause a business to thrive — or to falter. Hire a real estate agent who specializes in commercial real estate, talk about your search criteria, and then make sure to consider these factors before you submit an offer on the land. Degree Of Reachability Think about the degree of reachability of the commercial land you’re considering, and then compare that to your client base. Generally, you want to be in an area that is highly accessible to people in vehicles and on public transportation. Consider whether bus routes run near the land you may by, as well as how convenient it is for people to reach in the cars, especially during rush hour. If it’s a hassle to reach your business, people may go elsewhere. In some cases, people will put up with less convenience to get to your business if it’s the industry leader or only one of its kind in town, so consider these factors, too. Future Surrounding Development You’ll also want to get as much information as you can about future development in the surrounding area. This is something that your real estate agent can research for you. Future development can be a benefit or a drawback, depending on its nature. For example, if you’re thinking of opening a cafe, finding out that a condo will be built within walking distance is a good thing. However, if you’re thinking of opening that same cafe and find out that a series of chain restaurants will be coming to the area, you may wish to reconsider your location. Room For Expansion If you think you’ll need to physically expand your business in the future, evaluate whether the land you’re considering will accommodate this need. For example, if you’re thinking of opening an 18-hole mini-putt golf course but dream of adding a second 18 holes and maybe some batting cages, too, will there be enough land? Ideally, you’ll be able to find a piece of commercial land that will accommodate your future growth. This will save you from having to move in the future after you’ve built up your business. To learn more, contact a company like The Schueler...

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3 Excellent Reasons To Invest In Real Estate

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If you are looking for something that is going to be worthwhile for you to invest your money in, you should consider purchasing some real estate. This article is going to discuss 3 excellent reasons why you should invest in real estate.  Secure Investment  One of the great things about investing in real estate is the fact that it is going to be a fairly secure investment. Whether you are purchasing a commercial property, a residential property, or some land, you know that these properties are going to be useful and necessary for multiple people. Unlike some investments, people are always going to have a need for real estate, so you know that your investment is going to be more secure. The key is going to be to purchase your real estate for a price that is going to be manageable for you to pay, if the economy goes south for a bit. This is going to ensure that you can weather the storm and still profit off of your investment.  Great Residual Income  Investing in real estate is a great way to produce residual income. If you purchase the property using cash, everything that you make from renting out the property is going to be profit for you. On the other hand, if you purchase the property for an excellent price, and then rent it out for more than the mortgage you pay, it can still be profitable for you. While buying the property outright is obviously going to be more ideal for you, you can still create residual income either way. You can also purchase a property, either fix it up or wait until the market is better, and then sell it to make a good profit. In any case, you are going to be making some really good money without having to do much of anything.  Allows You To Create More Investments  As you make a profit off of your real estate investment, this creates more cash flow to you to make even more investments. This is going to allow you to continually increase your income because you can purchase more and more real estate or invest in other investments that will increase your cash flow exponentially. By making the first initial investment in real estate, you are creating a line of income that can open up so many great doors for you in terms of making...

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Fun Ways To Get Children Involved With A Move

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If you intend on moving into a new home soon, and you have children, getting them involved with the moving process will make the time exciting for them as well as help them build experiences they will remember in the future. Since there are several tasks that need to be completed, having your children pitch in with preparatory events will make the jobs go by faster with a little fun in the mix. Here are some ways to include your children in the days up to the move and the moving day itself. Decorate Boxes To Be Filled Give your children several boxes to be used for the containment of their personal items. Before they fill up these boxes, tell them the boxes need to be decorated in any manner they wish. Provide your children with crayons, markers, stickers, sparkles, and other adornments so they can make their boxes stand out from others. Use dark-colored, large-print text stickers to affix each child’s name to each of the boxes they are going to be using. This will help your children find their boxes easily when they are taken off of a moving truck.  Host A Sale Or Give Away Unneeded Items Rather than pack items that will not be needed at the new home, take the time to weed through them at the old home so they can be eliminated from the packing process. Ask your children to go through their personal items to select those they are no longer interested in keeping. Toys or clothes can be donated to other children in need, or you can host a yard sale in the days before your big moving day. If you select this route, let your children set up their own table of items to sell and allow them to keep any profit they make. Take Before And After Photographs Give each child a throwaway camera or allow them to use your cell phone temporarily to take photographs of their room before they start packing up their personal belongings. When they have completed the process, have them take photographs of the empty room as well. On moving day, take pictures of your children’s items being taken out of the home and as they are placed on the moving truck. These photos can be looked back on in later years to help your children remember parts of their childhood in this home. Pictures can be compiled from each child and then placed inside a scrapbook to keep with other photographic memories.  For more moving tips, contact a company like Bekins Van Lines...

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