Author Archives: admin

Why Real Estate Investing is so Popular

Real estate is a physical asset. It is stable and its value appreciates over time. If the mortgage payments are made properly and insurance is okay, it is very unlikely that one would face total loss by investing in real estate.

When the market is down, there is money to be made in the real estate sector. Real estate is a long term investment which makes it less volatile than other investment options. People will continue to need houses as long as civilization exists. When the market is down, real estate is a good option because one can strike a better bargain.

Depending on the type of real estate and how it has been acquired, the investor may start getting returns on the investment immediately. This could be in the form of rents or moving from a rented house to own house thereby saving on the house rent.

When you buy a property with loan and rent it out, you are paying the mortgage EMI with the house rent. So you are essentially building equity while someone else pays it for you. This makes investing in real estate an attractive option. And when the mortgage is paid off, you obtain the full ownership with no liabilities. You can also sell it off then to get back the money you(and your tenant) invested and more due to appreciation.

Price appreciation is the second benefit of real estate investment. In most markets real estate prices increase with time. So when you purchase a house the price you pay is more often than not, less than the price you get when you are selling the property. This is another reason real estate is a favorable investment.

Thirdly, investments like shares and mutual funds are prone to market ups and downs. When the market crashes, people who have invested in them can face a huge loss. But with real estate a person can always wait for the market to recover again since it is a physical asset. All these reasons make real estate investing so much alluring. However it is a long term investment and decision has to be taken wisely.

Benefits of a Property Management Company

Some might think that hiring a property management is just not worth effort, and go to the extreme of saying it is just not worth the effort. While it is true for people who are managing their own assests to say so, it is different for others who don’t reside in the same vicinity as the assets they own. This article throws light on the beneficial aspects of property

  • Representation: If you are landlord, a professional management company will represent you in your absence to fulfill the required procedures on your behalf. This will be a buffer between you and the tenant and you would not be required to invest your time and effort. Tenancy management needs consistent follow-up to see that not only the rent is received on time but the assets is well taken care of and maintained properly.
  • Setting the right rent: You have chosen the property manager because of his local knowledge and the right kind of information he posses. This will ensure that you do not set the rent lower than what actually the assets deserves, nor high to deter potential clients. A high rent will actually make the property sit idle for a long time, this will only result in loss of income for a month. An efficient property manager will set the right rent and will make all possible efforts to let your property to the right people at the right price.
  • Professional promotion of property: A good property manager will understand all the avenues to promote the assets properly both online and offline. He will use of combination of promotional activities to attract the right tenant. In India, the property manager gets paid only when the property is let out, hence it is in the interest of everybody to rent out the property at the earliest.
  • Screening the tenant: A good property manager will be able to advice you about the kind of client your property should attract. They will help you screen the clients who come looking for your assets, and help choose the tenants who will take good care of the assets and pay the rent on time. Also they will vacate without issues when on the expiration of the “Leave and License’ agreement.

We Are Going to Love Living Here

I knew exactly what kind of place I wanted to live in, but I honestly was not sure how long it was going to take for me to find the perfect place. I thought I might end up looking at a lot of West Las Vegas apartments before finding the one, because there are just so many different apartment complexes around here. I decided to look at the ones closest to my work, which turned out to be a great strategy. I looked at the Spectrum apartments third, since there were two other complexes that are a bit closer.

Still, the Spectrum is only three miles from where I work, and it is absolutely perfect. Continue reading

I Saw Buildings in Istanbul on Islands Surrounded by Water in the City!

I got to see one of the most amazing buildings I have ever seen. It was in Istanbul, Turkey. It is a large apartment complex. Over there they call them apartments, but the residents actually own them. The complex I saw has several large towers filled with apartments. Then there is this giant swimming pool that surrounds other buildings. You access them by going over a bridge to a structure that is out in the middle of the water. Then you go over another bridge to the central island that has the buildings. This introduction to property investment in Turkey was a real eye opening event for me. I had no idea you could have this kind of luxury living in an apartment in Turkey. Continue reading

We Are Finally Living Our Dreams

I started looking at real estate in Turkey when I realized that we were going to be living in the city for a long time, according to the new contract my husband had just signed at his work. That was good news for all of us, because we had been wanting that stability for a long time. It is my husband and I, and then we have our three young children as well. They are the main reason why we wanted to have stability, because I did not want them having several schools under their belts before they even hit their teen years.

When I found out that we were here to stay, I went online and started looking at different apartments and villas. I was not sure which one I wanted, and I knew that I would spot the one that was meant to be ours immediately. I just had to take the time and go through all of the listings on the real estate website that I had looked at. Continue reading

Marketing Your Property to Get a Good Value

Marketing is essential if you want a good value of your property. And the best way to market your property is listing it with professional property managers. They are the ones who can help you make the most out of your investment. At first they will explain you their method of marketing, if you agree to it, they will start on with the method. They will make effective strategies that will help you get more customers for your property.

Your real estate agent is the one who can outline the best marketing strategy for your property. This strategy can help you a worthy value for your house.

Strategies Based On Target Audience:

Survey says that most people have a tendency to buy a house in the locality i.e. the area where they are already living. This means that you need to make good marketing campaigns, which will successfully target all the potential buyers of your locality.

Some of the most common advertising mediums for promoting your property are online advertising, print media, letterbox drops and signage. Home hunters of today are well-informed. Thus, your property agents need to make sure that the overall strategy of the marketing campaign is perfect; starting from the headlines to the photographs of the property.

There are few questions that you must always ask your real estate agent before marketing your property:

• Can they offer you a marketing plan that covers total listing period of your property?

• How will they publicize your property?

• Does that offer any kind of feature sheet for your house?

• Will they promote your property online?

• Ask them if they have a huge referral network of interested buyers?

• Ask them to give you some samples of the projects they have handled earlier.

• Which medium of marketing do they expertise at in comparison to all the other property managing companies?

• How will they update you with the daily progress of your properties marketing campaign?

These are a few questions that you must ask your property manager before handling them the project of marketing your property to the targeted audience. Choosing professional sales consultants are a must if you want to become successful in making huge profit by selling your house. Real estate agents also offer you valuable feedback about your house during the marketing process. They suggest you about some necessary adjustments which can help you get an enhanced value of your house. Apart from these, they can also help you decide the perfect value of your property through home appraisal.

Selecting a Property That Is Perfect For You and Your Family

Established houses have a special character and charm on them, which seem attractive to most buyers or property hunters. Most often, sellers offer excellent and affordable value for these properties in comparison to the investment you would have made in building a new house.

Price of these houses depends on various factors like its age, condition and amount of maintenance required. Make sure that you have considered all these factors before purchasing the property. For more satisfaction, you can also call professional property managers who can inspect your house and confirm whether it is structurally sound or not and what extra expenditures you need to make for this property like repairs and replacements.

Apart from all these, there are various other factors that you must consider before purchasing a property for you and your family.


Position of the house plays one of the primary roles in real estate market. Value of a house depends majorly upon the place where the house is. You can qualify the place of a house in various ways. It may signify that your house is in a prestigious place or can also mean that it is near to hills and waves.

Every buyer looks for a house in a peaceful street, close to public transport health centers, shopping malls, education centers, park, etc.


Other than the above-mentioned things, also make sure that your house is close to the most necessary services stations like electricity, sewerage, water, and gas.


Before buying a property in a new place, you must also know about its plans for what new developments the place in about to see and witness in near future. Developments like increasing the number of stores, easy access to public transport, educational centers and parks for children.

Remodeling or Renovating the House:

You can also bring a change in your old property by incorporating some renovations. Repaint the house or extend it a little to make it look new and creative. Your real estate agent can help you in this matter. He can contact various builders who can renovate your property and can also do all their repairs and maintenance required.

Getting a property satisfying all your demands and requirements becomes a very daunting task. But you can easy get one with the help of property managers. Just let them know your demands and they will give you a list of properties that satisfies all your requirements.

Fees for Professional Property Management Services

How much should one pay for professional property management services? It’s a good question. And the answer is… It depends, but hopefully it doesn’t cost not too much. At least that’s what most people would think.

There are three basic services for which most property managers charge a fee:

1. A leasing or often called a listing fee. (This is also sometimes called a procurement fee.) In any case this has to do with the tenant placement function.
2. Monthly management fee. This covers the cost of periodic interaction with the tenant (sometimes daily).
3. Annual lease renewal fee. Usually only charged when the management company is successful in negotiating a renewal at the end of the lease term.

Look at these incrementally, but also consider them collectively over a year’s time. These fees can be easily compared among competing agencies. You can be the judge of what’s reasonable. Keep in mind that such fees do vary from market to market. Be careful not to get hoodwinked into selecting the cheapest solution simply because it is less. Cut-rate management services may be just that, cut rate. The poor quality of services that you receive may explain the discount. A quality property manager can save you tons of money on the back end.

What you need to look for, and maybe even specifically contract for, is that there are no undeclared fees. Those are the ones that pop up and bite you when you least expect it. Read your management agreement carefully. Don’t get surprised!

Probably the fee that is most often hidden, or perhaps not fully disclosed, is the cost of home maintenance services arranged for by the management company. It is not uncommon for companies to add a surcharge to maintenance and repair invoices. For many property management companies this becomes a secondary or even primary source of profitability. The landlord is oftentimes completely unaware of these costs at the time they agree to work with the management company, and they may never become aware of what’s happening. Sometimes, even when such fees are disclosed, the disclosure language is so heavily couched in legalese that one would need a law degree simply to understand.

Get your prospective property manager to fully explain all aspects of the arrangement and make sure that what they say is also what’s printed in the management agreement. If the manager cannot explain everything to your satisfaction, move on to another manager that can. Don’t get caught paying for services your neither want nor need.

Property Inspection Tips: A Handy Checklist

The detailed inspection of the property you are planning to purchase, is an essential step before entering into an agreement with the seller. Sellers usually try to hide minor damages, so that they can later pin them on the buyer and avoid the repair costs. Checking the property for any hidden damage or structural issues is always a good idea so that you don’t have to pay for the repair of these complications. Here’s what you should look into:

1- Check For Water Leakages

One of the basic damages that go unnoticed during casual checks are the small gaps that later go on to cause water leakages. Another unnoticed issue is water seepage, which causes damp walls. This problem is more prevalent in apartment buildings, where water seepage in an apartment, causes damp walls in the room directly below the faulty water seepage.

2- Lookout For Cracks

Thorough inspection of walls and ceilings for possible cracks is very essential. Usually, what looks like just a minor line on the wall turns into something substantial with time. So instead of running through the house inspection, it’s better to take your time and closely inspect every area to detect cracks.

3- Inspect The Plumbing

Proper plumbing is the foundation of a well-built house. Without this, the water supply and drainage pipes become faulty and can cause massive damages for you. A comprehensive check of the plumbing system can be done by checking the condition of the pipe material used for draining, waste, and venting purposes.

4- Test Window And Door Fittings

Another important aspect of the property inspection process is the absolute and thorough checking of the window and door fittings. A loose window or door is an invitation for accidents and should be properly checked to avoid mishaps. Also the setting-in of windows in their frames must be ensured, so that they can close easily during rains and sandstorms.

5- Measure Room Size

Before finalising the property, measure the size of each room on your own and map out how much space you will require for placing furniture and other items. Estimating just by looking may not be a good idea, as later you will realise that the room is actually smaller than what you had anticipated.

6- Ensure Proper Ventilation

Passage of fresh air through the house is of utmost importance for the health of the inhabitants. Ensure that proper ventilation vents are provided in every room for brisk air, and that the rooms have good scope of receiving sunlight. Also, if you are installing a central AC, make sure that all the wires and connections are safe.

Property Management Provides Peace of Mind

While real estate can be a lucrative investment, managing tenants, repairs, and related issues can be challenging. This is especially true for owners who live in another location or have full-time jobs beyond their real estate investments. For these individuals, hiring the right property management company can provide much-needed peace of mind. Here are questions to ask when interviewing a potential property manager.

1. How long have you been in business?

Not only is a lengthy record in the industry often indicative of a trustworthy business, but it also means a manager has likely dealt with most problems that tend to crop up with rentals. Experience with a range of issues, including legal, accounting, emergency response, and maintenance expertise, is essential.

2. Are you licensed by the appropriate state and industry authorities?

In most states, licensed managers must take an approved property management course and passed a state licensing exam. A licensed property manager in charge, or PMIC, is allowed to manage other managers and run his or her own business. He or she is knowledgeable about state regulations for handling rental income, security deposits, and other financial matters.

In addition to licensure, certification can indicate more extensive industry knowledge. These credentials are granted by trade organizations, including the Institute of Real Estate Management, National Apartment Association, National Association of Residential Property Managers, and the Community Associations Institute.

3. Can you provide referrals from past clients?

A property manager should be able to provide contact information for current or past clients that have agreed to speak on his or her behalf. Potential clients should check out the addresses of which the business is in control to ensure that they are being run properly. By the same token, relying on referrals from trusted contacts is a good way to vet a short list of potential companies.

4. What fees do you charge?

While there can be a wide range of industry fees, the standard costs include a management fee ranging from 4 to 12 percent of the monthly rent, depending on the location and condition of the real estate, whether there is more than one holding, how many units in each, and what types of services are required. Some companies charge a monthly vacancy fee when the home is uninhabited, while others require the full fee regardless of whether there’s a current tenant. A set-up fee for a new client can be up to $300. Also, those relying on a management company to find tenants can expect to pay 25% to 100% of the first month’s rent (usually around 50 percent).

5. How often do they inspect?

The answer to this question is a key to ensuring that a real estate investment is protected. While a property management firm should inspect anytime there is tenant turnover, regular inspections should still be done when there’s a long-term tenant. Intervals can vary, but units or homes should be inspected at least once a year, as well as an external inspection every quarter to notice any potential developing issues.