By financen | June 11, 2020 - 6:24 pm - Posted in Investing, Real Estate, Real estate investment

For many, investing in real estate rental properties can help in planning for a stable financial future. It can be one of the most lucrative investments; however, when it comes to managing properties, this can be a huge undertaking for those who are already employed fulltime. As you consider how you will manage the property, evaluate these three options to see which best fits into your life.

Have Someone Manage Your Property

For those who are at a farther distance from their rental properties or if there are too many to manage, enlisting the help of a management company may be your best bet. By hiring property management Griffith to assist in every area of management from screening potential renters to regular inspections, you can take a hands-off approach.

Outsource Some Services

You can also take a middle of the road approach by hiring help for only certain management areas. Whether you enlist help to maintain the physical structure or to collect rent, there are many different services available for landlords to bring on. By taking on help for only part of your management responsibilities as a landlord, you can save some money and invest some of your time into the management of the space.

Do it Yourself

For some landlords, particularly those who handle this fulltime or who have a few local rental properties, they may choose to manage the property by themselves. It is critically important for landlords to understand their responsibilities to the physical space and the tenant, so make sure that you do your research. While real estate investments can be lucrative, remember that you also need to invest time.

Managing rental properties can be a way to consistently have a flow of income; however, this does not come without planning and hard work. Regardless of whether you choose to manage the property yourself or hire a management company, make sure that you do right by the property and its residents and manage it well.

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By financen | February 27, 2020 - 5:33 pm - Posted in Home Buyer, Real Estate

Home buying tips

Always have a real picture about your financial situation. Buying a home is one of the most significant purchases a person will do in his entire lifetime. Financial experts believe that your cost of buying a home should not exceed 28% of your budget. Your monthly payment will include all housing costs such as mortgage’s principal and interests as well as the taxes and insurance. Keep your housing costs within 1/3 of your budget otherwise it will become very difficult to maintain other expenses like your utilities, food, transportation etc. and to save for your home’s emergency funds. Every house will need maintenance and repair costs, so you need to be very choosy in deciding what you can pay in your monthly installments.

It is also important to know about your credit scores because a good credit scores will definitely reward you with lower interest rates from the banks and other financial institutions. Just as you will know about your monthly budget, you need to be 100% knowledgeable of your credit scores. There are three major credit reporting agencies; Equifax, Transunion and Experian from where you can pull your latest credit report and check your credit worthiness. You should thoroughly review your credit report and understand what your credit score means. If there is any inaccurate negative information on your credit report, immediately dispute it with the credit bureau who is reporting this negative item because that is hurting your credit scores. The credit bureau will verify the dispute with your information providers and fix it. Usually this process can take up to 3 months to get fixed and then you can shop with the banks and other financial institutions for good deals for your home loans.

When you are searching for good home deals, you will review the list of homes that are for sale. It can be either in your locality or somewhere nearby. By knowing what you want in your home, you can easily narrow down your search and get the best deal.

Trusted partners are the key. The first home whether you buy it or build it, it is intimidating in many levels. You need to have a very good rapport with your realty partners. Whether you work with a Realtor or a home builder, loan officer or the person who will inspect your home, you should be completely honest with these people and they will make your dreams of buying a home come true.

Since buying a home is one of the biggest expenses in your lifetime, so don’t panic in buying a home that doesn’t feel just right or else you will end up regretting at a later stage. Be very clear with what you are expecting from your new home. Every home that you look at will have some features so you need to be very sure about your requirements before making the final decision.





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Everyone wants to have a peaceful life after retirement. They expect to make their life secure, pay medical bills and maintain an acceptable level of health.

If you are far from the age of retirement and have not thought about it yet, this is the right time to think about it. You have to be well prepared for all certain inevitabilities.

If you are able to invest in real estate, you will find answers to many questions. You can work hard at your present age but once you reach the age of 80 or 90, you will not be able to work anymore. You have to lay the foundation of security and happiness and make your future better and peaceful. Real estate investment can be of immense help here. If you have done investment for a long term period, it is adding up with interests, making more and more money for you with less work output at that point of time. Its a kind of a financial magic that will help you in leading a comfortable life in the later years. Thats why more and more people are into making investments when they can work.

Before you start planning on your retirement, it is important that you examine your core. You should be able to take care of all your needs in the right time so that you don’t have to spend all your time scrounging for pennies. And a good knowledge about real estate will help you in achieving your goals.

It is important that you build a business system that can operate even when you are not there, and make money without working for it. You can take out a portion of it and invest it. This will exponentially increase your earning potential.

You should be working more at your younger age and as you go near the time of your retirement, you should be reducing your work hours and enjoy a smooth life. Retirement does not mean that you need to be forced out of a job, it means that you get enough time to catch up with your life, do important things like hanging out with your friends and family members, engaging in hobbies in which you never engaged before and do exercise to keep your body fit.

Develop a business system in which people can be trained to do the work for you. When it is up and running, and providing you with the money and time you need, start exploring on real estate. Put your extra money into real estate investment.

When you do real estate investment, you will learn many new things and make mistakes. Make sure you are making enough money to live on, and then making enough money to invest on. After some time, you will see your money growing exponentially leading you towards a happy retirement life.

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Anyone who is considering purchasing property to start a rental business to beef up their assets should consider working with a real estate broker Spring TX. While there are plenty of great deals to be had, there are plenty of issues that can crop up that can turn an originally savvy investor into one that regrets ever setting their sites on the market. A broker can help ensure that investors get the best deals for their money and keep them from making common mistakes that turn their “gold” into “coal.”

Do Proper Research

There are many brokers out there. Some are self-taught, industry educated and highly experienced. No matter what type of broker one is interested in, it is important to choose one that meets expectations and works well with the vibe of the client. Some people find the right broker their first time searching, however, it often takes a few meetings with several prospects before a good match is made. Look further than credentials. Education, longevity, and industry reputation are huge factors that can make or break a deal.

Take A Deeper Look

There are many properties that are diamonds in the rough. Flippers or people who are interested in renovating a property before selling it themselves or renting it out often look for properties that require little to no work. These properties are often a dime a dozen. Be prepared to research what is available in the market and to dig a little deeper than what meets the eye. Many potential gold mines are overlooked because assumptions are made instead of taking a deeper look with an inspection.

Just like with any investment, it is important to know what the pros and cons are before jumping into the water. Things may sound great from one perspective, but unless or until one has experienced the challenges firsthand, it best to look before leaping.

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By financen | February 27, 2019 - 6:02 pm - Posted in Real Estate

Moving is a very demanding process and one of the most demanding and important aspects of it is the actual packing of the different items to be moved. How well these items are packed will determine whether or not they will arrive safely at their new destination or storage. For general tips on how to pack for a move, check here.

There are a few common mistakes a lot of folks make while packing. This is more common for people who do not want to make use of professional users. We will look at a few of these errors and offer possible solutions to them.

Some Common Packing Errors

Not Organizing Your Packing

Your entire packing process should be both planned and organized. This includes having a to-do list and a moving checklist. You need to be sure you know exactly what needs to be packed and how you want to go about it. You should also have a strategy for the packing process. Failure to do this will result in a lot of inefficiency.

Leaving Item Unboxed

Leaving some of your stuff, especially small items unboxed makes them open to easy damage and even loss. When you have them boxed, they are safer and better organized.

Using Indiscriminately Sized Boxes

A lot people simply search for just any size of box and toss them all together. Ideally, your packing boxes should be about 3 groups of sizes – small, medium and large. This makes it easier for you to maximize the space in the moving van or storage space. If your payment is based on the space you use, then you will be saving cost. For help with getting moving boxes, check here:

Not Understanding How to Make the Most of Box Sizes

Items should be packed into box sizes based on certain rules. A lot of folks just throw any item into any box. Ideally, packing into the three different box sizes we listed above should follow this format: Heavy stuff like books, should be packed into smaller boxes while lighter items like cloths, curtains etc. should be put into the larger boxes. This ensures the boxes do not get too heavy. Additional, while packing, make sure the heavier boxes are not placed on the lighter ones.

Packing Items Loosely

This is another mistake some folks make. You do not want to leave too much space in any box as it allows the items in the box to fall around while in motion. This can easily result in some damages.

Packing Boxes too Heavily

Some folks pack boxes until they get so heavy that carrying it becomes a problem. Aside from the difficulty of carrying these heavy boxes, the boxes themselves are more likely to burst open from the weight, spilling its contents which could get damaged in the process. Never allow any box exceed about 50 pounds.

Using Wrong Packing Tapes

A lot of people think that just any type of tape will do for sealing the boxes. This is very false. You need a tape that can hold the boxes well which is why professionals use at least 2 inch wide, pressure sensitive packing tapes. You should also try to apply about three layers of tape to the bottom part of the box and about two layers to the top part of the box.

Not Labeling Properly

This is a mistake that has been pointed out severally to people preparing to move. Not labeling your boxes leaves you with an organizational nightmare. To find anything, you will need to rip through so many boxes. This will be a major problem when you start unpacking your stuff later. Learn about how to label properly in this article.

Using Trash Bags

Trash bags are some of the worst things to pack your stuff into. Aside from the fact that they provide absolutely no protection for the items inside of them. They are also practically impossible to arrange in the truck or in storage. You will end up using up a lot of space and still not have things properly packed.

Other Reasons Why You Should Allow Professionals Pack For You

Packers and movers

Aside from the errors listed above, there are other reasons why it may not be in your best interest to handle your packing yourself. Let’s look at some of these.

Insurance Coverage

Did you know that by choosing to pack your stuff yourself you could be limiting your carrier’s liability? Every moving company is required by law to have a carrier liability. For an example of a documentation of this, check here. However, the carrier’s liability coverage only covers boxes that the movers packed by themselves and not those you packed.

Moving Tools and Skill

Professional movers have both the tools and skill required to move heavy items and boxes. By attempting to move these items without the necessary skill and equipment, you could end up damaging them and maybe even hurting yourself in the process. This is in addition to the absence of a carrier coverage that will arise from your decision to pack yourself.

Expert Knowledge

Did you know that there are some items that should not be packed with other items? Something as simple as a nail remover can cause some serious damage to your other stuff. Professional movers know exactly what can be packed with other stuff and they also know how to safely transport any dangerous item.

Choosing a Moving Company

At this point, it should be pretty clear that working with a professional moving company may be your best bet. One of the challenges that many folks have is how to find the right moving company to work with. There are so many different companies promising so much so making a choice can be confusing.

To get started, you can visit where you will find a number of different companies for different types of moves. You also get to enjoy various resources that ensure you do not just find the right mover but that you also save funds while doing so.

If you think you are ready to move, then start planning right away!

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Real Estate Investing

There are so many exciting and wonderful places around the world where everyone dreams to settle down for the rest of their lives. And, Dubai is among the top few of them. In fact, it’s among the best of places for property investors to invest their money and make great profits. If you talk about UAE, in general, the country offers a lot of sunshine throughout the year and has some pristine beaches, gigantic shopping malls, desert safaris, world’s tallest building Burj Khalifa, and the man-made Palm Jumeirah Island. All these attraction not just attract tourists year round but also offer great investment opportunities for the seasoned real estate investors.

If all that isn’t enough to convince you, here we have 5 compelling reasons as to why property investment in UAE is profitable. Let’s check out!

  1. Best Investment Returns Against Property Investments

The property prices in UAE are still very low and that presents a great opportunity to the investors to make for highly profitable deals. Dubai alone is home to so many fascinating places and offers some high-end amenities as well as business facilities. Modern villas investments are so lucrative in Dubai especially on Palm Jumeirah that they can’t even be comparable to those in cities like New York and London. Also, there’s a significant increase in tourists which leads to significant demand rental and residential properties. With increasing demand, the investments are surely going to offer greater returns as years go by.

  • Growing Tourism Makes For A Strong Economy
Growing Tourism Makes For A Strong Economy

With Expo 2020 just around the corner, there’s a large number of job seekers, businesses and entrepreneurs rushing to Dubai which presents a great opportunity to generate revenue from expected visitors.

During the Expo 2020, Dubai alone expects more than 20 million tourists to land here from different parts of the world. Besides, the ever increasing attractions in the city are a major source of bringing tourists here. Sources say that the contribution of tourism to GDP was around 8.4% making it almost 117.4 billion Dh being added to country’s economy. It will also help boost employment opportunities in the country with almost 369000 jobs expected by 2024 and more individuals coming to the country and settling there.

  • Free Zones For Foreigners
Free Zones For Foreigners

Foreign investors in Dubai can make the most of free zones where they do not need residency visa and you do not have to be a citizen of UAE. Such foreign investments were allowed since 1999 in the bid to boost UAE’s economy. With free zones in place, you can invest in UAE real estate with no need of permits or anything like that. There are many foreigners who invest in commercial and residential properties and then lease it out. It helps them get a great return on their investment.

  • Low Traffic
Low Traffic Real Estate

When people buy properties, whether for office or residence, they consider the flow of traffic in the area as well. UAE offers so many secluded areas where comfortable living experience can be enjoyed without having to get annoyed by all the buzz created by vehicles passing by. So, that makes one good reason for people to buy properties or rent them in UAE. And, with this increasing demand, investors certainly have a great opportunity to make profit with their real estate investments.

  • Housing Is In Demand
Real estate demand

Investments in the real estate sector, particularly in Dubai, in coming years would definitely present opportunities to turn fortunes because the country expects large influx of visitors. Furnished apartments available on shorter-term lease, inexpensive hotel apartments or commercial spaces make the best investments right now in UAE. In fact, they won’t see a decline in demand in coming years and the investment would remain safe and highly profitable.

So, all that means you can expect profitable trades and huge ROI should you invest in the real estate properties now. Better find luxury accommodations in Dubai with the help of an agency and start making profits with it.

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By financen | February 7, 2019 - 6:11 pm - Posted in Real Estate

Estimating the value of a property is necessary for a variety of reasons, including sales listing, financing, insurance, investment and taxation. But the most common reason is to determine the purchase price of a piece of real estate property. This article will provide an introduction on building surveys and why you need it in real estate valuation.

Building surveys provides a detailed evaluation of a property through an extensive inspection. Though it is not the only type of survey available, it is the most common, especially for residential clients.

The survey helps property owners understand the condition of a property. It records the risks and potential expenditures that may be required enabling them to develop appropriate maintenance plans. It can also be prepared for homeowners and buyers, or for investors in portfolios to help inform about future investments.

Building surveys, also known as condition surveys, are generally implemented by chartered surveyors. It may be presented as a report that provides a view of the property at a particular point in time. This would include all the elements accessible and recommendations of any strategic plans for dealing with any issue that may have arisen. You can go to sites like to know more about chartered surveyors.

The most common buildings that benefit from a survey of this kind are the following:

  • Buildings that are listed
  • Building that are 50 years old or older
  • Buildings that are for renovation or redevelopment
  • Building that were altered, redeveloped or renovated
  • Building with unusual construction designs or features
  • Building that are being purchased

Since there is a lack of standardisation of building surveys, it is important that clients describe what they require clearly and precisely. They also need to inform them if they have any concerns about certain elements. An example would be checking electrical, heating equipments, roof or floor structure. These are usually not included in a standard building survey but it can be requested. Some, the surveyor may not be able to have access to unless they are informed in advance so they can make the necessary arrangements.

Building Survey

What are the objectives of a building survey and the common issues surveors identify?

The most common objective might include the following:

  • Detailing the current condition of the property by highlighting areas of concern or failure.
  • Analyzing the causes of deterioration, past or current.
  • Analyzing the issues that need focus to avoid serious damage.
  • Analyzing enquiries to prevent problems in the future.
  • Citing maintenance and conservation recommendations.
  • Presenting an estimate of the cost of the work required.

Surveyors should be careful when carrying out surveys. Working in high places, confined spaces, or handling dangerous materials are not habitable and can be hazardous to one’s health. They should be very careful in identifying signs of deterioration, unoccupied properties, or buildings where work is being done.

Here are the most common issues that building surveyors identify in a survey:

  • The general condition of the property.
  • Signs of defects.
  • Structural movement.
  • Signs of deterioration because of different types of damp and condensation (check here for more information)
  • Deterioration because of rot and infestation.
  • Air conditioning and heating ventilation services.
  • Electrical, plumbing, drainage and other building services.
  • Checking any alteration made to the property.
  • Other environmental issues.
  • Legal issues.
  • Energy consumption.

Before purchasing, building or renovating a property, a condition survey is important to lay out immediate and potential problem areas. They look for evidence of deterioration, movement, areas that need replacement, areas that need of repair, and any structural failure. Essentially, surveyors are looking for any trouble that may arise before any construction even begins.

They should also identify parts of the property that has not been possible to inspect or identify issues that require further investigation by specialists.

A detailed survey of a normal house can take one day to complete. The final report can take up to 2 or more weeks to complete thereafter. Larger buildings or more complex properties may take more time.

It does not matter whether you are a potential owner, selling the property, renovating or maintaining a property, a building survey will give you a clear understanding of the property’s current condition—the structure and operating systems. It would be helpful in retrieving any evidence of issues that can alert the owners of possible problems.

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