The gross rental multiplier (GRM), the capitalization rate (capitalization rate), and the internal rate of return (IRR) are three terms that you will often encounter in commercial real estate. By the time you finish this short article, you should have a good idea of what they are, why and when you would use them, and what their limitations are. The […]
Instead of selling your residence to buy another home, you can decide not to sell your residence and convert it to rental property. In this case, the next home you buy and live in once again qualifies you for the lowest owner-occupied loan rate. This approach also makes it easier to make repairs to the rental home because having lived […]
Many people look at those who own and / or operate investment / rental properties and wonder, wouldn’t it be great to do it themselves? While some individuals and properties make a lot of sense, others don’t! Like most things in life, investment property ownership has both positives and negatives, and you owe it to yourself by fully considering, with […]
Whether you’re renting your home through Airbnb or planning a family reunion at your vacation property, a cleaning plan is key. Before packing a suitcase or posting an advertisement, your residence must be clean, organized, and ready to be enjoyed. The following is a must-have cleaning solution checklist. Cleaning Checklist for Your Airbnb or Vacation Home 1. The bathroom The […]
One of the most frustrating episodes one can encounter is denial of housing. Apartment complexes, which are actually managed by real estate management companies, use a number of factors to determine who should rent and who should not. One of the most common factors they use is the criminal background check. A criminal record can be one of the biggest […]
The Frat Boys Mentality! You can do whatever you want and not hurt your career as long as you don’t care about the women you abused. Everything comes back to haunt you eventually. When you look back over the centuries, men have abused women. It wasn’t until the 20th century that laws were passed to protect women. But even so, […]
It takes time and effort for a real estate investor to find an offer. There are many properties for sale, but finding bargains has not always been easy. Fortunately, many tools and websites now available are making it easy. There are sites that help generate leads from motivated sellers and there are sites that provide valuable information to help the […]
If online marketing is so hot, why do agents still send real estate letters? Well, in a word or two … it’s because direct mail marketing still works! If you are an agent, you need to market your services. You won’t get any business if people don’t know you’re in business … and a multi-pronged approach is possibly the best […]
Cottage Law is specific to the unique requirements of family cottages, vacation properties, hunting lodges, or other types of shared ownership. Cottage Law is a relatively new practice area of law. It gained momentum in the early 1990s when states created public laws that provide the essential legal framework for changing the ownership relationship of country home owners. Michigan lawmakers […]
Without interfering with the responsibilities of any one professional, a true external project manager (PM) leads and helps integrate all the vendors, elements and phases of a project from start to finish. Designers, contractors, and real estate brokers are very capable within their specialties, but they can fall short if they are entrusted with the responsibilities of an independent project […]
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