Many real estate investors can tell you that investing in single-family homes can be quite lucrative. When done properly with planning and wise execution a person can secure their financial future. Over time real estate has shown to be a safe long-term investment that can help build a solid financial portfolio but before you dive into investing in real estate you may want to know a few more details on how to manage the property and tenants.
Buying a home whether it be for personal use or as a rental can be very expensive. You want to determine how the home will be used and the type of market you wish to invest in. Typically, single-family homes do quite well in the rental market, however the rent must be what a person is willing to pay. A good way to maintain good flexibility in how much rent to ask is by the down payment you put on the purchase of the home. The more you put down the lower the mortgage payment will be hence you may be allowed to rent the home for a fair market price.
When setting your rent you will want to take into consideration insurance, fees, and association dues that you may be required to pay.
Even if you are buying a home to use a rental you want to make sure it is in good condition with all the appliances operational. Remember that many tenants won’t take as good of care as things as if the owner lived there. As the landlord you will be responsible for the upkeep of the main things in the home, such as; the furnace, air conditioner, roof, etc.
Finding the right tenant is critical to your success. This can be tricky, especially since you spend a short amount of time with the potential tenant and really don’t get to know them. It is always a good idea to run a credit check on applicants and it is okay to go with your “gut feeling”.
When it comes to renting out your single-family home you are responsible for the advertising, screening applicants, handling the contracts, the collection of rent, taking care of emergencies, making repairs in a timely manner, etc.. If you don’t feel up to the challenge, don’t let this hold you back, you can always hire a professional real estate management company to help with the bulk of the work.
Boise Real Estate Info provides resources, statistics, and information for home buyers and sellers in the Boise area. Visit to find a professional Boise Idaho Real Estate Agent to help you get started.
Areas to consider when you start out with your first rental property, and your role as a landlord.
Once you have decided that the finances can be put together to allow you to buy a rental property, and you embark upon your project to build a rental portfolio, you have to realise that your role as a landlord gives you an inordinate number of plates to keep spinning together!
Don’t get me wrong, being a landlord is exciting and fulfilling, and with the right advice, it can be very profitable!
With your first rental property (as part of your future rental portfolio!), you will be able to lease it out for financial gain. However, you will now be responsible for a number of legal and safety requirements.
Quite naturally, you realise that the building you have bought must be maintained by you.
In addition to the above, you are now responsible for anyone who rents your rental property.
Unfortunately, you may find that occasionally you may have to deal with tenants who are troublesome and tenants who cause damage in the property.
Legal and Safety Issues
If you are a landlord, then not only do you need to keep your property in good condition, but there are a number of legal safety and maintenance issues that you must adhere to. If you don’t fulfil these duties, you will be potentially liable for any accidents that occur to your tenants whilst they are in the property.
It is obvious that a well maintained rental property will be better equipped to attract tenants and keep your property rental income returns at a healthy level.
In order to help you keep your tenants happy and safe in your rental property, and also keeping you safe from any legal problems I have noted below regulatory requirements you really must attend to:
Repair : Under the” Landlord and Tenant Act 1985″ it is your responsibility to ensure the property being rented is looked after, and kept well maintained inside and outside
Furnishings: The regulation titled “The Furniture and Furnishings (Fire Safety Amendment) Regulations 1993” is important to understand.
Faulty or unsafe furniture and fittings could result in a tenant being seriously injured or even killed. It is imperative that you check your furnishings are both fire resistant and comply with the latest regulations.
Gas safety : Under the latest regulations ” The Gas Safety (Installation and Use) Regulations 1998 ” it is your responsibility to ensure all gas appliances in the property are fully maintained and are covered by an annual Gas Safety Certificate which is implemented by a fully qualified Gas Engineer.
Electrical safety: the regulation “The Electrical Equipment (Safety) Regulations 1994 “insists that all wiring, fuses and electrical equipment are working properly and not a danger to your tenants. An annual Electrical Safety Certificate, carried out by a suitably qualified Electrical Engineer will help ensure your electrical equipment is up to the standards required.
Smoke Alarms: Under “The Building Regulations 1991 – Smoke Alarms” you will find an important piece of legislation. If your property was built after 1992, smoke detectors and alarms that are mains operated must be fitted in the property. This does not mean that you should not fit smoke alarms in older properties. To ensure your tenants safety and your peace of mind, it is a requirement that, at the very least, smoke alarms (battery operated) are fitted in the “danger “areas throughout your rental property.
Energy Performance Certificates (EPCs) : it is now a legal requirement to have an EPC carried out by a qualified person (normally a surveyor) and have the EPC displayed in your property.
Now you have carried out all the above required works, you definately can say that your rental property is ready to be rented out.!
If you do nothing else.. read below for your own sake!
It is quite obvious that should you not adhere to the legal requirements outlined above, you will be deemed to be an irresponsible landlord, and, heaven forbid, should an incident occur as a result of your negligence, the words ” not have a leg to stand on” will have real meaning when you find yourself in Court facing the prospect of heavy fines and possible time in HM’s rental property!
The costs to comply are not as expensive as you would think, and the resulting “peace of mind” factor makes the costs involved in making your rental property safe and legal … a case of money well spent!
If you feel that you will not have sufficient time to properly look after your rental property and your tenants, it is quite in order to find a rental agent who has experience in all aspects of property rental.
Although a rental agent will charge a fee, if the rental agent is good, you will end up with a safe and secure property, coupled with tenants in your rental property, providing you with the rental income that you seek.
Give yourself a head start when looking for information and advice when it comes to creating an increasing rental property income when you start to build a rental portfolio. Visit this website http://www.buildarentalportfolio.com for free in depth rental property information and outstanding real estate tips and ideas for expanding your rental property portfolio.
FLIPPING HOUSES OR WHOLESALING SYSTEM – TRY IT NOW, RISK FREE
At this moment, many people who are planning to sell their property rely on a real estate agent. They are aware that they are the ones who are good when it comes to getting the attention and the interest of the people who are planning a property that they can use. In fact, majority of the property owners were able to receive great amount of money because of the agents.
Due to various properties that are for sale in different places around the world, it is no longer easy for the property owner to locate a buyer. This is because the owners of the property are staring to compete. If you have difficulty in selling your property, it would be better if you will be asking the assistance and help of some of the best agents who are knowledgeable and expert.
Being the property owner, you are not just the one who will be receiving great benefits but the agent or investor as well. However, there are some important qualifications that an agent must have to be able to get the attention of the buyers and to close a deal. As a matter of fact, all the factors are very simple and basic. It will just depend on the agent on how he or she can make use of it effectively.
The real estate agent or investor should have good interaction and communication with the people whom he or she will be negotiating. Keep in mind getting the interest of the buyer will depend on the agent or investor speaking and communicating with the buyer. Another factor is patience.
It is true that the agent or investor will be meeting a lot of buyers but there is only one who will close a deal with them. It will really take some time before the agent will be able to close a deal. Another factor is that the agent should be able to create a good working relationship with every buyer who will come and go. Even if the buyer decided not to buy the property, then the agent should accept the fact and respect the decision that was made by the buyer.
After the real estate agent or investor was able to close a deal, it is essential that the owner of the property will be giving the agent or investor a certain amount of money. Of course, they have to be paid accordingly because of the time and effort that they spent just to get you a buyer.
Majority of the agents or investors were able to earn a living because of this. As a matter of fact, they already have a stable life and they have enough money to buy all the things that they need every day. In fact, many of people who are planning to sell their property trust a real estate agent. This is because of their skills when it comes to getting the attention and interest of the buyers. It does not matter to them even if there are so many agents as long as they are doing their job well.
FLIPPING HOUSES OR WHOLESALING SYSTEM – TRY IT NOW, RISK FREE
In order to make money quickly with real estate you need to make sure you are following a proven system. For most people spending the few hundred dollars on a complete proven system is completely out of the question and there for they will never learn the right way to invest in real estate.
The first thing you need to realize is that in order to make money quickly you need to find great deals that you can fix and sell in a very short time frame. The biggest money maker in recent years was called “Flipping a house” which simply was buying a house at a discounted price in order to fix it up and sell it very quickly. The great thing about this method is it still works and works very well. The only thing you have to do in order to get into this business is to find a house that needs some work done to it and buy it at the right price. Then you need to figure out how much money you need to spend on the house to get it looking brand new and then figure out what you can sell it for. If you have a decent sized profit then you will want to make an offer on the house and lock it up.
The first rule I ever learned about buying real estate is to make sure you aren’t buying and selling out of emotions and that you need to keep your personal opinion and taste to yourself because putting personal feelings into real estate will often cause you to either overpay or undersell. “The money is made when you purchase the house, not when you sell it”, this is something I learned very quickly and the reason it is true is because as long as you buy the house at the right price you will make money quickly.
Adam Snyder is a firm believer we need to save the planet and he has done his part to stop using plastic bags and instead has switched over to using a mesh beach tote.
Notes: BRAND NEW FROM PUBLISHER! 100% Satisfaction Guarantee. Tracking provided on most orders. Buy with Confidence! Millions of books sold!
“If you’re an investor sitting on the sidelines thinking you have no play in today’s property market, think again. In his new book, Matt Martinez gives you everything you need to know to start profi ting from the new paradigm in real estate.” — ROBERT IRWIN, bestselling author of How to Get Started in Real Estate Investing
THE NO-GIMMICKS GUIDE TO PROFITABLE REAL ESTATE INVESTING IN POST-RECESSION MARKETS
Praise for HOW TO MAKE MONEY IN REAL ESTATE IN THE NEW ECONOMY:
“Martinez demonstrates that real estate is still the place to be in order to grow wealth. Every serious investor and would-be investor needs to read this book.” — MICHAEL C. THOMSETT, author, Getting Started in RealEstate, third edition
“The great recession has created a new reality for real estate investors–and Matt Martinez describes a sensible pathway toward intelligent buying decisions in the midst of changing times.” — MATT WANDERER, principal, Alterra Capital Group
“A must read.” — JON SWIRE, author, There’s No Free Lunch in Real Estate
“Matt Martinez is the Warren Buffett of real estate investing. I give his books to all investors who buy buildings from me.” — FRANK PONCE, Commercial & Investment Properties, Scott Anastasi Realty
“Matt’s book provides the tools for success that are essential for anyone interested in building a winning real estate portfolio in this new economy.” — DANIEL M. PALMIER, president & CEO, Potomac Realty Capital
“Matt Martinez does it again! The real estate landscape has changed forever. The lending industry is different, the players have changed and it is a new world out there. The new buyer must be an educated buyer. Matt allows the reader to become embedded in the industry — smarter and more powerful. Get smart and READ Matt’s book before you go out there.” — DALE ROBYN SIEGEL, award winning author of “The New Rules for Mortgages”
“Matt Martinez is giving a no nonsense guide on how to succeed in today’s complex real estate investment market. A must read.” — PACO DIAZ, Senior Vice Prsident CB Richard Ellis
“Matt has really hit the target with his new book. The real estate landscape has changed dramatically, so investors who want to prosper must adapt to these turbulent times. Matt clearly outlines the pitfalls and opportunities that exist in this new environment. Matt’s book is a must read for anyone investing in the new economy!”” — GARY KACHADURIAN, Chairman, Apartment Realty Advisors
“As a sole owner of roughly 2,900 units located mostly in Silicon Valley, I thoroughly enjoyed Matt’s book. I would HIGHLY recommend it to anyone interested in real estate investing in the new economy, as it is informative and practical.”–TOD SPIEKER, President, Spieker Property Management Company
“As a professional who is involved in real estate transactions on a daily basis, I have seen the commercial real estate market transform in the past three years. In How To Make Money In Real Estate In The New Economy, Matt Martinez outlines key strategies for seizing strategic investment opportunities and identifying would-be pitfalls. It’s a terrific resource for anyone looking to invest in today’s complex real estate landscape.”–TERE BLANCA, President and CEO of Blanca Commerical RealEstate
Business strategic development combines elements of strategic planning, marketing, leadership and management development. It provides a framework around which the decisions affecting the long term success or failure of the business are organized.
The good news is that this vital ongoing strategic business planning activity does not require extensive training, outside consultants or experts, and costs nothing other than a few hours of your time each month. It only requires your commitment to the process and access to a small group of your contemporaries – industry folks you trust and respect who will be your sounding board. Peers who will test your assumptions, keep you and your people focused on what’s important and what’s possible for your business to achieve.
Business strategic development is a process that involves first and foremost the setting of goals and objectives. Unless there is specific agreement on where the owners of the business want to be in 5, 10, 20, or more years from now – any actions taken will be ineffective and a waste of time, energy, and resources.
What will the organization look like if it achieves its mission along with step by step actions required that will result in the achievement of its goals and objectives? Business strategic development will you in identifying the forces that drive change in your industry that you can potentially leverage as well as understanding the effects of your decisions and develop action plans for dealing with external forces you can not control in order to consistently move forward toward your goals.
The strategic planning component of the process thoroughly assesses the external (market) environment and makes forecasting assumptions on those assumptions. This crucial element must be ongoing as the external business, economic, regulatory, and political environment changes continually.
When the alternatives are known, through the process of risk assessment designing and executing the alternative courses of action becomes straightforward. Once you fully understand the potential risks and possible rewards you way forward becomes clear. Selecting the best course of action then while tracking and evaluating your results as helps you monitor the course of action chosen.
Business strategic development is a never-ending process every business must go through if they are to remain successful and move inexorably toward innovation and development for the future. It is about looking toward the future, typically a 2-5 year horizon and depending on the industry and its capital requirements even longer.
It is all about identifying and defining desirable future results and developing strategies and actions to reach them. It is a planning and execution process that actually gives meaning to routine day-to-day activities. Business strategic development enables organizations to determine where they intend to be and how to get there.
The ability to make decisions for the future depends on a clear knowledge of the available alternatives, a systematic assessment of the costs and benefits of each alternative is the reason why we must focus on it. If we are serious about the future of our organization we must create a consistent order among preferences, and establish clear rules for making decisions that will take us where we want to go.
Business strategic development is a process that helps every member of the organization clarify what’s important to the business, and based on where it is now, the steps and decisions required to achieve what’s possible. It also takes time and requires you continued attention.
If you want to be even more successful in the future than you are today, a b2b mastermind group will show you how stay focused on what’s important. Connect with your peers via your own Internet conference call. Combine a traditional conference call with a Power Point presentation, run Q&A, share handouts, and record it all for instant playback.
What is video marketing and why should you be doing it? Are you taking advantage of perhaps the most powerful tool that can promote your product on the internet, and perhaps make or break your business in a tough economy? I know what your thinking I don’t have the time to do this, or I don’t know how to do it? Well, unless your business is growing at a rate that is more than you handle you might want to make the time.
Video marketing is using videos about your business, product, or service, and strategically placing your video content in front of your targeted prospect. Knowing where to place your video is certainly key, but more importantly taking the necessary action to create your videos will lead you to finding your desired prospect.
There are three simple elements that will give you an endless opportunity when promoting your product on the Internet. The best part is two of the three elements already exists and are absolutely free. All you need to do is create the third element and with a little bit of desire, and a couple of hours of time you will be well on your way to generating more business on the Internet.
The first element is the Internet. Of course that is already there with millions of people looking for products or services everyday, and I would be willing to bet that your product is one Successful Digital Marketing Strategy – Video Marketing Tools that is being searched for. The question here is “how can I get my product in front of the them?”
The second element also exist a place to host your video. Video hosting websites such as Youtube.com, Video.Google.com, MetaCafe.com, and many others not only host your videos for free, but more importantly they also provide millions of viewers each month who are looking for product and services such as yours. According to Quancast.com an Internet traffic research company estimates in June 2009 Youtube’s estimated monthly viewers at 72.5 million, MetaCafe had ruffly 12.3 million US viewers, and Video GoogleÂ had about 7.6 million viewers. That is nearly 100 million people viewing videos from those three resources alone.
The third and final element is a video, but not just any video. A video that will actually demo your product or service. This a great way to create a value added face to face tutorial with a prospect, and drive them to your website for the sell. If you are willing to provide a prospect with an online video tutorial of your product or service chances are they will better informed and more apt to purchase your product if it suits their needs.
Larry Bradshaw would like to thank you for taking the time to read this article. If you are new to internet video marketing and need more assistance I can provide you with additional tools that I have found to be of use for free. I am also an Internet marketing and looking to network with others in the industry. My website is http://www.ecommerceteam.info for more information, or you can email me at firstname.lastname@example.org
Video Marketing Elements To Success – Digital Marketing Strategy
Do you dream about operating a successful online business? Not every opportunity will be right for everyone. Before enrolling for an internet business opportunity, it’s useful to have some factors to gauge the right opportunity for you. These are some elements to keep under consideration as you research.
1) Firm Base – Opportunities abound on the web, a major proportion of which are flash-in-the-pan opportunities based primarily on false promises of instant wealth. Research your opportunity. Ninety percent of online businesses fail within the first year. A good rule of thumb is that the company should be over twelve months old. If the company is a relative beginner at a year or thereabouts old, make sure the monetary and experiential foundation is solid. Research the founders ; have they had prior experience in a prosperous business? Do they have adequate venture capital?
2) Product – Is the product something you can be OK with promoting? Would you want to use it yourself, whether or not you didn’t work the business? A successful entrepreneur is always a product of the product. Is there an existing market for the product? Where are the market trends heading? If at all possible, position yourself in front of a major market trend. In a nutshell, the 2 first questions are, a) do you believe in the product? b) Is there a market for the product?
3) Return on your investment – Every legitimized home run business opportunity requires an investment in either cash or time or both. Carefully weigh cost vs value , how much you expense and time are you able to realistically expect before turning a nice profit? Is the compensation plan designed to benefit the small enterprise? Are there successful folks in your opportunity? How long did they take before attaining success?
4) Support and training – Is there a hit track for you to simply plug into and copy, or do you need to re-invent the wheel? Are there coaching videos, audios, eBooks, and software available to steer your success? Are you able to have head to head or telephone time with successful folk in your business venture? Are there local meetings, online conferences, webinars, teleconferences, presentation videos and vocal recordings to plug prospects into?
5) Your keen desire – Does the business venture awaken your dreams? Do you burn for greatness in this actual opportunity? Can you taste, smell, feel the symbol of victory at the very top, whether or not that be a cruise or an auto, most corporations provide a real inducement for motivation. It is not so much the object, but the symbol of success ; do you burn to have that symbol?
Find the net business proposition that meets the above five elements for you, and you are successful. You just need to do the work to make it happen. I know you will , if you burn for it.
Charlene Sheldon lives the Law of Attraction and other Prosperity Laws such as the Law of Gratitude. They work for Charlene beyond what she had imagined! What Charlene enjoys most about InternetMarketing is that it allows her the FREEDOM to work at home http://www.wealth-secret.com Blog: http://wealth-secret.
When you are new to the world of Internet marketing, it is easy to get yanked from one thing to another and not really know what to focus your efforts on while getting your business started. Here are three major elements that will go a long way to ensure you success online if you focus on and mater them.
One of the first steps in starting a online business is to pick a niche or target market. This is also where many newbies get hung and it’s no wonder. Everywhere we read, we are getting advise that say’s jump into a small niche with little competition. The Internet has been around long enough now that if a niche has little competition, there is a good chance it is because there is no money being made or spent in that niche. Find a niche that is hungry and spends money>
Building a list of subscribers in your chosen market is essential to the long term success of your online business. By having a list, you will have the ability to stay in contact with your prospects. You will be able to build trust and offer value over time. This put’s you in a much better position to actually sell something. Think about it, wouldn’t you rather buy from someone that you trust and that you know gives you value? Of course you would.
3. Strive to provide solutions:
Often we see the new Internet entrepreneur working hard to sell things and yet they just never make anything happen. There could be many reasons for this but my take is that they are trying to sell things for the purpose of making money. Now don’t get me wrong, making money is a good thing and most likely the reason that people go into business online. However, selling products that don’t benefit the customer can be sure death in any business. Make an honest effort to serve your market by offering real solutions to real problems and your Internet marketing business is sure to succeed.
Would you like to learn more about starting a Internet marketing business? I just completed a brand new free guide.
Important Notice: The book has been updated to include more necessary diagrams (in response to customers review) to enhance simple, fast and clear understanding of the very significant insight presented in this book.
The biggest challenge of Price Action trading is how to know when the trend is reversing or settling into a range. But without crystal clarity on the 2 major factors that defines trend continuation namely; when is a retracement formed and secondly, when is a new high created in a buy trend or new low in a sell trend, you will always make easy, simple but totally avoidable trades that losses you money.
I can tell you authoritatively that you cannot trade price action very successfully if you don’t know this small little tiny detail. You will keep falling prey to trends fake outs and news spikes.
I have been there, sweated it out on trading price action and losing out-rightly after doing everything right to trade with the trend, my supposedly best friend in trading.
I had read alot of materials but none seems to have a precise solution for me. I was about giving up and simply follow the expert advice by making my stop loss system more stringent when it jumped out at me from the charts that i was READING THE TREND RATHER WRONGLY!
I was taking a false high for a break of the previous high (or low in a sell trend). Trust me the market actually created new levels so I wasn’t making an obvious mistake.
What I realized was that every new high or level does not qualify as the higher high or lower low. This book is about how to know very specifically, what new levels should be taken as the higher highs and lower lows of a trending market.
What did that discovery do for me?
1. I started having more accurate entry points. 2. fake-out by trends going nowhere stopped. 3. Since price action trading is totally technical analysis, I became more immune to sporadic price movement caused by news and data releases that tend to spin the trend over SUDDENLY. 4. Bottom line, I have been much more successful.
You too will be, GUARANTEED. Provided you do not underestimate this very tiny detail.
It’s short, sharp and straight to the lesson. The first in the series.
If you want to know exact solutions that would increase your wining trades and drastically reduce your losing ones (if you trade price action), then this book is written for you.
The book has been updated to include more necessary diagrams (in response to customers review) to enhance simple, fast and clear understanding of the very significant insight presented in this book