Buying And Renting Your First Rental Property

Buying And Renting Your First Rental Property

Buying And Renting Your First Rental Property

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.

Your responsibilities:

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 for free in depth rental property information and outstanding real estate tips and ideas for expanding your rental property portfolio.

Buying And Renting Your First Rental Property

Elements Of Business Strategic Development

Elements Of Business Strategic Development

Elements Of Business Strategic Development

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.

Elements Of Business Strategic Development

Top 10 Best Online Business Ideas to Start a Small Business

Best Online Business Ideas



5 Necessary Elements Of A Successful Web Business Opportunity

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?

Best Online Business Ideas

Business Sales Funnel Made Simple To Maximize Brand Awareness And Profits - Click Here


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.

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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 Internet Marketing is that it allows her the FREEDOM to work at home
Blog: http://wealth-secret.

Price Action Trading: How to Know When the Previous Level is TRULY Broken: The first major step for successful price action trading (3 Fundamental Elements of Successful Price Action Trading Book 1)

Price Action Trading: How to Know When the Previous Level is TRULY Broken: The first major step for successful price action trading (3 Fundamental Elements of Successful Price Action Trading Book 1)

Price Action Trading: How to Know When the Previous Level is TRULY Broken: The first major step for successful price action trading (3 Fundamental Elements of Successful  Price Action Trading Book 1)

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.

Thank you

Read on!

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

Happy Read!