Real Estate Investing For Beginners – Would You Like To Know More About Property Management?

There is a lot to learn about property investments for beginners. The following are only some samples.

Start with the search

There are plenty of ways to look for investment properties. You can find them through classified ads and online as well. To make the search faster and easier, you may want to consider the assistance of an estate agent who is much more knowledgeable and has the proper connections to get access to commercial and other income generating estates.

Consider convenience and accessibility

In your search for a property, you have to consider several factors. This includes the convenience of the site. There are several advantages to a property that is close to shops, parks, transportation and an overall safe neighborhood.

This can affect the demand of the rental. You have to think about what tenants usually look for and make sure you invest in such type of properties. It is also in your best interest to understand and be knowledgeable about certain restrictions that may have an impact on the rental agreement.

Consider improving the property

Assess the condition of the property. In this regard, the service of a property inspector is crucial. He can help you find areas that absolutely need improvements and can give you an idea about possible repair costs. In this way, your decision can be much more guided knowing exactly what condition the structure is in.

New Versus Old Properties

It can be especially expensive to buy a new home so if you are after bargain prices, you would want to browse through older property listings. Be careful however when going for this option. Although the cost of the purchase may be much lower, you may need to spend a lot of repair which would defeat your very purpose of buying inexpensively.

At best, you should set proper expectations by knowing beforehand how much repair and maintenance would cost. This way, you can make proper estimates and decide whether the property is worth the cost it is being asked for. To get to know this for sure, an inspector and an appraiser can be of great help in determining the fair and real market value of the property.

These are only some of the important aspects for property investments for beginners that you have to make an effort to learn. There are other matters crucial to your decision making and you have to make it a point to get to know and master those aspects as well.

I’ve prepared some powerful real estate and investing materials for you below, enjoy!

Choosing The Right Insurance Agent

Personality of the Insurance Agent

Have conversations with prospective agents. Explain your situation and ask for a quote. Simply asking does not mean you have to work with them. This is a chance for you to get a feel for how they work and if you’re comfortable with them.

There are 2 types of Insurance Agents:

A. Independent Agents – These are people who own a small business who represents or an affiliate of a number of insurance companies.

B. Direct Insurance Agents – A direct insurance company sells directly to you without an agent, typically online.

Best choice:

Go with the Independent Agent since they have the opportunity to offer you a best match price and coverage for your needs. They have all the data that they can compare between insurance companies. They sell a variety of insurance and financial products, including property, life, casualty, health, disability and long-term care insurance. They are your one-stop-shop for insurance needs.

2. Credentials

A knowledgeable insurance agent can give advice when deciding what coverage and limits a client needs to protect their family and investments. An insurance agent who have credentials has attestation of qualification, authority or competence, and guaranteed professional in the field of insurance industry.

Nice to Have:

  • CFP – Certified Financial Planner.
  • CLU – Chartered Life Underwriter
  • CPCU – Chartered Property & Casualty Underwriter
  • ChFC – Chartered Financial Consultant
  • PFS – Personal Financial Specialist
  • CIC – Certified Insurance Counselor
  • ARM – Associate in Risk Management

Licensing

Before buying an insurance from an insurance agent, make sure that the agent has a license to sell insurance. It’s like a patient consulting a doctor and the doctor is required to get a license before they can provide prescriptions. Each state requires insurance agents to hold a license to sell policies. Some states require separate licenses to sell property and casualty insurance versus life and health insurance.

3. Client Feed Backs

While you’re checking whether the agent is licensed, also check to see if they’ve had complaints filed against them. For the company, you can check the NAIC’s CIS or call your state insurance department. The insurance department can also tell you if any complaints have been filed against the agent. You also might check with the Better Business Bureau to see if any consumers have filed complaints – or compliments – about the agents you’re considering.

4. Ask Questions

It is okay to ask questions when looking for an agent. In fact, you should be asking questions when deciding who you want to work with. Some good questions are:

  • What are your areas of expertise?
  • What is your reach? Are you local? Statewide? Nationwide?
  • What is your experience in my industry? How many years have you been writing this type of insurance?
  • Do you have any client references?
  • How long have you been in business?
  • How many companies do you represent? Which ones?

Of course there are lots of factor to consider when choosing an insurance agent. Take note of the most important things when trusting someone to provide you with the best coverage for your business needs. You always have an option to switch agents, but it is much better to do a research beforehand to find the great insurance partner.

Technology and Tools to Boost Up Your Real Estate Dealings

The real estate world has seen a dip in the dealings be it leasing, buying or selling, especially in the recent times. In today’s tough economic times, making a new customer is challenging and so is retaining an existing one. Real estate agents have to be at their marketing best at all times and for it they need to be tech friendly.

You might be the best at what you do, but until you communicate it in the right way with the right tools, your efforts might be getting wasted. Technology and communication need to go hand in hand and failure in this issue can see you lag behind compared to your competitors. More importantly, there needs to be a balance between the two and to bring that balance in your profession you need to be working on both the aspects simultaneously. Everything from client communication, connecting with new customer database, sales pitch, after sales service and other such interactions need to be done effectively with the help of technology.

Being in the real estate business, you might have noticed that the presentation or bidding of a real estate agent lacking in the technological aspect affects the whole deal. So instead of avoiding technology why not adapt it to fare better as it will assist you in ways you couldn’t have thought possible. All you need to do is incorporate a few of the technological tools in your everyday dealings making it swifter for you and effective for the customer.

Here are some tips to get you started.

  • Smartphone

If you are still using your old mobile phone it is time you switch to a smartphone with a data plan that lets you incorporate database tools. It will prove to be really helpful when you need to contact your prospective clients no matter if you are in the office or out on the go. You can do it all from your smartphone be it sending or receiving emails, browsing property websites, downloading real estate related news apps, communicate instantly no matter where you are.

  • SMS marketing

SMS marketing is an highly effective way to keep in touch with your regular clients and even getting acquainted with new ones. Make it a part of your client communication strategy where you can send notifications, inform them about new properties on the market, send reminders for installments, invite them for property related events, send them links, details and other market related information.

  • Email communication

Emails have become an essential feature when it comes to client communication. It is a quick and convenient way to reach out to property agents, builders, customers especially when it comes to commercial property clients. Make sure to use the best data software for both your computer and smartphone so you can send and receive e-mail even when on the go.

  • Software

Many software packages are especially designed for the real estate industry and are available at affordable prices to assist the real estate professionals. You can integrate it in your system for database entry, facilitate management of broker, staff, leads, quotes, customer account, auditing and other processes. The softwares are designed to meet the ever-growing demands of the real estate industry and can be used by all, developers, builders, contractors, infrastructure developers.

  • Website

Your personal website can boost your clientele and your work reputation as it will be easy for clients to know all about your work increasing the trust and dependability factor. They will have a gateway where they can access your property listings and inspection information related to all the properties that you have on offer.

  • Presentation software

While presenting a property to many clients or a team you could make use of presentation software with the help of which you can add site photographs, 3D images, manage content, basically create an awesome visual experience for the client giving your property bid a boost.

All these and more can be a part of your everyday dealings when it comes to presenting, negotiating, selling or closing a deal. Like every other field, real estate too is embracing technology and it’s time you too go for it.

Professional Real Estate Photography is Crucial to the Selling Success of Your Home

Nowhere is this more true than on the web where the majority of home buying searches are conducted- “web appeal” is the new “curb appeal”, the lure that draws buyers in. Today’s prospective buyers are used to quality imagery in other marketing venues. Appealing photos will rivet the prospect’s attention, whereas homes with so-so photos may well be passed by.

When selling your home, you hire a Real Estate agent to do the best job marketing of your property. Agents are experts in the business aspects of the selling process; research, pricing, advertising, negotiating and closing. But, the centerpiece in your listing-pictures-is a photography expert taking them?

Grabbing a point-and-shoot and photographing a home seems to be a reasonable option. Often, one can get good shots simply though luck. However, many aesthetic and technological difficulties must be overcome in order to result in the consistently great photography needed in today’s multiple-photo listings.

Internet display systems, known for showcasing still photos, panning slide shows and virtual tours, are another tool available to realtors. These products are only as good as the photography used within. Use poor photographs and you get a poor photo housed in a slide show or tour.

Photography is a highly specialized industry-all photographers are not the same. A good portrait photographer does not necessarily make a good real estate photographer because the photographic challenges and thus, training, are different. Architectural photographers are not the best choice because they charge a significantly higher rate that cuts into your realtor’s bottom line. Professional Real Estate photographers give you similar results at a good price point.

Top-of-the-line equipment aside, professional real estate photographers have more than just a good eye. They know exactly where to put the camera, and are skilled in holding it straight. Professional photographers are experienced at reliably producing multiple uniformly-good shots of every house. Exteriors are taken from the best angle and trumpet blue skies and puffy clouds. Interior shots are well-composed, evenly lit and clearly convey accurate visual information about the space you are looking at.

Photos rarely emerge from the camera ready for display. They require post-shoot processing and this is where the Real Estate professional photographer excels. Great real estate photographs “pop” off the screen or page. They look and feel bright, light, open, and inviting. When done well, the viewer does not know why they like them, they just do!

Ask yourself which listing you would rather be: You are viewing two comparable listings, one with a few photos that are somewhat dark, feel cropped too closely and a little hazy. The other listing has clear, detailed photographs of the outside setting and main rooms of the house. It’s clear which is going to generate more interest, showings and a potentially quicker sale.

So what can you do to get the best photography for your listing?

Examine the existing listings of your prospective agents. Do they feature excellent photos? Are there a half dozen or more pictures on the web listings? Professional Real Estate Photography is done at the agent’s discretion. If the agent you choose doesn’t use professionals, insist that they do. Those that do see the results. And so will you.

10 Steps to Planning an Office Move

Step 1: Define your reasons for moving

Expanding, downsizing, reducing costs or the need a better location are all contributing factors to businesses needing to move office. By having a clear understanding of your reasons for moving will help you to set your goals, new office requirements and communicate a clear and consistent message to staff and clients.

Step 2: Get a Checklist

A Moving Office Checklist is the starting point to planning a successful office move. It will guide you through the entire office move process from start to finish and become your “roadmap” to organise and execute a smooth office move without any disruption to business.

Step 3: Know your Key Dates

Once you have determined when you will be vacating your existing office, you can then begin to work backwards to establish what important tasks need to be done by, and when. Prepare a timeline of events and set yourself daily or weekly reminders so you ensure you never miss a deadline.

Step 4: Set a Budget

When your business is relocating you need to know roughly how much your office move is going to cost and more importantly, where all your money is going. Setting a realistic budget from the outset will help you keep a track of what’s being spent and avoid any unnecessary overspend.

Step 5: Brief your Property Agent

Select a local Property Agent to help you find the right office space and negotiate the best office lease terms. They’ll be able to advise you on the right size of office to look for, assess what facilities you need, and determine the best location for your business.

Step 6: Book your Office Removals Company

Choose and book an Office Removals Company. A meeting with them will help you to establish which office furniture items are going to be moved, what needs replacing and what can be disposed of.

Step 7: Plan your new Office Design & Space Plan

The design and delivery of your newly found office is central to the continuing success of your business. Good office design helps to improve productivity and increase staff morale. Appoint an Office Fit-Out Company to help you transform your new office space into an effective and functional workplace.

Step 8: Plan your IT Relocation

Work out the logistics of moving and re-commissioning your PCs and telephones in the new office. The right IT infrastructure will need to be in place in the new office so that your IT equipment is working as should in the new office without any disruption to services.

Step 9: Finalise your Office Lease

Ask a Property Solicitor to check through your office lease to make sure everything has been documented correctly before you sign the office lease.

Step 10: Dilapidations

Before you hand over your “old” office back to the Landlord, ensure that all dilapidations have been carried out and that the office is in a good state of repair so there will be no dispute in returning your rental deposit.