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Launch. Grow. Thrive.

Tag: Property

  • The Qualities Of Great Realtors

    The Qualities Of Great Realtors

    When you are looking for a realtor, you need to make sure that you are doing all you can to find the best one. But how can you do that? Mostly, it is about ensuring that you know what you really want in a realtor, and that is something that a lot of people are not very clear on. However, there are some specific qualities that it is worth looking out for in a realtor, and in this article, we are going to take a look at some of the most important of these. As long as you find a realtor with these qualities, you are probably going to be moving in the right direction.

    Luxury Realtors

    Drive & Tenacity

    Most of all, you want to know that your realtor has the necessary drive and tenacity to make things come true. You can think of a realtor as someone who takes your dream and turns it into a reality, and to do that requires a great deal of time and effort, and the ability to retain drive throughout the whole process. Therefore, you should look for someone who appears to have this naturally, as that is going to make your percentage of success much higher indeed.

    Winning Personality

    A lot of the selling and buying houses game really comes down to a personality thing. If your realtor has the kind of personality that people enjoy being around and talking with, ultimately you are going to find that this will work in your favour. A winning personality makes it easier to land sales and get the right deals, and all of that is important no matter which side of the equation you might find yourself on. It’s important to think about this in your decision of finding a top real estate agent.

    Problem Solving

    There are a lot of issues that can arise in the buying and selling of properties, so you are going to need to have someone on your side who can solve problems with creativity and originality. It is often hard to discern whether this is something you will get from a specific estate agent, but you will soon come to see whether it is the case after you have spent some time with them. That’s why it’s often best to give someone a chance, as you might discover more about them in a very short space of time.

    Honesty

    Finally, everyone wants to be dealt with in a way which is honest, which is why this is going to be one of the most vital things that you need to look out for too. If you can know that you are being dealt with honestly, then that is going to help things along quite nicely, and you are going to feel as though you are getting the service you need and deserve. Most people can tell if a person is honest, so you can just use your instinct to work this out in each case.

  • 4 Issues That Can Reduce Efficiency Levels On A Construction Project

    4 Issues That Can Reduce Efficiency Levels On A Construction Project

    When you’re working in construction, it’s essential that you quickly learn how to work on a tight deadline. Clients are always going to expect a project to be completed in the allocated time that you provide. Part of this is about planning the right way and leaving enough time in your initial estimation. However, it’s also important to understand that there is a wide range of issues that can slow you down. You need to be able to tackle these problems head-on. 

    The Wrong Workers And Contractors

    Whenever you are working on a commercial property, it’s always going to be important to take the time to put the right team together. You need to make sure that they are going to be able to deliver the quality of service required. If you are hiring freelancers do make sure that they are fully qualified and ensure that subcontractors have the right licenses. If you don’t get the right team on board, you’ll always struggle to hit a deadline. 

    Issues With Equipment

    Another problem that you could encounter might be connected to the equipment that you are using. For instance, you might find that you are struggling to stay on track because the metal springs in your compressor need to be replaced. This will make breaking through concrete foundations an absolute nightmare and it can set you back weeks from day one. You need to make sure that you are either getting equipment replaced or repaired. Remember, if you’re struggling to cover the cost of equipment in your business budget, then lease contracts could definitely work in your favor here. 

    Low Tech 


    It might be surprising to learn that construction can now be a hi-tech industry and there are certain types of technology that will be incredibly useful. For instance, you might want to consider investing a cloud server for your business. With the right cloud server, you will be able to guarantee that everyone remains on the same page. You can also send out docs that you need contractors or clients to sign without delay so that you can move forward with a project and get different plans approved. While technology is going to cost money in the short term, in the long term it could provide tremendous benefits for your business.

    Issues With Planning

    Finally, you might find that a project grinds to a halt because you don’t have the right planning permission to complete the work. This is why you need to make sure that you are taking the right steps to look at alternatives before you send a plan for approval. You should help clients formulate changes that will guarantee that a plan is passed without you  having to deal with months of delays that could cost you and your client a fortune. 

    We hope this helps you understand everything that you need to be aware of about issues that can slow down a construction project to a crawl. If you tackle these issues head on, you’ll have clients that are happier with your work. 

  • Keeping Your Business Premises In Tip Top Condition

    Keeping Your Business Premises In Tip Top Condition

    Whether you choose to lease or to buy your business premises, there are many reasons to keep it in the best condition possible. The first of these is that a well-maintained office or store will always awe customers and make that all-important good first impression. While the second is the well-maintained building is likely to be a lot safer for the people visiting and working there, something that can help you minimise the risk of accidents and their consequences. Of course, maintaining your premises is not something that you can do alone. Indeed, there are many contacts you will need to keep your business’s premises in tip-top condition. Keep reading to find out who they are.  

    Cleaners 

    The first contact you will need to ensure your business premises stay well maintained is the name of a good cleaning firm. The vital thing here is to make sure that you match the cleaning service you choose to the type of business you run. For example, office-based businesses will only need fairly standard cleaning practices to ensure they remain hygienic and safe. 

    Picture located at Pixabay – License CC0

    However, high-risk businesses such as food production will require many additional services such as regular deep cleanses of surfaces, equipment, and even flooring. 

    Of course, it’s worth noting that not all cleaning firms will be able to offer the services that your business will require. Therefore you must shop around and carefully interview potential cleaning teams before employing them.  Also getting word of mouth referrals from others in the same industry as you can be a wise move here. 

    Security firm 

    Keeping your business’s location safe is another vital element to consider here. For this, the contact you will need is a good security service. 

    Look for one that offers automatic first response call-outs, as soon as your alarm goes off. These types of service are so helpful because it means you can get a security professional to attend the scene of a break-in, rather than ask one of your staff to risk their wellbeing. 

    HVAC 

    Being able to control the temperature within your business is an essential part of maintaining your premises. Indeed, without this ability, the work environment can quickly deteriorate causing problems with productivity and morale. 

    Picture found at Pixabay – License CC0

    That is why it always pays to have a 24 Hour AC Repair service to hand. Indeed, the particular advantage of a service offer around the clock is that you don’t have to close during business hours and lose revenue to get your HVAC fixed.

    Maintenance person 

    There are a million small repair and maintenance jobs that can come up each day when running a business. That is why it can be very helpful to have a contact that is qualified and willing to complete such tasks for you. 

    Picture sourced at Pixabay – License CC0

    Indeed, some businesses choose to employ a full-time maintenance person to take care of their building and liaise with the other contacts above. While smaller companies may prefer to have a ‘handy-person on their books instead. The reason is that they can come in and complete tasks on an as-needed basis that will help your business premises stay in tip-top shape. 

  • Tips to Being a Successful Landlord

    Tips to Being a Successful Landlord

    The ultimate goal of investing in rental property is turn a profit. To make sure that you achieve that goal it is essential that you follow several critical guidelines. 

    First, always make sure that you check references. This can be a burdensome step that many landlords overlook if they feel as though they have a good instinct about the tenant when they meet with them. Not checking references; however, can lead to a number of problems. You can uncover a wealth of information about potential problems before you rent to a prospective tenant. 

    You don’t have to do this part yourself, however. With the help of CRE Property Management, you can ensure that you have tenant references done without having to do much in the process yourself. You deserve to have tenants who will treat your house as if it’s their own, so make a point of interviewing and finding the right property managers who can help.

    Always make sure that you have everything in writing. This is to protect not only your rights but also the rights of your tenants as well. Everything from the code of conduct you expect tenants to abide by while renting your property to the rental application itself should be in writing. 

    You will find that you have better success with your rental property if you take the time to ensure that it is both secure and clean. The grounds of the property should be free of clear and trimmed regularly. Not only will the property be more visually appealing but these actions will also assist you with property liability. You will also want to take additional security measures. Extra security may be able to lower your insurance premiums as well as provide an incentive to quality tenants to rent your property when they know it is secure. 

    If you make the decision to hire a property manager, take the time to interview prospective candidates very carefully. Property managers can be quite helpful if you do not have the time to tend to all of the details yourself. The wrong property manager; however, can cause you tremendous problems. This means that you will need to hire a thoroughly responsible and professional individual to handle the job. 

    Always make sure that you obtain adequate insurance. Not only should you have property insurance but you should also have liability insurance. One incident is all it takes to wipe out your investment. Check with your state to determine if any additional insurance coverage is required. 

    Regardless of the condition the property was in when you purchased it, there will come a time when repairs are needed. This is part and parcel of owning rental property. If you take too long to make repairs, not only will your property suffer and repairs will ultimately cost more to take care of but you will also likely lose quality tenants as well. By making sure that you handle repairs promptly you will be able to maintain the life of your property as well as retain good tenants. 

    Finally, make sure that you do not violate the privacy of your tenants. Check with your country/city regulations to find out whether you must provide any type of notice to your tenant before you enter the dwelling. 

    Following these guidelines will help you to retain quality tenants and avoid any potential legal problems. 

  • How To Choose the Right Heating System for Your House

    How To Choose the Right Heating System for Your House

    When it comes to choosing the right heating system for your household, there are several things that you must take into consideration. Selecting the right heating system can be an overwhelming experience, especially if you have to make a hasty decision when the installation is just around the corner.

    Before you settle on the most suitable heating method, there are two main questions that you must answer right away.

    • Which heating method is the most efficient for your home?
    • What is your budget?

    It is also essential to keep in mind that the most effective heating method might be expensive initially, but it will reduce your expenses significantly later on.  There are a lot of options to choose from when it comes to heating your home. Some of the most effective heating systems include the following;

    1.      Active Solar Heaters

    If you aim to have an environmental and eco-friendly household, then solar heating is the best option for you. This heating system uses the sun as the primary energy source, thus eliminating the need for electricity or natural gas. It does not emit any greenhouse gases after installation and is pollution-free.

    Solar heating systems either use electric or mechanical equipment to convert solar energy into heat. The heat is then stored in a system for use whenever it is necessary. They have a long life expectancy and can last for more than 20 years.

    Image Credit

    2.      Furnaces

    Furnaces use electricity, gas, or heating oil to heat air in a central place and distribute it throughout the house via ductwork and vents. Furnaces are also referred to as warm air distribution systems.

    Furnaces are popular among homeowners because they have a long lifespan, they are affordable, have low operating noise, high indoor air quality, and more. They also require minimal maintenance.

    3.  Heat Pump Systems

    Heat pump systems operate by producing heat which they take from the air or the ground. They are a very energy-efficient option because they do not use fossil fuels to produce heat. They can also draw cool air from the surrounding during warm periods and be used as air conditioners.

    4.      Underfloor Heating

    Underfloor heating systems are beneficial in various ways. They warm up your space equally, and almost no energy is lost in the process. They are also flexible as an energy source and eliminate the possibility of mites and allergens blowing around, unlike forced-air heating systems.

    However, the installation cost for underfloor heating systems is a bit higher than the other options. It also calls for careful consideration when choosing a carpet for your home.

    5.      Hydronic House Heating

    Like solar heating systems, hydronic heating systems are an excellent long-term choice. Although they have a high installation cost, they are highly efficient and have a low maintenance cost. They also have a long lifespan and can last for over 20 years if they are correctly installed.

    Choosing the right heating system for your home is a big decision. You can choose from the above-listed options and ensure that you hire a professional to do the installation for better and longer-lasting service.

  • Real Estate: Could It Be for You?

    Real Estate: Could It Be for You?

    By now, we’re all well aware that we’re in the midst of a pandemic and that this situation  doesn’t seem likely to be resolved in the immediate future. We’re all adjusting to living during these trying times and overcoming the challenges that the pandemic is throwing our way. Now, one major issue many of us are facing is financial problems. Many companies are being forced to stop operations, as governments around the world are encouraging people to stay at home and away from others. This means company collapses, redundancies, workers being offered shorter working hours and people being less likely to spend the money that they do have – impacting the businesses that are still allowed to operate. All in all, you may be feeling the consequences of this and you may, consequently, be looking for some new ways to make money – either temporarily or permanently. One area that many people are looking at getting into is real estate. As you can imagine, real estate could be a great way to make money. People always need housing, so there’s always demand for housing – both rented and sold. At the same time, there’s a lot to learn when getting involved in this field. Here are some suggestions and pieces of information that should be able to help you get started!

    For new and existing real estate investors alike, an online membership where you can learn how to build cash flow from real estate assets to empower generational wealth and join an online community for support and guidance.

    The Basics

    When people get into real estate, they generally take one of two paths. Buying to sell or buying to let. Each involves buying a property, but the way that you make money back from the property differs.

    Buy-to-Sell Basics

    An alternative option is buying to sell. When you buy to sell, you buy a property outright and then sell it on. You might buy a worn down property, renovate it and then sell it for more. You may simply find a quality property at a low price, buy it and then sell it on to another buyer for more without having to do any work to it. The type of properties you invest in will be purely up to you and dependent on how much time, money and effort you want to invest into the project. Either way, you can make significant money with each property you invest in and sell for profit. When selling your property, you want to minimise costs, so may want to sell it yourself using marketing tools for real estate agents rather than hiring a real estate agent outright.

    Most people who buy to sell are always looking for ways to ensure they sell at the highest price possible. However, note that setting the bar too high can either attract a suitable class of buyers or deter the wrong ones. So, it would help if you were extra vigilant when setting selling prices for your property.

    If you undertake expensive innovations such as repainting, installing new windows and roofs, sealing walls and cracks, reinstalling new equipment, and others, ensure you weigh in all these things and come up with the right price. If you are not sure how to do this, it will not break a bone to seek guidance from realtors who have more years of experience in this field.

    It is also good to ensure you find ways to sell my house fast to move onto the next property without wasting time. People who buy to sell should ensure that a specific property does not stay on the market longer than they expect to avoid financial losses. As such, you need to be looking for this kind of potential when you are searching for the property to purchase. There are many different ways to purchase a property, and looking at something like Concierge Auctions reviews to see if the kind of purchasing offered by this company could be right for you is a good step. Take a look at the different options, but make sure you keep in mind the property needs to sell fairly quickly when you’re ready.

    Buy-to-Let Basics

    When you buy to let, you buy a property and then let it out to tenants, who in return for living in the space will make monthly rent payments to you. At first, these instalments will help to cover the cost of the property that you’ve already forked out. But once this has cleared, you can continue to let the property out and the monthly rent payments will form an income for you. Whether this is your income that you live on in old age, or perhaps simply extra disposable income over the years. During the period when the property is still being paid off, you may, as a landlord, charge more than the mortgage amounts to your tenants. This way, the mortgage is paid and you take away extra income at the same time.

    Of course, getting into real estate is going to involve a lot of time, effort and up front cash. But it could radically alter your income and secure you some cash, even during these difficult times!

  • Top Tips for Sourcing a Competent Property Manager

    Your rental property is your source of income and lifetime achievement. That is the reason you need an experienced and competent property manager to manage it. This is particularly important if you are not located near to the property or properties or the tenants are not able to provide a level of assistance when maintaining the property. It is important to note for landlords that when you get a wrong manager, you will have frequent vacancies and revenue loss from the monthly rent.

    What are the Useful Tips when sourcing for a Property Manager?

    Get Referrals from Friends and Colleagues

    Start by talking to people you trust; it is a great way to secure a property manager with vast experience. Ask your family members and friends; they can direct you to realtors, property owners, contractors, and their real estate network. It is advisable not to blindly take their referrals but ask questions to know more about the referred property manager. Seek information from different people since one viewpoint is not adequate.

    Do More Research Online

    It is crucial to do research online. Start by vetting all the property managers referred as you find new ones. Look for websites that can link you up with property management companies in your neighbourhood. When you get a few names, start by checking their company websites, especially their mission statements. Spare some time and look for reviews on the local business bureau, websites and social media platforms like LinkedIn. It is a great way to know of any complaints filed against the company.

    Visit the Properties

    In commercial real estate, it is advisable to visit the sites and evaluate the property manager. You will have the opportunity to see the size and kind of property they manage and gauge their competence. Look for small responsibilities like trash management around the property and all the repairs needed. Talk to the tenants and know how they feel about the handling of their complaints. Be keen on the time allocated for repairs.

    Interview Different People

    It would help if you interviewed different managers to secure the best to manage your property. Organize your questions in various categories like their experience and educational background, pay rate, and services. Ask about the hours they will spend on your property and their dedication per week or month. Be keen on their reaction to different questions, are they dismissive or receptive? Has the property manager had any experience of owning properties themselves? Practical experience is almost better than a qualification that anyone can get. Note any question that will make the property manager uncomfortable.

    Check their Certifications and Licenses

    You will find that most states need property managers to possess legal licenses. It gives them the power to show vacant houses and has confidence when looking for a property manager.  Always go the extra mile and confirm if the property manager is certified by a trade organization. Most organizations will offer certification after tough training. It is a great way to gauge their commitment as a property manager since they have spent their money and time on the course. Always trust your instinct; not all managers who have spent money and time are competent; be wise.

    Parting Tip

    Getting a great property manager will need you to invest your time and do all the necessary research. Remember that the rental property is your livelihood; look for a committed property manager to avoid jeopardizing your investment. Ask for referrals, research more, arrange for sites visits, and interview all the shortlisted property managers. Look for a property manager who will protect your property and help it grow.

  • Top 5 Tips for Commercial Property Managers

    Top 5 Tips for Commercial Property Managers

    Commercial property managers are responsible for leasing and maintaining business spaces. This can be a very lucrative business but there are some important factors you need to consider in order to save money and manage the building successfully. If any maintenance issue goes overlooked, this could be costly to a commercial property manager. It’s also important to have a clear understanding of the industry and type of building. Here are five tips for commercial property managers.

    Understand the industry

    Commercial property is one of the most important business investments you can make but it’s necessary to understand the industry, whether you’re acquiring a property for your own business or going to lease it to another company. It’s essential to understand the health and safety regulations of the type of property, especially if it’s a restaurant, store, or somewhere members of the public enter on a regular basis. You need to be fully informed about any legal requirements for that particular industry.

    Know your space

    It’s also necessary to know the space well and perform routine inspections to ensure the property meets all building requirements. You will need to consider things like installing Oil Water Separator Technologies to comply with water and waste management, updating electrical and HVAC systems, and checks to the building’s interior and exterior in general. It’s vital to keep up with this essential maintenance.

    Go smart

    If you want to save money and run a more modern energy-efficient commercial property then you should consider going smart. There are plenty of smart office solutions, for example, that allow all systems from the thermostat to electrics to be centralized and controlled from one single platform. This way you can control your spending and save on utility bills. It’s also better for the environment and will help to boost office morale and productivity. 

    Proactive maintenance

    As well as being aware of building and maintenance regulations, you need to use proactive maintenance to predict and prevent any problems before they occur. You can use automated systems for this as well rather than just relying on regular inspections. These will collect data and assess this to determine when any equipment needs repairing. You will be able to save on unexpected repairs and the labor costs and downtime these might cause to the business.  

    Maintain communication with tenants

    If you’re leasing a commercial property to another business then it’s essential to foster healthy communication with tenants. Things will run a lot more smoothly if you develop a strong working relationship and mutual respect. It’s important to be present, approachable, and transparent with your tenants. Ensure they have all the information they need and consult them on any updates you may wish to make to the property. 

    You need to make good commercial management your top priority and be proactive to avoid any emergencies or potentially expensive issues. Commercial property management is a little more complex than residential real estate, so it’s necessary to be prepared and understand the type of building you run.  

  • Guide to Vacation Rental Properties to Empower Business

    Guide to Vacation Rental Properties to Empower Business

    While many investors who purchase rental property focus on residences intended for year-around living, there is no denying the fact that vacation rental properties can provide an excellent income revenue. Renting out vacation rental properties; however, can be much different than renting out a regular residence. There are numerous items that prospective vacation renters are looking for; so it is worth it to take the time to ensure that your property measures up. 

    First, always make sure that the property you consider is in a good location. Most people who consider renting property for their vacation have certain ideas regarding the geographic location that they want. The setting for the property should be relaxing and picturesque. The property should also be quite safe so that renters will know they can enjoy their vacation in peace and security. 

    Seriously consider a property that is family friendly. There is an extremely large market for family friendly properties which you can tap into. For a property to be family friendly, the furnishings should be able to easily accommodate children. This means that property should be sturdy and should not include a lot of easily breakable items. Ideally, the property should be in a location that will cater to families. Look for properties near pools with lifeguards as well as playgrounds. 

    Affordable rental prices can also be a great way to ensure that your vacation rental property is booked. A vacation rental property with a reasonable price is always attractive to vacationers because it offers them amenities with which no hotel is able to compete; including privacy, good views, a full kitchen and more space in which to relax. 

    In addition, take the time to make sure that the property really does feel like home. Kitchens should be well-equipped, furnishings should be comfortable and recreational equipment should be provided.

    One of the main reasons that many people choose to rent a vacation home rather than stay in a hotel when they vacation is the fact that they want to enjoy plenty of space. This is especially true for families with children and extended families who vacation together. Assuring that your vacation rental property has a spacious feel to it can help to ensure that your property is attractive to those renters. 

    Keep in mind that it is becoming more and more popular for vacationers to combine their vacation with some other event such as a wedding or family reunion. If you want to cater to these groups, it is important to make sure that your property can easily host groups. One key feature for these types of rental properties is offering a reception room that can easily serve for different functions. 

    You might also wish to consider making the vacation property friendly for pets. Many owners are reluctant to do this because of the potential for property destruction. Keep in mind; however, that there is definitely a niche market for vacation rental properties that are pet-friendly. Most hotels do not provide this option, so it gives your property an advantage. If this is appealing to you, make sure the property is safely fenced. Consider installing wood floors instead of carpeting. 

    To make sure that your vacation property has a wide appeal, set up Internet access. Even while on vacation, most people want to make sure they have Internet access. You can do this using a DSL connection, WIFI or wireless connection. 

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I’m Lena Benjamin—global growth strategist and author of NIFTY, expanding into sustainable fashion and film. With 25+ years of experience in over 30 cities, I advise on UK buy-refurb-sell property ventures and have worked with startups, corporates, and SMEs. From Amazon interest to FT recognition—let’s unlock your next move.

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