Renting a car while touring another city or country requires a thorough understanding of all the basic guidelines. There are several companies that offer rental cars in each location. There are also some global car rental companies. It is very important to understand the policies of the country or state, as well as the policies of the rental company before…
Building or buying a home is a big decision, and one that weighs heavily on the person making the purchase. What happens if you make the wrong decision? What if there are some serious issues that you missed during the initial inspection? What if you miss something and tragedy strikes? There are ways to limit those unpleasant surprises, and one…
To clarify, let’s describe what Real Estate Owned or “REO” is. Real estate seized by an Institutional Lender (primarily banks, mortgage companies, insurance companies, etc.) and now owned by that Lender is REO property. Most lenders have an REO department within their company, usually managed by an REO officer, bank employee, or another lender. Lenders definitely do not want to…
All residents of your properties should be treated as your business partners, as they are responsible for income, expenses, and your final cash flow. It is important to have a good retention program and reward good tenants. Why do people move? People move for many different reasons and sometimes they just like to move and have no reason at all.…
Expired listing marketing is a strategy that all real estate investors should implement. Expired listings occur when contracts between sellers and real estate agents expire. By reviewing lists of expired real estate listings, investors can quickly find owners eager to sell their property. To get the most out of the listing, investors must first develop a strategic marketing plan. The…
You’ve probably heard the phrase, “Is it a 501(c)(3)”? In everyday language, we have a tendency to abbreviate a lot. The question is actually a shorthand way of saying, “Is it a tax-exempt organization”? The Internal Revenue Service grants exemption from federal income tax under Section 501(c)(3) of the Internal Revenue Code. Tax-exempt organizations are nonprofit organizations and conduct charitable,…
A startup is a company started by individual founders/entrepreneurs to seek a repeatable and expandable business model. Startups refer to new companies that intend to grow beyond the sole founder, have employees, and grow over time. New businesses also tend to face great uncertainty. You can register your company as a private company or a partner company as your startup.…
Rent Property on Airbnb There are many benefits to renting out a property on Airbnb, including higher rental returns and flexibility. If you’ve ever stayed in a vacation rental or rented out your apartment, you know that this can be an attractive option. However, in order to rent out your property and get your money’s worth, you need a strategy.…
What is succession is a fundamental question. Financial planners claim that less than 20 percent of heirs and beneficiaries receive the intended inheritance. Funeral expenses, unpaid debts, estate taxes, and legal fees can financially deplete the estate, leaving nothing for those left behind. This article answers the question “what is probate” and provides tips and techniques for keeping assets out…
Investing in real estate scares some people. Understanding what will happen when you invest, and even how to go about it, can leave most people stumped. This article has been compiled to provide you with some easy yet effective tips for entering the exciting field of real estate investing. Remember that real estate investing is all about numbers. When you’re…