One of the biggest advantages of having a property manager is that they not only take care of all the actual management for you: tenant selection, completion of proper documentation, inspections, etc. – but they also do a lot of the accounting. From most of my property managers, I would get a monthly statement that detailed gross income, expenses incurred,…
Introduction: The Financial Accounting Standards Board (FASB) on August 17, 2010 published its “exposure draft” that requires companies to record nearly all leases on their balance sheets as a “right of use” asset and a “payment. future lease – corresponding liability “. . What does this mean for your business in simple terms? In essence, this proposal eliminates operating leases;…
Something new is happening in the online real estate field … a new entry that will have far-reaching effects on your real estate business. Right now, you offer MLS access, valuation services, etc. as an incentive for your website visitors to provide their name and email address so that you can keep track of prospecting messages. Your website exists to…
How does flat rate MLS work? Introduction When you are ready to sell real estate you have options, I know many of you think that you should list with a broker and pay outrageous commissions. That is not true. You can sell by owner or you can sell by owner and take advantage of multiple listing services as well. Let…
When you approach the car rental counter, the rental agent will ask if you want to purchase insurance for the rental car. If you say no, you will be asked to initial next to each coverage you decline. The decisions you make in these brief moments could have a dramatic impact on your financial situation. Deciding whether you need to…
This article was first published in May 2006 as a warning to potential investors to be careful when engaging in real estate investments. Hundreds of investors signed up with us and are participating in joint legal action, but many more, including many of the major banks, some now in government hands, got involved in hundreds of bad deals and are…
HDFC Coops: New York City’s Best Real Estate Deal Frustrated with high apartment prices in New York City? Well here’s the good news: If you’ve ever wanted to live in New York City at an affordable price, look no further. If you qualify, you may have found the best deal in New York City. HDFC Coops, a little-known niche market…
Mobile home roofs are suitable for home construction where the roofs are pre-fabricated prior to installation. This makes it easy to install in the home, saving builders time connecting one roofing material to the other. Using a circular weave rubber membrane that conforms to your roof, the mobile home roofing method is a straightforward system that gives homeowners a shorter…
Real estate can be a great investment with unusual appreciation. We have had several years of exceptional annual appreciation. We continue to have great recognition, maybe as much as 20% annually in some areas. But, it is not as extensive or as extensive as it was. Real estate as an investment can be from pretty good to the best in…
To negotiate a successful short sale, there is a checklist of the items the bank will need from its seller. The following list is a general guideline for what the bank will need. Depending on the bank, they may have their own forms in which they want to obtain the information. For example, if you are negotiating a US Bank…