Real Estate Blog

If you are interested in buying commercial property, you will need to save a lot of your valuable income to be able to buy. Especially if you are considering buying a property for your business. Likewise if you are just starting out and what to buy a property for your new business. Either for your self or something that you can lease out, like an apartment. What ever the reason you make, there are many things to think about when it comes to the decision you are making.

For instance you need to know how much money you have to put on a property. Knowing this type of information will help in making the decision of what type of property you can buy. You will also need to have a 20% deposit of the total amount on the property. To be able to put a deposit down on the payment.

Continue reading ‘Ins and Outs of Owning Commercial Property’ »

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Why have a Rental Lease Agreement?

If you’re a landlord or a property manager, it’s likely that you’ll need a rental lease agreement for your tenants to sign when they move in. These are typically created for the benefit of both parties; the document ensures that the landlord receives their rent, has the right to evict a tenant, and protects their investment unit. The document also ensures that tenants can hold their landlords accountable for the maintenance and upkeep of the dwelling, as well as protection from abuses that might otherwise occur.

What should be included?

There really isn’t a right or wrong way to create the form. However, there are some key components that certainly should not be skipped if you’re designing one yourself.
These include (but are not limited to):

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Having to manage a number of properties will include many administrative tasks, including the maintenance of the property, looking after the building repairs and making sure the expenses are being paid. An owner who has tenants may want the service of a rental property management company to help assist. These companies will be able to provide a service that can include marketing the rental units, making sure they get the tenants and negotiating the leases and agreements. The management company of the rented out houses usually handles the collection of the rent and the complaints of the tenants. They also may be involved evicting tenants.

There are two types of property management companies, residential and commercial. What a commercial property manager does is look after the business of commercial properties that include things like the retail space, office buildings, or a storage facility. The residential property manager will cover the housing of rented properties, for example apartment buildings or family homes. Some countries will need the property manager to have a licensing especially when it comes to handling negotiating the lease agreements, the marketing of the property and the rent money.

Continue reading ‘What is Involved in Property Management?’ »

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Financial leverage is a term associated with financing that refers to the use of borrowed funds to acquire investment property. When compared to the value of the property, the amount of leverage increases as the amount of borrowed funds increases, and conversely, decreases when the amount of borrowed funds decreases.

For example, a real estate investor who borrows $80,000 to acquire a rental property valued at $100,000 would be getting a higher financial leverage than an investor who borrowed a lesser amount (say only $70,000) to purchase a rental property valued at $100,000.

Continue reading ‘Understanding the Three Types of Financial Leverage’ »

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