Juniper Square, a technology company that helps connect investment firms with private capital to be used to invest in real estate, announced this week that it raised $25 million to help grow its business. “Our mission is to transform the world’s private capital markets through software,” said Alex Robinson, Juniper Square’s CEO and co-founder.

Source link

1. know your message, then deliver it, you’ve heard me say security is in knowing your lines, how can you get up and speak without knowing exactly what it is you want to say, how can you even write notes if you don’t know what you want to talk about, so it stands to reason you should know what it is you want to say and deliver your message clearly.

2. If practice makes perfect and it does, in real estate its location, location, location in public speaking it’s practice, practice and practice and when you finish the practice, then practice the practicing. It is a known fact, that most of us become more proficient at doing something, the more we do it.

3. Imagine yourself giving the speech in your mind, then give the speech in front of the mirror, by giving your speech in front of the mirror, you will see an exact image of what you look like delivering the speech, if there are any facial expressions, body movements or otherwise that you don’t like you can change them.

4. Now this is very important, focus on the message, you obviously have something very important to tell your audience, and by focusing on the message, and not your nervousness, not your fear, or anything else, you’ll be like a horse with blinders on focused in one direction and geared to deliver the best possible speech you can.

5. You must absolutely believe in the good of people and know that your audience wants you to succeed, after all you are there to deliver useful information to them information that will help them solve a problem, earn more money, what ever it may be, you know that you are there for them, you don’t have to put on an act they will sense your sincerity.

Source by John M Lawrence

Whether you’re already living in a house you own or you want to buy your first house and springboard it into a bigger portfolio, I’m hoping to provide some useful information to make this easier.

There are plenty of ways to do this—plenty of exit strategies and lots of different names used for it on BiggerPockets. You may have heard it called house hacking, live-in flipping, live-in BRRRR investing, etc. Basically, we will be discussing how take a personal residence and inject some creative element or added value to produce a profit when you exit. There are countless strategies to do this, and a lot depends on what type of starting resources you have access to. Even if you don’t have a lot of starting capital (like how I started), this is still very possible! You just need to find a deal that allows for a reasonable profit margin and be willing to get a bit creative.  

Know Your Leverage Options

Everyone starts out in different places. If you have never bought a house, then buying your first with a value-add is an effective way to get started. You learn the buying process, and you get to make your first purchase with an investor mindset: big advantage! If you already own a house, then you may have equity in it, or you may be able to refinance some of the cash out at a low interest rate. If you have a house that has equity but can’t grab the equity, now might be the best time to sell. Many markets are currently inflated, and if you’ve been living in it for two years, you get to take the gains tax free. There are lots of options available—make sure you take time to consider them all.

If you already own a home, you may have equity that you can borrow against. A home equity line of credit (HELOC) is like a credit card against your house. It’s set up using the existing equity you have in your house, which allows you to use the funds at your discretion. The best part is that, just like a credit card, you don’t pay anything until you actually deploy the capital. HELOCs are a great strategy that I highly recommend.


To see where you may qualify:

  1. Use Zillow as a guide to see your home’s worth.
  2. Take that number and multiply it against 75% and 90%. This is the low and high of common HELOC loan-to-value (LTV).
  3. Take that new number and subtract your current debt service. This is how much you could be able to borrow in a HELOC.

For example:

You own a house worth $200,000.

You owe $100,000.

200,000 x .85 = $170,000 – $100,000 = $70,000 potential HELOC credit!

Other benefits include the option to pay interest only or very low origination costs.

Sometimes it’s better to do a full refinance than a HELOC—for instance, if you need to finance a property that will be difficult to get its own loan or if you have access to reliable income and the increased house payment is less of a concern than access to liquid cash. It’s also good to know that you can take out a HELOC and spend it on a house and then later convert that outstanding balance to a closed-end loan like any other. This is a fantastic option in situations where it can be applied usefully.

Related: The Real Estate Investing Strategy I’d Recommend to Newbies (As a Seasoned Investor)

Viewing a House as a Financial Transaction

Lots of people are emotionally afraid of debt. We live in a society where the word “debt” has a highly negative connotation, and people rarely get explained all the benefits. Now, I’m not saying that debt doesn’t come with risk—it does, but risk is something that should be managed, never feared. The point is, don’t fear using leverage to move forward where you can. Use your resources effectively so they turn a profit. You don’t want to over-leverage or mortgage everything possible in order to get ahead, but realize that leverage can increase your growing power significantly when used wisely. Emotions make terrible debt decisions.

In addition to emotional fear of debt, we also suffer from emotional attachment to our homes. People feel compelled to “love” their house, but house hacking requires sacrifice by definition. It means you’re willing to buy and live in a non-retail house, that you’re comfortable with rehab going on day-to-day, and that you want the house to make money primarily—it’s not your dream home. I always try to remember this great quote: “Never buy a home, only a house.”

I lived in my house hack for about three years. It wasn’t terrible by any means. For people looking to buy “starter homes,” this is probably not the path for you. But making a little sacrifice can be profitable, and it’s good for the soul!

Knowing your home is a financial transaction from the start also helps restrain you from doing unnecessary improvements. Maybe you want a glass enclosure shower, but you know it’s not going to increase the rent, and you’ll never get your money back if you sell it. If that’s the case, then restrain yourself! If the point is to leverage profitable properties into a larger portfolio, then keep your eyes on the long game. There will be plenty of time for luxuries and amenities; don’t get caught up tricking out your rental property.

How I Did It

My first house was a lousy retail purchase that I made no money on. (Still own it and still don’t make money on it!) That deal taught me that buying homes at retail price doesn’t make money. I needed to buy something underpriced or distressed. So we started looking, and before long, I found a foreclosure that I was able to move into while still using an FHA loan. After 18 months and a little rehab, I had a house that was worth quite a bit more than I paid, and many homebuyers had dismissed it because it was a foreclosure. In reality, the house was not in bad shape at all—it was a perfect house.

The original home price was $54.5k. I put $3,500 down and another $3,000 into it over my first year. My wife and I made a little sacrifice to move in this house—it certainly wasn’t brag-worthy, but when it later appraised for $115K, we knew to refinance it immediately. We pulled out some of the created equity and got a HELOC to tap into the rest. So, my $6,000 investment had made $60,500 in under two years. Not bad for a first deal, especially when I was mostly winging it. This means if you’re diligent and focused, you can do a lot better.

Some of the details here are important to cover to better show the most important factors:

  1. I moved into a foreclosure with an FHA. This didn’t seem like a big deal at the time, but being able to find a foreclosure where the FHA will allow immediate move-in can be rare, so if you can find this type of deal you might want to look closely at it. Being able to use FHA means two things: 1) the bank will finance with a low down payment and 2) the bank won’t allow you to move into a foreclosure if it’s in really bad shape. Combine these two things, and you get a discounted house, which is move-in ready, at low cost to entry. EASY!
  2. My initial strategy was to remove the PMI on the original loan, and I was able to lower the interest rate a small bit, so I could pull out $20,000 while keeping my payment the same. Looking back, I should have pulled out as much as they would let me.
  3. Not all markets are equal. People who live in large cities probably look at my numbers and think it’s impossible to replicate, and others might look at these numbers and decide it may be worth moving to capitalize. Sacrifice was definitely a factor in my progress, but to be fair, sacrifice is most likely going to be a big factor anyway if you are starting without a lot of resources and intend to make progress. Something will have to give.

Related: 4 Steps Newbies Can Take to Get Ready to Invest (Even if You’re Still Saving Up!)

Experience Creates Momentum

Using the first home as financial leverage to buy the next is a great strategy, but the momentum it creates should not be undervalued.

That first house hack I did, where I created $60k out of thin air, was much more valuable in experience than in cash. This is because cash isn’t usually the choke point for beginners. Cash might seem like the problem, but the real problem is usually talent, resources, or strategy. Even if you have no shortage of cash, if you don’t know how to deploy it correctly, it’ll go to waste for sure. So the first deal or two, when you’re cash strapped and struggling, trying to grind out maximum returns from your deal is when you create the most momentum. It increases not only your return, but your self confidence. I wasn’t a smart guy who figured this stuff out when I started making money, just a knucklehead who thought he could do it and wound up making a lot. That’s when the momentum hit me. I thought, “Oh, this is not only profitable, it’s very POSSIBLE.”

Now that I knew it could be done, I was unstoppable. This has been the true springboard in my business, not so much because of the capital, but the confidence! Once that first deal or two is in the past, the future starts looking quite easy.

We’re republishing this article to help out our newer readers.

Do you have that first deal under your belt yet? What’s your plan for scaling your investing?

Weigh in below!

Source link

There’s a new notable name among those who plan big investments in Opportunity Zones – Anthony Scaramucci. Scaramucci famously served as White House communications director last summer, before flaming out in just 10 days. After returning to his Wall Street roots, Scaramucci’s firm is planning to invest in Opportunity Zones.

Source link

The legal battle between Airbnb and the Apartment Investment and Management Company over Aimco’s claims that Airbnb was encouraging residents to violate their leases by renting out their apartments on the short-term rental platform is now over. And everyone appears to be pleased.

Source link

It has been quite a good time for long-term interest rates hitting such low levels. Since it can’t be prevented that people will search for places to rent, there’s a distinctive advantage in investing in properties for renting. However, a loan which had good terms made before the purchase might no longer be a good alternative because the market conditions alter. Which explains why looking for ways to refinance for investment property must be one of several things that a good investor should remember. It may significantly help in further raising the cash flow of the investor to produce more passive income, nevertheless it can be used for other gains.

Advantage of Refinancing

This method offers a way for investors to leverage the equity of their property as well as reduce monthly payment. An increase in income is the inevitable outcome, and it can also be turned into cash through cash-out refinance. Simply by decreasing the rate or increasing the term of loan, it may decrease the monthly payment on mortgage and further increase the cash flow.

Remodelling or maintenance can be carried out when you refinance for investment property and this will also improve cash flow since it will help increase the market value. There is also the option to construct additional living space, upgrade the furniture, cabinets, floor and rooms, fix or upgrade the roof, and paint the house. This can make the property a lot more attractive if the investor plans to market it in the future.

If the investor makes use of the property to rent it out, he or she may also raise the rent for the property and further boost his or her earnings. Certainly there is still a need to discuss things with the tenants so it is actually wise to do so first before any improvements are made.

Cash-Out Refinance

The cash-out refinance for investment property can be used instead to invest on more properties. This should not cause any challenges because the equity of a property simply goes up as the mortgage is paid, so an increase in value means an increase in the equity of the property.

Of course there are also other choices for good use of converting home equity to cash. This can include investing in stock market, improve your savings for retirement, put in on the kid’s tuition, and consolidate debt. These are good ways to utilize the funds, but you can also utilize it to take a dream family vacation or purchase a new car, despite the fact that this is hardly using it wisely.

Many people have to be aware that in order to refinance for investment property can provide a good way to obtain income particularly when they are aiming to spend money on real estate. With the equity on the property, it can give them an increase in their investment power and long-term wealth. It should be used wisely for diversifying passive income but there is also the benefit of using it not just for the property’s enhancements but also for personal matters.

Source by Allen D. Wright

Southern Properties Capital, a subsidiary of real estate investment company Transcontinental Realty Investors that operates primarily in Texas and specializes in Class A multifamily, is forming a joint venture with a subsidiary of Macquarie Group, the global finance giant. According to the companies, the joint venture will focus on creating a “business platform that will allow dramatic expansion in the multifamily arena.”

Source link

I know a lot of people would give anything for a chance to be on TV. I recently had the chance to become a star on one of those HGTV shows. Call me crazy, but I turned it down. Here’s why.

While I was truly honored to be asked to participate in a high profile TV show, I took some time to really think about it. I’m glad I did. I took a step back, listed out the pros to cons, and realized it just wasn’t for me. I know others have passed up these offers too, and I am sure that some who went through with it are possibly regretting it. It may be a dream come true for others, but here are the reasons I passed.

5 Reasons I Turned Down a Chance to Be a Star on HGTV

1. It’s not reality.

While all these real estate shows are heralded as “reality” TV, they really aren’t. These shows only detail the glamorous side of the business. My personal philosophy on BiggerPockets and in my interactions with others is to show the behind the scenes side—because the day-to-day, repetitive work is what gets you to the big “moments.” Knowing the reality is the only way to have realistic expectations and to invest intelligently.

Related: 3 Big Reasons I’m Not Sad to See Hit HGTV Show Fixer Upper Go

2. I don’t flip houses.

I am a buy and hold investor, not a house flipper. They wanted my partner and I to convey that we would be flipping houses to regular homeowners. We know how to do that. It just did not align with what we are trying to do, the way we actually invest for ourselves, and what we believe is best for others to do.

3. It’s a time drain.

If your goal in life is to be on TV, then I say go for it. Just know it is going to take up an enormous amount of your life. In reality, it can take hours just to get a few seconds or minutes of great footage used in the final cut. While it is appealing to me to be on a show, it takes time—time that I prefer to spend actually building a business, making real investments, and helping others do the same. Maybe you can remember the names of some of the real estate TV stars of the last 5 years. Most can barely remember a couple. I think you’ve also got to ask whether you want to spend a year or more of your life trying to get your 15 minutes of fame—or whether you’d rather put your time into something that will last and take care of you and your family for the rest of your life.

4. They fudge the math.

The math on these shows is a joke. Any real investor knows that. Often, they completely skip a lot of the holding costs, commissions, fees, labor, marketing expenses, and even repairs. What they show as being a profitable flip on TV can actually be a loss when you do the real math.

Related: 7 Ways TV Flipping Shows Are Completely Fake (As Any REAL Investor Knows!)

5. It’s dangerous.

For all the above reasons, these reality TV shows can be really dangerous to viewers. I’m not saying that is the intent of producers or the script writers—or that they even understand the implications. They are just trying to create entertainment and content that people will watch and that advertisers will pay to market through. It’s great that more people are being inspired and turned on to real estate and its benefits. Still, too many people are relying on these shows as education. Then they jump in without knowing what they are doing, often based on someone else who doesn’t know what they are doing. It is a recipe for disaster. Many have burned perfectly good careers and life savings trying to flip houses like they do on TV. Many have lost it all on their first try, and now have wrecked their credit, career, finances, and may be deeply in debt and legal trouble. Even though I personally prefer investing in apartments, I admit you can make money flipping houses, but you need to know what you are doing.


I weighed the pros and cons for me personally, and I turned down the offer to be a house flipping star on TV. That doesn’t mean TV or flipping houses doesn’t have value. I believe you just need to make an educated and objective decision about it, just as you do when investing in real estate in real life.

We’re republishing this article to help out our newer readers.

What do you think? Would you give anything to be on TV? Have you passed up an opportunity like this? Why?

Comment below!

Source link

We had reconnoitered another spot about which we were told at Quidi Vidi Lake, on the East end of town. There are many RVs parked here anticipating next weeks regatta on the lake. All day two man sculls, 4+1s and 6+1s were practicing for next weeks contest. A hiking path winds around the lake and is a popular spot for the locals. St. John’s is noted for its network of hiking trails. From the Quidi Vidi trail four other ones branch out into the rest of the city.

We took a walking tour of the Eastern Part of the city. This is where many of the rich people built their homes after the numerous fires in the 19th century, which leveled the lower dock portion of the city. Many of the homes are in the Queen Anne and late Empire Style, with later Victorian thrown in for good measure.

The tour took us to the Colonial House, which held the legislature and Supreme Court for the country of Newfoundland from 1850 to 1959. They moved to the Confederation building then. The building now houses the Provincial Archives.

We crossed the street and were invited to attend the garden party at the Government House, the home of the Lieutenant Governor of the Province. We were the delegation from the esteemed state of Illinois. The Royal Regiment of Foot and the 27th Company- 2nd Battalion Royal regiment of Artillery were present in style. The drum and fife corps was augmented by the royal provincial military band, which played during the party. Tea, lemonade and biscuits were served to all of the invited guests.

Thursday, July 31, 2003

Drove to Signal Hill, overlooking the harbor and the sea. We looked at the exhibits at the interpretation center, which traced the history of the area from before John Cabot through the battle of the Somme on July 1, 1917, where almost an entire generation of young Newfoundlanders were lost in one day.

At 11:00 was the tattoo, a 1795 reenactment of traditional military activities, performed by the Royal Newfoundland Regiment of Foot and the 27th Company – 2nd Battalion Royal Regiment of Artillery. Comprised of High School students the corps consists of drum and fife band, the Regiment of Foot and the artillery regiment. They demonstrate the purpose of marching drills which were used in actual combat, the firing of muskets from different formations, and the use of the howitzer and cannon in battle. The exercise was quite informative and entertaining.

Talking with the historian for the group after the performance we asked about the Germans and W.W.II. He said that it was a possibility. Many ships were sunk in the North Atlantic and bodies were washed ashore along the coast. Among the bodies, or parts of them, would have been a certain number of German sailors. Since their identities were unknown the citizens would hold services and give them a Christian burial. This is definitely a plausible explanation and still a marvelous example of Newfoundlander hospitality.

At 2:00 we were scheduled for a tour of Signal Hill. So we went to the Johnson GeoCenter, just down the hill. Constructed in the hill, the exhibits are underground revealing the actual rock of Signal Hill. Some of the oldest rocks in the world have been found in Labrador. One hands-on exhibit is of a rock almost 4 billion years old. We had to leave early because of our tour appointment, but returned later to finish the exhibits.

On Signal Hill, we met Billy, our ranger tour guide. Only two of us were in the tour, even though many other people were on the hill too. He showed us around the hill for over an hour and a half. Signal Hill was used for many purposes, barracks, hospital, prison, etc. Its primary use was for signaling the incoming ships into the harbor. The signal was relayed from Cape Spear, the Eastern most point in North America, by hoisting the ship’s colors. This was then observed by the merchants and townsfolk who readied themselves for the ship. In 1901 Marconi sent and received the first transatlantic wireless signal from Europe, a series of three dots. He used an aerial attached to a kite. The cable companies were not too pleased with his achievement, because they had just laid the transatlantic cable at great cost. How he did this was revealed twenty years later, bouncing the signal off the ionosphere. This changed communications forever and helped marine communications.

Queen Victoria laid the cornerstone for Cabot Tower in 1897, the 400th anniversary of his discovery. One other interesting fact is that the Basilica of St. John the Baptist towers line up with the narrows, the entrance to St. John’s harbor. By lining the masts to a series of lanterns from the tower, the ships were able to navigate the Narrows without incident. This was done until recent times, when the Narrows were dredged for easier access. During W.W.II a large net was hung across the narrows from Fort Amherst to Signal Hill to keep out the German U-boats and protect St. John’s shipping. The Germans, however, had hired many ship captains who sailed from Bell Island, a short distance away. They were familiar with the waters and dangers in the area. So they were able to circumvent the net.

Friday, August 1, 2003

Did some necessary laundry on Merry Meeting Street and other chores today. Merry Meeting Street is so named because it is at the top of the hill overlooking the harbor.  People would meet there to chat and watch for ships entering he harbor.

We are set to stay at Quidi Vidi Lake until next Thursday and watch the longest running sporting event in North America, the 185th consecutive St. John’s Royal Regatta. From dawn to dusk, the crews have been practicing. We are looking forward to the race.

In the evening, we walked to Bannerman Park, the site of the St. John’s Folk Festival, which began today and extends throughout the weekend. Also on tap this weekend is the George Street Festival, which runs through Tuesday night. The groups here have more of a rock rhythm.

Hi again for the third installment.

On Saturday, August 02, 2003 we took the walking tour of the old downtown of St. John’s Most of the original buildings have been destroyed because of massive fires in 1846 and 1892. The streets rise up from the harbor via a steep hill, typical of most port towns. At the top of the hill is Merry Meeting Street, where young people would congregate and yet keep a look out for any ships entering the harbor. Two of the many ships docked at the harbor today were a French luxurious cruise ship with a passenger list of only ninety people, whose itinerary was the Arctic circle and the naturalist sites there. The other ship was a Russian trawler in the harbor for engine repairs. They have been there over a month. Knowing how much the Newfoundlanders regard foreign factory ships destroying the Grand Banks fisheries, the ship might be there for many more months. The crew did not seem to be too displeased, sunning themselves on deck.

Walked down George Street, home of the George Street Music Festival. The street is a pub crawler’s paradise. Just about every establishment on the street is a pub, many with Celtic names. Food is also available, but nothing else, except entertainment at night. Went into the Anglican Cathedral, the exterior surviving the fire, but the interior being gutted. Their small museum has artifacts from the fire, including bent church keys, charred beams, and a mummified church mouse (really a rat). The services are of the High Church variety, with Matins held before Eucharist and Evensong (Vespers) daily and Solemn Vespers on Sunday. They have a photo in their museum of the crew who worked on the repairs of the Cathedral.  One of the men was killed during the project.  Mysteriously he appears as a translucent person the photo. You can see the rest of the background through him: a ghostly specter. Over 50 members of the Cathedral community who died in the World Wars are also honored with a plaque near the altar.

Drove through the English Gardens of Bowring Park. A wedding was in process that day. The park has many statuary, including a replica of Peter Pan and one dedicated to the Newfoundlander Fighting Man.  Cascades, and winding pathways make this a bucolic focal point for the community.

After naps we met up with our friends Andre and Pamela and drove to the George Street Festival. Most of the bands were run of the mill. The headliners were High Holy Days from Thunder Bay, ON and I Mother Earth, a local group making its name nationally. The crowd was sparse until I Mother Earth came on stage. From every direction people came into the square, at least five thousand strong. The lead singer was from St. John’s and it was home coming for the local hero. The music was heavy rock accompanied by a light show. The audience was really into the music, complete with mosh pit. The lead singer even entered the pit for one of his songs and was raised on high. He was in no fear of injury, because these were his friends.

After the concert, about 11:00 the 5,00 plus crammed into the many pubs along the street. The party continued. The festival will go on for three more nights. We plan to be there Tuesday night for the Kitchen Party.

Had Ice Cream at the famous Moo Moos .

Monday, August 04, 2003

We treated ourselves to Ches’s Famous Fi And Chi (fish and chips). The were good, but not as good as the Friendly Fisherman’s Café in Rose Blanche. (Fortunately not nearly so hearty a serving either.)

We visited the Quidi Vidi Brewery. A tour had just left. We got some labels for Don, our Master Brewer, of their products. At Christmas they produce a Mummers Ale, in which they put orange rinds, cloves and other spices into the mash, giving it a special flavor. A Mummer is a British tradition during the Twelve Days of Christmas, where people dress in costumes and are masked. They go from house to house to have their tankards filled after they entertain and the hosts try to guess their identities  In Philadelphia, PA the mummers parade is an annual event on News  Years Day.

Down the road is the Quidi Vidi Battery, built by the French, when they attacked St. John’s during the Seven Days War. It is very small, but adequately protects the cove to Quidi Vidi from an attack from the sea.

Hiked the Virginia River trail, two Kilometers each way. The trail parallels the Virginia River as it cascades down from the hill on which Fort Pepperrell was built in W.W.II for the Americans. Now it is called Pleasantville. A Texan designed the fort and left his imprint: the streets form the outline of a ten gallon hat and have names like Churchill and Roosevelt.

We headed for George Street. Tonight we were going to get Screeched, i.e..become honorary Newfoundlanders. Screech is what one does after drinking the dregs of the dark molasses rum in the olden days. After one month here we feel the blood of the island coursing through our veins. At Trapper John’s Museum and Pub we were properly screeched: drank screech (Newfoundland rum straight, kissed the puffin, or cod, and repeated the pledge.

Now we could enjoy the Kitchen Party. A Kitchen Party is a Newfoundland tradition where anything goes, just as in the kitchen at home.  Tonight was Newfoundland and Celtic night. Some of the groups were Banshee, six Royal Newfoundlander Policemen, and Celtae, where the men wore kilts and the girl fiddler wore slacks. She really started to get into the music half way through the set. Then came the Navigators, whom we had previously heard. The headliners were Shanneyganock, which had the audience going wild with their Newfie and Celtic songs and their upbeat tempos from the fiddler, drummer, bass and rhythm guitars, and squeeze box player. More people were at the Kitchen Party than at Saturday’s concert.

Wednesday, August 06, 2003

Today is a beautiful sunny day for the running of the 185th consecutive St. John’s Regatta. This is the only major festival held between a prison and a cemetery. The shells, i.e., boats, are the old British fixed-seat ones, unlike the Olympics shells where the sets move with the legs. There are twenty-three qualifying races, the men rowing a 2.450 kilometer course, turning around a buoy and then returning to the finish line. Most do it in under ten minutes. The women do ½ the course in under six minutes. This year OZFM, a local radio station woman’s crew won again. They set a new course record of  under 5:00 minutes. Newfoundland Power won the men’s competition.

The competition is not just about the racing. It is a festival. A minimum of 50,000 people congregated around the pond, visiting the concession booths, eating their way along the trail and waiting for the children to play on the different rides. The atmosphere was one of joy. Bands played, crowds stood or sat on the banks cheering on their favorite teams, tailgate parties were set up including jig dinners.  A jig dinner is like a New England Broiled dinner.  It comprises salted beef or pork and then different vegetables are thrown into the pot, making quite a stew.

Thursday, August 07, 2003

Woke up this morning and most of the parking lot was cleared, a different sight from yesterday. We will be moving on too, having enjoyed our stay at St. John’s. Will we return? The answer is, “Yes,” someday, and this time in less than a 40 years.

Source by John Pelley

A professional residential property management firm has the resources and the skill set to provide support to a property investor. A property owner needs consistent updates of their real estate assets, whether the owner is local or a great distance from their investment purchase. A residential property manager can provide reassurance that the property is being well maintained as well as quickly being able to intervene and confront a tenant that may be negligent with the property care. Essentially, the residential property manager can be the eyes and ears for an investor, extremely guarding the investment.

A property owner has the ability to establish any number of restrictions on a tenant as far as property reviews. A consistent residential property management company will review the exterior as well as the interior of a real estate investment. This includes a pre-rental inspection to advise the property owner of any potential rental code violations, a walk through with potential tenants and additional reviews at designated intervals such as every 90-180 days of the rental contract. These inspections help to ensure contract compliance of the tenant and also help to mitigate any potential repair issues. A property owner is consequentially more capable of being able to focus on the financing of the home care and maintenance costs.

Residential property management companies are also able to visually survey the neighborhood for additional competitive rentals, area home sale prices and changes that may affect the overall value of the home. For example, a change in road patterns that will increase traffic in the area of ​​the rental property or the construction of a new commercial zone could change the rental charge amount significantly, as well as the long term property value. Being advised of these issues in a timely manner could have been invaluable to a property owner.

For property owner's wishing to ensure their investment is optimized, contracting with a residential property management firm will help to relate unnecessary facts about real estate investments. Additionally, a property management firm can help to monitor the care of the property and intervene prior to an issue becoming more extensive.

Source by Mike Lautensack