Real Estate Management Services

Real Estate Management Services

Real Estate Management Services

What is real estate management?

Real estate management is an art and science that involves maximizing the asset value of the property owner. For any individual to carry out this task, he or she needs proper training in this area of study. These professionals are often the people behind the valuation of the physical assets such as property and even financial securities in the stock markets. The above responsibilities of the professionals in this field indeed proves the level of education that they need to enable them execute their professionals functions effectively and efficiently.

In the field of real estate management, there are a couple of professionals involved. These are; property managers, accountants, building engineers, service staff and contract administrators. Their roles are always to ensure that the real estate investors get effective and efficient services.

What services do the experts offer in real estate management?

These professionals offer a variety of services ranging depending on the needs of the investors and the legal boundaries that they operate. The main services offered are;

1. 1. Physical space

The professionals involved have the responsibility of to ensure that the needs of investors are taken care of at all costs. This involves the physical quotation of the raw materials needed for proper execution of the services. The functions range from landscaping, renovations, to systems engineering among others.

In fact, most of building owners often need the experts in this field of specialization to ensure success in the maintenance of their properties. They professionals in the management of real estate often have the mandate to link the property owners and the buyers. A real estate broker, who is a member of the real estate management team, often does this role of linking buyers and sellers of the real estate properties

The professionals in real estate have a role to give advice to the customers who may need to buy any property. This will always simplifies the whole business tractions that are involved in this area of management.

In the real estate management, the experts also have broad platform, which gathers data from thousands of similar investor properties to offer forward-looking advice on any issue about the sustainability as well as property improvements, or even green building management, which often yield returns in the long-term.

2. 2. Tenant relationships

While most of the firms often quantify the value of the asset on balance sheet, they may take a holistic methodology to the real estate management, ensuring that several of property’s best assets are indeed the tenants themselves. They will also share best management practices for the programs that enhance the property owner’s relationships with the tenants while increasing business cooperation and camaraderie among adjacent tenants.

On top of the working proactively that manages the lease expiration’s as well as renewals, they support any future leasing efforts that ensures that the tenants lives are taken care of at all costs. This will always ensure that the property management is taken care. In addition, they also offer face-to-face casual interaction as well as the contractual agreement once the tenants agree with the property owner terms and conditions.

3. 3. Building brand as well as positioning

Everybody understands that real estate management involves building branding as well as positioning. This is often done with an aim of ensuring that the building value is maintained to the market values. The brand also differentiates the services of one service provider from another. They also do have an intimate knowledge about the competing properties with an exceptional care for the unique features of property and services. Tenant turnover often erodes operating income fast, not only through loss in the rental fee of every month, but also by the costs related to re-tenanting mainly from signage to another tenant improvement further to brokerage fees. This will always ensure that the services offered to the tenants are under the legal binding for both of them.

In conclusion, real estate management is one of the new fields of specialization that has enabled the professionals to make huge amount of money through the services they provide for both property owners and the buyers. I believe with proper understanding how this area of expertise, you will not only make money as a member but also save thousands of dollars as a client that you could have spent on other unqualified professionals.

Are You Interested In Real Estate Wholesaling? Learn The Basics Step By Step

Real Estate Wholesaling

Are You Interested In Real Estate Wholesaling? Learn The Basics Step By Step

Investing in real estate is one of the most rewarding investments that one can ever make. There is a way you can make more money through real estate wholesaling. Smart people have learnt the market strategy and found out that one can invest in real estate without having to invest a lot of capital. You can even start the business without necessarily registering a company. The most surprising fact about this business is that you can start the business with as low as $10. Many people have done it and earn thousands of dollars in a matter of days or even hours. It all depends on how smart you are and how good you have marketed yourself.

The most important step is to first have a clear overview of how real estate business goes along. This is most important if you are a new investor. You need some eye and mind openers to keep you aware of all the processes and tactics necessary for a successful investment. This can be done by consulting professionals whereby you can organize scheduled appointments for you to be taught much on this field. You can also get resourceful information from friends who have succeeded in real estate business and have many years of experience. Information is power. There is a lot you can find on the internet and even read through reviews of what others have to say about the whole thing.

At this stage you have learnt that it is all about owning a property and sell it at a profit. This is to say that you get a home owner who wants to sell his property. You negotiate on how much he is selling the property. After this you do simple mathematics and find out how you will sell the property at a profit having and to whom. To make your deals quick and effective, you need to establish good networks with people who are interested on what your offers. It is a good idea to avoid exaggerating the selling prices to avoid keeping off potential customers.

Smart people know how to position themselves on better grounds. You need now to find a potential property owner who wants to sell his house or properties in a quick deal. You need to know that most of these people do not have all the time to market their properties and organizing appointments. Their busy programs sometimes cannot allow them and they are looking on how they can give out the property without hassles. Now you come in for proper negotiations. It does not matter how much money you have for real estate wholesaling but depending on how smart you present yourself, the deal will be over.

You will need to sign some agreement forms in order to get things clear on some points. A little deposit of at least $10 is needed as a commitment fee. This sounds too little and anyone can afford it. That is the beauty of this investment. Remember that the owner gave you his negotiable selling price. You have settled on the last bargain. You need to survey the property and see how much money is needed for renovations and remodeling. You can seek the assistance of a building expert who will give you good estimates on the whole work. From this point, you decide on how much you will sell the property and of course ensuring that you have maximized the profits.
After signing the agreement sheet, the property is partially yours. You can now start marketing it. This is where the real job is. You can do it by coming up with a list of potential buyers and start contacting them and tell them about the property and how much you are selling it. You can also join a network of other realtors and inform them on what you are doing. The response may come in just a matter of minutes and willing buyers who are interested seek to know more about it. Once you come into an agreement on the selling price and everything, the deal is over. You can now receive cash and give the ownership title to the customer. Bank the money to the owners account and you are done. You will be left with a good profit earned almost instantly. That is the good thing about real estate wholesaling. If you think you can make it, then you can make it. it’s that simple.

Residential Back Flip Review & Scam Report

residential back flip review

residential back flip review

According to Mentor Financial Group, Peter Conti and Jerry Norton the Residential Back Flip is a way to profit from real estate without owning anything. Someone might think that this could be a scam if they didn’t understand how a Residential Back Flip deal works.

Here how a Residential Back FlipTM works. Step one is to find a high end home that is underwater, Step two is you buy the loan from the lender, and then Step three is to restructure the loan amount and terms with the owner so that the existing property owner can still keep their home.

The cool thing about this is that by doing this you can help a property owner get to keep their home.

The downside to the Residential Back Flip is that it only works on high-end homes because the home needs to have a jumbo loan. These are bigger loans, usually about $417,000 or higher depending on the amount for your County.  To figure out what the jumbo loan limit is for your County you can just google “Your county, jumbo loan limit, or non-conforming loan limit, along with the current year”.

So if someone wanted to try to do a Residential Back Flip on a home that did not have a jumbo loan then they might get discouraged and claim that the Residential Back Flip is a scam. That’s why it’s important to make sure that you are only working on homes with jumbo loans.

The other reason that someone might think that the Residential Back Flip could be a scam is because they don’t understand why a lender would be willing to accept such a big discount just to get out from under a loan on an underwater property.

The first thing I can tell you is that not every lender is going to accept a discount. Of course they won’t. On the other hand, we are seeing lenders accept substantial discounts based on their own internal situation and evaluation of the risk. Sometimes lenders just need to get a bad loan off their books is another reason why they will sometimes (not always) accept a large discount which will allow you to put a Residential Back Flip together.

The final piece that helps to reveal that the Residential Back Flip is not a scam is that Jerry and I are willing to put up the money to fund these deals. The cool thing is that everyone wins because the owner cuts their loan down to size, the investors make a nice rate of return, and even the bank wins because they got a bad loan off their books.

This article is by Peter Conti – Investor, Author, and producer of the Flip Guys Podcast