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.

Wholesaling Real Estate

Wholesaling real estate

Wholesaling real estate

Wholesaling real estate term that involves the buying of a house at a cheap price and selling it to a investor at a profit. This term may also be called wholesaling Flipping and it is considered to be the foundation of any real estate investment. This is because when it is done right, there can be no capital required and no risks involved. Wholesaler puts properties under contract and resells or reassigns the same property to another investor. In wholesaling real estate, the wholesaler does not normally buy the property, but they place the property under contract with contingency with focus to quickly selling the property at a profit to the investors. In the event that you may not have sold the property before the closing period, the wholesaler can utilize the contingency clause and work himself out of the contract.

Wholesaling provides you with an opportunity to generate income using little credit or capital; it does not require a license because you have an equitable in the property. Transactions in wholesaling property can be carried out in credit lines, hard-money loans or cash; this will facilitate faster and efficient closing especially for those properties that require extensive repairs. Wholesaling real estate works best if the property or the home owner is distressed. Wholesaling real estate is a very lucrative offer because one can make a lot of money in a short span of time. Wholesale real estate just appears as a middle man who link the seller or the homeowner. According to the wholesaler, the cardinal Principe is that price can overcome all objections. The middleman can sale the property at a cheaper price as long as he can make few profits. The main work of the wholesaler is to find the deals and create a network of investors. Wholesaling is often carried out in a reverse manner where the buyer first gets the property and establishes its state and chooses the one that can suits the seller. He buys them at a market value and sell it at a price below the market value. This will guarantee him maximum returns.

During the wholesaling of a property, there is no money required because it involves selling the contract before the property. For an individual to begin the wholesaling of real estate, you need to look for cheap properties and get them into contract before they are sold quickly before the expiry of the due diligence period. The property is sold to an end investor who can either rehabilitate it or rent it out. There are various step that are involved in the wholesaling of real estate, these are:

Step 1: Finding wholesale properties

There are various ways of finding out dirty cheap properties. These properties may be: Foreclosures or bank owned properties, short sales, distressed sellers (Absentee owners, probates, tax liens and code violations) and auctions. The property should have sufficient equity and once you find it, fill the sales contract with yourself as the owner and the homeowner as the seller. A 10% deposit should be left with the homeowner during the time of contract signing in order to make it binding.

Step 2: Getting leads to call you

in real estate, it is advisable to have dedicated sellers who can call you than the buyer chasing or calling motivated sellers. This is because, when an individual (sellers) are asking you to buy their house, it is an indication that they really want to sell the house an you will be in a more powerful bargain position since they are asking for your help.. Initial calls only come when you set up bandit signs. When the investors begin calling, take down their personal information and place it on the data base.

Step 3: Looking for cash buying investors/Negotiate a deal

This is the most complicate part where you will be looking for investors for the wholesale deals. The simplest way of getting investors is to call landlords for the subject property. You should introduce yourself, tell them that you have property for sale in a specified location and tell them their return investment.

Step 4: Closing

When you are wholesaling real estate you need to have a title company or an attorney who can close the deal. Closing should be done using a title company that is investor friendly

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