Real Estate Blog
Adopting Real Estate as a Side Hustle
More than 13 percent of the Americans have a side gig going on for them. Especially millennial population is more into side businesses as they need to be more financially secure in the current times. We are here to inform you about the benefits of working in the real estate as a side hustle.
How to Avoid Horrible Tenants
When it comes to property management, one of the worst things to encounter is a bad tenant. We know, the term itself should be self-explanatory as to why a toxic tenant should be avoided, but it helps to point out the specific reasons why they’re potentially ruinous to your property’s ROI. Mainly because people think that there’s no need to avoid horrible tenants, since they can be accommodated if you just go out of your way to work around their faults.
What is Money Management?
Money management is a skill and those who acquire it over the time stand out of the crowd for a good part of their life. It is something that not everybody is aware and knowing how to manage your finances can help you achieve more. Since the financial system these days is fairly-complicated, it is important for you to know how to go about it. With bills, invoices, tax returns and many other financial matters to deal with, financial literacy play a crucial role. Right decisions are to be made from time to time and you need to be able to make them when time comes. I know from experience that starting out can be daunting. You must keep track of making major purchases and investments and at the same time keep everything in check.
Creating a Powerful Real Estate Website
Creating a website can be tricky, especially if you don’t know much about it at the first place. People know how to sell but at times when it comes to the internet they head out to seek help.
Working as a real estate professional, you need to be diverse at times. One second you’re visiting a house for a client and the other second you are at your computer to upload an exciting blog at your own real estate website. This can get overwhelming when it comes to juggling many jobs at a time and we are here to help.
How to generate business through LinkedIn?
LinkedIn proved to be a success in the corporate world. Reaching its first million users in a span of merely 2 years, it has now come of age. With more than 500 million members across 200 countries, LinkedIn has helped bring about change in the entire concept of professional networking. Almost every business has used this platform to increase their sales or to hire another employee. It has also given a chance to self-employed people to get their sales up and meet new people-all under a single umbrella. LinkedIn is now considered as the go to site for business professionals leaving no business out of its reach. This site has also had a very positive impact on the real estate world. All the real estate professionals are now generating income through this platform, as it helps the real estate agents in a variety of ways. From its demographics to helping you target your desired market LinkedIn has it all.
We have helped you answer the frequently asked question of how can one generate more business through this platform? Here are a few simple ways to get you on your way to generating business through LinkedIn.
Top Six Proven Real Estate Lead Generation Sources
In the real estate market, it’s important to maintain a healthy pipeline of leads. However, the state of real estate lead generation is constantly evolving and therefore you need to identify the best lead generation sources that are effective. The sources that brought leads last year might not be effective in today’s market. As a real estate investor, you need a well-planned marketing strategy for you to find motivated home sellers. Lead generation can be discouraging and require consistency especially when the generation strategy doesn’t appear to produce the desired results. To avoid the frustration, use these tried and tested ideas for generating leads for your real estate investment.
Persistence is Key for Real Estate Investors
Just like every successful salesman knows by now, the key to closing deals is being persistent and knowing when to give your potential customer that extra push. Real estate investors too should employ persistence as a tool that can benefit them in their career. Whether you’re a part-time investor or a full-blown real estate pro, the power of confidently convincing others can’t be ruled out.
Real estate investors could do well to close as many deals as they can. With each deal you get income, and signing on more deals means that you’re never at a loss for leads. You have your hands full, and your career is all the better for it. You follow up on leads, and you get to interact with all sorts of people.
Real Estate investing explained
Investments are tricky. They can make or break a person in any given time-interval. Similar is the thing with real estate investing. Through this medium of investment, one can gain many financial benefits. But let us look at the basics of real estate investing first:
Cost Segregation Meaning and its Benefits!
Cost segregation meaning can be easily learned that it is a criterion for identifying assets with their costs and ordering those assets according to federal tax purposes. Cost segregation enables to classify the commercial building costs as a personal property or land improvements, which were previously being rated as a 39-year depreciable life, in relation with a 5, 7, 15-year rate of depreciation with the help of accelerated method. The buildings used for residency including those for multi-family are based on a 27.5 years life. This engineering-based study prevails the building owners to depreciate the new or already present structure in a short interval of time under the accepted and existed tax laws.
Real Estate Trading—Flipping Explained— Part 4
Real Estate Trading—Flipping Explained
Real estate flipping is a hands-on approach to real estate investing. It is a practice that required vision and area knowledge. Moreover, if you have a team of craftsmen, then you need to try this out.
Most of the flipping is done in the residential space where investors purchase a property and then re-furnish some parts of the house. Once it’s done the house is made available on the market for sale.
Real estate trading offers a great opportunity to investors. It has been observed that the investors possessing the most knowledge about the field of real estate investing started out as real estate traders.