Real Estate Made Easy

relevant Of Using A Real Estate Management Company

2010-11-27T01:07:00.000-08:00

Hello,

In our last edition, we start our real estate discussion with ‘property management’. We choose this because we know majority of our readers are: real estate investors, property manager and would be real estate investors. This topic is basically the best place to start from. Before you give us or any other real estate broker your property to manage; we seem it fit and necessary to advice you on the HOW, WHEN, WHAT AND WHERE to do it right. For this purpose I will be sharing the topic:

Relevance of Using a Property Management Company

Use a reputable property management company. Read and understand obligations under any contract before signing. Many companies use a standard form drawn up by their own attorney. If a particular provision is not satisfactory, make certain that it is changed to something both parties are in agreement with and can sign off on.

Each property management company works somewhat differently. If there is still a mortgage on the real estate in question, be it a single home, or multi-family dwellings, make sure that mortgage payments are made in a timely manner so that credit cannot be damaged. With larger investments, such as apartment complexes, it is often best to hire an on-site management team, this is most advantage.

Does your property bring you Profits or Problems?

Utilizing our service brings the following:

Relevance Bimol Property Management Services

Professional screening of tenants.

Professional relationship with tenants.

Reduction in tenant turnover and increased occupancy rates through strict screening and constant supervision.

Efficient rent collections

Comprehensive expertise and knowledge of local laws and market conditions.

Advertising on the Internet.

Detailed records and accounting reports.(optional)

Paying owner's property taxes, insurance or other payments as instructed. (optional)

Handling requests for repairs and maintenance.

Arranging and making payment for required repairs or maintenance work.

Paying to owner or depositing to owner's account amounts received in excess of required disbursements.

Providing owner with fully itemized and computerized monthly reports and year-end accounting statements.

Periodic inspections of the property during lease in order to ensure proper maintenance.

Arranging tenant notices and evictions when necessary.

A final inspection and closing statement

If all these are what you will get; wouldn’t you partner with us?

Till we meet again…………

Go do right by yourself

Invest wisely.

Abiola Olowolagba

234-8062439904 bimolproperites@yahoo.com

www.realtyavenue.blogspot.com OR www.workathomemanuals.com/blog

Tips on how to sell your property

2010-08-17T13:48:00.000-07:00

Short Let Accomodation For Let at Mondinion.com

Tips on how to sell your property

Introduction

Hi
I am Ahbee, C.e.o, Bimol Properties Ltd. His page is all about properties, yes it is.
I will be giving you insights and tips on real estate and property as a whole –investment, selling, letting, buying, all of it.

Let start with tips on how to sell.
So….you’d like to sell your house? Great! Everyone’s doing
It. But this is your first time and you’ll be doing the sale
Yourself. Nervous? Of course!
The fact is, it’s only unnerving because you haven’t got a
Clue about the dynamics of selling a house – your house.
It’s the one asset you have where you’ve plunked down your
Lifetime savings. Now you want it all back!
That equity you were slowly building over these years will
Come back to you a hundredfold because you’ve thought
About it long enough to realize that there is a handsome
Profit waiting to be made.
Don’t worry! This episode in your life doesn’t need to be a
Drama of horrors. In this book, we’ve collected important
Tips for you – the first timer - all 101 of them, in fact.
And when that check finally lands on your hands and the last
Box has been shipped out of your house to make way for the
New owners, it will be exhilarating – more exhilarating than you’ve ever imagined
Study the tips. Some you already know, no doubt. But
Even with 101 or 1001 tips, you’d still need professional
Advice – you managed to eliminate the real estate agent,
But you’ll still need your lawyer (or notary) and your
Accountant.
You need to consult with other professionals as well – like
The professional house inspector who can dish out valuable
Advice about repairs and maintenance.
These tips can help you map out a selling strategy for your
House, and when you turn the lock for the last time, you’ll
Come out of the experience wiser. And yes, wealthier, too.
The confidence you gain by getting your feet wet the first
Time could – who knows? – Make you want to do it the
Second time, and then a third time…and more!
Category 1: Knowledge is Power

Tip 1: Before anything else, grab a powerhouse of knowledge.
If you’ve decided to dispense with a real estate agent to
Avoid paying those ridiculous commissions, then start
Thinking like one.
How? Three to six months before your target sale, bone up
On home selling strategies. If you have friends or colleagues
Who’ve worked in real estate, talk to them, but don’t tell
Them you’re thinking of your selling your house so they
Won’t try to convince you to do otherwise.
Ask them about mistakes they’ve made or mistakes that
Their relatives and friends have made. Survey the entire landscape. Personal experiences are always an excellent
Source of knowledge and strategies.

Tip 2: Be a listener, and be a GOOD one
Hold casual conversations with at least 3 real estate agents
Who work in the area where your house is located? Be
Attentive to what they say about location. It’s helpful to
Know how much your civic address is worth.
While location is the predominant argument in real estate,
This rule may not always apply. Perhaps location is the least
Of your potential buyer’s worries. Don’t overlook the fact
That buyers have typical and unusual reasons for buying a
House. Many have jumped into the arena of investment
Property.
While most people buy houses so they can live in it, there
Are those who like to play the market and want to make a
Killing. Sell your house with an open mind. Don’t let the
Factor of location discourage you, or encourage you too
Much.

Tip 3: Basic rule: don’t get locked out of the market because
You’ve overpriced your house!
Continue building up on that knowledge base: make it a
Daily habit of reading real estate ads every day. Get the
Average selling price of a house identical to yours.
If you have the luxury of time, you may even want to drive
Around these houses for sale and judge for yourself whether
Or not the price they’re asking is justified.
Some homeowners have illusions as to what their houses
Cost. Is the price they ask reasonable, or way out of?
Proportion to the looks and location of the property?

Tip 4: What are the ads saying?
Get a feel of how real estate ads are worded.
• What are the key words and phrases?
• What ads caught your attention?
• Why?
• Does the ad sound credible?
• Does the ad provide adequate information to provoke?
Interest or does it leaves the reader indifferent?
Use these ads as a model for your own. Tip 5: Play detective
Do a bit of detective work: try to keep track of real estate
Ads that appear only a couple of days (house could have
Been sold in just a matter of days) and ads that seem to be
In the paper forever (why can’t the advertiser sell? What’s
Preventing him from selling?) This is where wording might
Clue you into the reasons.

Tip 5: Play detective
Do a bit of detective work: try to keep track of real estate
Ads that appear only a couple of days (house could have
Been sold in just a matter of days) and ads that seem to be
In the paper forever (why can’t the advertiser sell? What’s
Preventing him from selling?) This is where wording might
Clue you into the reasons.

Until you hear from me again……………..
Go Improve yourself
Go touch a life
234-8062439904

bimolproperties@yahoo.com

for free download visit

www.e-bizincome.blogspot.com OR www.saphemerald.wordpress.com

Relevance of Using a Property Management Company

2010-07-28T02:55:00.000-07:00

Short Let Accomodation For Let at Mondinion.com

Carlot Space For Let at Mondinion.com Commercial property for lease! at Mondinion.com

Hello,

Relevance of Using a Property Management Company

When a real estate investor or property owner does not want to deal with the headaches involved with leasing, tenants, or maintenance, they often hire a company or an individual to act as a property manager. Hiring such an entity involves a written contract specifying the duties and obligations of both the owner of the real property involved as well as the company or person responsible for managing it.

Companies performing those services charge a fee, typically a percentage of the monthly rent for that dwelling. In return for the agreed upon amount, they handle leasing, negotiating with prospective tenants, collecting rents, repairs, maintenance, make ready when a unit is vacated, and any other aspect involved in the day to day operations, as well as responsibility for all aspects of a tenancy going smoothly.

The most common users of a property management company are out-of-town owners of real estate. It is extremely difficult to successfully handle all aspects of management when someone is not in the same town, or at least in the near vicinity of the property in question. Logistically, it is usually not a feasible option and using a property management is highly advisable... For investors or owners who are in the same general location of the real estate that they own, it simply depends on how involved they want to be, if they have the time and resources to handle all aspects involved, and if they feel like hiring an individual or company for that purpose is an expenditure they are willing to make and this they won’t regret doing

When employing a property manager, a separate bank account must be set up to handle all relevant expenses. This is ideal; but it needs a discerning minds and trust. To do this; rents and security deposits will be deposited into that account and maintenance, repairs, and leasing costs deducted from that account. Real estate agents are prohibited from combining the money of clients with their own money. Most company management accounts will be separate. How a written contract with them is structured is the determining factor in how money in an account is spent.

Use a reputable property management company. Read and understand obligations under any contract before signing. Many companies use a standard form drawn up by their own attorney. If a particular provision is not satisfactory, make certain that it is changed to something both parties are in agreement with and can sign off on.

Each property management company works somewhat differently. If there is still a mortgage on the real estate in question, be it a single home, or multi-family dwellings, make sure that mortgage payments are made in a timely manner so that credit cannot be damaged. With larger investments, such as apartment complexes, it is often best to hire an on-site management team, this is most advantage.

Does your property bring you Profits or Problems?

Utilizing our service brings the following:

Relevance Bimol Property Management Services

Professional screening of tenants.
Professional relationship with tenants.
Reduction in tenant turnover and increased occupancy rates through strict screening and constant supervision.
Efficient rent collections
Comprehensive expertise and knowledge of local laws and market conditions.
Advertising on the Internet.
Detailed records and accounting reports.(optional)
Paying owner's property taxes, insurance or other payments as instructed. (optional)
Handling requests for repairs and maintenance.
Arranging and making payment for required repairs or maintenance work.
Paying to owner or depositing to owner's account amounts received in excess of required disbursements.
Providing owner with fully itemized and computerized monthly reports and year-end accounting statements.
Periodic inspections of the property during lease in order to ensure proper maintenance.
Arranging tenant notices and evictions when necessary.
A final inspection and closing statement

If all these are what you will get; wouldn’t you partner with us?

Till we meet again…………

Go do right by yourself

Invest wisely.

Abiola Olowolagba

234-8062439904

Olowo.abiola@gmail.com OR bimolproperties@yahoo.com

For free e-book download visit www.e-bizincome.blogspot.com OR www.workathomemanuals.com

INVESTING IN REAL ESTATE SECTOR OF NIGERIA

2008-12-10T07:12:00.000-08:00

The country who is so blessed with natural resources that the world is taping from, the Country who is yet to be tapped in other sector.

Are you an Investor who want to invest in real estate? then the place to come is Nigeria; the city to land is Lagos and the place to start from is on the Island, then we move southward to the mainland. some people have tapped this resources and wont tell you about why because they dont want to share the treasure, they are still tapping!!!

check out various residnetial etstae from oil company like mobil and chevron, the mega shopping plaza from South African giant like Shopprite, Games, Llebannese giant like Megaplaza etc. these are tapping theirs what are you waiting for

for more info or interest mail us at info@bimolpropertiesnigeria.com

Acquire Cash For Notes Blog: The Top 30 Cities to Watch

2008-12-10T06:55:00.000-08:00

Acquire Cash For Notes Blog: The Top 30 Cities to Watch