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Category Archive : Real Estate

Chiroflow Pillow: A Simple Way To Reduce Whiplash Pain

Neck pain and discomfort after a car accident or some other form of personal injury accident can cause a lot of discomfort and pain. One of the most common problems after an incident is trying to get into a comfortable sleeping position. Duress duties while you sleep is something that should be documented by the doctor’s treatment center so that the parties at fault know that the accident you were in now has caused you personal problems and discomfort in more ways than just the average level of pain. that you treat during the day.

On the other hand, a patient who has a more chronic condition and is having difficulty sleeping due to widespread neck or back pain will begin to calculate how long it has been since they have had their current mattress. This is usually much longer than the recommended term which can be anywhere from every 5 to 10 years depending on who you ask.

Mattress shopping isn’t high on anyone’s “fun things to do today” list. Whenever someone mentions to me that they are going to change their mattress to see if that helps with a physical complaint, I always recommend they spend a few bucks on this pillow first. It usually ends up saving them a lot of money because it quickly fixes the problem. Chiroflow Pillow has been an incredible resource for many patients over the past 15 years.

Chiroflow is a water-based pillow that you fill to your comfort level (soft, medium, or firm), seal the container, and let it work its magic. It has been shown to reduce neck pain, general body aches and also provide better sleep quality. It works because the fluid inside the pillow is contained in a bladder that supports the weight of your head and neck no matter what position you’re lying in. It’s really that simple. Being able to maintain a quality sleeping position throughout the sleep cycle, even if you toss and turn like I did, really helps with rest and reduces pain.

The benefits of sleeping comfortably do more than relieve neck pain. When the natural curvature of the neck is supported, it makes sleeping on the back more comfortable and this allows the body to use the part of the nervous system that handles the functions of the body when it is at rest. This is called the parasympathetic nervous system or otherwise known as “rest and digest.”

Patients have experienced many benefits from using this type of neck pillow and wake up feeling refreshed and with reduced levels of not only neck pain but lower back pain as well. If you are planning to buy a new mattress, trying a water pillow can be the first step and save you a lot of time and money.

Common questions about property tax in the Philippines

Do you own real estate in the Philippines? Whether you have a vacant lot waiting for a house to be built, a townhouse in the city of Manila that you are renting, or a commercial establishment in the province, you must pay your real estate property tax.

Q: What is real estate tax?

It is a tax levied on Philippine real estate. The applicable fee depends on the location. A city or municipality in Metro Manila may charge 1 percent, while cities and municipalities outside of Metro Manila may impose the tax at a rate not to exceed 2 percent. The owner of real property in the Philippines has the option to pay the tax in four equal installments on or before the last day of each calendar quarter.

Q: Payment of Real Estate Tax

Payment is made at the Municipal Mayor’s Office of the area where your property is located. If you have property in Ayala Alabang, check out the beautiful Muntinlupa Town Hall, where they have made it easy to pay your property tax, through a nice comfortable building, and signs/directions everywhere for you to win. don’t miss Add to that the friendly staff ready to help you.

Q: Is there any disccount?

Typically, cities give discounts to first payers. For example, if you plan to pay the full amount due for the following year, you can pay between November and December of the current year to get a discount. This is not valid for all cities, so check with your local council to make sure.

Q: Do I have to pay if I don’t have title and I’m already occupying the property?

Yes, you must pay real estate tax from the time you moved to the date or nearly a year. With or without title.

Q: If my property is in the name of my foreign husband, does he still have to pay property tax?

Yeah! Even if the property is in the name of your foreign spouse, real estate property tax still applies and must definitely be paid to the local government where the property is located.

Q: I just bought a piece of real estate at auction and found out the owner has 3 years of unpaid property taxes! I pay it?

Most auction properties are on an “as is” basis, which means you should have done your due diligence. He did some background research on the property before taking the plunge. In other words, yes, he will have to pay unless he has made a prior arrangement with the auctioneer before bidding on the property.

Q: Wow, I couldn’t pay my property tax last year, what could happen?

The taxpayer is subject to paying interest at a rate of 2 percent per month but not to exceed 36 months.

Here is a quick summary of how to pay real estate tax in the Philippines:

Visit your Real Estate Tax Section at the Treasury Office usually located in City Hall. Obtain a payment order (OP) from the appraisers office, go to the real estate tax section and submit the OP with the latest official receipt (OR) and a new tax return for the newly transferred properties. The collection officer then calculates the tax and informs you, the tax to be paid, how much you have to pay. After payment, an official receipt is issued and the payment is recorded on the property tax card. After which, you only pay at the register upon validation of the official receipt. Finalized!

How to save a lot of money when investing in houses that need fixing! 5 tips to learn how to make repairs

Let your knowledge of investment property repair grow like plants in a garden. Follow my advice and you will be prepared to respond to any problem.

This is how I learn new skills:

Stick to experts like Glue

Always be available to help when handymen or contractors are working on the house. Ask questions. Take mental notes on how things work. For example, every time a technician works on my air conditioner, I’m right there on the roof with them, watching them analyze problems, asking them what the different components and parts are called, and asking them how to identify others. types of air conditioning problems. Now I know what to look for and can do what he did, if the same problem comes up.

Take community college classes

Community colleges offer a smorgasbord of classes useful to the investor in need of repair. I’ve mostly taken electrical wiring classes, but I’ve also done some plumbing and carpentry. Classes are at night to accommodate the schedules of people who work. Don’t fall asleep in the back of class during boring lectures because classes are focused on hands-on learning.

start a library

Take to heart the old saying “A house without a library is like a body without a soul.” I have at least 100 books related to buying, selling, repairing, taxing, and managing real estate tenants, as well as several how-to videos. Whenever I’m at a book sale, I always walk the aisle with the real estate books and the aisle with the home repair books.

I have more home repair books than any other type of book. Before starting a new project, I consult a book to show how the pros demonstrate how to do it. During a project, when I get stuck, I refer to a book to find the answer to my problem.

Sometimes when I’m not working on a project, I like to flip through my repair books to get ideas for the future.

Ask for help at hardware stores

I’ve always had better luck getting answers to my questions at smaller hardware stores like ACE than the big box stores like Home Depot. When I was learning how to lay rugs, a salesperson gave me some great advice on how to secure the rug to the floor. The people who work there generally seem to have the hands-on experience to offer helpful advice.

Internet

This is an area that I often overlook, but it is potentially the most useful tool for finding repair information.

To find out how to fix fix problems, I just type what I want to do on Google. For example, “I want to change a washer on a kitchen faucet.” Usually there are several good links that offer solutions to my problem.

When you need help to repair your upper houses, don’t be frustrated, be ready!

The advantages and disadvantages of ceramic disc faucets

drip tap. It is inevitable, like death and taxes.

Sealing of traditional faucets by means of a rubber ring screwed onto

the end of a metal tube. Sooner or later the rubber is

going to harden, split or just wear out and not

longer stamp. So the water is filtered and the faucet starts

drip. If left alone, the problem worsens as the water

wears the valve seat. then you will have to

Reface the valve seat (Do you have a valve seat grinder?

Who would?) or replace the faucet. tedious in any case.

But, it doesn’t have to happen. Many faucets now use ceramic discs.

Operation method

Instead of creating a seal by forcing a rubber washer into

the end of the water supply pipe, they use two ceramic discs

each with matching grooves in them. These are kept on

end of the water supply pipe. The lower disk does not move.

while the upper disk is rotated on the lower disk by the

touch the head The water will only flow when the top and bottom

matchmaking slots.

Advantages

There are a number of benefits to this arrangement. hills

It is obvious that ceramic discs are much harder than rubber ones.

and much more resistant to erosion by water seepage. That’s why

they have a much longer life before needing replacement.

Also, because the water flows between the two discs,

the discs do not abrade the metal of the valve. Also because

the way the discs are arranged, the taps open fully with

just a quarter turn and the tap only needs a slight pressure

to operate. This slight action has the advantage that

are easy to operate with the back of your hand if your hands

They are dirty and for people with restricted movement.

where they are used

Ease of operation and long life mean that most good

Quality basin mixer taps have been manufactured using ceramic discs.

for a while, but sink faucets with ceramic discs are

surprisingly less common. The more a faucet is used, the more

The use of ceramic disc technology becomes attractive. This

is doubly true in hard water areas, which can be deadly in

traditional faucets.

Disadvantages

Everything has its drawbacks, and ceramics has its cons.

disc taps. They eventually wear out and are more

expensive than older style faucets and are not suitable for very

low water pressure. Unusually, many of the manufacturers

they seem to wear standard sizes so getting a replacement is

often simple. Because sink taps can be

delivered or not, one cannot always be sure how

turn on every touch, this can be annoying! Finally, unlike

traditional style faucets, which require several turns to be

to the maximum, you can easily open the flow of water much more than

meant. The unexpectedly vigorous flow of water and splashing

can make water flow everywhere, even on your

clothes. Not good!

Lessons from the 2017 Hurricane Season: Do You Have Flood Insurance?

It took less than a month for the 2017 Atlantic hurricane season to become one of the worst in recorded history.

Hurricane Harvey made landfall in southeast Texas on August 25 as a Category 4 storm with 130 mph winds. The storm surge increased water and tides more than 12 feet above ground level in some locations. Harvey broke rainfall records as it meandered for days, with some areas receiving more than 40 inches of rain in less than 48 hours.

Hurricane Irma struck Florida on September 10 as a Category 4 storm. According to researchers, Irma is one of the most powerful storms to hit the Atlantic basin in more than a decade. Irma had sustained winds of 185 mph for 37 hours, which is the longest cyclone in the world to have sustained that level of intensity.

On September 20, Hurricane Maria made landfall in Puerto Rico as a Category 4 storm with 150 mph winds. The entire island suffered catastrophic damage. In some places the damage was absolute.

As an independent insurance agent living and working in South Florida for over 30 years, preparing for and recovering from storms is nothing new. But, this year was different. As Hurricane Irma made its way toward the southeast coast of the United States, we received an unprecedented number of calls about flood insurance. Because?

Everyone saw the catastrophic flooding in Texas caused by Hurricane Harvey just weeks before. The damage was devastating. So was the news that nearly 80% of homeowners in the counties most directly affected by the flooding did not have flood insurance.

According to the Federal Emergency Management Agency (FEMA), floods are the most common and costly natural disaster. FEMA’s flood hazard mapping program is used to identify flood hazards, assess flood risk, and determine flood insurance requirements.

Unfortunately, too many homeowners and businesses refuse to purchase flood insurance simply because they are not in a high-risk flood area. Hurricane Harvey taught us that when it comes to flooding, Mother Nature doesn’t pay attention to FEMA’s flood zone maps. You shouldn’t either.

Floodplains are always remapped, but it is a long process that can take years. Updated maps quickly become outdated. Also, the process of identifying properties susceptible to flooding is not a perfect science. For example, flood zone determinations do not adequately consider:

  • localized drainage problems;

  • long-term erosion;

  • ongoing development;

  • topographic variations on individual properties; gold

  • failure of flood control systems.

That’s why everyone should seriously consider flood insurance, regardless of whether they’re in a high-risk flood area. Premiums are relatively affordable, especially when you take into account the risks assumed by a flood insurance policy, such as:

  • overflow of inland or tidal waters;

  • land collapse along a body of water by waves or currents; and

  • rapid accumulation of surface water from any source, including blocked storm drains and broken water mains below the ground surface.

Uninsured flood damage can devastate any home or business. In the course of just a few weeks, we have seen the landfall of not one, not two, but three hurricanes that are among the most powerful storms in recorded history. This is why those who rely on flood zone maps to justify their decision not to purchase flood insurance should seriously reconsider.

Fitness Equipment Services: NordicTrack AudioStrider 800 Elliptical Trainer Review

If you’re a fitness enthusiast, you’re no stranger to elliptical machines. However, even the most dedicated athletes can get bored with their daily exercise routines. Let us introduce you to the AudioStrider 800 Elliptical designed by fitness equipment giant, NordicTrack. The AudioStrider 800 features a music port that has a console with built-in speakers so you can enjoy listening while you work to be in top condition. Let’s talk about the outstanding features that, with the dedication of a trusted fitness equipment service company, can help you achieve your ultimate fitness goal.

Average score: 4.5 out of 5 stars

Key features:

8 built-in workouts/6 personal trainer workouts/2 heart rate workouts

· iFit GetFit level 1 card that includes 24 additional workouts. iFit training card technology for a full-body workout designed by certified personal trainers

Handlebar Ekg Heart Rate Monitor with Built-in Sensors

Oversized pedals for secure and comfortable foot positioning

10 intensity levels with SMR (Silent Magnetic Resistance)

Price:Around £650 (online price)

Product description:

NordicTrack AudioStrider 800 is an advanced elliptical that will enhance your entire body. Its 2 heart rate workouts will help you stay in your precise training zone by automatically increasing the resistance level each time you need to increase your heart rate and lowering it when you need to decrease your heart rate. This elliptical features a 30-degree manual incline ramp and 8 built-in workouts plus 6 personal trainer workouts. It has oversized pedals for comfortable foot placement and a music port with built-in speakers for your entertainment.

Product specifications:

18″ stride length

300 lbs. User Capacity

Unfolded Dimensions – 26″ Width x 77″ Length x 65″ Height

Folded Dimensions -26″ Width x 48″ Length x 65″ Height

Product characteristics:

The AudioStrider 800 provides an 18″ stride length to give you a greater range of motion for a low-impact workout. The Ekg heart rate monitor gives you an accurate pulse reading, and sensors are integrated into the handlebars for a reading of your heart rate.The StrideMax manual incline ramp has 3 settings at 30% incline.It has an iFit workout card with speakers so you can listen to music and also hear a personal trainer’s voice instruct you through the movements.This exerciser features a crisp white backlit Grafixx console on which you can view calories burned, speed, distance and time.

Warranty: Frame – Lifetime / Parts & Internal Service – 1 Year

Conclusion:

It’s much easier to achieve your desired fitness goal when you have the voice of a personal trainer guiding you through your exercise routines and music to eliminate boredom. You can also be more comfortable knowing that you have employed the routine services of a loyal and caring fitness equipment service company. Keep going as you work your way to total-body health and fitness with the NordicTrack AudioStrider 800 Elliptical.

Real Estate Appraisals – Prepare to Know the Value of Your Home

The collapse of the economy began with a wind of reality blowing against the house of cards of subprime mortgages. We all live with the results of overly aggressive lending practices and overactive government intervention. With all these friends, who needs enemies?

As the market realigns, property valuations have plummeted. Some of you may even be “upside down” on your mortgages. You have bought? Do you sell? Did you survive the tsunami? This series will look at all of the top questions we typically encounter when determining a property’s value. What are the drivers? What are inhibitors? What you need to know to get the best value.

What is Property Appraisal/Real Estate Appraisal?

The purpose of property valuation is to provide a current market value for a property in comparison to others in its immediate vicinity. So, an assessment is specific to time, location, and geography. It is a comparative value, not absolute. Second, real estate appraisals fall into two broad categories: residential and commercial. For the purposes of this document, we will analyze strictly residential appraisals. Residential real estate appraisers are licensed by their respective states and have different levels of license depending on the loan value of the property. They must take classes and pass certification tests to obtain and maintain their licensing status. They are also usually delimited by county due to the way Multiple Listing Services (MLS) maintain and sell their records. So a good appraiser really knows his geography and what to look for.

Why does it cost so much?

Real estate appraisers are traditionally independent contractors/businessmen: no appraisals = no money. So while you pay a relatively standard one-time fee (say, $400), they need to make sure they get as many appraisals as they can to make any profit. How is that? After all, they have your $400. An appraiser has to cover all out of pocket expenses just like any business person (education, health insurance, MLS fees, liability fees, business insurance, state fees, the list goes on). Also, a good appraiser might spend 3-6 hours getting ready (looking for comparables, etc.), have a 45 minute or more drive time to the site, 2 hours driving comparables and taking pictures, and then another 1-3 hours writing. . the report and then if the bank wants more information or rejects something, they have to invest the time to answer questions, etc.

Also, if they get your application from another adjuster or from one of these new government-created intermediaries called AMCs, they may have to split the fee. All of these are just the costs of doing business. So when someone stops for 30 to 60 minutes with a tape measure, know that it’s the tip of the iceberg and you’re getting a good deal.

Do I own the appraisal?

The person/company holding the appraisal is the person who commissioned it. So if you are shopping for a home loan, your loan company “owns” the appraisal, not you because you are the broker. Even if you pay the adjuster, it makes no difference: you did not set up the transaction. Why is this important? The appraiser cannot legally give you a copy of “his” appraisal, it is not yours. If you request an appraisal for loan purposes, the bank may not accept it because you didn’t request it or because you don’t know the appraiser. Catch 22 – Yeah, but the appraiser didn’t, so don’t shoot the courier. There are different types of appraisals (home, land, cost-based, real estate, chronological, etc.) and they are not interchangeable. If you are requesting an appraisal in person, make sure you know what it can be used for.

Why do I need a new Appraisal?

The market is so volatile that you may need a new appraisal every 6-8 weeks for some lenders. In the last eight months, home values ​​have fallen by as much as 40% in some areas. This means that a $1 million house could cost $600k now. This has made lenders very concerned and they require more documentation and proof of value than before. Of course, it was also the companies that caused the problem: Catch 22 for us. Refinancing has become more challenging as appraisal values ​​have done so quickly that people who can manage the monthly payments are penalized because the “value” puts them under water. For sellers it’s even more emotionally challenging as they believe their homes have a higher market value than they do and get upset, real estate agents get upset because the deal doesn’t close and the bank says the appraised value is what it is. is. The appraiser is attacked by the state of the market rather than the banks that created the issue.

How to determine the value?

Value is determined by recent sales of similar homes within a given geographic radius. This means sales, not pending sales; People can ask what they want, but banks want to know what other similar houses sold for; don’t let your real estate agent fool you. While the process claims to be accurate, “similar” is a very vague term. Are we talking square footage, age, updates, tile vs. marble, pool or garden, the variables may seem limitless. This is why online value services are worthless and if you pay for them you are wasting your money. Only a live on-site inspection can properly see and assess value. Lenders understand this. The geographic area is also becoming more flexible. Neighborhoods can change character so quickly that the normal radius for a comparable neighborhood is 3 miles. However, because sales have been so slow, comparables are fewer and fewer. Because lenders require 3 -5 or more appraisals per property, sometimes more; appraisers look for comparables outside the 3 mile radius. Bottom line: If you’re looking to sell in the next 12-18 months, don’t do any major upgrades because you probably won’t get your money back. Do whatever you need to please yourself and that’s it.

Who is in first place in this process?

People who refinance a lot or were thinking of refinancing in the last 6 months often ask this. Remember in the entire real estate process – the bank has the power – no one else. The recent complaints from others and finger pointing at appraised property values ​​is really a distraction as the banks with their loan programs and compensation systems drive everything. Because the banks lent money so freely and caused the crash, they have deviated from 1800 and are now hoarding cash. To justify this approach, they are squeezing loan officers and appraisers for more and more documentation of value. This is especially ironic for refis: people who are already good customers but just want to take advantage of some good rates. Keep in mind that banks don’t have customers they are interested in for repeat business – you are a commodity. This lobbying game in the name of “making sure it doesn’t happen again” adds costs to the appraiser and loan officer that cannot be passed on to the borrower. If you’re a banker, it’s not a big deal, you’ll get a federal bailout or in the government where it’s basically “who cares, it’s not my money.” These things are not important because you don’t really care about impact. BUT if you work for a living in $400 increments with no guarantees of where your next job will come from, it means a lot. The other guy in the process, who used to be a silent partner, is the government. They have enacted new legislation to “clean up” the valuation process when it was never broken to begin with. This has backfired on increased regulation that drives up borrowing costs in the process, some of which has been passed on to the borrower. It has also stifled the creation of loans, so while they still have money, they cannot borrow due to government pressures. Psychology is beyond the normal mind to comprehend. Everyone who is supposed to help likes to put more rocks in our packs as we go up the hill and tell us it’s for our own good.

It also produces lower quality evaluations and ratings. For example, Fannie Mae requires that all appraisals they obtain be from “certified” appraisers. Because the government requires banks to do the same. Now the difference between a regular appraiser and a certified appraiser is a couple of classes and taking a test. So let’s say you’ve been an appraiser for 20 years, do thousands of honest appraisals, have an MBA and have a great reputation, guess what, thanks to the government you’re out of business until you spend hundreds or thousands more and take a test. But it’s the same job you did before. So now you get an assessment done by someone with little practical experience who happened to take a test but gets the job. That’s the answer to some of the basic questions you want to know in this market. If you’re in the middle of this process and you’re frustrated, take it to the polls, but don’t throw your appraiser out, he’s just the messenger.

Ford set to lead small SUV market growth

Ford, which catered to the SUV boom of the 1990s, has revealed its plans to invest more in small and mid-size SUVs that will launch numerous models around the world. The small SUV segment, which has seen tremendous growth compared to any other segment of Ford vehicles, wants to get bigger and with newer and much more advanced vehicles.

Ford has affirmed its plans to launch its Ecosport subcompact SUV in more than 60 countries around the world from just 10 in the current picture. The Escape, renamed the Kuga outside of North America, will launch in Chinese markets this year. Jim Farley, executive vice president of global sales and marketing, said the large investment was a big gamble to incorporate Ford’s plan to spread small SUVs, and he’s confident it will pay off. Small SUVs have helped Ford multiply its market share; especially the traditionally tougher markets of coastal areas like California and catalyzed expansion into developing markets. CEO Alan Murray has pushed beasts like the Explorer SUV on a diet to invite more customers looking for off-road performance, cargo space and fuel economy. With the growth of wealth in the Indian and Chinese markets, One Ford Plan has prospered very well and is expected to continue for years to come.

People all over the world have fallen in love with these small utility vehicles. The body styling looks intriguing, while the fact that people can sit above the traffic and pack luggage comfortably is appealing; while the main factor is the fuel economy of the vehicles. Worldwide SUV deliveries have peaked by 35 percent since 2005, representing 13 million units sold per year, and will continue to outpace other supply segments for 2017, lifting its share of vehicles sold to 20 percent. Growth is largely driven by rising paperbacks in India and China and rising gasoline prices in North America.

To capture much of the market share, Ford must strive to drive growth outside of North America. Ford’s North American and European units have made huge gains in the SUV and small utility market despite heavy losses in the sedan and hatchback segments. The orders go well beyond the production of small public services, says Mr Farley and that nothing has been more prolific than the boom of small SUVs. Western trends have now apparently been carried over to developing countries as customers are fascinated with the concept of sedan-like drivability and fuel efficiency. China proves to be the biggest opportunity as it hosts demands for small, midsize and full-size SUVs, with market demand expected to double in the next five years.

It is believed that the global need is rapidly converging towards the segment of the most attractive vehicles with enormous power and good fuel economy following the increase in world gasoline prices. As the consumer progresses in income and stature, he or she is moving toward small utilities over small cars in favor of a large space along with generous features, great fuel economy, and safety for the whole family.

Water meters at the point of use

Point of Use (POU) meters are designed to provide a submetering solution for those properties that cannot be submetered with conventional submeters due to plumbing designs that bring multiple pipes into the apartment or office (stacked pipes). The meters were specifically designed for stacked standpipe configurations typically found on properties that use a central boiler to provide hot water.

In a typical installation, very small flow meters are installed discreetly at each hot and cold water outlet to the shower/tub, toilet, sink, dishwasher, and clothes washer. Depending on the manufacturer, flowmeters either have a built-in transmitter or are connected to a transmitter/interface board. The transmitters report the usage information to a central processing computer which, in turn, sends the usage information to a billing center where invoices can be printed and sent to the end user.

Equipment and installation costs are typically higher than traditional systems, but payback is typically less than a year. When deciding on a POU meter, a primary consideration should be that the meters can be read by any Automated Reading (AMR) System. This allows the property owner to choose from many billing companies and does not lock them into equipment that only a few companies can read.

Numerous studies have shown that submetering reduces usage by up to 39%. Although POU meters have been available for over ten years, they have not been widely used until recently. With today’s interest in green solutions and rising water and sewer costs, properties that in the past could not traditionally be metered are now installing POU meters and benefiting from the same type of usage reductions that properties with conventional plumbing have. accomplished for years. With approximately 50% of apartments and 90% of office buildings using stacked risers, the benefits of submetering with POU meters have hardly been touched.

Property Management Tips That Will Positively Help Real Estate Investors

Once you buy investment real estate, you virtually become the CEO and managing partner of your own small real estate investment business.

Of course, you feel good about becoming the owner and owner of a real estate investment company. But unless it’s virgin land, your job has just begun. Now you need to manage the property. You are a real estate investor who has chosen space rental as a business, so your goal now is to keep your units full and at the highest rent per square foot possible. In other words, now is the time for you to focus on property management and day-to-day property management activities.

In this article, we want to look at the big picture of property management and look at some rental management basics that anyone involved with real estate investing should understand and strive to achieve.

1) State of ownership – Getting the best tenants and demanding the highest rent is the main goal of property management. Start with a sharp looking building that has good curb appeal; You must maintain the structure, landscaping, common areas, and parking lot in a clean condition. Homeowners must present a clean and sanitary product to potential new tenants, so be prepared to buy mops and brooms regularly because savvy real estate investors go to great lengths to maintain and improve property.

2) Applications and selection of tenants – Require each potential tenant to fill out an application and then follow up to verify their employment, rental history, and credit and criminal history. Remember, it’s always easier to get tenants into your building than it is to get them out. It is recommended that you avoid department store rental applications and obtain the forms from the local apartment owners association. If you haven’t already, search online for the nearest apartment homeowners association and contact them. They are one of the best organizations real estate investors can join.

3) Emergency repairs – Always have certified maintenance personnel available to perform emergency repairs. This can be your job or someone you hire, but your tenants should have access to a repair “help line” that they can call 24 hours a day when something needs to be fixed right away. Remember, your tenants are your best customers and you are in a unique business that requires your customer to pay you money to use your product. And if you want to generate cash flow to maintain the property and put money in your pocket, you need your tenants. Keep your tenants happy by listening and responding.

4) Aggressive Job Marketing – Spread the word about an upcoming job opening instantly. Use signs, advertise in the newspaper, post fliers, offer a modest referral fee to existing tenants, or post it on the web. Pretty signs and banners out front are an easy way to find potential tenants to rent your vacant units. Just avoid signs that look cheap and poorly written. Take a few extra minutes to show that you take pride in your building and care about how it appeals to others.

5) Coordination of entry/exit – Always plan to have a unit “ready to rent” within a day or two after you move out because when you have tenants ready to move in, they usually want to move in as soon as possible. Even when you don’t have a new tenant on the wings, it’s much easier to rent a unit that’s clean and move-in ready. Things such as dirty carpets, scratched walls, cracked screens, broken switch plates or towel rails, etc., need to be addressed, corrected, and repaired. You may not want to show the drive until it is ready. In the meantime, you may want to show a potential tenant the manager’s unit.

6) Keys and locks – It is always a good idea to change the locks every time you have a turnover of tenants. This added security is good for you and your new tenant. Once the existing tenant vacates the unit, simply call a local locksmith and have the locks changed. The cost is minimal and the benefit optimal.

7) Learn the laws about eviction – Know what to do to evict a defaulting tenant even when you don’t think it’s necessary, because if you find yourself in court with your tenant, you need to be prepared. Unfortunately, many states have passed laws that are not in the owner’s favor. Low-income tenants, for example, have generated tremendous sympathy that requires landlords to be more meticulous in their defense against complaints that end up in court.

8) Keep accurate books and records – Maintaining a good track record of income and expenses is vital to your rental property business and the cornerstone of a profitable real estate investment.

Well, here is an alternative to self-managing your real estate investment.

Many real estate investors simply turn their properties over to professional management companies. The advantage is that it frees the real estate investor from the time and stress of having to deal with tenants and repairs, and puts issues like rent arrears in the hands of experts. A professional management company is not free, and in cases where the property is small enough to be managed by the owner, the cost of outside fees for professional property management may not be justifiable. But hiring a professional property management company is a reasonable option for investors who are hesitant or unable to manage the property themselves.

Should you consider property management during your property analysis?

Yes. If you are buying a property with rental income, during your cash flow analysis (either in a spreadsheet or with real estate investing software) be sure to include 5 to 10 percent of operating income gross to cover potential property management fees, even if you plan to self-manage the property. Here is your success.