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Today’s technological advancements allow people to pay their bills, make plans, and schedule appointments from almost anywhere, using the World Wide Web. In the same way, tenants can learn to use the latest technology to pay rent in a timely manner and manage funds as well. Today, it has become the standard for sending and receiving payments from anywhere. It would also be wise for landlords to use online rent payment services. It will benefit both your businesses and your tenants. Here are five of the top reasons every landlord might want to consider implementing a system that allows them to collect rent online:

Improve the relationship with tenants

No need to waste precious time on paper checks anymore – check collection and processing is time consuming that could otherwise be wasted. Now you can use your free time to work on marketing your service and improving your relationship with your tenants. Have you ever heard someone complain that customer services were too good?

Reduce management costs

Each property management process has a cost. Collecting rent online will help you reduce these costs, and this is something all business owners are aiming for.

No more late payments

In today’s world there are many online payment options, so tenants can decide which one is their favorite. It doesn’t matter if it’s PayPal, credit card, or electronic check, the possibility of late payments is really low. Additionally, you can configure the system so that all tenants are notified by reminders that the due date is approaching.

You can easily resolve any payment dispute

When tenants say they have paid online, it is easy for the landlord to access their chosen app to confirm or disprove their claim. When property management software is fully embedded in their system, homeowners can quickly and easily perform all kinds of operations, such as assessing late fees, updating the owner’s system, or keeping track of split payments.

More security

Most of the time, online rental payments eliminate the risks associated with cash payments. Also, the insurance company may reduce coverage each time cash is not withheld on site.

In recent years, many owners have become familiar with the use of online transactions. For those who have not tried them yet, it’s time to make the switch to save time, minimize costs, and improve cash flow.

Many of us consider whether purchasing a multi-family rental property is a good fit, in terms of being, a component of one’s investment strategy and process. Like anything else, a smart consumer investigates and becomes familiar with the possibilities, the pros and cons, and if it is for them. It is important to understand and evaluate the best buying opportunities, whether to sell or rent is the best strategy. Should you buy a new property or an existing one? With that in mind, this article will attempt to briefly consider, examine, and review when, and if, someone should buy, and if it’s the best time to sell and / or rent, it might be the best strategy. and approach.

1. Before buying: There are many considerations before purchasing a multi-family rental property. Are you going to live in one of the units or are you going to rent the entire property? If you live there, your mortgage interest rate will be lower, because it will be considered an owner-occupied property, but you will also receive less rental income. Those who do often see this as a way to use rental income to significantly lower their own housing costs. If you’re looking at it as an investment, then your mortgage interest rate will be a little higher, your down payment a little higher, and you may need to justify the feasibility of the purchase based on rents. I suggest that a formula is receiving a 6% return and positive cash flow. This means that if the property costs $ 500,000, you should have a net income of $ 30,000 per year, after deducting property taxes and utilities paid by the owner and basic maintenance. So, if your taxes were $ 10,000 and anticipated utilities and basic maintenance were an additional $ 5,000, then you must collect at least $ 45,000 per year in rent. Do this calculation, based on 10-month rentals, in order to prepare for potential vacancies, etc. Also, calculate the rents and compare them to your expenses and proceed, only if this is positive cash flow and 6% return is achieved.

2. Sale: Own the best idea for you? Are you prepared for unforeseen expenses and will you commit to setting aside a reserve fund for maintenance, repairs and renovations? Is the real estate market right now to get the best results from a sale? Consider the competition, the local market, mortgage interest rates, and how much you think you need from any transaction.

3. Rental: Make sure you go through a quality, legal and enforceable screening process and look for the best tenants. There is no guarantee, but the right price, to ensure that you are not the most expensive, often creates the best opportunities. You must also have the skills to do many repairs, etc., or have qualified service technicians, to prepare for the possibilities and obstacles.

Like any investment, you must proceed, in the most prepared way, to make the best possible decisions. It may or may not be for you, so proceed with your eyes wide open.

Choosing darker wood or painted cabinets is common for many homeowners these days. If your kitchen cabinets are still in good condition but look dated, a fresh coat of paint could give your wooden kitchen cabinet a much-needed facelift without draining your bank account. But depending on the environment of your kitchen and the general decoration of the home, the preference for painting wooden cabinets varies from person to person. Here are some points to consider when making the decision.

Cabinet Style -Wood can be beautiful, but you need to take a close look at the style of your cabinets and whether they complement or fit into the overall kitchen design, as well as the appearance of your home. Painting cabinets can create a more cohesive and unified theme throughout your home, and this would be especially beneficial to you and advantageous in the long run, especially if you plan to sell your property in the future.

Budget – If you decide to paint the cabinets, will you do the project yourself or will you hire a professional painter? If you really want to paint the cabinets yourself, you need to make sure the cabinets end up looking as good or better than they do now. A DIY cabinet paint job is a lot of work, so make sure you’re prepared for it. If not, look at different options for hiring a professional to get the job done expertly.

Talk to a real estate agent – In many places and communities, wood cabinets are a major selling point in homes. Look at listings for similar homes in your area and notice how the kitchen description is worded. You can also contact a local Realtor or Home Staging Professional for their expert advice.

Select colors correctly – Due to the importance of having your wooden cabinets painted correctly, you also need to make sure that you choose the correct color. There are practically hundreds of “white” paint options. Also keep in mind that lighting plays an important role in how the painting will look in the final space. Perhaps you should consider gluing a paint swatch to the front of each cabinet and looking at it for an extended period of time to see what it will eventually look like.

While all of these points should be kept in mind, the most important question to really ask yourself is “What is the role of the kitchen in your family’s life?” Is it really the heart of your home? Do you use this space to entertain yourself? Do you cook a lot? If you are the one who is going to spend a lot of time in this space, you must love it and put it to efficient use.

The letters NOI stand for Notice of Interest or are sometimes incorrectly referred to as a Memorandum of Agreement or MOC. It is usually a one-page document that states that the person presenting the document for registration with the County Clerk’s Office has an equitable interest in a property because of a signed contract of sale.

The NOI is most commonly used when an investor signs a sales contract with an owner / seller and wants to show anyone trying to make another offer on the property that they have a legal interest in the property. This is the case when someone else, usually another investor, shows up and offers the owner a higher price.

Investors’ practice of auction properties after they are under contract is becoming more common in distressed markets, but it even occurs in normal markets. Investors who regularly make statements to owners like, “Get your highest bid of those other guys and give me a call, I’ll give you more money than any of them, I just need to see it in writing.” The unpleasant part of that statement is the term “in writing” because that generally means that the landlord must sign a contract.

While I can’t blame the owner for wanting more money, what I’ve seen happen most often is a black hat investor trying to steal the deal, actually coming to the closing table and renegotiating the price below what that he expected. had originally offered to the trusted seller. How can I know? I’ve been on the other side of their offerings and had to fight to keep my salespeople.

So every now and then we have to fight for our closures and I’ve covered this in other articles on how to do this. The ironic part is that it is a crime to “induce” someone to sign a contract when another contract is in effect. The Attorney General’s Office will take these cases if you show evidence and the seller cooperates, which is often the case when the homeowner is threatened with a lawsuit or foreclosure.

So when we sign a contract with a seller, we almost always register a NOI in the public registry which is effectively a bond against the property. I want to repeat this because the subtleties of this “link” are far reaching. This NOI must now be posted as a bond on the property before title can be transferred, unless there is a foreclosure action to extinguish it, or the bondholder (the original investor / buyer) initiates a foreclosure action to take ownership. If this sounds harsh, it is just a solution to a problem in which one of the parties to a contract does not retain their part of the contract terms, just as a lender does with a homeowner.

The owner / seller does not need to sign the NOI for anyone to put a NOI on anyone’s property. Just remember, there is usually a sign in the clerk’s office that says something to the effect that “if you enter a lien that is not valid, it is a felony,” so think twice before you do it – don’t do it with anger or it could cost you a lot in attorney’s fees.

Having said that, the courts and sometimes the recording clerk treat NOIs like unruly in-laws. They probably tolerate them for the fees, but they don’t like them very much due to historical issues with the seller not knowing these links have been featured. Many standard real estate contracts specifically prohibit filing a notice of interest for it to be recorded in the public registry. This prohibition can be overcome by removing this applicable clause and having both the seller and the buyer initial, or by adding an overriding clause or addendum to your contract.

Once a NOI is filed in the public record, the next time title to the property is transferred, the title agent will need to have a Release of Lien for the NOI to sign to write or write down a title policy on the property. as an “exception” in politics. If the NOI is not extinguished by a lien release, the title has become “clouded” and needs to be expunged and a transfer to a new buyer may not go through properly.

This is where you come in to release the link and it usually happens when you least expect it, right before you planned to close it! Sometimes the landlord calls when he receives a copy of the registered NOI from the clerk’s office and was not expecting it; Either way, the seller is trying to default on the transaction. Sometimes the seller changes his mind for a valid reason, most of the time he doesn’t.

You have a couple of options when the NOI “hits the fan”, so to speak:

1.) Release the NOI using a lien release document and receive a payment to release the lien

2.) Honk the horn and fight the seller to get them to close or get paid to release the link.

In short, your choice is personal and determined by the potential loss of profit on the deal, the owner / seller’s actual reason for not wanting to sell, how much you can be paid for the release of the link, and its disposition that day. In the final analysis, the choice is yours to force the seller to close or release the link.

Hot-rodding is a popular American culture. The phenomenon was covered for the first time by magazines. Brilliant print names like The Rodders Journal, Hot Rod Magazine, Street Rodder, Popular Hot Rodding, and Rod and Custom Magazine are just a few of the magazines that feature this staple in American life.

In addition to printing, hot rodding also earned miles in the visual media wing. Discovery Channel featured a host of hot-rod documentaries like Monster Garage, American Hot Rod, and Overhaulin ‘. And TV shows like My Classic Car and Horsepower TV also had episodes dedicated to hot-rodding topics.

Tom Wolfe wrote about it in his book “The Kandy-Kolored Tangerine-Flake Streamline Baby”. Even the Beach Boys sang it on “My Little Deuce Coupe.”

Hot-rodding began primarily in the 1930s in Southern California, where people began modifying light-weight cars with large engines and racing them on the vast, empty lake beds northeast of Los Angeles. The original hot rods were older cars that were scaled down to weigh less and improve aerodynamics. After World War II, many small airports were abandoned in the country. In effect, these locations allowed the hot rodders to race marked routes. World War II also helped the popularity of the hobby, especially in California, where many returning soldiers had received technical in-service training to modify such cars.

At the center of it all, the 1932 Ford Roadster was the car every hot-rodder wanted. It was the automobile that changed the automobile industry forever. He was simple, slim, and had an attractive and coveted body. It also had a very affordable engine, the V8, which awarded the 1932 Ford Roadster a reputation as the perfect car for a nation obsessed with speed.

But then, like everything else, the popularity of hot rodding began to wane. Car shows and drag racing divided the hot-rodding community. Later, Detroit released muscle cars like the Plymouth Roadrunner and the Pontiac GTO. With these muscle cars, it was no longer necessary to put a Cadillac engine in a Ford Roadster. The Pontiac GTO could outperform any hot rod and offered more room for passengers. There was no longer a need to spend time building and tuning the car yourself. Muscle cars had it all.

But today, the hot rod culture lives on. And in January 2007, the hod rod culture even celebrated its 75th anniversary with the launch of the 75 most influential “1932 Ford Hot Rods.” The list was commissioned by Ford, where a panel of hot rod experts reviewed about four hundred and seventy-four worthy cars and narrowed it down to seventy-five cars.

So if you are interested in being a part of the hot rod culture, I advise you to first try renting the car from one of the car rental dealerships in town. By renting it, you would have a taste of experiencing the car, not just in a nostalgic showroom, but on the gravel itself. If you don’t like it, you won’t regret it because you can return it after renting it. But if you like it (which I’m pretty sure you will like), then great.

You can also check the sites of these car rental dealers. Their websites already offer car models, prices, rental sources, special offers, and reservations. Live and be a part of the American way in a rental like the 1932 Ford Roadster. This is the American Way as you know it, discover it first hand in your exotic rental car.

Manufactured homes have gained popularity since 2008 and are a common housing option for seniors. However, there seems to be a lot of confusion as to whether these types of properties qualify for reverse mortgage assistance. So they? Or do you demand the characteristics of your specific home?

The rebound

These types of homes have seen a massive resurgence in popularity over the past eight years.

Warren Buffett and Berkshire Hathaway’s ability to survive and thrive during the 2008 crash is largely attributed to the manufactured home company Clayton Homes. Billionaire real estate investor Sam Zell has continued to expand his community portfolio of manufactured homes through Equity Lifestyle Properties, even as he squandered billions of dollars on apartments from late 2015 to early 2016. Some Wall St. merchants even They have quit their jobs to invest in mobile devices and manufactured home parks.

Additionally, we’ve seen an explosion of vendors offering everything from tiny homes, 100% green and sustainable homes, and improved manf. homes for golf and resort communities in popular retirement and vacation areas.

So it seems that more people are choosing manufactured homes again and many have paid cash for them due to a shortage of loans. The big question is; Can they take advantage of reverse mortgages on these properties when they really need them later in life?

How to Get a Reverse Mortgage on a Manufactured Home

Yes, manufactured home owners can enjoy the benefits of reverse mortgages and lines of credit. But there are restrictions.

Manufactured homes are eligible for reverse mortgages and home equity conversion mortgages by the U.S. Department of Housing and Urban Development (HUD). However, HUD also states that these loans are subject to FHA loan guidelines.

These guidelines change over time, but at a minimum, households should:

It will be built after June 15, 1976.

Be at least 400 square feet

Be attached to a permanent base or chassis

Be built to federal building and safety standards

It will be placed in its brand new original manufacturer location.

Be located on a property that you own

5 peculiarities to consider

1. FHA guidelines may change

2. If the property is in a community, the community may also need to be approved.

3. Current flood zone requirements could be affected as the government expands the standards to account for 500-year floods (compared to the previous 100 years)

4. Individual lenders can add their own claims in addition to HUD and FHA rules.

5. HUD requires a base inspection to ensure the base meets FHA guidelines.

Homeowners should also be aware that many lenders and brokers will simply dismiss manufactured home loan inquiries instantly. Why? Because many are simply not used to making these loans and do not want to bother learning. Others don’t want to deal with the smaller loan amounts normally associated with this type of property, vs. Let’s say luxury beach condos or giant loans for big houses. They just aren’t that profitable.

Summary

Better technology and building practices, as well as today’s economy, make manufactured homes very attractive and profitable as a home or investment today. It is possible to obtain a reverse mortgage on these types of properties. Just make sure you know which ones may or may not qualify, and try to stay ahead of the changing rules if you’re buying a manufactured home now. If you don’t find helpful lenders at first, keep looking, there are reverse mortgage specialists who love to make these loans and are very proficient at it.

From yard waste piles to renovation debris, trash can accumulate around the house. Make trash removal easy by calling your local trash hauler today!

Taking out the trash is one of those tasks that everyone hates, so it’s no wonder that when it comes to big trash removal projects, no one wants to help. Don’t worry about nagging your spouse into carrying tree limbs to the landfill or trying to dispose of construction debris on the sidewalk, one bag at a time. The simplest solution to your garbage disposal needs is a professional garbage transportation service. By providing complete trash and reject removal at a surprisingly affordable cost, these experts can collect and remove debris of all sizes, shapes, and types in one step. From yard debris cleanup to farm house renovations and cleanings, scrap metal hauling services are a simple and hassle-free way to keep your property neat and clean.

Trash removal services can help you handle large and small debris. That means whether you have an uncomfortable load like an old water heater or other appliance disposal need or just a big mess from an apartment cleaning, professionals can remove your trash in one simple step. Most trash collection companies are equipped to handle waste of all kinds, including furniture removal, yard waste collection, construction and renovation debris, property and apartment cleaning waste, and more!

It can be tempting to just pile yard waste, construction debris, and other debris in a corner of your yard and forget about it, but a mountain of trash can make your property look unkempt and unappealing. With professional trash haulers, you can make disposing of this waste easy and affordable, and make sure your home and lawn look beautiful and well-maintained. If you need a large or small garbage disposal, contact your area garbage disposal service today.

Operating your own rental portfolio? Tired of researching your tenants and fully checking them to make sure you are getting solid income streams?

Are you trying to find properties where the numbers work? Do you think it would be wiser to agree with a professional property manager to limit the liabilities your real estate business is creating?

Are you managing forward-looking assumptions about bad debts, delinquencies, concessions, vacancies, rent growth, etc. all returns and impact returns?

Are you embracing technology and not sure how to get started on your online presence?

Real estate investing may not be rocket science, but you can get bogged down with the various challenges of day-to-day trading.

Real estate can be a fast-evolving, multifaceted and dynamic industry and there will always be a handful of problems in such an erratic industry that you have to navigate, but dealing with these challenges is not at the top of your priority list.

Do not transport.

You can delegate. You can have your peace of mind.

So that you can focus on the most important things in your real estate business and free up your time working on what you love and what is good, you can delegate two important functions:

1. Lease Administration

2. Dedicated staffing

Yes, this is the smartest way to run your real estate investment business today.

SUBCONTRACT.

Why should you outsource your real estate investment needs?

• To simplify your real estate investment

You can demystify your real estate investment if you have developed a system with a dedicated team to attend to specific tasks. Let the property managers do what they are good at. Let the audit team do the numbers. Let the social media staff work on your online presence. Delegate specific tasks to the right people to get the best possible result.

• To allow you more time to focus on what you do best

Since you already have a dedicated team and system working in the background on the jobs they’re good at, you now have more time to focus on what you do best. You can’t be a one man band to do everything. You have your own special skills and talents that are needed in your property investment and it will help you to do so.

• To give you the freedom to balance work and life.

You don’t necessarily have to work hard on your property investment. You just need to work smart. With a sound system installed and dedicated staff, you too can enjoy yourself and have a life.

You deserve to have a work-life balance and you need it to thrive in your business. A healthy mind, body and spirit working together in harmony is the secret to your success. You cannot work smart and not live life. You can have it both … work and live.

Be a success story in your real estate investment. Work smart, delegate and outsource.

New home buyers should be extremely cautious about hidden property flaws in a foreclosed real estate purchase. Recent national real estate data reports that most real estate transactions are now part of a foreclosure process. At the same time, a significant percentage of these buyers have waived the recommended professional home inspection process. Buyers are skipping this prudent inspection process in some cases because the bank has misinformed them, and in others, that the property will only be sold “as is” and repairs will not be completed. As an experienced real estate inspector (involved in hundreds of foreclosure inspections), I can report that the “as is” rational way to forego a professional home inspection will not only cost the buyer thousands of dollars in purchase price. and repair losses, but also putting the buyer’s family at risk of undiscovered safety and environmental hazards.

Having a diligent professional inspect the home in foreclosure is just as important as inspecting a home where the owner-occupier is available, perhaps more so. Sellers and their representatives must disclose all known significant defects. But, if a foreclosed home is owned by a bank, the bank has never lived in the property, so there is likely not much information in the disclosure statements. In this situation, it is especially important to take the necessary measures to know the true state of the property. Homes generally go into foreclosure because the owner can no longer pay the mortgage payments and has moved out. As a result, maintenance and repairs are also neglected. In many cases, the landlord or tenant is angry and actually removes or destroys the main systems in the house. It is essential that buyers are aware of the condition of the structure and all major systems. Only a certified real estate inspector will provide that information.

The “as is” statement has been touted to mean that the bank will not repair any defects found. My experience is the opposite. My inspection clients have reported that banks are often liable for costly or safety-hazardous defects reported by a certified inspector. Even if the bank is unwilling to negotiate on discovered defects, the information the buyer receives from a thorough home inspection is invaluable in making an informed purchasing decision. And even if there are plans for a significant remodel, why risk discovering problems with the furnace, foundation, or structure after you close out the escrow and get to work? It’s best to eliminate any big financial, safety, and environmental surprises by reporting problems ahead of time through a detailed home inspection. The inspection process is really the only way to find out if the foreclosed property is really a good financial deal or not.

Home buyers, banks, or sellers should enlist the services of qualified inspectors who are trained and experienced in home inspection. It is also vitally important that the inspector is a certified member of a well-founded professional association such as ASHI (American Society of Home Inspectors). ASHI is the largest and oldest inspection association in the country. ASHI certified inspectors must adhere to CREIA’s Code of Ethics and follow the Standards of Practice developed and maintained by the Association. Recognized by national consumer associations, these Standards of Practice are considered the source of the Home Inspector Standard of Care by both the real estate and legal communities.

A deed of trust is a legally binding agreement between a person and their creditors, in which case the person’s assets are transferred to a trustee who seeks to manage the assets in a way that seeks the payment of the person’s outstanding debts. . The agreement is voluntary and creditors can choose not to subscribe to the agreement. In such a case, creditors who choose not to sign for the trustee may continue to seek alternative means to recover their debt. On the other hand, the creditors who sign the agreement are bound by the terms of the agreement and cannot seek alternative means of debt recovery. There are different types of trust deeds. These types of events are discussed below.

General writing

A general trust deed also refers to a regular trust deed is the deed that creditors take on a voluntary basis. In this case, the person appoints a trustee who must be a qualified insolvency practitioner. Then, it transfers all the assets in your name to the trustee who manages the assets on behalf of the creditors. The trustee then writes to the creditors asking them to sign the deed of trust. Creditors weigh their options and can choose to sign or not sign the agreement. If they sign the agreement, they are bound by the terms and deal with the trustee from there. The trustee then continues to discharge the trust under the agreement until the agreement is fully discharged. Once this is done, the individual is debt free. The ordinary deed allows a person who cannot pay his debt the opportunity to resolve it without going through the humiliating process of bankruptcy.

Protected writing

Protected trust deeds are enforced by a court of law. In this case, an individual seeks court intervention to bind all his creditors to the deeds. The court determines the trustee and oversees the arrangement before settling the deeds. Creditors are notified of the intention to have a protected deed and have a period of 5 weeks to object to the deed. If the majority of creditors do not object to the deed, the deed comes into play and all creditors are bound by the agreement. On the other hand, if the majority of the creditors object to the trust deed, such objection grounds can be used to obtain their own seizure. A protected deed also protects the individual’s home equity and creditors and the trustee are also limited as to the extent to which they can pursue debt recovery. Again, if the deed is discharged according to the agreement, the individual is debt free.

Asset-free writing

An asset-free deed is taken by a person who does not have any assets. In this case, the trustee receives part of the individual’s income and makes payments to creditors. An asset-free deed helps a person who does not have any assets in their name to take advantage of the trust deeds to avoid bankruptcy.