To invest in our properties have the option to not use 100% of our money, but by using other people’s money (OPM). One of the most common source is the money the bank loans. Depending on the country where we are, we usually can get a loan from banks ranging from 70% to 95%. In this case we only need to spend down payment of 5% to 30% of property price. This also means that leverage is approximately 3.3 to 20 times.
Most beginners try to sell the property over the phone. They give all the features and benefits of the property and ask the potential buyers if this is something that fits their needs. When the buyers says no, the seller consoles himself with the fact that he did not waste his time showing the buyer the property staging.
In essence I said that while it’s really hard to outperform the long term averages in the share market (that’s why many managed funds try just to track the averages), it’s really very easy to outperform the averages when investing in property. You do this by buying well and buying the right type of property, one in a high growth area and one to which you can add value.
It is very easy to find a commercial property but the difficult part is determining the legal land property preparation. Many people think it is important to have their own property. In this way, they will be able to show that they have a certain belonging that they can show and keep for a lifetime. With this, they were able to make a good investment of money because they bought a property that they can use.
What I do know is that the houses feel more like homes — very clean, very uncluttered homes! I don’t see that staging takes away from anyone being able to visualize their own furnishings there. And, I thought the rooms looked larger once they were furnished.
With all these benefits, it is not surprising that majority of property owners who are either not near from their property or those who have plenty of things on their plate have decided to work with a property management company.
If you have rental property, do yourself a favor and hire a property management company to take care of the property for you. No more sleepless nights getting calls for maintenance, or worrying about who paid their rent and who didn’t. You will be able to rest easy knowing that your property is well cared for by a professional.