Tag: investment
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The Wise Investment Standard
Many states have adopted some version of the Prudent Investment Rule (Law /Standard). This rule says that the trustee will be judged by how the investments were managed as a whole. This means that if one investment is not preforming well but the others keep the portfolio continues to grow in worth then as a…
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Management Agreement for Properties
Anytime you enter into an agreement which will take longer than a year to preform in real estate a contract or agreement needs to be in place. A property manager needs to be under contract in order to protect yourself before you allow one to have possession of your property or properties. They will…
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When Is a Brokers licenses Needed in California for Property Management
Someone who acts on behalf of another concerning real estate needs to have or have their license under a Department of Real Estate (DRE) broker. Many times, the term agent refers to a real estate agent but some one who is hired to conduct the duties of property management must be and real estate…
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The 1st Right of Refusal to Purchase and Other Options
Tenants often invests a substantial amount in a leased property to adapt them to the needs. Due to this many times these tenants require option to preform these improvements. Like many other improvement investors, they do so by one of three payment methods. Also, during the years of operation, the tenant develops a reputation within…
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Nonresponsibility Notices and Their Effects
Sometime the tenant will hire a contractor to do the construction improvements they have permission to preform on their leased or rented property. Any mechanic’s lien by said contractor for nonpayment first attaches to the tenant’s leasehold interest in the property, but a mechanic’s lien for unpaid labor and materials may become attached to the…
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Promised Improvements
Case 1 There are times when a landlord may agree to make improvements to secure a rental or lease agreement. If the landlord fails to make these changes in a timely manner, then the renter of the person leasing the property may cancel the lease or rental agreement. Let’s say John is a…
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Leasehold Improvements
You are the owner of a small commercial building. This building is nothing more than a shell when you enter into an agreement with Mr. and MRs XYZ for three years and the condition that the XYZs make all needed tenant improvements to the property. They are to do the landscaping, and all interior…
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Finding Your Properties (2)
The third method I will briefly talk about is: Networking Networking is a highly effective method which is often overlooked. How hard is it to tell everyone you know and meet that you are in the market to purchase another property? Why would you limit this method to only yourself; this method should be…
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Preparing for Change
As a real estate investor, you should prepare yourself for the natural changes which are bound to come. Property values are fluid, so the fair market price keeps adjusting. As a wise investor you should look ahead and with reasonable clarity have a strong opinion as to what is happening in the market place. I…
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Being Honest
Perhaps in the real estate investment field there is nothing more than being honest. Being dishonest with customer and clients and the public will cause you to become disrespected and avoided. Being dishonest with yourself may cost you more. “No man is an island, entire unto itself” is from a sermon the poet John Done…
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