HOW PROFESSIONAL PROPERTY MANAGERS HELP IN HURRICANE PREPAREDNESS by Dave Sweyer

We are nearing the peak of the Atlantic hurricane season and, thankfully, the season thus far has been relatively uneventful for those of us in the coastal Carolina area.

Being prepared for hurricanes is a regular part of life in our area. Those who have experienced these storms before likely have supplies ready – think flashlights, water, non-perishable food, battery-operated radios, back-up power supplies/generators – in their homes, as well as a “get-out-of-Dodge” plan in place for when the tropical winds and rains inevitably come calling.

But what if you own rental properties in the area? Surely even the most responsible tenants can’t be expected to care for your investment as you would. Or, better yet, care for it as a professional property manager would.

Professional property management companies have both the in-house staff and close vendor relationships that will allow them to assist in taking care of those last-minute

Read the rest

How To Begin Investing In Actual Estate For Beginners

Tata and the Indian authorities promised that the brand new coal plant could be totally different. It could burn imported coal utilizing a excessive-temperature expertise that emits fewer greenhouse gases.

real estate investing for beginners youtube

About and Bradley Group Realtor’s Manassas Virginia Condominium Actual Property Web site: The website supplies Manassas real property info and resources to information condominium homeowners, apartment homebuyers and real property traders by means of the method of selling and buying a condominium (condominium) within the Manassas Virginia space. We proceed to be a hundred{27d785258f3a14c0d6dfe6d3f696652539e0568aa71fc339a5126193844ef588} in finishing brief gross sales for our sellers. Its essential you hire a short sale specialist with expertise together with Real estate news your bank. There are other authorities grants obtainable for real property investing akin to providing the start up value of an organization that may construct and develop row homes for minorities. If they need to reconstruct dilapidated … Read the rest

Greenville real estate agent becomes 10th SC resident charged in Jan. 6 Capitol riot | Greenville Politics

GREENVILLE — A Greenville real estate agent is the latest South Carolinian to be arrested and charged in connection with the Jan. 6 U.S. Capitol riot.

James Douglas Lollis Jr. faces charges of entering or remaining in a restricted building or grounds; disorderly and disruptive conduct in a restricted building or grounds; disorderly conduct in a Capitol building; and parading, demonstrating or picketing in a Capitol building, according to a criminal complaint.

Lollis faced a preliminary hearing in Greenville on Sept. 8. He was released on a $25,000 unsecured bond with travel restrictions limited to South Carolina and the District of Columbia, where his case originated.







James Douglas Lollis Jr.

In this still shot pulled from a Facebook video, James Lollis Jr. rides the Metro with a companion who describes Lollis getting sprayed with bear mace at the U.S. Capitol in Washington, D.C., on Jan. 6, 2021. FBI/Provided 


Lollis’ alleged involvement in

Read the rest

Comparing Traditional Versus Tech-Enabled Property Management

Co-Founder & CMO at Poplar Homes, a tech-enabled property management company with 2,200+ doors under management across 10 major metros.

Property management is going through an evolution right now, and tech providers have stepped up to the plate to disrupt the industry. There are plenty of incentives as to why. Among them, rental market share continues to grow steadily, making real estate investing an appealing alternative to stock market volatility.

Investors looking for assistance in managing and maintaining their portfolios are now faced with choosing between traditional and tech-enabled property management companies. 

The Key Differences In Property Management Operation Styles

Whether you have one property or five, you’re more likely to feel the impacts of poor performance when operating at this scale. This makes management style crucial. With that in mind, what do property owners need to know when looking at a potential partner?

Traditional Property Management

Traditional

Read the rest

Real estate agent finds cats in vacant Massapequa house

Were it not for a compassionate real estate agent, around two dozen cats and kittens still might living in dreadful conditions in a long-neglected home in a well-to-do Massapequa neighborhood.

Tammy Gatto — whose last name happens to mean cat in Italian — has informally rescued animals for years so she at once knew something was amiss when she saw lots of cats entering and exiting the vacant house hidden behind the overgrown shrubs, next to the one she was selling on East Shore Drive.

“How is it,” she wondered, “is it that this house, in the midst of these million-dollar homes, is being left like this?”

“I saw multiple amounts of cats and raccoons hanging out in the backyard,” said Gatto, of Signature Premier Properties in Dix Hills.

Speaking with neighbors and then the tenant, she learned he no longer lived there but returned occasionally to feed the animals.

Read the rest

How to Motivate Property Management Teams

If you want to operate a successful residential community, focus on making your employees happy and motivated.

“Property management is relationship building,” said Alan Kessman, regional manager at Universe Holdings. ”We don’t manage property. We manage people.”

READ THE DIGEST

When property management companies lose staff, they must place more responsibility on a smaller amount of employees, leading to burnout and instability within the group and at the individual buildings. Additionally, employee turnover wastes time and can be costly in the long-term. The average cost to replace a salaried employee is six to nine months of the employee’s salary, according to the Society for Human Resource Management.

Today, every industry is focused on attracting and retaining employees, but property management companies have reason to be more concerned than others. According to the National Apartment Association, the overall average employee turnover rate for property management staff is 33 percent, much higher

Read the rest

UK real estate agent wins $254,000 after being refused 5 p.m. finish

Cravetiger | Moment | Getty Images

A real estate agent in the U.K. has won nearly £185,000 ($254,478) in compensation from her former employer after the firm refused her request for flexible working hours, which led her to resign. 

A U.K. employment tribunal judge ruled on Monday to uphold Alice Thompson’s claim against Manors real estate agents in London. 

Upon looking to return to work after maternity leave, Thompson had asked if she could finish work an hour earlier at 5 p.m. and work four days a week, instead of five, to accommodate for her daughter’s childcare arrangements. 

Thompson resigned in December 2019 after her boss refused the request, according to an employment tribunal dated August 24. Thompson struggled to find work after the U.K. went into coronavirus lockdown in March 2020, due to its effect on the property market. 

The employment tribunal ordered Manors to pay Thompson £184,961 as

Read the rest

RENTAL PROPERTIES: TO FURNISH OR NOT TO FURNISH? by Dave Sweyer

Rental properties can be great investments and provide month-over-month profit for owners, while simultaneously accruing equity over the longer term.

Some owners have a single rental property, while others have multiple properties as part of their overall investment portfolios. Every investor’s goals will be different, and rarely is a choice plainly right or wrong, or the solution to an issue black and white.

One major question property investors face is whether to offer their long-term rental properties furnished or unfurnished. And, of course, not one size fits all.

This is an area in which working with an experienced property management firm can be a tremendous value add to your investment. In some parts of a city or an area, furnished rentals make much more sense than in others. The best property managers and management firms will live and breathe the markets they serve and be well-positioned to provide advice

Read the rest

Judge rules in favor of real estate agent facing discrimination charges, state drops case against another

An administrative law judge, citing omissions in a state investigation, has ruled in favor of a real estate agent facing discrimination charges initiated after Newsday’s 2019 “Long Island Divided” series. A separate complaint against another agent included in the project has been dropped by the state agency that oversees the real estate industry.

The complaint against Le-Ann Vicquery, formerly with Keller Williams Realty Homes & Estates in Hauppauge and now an associate broker with Voro Real Estate, was dismissed last month, state records show. Administrative Law Judge John E. Kenny wrote that the New York Department of State “has not proven by substantial evidence” that Vicquery illegally discriminated against a prospective buyer.

A Department of State spokeswoman said the agency is preparing to appeal the decision.

The judge wrote that the Department of State investigator did not interview the undercover testers sent by Newsday to meet with Vicquery. Newsday sent

Read the rest

Learn Real Estate Investing

To be able to perceive real property financing, it is vital that you simply understand the time value of cash, the existence of leverage and learn how to make it work finest below your condition.

real estate investing apprenticeship

This article will enable you to get an understanding about investing. Luckily, you possibly can put your money in real property choices without having to do all that. You do not have to be an accredited investor to get started. And even if you happen to live abroad, you are capable of put money into properties throughout the United States — so that you now Angel the Real Estate not must feel constricted to one space. Get an understanding of tax legal guidelines and up to date modifications. Tax legal guidelines are up to date and amended recurrently which means it is as much as you to keep up with them. … Read the rest