Business & Property

Increasing the Value of Commercial Property Investment

Investing in commercial property means more works to do. Before investing in commercial property, you need to make sure that your finance is stable and ready. Managing commercial property is not an easy feat. Aside from earning stable income monthly, you can increase the value to earn more. You need to find out what kind of service or facility that you think your tenants will be willing to pay. One key that can leads to increased value is demand. This is directly related to the value shares you can plan for your commercial property.

The most recommended strategies to increase commercial property’s value

Strategies to increase commercial property's value

In order to increase the value of your commercial property, you need o find out the demand or at least what your tenants need. You must have targeted what kind of tenants you want to occupy your property. Then, you will be able to predict what they need. Even though every individual has different needs, there are common amenities that most tenants need. This is a great chance for you to increase the value of commercial property so the tenants will pay more. Here are some tips to do it:

    1. Energy efficient amenities are what most tenants prefer from an ideal property. Tenants today are more aware of the importance of saving the nature. Thus, they tend to choose property which provides more energy efficient amenities such as energy efficient lighting. Eco-friendly facilities are more preferred because they are not only energy efficient but also can reduce maintenance costs. Thus, this is a great strategy since it advantages both you as property owner and your tenant. They will be saved from paying higher energy bills. Your maintenance schedule will last longer so you don’t need to change or repair too often.
    2. You can also increase the value of the property just by providing basic utilities such as sub-meter utilities for electric, gas, waste, etc. However, you need to make sure that sub-metering complement each unit fairly based on individual usage. Thus, they will only pay for what they use. It is impossible to have tenant who is willing to pay more than what they use.
    3. Parking is sometime underappreciated yet needed. If your commercial property provides parking area, it is more preferred by tenants. When you grant access to parking for your tenants, you will earn more income. This maybe simple facility but will be appreciated especially by the tenants who have active mobility in their daily life. Parking lot attached to your commercial property will provide safety to the tenants who own cars.

There are many ways you can do to increase the value of your commercial property. Instead of looking for grandious ideas, you can start by small things. Providing small yet necessary amenities will be more effective in earning more income instead of going for luxurious ones. That is why it is important to target your tenants and identify their needs beforehand. Thus, it will be easier for you to decide what kind of facility or service they need.

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Fixing Property Marketing Hassles in the Best Ways

Marketing strategies in property business can be a hassle. Well, it is not easy to find the best strategy to promote your property business. There is always trial and error phase.

Fixing property marketing hassles the best ways

Besides, property marketing can cause some problems even if it’s effective in promoting your property value. However, there are unfixable problems. The point is, you need to find the right ways to fix every problem in property marketing implementation. One of the most common problems rising from property marketing is inconsistency of the result.

Sometimes, the marketing strategy works just fine and sometimes it result badly. Instead of keep changing different strategies, you might as well try to figure out the real problem first.

The best ways to fix your property marketing hassles

There are many kinds of hassle when it comes to property marketing. It is true that finding the right strategy to promote your business is challenging.

Besides, the problems that come along with it is sometime frustrating for property business owner and investors. Keep in mind that in building property business, you are not only required to work hard but also work smart.

It means you need to find the most effective ways to solve every problems and hassles in your business. Here are some tips for it:

  • One of the biggest problems in marketing is wrong target. It is such a waste if you make the most extravagant campaign and deliver it to the wrong target. The result won’t be satisfying for sure. That is why you need to fix this hassle by knowing the right target. When you deliver your campaign to random target, the result won’t be better than when you shoot it to the right target because your campaign has high potential to meet your target’s needs.
  • Try to stay consistent. Remember that any kind of strategy won’t be successful overnight, there is always time in for the process. It is recommended to stay in using one strategy for period of time until you get the result. This is when you need your patience the most. The result may not be satisfying for the first or second attempt. However, you may get better result with your consistency which can come from the seventh or eighth attempt.
  • The most common problem in property marketing is unrealistic expectation. Well, it is good to be a dreamer and optimistic. However, you need to keep in mind that property business uses more logic than feeling. Thus, the number is countable. It is important that you get as many leads as possible so you can hit your expected conversion. Just make sure that your expectation is in check.
  • The next best way to fix property marketing problem is by following up diligently. No matter how difficult you find the time to do it, you need to be willing to give answer and assurance to your clients. Make sure you can answer any calls since they can be a good potential for you to converse leads to deals.
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How to Find the Right Bali Web Development Company

Finding the right Bali web development company can’t be easy, even though it can’t be really hard as well. It depends on your need, but mostly, I think you will looking for it to help you improving your business.

Find the right Bali web development company - Things to know and do

At first, how can’t this be more interesting for doing business in Bali while knowing that it is also as the island where many of the people in the world would like to visit. Working in a paradise! And while speaking about it, the international market will automatically open the big chance for the products or services you are selling. It is the mini-world where you are likely possible to meet any people from any country.

Therefore, your business need a thing called as the online presence. We have known that many businesses of all sizes need to find ways to improve their online visibility and by the help of online marketing, many companies, manufacturers, retailers, etc have been helped. That is also the thing happening in Bali such any other cities in the world and one of the way to achieve all of the online successes for your business is to build its own website.

Be it the online shop or the company profile site for your business, anything. You just need to build one and see what it is capable to do about the business you’re running. Since you are reading this because of none of your knowledge in dealing with how to make a better web for your business, then you will need a help from the Bali web development company you can find.

Things to know and do to find your best Bali’s website development company

What you may don’t know about Bali is, since it is a province, then there are some of the cities and also the islands. You have to determine where the location you’d like to find the website development company.

Therefore, you can start from the big or popular city such as Denpasar, Badung, Gianyar, etc. It is because most of the city or regency capital will have the solid business development as a whole. So, there will be more services as well like the website development company especially in Bali.

Knowing the location (city) can also help you in accessing the Bali web development company, moreover if you are new at the city as the foreigner.

You may also do some online researches to find the best web development company in Bali. Even, that may be the first thing you’d like to do. You will see that there are so many options from search engines for the information you’d like to find. If you are only focus on finding the company only from the first page results, it is fine. But, there must be things you have to do. You need to see their portfolios and that should have been published on their sites.

If you are the foreigner who need the Bali web development company for your business either at your own country or Bali (Indonesia), then the right company should have been dealing with the foreigner’s business as well. So, you don’t have to be tired with the language barriers. You know what i mean.

Now, I keep on saying about the website development company, what actually does it means? From many of the company types, there will be more useful and beneficial for your business to find the right digital agency in Bali.

A digital agency will mostly deal with all of your online needs including improving your online presence by building you a website, help you to improve your social medias by making the content plan to get more likes, shares, better engagements, and many more. Not to mention the SEO service the agency may has to improve your business site’s visibility on search engines.

So you need a digital agency in Bali for all of those, including branding and marketing if you need one. You will have more than what you have expected. This web development company type is also has the solid team to make a better design for your website and making sure that everything is on the right track.

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Unconventional Financing in Property Business You Should Implement

Financing is one of the most important keys in building property investment. Without property financial management, it is hard for you as property investor to keep up with the business properly. Financing in real estate business is not about how much money you use to fund all your business activities but also how to make your finance as a great weapon for you to achieve your investing goals. There are many techniques used by different property business investor and owner. Remember that just because one technique works for an individual doesn’t mean it will work for you too.

Unconvencional financing in property business

There are always differences in the matter of effective strategies and techniques in running property business. However, other’s achievement can be a good example for you to follow. You may use the same technique but it may work differently in the result.

Unconventional financing in property investment

Unconventional financing refers to unique way of you to purchase an investment in property. In this matter, there is no rule in what kind of financing technique you should really take in order to make achievement in your investment. Besides, many investors even use more than one financing technique in running their business. Thus, you can even create your own creative financing strategies to meet your goals in the most ideal way.

If you think conventional financing technique doesn’t work for you, do not hesitate to choose the unconventional ones. Here are some examples of unconventional financing for property investment you need to know and you can use:

  • Hard money is already popular technique in financing though. You can actually earn this type of money from various sources but mostly from private business or individual. However, they are not just typical private business owner. They have interest in real estate investment which makes them interested in giving you hard money for your business. Remember that you will go through some procedures in which the terms can be different from one loan to another. However, this is a type of short term so you need to prepare another alternative as well.
  • Crowdfunding is one of the most popular financing in property business and investment these days. This is relatively new but has successfully drawn lots of investors’ attention. This technique basically allows investors to use money from the public. The process itself involves the platforms in which many investors are gathered to put their money for investment. This technique is not specifically designed for property investment. However, there are trusted platforms which are designed specifically for it.
  • Another unconventional financing for your real estate investment is private money. Some people are sometimes mistaken this as hard money. However, both are quite different though especially in the matter of relationship between lendee and lender. In private money, both have more personal relationship instead of just plain professional one. The terms are more negotiable since most lenders come from friends or families. For some investors this financing technique is more comfortable to use for their investment.
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What Makes People Hesitate to Invest in Real Estate?

Investing has become one of the most promising acts to gain profit. However, not everyone is keen enough to start investing especially in real estate since it is pretty much a big deal. There are many challenges to conquer in order to become successful investor. However, there are people who already hesitate to invest in real estate even before starting it. Everyone has their own fear especially in running a business because it involves many precious things such as money, time, and commitment. However, it is such a shame to just giving up on investing because it can lead to successful career and benefit.

Reasons why people hesitate to invest in real estate

Property business is promising in many ways and this is one of the reasons why people are interested to run a business or start a career in this field. However, not all people are brave enough to start investing in real estate due to many fears or just solemnly excuses. These are what hold people back from investing in real estate:

  • Don’t have enough educational background to start with the business. To be an investor, you don’t have to be an expert from the beginning. Knowledge to invest in real estate can be gained from everywhere aside from formal education. Any information today is already available online so all you need to do is just look for it. You can also ask successful investors for some advice. There is no need to rush in learning how the world of real estate investment works. This is not something you can build overnight.
  • Don’t have enough money to start the investment. There are numerous successful investors who start out from zero capital. You don’t have to be wealthy to be able to invest in real estate. There are many money lenders you can rely on to have enough capital. However, make sure to be selective in choosing the right money lender. There is also crowdfunding that has become popular today which you can rely on.
  • Money loss in the process of investing is also one of the biggest fears which make people hesitate. They are afraid they will lose their money before gaining profit. Losing money is not a threat. It is a risk that you can overcome. Besides, there is always risk for every decision you make in life. There is no minor thing causing money loss in property investing. It mostly happens when you make major mistakes and remember that mistakes are avoidable in every context.
  • Underestimate the availability of deals in property market. If you think there is not enough deals to get in the market then you are totally wrong. There are always deals to look for in the market. It is up to how you approach them. By using the right strategies, it won’t hard to close profitable deals. Besides, you investor is always welcome to use conventional or unconventional strategies. You won’t get judged just because you think or act out of the box to get the deals.
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Why is Real Estate Wholesaling Promising?

There are many ways you can do to involve in property industry. Even if you have limited budget to begin with, you can still build your real estate career just fine with the right strategy. People in property business face different challenge and fears in order to achieve their goals. Some of them struggle to gain money properly. Some others find it hard to understand the process, and many more of them. Facing fears while trying to build up your real estate career is not new. It is indeed common and it will be weird if you don’t face any of them instead. However, there is always solution for every issue you face. You just need to find the right time and chance to implement the right strategy. Thus, it comes to conclusion that wholesaling can be one of the best ideas if you face many fears in building your real estate career.

How real estate wholesaling benefits you?

Insufficient capital is the most common issue most people face when it comes to real estate business. Even though some experts even say that capital is fixable matter in this business doesn’t mean people stop struggling from it. However, you might as well start considering real estate wholesaling if you face this particular issue. Why wholesaling is such a promising investing strategy in property business? Let’s find out some benefits you can gain from this idea:

  • Faster profit is what you can gain when you decide to choose wholesaling idea in your real estate business. If you choose rehab, rental, or buy and hold properties, you will get the profit later than wholesaling. The profit you will gain from investing in fix and flip property for example, will require you to do some fixing here and there before it is presentable to sell worth living. If you have other job to cover your bills then it must not be a problem. However, it will become one if you need quick money to pay your bills diligently.
  • Some investors reconsider using wholesaling idea for their property business due to less profit check you get than rehab. Most people is quite disturbed with this issue emerging from wholesaling idea. However, you can make multiple wholesales since this method is quite quick in the process. By saving the profit you get from multiple wholesales, you can even start your own house flip in the near future.
  • Wholesaling is beneficial if you can find the correct method to do it. For example, it is essential that you find motivated seller. They tend to be in a rush to sell their property. It often leads them to sell it in lower price especially when their property is not in the best condition.
  • Wholesaling is beneficial when you can calculate and estimate the number very well. Start your way by inspecting the property, walk through it, and estimate the repair expenses. Then you need to come up with clear and approximate after repair value to determine the price of the property.
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The Kinds of System to Build Real Estate Business Effectively

System to Build Real Estate Business Effectively

A business can be built using the right system. This is a basic where every business owners would know already even before they start it. If you are already building a real estate business, then you may have already use real estate system that you think will work effectively. Well, whether your business is started small or big, an effective system is truly a needed foundation. It is the right thing that will help you boost your business.

What is system for real estate business?

A system in business is more likely a mechanism in which it is used to solve and execute many issues and tasks effortlessly. System is like automatic mechanism which allows business to go forward. Without business system, it will be harder for you to maintain all issues and tasks especially when they come up repeatedly. What kind of system that will work effectively for building real estate business?

  1. A system that you choose for building real estate business is supposed to has ability to address a specific issue or problem. If it cannot address all then it is considered as ineffective system. If it happens that your real estate business has not shown much improvement then you may need to recheck the system you use. If it needs some change then find the better one which works more effectively to your real estate business growth.
  2. An effective system should have ability to process all business tasks automatically. This is the most basic of a system. It works mechanically to accomplish every task on its own. It doesn’t mean that you neglect the task you have. With the right system however, you have already plan how to execute each task so that they can be solved effortlessly. System is there to solve every kind of inefficiency.
  3. Since a system works mechanically and automatically, the effective one should be able to execute every single process or routine smoothly. It has already planned before so there is no need for intensive thoughts or extreme effort once it is implemented in the business work.

The system for real estate business nowadays has become more effective due to advanced technology. Implementing business system is lot easier. However, it still doesn’t guarantee the success. You still need to choose the right system that will result in positive impact nevertheless. The characteristics which show that the system truly work effectively for your real estate business growth are as following:

  • They can save time processing all the task
  • They can minimize any potential error before it happens
  • They can help significantly in reducing excessive cost from the business process
  • They can help improving productivity
  • The results shown by the systems are in constant delivery
  • They can grow your real estate business

It can be concluded that having the right system in your attempt to build real estate business growth is essential in any way. It is possible for a system to fail and the right thing to do is to find the one that is more effective.

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Planning Renovation Budget for Your Property

In property business, it is common to buy a fix- and flip property. However, the process doesn’t end after you buy it. You still need to do the next process including renovation.

Planning renovation budget for property

This process is important for a fix and flips property investment since you need to raise the value of it to earn more profit in return. However, renovating your property is not simple either.

You need to plan in thorough and through. Budget is one of the most important elements in renovation. It should be included into the main priorities of your planning process.

However, it is not mainly about how to make the smallest budget possible. It is about how you plan for realistic and smart budget for the renovation.

What to do in planning renovation budget?

Well, there is no significant difference between renovating your fix-and flip property or your own home. Both still need the best budget plan when it comes to renovation. To help you make the plan, here are some steps you can follow in budgeting for renovation:

  • Set the limit and your affordability to conduct renovating process. This can be a little bit tricky since you may have difficulty in finding the right limit. However, you can make it easier if you set the goal while setting the limit of your budget. Since this is for investment and the main goal is to add and raise the value of the property, you will automatically know what kind of upgrade to take. Imagine this process as a big picture for you to see the renovation from larger point of view.
  • Next, you can narrow down the big picture you have outlined so that you can see more specific points. You will be able to find more accurate number of budget you will likely to spend for the renovation. If it’s too hard for you to outline it on your own, you can use online planner to accomplish the task. Make sure to separate between what you want and what you need. Differentiating between the two will help you set priority more accurately.
  • Aside from providing budget for necessary elements, it is also important for you to plan for the unexpected. Thus, you still need to expand the budget a little bit more. Thus, when the unexpected happens you are all ready to cover it. It is better safe than sorry just like what a wise man says.
  • Hire the right contractors. Finding trusted and reliable contractor should not be in a rush. You can do some research by asking here and there. You can start by asking your family, friends, neighbors or acquaintance. This way you will gain some recommendations to consider. You can also ask for advice from people who have experiences in renovating their property about how to do some adjustment to save your money from excessive expenses. Professional contractor will give you suggestion, recommendation and advice about what best for your renovation. They will gladly try their best to meet your expectation.
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Building Your Real Estate Career to the Next Level

Even though lots of people are getting interested into real estate career, it is also often they give up in the middle of their effort. Some people assume that property business can only be achieved by the wealthy. However, it is not true since this business is open for anyone who can put their best effort to build the career and gain the expected profit. Real estate career can be started from the scratch when you only have limited budget. To be able to build your career on property industry, you can adapt how small business system works. Basically, there are two keys in this system. They are productivity and time management. Using those two elements in your working will be significantly helpful to invest in the right way.

How to be able to apply those aspects?

Building your career in property business is not as simple as it sounds but it is also not impossible to reach. You see that many investors have proved to be successful in building their career due to unlimited effort and discipline. Here are things you can do to bring your career in real estate business to the next level:

  • Be thorough in documenting process. It sounds boring but you should know that this is important part of the business you are running. You need to be able to implement important documenting system to more thorough ways. There is no reason to skip this one no matter how distaste you feel to the idea.
  • Along with the implementation of documenting system, you need to remember as well that systemization is essential. This is where you make the blueprint for what to do and where to go in order to achieve your goal in this business. Your system in running property business should be structured and organized. It is even better if you can create your own system that works best for you.
  • Make objective review of your performance in general aspects. This is important to know where you make mistakes in the business and what you should do to fix it. If you have partner in running property business, you can ask their review for clearer judgment. No matter how thorough your plan and system to run the business, there is still a chance for it to have loop hole for mistakes and failures. However, it is the best chance to improve your performance anyway so you should not give up when mistakes detected.
  • Do not hesitate to think and plan of unconventional strategy. There is no certain rule in growing a business. Everyone has their own way to achieve success. Thu, you don’t have to always follow others even they are already successful. You can use conventional strategy as the base of your property business but you can also challenge yourself to try unconventional strategy. This is where you can analyze deeper to your improvement in running property business. This makes you rich with plenty of solution for every problem you face.
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Negotiation Pressure Point in Property Business

Running a business needs effective strategy. You will need more than one weapon if you want to gain profit as you’ve planned. Amongst all the process in building property business, negotiation is the most challenging step to do.

Negotiation pressure poin in property business

For a people person, holding a negotiation with others seems easy. However, it is not the case for introvert person. They tend to struggle more to conduct negotiation. In business negotiation, sweet talking is not the most effective weapon since it doesn’t work to win a great deal but just to flatter the others.

In negotiation though, you need to maintain effective communication and compromise in the best way to close the deals that given you benefits.

Understanding pressure points of negotiation

No matter what personality you have either extrovert or introvert; you will be able to make great negotiation by learning the pressure points the others have. This is actually part of using psychology as you fundamental in negotiation.

Being able to psyche the others will be very helpful for you to score a deal after negotiation. In this matter, you need to know how important it is to understand the pressure points of negotiation.

While making conversation with the others, you can learn to use pressure points very well. The first pressure point in negotiation is time. When people are under the pressure of time, they become more flexible and compromised.

For example, when a homeowner needs to relocate to a new job immediately, they will tend to be more motivated to sell their home even in a lower price. This can give you absolute benefit. Thus, you need to find out if the other has time pressure point before you conduct the negotiation.

Another pressure point you need to learn and find out from the others is information. People say that information is even more worth than money itself. That shows how powerful information can be. In property business negotiation, you can use this to your benefit.

You need to find out more information about the other’s properties as well as their motivation in making a deal with you. Then, you can use the information you have to fish out more chances from the others. You can ask direct question related to the deal. If they hesitate to answer or give vague answer then you can smell something fishy. Thus, you can use this to your own benefit and make yourself a great deal to close.

Actually, the art of negotiation is not something too complex. In fact, you can learn it as often as you can by practicing. You can try negotiating with others. The more various the circumstances, the more things you can learn. Thus, you will be able to understand more about the perks of being better negotiator.

If you have mastered the art form of negotiation using psychological principles then you can negotiate very well in the future without having so much hassle to deal with. You will get used to it and recall the best strategy to win over the others.

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