Business & Property

Things about Co-ownership in Property Investing You Should Know

Property business is not indeed not for everyone. Sure, people from different disciplines and background can invest in property but not everyone can go success with their investment. There are many challenges along the road which can hold you down from reaching your success.  One of the many challenges today in property investing is the growth in price. Of course, property is not only available in low prices. In fact, the price keep raising every year. You can choose lower priced property but it must be lack of quality as good investment grade.

About co-ownership in property investing

The rapid growth of the price both residential and commercial properties makes it even hard to reach success. It makes it out of reach of single investors. Thus, the idea of co-ownership emerges and is seen as one of the most effective solution regarding to this issue. It gives hope for small property investors who unable to invest in quality properties. Here are things about co-ownership you need to know:

  • One of the biggest question emerging once you heard about co-ownership in property investing must be ‘will it work?’ The most accurate answer is ‘it can’. Just like any other owning type of investment, co-ownership can work even for property investing. However, it can work under certain circumstances which includes trust, priority, and transparency. If you decide to acquire property in co-ownership, you need to find out more about the good and the bad of it.
  • Co-ownership can be a good solution for you to take due to the issue of rapid growth of quality property’s price. It can also work as long as you pay attention to the documentation of the purchase. It is one of the most essentials to show professional and legal co-ownership agreement. Remember that people goals and circumstances can change anytime. However, those documentation don’t. Legal document can be the center and solution in every circumstances involved during co-ownership.
  • It is important to make co-ownership agreement from the beginning. The content of the agreement is not only about how much share you and other investors have but also the exit. Remember that circumstances can change dramatically at any time. There might be a time five or ten years in the future you are struggling with your personal finance. You can discuss about your share with other investors and decide the right solution using the co-ownership agreement.
  • When you decide to be in co-ownership investing, you need to know that every decision cannot be made by yourself. You have other investors who have the right to voice out their opinion. Of course, it also depends on how much share each of you own. What you need to point out is that co-ownership is not for those who have big ego and stubborn personality. It is for those who can compromise and discuss while sharing thoughts with others without easily getting offended when things don’t go as they wish. You need to build your patience more if you decide to do it.
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Landlord’s Errors in Managing Their Investment Property You Should Learn From

Your property is your asset since it comes from your hard-earned money. With your money invested to a property, comes your responsibility as a landlord. In fact, the responsibility is not easy to fulfill. Most people think that being landlord is only need to wait for the tenants to pay for the rent every month or so. However, being landlord is much more than that. There are responsibilities you should take not only to your asset but also your tenants. It is easy to make some errors for a landlord especially in the beginning. However, the best thing to do is to learn from that to make a better landlord.

Landlord’s Errors in Managing Their Investment Property You Should Learn From

Common errors done by landlord

Errors are often made during the first years of a landlord in managing their asset. It is easy for new landlord to make mistakes here and there. Limited knowledge of investment property management is the main cause of those errors. If you are also new investor as well as new landlord, you can learn more from these errors done by most new landlords:

  • Not paying attention to the upkeep investment property. Most new landlords think that it is not necessary to spend money for minor renovations such as repainting, replacing old air conditioning, or doing kitchen makeover. However, those minor renovations can add the value of property investment significantly. Minor renovations can also increase your rental returns quickly. That’s why it is important to maintain property regularly and professionally.
  • Too focus on satisfying personal desire to the investment property. Being a landlord means you need to try putting on your tenant’s shoes. Many new landlords instead focus more on their personal liking such as applying their favorite colors to their investment property and choose vibrant color. However, it is safer to choose neutral color and décor to your property. Choosing durable and hard wearing finishes are also recommended instead of going for flashy things.
  • Forgetting to set boundaries with tenants. It is important to maintain good relationship between tenants and landlords in business level. However, trying to make relationship than you are supposed to be will only raise another problem. For example, your tenants will think it is fine to pay late than due date just because you are too friendly to them.
  • Too confident to manage investment property alone. In fact, it will be more advantageous to ask for help from professional property manager. They can help you market your rental premises and find potential tenants. They can also help you maintaining your investment property to the max. Thus, it will increase your rental returns. It also means you will be able repay your loan faster.
  • Another error is starting business without a plan. This is big mistake because planning is essential. Buying investment property blindly and rent it out without thorough plan will lead you to fail faster. To help you make the right plan, you can consult the experts. Therefore, you can avoid making wrong decision to your investment property.

 

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Finding Out the Best Seminyak Villas to Stay in

There are popular places in Bali you can venture to. Or, you can also choose one of popular location to stay in during your holiday. Seminyak is one of the most favorite places to stay in for international tourists. This is where you can find the best villas, restaurants, bar, and of course beaches. As for accommodation, you can find one of Seminyak villas to stay in during your holiday. Seminyak offers easy access to various hot spots. Thus, you won’t ever get bored staying at Seminyak. About the villas, most of them are clean, luxurious, and well-maintained. Besides, they are also ranged at various prices. You can choose the one based on your budget or personal liking.

Finding Out the Best Seminyak Villas to Stay in

The right Seminyak villas to book for your holiday in Bali

Villas are more preferable when it comes to vacation, especially if you are planning to have long vacation in Bali. Villas are more comfortable and enjoyable to stay in. it offers friendly and private environment for long stay. The rent also lower the longer you choose to stay in. here are tips to find the right villa at Seminyak:

  • Choose location of villas that is safe to stay in. Bali in general is a safe place to visit and stay in for long holiday. However, there are some parts of the areas which are less safe than others. As for Seminyak, recommended places to stay is between Seminyak Square or Jl. Laksamana Oberoi area. Another option is Jalan Petingenget. Thos areas offer easy access within walking distance. It is also easy to get taxi around those area.  
  • Choose Seminyak villas based on the price rent. The price for villa rental is varied from one place to another. However, you can also choose based on your needs. If you need villa in more secluded area, the price can be lower. However, you may spend extra money if you choose villas with high-end facilities located in more strategic places such as in the middle of the city. If you are planning to have luxury vacation, might as well choose private pool villas with in-house service. This will give you best experience during your holiday in Bali.
  • Choose villas to stay in based on the number or people you bring. Seminyak is safe for family retreat. There are many kids-friendly villas you can choose as well. The tourist attraction designed for kids are also many that you don’t have to worry to bore your kids. If you bring your big family along with babies or toddlers, it is recommended to book Bali family villas. They will provide what you need especially for kids.
  • Recommended villas to stay in Seminyak such as Chandra Bali Villas, The Layar, Annora Villa, My Villas, and many more. Make sure to book in advance to know the room’s availability. Bali is an over year holiday destination since the temperature and climate is always perfect anytime. This cause high demand in accommodation. Thus, booking early will help you avoid hassle.

 

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Maximizing Your Upside in Buying Property for Investment

Choosing property as your investment can be a good idea if you know what to buy and what to do with it. Property business for anyone but not all of them can be successful in property investing. There are risks and challenges especially in the beginning. In property investing, there are different types of investors such as analytical, passive, and active investors. Each type has different tendency in running their investment. Being an active investor is better especially if you seek for professional advice from reliable consultant. However, the most important point in property investing is if you are in the market and taking action. Spending too long in analyzing or doing nothing at all won’t give you any benefit.

How to maximize your upside in buying property

Is you have been thinking about property investing, the right time to start taking action is maybe now. Many investors are confused to buy right or buy well. Buying right often focus on the quality for the property and not really influence by the value or price. Meanwhile buying well tend to focus on paying under the market value. So what is the best approach in buying property?

  • It is recommended to buy property that would appeal to owner occupiers. It is likely for owner occupiers to buy similar properties by pushing up local real estate value.
  • You can also choose to buy property below its intrinsic value instead of market value. To do this right, you will need to avoid new and off the plan properties. They tend to come at a more expensive rates.
  • You can buy a property in an area that has a long history of strong capital growth. This type of area will be able to outperform the averages due to the demographics factor. Besides, this area is more desirable for owner occupiers to live in. the lifestyle will be more suitable to their liking. This area also has affordable lifestyle. Thus, they will be willing to pay even at a premium price.
  • You may also consider buying a property with a high land to asset ratio. You don’t’ have to buy a property with a lot of land. However, you need to remember that land is also valuable asset to keep invest in.
  • If you find a property with unique points then you might as well buy it. When a property has something that other properties don’t, the value can be increased. It is not easy to find a special property with affordable price. However, it is recommended not to skip the opportunity if you come across with this type of property when looking around.
  • It is recommended to buy a property where you can manufacture capital growth through many ways such as renovation, redevelopment, refurbishment, etc. it is better than just to rely on the market to deliver capital growth. If you can get a property which can help you gain capital growth actively then you shouldn’t miss the chance.
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What You Need to Know When Staying at Canggu Villas

Canggu villas for rent! There are many best deals for villas available at good prices for your vacation. If you want to take a vacation and enjoy a calm atmosphere in a quiet environment, then Canggu is the right place. If it’s not jammed, you can reach Canggu from International Airport in 40 minutes. Canggu still reveals the true nature of Bali with its verdant rice fields. Visiting Canggu means that you can also play in the Seminyak area. Canggu villas are in great demand by foreign tourists, especially Australians. No wonder there are many international schools and clubs that stand to facilitate expat in the Canggu area.

Canggu Villas

Canggu Villas, A Royal Accommodation For A Great Vacation

If Seminyak is popular with its nightlife, then Canggu is better known for its many luxury accommodations such as resorts, or luxury villas. Canggu villas offer a variety of different views. Many of Canggu luxury villa Canggu Bali is traditional Balinese style with beautiful views of the beach, rice fields or gardens. The swimming pool facilities are definitely part of rented villas in Canggu. Although Canggu villas are equipped with traditional facilities but do not throw away the traditional Balinese side. This is what makes many foreign tourists and expats choose the Canggu area as their place of residence.

Many more advantages of the Canggu area that has attracted tourists. Canggu is a paradise for surfers, both beginners, and professionals. Many spots are perfect for everyone who wants to learn surfing. Great and spectacular waves on some beaches can spur adrenaline surfers. Deciding to stay at Canggu villas is right because Canggu is always the No. 1 destination for expats, surfers, and sunbathers.

There are many other advantages if you rent Canggu villas. It’s not difficult for you to find delicious food in Canggu. A lot of available restaurant with fresh seafood around Canggu Beachfront area. Canggu area cafes are the best for you to watch the sunset. It’s just that, make sure you arrive early to get the best table to enjoy the sunset. No need to walk far from Canggu villas to enjoy many of the best offerings.

If your holiday destination is a relaxing and calm holiday, then Canggu is the perfect area. Enjoying a holiday at Canggu villa with modern, complete and best facilities and a traditional rural atmosphere will make your holiday even greater. In the end, everyone knows that deciding to rent Canggu villas is the right and best decision to spoil yourself.

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Things to Do to Make Your Rehabbing Project Goes Smoothly

One of the most popular real estate investing is rehabbing. However, it is also one of the most stressful projects to handle by investors. Thus, it is not for every investor. What you always see on TV every morning or evening is not as simple and easy as it looks though. Rehabbing requires many works. Of course the return can be great as well if you manage to close the best deals. However, you still have to go through the rehabbing process in the first place before taking any other steps. Once you finish your rehab, you also need to examine if the result meets your expectation. Therefore, it is highly recommended to handle rehabbing project one by one instead of handling multiple projects.

Things to Do to Make Your Rehabbing Project Goes Smoothly

Things you should know before rehabbing

 

Rehabbing can be stressful for investors especially when they are lack of resources such as finance, information, plan, etc. Everything will result disappointingly if you cannot handle your rehab. In order to make everything right, you need a solid system in your real estate business. Thus, the results will be optimized. Here are things you should know to make your rehabbing goes smoothly:

  • In property business, the market plays important role no matter you if like it or not. The market in which your property is located has indeed direct impact on the work. In simple word, know what your market offers. Every market calls for different materials so you cannot just make a guess and generalize it. If you do, you will only waste your money and time. If you know what they really want and prefer, it is easier for you to decide what amenities to add to your property so that it will attract more potential renters and buyers.
  • Real estate business relies heavily on number. Thus, you cannot be careless with your number. For every rehab, it holds huge factor. The number should if you want successful investing for your rehab. Rehab budget is one of the most stressful things to deal with because you need to set the right number to it. The key is to set realistic budget. It may sound critical but to make it easier you can start with repair value. Your repair and upgrade can improve the value but it still relies on the market value as well. Don’t be in a rush to deal with rehab budget to make sure everything is right.
  • Rehabbing means you need to hire contractor. Thus, you need to find the right contractor that is not only the best in their work but also on the same page with you. Make sure to discuss everything in details before letting them do any work. You need to explain your vision of the property and say what your goals are. Misunderstanding due to lack of communication often happens but you can prevent it by discussing every aspect of the rehabbing process in details. Don’t hesitate to discuss about budget for the rehabbing as well since it is important issue.

 

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Finding the Best Flip Deals for Your Next Investing

Finding deal is not always ideal. Some investors find it hard and others find it pretty easy. There are always risks of what kind of strategy used to find deals started from potentially damaging to invaluable and priceless.

When you are trying to find the best tips to find deals, there are many of them because every investor may use different strategy. However, there is always key point of to do it successfully.

You need to do your due diligence properly. If you have self-discipline to do your due diligence without even complaining, the chance to get the best deal is higher.

How to find the best flip deals

How to find best flip deals

In the market, there are always good flip you can find. However, you do not always know how to find them properly. You don’t have to be afraid to think and act out of the box. If you just wait your realtor, it won’t get you anywhere.

It may be too late when it gets to you. Thus, being proactive is necessary in finding flip deals. Below are steps you need to take to find the bet flip deals. Read them all.

First thing first, always find motivated sellers. If you target the wrong people, you will only find the wrong deals. Thus, try targeting vacant properties or sellers who are late on their mortgage. They will have the urgency to sell their property without thinking much.

They will try to close the deal as quick as possible to deal with their problem. This is the same when you target vacant properties. If you see vacant properties with overgrown grass as one of indicators, try to find a contact for the owner. The next thing is to get the ball rolling.

Next thing to do is to not get embarrassed easily. Developing thick skin is necessary when you are trying to find flip deals. Sometimes you will face rejection. If you give up after one rejection or two, you won’t go anywhere.

You need to find homeowners as many as possible since it can increase the chance for you to find the best deal. Things are usually easier when you have passed initial rejection.

Don’t get too satisfied of what you have achieved so far. You need to keep your pipeline filled so that you can achieve success for your real estate investing business.

You need to be consistent in keeping your pipeline filled. You can purposely allocate certain amount of your time every day. You can also do it once or twice a week to find new deals. Thus, it will be easier for you to move on to another deal if the previous doesn’t work.

Be decisive and don’t be afraid to make an offer that you are comfortable with. If they are not up to your offer and reject it, then you can move on.

Making reasonable offer is a must because real estate is largely about leverage. Thus, make your reasonable offer since you don’t know yet what the seller will say unless you try.

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How to Stage Living Room to Prepare for Home Selling

A living room is one of the most important places, if not the most important to stage when you decide stage your home. A spacey, airy room may not show its potential simply because it’s empty. No potential homebuyers prefer looking at an empty room compared to a beautiful, fully-furnished room. And your living room’s appearance is central to help sell your house.

References can get you a long way

Even home-staging professionals still use references from time to time to do their work. So why shouldn’t you? It’s important to remember when browsing for references, adjust them with your very own living room’s properties. Furnitures, colors, accessories—one of the best ways to coordinate them is to make optimal use of references.

Study your living room

What is the shape of your living room? Where can you possibly give the focal point that help define your living room? How can you layout your living room well? It’s important to take in the size, the layout, as well as the overall features of your living room in order to design and eventually stage your interior to the best of its potentials. Get rid of small, miscellaneous furniture’s such as a side coffee table especially if you have a rather small space.

Creatively use “focal point”

You’ve probably heard the term thrown around in a real estate. Focal point is the feature of the room that is essentially intended as the “focus”. Something that deliberately catches your eyes when you’re strolling into a room. Focal points can be anything that ranges from a fireplace to an indoor plant. The use of focal point in home staging is integral. Especially in the case with staging a living room, a central space for the inhabitants as well as guests to interact and be social. Consider the function of the living room—if you often entertain guests, then arranging the sofas in such a way and granting the focal point to the fireplace can be a good idea.

Free up your living room space

In other words, clean up and declutter! It’s the first thing you needed to do when you’re actually getting down to it. Cleaning up before you actually start planning and/or designing your living room space may also help tremendously with the designing bits! You’ll have a fresh canvas to start from—and it’s far easier to start ‘designing’ your property’s interior when you have a sufficient space to start with.

Is your personal touch too personal?

Your home is the space you live in, and making it close and personal for you by adding your very own touch may be something important for you. However, remember that your preference may not be somebody else’s. A lot of people may get put off by the stark orange paint you decide to put on your living room of all places. The same thing applies to furnitures and certain accessories. Professional home stagers generally opt for neutrals. “Greige”, taupe, ivory, as well as some of the earth shades—you name it. They’re the ideal options for home selling. They’re classic, timeless, highly versatile, and they appeal to the largest audience of potential homebuyers.

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Is it Really a Good Investment to Stage Your Property?

The process of home staging can get expensive. A lot of home sellers are weighing down pros an cons whether they should hire a stager or not. Generally, home staging is going to drive more value to your house and make it so much more appealing to your potential buyers. But how do you determine whether homesteading is for you?

Investment to stage property

Real estate is a competitive market

Homebuyers begin their search on the internet. Today, looking for a house to buy is simply several clicks away. Information on various properties is readily available and easily accessible.

This also means that competitions can get steamy. Staging your property would make it more distinct and it can even lead your potential homebuyers to feel more personal because they are able to imagine themselves living in it—instead of in a series of empty rooms.

Consider your budget

If a lot of your expenses has gone or you know it’s going to go to fixing and repairs of your property, then home staging may seem to be faraway goal for you.

Chose a virtual home-staging instead. It is a much more affordable option for you.

It’s a good method to at least get the best pictures of your property in the MLS. Each picture is priced around $50 – $100 on average, which is going to be so much more affordable compared to the traditional home staging that cost at least a dozen time more.

However, do note that nothing beats a home tour where you get up close and personal and can roam inside the house.

Average expenses spent on home staging

It’s been said that sellers often spend an average of $1,700 – $2,000 in staging their property. The price of a home staging can greatly vary from one service provider to another.

A lot of home stagers are independent and doing it client-based. Home staging is a competitive business as you don’t need any certifications and virtually anyone can start offering the service.

Prices can vary a lot depending on locations and the type of the house you want to stage as well. If you’re hiring an agent, then you should ask whether they provide the home staging service or not.

A lot of agents do.

And you can rest your worries on finding a home stager after finding an agent. It may be more convenient for you. If you already have a certain home stager

It does pay to stage

According to some stagers, the investment in staging your property does pay them back. The yields vary according to various factors.

Your location, how big your house is, the type of your house, as well as the current “temperature” of the market are all factors in the return yield. However it’s been estimated by some home stagers that approximately 7 to 9 percent higher compared to a non-staged home.

Staged homes sold faster

One of the vibrant perks of staging your property. It’s been estimated that staged homes sell multiple times faster compared to houses that are not staged.

According to a report by National Association of Realtors that you can find in the NAR website, staged homes has seen a rather significant decrease of the Days on Market number in the MLS.

Some homebuyers care a lot about the DOM indication. As a rule of thumb, higher the number, the more undesirable a property is. It may be because of certain problems or things unforeseen by the homebuyers themselves.

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Do You Need The Video Shooting Services In Bali?

Video is now has becoming one of the popular media format to gain more customers for businesses. It can be viral in a second and also the great way to make the business customers seeing clearly about your products and services and everything you’d like to show them. If you are in Bali now and build your own accommodation business, it will be great if you are using the video as one of your promotion materials. But if you don’t know much about how to make a great videos, then you will need a help from the video shooting services in Bali. That’s exactly what I am going to tell you.

Video shooting Bali and editing services for business

Business and property (products) and services should be promoted using various media. And you can make the video as one of them. Who knows it can be the best media ever that is really help your business. Even if producing video is not easy, you still have to think that your business needs it.

It doesn’t matter where the video will be finished, you still must included it as one of your promotion or marketing strategy. How many times you were logging in to your Facebook and video ads are appearing in your feed?

Video shooting services in Bali

There are a number of some good video production services in Bali, but you don’t have to visit them all since you may will only need one as usual.

Bali is truly a perfect picture island for me and video shooting Bali services to produce many beautiful videos can be seen easily. Whether you have a villa, hotel, selling souvenirs, serving foods and drinks, you have to find the great video production services to make your business even better.

One stop and the only place that will be my main recommendation for that purpose is to consult about your business needs with the digital agency that is usually called as the digital marketing team. And the agency should has also the video shooting Bali team and its editor.

So that, one of the offices that meets several above requirements is that Kesato & Co—an agency that can helps you with the video shooting Bali to make your great business videos for any purposes.

Just to be honest with your business needs! Whether it can be the for the lifestyle showreel, event, corporate or even advertisements. The agency have a proven track records to create them all without any doubts. Big chances that you will really love the masterpiece videos they have made.

Feel free to click the above link to visit the site and see some of the previous videos the agency had been made.

For your information, you can’t only get the video shooting Bali services but the editing processes that most of the times will be the hardest parts are also offered. I am sure that it will be as one package. But if you need more information about that, talk directly to the agency about what you will need from a video for your business or lifestyle, and then see how affordable you will be paid for the professional videos.

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