Real Estate Expert Nick Statman shares Property Management Tips for Entrepreneurs.
If you’re an entrepreneur, you’re no stranger to hard work. You know there is so much work that is done behind the scenes that leads to both personal and professional success. Entrepreneurs are also always looking for ways to work smarter, not harder, which is why many gravitate toward property investment.
Part of passive and profitable property investment is understanding property management. …
As you start your search for your next investment property, you may be wondering what exactly it is that you’re looking for. How can you tell if a property is going to make you money? How can you assess the risk and make an informed and confident decision? Many new investors are surprised to learn that many of the things that make a profitable rental property aren’t physical features of the property at all.
Below is a checklist of the top five features of a profitable rental property. …
They say investing in property is a great way to earn passive income, but that’s not to say that being a landlord is easy. There are many issues and responsibilities that landlords have to be aware of simultaneously, and one of those things is tracking expenses. While renting out property can be a great way to earn money, it also costs money to do so successfully.
If you’re trying to put together an accurate budget for your investment property, keep this list of rental property expenses in mind:
Closing Costs
When you buy a property, you are responsible for all…
Wouldn’t it be nice if we all had unlimited funds to repair and renovate our investment properties like they do in those home and garden TV shows? Imagine being able to spend an extraordinary amount of money to update every aspect of the home, dramatically improve the home value, and walk about with a substantial profit.
We can dream, right?
In reality, most property inventors are working with a limited budget. They need to find creative ways to improve the value of the home while not spending a fortune. So how can you renovate a rental property on a budget…
Property Expert Nick Statman weighs in on Avoiding home modernisation mistakes.
We all want our investment properties to look their best. We want to make upgrades and improvements that not only improve the aesthetics of the home but also increase its value. Improving your property can be helpful to maximize ROI, but over-improving could cost you.
What Is Overimproving?
Over-improving occurs when you put more money into a home than you’ll be able to get out of it. Improvements, amenities, and upgrades play just a small role in the value of your home. You can put thousands of pounds worth of upgrades into…
Some of the biggest questions that property investors ask when deciding on an investment property relate to ROI, or their return on investment. Your ROI is what you can expect to earn on a specific investment property. Understanding how to calculate the ROI on a rental property will help you determine if an investment is right for your situation and specific financial goals.
Let’s say you buy a home for £100,000.
You spend £10,000 on maintenance, repairs, and renovations.
Therefore a total of £110,000.
Every month, your tenant pays you £1,000 for the rent (or £12,000 a year.)
You also…
Property Expert Nick Statman shares his best advices on Selling Properties.
Property investment is all about timing. In order to be successful, you must learn how to buy at the right time, invest at the right time, and sell at the right time. This is a skill that for some property investors can take years to master. There is a fine line between analysis, paralysis and jumping into action. For most, learning how to properly time your investment strategy happens through trial and error. …
Nicholas Statman shares the list of Top 5 Richest Real Estate Tycoons in the World.
Experienced Property Expert Nicholas Statman shares his experience on how to successfully sale your home at your desired price point.
You’ve done everything just as you’re supposed to: You deep cleaned your home, you’ve staged it with precision. You’ve compared your property to others in the area to come up with a price that seems fair. You’ve done the marketing and advertising, and you’ve been patient. And still nothing. There’s no movement on the sale of your home and you’re not sure why. This is a frustrating and common experience for homeowners, but all is not lost. …
Millennials, individuals born between 1981 and 1996, have been labeled as a lot of things. Entitled, entrepreneurial, tech-savvy, open-minded, and selfie-obsessed, to name a few. They’ve also been labeled the generation of renters. But research shows that millennials are making up a significant part of the property buyer’s market.
If you are selling your home, it is important that you market to this particular generation of buyers. Here are ten home upgrades that will attract millennial buyers:
If you are selling your home, it is important that you market to this particular generation of buyers. …
