Category Archives: Business & Property

Disadvantages When Investors Don’t Hire Buyer’s Agent

Investing in property means there are many challenges you need to deal with. You also need proper information of everything related to your investing. However, it is impossible to rely on yourself especially in buying property for investment. Thus, most experienced investors trust buyer’s agent to work with. They have essential information you need to consider your decision making. Of course, being independent is beneficial as well. However, not in this matter. To be successful in property investing means you need to work with other people and trust their skills to help you reach your goal.

Disadvantages When Investors Don’t Hire Buyer’s Agent

Possible bad things happen when you don’t hire buyer’s agent

There are many advantages when you work with skillful and trusted people especially in property investing. Contractors, attorneys, seller/buyer’s agents, and others are necessary for your property investing as they are valuable source of information you can get. As an investor, hiring professional buyer’s agent is beneficial as you will gain valuable information for your investing and decision making. Here are bad things possible happen when you don’t hire them:

Lack of confidence

First reason is because you are lack of information you need to make decision and negotiation. Since you don’t really know the market, you don’t really know what to do to make the best deal. In the other hand, buyer’s agent is professional and independent negotiator that knows basic information about the local market. Thus, they can work on behalf on you.

Wasting your time

You can work alone in property investing. However, for how long you are going to waste your time doing research, investigation, inspection, and every due diligence alone? It is highly possible that you miss great chance while wasting time working all alone. Meanwhile, you will do everything efficiently if you rely on buyer’s agent since they already know the information and everything related to the local market.

Bad decision due to emotion

Property investing is about logic. If you make decision from personal feeling, the possibility of making it bad is very high. Meanwhile, buyer’s agent will start their work not from their felling but from goal and long term plan. They will make unbiased opinion and input. Thus, you will be able to gather more information to make the right decision.

You don’t know what comes next

Next disadvantage you possibly get when you, as an investor, don’t hire buyer’s agent in buying property is that you don’t know what comes next. Of course, nobody knows what comes next in their life. However, with professional and experienced buyer’s agent you will be able to ask for recommendation of the right contacts for your investing. Thus, you know what to do or where to go after buying the property. However, make sure to choose professional, independent, and reliable buyer’s agent because not all of them are equal.

 

Buying Property Strategically to Make Valuable Investment

Buying property is always both exciting and thrilling because it is your investment and you should make right decision. Choosing the right property to buy for investment should be done strategically or else your money will only go to waste. Your hard-earning money should be invested into something valuable and profitable. Thus, you gain your benefit.

Things to do in buying property for valuable investment

The principle of buying property for investment is to buy the right property at the right price in the right location. Of course, it is easier said than done. Even though it sounds easy to just buy, you need to do your own due diligence and choose carefully.

Things to do in buying property for valuable investment

Your property is your asset. There is no doubt about that. That’s why it is challenging to find the right one. Price is often the most hassle to tackle down.

Lots of people misunderstand the concept of ‘the right price’ and refers it to ‘cheap priced property.’

However, buying the right property at the right price doesn’t mean you only should buy a property at low price. You should buy a property that worth the money as valuable investment. Here are things to do to make you easier in buying property:

  1. Firstly, you need to decide your goal especially the long term one. The goal you set will help you decide what kind of property you should buy as investment. If you don’t know what your goal is, you will most likely getting lost before making any profit.
  2. Next thing to do is to sort out your budget. You need to decide how much you are willing to pay for a property. You also need to decide the source for initial cost. Deciding the nominal of money you can afford will help your search of property.
  3. Finding the right source of money is also necessary. If you are not going to use your own saving then you must find the right lenders. You may need mortgage broker to give you the best loan structure.
  4. Next thing to do is to do your own research of property market. The most important part in searching property is location. Buying the right property at the right location will help you a lot to avoid failed investing. Upon researching, you need to find out more about the local economy, infrastructure, public amenities, etc.
  5. Choose location of property which is high in demand. This is how you define the right property. Make sure that the strong demands come from wide range of people. Make sure to choose property that appeals to owners occupiers as well and not only tenants.
  6. Be more active and thorough in doing your due diligence while searching for the right property. It will be helpful to seek advice from professional. They will help you making better view of the entire process of property buying. It is even highly advisable to seek professional advice if you are going to buy property in huge scale and not only a single-family home.

Understanding More About Timeframe in Property Investing

Some people argue that staring property investing should be as early as possible and some other say that it is wise to wait until you are mature to make decision and financially steady.

Does age really matter in property investing? Is there expiry date to start investing in property? What happens if you invest in your 50s? Will it really affect the outcome when you think you are too old to invest?

Of course, it is easy to say that you are never too old for anything or that it is better late than never.

However, property business involves different parties which also has their own standard in making decision such as lenders, bank, and the industry itself.

Some people are afraid of being too late to invest and miss the boat of golden period of their property buying career.

How timeframe in property investing works

One important thing when it comes to property investing is to consider where you are financially now. You also need to know where you wish to be financially when you retire later.

Timeframe in property investing

Then, you also need to consider the timeframe which exist between now and then. Here is timeframe in property investing:

  • Investing in your 30s is good because you still have at least 30 years ahead to build your portfolio. You still have plenty of time to develop the right investment strategy to build your career. When your loan is getting slower, you can transition into the cash flow phase which benefits your income.
  • If you think you are too old to start investing in your 40s then you are wrong. You still have 20 years to make promising and profitable decision for your property investment. If you are in 40s now and have been thinking of investing in property then might as well start now.
  • When you consider investing in your 50s, you are not completely lost. Ideally, you have some property asset behind you at this age. However, you can still start investing as long as you have clear strategy. You also need to put ‘capital growth’ in your priority list more than anything.
  • Investing in your 60s can be challenging and risky. It is not impossible to start investing in this age. However, you may need to speak to professional property strategist because there are many factors to consider if you want your investment to be successful.
  • Investing when you are already a retiree is still possible. However, it may need to be done under certain circumstances. However, it will require more effort and convincing situation before a bank agree to give you loan you need for investing in property.
  • It is recommended to start investing in property as early as possible because then you have more time to grow. There is more flexibility to make mistake as well. Make sure to speak to professional and experts to get the right guidance of what to do. Applying the right strategy will also determine your success in investing.

How to Protect Your Property from Harsh Winter

During winter, the temperature is extremely low that it can cause damage to some parts of your property. Whether or not your property is vacant, you need to make sure it can survive throughout winter.

How to protect property on winter

Adjusting your property to every seasonal change is important to avoid unnecessary damage and expensive expense.

Protecting your investment is what you need to do as the owner so that the value of it won’t get lower. Of course, winter is not the only factor that can damage your property.

The location can also influence the level of risk of bursting pipes, etc.

Preventing your property from damage caused by winter

Protecting your investing from harsh winter should be done to both interior and exterior.

In fact, you need to go in details. Little mishaps may cost you thousands of dollars in repairs. By knowing how to protect your property properly, your property will survive during winter.

To help your plan goes smoothly, you need to make a checklist of what to do.

Thus, you won’t miss anything. Here are how you can protect your property from harsh weather during winter:

  1. It is recommended to shut off main water valve of your property, along with its water heater and pump. It is to prevent new supplies of water from coming in.
  2. You also need to open up all drain valves and taps. It is to flush out your water system. You should leave them open until the next season comes.
  3. Open drain valve and empty your hot water tank. You need to be careful doing this process because you need to deal with still hot water.
  4. Once the water drained out of your property’s plumbing both interior and exterior, you can blow out any excess water using air compressor.
  5. Your pipes are more vulnerable during winter so you need to prevent them from freezing. Make sure to find any crack thoroughly and seal it immediately with foam or caulking. Thus, cold air won’t be able to enter and cause your pipes to freeze.
  6. You also need to cover exposed pipes as well as hose bibs using insulation sleeves to protect them thoroughly.
  7. Next, make sure to open all interior faucets both hot and cold water. It includes shower, tub, sink.
  8. Your toilet is also needed to be flushed out to remove as much water as possible. Use rags to soak in any excess water if necessary.
  9. Any of your appliances using water need to be drained. It includes laundry washer, dishwasher, water filter, and refrigerator.
  10. Once all drained, you can start applying antifreeze. Make sure to pour the antifreeze slowly so the existing water can be pushed into drain pipes altogether. Finish applying antifreeze, flush down the tank to remove any remaining water.
  11. You can also prevent your pipes from freezing due to extreme temperature during winter using additional heat source. If you find any vent that leads outside, make sure to cover them properly with cardboard or wood.

Things To DO to Become Real Estate Developer

There are various career paths in real estate industry that you can choose. Even if you choose certain career path, you still can change to another one in the future. There is always chance for you to expand your career in this industry. One of the most exciting career paths is real estate development. In this field, real estate developers are the one who handle real estate development projects whether residential or commercial purpose. It has also broad range started from a single-family home to industrial scale. Real estate developers are the right career path for those who have passion in the process of buying and selling properties.

How to become real estate developer?

In this industry, real estate developers come from various backgrounds and disciplines. They choose various fields as the initial stage of their career. Being real estate developers means you have to handle the development as well as redevelopment of properties. Started from planning to finish the project, you are in charge. Even though real estate developers can work in various projects, most of them work mostly on commercial real estate projects. It includes office, retails spaces to residential properties. They also work on travel and leisure development. What you need to do and have to become real estate developer?

  • The first thing you need to think of to become real estate developers is to possess the right traits required by the profession. And the most important thing is to gain experience in real estate industry so that you know the ins and outs well. There is no traditional education required if you want to become real estate developer. Experience will help understanding more about risks and obstacles. Thus, you will be able to make the right decision to the development projects. That’s why real estate developers star their career from various fields. Some of them choose real estate agent as their initial career path and others choose as entrepreneurs.
  • It is important to grow solid foundation since the beginning of your career if you aim to become professional real estate developers. There are many things to learn in real estate industry. What you learn will help you to avoid mistake so that you can successfully finish the project. Remember that real estate industry relies more on number and facts. Network is also important point if you want to become real estate developer. With this profession, you are required to work with partners such as architect, financial planner, contractor, etc. You will need other’s talents to build solid team to tackle down your projects. Thus, you need to develop your communication and social skills.
  • To become real estate developers, you need to possess research and analytical abilities. It is because you will need to spend hours researching the market to find any opportunities as well as minimize the risks. Analytical skills will help you to make solid plan for your projects. This will help you making wise decision to the development projects. You also need to have positive traits such as creative, patient, and passionate.

To the Depth of Komodo Island Trip: Flores Most Remote Villages

The homeland of Komodo dragons, Komodo National Park, have charmed many travelers to go off the beaten path for the sake of enjoying its rare, natural wonders. Ever since its rise as one of the New 7 Wonders of the World, travelers has long been taking turns to walk with the dragons, stalking Komodo’s pink beaches, and taking breathtaking pictures in the national park’s vast savannah fields. Island excursion becomes tourists’ favorites among anything else. Little did they know that, behind the gorgeously arid islands, lies hidden traditional villages that are wonderfully preserved against the stride of time. Most of the time, however, tour to these villages are not featured on most Komodo island trip, which mainly covers Komodo islands and several small islands and diving sites around it. But if you have enough time to travel around Flores, these traditional villages are totally worth a visit. They are all centuries old, exclusive, and absolutely one of a kind.

Today, we are going to take you into a mini tour to Flores hidden villages that just happened to slip from time. 

Komodo Island Trip to Flores’ Three Top Preserved Villages

 

The Top of Mountain: Wae Rebo Village

Komodo Island Trip to Flores' Three Top Preserved Villages 
Wae Rebo village via Hello Flores

This UNESCO Awardee of Top Award of Excellence is probably the only one in the world. The little village sits in a valley, rising up to 1,100 me above sea level, with peaky mountain surrounding the area. Thin fogs always casually hang around the village, giving off slightly cool, dim, with a touch of mysterious vibes to the village. Above everything else, however, what gives We Rebo a distinct characteristics are perhaps the brown, pointed conical houses that entirely covered with thatched roofs. They look like giant party hats punctuating Wae Rebo’s foggy hills. That’s the Mbaru Niang houses. Build on seven tall bamboo skeleton, this village is made up of approximately seven cone houses sitting in semi circle in an open fields.

Wae Rebo villagers go through a simple life every day. The daylight are spent to farm coffee beans in their humble plantation, while women cooks and made Ikat. Night rolls as the sky dimmed, leaving a serene night with warm cup of freshly brewed coffee and a sky full of stars. And without internet signals, Wae Rebo is a perfect place for city dwellers to get a quick digital detox and get reflective. A lot of Komodo island trip passengers gains new insight of things they usually took for granted with a new dash of values upon their visit to Wae Rebo.

Stuck in Megalithic: The Bena Village

Komodo Island Trip to Flores' Three Top Preserved Villages 
Bena Village via Hello Flores

Bena is porobably the most famous and most visited traditional village among all. Located right at the foot of Mount inerie, Ngada district, Bena consist of two parallel lines of huts with triangle-shaped thatched roofs, surrounding a pair of stone shrine in the center. These megalithic formation served as a sacred site for the villagers to enter the supernatural realm and connect with their ancestor. Ancestral spirits holds an important position among villagers and are often sought for a blessing. Been is one of the most popular Komodo island trip destination in mainland Flores. It’s a great place to look back at pure megalithic tradition that stand strong against the wave of modernism.

The Colourful Manggarian Tribe: Melo Village

Komodo Island Trip to Flores' Three Top Preserved Villages 
Melo Village via Florestourism

One of Flores’s best preserved traditional village, Melo, is popular for the infamous Caci dance performance. Located just 1 hour from Labuan Bajo, Melo village is everything about color and vigor. They love to welcome visitors with energetic welcoming ceremony which involve loud whipping and agile defend. Among all traditional village in Flores, Melo is probably the most adaptative ancient village to modern tourism without being a tourist traps. They have a tourist headquarter called the “Panorama”, where you can immersed on layers of breathtaking landscape of Flores—which get even more magical near dusks. The Panorama was built for a place to unwind from a long Komodo island trip, sipping some coffee or sopi (Melo’s traditional liquor), and a place to spend the night with some donations.

5 Advantages of Using Personal Finance Software

Real estate business opens more opportunities to gain financial freedom. Comes with it, real estate business also means you have your own financial goals that need to be achieved. Moreover, this business is about game number. Without proper number and exact fact, it is hard to grow it bigger.

It is informed and supported by facts after all not feeling or just plain intuition. Therefore, it is also unavoidable to take a look more on your financial situation through your personal finance. It is important that you run financial health when running your business. You can do it by tracking, monitoring, as well as planning your financial especially on regular basis.

5 Benefits of using personal finance software for your real estate business

Benefits of using personal finance software for real estate business

As mentioned earlier that fact and number are important source for real estate business. Thus, managing your finance should be done properly. However, it is not only about maintaining your financial health but also about how to do it in savvy and efficient manner.

One of the most obvious things is to rely on high technology using personal finance software. With it, you manage your finance smartly and efficiently. Here are advantages you can gain by using personal finance software:

  1. It is easier for you to compare growth of your business year to year. By comparing, you can analyze thoroughly and properly the overall situation of your business in wider views. Thus, you have better view of what could be done to grow your business bigger. It is also easier for you to find flaws of the past year of your business.
  2. You cash flow needs to be balance if it’s not profiting. You have to keep your cash in a healthy flow to make sure that your business can stand steadily. Cash flow is important element in any kind of business, especially real estate business. Between earning and spending money, you need to make sure both are flowing smoothly.
  3. By using personal finance software, it will be easier for you to make evaluation about your finance strategies. No matter how meticulous and skillful you are in handling finance, there is always risk for a mishap or a slip up. Aside from your own calculation, the software you use may give you better view of what’s happening to your finance. Thus, you can see what went wrong and what you will do to make it improvise.
  4. Personal finance software also allows you to analyze your investment. It is important to know whether or not your investment is going to work. You can only rely on the facts and numbers. In this matter, personal finance software helps you to run precise calculation with the number.
  5. Using personal finance software also will make you easier to track your due dates and payments for ongoing bills. With tight schedule and multiple projects you are handling, it is easy to forget your due diligence such as paying bills. However, you can set a date using personal finance software to set a date and remind you of your responsibility to pay the bills on time.

Why Your Business Marketing Need The Graphic Designer?

Today, I think that the collaboration between the creative works by the graphic designers with the business owners seems to be entering the new phase. It has been running for years that if you want to market all of the products or services of a business, then you won’t really forget about how to do it creatively. That’s how the smart people are doing.

It is not a secret anymore where many of the business owners are putting aside the budget for hiring the graphic designers to make their marketing medias powerful, effective and also creative at the same time. A great logo or a beautiful package may seems to be an ordinary staff for many, but for the customers, they are attracted by that.

Why business marketing need the graphic designer?

The better the design of a product, the more customers will be interested. So with all of the marketing campaign tools. Your business will need a great designed banner, brochure, social media ads images, packaging and many more.

If there still many people are thinking that “don’t judge a book by its cover,” mostly it won’t be applied in this case. When you are talking about the marketing, then all of the things can be considered as important. Your products need to be seen, people have to come closer to the product in the first sight and then decided whether they have to buy it or not.

Imagine that you have made a great product, don’t you think that most of the people should know about it rather than your competitors? And to do that, you have to run at least an effective marketing campaign which you can starts it by providing the great designs related to your product.

“Love at the first sight,” that’s what your target is. The customers should have been falling in love to what they are seeing even though they don’t know much about it. Their curiosity will guide them to you and ask you about what’s your products are about. What the benefits they can get and why they have to get the products from you, not the others. All of those conversations can be possibly started by using the creative designs from the graphic designer you have hired before.

A great design of a product is also has its own uniqueness. Your products or even the campaigns can’t be the same with the others. You will really stand apart with your competitors and are possible to make the differentiate with them. The more unique and creative of the designs, your product will stands out of the crowd.

A service like Bali graphic designer can really help you with that. Even when you need to design your company profile, website, or your business’s annual report, etc. You can rely your need to the service. Especially when you are thinking about the best effective design works to introduce and enhance your business’s brand, the graphic designer team is very reliable.

There are a variety of graphic designers out there that you can work with to help you with the marketing the business. It is better to invest in a great designer team since your business should be taken seriously.

Effective Strategies for Negotiating with Banks

Negotiation skill is needed when it comes to running real estate business. It is a basic need for running any type of business actually. Thus, you don’t have a choice except learning how to negotiate efficiently and effectively. Negotiation involves different parties. It can be between you and your client, you and our partner, or you and the bank. For the latter, you may need different approach in negotiating. Negotiating with banks is more different than buying from a traditional seller. Aside from using the right strategies, you also need to have great patience and persistence on your side.

Effective Strategies for Negotiating with Banks

How to negotiate with banks effectively

You need to remember that even solid looking deals don’t guarantee of successful negotiation. It has risk of falling apart due to many reasons. Thus, what you have to do is learn to improve so you have better chance in the next negotiation. Here are some useful tips for successful negotiation with banks:

  • The first keyword in negotiation is to leave happy for both parties. Give and take is what you need to keep in mind when it comes to negotiation. Different from traditional sellers, you will need more time in giving and taking. Banks are driven from bottom line without having years of history to the property they own. Thus, it is not easy to break their determination. You will have to predetermine purchase number so you know where you stand. You can also offer a quick, cash closing since it what the bank prefer the most.
  • It is not over until it’s over. Thus, there will always be space to lurking in and get potential deals with banks. Even last minute can make a difference. The deal is only closed once you sign your name at the closing table. To go through all this, you need to see all process to completion. You have to be organized and keep all pertinent documents so you can easily retrieve them when needed. There is always reason for bank to reconsider a deal.
  • Don’t rely on one potential deal. It is highly suggested that you pursue other deals as well. Thus, you still have other options when your current offer falls out. With a full pipeline, it will be easier for you to reboot and recover from the loss. Finding new deals in short time is not easy. It may take months or more. Thus, you need to keep the pipeline full to keep moving forward when one thing doesn’t go your way.
  • The most challenging hurdle is communication. Talking to them face to face is a different challenge. The next most challenging hurdle is getting them all of the required items they are asking for. There are many things you should do at once. Besides, there is no rhyme whatsoever for bank to close the deal. Sometimes they just choose based on the highest price or for something else. Thus, you need to focus more on how to get the next deal instead of sulking over the lost one.

 

Things to Do When Your Property Doesn’t Catch Buyer’s Attention

Running business is not easy because there is chance for you to either success or fail. However, even success cannot be achieved overnight. It is important to be patience as well as persistence when it comes to real estate business. For example, you have done all the things in your list to finish your rehab. However, it isn’t selling no matter how much you focus on advertising it. In the end, you don’t earn the profit you expected. Failing at the first attempt to sell your property is common between real estate investors. You are not giving up on the first trial because you still have other ways to try.

Things to Do When Your Property Doesn't Catch Buyer's Attention

Things to do when your property isn’t selling

 

There are various reactions from investors when they face failure in selling their property. Some of them reduce the price while others just give up. Instead of jumping blindly to reduce the price, here are things you can do to make up for it:

The first thing you can do is reevaluate your advertising. It is often that most investors choose traditional ways in advertising their property. It is not wrong but it makes your business less effective in gaining profit. It is highly advised to be more flexible in choosing the method of advertising. Instead of sticking to traditional method, you may try social media platforms to get through today’s market. Through social media, you will have clear number of showing which can indicate of how well your advertising is going.

Next thing to do is to upgrade. It is true that most buyers pay more attention to the price. They like it cheap and nice. However, buyers also care about the quality. Thus, you can start with minor upgrades to meet buyer’s expectation of quality property. You may have skipped important point of the property that you previously think it is unimportant. In this case, you need to have buyer’s point of view. You need to think what the buyers need for comfortable living. The simplest thing is to upgrade the exterior to create first impression.

You can also consider staging to gain buyer’s attention. Remember that in order to make money, you have to spend money. Staging means you need to spend money for adding furniture and other items that can make your property look more presentable and livable. Choose staging style that can generate a buyer. To make the right move in staging, you need to know who you are marketing to. Therefore, you can apply the right staging style.

Next thing you can do is to be more open-minded and get a second opinion. Even if you think that you have made everything perfect for your property, there must be a problem in there if you can’t sell it yet. Thus, you may seek out a second opinion to gain more honest feedback. Make sure to take important points from the feedback to make necessary changes which can help you to sell your property successfully this time.