Archive | September, 2013

Role And Responsibility Of Property Management Companies

27 Sep

Building successful communities for more than 30 years, Associa is North America’s largest community association management firm and serves its clients with local knowledge, national resources and comprehensive expertise. Based in Dallas, Associa and its 8,000 employees operate more than 150 branch offices in the United States, Mexico and Canada. You can also find them on Facebook, follow them on Twitter, LinkedIn and Pinterest, and watch them on YouTube.

This is a far cry from what Americans considered sufficient in the 1950s. According to the Census Bureau, the average size of a house has more than doubled to 2,349 square feet from 983 back then. My parents’ dream house had only two bedrooms–my sister and I shared, and I think we survived the trauma–and one bathroom. Maybe I am blinded by nostalgia, but I don’t remember any fights over the shower or the tub.

Mutual Property Management

Today we are discussing a somewhat advanced strategy for you to use after you have been in the creative real estate investing business for a while. I call this “Rehab, Refinance, and Cash Out”. This strategy can lead to true long term wealth and financial independence. This works very well in a buyers market like Memphis where prices have been quite flat for some time. You need to use this to augment your wholesaling for immediate income and retailing for bigger short term profits. Rehab, Refinance and Cash Out is a long term wealth building strategy and will be something you will be glad you did as it is a long term buy and hold strategy, and those are the strategies that lead to true wealth accumulation and financial independence.

Proprietor of Belvoir Liverpool West Derby Adam Rastall agrees. “Evicting a tenant can be a difficult and long process so having a reputable agent help you can make it easier, he says. “There are several ways to evict a tenant and this depends on the reasons why you want to evict them – some landlords may just want their property back or the tenant may have fallen into arrears, which is one of the most common reasons why a landlord would want to evict a tenant.

“As an example the first steps would usually be to put in place a Section 21 Notice which is a two-month Notice in line with the Housing Act. Thereafter a Section 8 Notice is served and a court date is awaited.

The VMO actively works with the program management office (PMO) to coordinate the delivery and capabilities of multiple vendors, not only sourcing providers but also software, hardware and other technology suppliers. This involves intellectual Mutual Property Management, invoice/payment management and audits, discretionary pool /ARC/RRC management, and service audits. Senior executives are most interested in the financial results of the sourcing initiative, therefore, the VMO must include individuals with the business savvy to provide regular financial performance updates that spell out performance against the original business case.

“A lot of landlords are busy professional people with little time to spare, says proprietor of Belvoir Southend-on-Sea Wayne Mearns. “Many want more time with their families and find it increasingly difficult to juggle their lives, jobs and rental property.

“There are various professional bodies where a landlord can access this information, such as the NLA, NALS, ARLA and the Property Ombudsman, says Zoe Bywater. “Also, during our appraisal we would detail all the landlords responsibilities and provide the supporting information within our Landlord Information Pack. At Belvoir we also regularly update our landlords on any changes to legislation, via newsletters and email updates.

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Putin Says Syria Violence Could Hit Ex-soviet Bloc

24 Sep

Russian President Vladimir Putin takes part in a meeting of leaders of the Collective Security Treaty Organisation (CSTO) in Sochi September 23, 2013. REUTERS/Alexey Druzhinin/RIA Novosti/Kremlin

BORDER ASSISTANCE Reiterating concerns violence could spread to former Soviet Central Asia and Russia after the pullout of most foreign combat troops from Afghanistan by the end of 2014, he said CSTO nations agreed to draft a plan to protect the border.

For the original version including any supplementary images or video, visit http://www.reuters.com/article/2013/09/23/us-syria-crisis-russia-militancy-idUSBRE98M0M320130923

Obama Is Threading the Needle on Syria and Iran

and the West.

For the original version including any supplementary images or video, visit http://www.huffingtonpost.com/ian-reifowitz/obama-is-threading-the-needle_b_3975561.html

Syrian War Crimes Should Go To International Criminal Court

20 Sep

For Erdogan, Syria war worsens problems at home

This is a relatively young institution and, to be successful, it needs as broad a membership as possible and, in the case of nonmembers, the mandate of the Security Council.

For the original version including any supplementary images or video, visit http://www.washingtonpost.com/opinions/syrian-war-crimes-should-go-to-international-criminal-court/2013/09/18/7a4f55e6-1f00-11e3-9ad0-96244100e647_story.html

Picture taken September 11, 2013.

For the original version including any supplementary images or video, visit http://gulfnews.com/news/region/syria/for-erdogan-syria-war-worsens-problems-at-home-1.1233399

Why Use A Property Manager

20 Sep

Major Mahil proprietor of Belvoir Birmingham Central explains further. “A good lettings agent can guide a landlord through the eviction process by giving them step-by-step advice on the legal process, which must be followed and adhered to in the correct manner, he says. “If it isnt there can be many problems, such as non-compliance, and the courts can throw out the case.

One of the needs of Property Management Troy MI is that they will enforce all of the rules of the association. This includes any type of regulation, and can even include enforcing architectural review violations that some people may commit. Another important need of this type of service is safety. Having a management company will ensure that there is emergency services that can be contacted for any type of need, at any given time of the day or night. This will keep association members and homeowners at need because everyone’s safety is kept in mind. Even the hiring of security can be worked through the management company.

property management

If, however, the equity in the rental property is used as security for an additional loan – a second mortgage, for example – then the taxpayer must look to how the proceeds of that loan are used to determine interest deductibility. If the proceeds are used for a car loan or to finance a child’s education, for example, then the interest is nondeductible personal interest. If the proceeds are used to improve the rental property, the interest is deductible.

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When performing such an evaluation, a cashflow investor will typically look for a GRM near 100 to find a property with positive cashflow. This method can also be easily adapted to calculate the breakeven point where an owner/occupant would break even compared to renting. Considering the full cost of ownership, including those costs often ignored, the price-to-rent ratio and Gross Rent Multiplier is lower than most think. The GRM is a convenient measure of value because it spares you the toil of performing the above, detailed calculation to evaluate a large number of properties.

Select a VMO leader with the right competencies and skills. The VMO leader must be armed with the ability to coordinate and communicate across many constituencies on both the client and the vendor sides. This means navigating through both the written and unwritten rules of engagement.

“There are many reasons why a landlord may need to start eviction proceedings, all covered by the Housing Act, says Zoe Bywater. “A landlords first port of call may be to discuss it with their managing agent in order to ascertain the reasons, and to pinpoint the correct notice and relevant legislation.

“It is worth taking out good landlord insurance which can cover damage caused by the tenants, whether accidental or malicious, says Rosemary Millican. “Taking a deposit from the tenant is always advisable – but claiming deductions from the deposit can prove difficult if you do not have a good quality inventory and statement of condition signed by the tenant at the start of the tenancy.

When you’ve found a condo that meets your specifications, all you need to do is book the week or season when you plan to travel. Rates are usually different for off-season and in season, so check into the cost differences before you decide. There are pros and cons for going during the prime season or the off times when the places are less filled with tourists. It all depends on your preferences and schedule. In order to lease a place, you’ll need to put down a deposit and fill out an application. After that, it’s all set. Not so difficult after all, right?

Proprietor of Belvoir Macclesfield Rosemary Millican agrees and adds, “It is vitally important to ensure that the price is right too. A good agent will give you a realistic valuation, but it may also be worth doing your own research of what is currently available to let in the local area, via the property portals.

America, Syria And The World

14 Sep

Syria’s use of chemical weapons a criminal act: Obama

Obama

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U.S.

For the original version including any supplementary images or video, visit http://online.barrons.com/article/SB10001424127887323595004579069452022413522.html

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We agreed that, ultimately, what’s needed for the underlying conflict is a political settlement that allows ordinary Syrians to get back to their homes, to rebuild, and to relieve the enormous suffering that’s taking place,” he said.

For the original version including any supplementary images or video, visit http://www.indianexpress.com/news/syrias-use-of-chemical-weapons-a-criminal-act-obama/1169198/

‘true Blood’ To End With Season 7 In 2014, Hbo Confirms – True Blood News – Cult – Digital Spy

4 Sep

CUT OFF TIME: 7PM EST PAY OFF TIME: 8PM EST Sports Question: MLB: Will Cincinnati Reds beat Atlanta Raves in the game tonight? CUT OFF TIME: 7PM EST PAY OFF TIME: 8PM EST News Question: Will the weather in Texas remain at 85F by 8 PM tonight? CUT OFF TIME: 7PM EST PAY OFF TIME: 8PM EST
For the original version including any supplementary images or video, visit http://bit.ly/18C8fU0

“I’m deeply grateful to HBO for being true partners and collaborators, and, of course, to the viewers who chose to spend Sunday nights in Bon Temps with us.” FX UK HBO Jessica Hamby (Deborah Ann Woll) Brian Buckner added: “I feel enormously proud to have been a part of the True Blood family since the very beginning. I guarantee that there’s not a more talented or harder-working cast and crew out there, and I’d like to extend a personal heartfelt thanks to them for their dedication and tenacity over the years, especially this past year, as I stepped into a larger role. “Thank you also to HBO for their unwavering support and of course to Alan Ball, whose genius enabled all of us to share in this incredible journey.
For the original version including any supplementary images or video, visit http://dspy.me/18AJCaf