February 2018 – Property PFA

Leasing commercial property

Posted on February 25, 2018 by blogger

Leasing commercial property can be a complicated matter, or it can be an easy and understandable matter. If you consult with a good lawyer, such as a wills trusts lawyer, you’ll be able to get the facts and guidance you need to make the right decisions for your property lease. In this article, you’ll learn about leasing commercial property and some considerations you should be aware of. You’d think that it’d be pretty simple. You have one party who owns the property and a second person who wishes to lease it. The second party pays the first party a given amount of rent money, as established in the beginning of the transaction. The first party allows the second party to inhabit the property in exchange. Easy! However, things can get pretty involved when you’re thinking about commercial property, especially, as opposed to simple property you live on. A company who wants to lease a space needs to be sure that the space will serve their business adequately, or else everything might suffer. The contract and details of the agreement need to be clearly laid out and agreed upon, as do the consequences for when or if one of the parties fails to adhere to their end of the contract. When leasing commercial property, you’ll want to be informed before you sign the lease about things like terminating a lease, how long you must have the lease, and details about the utilities that are or are not included in the rent amount. There may also be ways to purchase the lease in terms of square feet of the property, so that you don’t have to buy everything. If your business will not benefit from having more space, it may be wise to thus reduce the amount you’re leasing, if that works for the landlord. You’ll also definitely want to make sure that you’ll be able to change or remodel parts of the space. Some people will not allow their tenants to alter the appearance of the space permanently, but if you really need to do that for your business and idea for the area, you should obviously look elsewhere for the property.

For more details visit website at http://www.lawpo.com/ a>

Best Locations In Bangalore To Buy Residential Property

Posted on February 20, 2018 by blogger

When you think of buying a residential property in Bangalore, the choices are many, ranging from simple one room house to independent villas. But, choosing a location can be quite a cumbersome task, as you have to choose a property that suits your needs and your pocket too. The price of a property depends on the type of the property and the location. You will need a bigger pocket if you are eyeing the central areas that are well connected and located in the heart of the city. Or, if you are satisfied staying in some interior part of the city, you don’t need to worry much about the expenses.

The most popular areas like Brigade Road, M.G. Road, and Cunningham Street etc. are mostly known for their commercial importance and it’s a mammoth task finding a house in these areas. Apart from that, there are some residential areas as well, that may not be as pocket-friendly as you want your desired locality to be. For example, Sadashiv Nagar, Whitefield(Villas), Off Cunningham Road, Off Palace Road etc that are known to be the abode of the affluent.

Following is a list of stylish, well-planned residential areas in Bangalore that are well connected and yet, are average budget localities:

Indira Nagar-Located within a diameter of few kilometers from Domlur airport, the area is well connected to rest of the city. It can boast of several renowned hospitals and educational institutions as well. There are a number of shopping options in addition to nearby pubs, bars, restaurants, gyms etc. The area can be classified as an average budget area.The average price and rent for apartments in this area is Rs.4736/sqft and Rs. 16/sqft respectively. The price for residential plots, on an average is Rs. 8935/sqft.

Koramangala-Reputed firms and business houses, renowned educational institutions, St. John’s Hospital and a number of shopping centers and malls, this area is surely a very good option to settle down. Criss-crossed by many roads and near to Indira nagar, the area doesn’t seem to be facing any sort of connectivity issue.The average price and rent for apartments in this area is Rs.4614/sqft and Rs. 18/sqft respectively. The price for residential plots, on an average is Rs. 6570/sqft.

Banshankari- A medium budget locality at about 15 Km from railway station and 25 Km from the airport, the major connecting road is the 100 feet ring road. There are a number of new projects developed recently or under development in the area.The average price and rent for apartments in this area is Rs.4232/sqft and Rs. 9/sqft respectively. The price for residential plots, on an average is Rs. 3693/sqft.

Jayanagar- Lying close to Banshankari, Jayanagar is a well developed residential area with a cosmopolitan setup. There are a number of shopping complexes, educational institutions and some of the most famous food joints, e.g. Mughal Darbar, Taj Darbar, Blue lagoon etc., in the area.The average price and rent for apartments in this area is Rs.4974/sqft and Rs. 15/sqft respectively. The price for residential plots, on an average is Rs. 10167/sqft.

Malleshwaram-It is one of the greenest localities of the Garden City. The place is naturally beautiful with the lush greenery all around.The average price and rent for apartments in this area is Rs.5223/sqft and Rs. 16/sqft respectively. The price for residential plots, on an average is Rs. 8312/sqft.

Marthahalli- Close to Whitefield and Sarjapur, the area is well connected and offers lots of new projects as well, to choose from. It is again a medium budget locality.The average price and rent for apartments in this area is Rs.2617/sqft and Rs. 12/sqft respectively. The price for residential plots, on an average is Rs. 2863/sqft.

BTM Layout-Located in the southern Bangalore, the area houses the IIM. It is a well planned residential colony with developed road system and separate market place.The average price and rent for apartments in this area is Rs.3174/sqft and Rs. 12/sqft respectively. The price for residential plots, on an average is Rs. 5110/sqft.

Madiwala- An area for small budget home seekers, Madivala is one of the most crowded areas of Bangalore. Though the interiors of the locality are not comparable to those lying in the vicinity, it is nearby to BTM, Koramangla, and HSR Layout areas.The average price and rent for apartments in this area is Rs.2785/sqft and Rs. 12/sqft respectively.

HSR Layout- The area is well connected to Whitefield, Marthahalli, and Electronic City, where most the offices are located. Well connected to the city and better infrastructure makes it dearer. You can find any number of medium budget houses in this locality.The average price and rent for apartments in this area is Rs.3351/sqft and Rs. 12/sqft respectively. The price for residential plots, on an average is Rs. 4402/sqft.

K R Puram- Krishna raja Puram or K.R Puram is well connected to the city. You can find hundreds of flats in this area, depending on your needs and budget.The average price and rent for apartments in this area is Rs.1796/sqft and Rs. 10/sqft respectively. The price for residential plots, on an average is Rs. 1151/sqft.

Buying Commercial Property in NZ

Posted on February 16, 2018 by blogger

Whether you are interested in commercial property in New Zealand for your own business use or if you want to invest in it as a landlord to generate revenue, you can find many different types of business properties to choose from in New Zealand. The returns from commercial property investments in New Zealand are usually higher compared to other forms of investments; however, the risks are just as high and investors require solid equity when it comes to acquiring loans to enter this market. Here are few important questions and points of consideration to get you thinking. What kind of commercial property do you want to invest in? Potential opportunities in this market include: office buildings, shopping centres and warehousing. If you are after already tenanted properties it is important to look for tenants with successful business ventures who have long term leases in place. You will need to research the type of market you wish to enter into thoroughly. This includes monitoring economic conditions closely given that commercial properties in New Zealand are more powerfully affected by fluctuations and trends in the marketplace. Who should you be consulting / seeking advice from? An essential component to all property investments in NewZealand is the use of professionals such as lawyers, financial advisors and property consultants who can scrutinise every aspect of a potential business opportunity. In relation to commercial investments this includes: leases, extensions, modifications, location factors and Council rules and regulations. The specialist advice available from such professionals is invaluable and money well spent. What can you afford? Start by determining your budget. This will help to narrow down opportunities of interest within your price range and will also eliminate those commercial property investments in NewZealand that are simply out of your price reach financially. As mentioned above, this form of property investment is much more difficult to enter than the residential market, it is common for banks to only lend 60 -70%, in addition to paying higher interest rates. You must factor in your means for obtaining finance and serving loans. Where in NZ do you want to invest? If you are buying a commercial building for your own business ventures make sure the regional area in NewZealand you decide upon has a strong economic future and that there are no regulations or restrictions in place by the local Council that limit your desired business plans. If investing in property such as retail shopping malls you will want to consider the levels of traffic in the area, ease of parking and the establishment of neighbouring businesses. There are numerous online real estate listings and resources available to help make your commercial property search in NewZealand easy. This type of property is actually quite popular, and finding opportunities isn’t difficult by any standard. Taking the time to consider the above questions and points will help you begin your search. Note down other questions that come to mind as you search too, it all helps towards finding the best investment possible. Once you have determined which properties you would like to see, you can contact a real estate agent and go visit the properties to make your final decision about which one is right for you.

www.nzrealestateforsale.co.nz : Commercial Property in NZ a>

How Rentec Direct Created The Property Management Software

Posted on February 12, 2018 by blogger

RenTec Direct is headquartered at Grants Pass, Oregon, USA and was established by a group of owners, investors, and managers that became tired of the paper shuffle and lack of suitable software required in managing properties. It took them a lot of research among existing property management software companies. They tried various property management software but none of them has been proven reliable to meet their expectations.

This drove them to create their own version of property management software to assist owners in property management. They hired the best programmers to develop a tailor fit application which precisely met the needs of property owners. Thus was born the RenTec Direct property management software, the rental software that has overcome and dominated all property management software manufacturer in the global market.

Going back to the idea, RenTecDirect was seriously committed to provide property management software that will assist owners in keeping track of the recurring transactions, tenants and vast rental properties. They have come up with 3 rental software that consist of the Rentec for Associations or the association management software, Rentec Pro or the landlord software and the Rentec PM Property Management Software.

These property management software have special features that contribute to making the property management software powerful and functional. These include:

* Online file management. The property management software allows online file storage related to tenants or properties safely and securely.

* Manage other recurring transactions. This comprises utility billing, landscaping or supplemental fees that owners may charge to their tenants and lets the property management software automatically generate charges whether they are at a computer or not.

* Enter and track work orders. Permits tenants to place their own repair requests via the tenant portal.

* Tenant Portal. Allows tenants to login and review their account, make payments via ACH, or submit work orders.

* Easily track bank deposits.

* Shows management reports on property performance.

* Presents stats and graphs of current and historical property performance.

Indeed the creation of the property management software has been a breakthrough in the property management industry.

For inquiries, call (541)-690-8667 or visit

Tips On Selling Your Investment Property

Posted on February 7, 2018 by blogger

Lets face it, even if you own a great investment property with $75,000
in equity, that equity wont pay the billsits not in your bank accountbottom line, you cant eat equity. So to realize your profit, you need to sell the real estate.

The following tips could help sell your investment property quickly. 1) Keep the price fair. Sure, you want to make the most it. But unless youre in a rapidly appreciating market, your business is better off if you offer a competitive price. Its always better to make a fast nickel, than a slow dime. 2) Virtual tours – More than two thirds of buyers research potential real estate purchases online now. 3) Landscaping – Creating curb appeal can fetch up to 15% more. Hint: many flower businesses and nurseries offer free advice to help turn a yard into a sensory delight for buyers. 4) Indoor decorations – Add some plants, which reduce air-conditioning costs by up to 25%. Plants also look great and keep the home beautiful, created a caring, lived in feeling. 5) In-ground sprinkler systems – (for upper and middle class neighborhoods only). Again, you’re investing in real estate. While sprinklers are pricey, they help encourage a sale in mid to high end homes, and can
boost your profit considerably, bringing you closer to making money from home. 6) Create more space – By painting walls a pale color, gives the illusion of additional space. 7) Check what’s underfoot – Make sure the floors are like new. You can buy used carpet from model homes but has not been worn. Hint: A rug with horizontal stripes can make a narrow hallway feel
wider. 8) Paint – Youre investing in real estate. Youre investing in yourself. Its the best way to make money from home. So add the odd warm shades such as yellow, red, and orange to the real estate to throw off a cozy feeling. Hint: the aroma of fresh paint gives off a new home feeling. 9) Clean storage spaces thoroughly – Clutters bad. It’s just good business sense. 10) Staging – Create a homely atmosphere by renting furniture and/or hire a decorating professional to do it for you. Staged houses sell more quickly and for a higher price

3 BONUS Tips: Follow the 3-D’s in your real estate business when selling a property: 1. declutter; 2. Depersonalize – remove personal items so buyers can picture themselves in the real estate; 3. Deep clean using a professional cleaning service.

By doing even half of these tips, your chances of selling your investment real estate is far greater and quite possibly, will be more profitable.

by Mary Wozny