Tag Archives: property

Market Your Property to the Right Audience

Man and woman bought a homeWhen you wish to sell your property, it is important for you to know the real estate market to an extent. You should consider carefully and identify the customer who would be interested in your property. To be able to sell your property successfully for a good price within a short period, you should find the right customer base.

A few guidelines on types of properties

New apartments or townhomes in Utah or elsewhere are ideal for couples planning to have a family. People with growing children require space. Families with older relatives or for couples over sixty might wish for houses that require little maintenance.

One or two bedroom apartments are best suited for single people or very young couples who are just starting out.

Apartments, condos, or townhomes for rent with amenities such as tennis courts, gym, and swimming pools, these are ideal for young couples and single individuals who wish to follow an active lifestyle.

Larger homes in suburban neighborhoods with nearby hospitals, schools, shopping centers, and movie theaters appeal to couples and families.

Apart from the house design, the location is also essential in determining the price you will set for the property. Make sure to check other properties for sale to compare.

Where to market?

If you have a property to sell or lease, it would be best to gain the services of a real property agent to sell it to the right audience.  You could also advertise in your local newspaper or go online to market your property. Make sure to improve the appearance of your property to make it appealing.

When selling your property, it’s always best to get the help of a professional to help you find the right audience. Knowing what, where and who is always essential in a successful real property sale.

Hospitality Business on the Gold Coast: Should You Buy a Motel or Just the Management Rights?

property management rights in Gold CoastThe economy is picking up, so more people are travelling once again. A motel, hotel, resort or caravan park, under the right circumstances, can provide owners reasonable returns on their investment.

For accommodation like hotels and motels, the market is not limited to tourists. As a matter of fact, an establishment that caters to business travellers is more likely to be stable all year long, as, unlike a tourist-dependent place, its operation has no off-peak seasons. People in town for business are more likely to check in during weekdays, as well, keeping the business busy 24/7.

A business that offers accommodation, however, is always dependent on its location. Since guests actually have to be in the hotel or motel to enjoy what they paid for, so do the owners or their managers. The latter has to be hands-on – and possibly, onsite – when managing, maintaining, or even promoting the accommodation, which is different from running an online business selling items.

Motel Purchase

If you are interested in putting up a motel or hotel business, industry experts recommend buying an existing motel, as opposed to building one from the ground up. The logic behind this is that buying instead of building can save you more money, thereby giving you higher ROI.

Once you decide to buy a motel, watch where you choose to get one. Location, as mentioned, is a powerful factor. Apart from the location, you have to decide whether to keep the current staff or not, assuming you’re buying a motel still in operation. The situation differs per type of accommodation. A small hotel, for instance, is likely to have more staff members than a motel of roughly the same size.

Of course, you have to make some improvements. But that doesn’t mean throwing away money; it only means making sure the establishment offers better service and facilities, and a new branding, unless you want to keep the old one.

Management Rights Acquisition

Not everyone has the money to buy an entire motel.  But you still have an option if that’s the business you want. Resort Brokers Australia suggests that you look for management rights for sale on the Gold Coast. If you own these rights, you don’t own the establishment, but you get to operate it. You’ll only receive a salary for managing it. Nonetheless, it’s a well-paying and relatively relaxing job. You live on site, so that translates to savings, too.

Joining the hospitality business today is timely, as the travel and tourism industry is picking up in many areas of the world, including Australia. Take part in it now and it will have more significant benefits for you in the future.

Is a Motel Leasehold Better than Management Rights?

property management rightsDo you dream of running your own motel or apartment complex? When property management appeals to you, you may consider buying management rights. When running your own motel sounds more exciting, you may consider buying a motel leasehold. But which option is better, or suitable for your financial goal?

The Business of Management Rights

Management rights are businesses that give buyers the power to operate a stratum titled property, such as an apartment complex. The term ‘strata titled’ means that a property is divided into units or ‘lots’, with each lot owned by a different person. You can think of these lots as apartments or condominium units, which the owners can choose to use as their primary residence or to rent.

As the owner of a property’s management rights, you work for the body corporate, the people who own lots in the property. So you get a salary. Your responsibilities entail overseeing the maintenance and repair of the property and managing the tenants. If your management rights contract includes a letting agreement, and you have a license as a letting agent, you can get extra income from commissions.

Your management rights can last up to 25 years, but the standard term is 10 years. You can extend your care-taking and letting agreements, explains resortbrokers.com.au, with the body corporate in a ‘topping up’ process.

What is a Motel Leasehold?

A motel leasehold is similar to management rights in that you get to operate a property, which in this case is a motel. You also get a place to live in. There are several differences, too; one is that you work only for the landlord or owner of the motel and not for a group of owners.

As a motel lessee, you can get good cash flow, which will depend on the occupancy of the motel. You can also get a high return on your investment, as long as you run the motel well.

Management rights and motel leaseholds lend an affordable aspect to property investment. Both are not as expensive as buying your own residential building or motel. But both offer their own unique set of advantages, and, as with any investment, risks. So choose carefully. And get expert advice when possible.

3 Often Overlooked Factors When Buying a Commercial Property

Commercial PropertySome people swear on the viability of commercial real estate properties, given that more people move between towns and a new crop of professionals hit the job market. On the other hand, some people argue that commercial properties are cash intensive and offer little annual return on investment.

While the different school of thoughts exist on the subject, the sector remains a favourite investment vehicle for many Australians and for people across the world. Be it an apartment building, industrial complex or an office block, with proper management, each can be a profitable venture.

Sentinelpg.com.au shares some things you need to know when considering a commercial property.

Know Your Tax Rates

Before making a commercial investment, you should have a clear picture of the tax obligations that come with it. Although the amount varies from one state to the next and among different locations, typical stamp duties hover around 3 percent of the property’s price. Since the value of the property determines the amount of tax, make sure to have an expert carry out the evaluation.

Engage Professional Help

Property buying is a complicated process and is likely to overwhelm you as a nonprofessional and cause you to make mistakes that can ruin the entire investment. Real estate agents, lawyers and inspectors use their particular expertise to ensure that you get the best value for your money. Failing to retain professional help puts you at the mercies of crooked sellers and agents seeking to make a quick buck at your expense.

Case the Neighbourhood

Your rental investment is as good as its surrounding and local community. Local developments have a significant influence on the success of your investment. An upward surge in crime, for instance, drives the value of the properties down and lowers the occupancy level. A thorough inspection of the locality gives useful insights into future of the area. Upcoming projects such as stadiums, schools and hospital increase the value of your property and assure you of many potential tenants.

A careful consideration of crucial factors increases the chances of successfully investing in real estate.

3 Key Factors when Buying a Property

Property BuyingBuying a property is a lot of work. In fact, the whole process can drain you — from searching for the perfect location to moving to your new home, you need to make smart decisions to avoid costly mistakes. Learn some of the key factors when buying a property and how to protect your investment in the future.

FACTOR 1: Hiring a professional service

While hiring a property manager or a real estate agent is not always necessary, this is probably your safest bet for your investment. They can help you find a house that suits your budget, and even fix all the documents needed when leasing or buying a property. Keep in mind, though that you still need to do your homework. For example, you may need to bring up the best way to buying a property through SMSF. They should know the process to protect your overall investment and prevent unnecessary risks.

FACTOR 2: Setting your budget

Set a realistic budget plan for your property investment. Compare your monthly income and future expenses. Know your limitations. The general rule here is to never buy a property you cannot really afford. Check your credit score, as well. This should put leverage on the properties you can purchase. Remember, buying a house is big commitment. Make sure you can settle your monthly payment on time to avoid penalty charges.

FACTOR 3: Considering the location

Whether you’re looking for commercial or residential properties, location is one of the biggest factors. Accessibility and security should always be on top of your list. Take some time to observe the environment. What are the amenities they offer? Are there schools or hospitals nearby? Be familiar with the community. Are you comfortable with the neighbourhood? This should help you with your decision.

These are just some of the factors you should consider when buying a property. Keep in mind that this is probably one of the biggest financial investments. It only makes sense to take your time and weigh your options.