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Real Estate Professional in the Palm of Your Hand
GETTING THE MOST FOR THE LEASE-TRACKING YOUR REAL ESTATE If you own rentals and/or investment properties, you know that you have to keep track of your portfolio, maintenance profiles, property managers, and related financial matters. There are a multitude of programs for the Palm-Pilot system to keep up with lease dates, lease expirations, and rent due dates. They will let you know when to send late notices and how much the late fees are for each rental you have in your list. Most of these programs will also alert you when you have a lease that will expire within the next two months, this allows you to prepare a new lease contract or plan the repairs and marketing for the unit. They'll even give you yearly totals spent on property management fees and maintenance fees, and bounce those amounts against your rents collected. This will give you an idea of how the property is performing. Some will even "conduit" to your computer when you HotSync, which allows you to create Excel spreadsheets for the data produced. These programs will also store information associated with each individual property, such as who the handyman is for that property, warranty company contact information, insurance information, and tenant contact information. Most programs out there will allow you to log and track the Gross Scheduled Income (GSI), Gross Operating Income (GSO), Net Operating Income (NOI) and Cap Rates for each property in your portfolio. A few programs that you might try, you'll have to figure out which one is best for your current situation. There are many more, just search around on www.palmgear.com and you should be able to find exactly what you need for your own rental and leasing situation: Rental Manager 2.16. This program is great for vacation rentals! Keeping up with availability, accounts receivable, reservations, reservations not confirmed, and dates of expiration. Rentulator 1.01. Is a free program that allows you to enter the price of the house or condo and the percent you would like to earn, and the program will calculate the rent you would need to collect for that situation. You will need to calculate total debt service and other factors before punching them in, but the program will tell you what you need with the correct amounts plugged in. LANDLORDING Most properties in my portfolio I have property managers that collect rent and inspect the units. On those properties that I manage myself, when a tenant calls with a problem, all I have to do is decide whether it requires the warranty company, just a quick fix by a handyman, or if I'm in the area, I might just run by and take care of it myself. All the information is right in front of me, regardless of where I am at the time of the call.From experience, I can predict that whenever my tenants call, I won't be anywhere near my PC or file cabinet! Fortunately, with your Smartphone, you won't ever have to go to your office to access your files again. Sounds nice, huh? Have all your important files with you 24/7, 365 a year! REAL ESTATE AGENTS Some of these programs will track every aspect of the business of realestate. Realtors and brokers can track their listings and when they expireand even search the entire MLS (Multiple Listing Service) anytime -anywhere. The program will remember lockbox codes and cross-reference themto the address and location of the property. You can also track real estate commissions, both gross and net. You can evenset goals for closing a certain number of sales per month, which you canthen compare to your actual closings at the end of each month. Export thesefiles to your favorite spreadsheet to print monthly and yearly charts ofyour progression. Now for a program that carries a monthly fee. Supra and eKey. Found at:www.supraekey.com If you are a state licensed practicing Real Estate Agent, you can subscribeto a service that will give you access to your listings and the entire MLS.This software allows your Smartphone to act as an electronic Key to give youaccess to Supra Keyboxes placed on listings. If the Keybox is the electroniciBox type, you can open the Keybox just by aiming your Smartphones IR(infrared) port at the Keybox and tapping the send button. The software expires at the end of each day, to update the software you musteither HotSync or eSync your Smartphone or tap on update in the menu, whichallows your Smartphone to go online using its' wireless connection and itwill update the software. The default will automatically log on between 12amand 6am and update your key for you. It automatically updates each night andtells you who has shown the listing; date, time, name, office name and phonenumber. (If you are in a location that doesn't have a digital cellularsignal, the software will attempt to find a connection every 30 minutesuntil it updates itself. You get the information you need delivered to youwithout having to drive to the listing to collect business cards). By thetime you wake up, all codes, lockbox activity, and your MLS will be updated.You will know how many other agents accessed and showed any of yourproperties that you have listed. If someone at the office added a listing toyour MLS, it will now show up on your Smartphone. Some of the old lockboxes require metal contacts to be slid into the shackleto open the lockbox, AEII type. On these older units, the "supra unit" isneeded, because the unit has the metal contact key built into the case ofthe unit. You just insert your eKey shell of the PDA into an AEII typeKeybox. Or for the newer Keyboxes, the iBox type, just point your Smartphoneat the iBox and hit the button. Always remember, iBoxes relock after 30seconds! You can easily change your own iBox codes by changing them on your handheldand transmitting them to your lockbox when you arrive at the location. Messaging: Associations and brokers now have a way to quickly and easilycommunicate with their agents through a tool the agent uses on a dailybasis. Need to change the date or time of a meeting and get the word outquickly? Messages appear on-screen. Basically, SMS, which stands for (smallmessage service). If you were driving through a neighborhood and found the perfect home foryour client or yourself, wouldn't it be nice to punch in some numbers andhave all the information for the property in the palm of your hand? And youmight possibly be able to obtain the lockbox codes right on the spot, andview the property that minute. This is called productivity, either get init, or get ran over by it! You can search your own listings by any of the following fields: area,price, class, status, bedrooms, bathrooms, and up to three additionalcustomizable fields that you can set to what ever you like or think isimportant. There are many other services out there that will assist you in being one ofthe Top sellers in your area. One service from www.homegain.com will SMStext page comparisons to you when prices rise or fall in your farm area. Itused to be free, but now they charge a few dollars a month to monitorcertain areas. This service is also nice if you own property and would liketo know when to either refinance the property or maybe it's time to salethat property. Real Estate prices usually don't move very fast unless we'rein a crash of some kind, and then of course, their moving down rapidly. Butit's still nice to know what your properties are doing without having toresearch all of them each and every month. This way you get the reports, andyou can either go on with life, or look closer at the numbers for aparticular property and take whatever action you should. CALCULATING YOUR POTENTIAL CASH FLOW When I go out to inspect potential real estate investments, I enter all the notes for that particular property under that property's name and address. Later at the hotel or on the spot, I can run the numbers with my HP-12C calculator (see below), and know if I'm looking at a positive or negative cash flow. Of course, you will want to take in the consideration of the potential appreciation for that area. Some negative cash flows are worth having if you will make your gain in appreciation. Sometimes a small negative can be welcome in the face of a large appreciation factor for an area. When I get back home, there is no confusion about which property had what features and cash flow. Another program that helps you compare properties is TriLoan, (see below), to see which property is the best investment. This program allows you to set four different loans or properties side-by-side for easy comparison. All in the palm of your hand. REAL ESTATE CALCULATIONS KK-12C, by KK Technologies Co., Ltd., is a great program that emulates the HP-12C calculator. It even looks like the calculator on the Palm screen. If you are currently using the HP-12C, then you won't need to learn anything about this program; you'll already know how to operate it.The HP-12C is one of the most popular RPN (Reverse Polish Notation) financial calculators ever made - it's been out for a long time and is still popular mainly in the Real Estate arena. I like the fact that I always have it with me wherever I go. There are quite a few options on the KK-12C that the normal calculator doesn't offer. One nice feature is that all registers can be saved at any time with unlimited sessions. This is nice for viewing later. THREE OUT OF FOUR LOANS TriLoan, by John Coogan, can be found at http://www.triloan.net/tl.htm. This program allows you to compare up to four loans at the same time. All you have to do is enter the loan amount, terms and rate, and the program does the rest. If you're looking at more than one property or loan, you can compare up to four on your Palm-Pilot screen. This is great for field work-there's no need to write the figures down and not know if any of them are even a good deal until you can get to a PC. The program allows you to save all properties under the name you give them, and look at where you are in the amortization table at any time. There are over 200 other options to calculate your investments down to the penny. These include viewing your equity, loan-to-value, expected rent, payoff, net operating income, cash flow and more.Both of the above programs can be used for any loan calculations, I'm just giving examples on mortgage loans. Find anything in your portfolio in seconds, anywhere - anytime, send an email with "ebook" in the subject to receive a free version of the ebook at: ebook@robertlett.com Robert Lett. April 2005 Robert Lett Let me ask you a question: How much is your computer worth when you or your employees are sitting in front of it? Now, how much is that same computer worth when you or your employees aren't sitting in front of it? When you're out of the office and that potiential client calls, do you have to tell them that you will get in touch with them when you return to the office? Is that potiential client calling your competition in the mean time to see if they get a better response? What if you could have all your important files with you 24 hours a day, 7 days a week? Hanging on your belt or sitting in your purse, and it wouldn't weigh too much more than the cell phone you are currently carrying. Order now at the discounted price for reading this article at http://www.robertlett.com/order.htm For a free copy of our ebook, email a blank email to: mailto:ebook@robertlett.comWant more information? Take a look at: http://www.robertlett.com/whatisit5.htmGet our free monthly tips and updates newsletter, email us at subscribe@robertlett.com
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Nine Surprising Real Estate Opportunities That Will Grow In 2019 Forbes Anyone who hopes to succeed in the real estate industry needs to stay up to date on the latest market trends. Whether you're an investor or a broker, you'll have ... Local Real Estate Agents Give Back YourCentralValley.com The husband and wife team that make up the Soares Team are giving back to the community of Pinedale in a big way. Find out how you can help. Market correction or midterm speed bump? Here’s what real-estate agents are saying about the housing market MarketWatch A survey of real-estate agents showed signs of life in the housing market after all, as well as some new trends that bear watching. La Crosse County real estate transfers for Sunday, Dec. 16, 2018 La Crosse Tribune The following are real estate transfers filed in La Crosse County. By law, some transfers are exempt from transfer fees; these properties are listed without prices. Real estate transactions: Bimbo Bakeries, Hunton Distribution ink deals Chron Fort Worth-based Olympia Property has purchased Broadstone Sierra Pines, a 341-unit complex at 1615 Sawdust in The Woodlands area. Ryan Epstein and ... Demolition of Brayton Point plant could positively impact nearby real estate SouthCoastToday.com When contractor Michael Parriff and his social worker fiancé Stacey Tessier, both from Berkley, bought their secluded contemporary home with the ... Ask a real estate pro: Neglected lot next door threatens my property. What can I do? Sun Sentinel If the vacant lot lot next door is damaging your house, your first step is to write to the owner. If that doesn't resolve the issue, here's what you do next. Could this city be the next capital of cool? The Real Deal Magazine Greenville, South Carolina, wants to be the next Portland, Oregon, aka the capital of the cool and artsy. Top D-FW commercial real estate deals for Dec. 14 week: Stream Realty, CBRE, Marcus & Millichap Dallas News SalesAmerican Landmark Apartments has purchased the Emery Bay at Lakepointe, a 360-unit apartment community located at 901 Lakeside Circle in... Miami County Real Estate Transactions Troy Daily News TROY. Harlow Builders Inc. to Michael Osborne, one lot, $44,900. Halifax Land Company to Douglas Grise, Linda Grise, one lot, $100,000. Harlow Builders Inc. Goodbye to bidding wars: Some of the hottest housing markets are falling the hardest CNBC Home sales have slowed to a crawl nationally, and it's not just the winter temperatures. The market's pulse has become weaker, especially in areas that were ... Yo Joe! Real Estate Advice for November UptownMessenger.com I'm Joe Gerrity, local businessman, investor and Real Estate Broker. For my monthly “Yo Joe!” column, I'll be answering your real estate questions as well as ... 37% of Metro Vancouver sees real estate industry as 'extremely corrupt' North Delta Reporter Report comes as the B.C. government continues to probe alleged links of money laundering in casinos to real estate. 'Know Your Strengths': Leadership Lessons From A Real Estate Entrepreneur Forbes Diane M. Ramirez, chairman and CEO of Halstead, is known for her passion and devotion to the residential real estate industry. She is a 35-year veteran who ... Recent Commercial Real Estate Transactions The New York Times Recent commercial real estate transactions in New York City. LA among the world’s most expensive cities for real estate Curbed LA While millions of Los Angeles residents struggle to pay for basic needs like food and housing, a handful of wealthy homebuyers are making the urban area one ... Real Estate Happenings | Real Estate Charleston Post Courier WHAT: Sponsorship opportunities will take place for potential businesses and customers involved with the CAA to make presentations at the association's ... Younger vets face difficulties affordable housing | Real Estate Charleston Post Courier Veterans from the Korean Conflict to the First Gulf War typically found an enticing real estate market when they returned home. But recent research, backed by ... Understanding The Nuances Of The Hotel Real Estate Investment Forbes Understanding the variables associated with operating the business housed in the physical real estate can make or break the return on investment. What HNWIs Want from Commercial Real Estate National Real Estate Investor In 2016, 2017 and 2018 NREI conducted research with its audience on high-net-worth investor (HNWI) interest and activity in commercial real estate. In 2018 ... 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Taylor to Daniel and Janice Aranki.144 Pamela Drive; mobile home; $120000; Jonathan R. Halle and Carol ... Agent update | Real Estate Charleston Post Courier Top producers group makes charitable gifts. w/photos. A real estate organization forged in lower Dorchester and Berkeley counties and upper Charleston ... Residential real estate transfers, Dec. 16 | Real Estate Transfers Omaha World-Herald Legacy Homes Omaha LLC to Hernandez, Joe R. Jr. and Nicole M., 10505 Rosewater Parkway, $281,370. Legacy Homes Omaha LLC to Donner, Nathan A. Making a living at real estate investment: Lindemuth properties offer opportunities in Topeka The Topeka Capital-Journal Topekan Steve Clinkinbeard laughs and refers to himself as an "old conservative accountant" who is trying to stay out of trouble.He's apparently decided staying ... 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Six Legal Tips For Purchasing Commercial Real Estate Forbes When it comes to commercial real estate, it is of paramount importance that, when you retain legal counsel, they take an in-depth look at all of the nuances that ... Ivanka Trump, Jared Kushner could profit from real estate tax break they pushed Chicago Tribune The Opportunity Zone program promoted by Ivanka Trump and Jared Kushner could also benefit them financially, an Associated Press investigation found. Lamar County real estate market looks up in 2018 Paris News Lamar County's real estate market has seen promising signs of growth over recent years, as the collapse of 2007 becomes a distant memory. The market ... Dec. 8 Real Estate Transactions The Newark Advocate The first name(s) listed is the seller and the second name(s) listed is the buyer. transit real estate developments Crain's Chicago Business The city's most ambitious real estate players have concocted sprawling campuses on the collars of downtown. The result: a burgeoning mega-Loop on the verge ... Strange real estate deal raises specter of Putin buying Trump San Francisco Chronicle In July 2008, Donald Trump undertook one of his most infamous transactions. He sold a mansion in Palm Beach for $95 million to Dmitry Rybolovlev, Russian ... Massachusetts real estate transactions: Hampden, Hampshire and Franklin counties, Dec. 16, 2018 MassLive.com Here are deeds registered in Western Massachusetts' Pioneer Valley and published in the Sunday Republican for the week ending Dec. 16, 2018: Weekly Review: Real Estate CEFs - A Volatile Week For The Sector Seeking Alpha Review of where real estate funds and their benchmarks ended last week. Recap of news related to the group, if any. Comparison of the funds using several ... 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RBC Capital Upgrades Alexandria Real Estate (ARE) to Top Pick StreetInsider.com Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here. RBC Capital analyst Michael Carroll upgraded ... Real estate is local economic engine but space shortage on horizon Times Union Malta. Many of the numbers associated with real estate in the Capital Region — residential, commercial and industrial — paint a rosy picture, but construction ... ‘Just for Buyers’: The best local real estate deals for the week of December 10th WECT "Looks can be deceiving" That's the lesson that can save homeowners a whole lot of cash. "Just for Buyers Realty" looks at some local properties worth a second ... Real Estate Fresh Finds: Dec. 12 PoPville Real Estate *Fresh* Finds is a weekly selection of newly-listed properties in the District, brought to you by Real Living At Home. Arrest of Huawei Executive Could Hit Vancouver Real Estate Barron's The arrest of Huawei CFO Meng Wanzhou has many repercussions, but one that investors may not have considered is the effect on the Canadian real estate ... NYC’s ‘ultra-prime’ real estate market is booming Curbed NY The downswing of New York's real estate market has been much-documented in the past year: prices are falling, concessions are up, and listings are staying on ... As Markets Tank, These Real Estate Investment Trusts Hit Higher Highs Forbes Real estate investment trusts -- also known as REIT's -- outperformed the markets by a wide margin last week. As a matter of fact, while many big stocks were ... High and low real estate transactions listed for Huron County Norwalk Reflector The following real estate transactions represent the highest and lowest amounts recorded in Huron County for the week ending Dec. 7: High: $5863509 - TMC ... Buying a home with parents' help? Consider this advice from a realtor Business Insider Realtor Dana Bull says about half of her millennial clients get financial help from parents to buy their first home. Here's the advice she gives them. Ritzy Amenities Are Changing the Chicago Real Estate Game Chicagomag.com Thousands of new apartments lease in Chicago each year — so many, in fact, that developers need to dream up new perks to lure young, upwardly mobile ... Gwinnett real estate agent to serve prison time for $22M fraud scheme - Atlanta Journal Constitution Gwinnett real estate agent to serve prison time for $22M fraud scheme Atlanta Journal Constitution A Suwanee-based real estate agent will serve more than seven years in prison after defrauding clients to the tune of $22 million,the U.S. Department of Justice ... 2019 Real Estate Forecast: What Home Buyers, Sellers And Investors Can Expect Forbes The year started with sky-high home prices, historically low mortgage rates and a definitive upper hand for sellers. In recent months, though, things have started ... Homes sold recently in central Ohio The Columbus Dispatch This sampling of homes sold recently in central Ohio comes from information supplied by real-estate agents.• If you're an agent who would like to submit, fill out ... Real Estate Transfers For Dec. 6-12 The Chattanoogan NOTICE: The Hamilton County Register's Office did not publish this data. All information in the Register's Office is public information as set out in T.C.A. 10-7-503 ... NY-based real estate group plans to revitalize SS United States ship Curbed Philly For over 20 years, the SS United States passenger liner has sat in the Delaware River, as an historic—and too often overlooked—Philly landmark. But a new ... Five Ways A Busy Professional Can Use Leverage To Become A Real Estate Investor Forbes There is no rule that states you have to wait until the end of your career to be able to retire. The 2018 Real Estate Advice You'd Better Not Miss | realtor.com® Realtor.com News We doled out a lot of expert real estate advice over the past 12 months. But what was most useful to you? Here are our most-read advice pieces of 2018. Retiring Tom Seal reflects on swings of real estate market The Herald Bulletin ANDERSON – For the past 46 years, Tom Seal has ridden the roller coaster that has been the real estate market in Madison County. Seal, 74, is retiring from the ... These Trends Will Shape the Real Estate Market in 2019 Realtor.com News Home buyers and sellers are both going to face challenges in 2019, according to an analysis by the realtor.com economic team. Find out what's happening and ... Erie County Real Estate Transactions Buffalo News Following are real estate transactions over $5000 as listed in records of the Erie County clerk's office for the week ending Nov. 2. ALDEN • 11849 Boncliff… Brookfield Property Partners: The 'Berkshire Of Real Estate' Seeking Alpha And over the next five years, management is expecting BPY to deliver between 15% and 25% annualized total returns, courtesy of its currently trading nearly ... Law Roundup, Neighbors frighten real-estate agent Daily Inter Lake A real-estate agent ran into trouble while attempting to take photos of a property on U.S. 2 in Marion for a client who was selling it. Apparently, neighbors yelled ... Bank of America's move leaves more Wilmington office space empty The News Journal Bank of America will move out of two massive Bracebridge buildings, leaving vacant nearly half a million square feet of office space in Wilmington. Could the arrest of Huawei's CFO affect Vancouver's real estate market? CityNews Vancouver VANCOUVER (NEWS 1130) – Despite her release on bail, the arrest of Huawei's CFO could have repercussions in Vancouver. Some experts say it likely sent a ... This week's top commercial real estate transactions | Real Estate Dallas News SalesLibitzky Property Cos. and Sunwest Real Estate Group acquired Coppell Tech Center II and Highpoint Oaks I, a 2-building office portfolio at... New York Touted Real Estate, Eminent Domain in Bid for Amazon The Wall Street Journal In their bid for Amazon.com Inc.'s second headquarters, New York City and state officials dangled prime real estate at the tech giant and offered to use eminent ... Real estate blockchain set to go live in early '19 Computerworld New York-based ShelterZoom is going live soon with its blockchain-based real estate offer-and-acceptance application; it's one of several ways companies are ... Top 10 states to make the most money from investing in real estate CNBC For a great investment, combine rising home values with prices that haven't quite caught up. Real estate transfers: Reported Dec. 9, 2018 Herald-Whig Real estate transfers recorded in the office of Adams County clerk and recorder. Quincy area. Frances E. Burrus, property at 2029 Locust St., to Angela F. Good catch? Famous Hamptons fish shop hits the market for $7M The Real Deal Magazine The famed fish shop at 41 Oak Lane has been put on the market for $6.99 million by its owners Bruce and Charlotte Sasso. Real-Estate Broker Eastdil Hires Allianz Executive for N.Y. Sales Wall Street Journal Real-estate broker Eastdil Secured has hired a top U.S. executive from a European financial firm, a move that could bolster the broker as its parent company ... How much? Tompkins County real estate transactions Ithaca Journal Real estate transactions for Sept. 16-22. TOMPKINS COUNTY. Caroline. Stephen James Moyer sold 26 Flat Iron Road to Duane Austin for $39,000 on ... |
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Job loss or transfer, divorce, death, pending foreclosure, and lack of money cause sellers to sell fast for less. Property Investment - Buying A Holiday Home in Cyprus Cyprus is fast becoming a property hotspot for thousands of British holiday home hunters disillusioned with the overdeveloped and overpriced Costas. Famous for its spectacular beaches, a climate that gives more sunshine days than Spain and its rich and varied history, Cyprus offers a perfect mix of foreign and familiar. Guide To Finding The Perfect Central Illinois House Central Illinois is an area rich in cultural activities andbusiness opportunities. The quality of life experienced bythe residents of the numerous close-knit communities issecond to none. Real Estate Growth: How Long Will It Last? There has been speculation in the media recently about the fact that real estate will begin to fail and implode as it can only handle so much growth. In my humble opinion these theories don't hold a lot of merit and here is why. Destin Florida Triples In 3 Years Do you want to see something that is absolutely amazing? Let me show you what has happened in Destin, Florida over the last 3 years. Back in August of 2002, the median price of a home selling in Destin was $229,000. Rehab Foreclosed Houses the Right Way and Keep All the Profits! I've been teaching people how to buy foreclosure properties for a long time.And we all make the biggest profits on the deals that we rehab the right way. 10 Tips to Sell Your House Faster! Here are some Handy wee Tips to help you Sell Your House Faster. These are all 'tried and true' tips we've gathered over years of Buying and Selling Houses, so I know for sure that they work!1. Property Investment: Spoiled for Choice in Europes Emerging Markets You could be forgiven for thinking that property is the new dot.com. Commercial Income Property Financing: Part 1 of 3 Welcome to this first portion of a three-part series about income property. In this first segment we will be discussing financing options for commercial income properties as well as the upside (and downside) of owning this type of property. Personal Branding Techniques for Real Estate Agents and Brokers Branding can be done to any product, or any person. Before undertaking an exercise in personal branding, however, consider your distinctive strengths and abilities and what they offer the market place. Ten Steps for Becoming a Successful Real Estate Investor The secret to success in real estate investment is finding bargain properties that you can "flip" quickly for a profit. Here are a few ideas for becoming a successful investor:1) Obtain sound advice from investors who are already successful. How to Price Your Property? A house properly priced is half sold. But there are plenty of ways to price it improperly. Rehab Your Way to Wealth: The Quick Way to Fixer-Upper Success Completely rebuilding a house is not necessary to make money in investment real estate. Most times, if you have bought smart, you won't have to make a huge improvements on your investment property. How to Prequalify a Buyer When You Sell Your Home By Owner One questions many "for sale by owner" sellers ask is "how can I determine if a potential buyer can afford to buy my house?" In the real estate industry this is referred to as "pre-qualifying" a buyer. You might think this is a complex process but in reality it is actually quite simple and only involves a little math. Home Buying Checklist - Windows If you are in the market to purchase a home, it can be easy to fall in love at first sight. Do so at your own risk. 3 Strategies For Buying Property With No Money Down Everyone has heard a story or read about someone who bought a property without paying a single dime as a down payment. But how does this work?There are several "classic" methods commonly used to purchase real estate with no money down. Finding the Right Real Estate Agent:: A Guide for Seniors When considering buying or selling a home, seniors have a special set of needs that may not apply to others in the real estate market. The first time home buyer has a certain set of needs.
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