Consider as a Commercial Agent
Commercial real estate agents have unique work environments and income structures that may not be right for everybody. Additionally, those who want to become commercial real estate agents should consider the personal qualities and education levels that agents successful within the commercial real estate industry possess.
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Encumbrances on Real Estate
An encumbrance is a claim or liability against real estate. This can include liens, deed restrictions, easements encroachments or licenses.
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Real Estate Lease Elements
Real estate lease agreements consist of numerous elements that set out the rights and obligations of the lessor/landlord and the lessee/tenant. These include items referencing possession, use, term, security deposits, options, recording, assignment, sub-leasing, maintenance, destruction, and improvements.
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Dont's of Real Estate Leverage
Leverage, or the use of other people's money to control real estate, is an effective tool for real estate investors if used properly. Using only 10% down payment can produce a very attractive Return on Investment if other factors are properly balanced.
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New Agent Marketing Budget
Community activity, joining organizations, meeting new people, and networking are all still very effective for the new real estate agent. Don't stop doing these things just because you have a marketing budget committed.
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Task Management with Outlook
With Outlook Task Management, you can set up a system that will allow the fast import into Outlook of a list of tasks related to a particular transaction and closing. The sheet can even calculate the task due dates for you based on days from contract date and days before closing. Real estate transaction coordinators are learning the power of MS Outlook for transaction management.
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The Funnel Approach to Income
For the spreadsheet to determine your average per-transaction commission income, you enter the average transaction percentage, your split percentage and the average sale dollar amount for a transaction.
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New Agent Business Plan
Beginning a new real estate agent career is exciting, but it is a business. Since it's a business, you need a new real estate agent business plan. What you do early on can make the difference between success and failure. Find out the most important first things to do. They involve education, marketing, budgeting, determining costs, prospecting, your sphere of influence and more.
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Real Estate Website with Ning
As you're trying to build an online community, you'll begin to draw members either living in or interested in your area. But, each person has their own interests as well. By making it easy for your members to discuss common interests in groups and forums, your site will grow.
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DSCR-Debt Svc Coverage Ratio
One of the calculations lenders use to determine whether they'll do a mortgage on a commercial property, and how much they'll loan, is the DSCR, or Debt Service Coverage Ratio. Learn how to use the DSCR.
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Converting Expired Listings
Many an agent has built their new career on contacting expired listings and impressing them with their ability to do better than the last real estate agent or broker. The consultive approach, with straight-forward information and a formula to help you introduce hard facts about property condition and pricing is presented in this hard-hitting flyer.
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Online Office
Learn through a step-by-step process how to set up a free set of online collaboration tools to manage your real estate business email, contacts, calendar and more.
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Real Estate Consulting
Real estate consulting combines some of the practices of fee for service with an hourly fee delivery for services. The consumer, buyer or seller, can select services individually at flat rates, services in pre-packaged bundles at flat rates, or elect to have their needs met via an hourly rate.
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ARV - After Repair Value
Real estate investing frequently involves the purchase of a property in need of work, getting it repaired or remodeled and then selling or flipping it at a profit. This requires the ability to determine approximate repair and remodel costs and the value of the property after completion. This value is the ARV or After Repair Value
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Landlord Guide for Investors
Taking the step from buying and selling real estate properties to buy-and-hold strategies and landlord status is a large one. Be sure that you examine your capabilities and desires, plan for management, and that you're capable of dealing with tenants, managing rents, repairs and vendors. This landlord guide will help.
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Print Multiple Gmail Messages
My absolutely two most favorite tech tools came together today to solve a problem I've been fighting for two years. Learn how to use Gmail and Evernote to print multiple Gmail email messages.
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Becoming a Real Estate Agent
If becoming a real estate agent is in your career plans, pick up some tips here about how to become a successful real estate agent, not just how to pass the test and get a license.
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General Warranty Deed
A General warranty deed legally binds the grantor with certain covenants or warranties. Covenant of seisin, covenant against encumbrances, covenant of quiet enjoyment, covenant of further assurance, covenant of warranty forever.
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Compensation in Real Estate
In this compensation model, the agent gets the entire commission. This model can pay 100% to the agent
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Referral Fees
Definition - Referral fees in real estate are fees charged by one agent or broker to another for a client referred. They are most common when a seller client is leaving the area and their agent refers them to an agent or broker in the new area to which they're moving. Generally this fee is a percentage of the final commission received by the agent who accepts the referral.
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Comparative Market Analysis
A good comparative market analysis, or CMA, is simply defined as one that helps to yield an accurate and reasonable listing price for a property. However, easily defined and easily produced are not the same. A good CMA requires attention to detail, mathematical skills, experience and a bit of creative thinking.
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Real Estate Referral Agent
The real estate referral agent is one of the highest paid non-entertainment jobs on the planet. Where's the value in this antiquated procedure that pays thousands of dollars an hour for actual effort or performance?
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HUD-1 Settlement Statement
One of the first things every new real estate agent should learn is the HUD-1 Settlement Statement inside and out. After all, you'll be going over it with clients and frequently be asked to explain items or how they're calculated. Here's a completed example HUD-1 on a .pdf with live links to instructional quick tips for the items.
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The 1031 Exchange
The 1031 Exchange is named after section 1031 of the Internal Revenue Code. Using the 1031 exchange, an investor can exchange real estate and defer capital gains taxes on the profits from the sale. As the investor realizes appreciation, they can continue to trade up to more valuable properties, deferring capital gains taxes at each step.
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Commercial Real Estate Start
A common question is whether a person new to real estate should start out as a commercial real estate agent, or work into it from residential or another area of real estate. The decision requires an assessment of finances and abilities. A different skill set is required, and the first commission can be a long way in the future.
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