Turnkey Rental Properties Investment

Turnkey Rental Properties Investment AÂ  type of rental property that many first-time or younger investors like to try their hand at is a turnkey rental. The term turnkey describes any product, property or otherwise, that is ready for the consumer immediately after the time of purchase. When the term is used to describe real estate investments, its meant that the investor buys, fixes up, and sells or rents the property through a third party, usually from a distance. The goal is to make the whole process as simple as possible, so all that has to be done is turning a key. Turnkey Companies There are many different turnkey real estate providers all over the country, and not all of them operate the same way. Some providers will buy a property, fix it up, rent it out, and then sell it to you. However, for the purposes of this book, thats not the kind were going to talk about. Were focused on using turnkey providers to find properties to rent. Some companies will do everything for you, while some will have you do the heavy lifting if there is rehab work that needs to be done, so its important to know going in what method your company will be using, and what will be expected of you. Benefits to turnkey investing While flipping houses and wholesaling are great options for real estate investing, some investors prefer turnkey investments because it affords them several benefits over doing it all yourself. Distance: The most obvious benefit that many investors reap from turnkey investments is the ability to invest in a property from a distance, without having to live in the area. Its not always easy to be a landlord, and the challenges that come with that are often made even more difficult when you live several thousand miles away from the property. Many people who live on either coast, or even are located outside the United States, rely on turnkey companies to invest in great markets, like the Midwest, where cash flow tends to be highest. Insight into the market: Another reason many investors prefer to use turnkey companies over doing everything themselves is that a good turnkey company will know their market, likely far better than an outsider could. As a lone investor, you might be able to do some research into the area and learn about things like crime reports, school system ratings, and price ranges, but those are all just naked numbers without knowledge of the heart of the area, something that good turnkey companies have. They know how the people of an area think and feel about that area: which blocks are popular and why, which area of town is better than another. Theyll know what kind of reputations certain businesses and neighborhoods have, and theyll be aware of shifts in the local economy. This kind of knoweldge is generally limited to long-time locals of an area, which a good turnkey company should be. Skilled marketers: Since good turnkey companies might buy, sell, and rent dozens or hundreds of homes and properties per month, they have a lot of experience in marketing those properties, and many more resources than a single investor may have on their own. As well as having many resources, their resources are also varied, and they may use things like radio ads, television ads, billboards, and more, to help drive interested and motivated tenants and sellers to their business. Because of their experience and resources, they may be able to find better deals than you could, as well as be able to get tenants faster than you could. Experience managing properties: Most people, real estate investors included, are not good managers. However, if you work with a turnkey company, you have someone to help with this. Turnkey companies are generally pretty experienced in dealing with contractors during rehab and general maintenance, as well as tenants. Their experience often allows them to make better decisions than someone lacking that experience would make, as well as cut down on the learning curve experienced by a new investor/manager. Professional, helpful staff: Unless youd like to take care of all of the rehab, maintenance and upkeep, and administrative duties that come with being a property manager, a turnkey provider can help. They usually have in-house staff to take care of things like a broken toilet, to answer the phones, and to sign leases with new tenants. If they dont have in-house staff, they will work closely with vendors to provide these services. Keeping it simple: The final benefit to turnkey investing could be said to be one of the most important: simplicity. No matter which turnkey company you invest with, they all have the same goal: to make the investment easier for you. If you invest in a property on your own, you have to take care of all of the moving parts yourself, which many investors find to be overwhelming. The ideal turnkey company seeks to make the investment simple for you, so all you have to do is receive and write checks. It is for this reason alone that many investors have turned to turnkey investing. Downsides to turnkey investing While there are many benefits to investing in turnkey rental properties, there are also downsides, and these are the reasons why many investors stay away from turnkey investments. Its important to be aware of possible downsides and pitfalls of any investment youre thinking of making, and this is no different when considering whether to invest in a turnkey rental property. Here are the two main downsides to turnkey investing: Trust is required: This is possibly the greatest risk when you choose to invest in a turnkey rental property. You must place a great deal of trust in the provider. Turnkey investors are, as I mentioned earlier in the chapter, generally located far from their investment property. Therefore they must place a great deal of trust in their turnkey company, trusting them to choose a property that will yield a profit, in a desirable location, and find a reliable tenant, as well as manage that tenant. The turnkey company will get paid regardless of whether or not you, as the investor, make any profit off of the property, so its a great deal of trust that you place in one of these companies to make you money. It is very easy for a turnkey provider to take advantage of an out-of-town investor who is unfamiliar with the area, convincing them to invest in a property in a bad location. There have been many stories told by investors where that situation happened to them, and the property ended up being whats referred to as a pig in lipstick, one that seemed fine but immediately after investing began to cost the investor a lot of money in repairs and other issues. Finances: The second downside to turnkey rentals is another great risk: that of money. A turnkey company is a business just like any other, and the driving force behind any business is to make money. They have to in order to stay operable, and they will do this several ways. Turnkey companies will often buy properties at a nice discount, and then turn around and sell the investment to you at a higher rate, essentially flipping the property to you, for a high price. After that, they make yet more money by managing the property for you. This is the catch to turnkey properties. You cant have the simplicity of this kind of investing without paying a premium for it. Either you have simplicity, or you pay less and deal with complications yourself, but either way you pay, whether its in money or your time. Turnkey companies operate on the idea that people want to simplify their investments, and make a profit off of that desire. That said, as I mentioned before, turnkey companies are very go od at marketing, and are very often able to find incredible deals in their area, so even if theyre going to make a great profit when they sell the investment to you, youre still often getting a very good deal. Keep in mind important details Turnkey investing can be a great option for investors who wish to have a more hands-free investment, those who are located in more expensive markets where they may be unable to find good investments for their budgets, and newer investors who would like some help with the particulars and complications that come along with real estate investing. Turnkey companies have great resources for investors. However, it is very important to be a smart investor. Experts suggest that, even though turnkey investing is a great option for those who are located far away from the property, prospective investors should go check out the property in person, even if that means flying across the country, so that they know what theyre investing in. Its also advisable to know your property manager well. As an investor, youll be putting a lot of trust into the turnkey company, so its important that youre on the same page. Some helpful and important things to ask your property manager are: How much experience does your company have? What fees does your company charge? How long, on average, does it take your company to find tenants for new properties? Will your company provide statements each month so I can keep track of expenses and income? What are your companys weaknesses? How well do you know the area? Generally, turnkey rental properties are a great form of real estate investing for those investors without the time, interest, or ability to personally renovate and maintain real estate investments. The most important thing to remember about turnkey investments is to do your research and know what youre getting into, and not be blinded by the possible benefits to this kind of investment.

Employee Involvement Case Essay

For the case 1 â€Å"the sugar substitute research decision†, I will choose high involvement, which is let the subordinates to discuss the problems and identify a solution. So the entire decision-making process is handed over to employees, identify the problems, choose the best alternative and implement their choice. For the second case â€Å"coast guard cutter decision problem†, I will choose the low involvement, which is ask one or more subordinates foe information relating to the problem, but you don’t ask for their recommendations and might not mention the problem to them. So they don’t make recommendations and only participation involves is asking employees for information. Discussion Question 2 The first factor led me to choose high involvement is the decision structure; this problem is not programmed decision but a little bit complexity and more opportunity. This product need to take some source away from other projects in order to required some time and resources before it would be commercially stage. Second, source of decision knowledge could show that the leader lack sufficient knowledge and subordinates have addition information to improve decision quality. I don’t know much about demand is expected and the sugar substitute project beyond my technical expertise. However, the R&D lab researchers are familiar with that field of chemistry. Third, the decision commitment is trended to improve if high level of involvement to her decision. If the employees are unlikely to accept a decision made without their involvement, some level of involvement should be used. For this case, the company R&D budget is limited and other scientist in my group has recently complained th at they require more resources and financial support to get their projects completed. So the employees’ complaints make me chose high involvement. Also, the employees ‘committed make me believe that they have promise to ensure the company’s interest are achieved so that I should give them more involvement to ensure the project could be finished without conflict. For the second case, the first factor led me to choose low involvement is that this is likely programmd decisions which are follow  standard operating procedures and they have been resolved in past. So there is little needs for high involvement that may waste of time under this necessary and risk situation. Second, the leader has much knowledge to solve this problem which may occur in the past, and as the captain, I totally understand the mission and the goal for the mission. So that may need less recommendation from other employees who lack of experiences and abilities. However, the low involvement not no involvement, so I received an update weather advisory concerning the severity and duration of the storm, which is important to making decision. Moreover, the decision must be made shortly by facing a lot of risks. So if take long time to make high involvement may lead to unnecessary dangers. Third, the factor of risk of conflict is depend on the situation between the employee goals and norms conflict with the organization’s goals, and this would be take low involvement. Also, if there is low conflict that the employees will reach agreement on the preferred solution, then take low involvement. For this case, my crew members are extremely conscientious about their responsibility, so I don’t need to take additional time to take high involvement under this low conflict with the preferred solutions. Discussion Question 3 To the first case, if take low involvement may take longer time to solve this problem due to the fact that the leader has less knowledge about this technology of projects. Less involvement will not help to improve the number and quality of solutions generated. This case is complex so that need to prepare several alternatives with more available information which the employees who has more knowledge are good to support. Also, with the diverse perspectives and boarder representation of value may help to improve the likelihood of choosing the best alter nativities. Besides, these projects are group work in this organization, providing more involvement is good to make staff fell personally responsible for its success. However, the low involvement may lead to lower turnover, motivation and satisfaction. Moreover, if the leader uses low involvement, there is many more compliant and most likely to resist changes resulting from the decision by leader alone. To the second case, the higher involvement was taken, the higher risk could occur during the decision making. The reason is that the research has  been doing for 20 hours and the weather are more likely to affect the lives in the vessel. So taking time longer to do involvement are defiantly dangers. Also, the captain must be the one who has valuable experiences and ability to make the most perfect decision. So taking long time to doing high involvement could make the whole team lost of control. After all, everybody has different attitude and value that may have conflicts with the mission and the whole organization when they face the risk situation. Furthermore, too low involvement or no involvement may also make wrong decision, so the necessary information from weather advisory concerning are useful for helping the captain decrease the mistake when making the decision in the short time.

The Iron Born President Obama - 2795 Words

Moin Nadeem Mike Horn 6th October 2014 2nd Hour The Iron-Born President Obama (2013) defined soaring economic inequality as â€Å"the defining challenge of our time.† His claim does not go without backing: the current disparity between the wealthy and the working class is the largest it has been since the Great Depression (DeSilver 2013). The middle class, even adjusting for household size, has not seen a raise in over fifteen years (O’Brien 2014). Given, unemployment has decreased, but what of the part-time workers who yearn for the fresh delicacy of full-time employment? They are not receiving the platter of fresh strawberries, juicy steaks, and mouthwatering chocolate fondue to which they are entitled. During the first three years of the recovery, the top 1 percent of earners had seized 95 percent of gains, or ‘platter’, making times rough for those who were hard strapped for cash. (Matthew 2013). With student loans just hitting $1.2 trillion, an increasing wave of individuals indenture themselves to their bank in order to just linger in the middle class (Chopra 2013). The three preeminent methods we can use to combat this emerging economic disparity are self-evident: with the combination of reforming our tax code to benefit the impoverished, inducing a growth in skill-based careers, and creating an educational system which is both economical and practical for the masses, the economic disparity might just bridge itself. Between decades, we have permitted our tax code to lieShow MoreRelatedCharisma and Political Communication Essay1544 Words   |  7 PagesIf I said that Hitler, Obama and Jesus have one thing in common, would you believe me ? Indeed, all these people mentioned have this super ability to move masses wherever they have been thanks to their charisma. Actually there was no concrete agreed on by all definition of charisma. These term has a Greek origin...... Which means grace and special gifts. In ancient Greece, the charits where goddess who had charm, beauty, loveliness and could easily captivate the attention of any given group. TheseRead MoreCurrent World Events Of A Mass Exodus From War-Torn Syria1099 Words   |  5 Pagessystematic genocide and impending generation suppression. The yesteryear of horsepower and the imminent industrial iron-horse created a head-on explosion of America territory expansion. For instance, the Cherokees were uprooted and demoralized from their Georgia territory of spiritual, soul, bone, and mind. Resulting, the Cherokees’ to comprehend the psyche of a newly-elected President Andrew Jackson with liberal aggression authority. The 1760-1820 Industrial Age developed a massive amount of textRead MoreOprah Winfrey Research Paper1548 Words   |  7 Pagesaround their strength and power. Oprah is also the kind of leader that came up from nothing. 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References †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..5 ABSTRACT Among the globalization SMEs has generated, Cochlear ltds successful business direction need to be reformed. This essay outline and estimate Australia born global companies that entitled Cochlear study on marketing strategy according to macro-environment. Through four macro-environmental factors, it can be illustrated how it distinguishes from other markets based on Cochlear ltd’s global marketing mixRead MoreA Brief Biography of Nelson Mandela2188 Words   |  9 PagesNelson Mandela Born on July 18, 1918, in Mvezo, a village in the Transkei, Nelson Rolihlahla Mandela became a prominent figure in global politics until recent times. Nelson was born on July 18 under the name Rolihlahla Mandela, to parents Nonqaphi Nosekeni and Nkosi Mphakanyiswa Gadla Mandela. 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President James Buchanan and the Secession Crisis

The election of Abraham Lincoln in November 1860 triggered a crisis which had been simmering for at least a decade. Outraged by the election of a candidate who was known to be opposed to the spread of slavery into new states and territories, leaders of the southern states began to take action to split from the United States. In Washington, President James Buchanan, who had been miserable during his term in the White House and couldn’t wait to leave office, was thrown into a horrendous situation. In the 1800s, newly elected presidents were not sworn into office until March 4 of the following year. And that meant Buchanan had to spend four months presiding over a nation which was coming apart. The state of South Carolina, which had been asserting its right to secede from the Union for decades, back to the time of the Nullification Crisis, was a hotbed of secessionist sentiment. One of its senators, James Chesnut, resigned from the U.S. Senate on November 10, 1860, only four days after Lincoln’s election. His states other senator resigned the next day. Buchanans Message to Congress Did Nothing to Hold the Union Together As talk in the South about secession was quite serious, it was expected that the president would do something to reduce tensions. In that era, presidents did not visit Capitol Hill to deliver a State of the Union Address in January but instead provided the report required by the Constitution in written form in early December. President Buchanan wrote a message to Congress which was delivered on December 3, 1860. In his message, Buchanan said that he believed secession was illegal. Yet Buchanan also said he did not believe the federal government had any right to prevent states from seceding. So Buchanan’s message pleased nobody. Southerners were offended by Buchanan’s belief that secession was illegal. And Northerners were perplexed by the president’s belief that the federal government couldn’t act to prevent states from seceding. His Own Cabinet Reflected the National Crisis Buchanan’s message to Congress also angered members of his own cabinet. On December 8, 1860, Howell Cobb, the secretary of the treasury, a native of Georgia, told Buchanan he could no longer work for him. A week later, Buchanan’s Secretary of State, Lewis Cass, a native of Michigan, also resigned, but for a very different reason. Cass felt that Buchanan was not doing enough to prevent the secession of southern states. South Carolina Seceded on December 20 As the year drew to a close, the state of South Carolina held a convention at which the state’s leaders decided to secede from the Union. The official ordinance of secession was voted on and passed on December 20, 1860. A delegation of South Carolinians traveled to Washington to meet with Buchanan, who saw them at the White House on December 28, 1860. Buchanan told the South Carolina commissioners that he was considering them to be private citizens, not representatives of some new government. But, he was willing to listen to their various complaints, which tended to focus on the situation surrounding the federal garrison which had just moved from Fort Moultrie to Fort Sumter in Charleston Harbor. Senators Tried to Hold the Union Together With President Buchanan unable to prevent the nation from splitting, prominent senators, including Stephen Douglas of Illinois and William Seward of New York, attempted various strategies to placate the southern states. But action in the U.S. Senate seemed to offer little hope. Speeches by Douglas and Seward on the Senate floor in early January 1861 only seemed to make things worse. An attempt to prevent secession then came from an unlikely source, the state of Virginia. As many Virginians felt their state would suffer greatly from the outbreak of war, the states governor and other officials proposed a peace convention to be held in Washington. The Peace Convention Was Held in February 1861 On February 4, 1861, the Peace Convention began at the Willard Hotel in Washington. Delegates from 21 of the nations 33 states attended, and former president John Tyler, a native of Virginia, was elected its presiding officer. The Peace Convention held sessions until mid-February when it delivered a set of proposals to Congress. The compromises hammered out at the convention would have taken the form of new amendments to the U.S. Constitution. The proposals from the Peace Convention quickly died in Congress, and the gathering in Washington proved to be a pointless exercise. The Crittenden Compromise A final attempt to forge a compromise that would avoid outright war was proposed by a respected senator from Kentucky, John J. Crittenden. The Crittenden Compromise would have required significant changes to the United States Constitution. And it would have made slavery permanent, which meant legislators from the anti-slavery Republican Party would likely have never agreed to it. Despite the obvious obstacles, Crittenden introduced a bill in the Senate in December 1860. The proposed legislation had six articles, which Crittenden hoped to get through the Senate and the House of Representatives with two-thirds votes so they might become six new amendments to the U.S. Constitution. Given the splits in Congress and the ineffectiveness of President Buchanan, Crittendens bill did not have much chance of passage. Not dissuaded, Crittenden proposed bypassing Congress and seeking to change the Constitution with direct referendums in the states. President-Elect Lincoln, still at home in Illinois, let it be known that he did not approve of Crittendens plan. And Republicans on Capitol Hill were able to use stalling tactics to make sure the proposed Crittenden Compromise would languish and die in Congress. With Lincolns Inauguration, Buchanan Happily Left Office By the time Abraham Lincoln was inaugurated, on March 4, 1861, seven slave states had already passed ordinances of secession, thus declaring themselves no longer part of the Union. Following Lincolns inauguration, four more states would secede. As Lincoln rode to the Capitol in a carriage beside James Buchanan, the outgoing president reportedly said to him, If you are as happy entering the presidency as I am leaving it, then you are a very happy man. Within weeks of Lincoln taking office, the Confederates fired upon Fort Sumter, and the Civil War began.