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Category: General Article

Benefits of Investing in Multi-Family Real Estate

People all over the world are investing in commercial real estate and becoming successful at it. Steven Taylor Landlord alone has invested more than $500 million and made a name for himself in Los Angeles. If you’re considering real estate investment, you may be wondering which route to go. Businesses tend to come and go, but people always need a place to live. Of course, there are several other reasons to consider investing in multi-family properties.

It Is Easier to Finance

It’s no secret that purchasing multi-family property is often more expensive than other types of commercial property. What you may not know is that multi-family properties like apartment buildings are also much easier to finance. It is even easier to finance than a single-family home in many cases, and this is because an apartment building is almost guaranteed to create cash flow. When cash flow is guaranteed, the lender can be sure it will receive its money back.

Property Management Creates More Skills

Sometimes, people decide to purchase apartment buildings because they genuinely enjoy managing properties. If you enjoy getting to know your tenants and ensuring they are happy with your buildings, you will enjoy property management. This also creates skills such as communication abilities, money management, and even landscaping if you prefer to take care of your own lawns. Of course, there is no rule stating you need to manage your own properties. You can always hire a management company to do it for you, leaving you to handle nothing but the investment portion of the job.

You’ll Grow Your Portfolio Faster

When you purchase multi-family property, you can grow your portfolio more quickly. One property with 20 units is a faster portfolio builder than three properties with only one or two storefronts each. It’s also easier

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When To Plan Your Landscaping?

Once summer arrives, you end up spending a greater amount of time in the outdoor areas. That also increases the importance of having great landscaping on your property. However, it is necessary that you start planning for it towards the end of winter itself.

Choose a reputed landscaping company to finalize the design for outdoor features like a patio, an outdoor kitchen, and retaining walls. By the time summer arrives, your outdoor spaces are ready for you to enjoy and plan various activities. If you fail to plan in advance it will only mean you end up supervising the outdoor construction rather than actually using these areas when the weather improves.

 

Plan And Work On Your Planting Schedules

You must make the best of your planting window. You can opt to hire a landscaping company to help you choose plants and find the correct timing to install them. What you need to remember is that each plant, tree and shrub has its unique features when it comes to the soil they need and when they need to be planted etc. Give your landscape the attention and care it deserves. Planning your landscape during spring will help ensure that the outdoor areas on your property are well set by the time summer comes around.

Hardscape Installations

With hardscape construction, the rule of thumb is to inspect the ground. If it isn’t frozen, you are free to work. By late fall, most of the outdoor activities are over, leaving you free to launch your hardscape project. You can start work on a new patio too. Walkways and entryways are ideal small hardscape projects for early spring. Whatever hardscape project you undertake before the warm season, aim at getting the most from your outdoor spaces.

Timing Is Important For Planting

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Beat the Heat Without Breaking the AC Bank

The warmest part of the calendar year is approaching. That glorious season known as summer is around the corner with all of the fun summertime activities that go with it . . . picnics, trips to the beach, backyard cookouts, treks to the park.

When you get home from having fun in the sun, you probably want to kick your feet up and cool off in the comfort of your own residence. Air conditioning companies Tampa FL can help you prepare for the summer months so that relief from the accompanying heat and humidity is only a turn of the key in your front door away. Once your air conditioning needs have been met and you are good to go in this department, there are several ways that you can use that AC system to cool down your house without breaking the bank even in the hottest season of the year.

Program the Thermostat

Programmable air conditioning thermostats have been available for a while now. The technology, however, has improved to the point where you can control the comfort of your home with more precision than in years past. A programmable thermostat can increase the efficiency of the system’s operation, thereby decreasing your energy consumption and monthly power bill in the process. By keeping the house warmer when no one is at home and then programming the AC to kick on at an established time, you can avoid cooling an empty residence while still having cooled comfort awaiting for you upon your return.

Black Out the Sun When Away

An often overlooked tip for lowering your air conditioner bill is to close your curtains or blinds before you leave to keep extra sunlight, and the radiant heat that goes with it, from ever entering the home. This will help lower … Read more