real estate Archives - Freedom Channel

These Coronavirus Short Term Rentals Guidelines are Important for Health Workers

May 11, 2020

A mere six months ago no one could have anticipated what a small virus outbreak in Wuhan China would do to the world. During that time we have seen the virus spread to every nation, cause hundreds of thousands of deaths and millions have contracted it and gotten ill.

The coronavirus has proven to be very communicable and deadly. These two factors have caused economies on every continent to shut down some or all of their activities leading to a worldwide recession and predictions of economic calamity for an extended period of time.

Countries around the world have had to move resources wherever there are virus hotspots in their countries, causing health workers and other first line responders to have to pack up and move out of their home cities. When they move to these hot zones they must have accommodations that fit their specific needs based on key guidelines.

For the majority of those healthcare workers who respond to the coronavirus short term rentals are the best option for accommodations. But these rentals must meet a strict criteria for protecting the health and wellbeing of the healthcare workers.

How to Select the Ideal Accommodations for Short Terms Stays During the Coronavirus Outbreak

If you are in need of accommodations while working in the New York area as a health worker during the coronavirus outbreak, you should select quality corporate housing like SoBeNY. They have facilities that meet the highest standards for comfort, security and safety. Their corporate housing is ideal and provides a relaxing and clean space for you to come back to after long shifts in stressful conditions. Additionally, their housing adheres to and even exceeds the guidelines set by the CDC and WHO for businesses operating during the coronavirus.

The Centers for Disease and Prevention (CDC) and the World Health Organization (WHO) are working closely with governments and businesses to ensure that standardized guidelines and procedures are enforced by any businesses who are serving customers during the coronavirus pandemic.

The guidelines include standards for hygiene and the procedures detail how companies like short-term rentals should treat their customers and their premises. Some of the standards and procedures include:

All businesses providing accommodations must conduct top-to-bottom cleaning and disinfecting of all of our properties using Tier 1 antimicrobial and antiviral products.
All businesses providing accommodations must conduct continual training of staff members in enhanced novel coronavirus awareness.
All businesses providing accommodations must ensure all of our staff members are practicing frequent proper hand washing guidelines.
All businesses providing accommodations must also provide the necessary resources for our staff to practice social distancing, including facilitating work-from-home measures where feasible.

Additionally the best short term rental accommodations like SoBeNY enhance and maintain their ventilation systems within all of their properties to ensure optimal airflow. Good airflow will cause clean air to be circulated and minimize transmission of the coronavirus.

If you are a health worker in need of short term accommodations in the New York area, select a company that takes your health, safety and care seriously.

TitleCard Capital – Tips on Choosing the Right Private Equity Firm

Business

April 8, 2019

TitleCard Capital is a real estate private equity firm who work tirelessly for their investors to provide the very best returns that they can on their investment. I began working with TitleCard around 9 years ago and I have been incredibly happy with how it has all gone so far. Private equity firms are the same across the world, whether they invest in real estate, stock options or oil futures and if you want to invest your money into a diverse portfolio which will be managed by experts, this is a great way to do so. I spent a lot of time weighing up my options before investing with TitleCard and I wanted to offer you a couple of tips on what to look out for when you are searching for a private equity group to invest in.

Returns

The first and most important thing to look at is of course the returns which you should be looking to make from these investments. It is important that you do not focus on the returns which the investment group tell you that you can make, but rather the returns which have been paid out in recent years. Whichever firm you are looking to use, ask them to see some historical data of the last 5 years, marry that up with the returns that they are promising in order to make an informed decision.

Management

I have learned that they key to success for these companies is the right management team, with that they can deliver great results. To make sure that you have a high profile management team looking after your money you should simply look into each member of it, check out their history and make sure that they are the real deal. The team at TitleCard is filled with people with a track record of success and this was part of the reason for my choosing them. If you are looking at a firm who have high turnover and management who don’t have a proven history of success, they may not be the best option.

Investors

This vehicle of investment only works when there is lots of investment coming in and this is something else which you need to be sure of. You should have a basic understanding of how much money is in the pot because if there are limited funds then you won’t be able to enjoy all of the benefits which a firm like this should be able to offer you. Speak with the investment manager to gain an understanding of the financial power which they have.

Gut

It may not be very scientific but your gut will also tell you a lot about whether or not you should invest with a certain firm. If things don’t feel right or the management team just don’t give you the confidence that your money will be safe with them, don’t do it, it is better to wait than make a mistake.

Know your rights: what you should do when faced with an eminent domain order

DIY / Home Improvement

July 21, 2017

If you own property, getting served with an eminent domain order is something that will definitely ruin your day.

As hard as it is to believe, the forced expropriation of private property for public use is an action that is protected by the Constitution.

Worse yet, most cases where individuals fight to retain their land end in failure for the owner. This might sound unfair, but it is best to negotiate with the government than try to defeat them on this issue.

This article will lay out what you need to do to protect the rights you do have when the government moves to evict you from your land.

Hire an attorney who specializes in eminent domain

Don’t make the mistake of trying to take on the government yourself. Eminent domain orders are full of hard to understand terms that are designed to give governmental bodies the best deal possible. As such, you’ll want an attorney who can help protect your rights to the fullest extent.

If you live in Southern California, there are plenty of capable eminent domain lawyers in LA who can take on your case, as they have helped past clients get a level of compensation far above what they would have gotten if they had just settled for what the government was going to give them.

Know what your home is truly worth

A crucial aspect of getting the most from your eminent domain case is to have an appraiser tell you exactly what your land or property is worth.

The government has this data already, but don’t think for a second they are going to give you a fair deal. Instead, their first offer will often be laughably low, as they are eager to show voters how financially responsible they are with public funds.

Once the appraiser on your team tells you how much you should get for your property, you and your attorney can proceed with confidence in your eminent domain case.

Should you settle or try to get more?

Now you should you have an accurate representation of the value of your home – should you try to settle for a price not far from what the government is offering, or should you dig in your heels and try to get more?

If the compensation offered is over and above what your valuation is, or if the housing market in your area is terrible, you should be inclined to settle close to what the government is offering.

However, if they are trying to fleece you with an offer only suckers would take, the local housing market is on fire, or if your home/land will play host to a development that will have a significantly higher value than your property currently has, hold your ground and ask for more – a lot more.

Don’t be too greedy, though: follow all advice given to you by your attorney, or you might wake up one day to find you have had a settlement imposed on you, along with a 30-day notice to vacate.

Resisting eminent domain: a risky play to make

Think you can achieve total victory over the government? To be fair, some people have, as there are many examples over time where roads have been built around property lines after the owners fought a pitched political battle against local authorities.

For every success story, though, many get crushed, with only a pitiful compensation check to show for their struggle.

Don’t martyr yourself over a piece of land – hire a smart eminent domain lawyer, and you’ll be able to get a settlement that will give you all the cash you’ll need to reboot your life in a better neighborhood.

Wealthy locals support the economy of prime central London

DIY / Home Improvement

February 7, 2017

The economy of prime central London is run by its wealthy residents — Photo by CC user Arriva436 on Wikimedia Commons

It is a widespread misunderstanding that the residents of prime central London do not contribute anything of value to the local economy. However, premier estate agents, Wetherell, have released a new report which shows that residents do in fact represent a significant support division in the prime central London economy and local neighbourhoods support the leisure, employment, and shopping sectors considerably.

There are currently 2,000 millionaires calling Mayfair home, of which 20 are billionaires, and 200 earn a nine-figure salary. Supporting data in the report provided by Westminster City Council, Dataloft, and EGI reveals that these wealthy residents contribute a generous £2.5 billion to the UK and local economy each year. Findings illustrate that the most supported areas in the local economy by people of the prime neighbourhood are luxury shopping, consultants, and employment. The annual spending review exposes spending of £2,700,000 on Interior Design and Artwork, £644,000 on Clothing, and £325,000 on Staff, at super prime households worth over £15 million, in Mayfair.

NUMBER ONE ADDRESS IN PRIME CENTRAL LONDON

Mayfair has always graced prime central London’s premium addresses and global destination wishlists with its presence. Despite this consistency, the exclusive neighbourhood has appealed to a changing profile of people over the years, with residents of the area getting younger each year. 43 percent of households in Mayfair are currently home to prosperous young couples and singles, with a high level of education. The property market in the district offers a rising number of flats designed specifically for this residential profile, making Mayfair younger by the day.

In addition to younger residents, Mayfair also attracts a broad range of people from around the world, with over 42 nationalities calling the neighbourhood home and over 60 percent of current residents having been born overseas. This ever-changing mix of people attracted to Mayfair is likely to continue changing as time goes on due to the shift in global economy and fortunes cropping up in other locations. Currently, 540 billionaires reside in the US, while 251 are in China and 120 in Germany, according to the Forbes Rich List. There are fewer Russian-speaking billionaires of late, and the Middle East has seen a fall as oil prices decline.

THE EXPANDING PROPERTY MARKET

Mayfair is set to undergo a major transformation this year, with further developments spanning the next five years. W1K has historically been the most expensive address in Mayfair, but with a long list of luxury developments in the pipeline, prices will begin to spread, and sales prices will increase, expanding the most expensive postcode across W1S and W1J.

The current property account in Mayfair consists of 4,348 homes, of which wealthy tenants privately rent 2,173 with an average weekly rental amount of £1,387, homeowners maintain 1,305, and the final 870 are social houses. Of the 1,305 owned properties, five percent are estimated to be worth under £1 million, while 45 are worth over £10 million. The remaining 50 percent are valued between £2 million and £10 million.

If the current property values were not enough evidence of Mayfair’s affluence and exclusivity, the average cost of a flat or house entering the current market is over £1 million and £4.8 million respectively. Despite the Global Financial Crisis, the prime central London property market remained stable, with current house prices higher than before the crisis began in 2007. Mayfair property prices have been growing at a slightly lower rate than the 45 percent last year, at 42 percent, but higher than the latest decade average of 30 percent.

The most recent decade has seen house prices in Mayfair grow by 188 percent, which is a substantial difference to the growth in wider prime central London. The Mayfair property market even outperformed the equity markets, making it the perfect place for investment.

Moving forward, the luxurious district will continue to allure affluent residents, with the ability to provide new properties offering everything that the modern dweller desires. With the demand for luxury living growing and Mayfair in a position to provide advanced technology and exclusive design in its properties, these new homes can reach new price levels, with the most premium developments driving a 100 percent price tag over the current average house price in Mayfair. With that in tow, Mayfair will continue to grow and remain healthy with the local economy supported by its residents.

Tips on Getting a Great Deal on Commercial Real Estate

Finance

October 1, 2016

Getting involved in real estate investment can give you a great opportunity to make money, in particular within commercial real estate, an area of real estate that is often overlooked. Sometimes the scale of the project puts people off investing in commercial real estate or sometime the amount of money that is attached to it, the rewards however can often be far bigger than with residential properties. If commercial real estate is something that interests you then here are some ways that you can get a great deal on your next property.

Use a Broker

Many people dismiss the idea of using a broker due to the costs attached but the benefits of using one far outweigh the negatives, especially if you are new to the game. I began investing around 3 years ago and use The Welfont Group, they have not only negotiated some excellent deals for me in the past but found property when I wanted it, managed my investments and more importantly, helped me to make a considerable amount of money. The cost of paying a broker is well worth it, they are the geniuses of the industry who have insider knowledge and who will watch your back when it comes to your assets.

Learn All That You Can

Even if you opt to use a broker, it is imperative that you learn all that you can about the commercial real estate industry and in particular the way in which it operates differently from residential real estate. Before I made my first investment into commercial real estate I read as many books, magazines and websites as I could for around a year. My idea was that if I was going to part with so much money then I simply had to know everything about the industry in which I was putting it into and you should do the same, that way nobody can pull the wool over your eyes.

Don’t Discount Run Down Properties

Very often people completely discount the idea of a property that is simply in need of some TLC, this gives you a great opportunity to snag a bargain. Naturally there are some buildings that are more trouble than they are worth but at the same time there are many that, with a little investment and hard work can turn you a great profit. Much of the time the owners of these properties simply want to get them off their hands so will accept a low offer and, providing you have a team in place to renovate the property, you can make great profits from these buildings. If you do see a dilapidated property then contract someone in the know to look it over for you, often there can be problems that the untrained eye can’t see and the last thing that you want is to buy a property that simply can’t be saved. The cost of paying a professional to the view the property beforehand will pale in comparison to investing on a property that requires large-scale renovation work.

Tag: real estate