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Homes For Sale Near Me

Residential Property Management – How to Set Up a Chart of Accounts

We have several balance sheet accounts. We have assets, cash, receivables – rent that’s not been paid but is due – supplies, pre-paid rent, the value of your building less accumulated depreciation, and then you have equipment. There are some other accounts that in theory you could put in here, but it’s really not required.
Liability Accounts
Then we have what are called liability accounts. These are your accounts payable. These include salaries payable, taxes payable – real estate or even income taxes. If you have a mortgage on your property, mortgage payments, you would set it up as a liability.
The third compartment of all balance sheets is your equity. Your owner’s equity and the amount maybe you’ve taken out of your business.
These are a basic, fundamental set of chart of accounts that you can take and can incorporate into your balance sheet. Things like Quicken and …

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Property Search

How Does Real Estate Investment Software Make You Money?

Real estate investment software can make money for any agent or investor engaged in real estate investing. First, because it significantly reduces the amount of time it would take for anyone to create a rental property cash flow analysis or marketing package manually. You benefit because the software calculates all the cash flows and key rates of return and then creates the required reports for you automatically.
The investment software knows what data is required to create a sound cash flow analysis and/or marketing report. Just fill in the forms. The program will work behind-the-scenes making the calculations, processing the data, and then post it into the APOD, Proforma Income Statement, Rent Roll, Executive Summary, graphs, and other reports.
There are no formulas to learn, no spreadsheets to format, no calculations to make, and in fact, no functions of real estate investing to understand. So the results are immediate, correct, …

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Homes For Sale By Owner

Major Factors Behind the Residential Real Estate Investment Principal’s Success

If you have had the opportunity to read “Good to Great” you are familiar with the hedgehog concept. This is the idea that the most successful companies select and manage to a set of self enforcing values and driving principles. In so doing their success becomes something of a self fulfilling practice. Principals and their investments are much the same. Although because of the narrowness of the subject areas these self fulfilling concepts are perhaps more easily identified.
Successful principals are narrowly focused on a set of characteristics that define successful projects for them. Characteristics could include age of the property, construction type, amenities or lack thereof, location factors, traffic factors, number of units, required or potential improvements.
Successful principals have a management approach that parallels and supports the project plan. For example, the management could be heavily sales focused with larger than normal advertising budgets, additional sales training, and …

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Townhomes For Sale

What Is the Very First Thing You Should Do Before Investing In Real Estate?

In this article I would like to share with you the very first decision you need to make in order to have a successful real estate investment. This may come as a surprise to some of you.
Whether you are investing in your first property or your next one, this decision will be critical to your success.
Most investors start out with good intentions, realizing that they want to get all of the benefits of investment real estate – especially in apartment properties and commercial real estate. These investors know that they can achieve 4 different types of income from their properties, including:
1) Cash Flow
2) Principal Reduction
3) Property Appreciation
4) Tax Benefits
They are ready to get started, but they fail to make this first distinction, which is this:
You must first decide whether you want to be an ACTIVE INVESTOR or a PASSIVE INVESTOR in apartments …

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General Articles

Bold Red Sectional Sofas Adds A Chic Look

Bold Red Sectional Sofas Adds A Chic Look

A sofa plays a very important role in the house. It is the main furniture of the living room where the family members and guests are seated. It should provide optimum comfort and relaxation because it is usually the first place where people sit and relax after coming back from work. Many watch television while sitting on their sofas. Realizing the importance of a sofa, people tend to choose the best one which not only look pleasant but provides ultimate coziness.

Nowadays Americans mostly choose sectional sofas because they have a lot of benefits. Moreover, sectional sofas are considered to be the most stylish furniture ever made. It varies in a great range of designs, styles and materials which are irresistibly tempting. The best part about them is that they are divided into sections thus not at all difficult to carry and …