Sunday, May 31, 2015
Millennial model
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How blowing it out big becomes a way of life
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CARiD making mark as online auto accessories site
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Bread winner Zevoteck follows entrepreneurial passion
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Chain reaction
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Retail debate around the state
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One city's growth plan All stores are welcome
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Downtown group There are many ways to grow
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PlanSmart to develop reuse plan for campuses
Chain reaction
Retail debate around the state
One city's growth plan All stores are welcome
Downtown group There are many ways to grow
Tips On Commercial Real Estate That Help You Find A Great Deal
Investing in commercial real estate can be lucrative, but there are many things you will need to know before you get in. The information in this article will help you learn about the pitfalls and opportunities in this dynamic field. Understanding and applying these tips, will increase your chances for success.
If you’re selling a commercial property, emphasize how your building can be used for different purposes. Even though it may be used for one purpose, make sure that prospective buyers see how easily it can be converted into a different use. This way you get a wider range of people who are interested in your property; if they can see themselves in it, they are more likely to buy.
Short sale auctions may seem to be quite alluring, but prepare yourself to lose out on the house by being over bid at the last minute. There are many people who have lost out on a home at the very last minute for slightly more money than what they had bid.
Even though your broker has all of the connections and the know-how, make sure that you find one that is still going to allow you to be in control. In the end, you are the one that is going to be dealing with the property, so you should have the most control over the situation.
You should consider commercial real estate to be a long term investment. Think about your decision thoroughly, take time to complete your transaction, and get your apartments ready before you rent them. You will be making money slowly at first, but once you have paid off your loan, you will be making huge profits.
Think about getting in commercial real estate with a partner. You have to be able to trust this person and agree on a way to share the benefits. If you are only using a partner for financing, simply pay them back. A partner can help you by sharing his good credit and will spend time looking for deals with you.
You know already that you’re a motivated buyer; now you just have to find an aptly motivated seller who is ready and willing to list and sell their property for well under the market value. Seek out owners of commercial properties who have a pressing need to sell and are therefore more open to negotiations.
You need to decide what type of commercial real estate you are interested in buying before you even speak with a real estate agent. You need to have at least a general idea of what you are looking for so that the real estate agent will know what properties to show you.
As this article has shown, commercial real estate can be a great investment, but the best chance to make a profit goes to those who are knowledgeable and prepared. If you follow the advice discussed above, you will have a head start towards benefitting from the challenges and opportunities presented by this exciting sector.
The post Tips On Commercial Real Estate That Help You Find A Great Deal appeared first on Turnbull Real Estate.
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Saturday, May 30, 2015
Simple Advice For Dealing With Commercial Real Estate
You will have a hard time finding the right kind of property if you do not know where you should look. Make sure you read this article.
If one likes skiing or wants to own some real estate that will have an attractive feature for renters they should consider buying a property that is close to popular skiing areas. By buying real estate close to these areas one can attract renters and have a place for themselves to use.
Before you rent a house or an apartment, make sure to ask how much trash you’re allowed to throw out. Some places only allow a few trash bags and nothing more. They may charge you extra if you need to throw out larger items, such as furniture or boxes. Make sure that you are aware of all of the rules before signing a lease agreement.
If you are looking to purchase and then eventually lease a commercial property, try to find a building that has a lot of space. Trying to lease out dwellings that are too small is going to be hard– people want to be in a spacious area, not a claustrophobic one.
If you come in contact with a person that represents a property that you have your eye on, make sure to ask them what their part is in this equation. It is important that you know this because you have to do all that you can to protect your personal interests.
When setting up a rental agreement with a new tenant make sure you draw up an official contract. Even if your renters are your own friends or family. You do need to protect yourself and your property. Make sure your expectations are in the contract and they know exactly what you would expect from them.
If you are considering investing in real estate, you should buy as many units as possible. You are going to need some kind of financing anyway, so why not borrow as much as possible? You will get more money from your investment, and when you buy many units together, the price of a single unit goes down.
If you think small apartment buildings would be more manageable, think again. A greater amount of units allows for more profits, and it’s not much more of a burden. As long as you concentrate on a single property (at least until you’re confident enough with it to branch out), you’ll see how easy it can be to flourish in commercial real estate.
Make sure that you choose the right size property for the size of your business. It is not a good thing to have a space that is too small because it will restrict you, but having one that is too big will have you paying a lot of money for extra space that you do not even need.
This article discussed useful methods that you should keep in mind when you are going to buy or sell commercial property. Apply this information to your own successful future transactions, and remember to stay hungry for new ideas.
The post Simple Advice For Dealing With Commercial Real Estate appeared first on Turnbull Real Estate.
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Friday, May 29, 2015
EDA grants extension for updated American Dream project incentives application
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EDA grants extension for updated American Dream project incentives application
Louis Berger consortium wins development contract in West Africa
Tried And True Real Estate Investing Tips
There is no doubt that real estate investing is very popular, but it can also prove dangerous. Knowing the potential pitfalls is important no matter what level of experience you have in real estate. Follow the advice here for successful real estate investing.
Never give up if you ever experience a setback with your plan and strategy. The real estate market is filled with many great and bad times, so make sure to stay strong if you hit a lull in your search. Persistence is the key to success when dealing with real estate.
When looking at investing in retail or industrial properties, consider two guidelines. First, you shouldn’t overpay for where you buy things. It’s also important to make sure that too much money isn’t spent on the property. Use an independent inspector to come in and value the property, and have that person tell you what is expected in any type of rental. If the numbers are good, then it’s a good buy.
Keep an accountant on speed dial. You can be aware of tax laws and current taxation; however, there are many variables to keep in mind. A good accountant, that understands and keeps abreast of tax laws, can be an invaluable asset. Your success with investing can be made or broken by your approach to taxes.
Get to know others in the real estate market. This will give you a stronger foundation than just reading books. Knowing several friends who know about investing in real estate can help. A great way to find some is by using the internet. Join some online forums or investigate real-world meetings.
When you invest in real estate to rent the property, make sure you’re able to get your money back within a reasonable amount of time. If it takes you years to get the money back in rental payments, then it will be hard for you to use the money on anything property related.
Never invest too much money in the beginning as this can cause a lot of problems down the road. Overextending yourself can lead to problems with your savings plans and prevent you from buying great properties in the near future. Develop the proper budget and follow it to a tee.
When you start out in real estate, things can seem pretty perilous at first. The more aware you are of these pitfalls prior to starting, the more successful you’ll be. Remember these guidelines and you will surely enjoy success when it comes to real estate.
The post Tried And True Real Estate Investing Tips appeared first on Turnbull Real Estate.
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Thursday, May 28, 2015
Freehold-based REIT buys Pa. home community
NAI Mertz inks industrial lease for Internet merchandise distribution company in Dayton
Amazon looking for 'hundreds' more workers in Robbinsville
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Working for the rental the gap between income and making rent
Confused About Commercial Real Estate? Read These Tips
Commercial properties are a great way to make money. This type of investing isn’t for the faint of heart, however, you’re also risking a large amount of money on each property you buy.
Purchase contracts vary in many different ways and can really be misleading to the untrained person trying to work their way through them. A real estate agent will help you maneuver through this part of the process so you will not end up finding out any loopholes that you may have missed down the road.
When you begin to advertise your real estate through a website, you must understand that you have a very short amount of time to catch your visitors attention. If your content is not focused, you will instantly lose thousands of potential buyers. Make sure your site is focused if you want to get customers.
An important tip to remember with rental real estate is that you want to make sure you have a good feel for your tenants before renting out to them. This is important because you not only need to plan as best you can for how long they plan on renting, but also if they will make payments on time and treat your property well. Treat the meeting like a job interview and treat your property like a prize.
One important tip to remember when investing in commercial real estate is that you need to approach it differently in every aspect than residential real estate. This is important to know ahead of time because you will need a much higher down payment ratio, and you also need to find out which lenders will cater to your particular situation. One aspect that is safer than residential real estate is the fact that your own personal credit will not suffer if there are negative unforeseen circumstances that cause the deal to end prematurely.
You should consider commercial real estate to be a long term investment. Think about your decision thoroughly, take time to complete your transaction, and get your apartments ready before you rent them. You will be making money slowly at first, but once you have paid off your loan, you will be making huge profits.
Make sure to evaluate the neighborhood, as well as how the area will develop. Location is almost always the most important key in finding the right commercial property. Attend open houses and talk to neighborhood home owners who can give you some tips about their neighborhood. An honest answer will always come from people who live there.
Upon the hiring of your broker, one of the things that you should do is form a contract. This will help to put things in writing to clearly state the exact terms that you want. Also, if they break your agreement, this will help to give you leverage in court.
There is a considerable amount of money to be made in commercial real estate. Commercial properties require very large down payments, and it is crucial that you do your research to ensure you secure the best possible deal. This article should provide you with some tips and tricks that will help you succeed in commercial real estate.
The post Confused About Commercial Real Estate? Read These Tips appeared first on Turnbull Real Estate.
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Wednesday, May 27, 2015
Making More Money Off Your Real Estate Investments
It can be difficult to find reliable information on real estate investing. If you want to know a few things on the subject, then this article is a good place to be. You are now going to be educated about real estate investments.
Do not be afraid to spend money on marketing. It is easy to just focus on the numbers and get fixated on how much marketing is costing you. However, it is important to think of the marketing as an investment in and of itself. If done the right way, it will only benefit you in the end.
Careful not to overextend in terms of buying property. Real estate investing is very exciting, and sometimes it can get the better of you. You may bite off more than you can fiscally chew. Know your numbers and your budgets and stick with them. Even if it seems like an easy flip, don’t go past your budget!
Make sure that you dedicate a good amount of time to the business and learning about the business too. You might have to reduce activities that could cost you later. You might have to give up a night of bowling league to spend time improving yourself as an investor.
Be careful about choosing properties with strange room layouts. You may personally find it interesting, but many people don’t like these strangely developed properties. They can be extremely hard sells. Picking one up without a potential buyer in mind can lead to it sitting in your inventory for months, if not years.
If you want to get into real estate investing, but do not have enough money to buy a piece of property on your own, do not fret. Look at real estate investment trusts. Operating much like mutual funds, you can invest what funds you have available into a larger group pool and still make some money off of real estate mortgages.
Follow blogs by those who have been successful with real estate investments. Or, become a part of an online group. This will help you learn useful strategies. An online investment group allows you to speak to other investors.
Clearly, real estate investing is simple when broken down into its elements. Research is an essential component of any successful real estate investment plan. It’s not that difficult, and now you are armed with vital information to assist you in your real estate endeavors.
The post Making More Money Off Your Real Estate Investments appeared first on Turnbull Real Estate.
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Tuesday, May 26, 2015
Stockton files complaint against Caesars over Showboat deal
Modest Growth Expected in Commercial Real Estate Markets
WASHINGTON (May 26, 2015) — A stronger labor market and increasing household formation should keep commercial real estate demand on a gradual incline, according to the National Association of Realtors® quarterly commercial real estate forecast.
National office vacancy rates are forecast to slightly decrease 0.1 percent over the coming year as the demand for office space slowly improves. The vacancy rate for industrial... Read More
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Plenty in the pipeline Hampshire has 500M worth of projects working
Savills Studley adds consulting services manager
Successful Tips For Commercial Real Estate
In these hard economic times, you certainly want to make sure your investments will turn out to be successful. Commercial real estate, if done wisely, can become a great source of profits. This article contains several easy tips to help answer your questions and help you make the most out of your investment.
Before you make a large investment in real estate, take a look at local income levels, unemployment rates and the expansion or contraction of local employers. Commercial property near hospitals or schools have higher property values; these properties are also easier to sell.
As you begin your search for commercial real estate investment opportunities, you should do your homework on the local residents and their key demographics. Look at median income, population growth, and local employers. This information offers insight into the type and number of people who will be ultimately driving and determining local businesses, i.e. future tenants of commercial properties.
When you have narrowed down your search to a few properties, hire someone to conduct a solid inspection tour. This will help to eliminate any surprises if you desire to go through with the purchase, allowing you to get the best value for your investment. Protect against bad decisions with this technique.
When considering the purchase of commercial real estate, it is important to understand that you may incur upfront costs that are significantly higher than those in normal residential transactions. You will still need to have the property you are considering appraised and assessed by property inspectors, engineers, and other appropriate tradespeople as you determine its worthiness. These inspections can cost upwards of several thousand dollars and may end up yielding information that will lead you to the decision that the property is not a viable investment after all. While this is valuable information you want to know before finalizing your contract, it is important to understand that these “sunk” costs can occur.
Commercial real estate is a whole different ball game. If you are looking to purchase or sell a piece of property in this category, make sure that you have a professional agent who specializes in this field. Their contacts and knowledge will be essential in the transaction and marketing.
If you aim to get in a commercial real estate lease, you should watch out for increases in rent. These can be a fixed dollar amount or could be determined by a set formula. You need to be sure you do the proper amount of research beforehand to prevent you from being surprised by these sudden increases.
When negotiating a commercial real estate lease you should beware of certain restrictions that could be on your lease. You should look for restrictions on signage, subleasing, and the type of use that is allowed on the premises. If you do not look for these restrictions, you could be in a lease you do not need to be in.
Commercial real estate can indeed be a great investment and one that can turn into a long term asset. However, it is not only very difficult and time consuming, but it also takes a lot of input on your part. Apply these simple tips and methods to make sure your time and effort is worthwhile.
The post Successful Tips For Commercial Real Estate appeared first on Turnbull Real Estate.
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Monday, May 25, 2015
Tips For Finding The Perfect Carpet Cleaners For Your Home
Do you have dirty carpets? Do you want to improve how they look? Regardless of why your carpet is dirty, a professional carpet cleaning should be able to help. Read on to find out more on how the process of professional carpet cleaning works, and how to find the right company for the job.
When looking for a professional carpet cleaning company, always consider the cleaning process. There are different ways professionals use to clean carpets. Dry treatments, wet treatments, steam cleaning and a variety of others are available. Some require significant drying time or could require that you leave the home. Choose the one that works best for you.
When hiring a carpet cleaning company, make sure you do some research and find one that has a good reputation. Talk to your friends and family to find one who worked for them. That is a good place to start. If you do not know anyone who has used a carpet cleaning company, search online for reviews from others who have used a service in the past.
Always research the company that you are hiring to clean your carpets. They need to be bonded and insured before they set foot inside your house. If they are not, then you are going to be in a bad position if a worker gets hurt inside your home or a worker decides to steal from you.
Ask a potential carpet cleaning company which products they use to clean carpets. Believe it or not, this is a big deal, as some of the chemicals used by these companies may harm children, the elderly, or pets. If the company refuses to answer your question and provides you with the answer you did not want to hear, go with another company.
Ask the carpet cleaning company if they vacuum before they start the cleaning process. There is a huge difference in the outcome of the job depending on this factor. If they tell you that they don’t, you should call someone else. You want the job to get done as effectively as possible.
Before you hire a carpet cleaning company, find reviews on the company. There are many ways that you can find out if others have liked a company and what kind of work they have done in the past. There are sites online you can use to find what others thought, or you can ask your friends.
Ask for an estimate before you have any carpet cleaning done in your home. Some companies run specials, but may have a fine print clause. Some companies clean by room size. Talk to any company you are considering and find out all the costs involved so you do not get a surprise when it comes time to pay.
A great carpet cleaner can significantly improve the appearance of your carpets. The tips you learned here should help you as you choose the right carpet cleaning company, so you can enjoy the results. Use the information you have learned, and the result will be a gorgeous carpet.
The post Tips For Finding The Perfect Carpet Cleaners For Your Home appeared first on Turnbull Real Estate.
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Sunday, May 24, 2015
Providing sense of security, comfort, all year round
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Making a splash
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Roaring revenue
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Trading up in N.J. office market
What You Need To Know About Roofing Your Home
How do you feel about your knowledge base concerning roofing? If you think that you need to know more before tackling a new roof on your home, then continue reading. There is much to consider, and it’s a big commitment and investment. Surely, it’s been awhile since you’ve had to add a roof, so find out what you’ve yet to see.
One of the biggest foes of your roof is ice. When gutters back up and freeze up, they can push the shingles and even wood up off the top of your house. Once that ice begins to melt, it will leak inside and rot out your home. Watch for ice build up and fix the problem quickly.
If you live in a snowy climate, you would be wise to be careful when removing snow from your roof. Make sure you don’t damage the surface when shoveling snow away. For optimal safety, try using a soft bristled surface broom to remove the last bit of snow instead of using a shovel.
Make sure your grass is cut before the roof on your home is removed. Shorter grass will make it easier to locate and pick up any nails that are removed from the roofing materials. Some contractors use a magnetic device to find stray nails. These devices are most effective when used on shorter grass.
If someone comes to your door and offers you a free roof, question their motives. Don’t let them up onto your roof – instead, call your insurance agency and ask them to inspect the roof. Until the insurer says you need, and will be covered for, a new roof, don’t sign anything.
Don’t choose a roofing company based on only the price. Price isn’t a reliable indicator of what company is best for your roofing needs. There are times when you might be offered some rebates and discounts that could lower the price. Try taking the time to make calls, read over contracts and written estimates, and ask questions that you have before making your final decision.
Get multiple quotes from multiple roofing companies. Not all companies are the same. You could see a company with huge ads in the Yellow Pages, but that doesn’t guarantee the quality of their work. Obtain multiple quotes from various roofing companies and compare their details to each other. Try only getting bids from licensed contractors since some states don’t require licenses for roofing contractors.
Now that you’ve read this article, you have what it takes to feel confident as a new roof is put on your home. This is a big deal, and you should be happy that you’re knowledgeable about the process and what is happening. No one wants to enter into such a big situation with a half deck.
The post What You Need To Know About Roofing Your Home appeared first on Turnbull Real Estate.
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Saturday, May 23, 2015
Read This Article Before Investing In Real Estate
Many Americans are concerned about the current commercial real estate market. In the past, many believed that it was a good investment market, but these days people are shying away from it. The following article has several tips to help you out if you are looking to invest in the current market or even if you yourself are a homeowner.
If you have decided to become a landlord, join an association of landlords in your local area. Having the extra support can be extremely beneficial. Things likely will go wrong with your rental properties and when they do, you’ll need advice and resources to turn to.
Determine your financing methods before you even start looking. It is just a shame to find the perfect property only to find that you are in a bind when it comes time to pay. You should determine and qualify with a lender before you start looking for the right property so you have your finances set when the time comes.
The most successful commercial real estate investors are the ones who can find a good deal and know when to walk away from it. Develop an exit strategy and know how to calculate your minimum acceptable levels for payoff, returns, and projected cash flows. No matter how appealing the property may seem, do not hesitate to drop it if it will not perform to your expectations.
If you are looking at a particular commercial real estate listing, and you come into contact with a person who is at the property – be sure to find out if they are an agent or an employee of the owner of the property. It will protect the interests you have in the property.
There is a learning curve that you have to face when you start investing in commercial properties. They are far more expensive than residential properties, and there is a lot to learn. It can take a considerable amount of time to make offers and screen deals.
When entering into commercial real estate, investigate the track record of your broker. You will want to hire someone who not only specializes in your unique interests, but has the results to back it up. Treat this as any hiring process that you ever would go through at a typical job for maximum results.
You have decided to invest in commercial real estate, keep your thinking big! When buying a five unit apartment, it will require commercial financing. So, if you were planning on buying a five unit property, why not get a property with at least ten units. It isn’t a lot harder dealing with a ten unit property than it is a five unit property.
When looking to buy a piece of commercial property you may want to look at areas that are not local to you. There are commercial properties that are for sale everywhere. Some are more reasonably priced than others are. You could start making a profit off of a piece of commercial real estate a lot quicker if you put less of an initial investment down.
By following the above tips you will be able to stay active in the real estate market, even in these financially trying times. You can now see that it is not necessary to avoid this market as long as you are aware of the risks and rewards that are present.
The post Read This Article Before Investing In Real Estate appeared first on Turnbull Real Estate.
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Friday, May 22, 2015
Developers Normandy, MRY add to stable of Summit projects
Interested In Investing In Real Estate? Try These Tips And Tricks
You can really score big with real estate investing, but you can also lose big if you are not careful. So here is some great advice to help you get started on the right path. Keep reading this article for some good ideas that you can use to find real estate success.
Do not be afraid to spend money on marketing. It is easy to just focus on the numbers and get fixated on how much marketing is costing you. However, it is important to think of the marketing as an investment in and of itself. If done the right way, it will only benefit you in the end.
Once you are sure that your investments will be in real estate, you should set up either an LLC or a similar entity. Protecting yourself and your investments is the best way to proceed. Also, you might secure tax benefits due to your business endeavors.
Get an understanding of tax laws and recent changes. Tax laws are updated and amended regularly which means it is up to you to keep up with them. Sometimes the tax situation on a property can really up the hassle. When it seems to be getting to thick to manage, consider a tax advisor.
If you purchase a property and need to make repairs, be wary of any contractors who ask for money in advance. You should not have to pay before the work is done, and if you do, you run the risk of getting ripped off. At the very least, never pay the full amount ahead of time.
If you’re going to want to do some home projects on your property, then you need to make sure you know what you’re doing. When home improvements are done wrong, it could really make your real estate drop in value. It may just be best to hire someone that knows how to fix the problems the property has.
Choose wisely who you allow to live in your rental property. The prospective tenant should have enough funds to pay a deposit plus the rent for the first month. If they cannot come up with the money, they are likely to have problems paying rent too. Find someone else.
The right advice makes all the difference when it comes to being a real estate investor. Go back over these tips to better understand how to invest, then soon enough you will see how simple it is to create real estate wealth. Knowledge is power, so don’t be afraid to share what you have learned with others as well.
The post Interested In Investing In Real Estate? Try These Tips And Tricks appeared first on Turnbull Real Estate.
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Thursday, May 21, 2015
Old Bridge site sold for 2.15M to house used car franchise
A look at the history of bank architecture in N.J.
New life for iconic Newark tower Devco creating student housing for Rutgers at former American Insurance Co. headquarters
Vacant banks, rich with character, provide new opportunities for developers and businesses
Sitar Realty brokers leases in Central, South Jersey
Premium Tips For Your Insurance Needs
Finding the right policy to protect whatever it is that is important to you, or as a legal mandate, can be quite a cumbersome task. There are so many ifs, ands, and buts; however, this article is designed to give you the tips you will need to make selecting a policy easier.
New insurance companies may come calling all the time. But before you make the leap, be sure to scruitinize the fine print carefully. What looks like a good deal on the surface may be the real thing. However, there may be many small but important differences between your current policy and the one you are considering (premiums, deductibles, coverage limits, etc.) So be sure you know what that next boat looks like before you jump ship.
Buy your insurance when you are young to save yourself money. The younger you are, the lower your insurance premiums are going to be. At a young age, you are extremely low risk for an insurance company so they are willing to charge you less as they know they probably won’t have to pay out on your policy.
Look for a pet insurance company that does not have a “maximum lifetime benefit” clause. These clauses basically mean that they will only pay a certain amount for a policy item throughout the life of your pet. Once you hit that limit, the rest of the costs are up to you.
Once you paid for your insurance policy or made the first payment, be sure that the paperwork is forwarded from the broker or agent to the company. Insist on getting a receipt which references your policy number. You should receive a written policy from the insurance company, 30 to 60 days after purchase.
Often, you will wish to consult other customer reviews of certain insurance companies before investing your money in their policies. By consulting websites like Angie’s list and other such user comments, you can gain a sense of the current public opinion toward an insurance company. If most of the company’s patrons are satisfied, that may help you form a decision, and vice-versa.
Like with any contract regarding money, make sure to get your insurance policy in writing. The representative may offer you a great deal or specific add-ons, however, if you don’t get it in writing, it is not enforceable. Sometimes, agents will make promises they can’t keep and it is up to you to make sure they keep to their word.
To have the best relationship with your insurer, make sure to choose a company which is top-rated in the industry. It’s one thing to get a deal, but it’s another to have trouble with that company’s customer service. Top-rated insurance companies will make the process of filing a claim or adjusting your insurance easy, and you can rely on them to help you in your time of need.
If you are trying to find an insurance policy, for whatever purpose, make sure that you don’t go into it blindly. If you have a good idea of what you need and why you need it, you can make an educated and informed decision and as such save money and a lot of hassle.
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Wednesday, May 20, 2015
Rent control, affordable housing crisis are major issues for apartment complex owners at NJAA conference
Walmart to offer jobs to transitioning U.S. veterans in N.J., nationwide
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Verizon sells Basking Ridge complex in 650M leaseback deal
Newark economic development group names CFO
Martial arts studio signs lease in Marlton
Martial arts studio signs lease in Marlton
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How To Assess Your Total Commercial Real Estate Needs
There are different markets for commercial property within the actual commercial market, so things can be quite confusing at times. This article provides some great tips you can use to buy, sell, or locate any commercial property. Just keep things simple, and read this article.
Be patient when handling a deal with a commercial property. The initial legwork is more involved than buying a home. There are more inspections, more work to be done and more paperwork to do. Build this time into your investment plans so that you won’t be caught off guard.
Don’t make any big real estate purchases until you’ve evaluated the unemployment rates, income levels, and expansion rates of the area. Properties located near major employers, like hospitals, schools or distribution centers, are often more in demand at every price range.
When you are renting out a property, try to be prepared for a vacancy. Having a vacancy in one of your properties can cost you a lot of money. If you have a vacancy, try to fill it as fast as possible. You should always remember that you may need to have some money set aside in case of a vacancy because you will probably experience one at some time.
If you are buying or selling a house, there will be a lot of contracts to sign. Make sure you are aware of what you are putting your name on. These contracts are legally binding, and you could be making a large mistake and causing yourself a huge headache if you don’t take this seriously.
Before you rent a house or an apartment, make sure to ask how much trash you’re allowed to throw out. Some places only allow a few trash bags and nothing more. They may charge you extra if you need to throw out larger items, such as furniture or boxes. Make sure that you are aware of all of the rules before signing a lease agreement.
Do some legwork when looking for a real estate agent. Before choosing an agent, take a look around town. What agents or agencies do you see most advertised? Do you see any of their signs in front of houses? How many of these houses have sold? Let this help you make a choice in picking the most promising agent.
If you are looking to purchase and then eventually lease a commercial property, try to find a building that has a lot of space. Trying to lease out dwellings that are too small is going to be hard– people want to be in a spacious area, not a claustrophobic one.
One of the most important metrics that an investor can use to judge the attractiveness of a commercial property is the NOI, or Net Operating Income. To calculate NOI, subtract first-year operating expenses from the property’s first-year gross operating income. A good investment will have a positive NOI, which indicates that the property will bring in more cash than it will require to operate and maintain it.
Markets within a market are something you have to understand fully in any type of business, whether you’re speaking about affiliate marketing or commercial real estate. Knowledge is the key to making sure that you’re always acting with confidence and always going in the right direction. After completing this article you should now have an understanding with regard to approaching commercial property transactions.
The post How To Assess Your Total Commercial Real Estate Needs appeared first on Turnbull Real Estate.
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Tuesday, May 19, 2015
Sitar Realty brokers series of Central Jersey sales
Ripen eCommerce leases space at Roszel Square in Princeton
As Senate passes paint stewardship act, trade group points out its benefits
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BASF division moving offices to new Metropark site
Speculative development driving industrial real estate projects
Beneficial Tips To Getting Your Carpet Clean
Clean carpets a dream of yours? Do you know how to achieve that dream? Hire help! This article outlines the necessary tips and tricks you need to know to hire the best company locally. Read on to find out what it takes so you can get the project done quickly.
Before hiring a company to clean your carpets, ensure that they have a solid reputation. Ensure that the company has references and people who can back them up. A good carpet cleaner will have interior designers, realtors and a handful of other sources that will be able to make a recommendation.
Avoid hiring a cleaning company that you’ve only seen in an ad on television. Many times, these companies are very inexperienced, but they are trying to attract people using flashy advertisements. You need to meet with all prospective cleaning companies in person and you should “interview” several before hiring one.
White vinegar provides a quick way to clean a carpet stain. However, the best solution is to hire a professional carpet cleaner for the job. Never use any cleaning solution before testing it on a small, hidden portion of carpet.
If your carpet requires deep-cleaning, it is best to choose a professional cleaning company. Many people think that just because they can buy a ton of carpet cleaning products at the store that they can effectively clean everything on their carpet. This isn’t true. CRI-certified cleaning technicians have the best carpet cleaning training and products to help your carpet look like new.
Make sure the carpet cleaning professionals are aware of any electrical outlets located on the floor. They do not want to clean these, as it can risk a serious accident. There’s a risk to the equipment and them, but there is a greater risk of having your home damaged.
It is best to clean spills immediately. Use a dry absorbent cloth to remove liquid and scrape away solids material as quickly as possible. Avoid rubbing the stain which will only make it spread and go deeper into the fiber. Instead blot and lift stains before applying you carpet cleaning chemicals.
Before a carpet cleaner comes to your home, ask them if they will be vacuuming your carpet first. If they say no, then you, yourself, should give the carpets a quick vacuum. Doing so will help to remove dirt and debris from the top layer of the carpet, making it easier for them to get deeper into it.
When looking for a professional carpet cleaner, ask for referrals. One of the best ways to find good carpet cleaners is to get referrals from friends and family that have hired a cleaning service before. Advertisements and testimonials can be misleading and dishonest, but getting truthful recommendations from loved ones can be incredibly helpful in your search.
Hiring a company to clean your carpets is now within your reach. Utilize the knowledge you gained here to achieve your dream of clean, fresh smelling carpeting. Once you get the job done, you’ll breathe easy and be so happy with the new cleanliness of your whole home, all thanks to hiring help.
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Monday, May 18, 2015
Avison Young named exclusive leasing agent for medical office facility in West Orange
300 Lighting Way gets three new tenants
Profitable Information About Commercial Real Estate
If you’re a business owner or future business owner searching for real estate on which to run your business, there are a lot of factors to consider. If you’re new to the commercial real estate business you may find yourself overwhelmed. Read on for some important factors to consider when making choices.
Test the wiring in the house before you rent it. It is inexpensive, easy and fast to check the outlets to make sure the wiring is correct. Faulty wiring can not only present a fire hazard, but may also damage your sensitive electronics such as computers and TVs. Ask the landlord to make the necessary repairs before you sign the lease.
Most apartment complexes make you, the tenant, pay for the water you use every month. However, some places go as far as to taking the amount of water your whole building used in a given month and splitting it up among the number of units using it. If you use less water than everyone else, you can end up paying for someone else’s water usage. Make sure that you know of these water usage regulations before signing a lease.
The cap rate in commercial real estate refers to calculate the overall value of income producing properties. Great examples for determining cap rates would be a strip mall, several in a row office buildings, and apartment complexes that have more than at least 5 units. Cap rates will help determine that amount of cash flow you can expect from your acquired commercial real estates.
When dealing with commercial real estate, you will have to develop a plan, well in advance. This will allow you to establish exactly what you want, so that you will have more time to scope out what is available to you. A solid plan of action helps to benefit you significantly.
Speak with all of the high level people at your company to determine the financial plan and budget for the real estate purchase that you are going to make. The last thing that you want to do is to find a great piece of land but not have the funds to cover the transaction.
When purchasing an investment property, don’t forget to think sensibly. If a deal really is to good to be true if it appears that way. Make sure you have all of the facts and understand the information you’re given completely. Don’t rush through a process without fully understanding what you’re getting into, and being comfortable with it as well.
When dealing in commercial real estate, never act in haste and end up making a bad decision. Commercial real estate deals do take longer than family houses do. Everything takes longer: completing the purchasing transaction, re-modeling the property, getting it sold. This is not a negative thing, but just something to keep in mind.
As you can see, there are a lot of factors that go into the decision of buying real estate for business purposes. Make sure to keep the information from this article in mind when shopping for the right property so that you can be sure that it will work for your business.
The post Profitable Information About Commercial Real Estate appeared first on Turnbull Real Estate.
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Bussel brokers sale of industrial facility in South Plainfield
Cancer-drug maker moves HQ to Iselin
Former Sea Bright post office building sold
Commercial and Economic Real Estate Outlook May 2015
These slides are from the Economic and Commercial Real Estate Outlook presentation given by Lawrence Yun during the Commercial Economic Issues & Trends Forum at the REALTORS® Legislative Meetings & Trade Expo in Washington, DC, on May 14, 2015.
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Sunday, May 17, 2015
ACT Data Service always has been one step ahead
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A broad platform built with a nimble approach
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Trash to treasure A perfect spot for solar farms
A broad platform built with a nimble approach
Key Information For The Informed Insurance Consumer
No doubt, there is a lot of advice about insurance available. You may have heard others discussing the subject. Well, here are some handy suggestions to help you make some decisions regarding insurance, read on:
By having all of your insurance policies with one company, you can often receive many different discounts that would otherwise not be available to you. Spend some time asking your representative about how much they could save you if you switched all of your other policies to their company.
Be sure to have photographic evidence of all of your important belongings. This will ensure that you are able to honestly and accurately claim what you lost from your insurance company. If you did not do this, then check with friends and family for pictures that may include possessions in the background.
Get lower insurance rates by paying for your insurance annually or twice a year instead of monthly. Most insurance providers give a good discount for paying up-front. Additionally, many insurance providers charge a monthly fee of $2-$3 in addition to higher rates for monthly payment, so your savings can really add up when you pay in advance.
Small business owners who employ people must be certain that they have sufficient worker’s compensation coverage to amply meet their needs. If an employee is injured or killed on the job, and they are not properly covered by the employer’s worker’s compensation policy, that owner puts themselves in an extremely precarious legal position.
Small business owners should always make sure that they have small business insurance. It provides you with financial protection against things like natural disasters and power shortages. Things that are unpredictable like that can cause a business to quickly go under if you are not properly covered with the correct insurance.
Even if they’d be covered, don’t file small claims. Your premiums could rise and cost you more money down the line than the small repairs cost now. Most companies offer discounts to customers who are careful and loyal, saving them a lot of money per year. You will still have the comfort of having comprehensive coverage in the event that it is needed.
If you have a home and a car, insure them through the same company to get major savings. Most insurance companies offer multi-policy discounts, meaning the more different policies you have registered with their company, the less you will pay for them overall. It is also more efficient to pay your bill.
Use the internet to your advantage when doing research on what type of insurance to purchase. The internet has a wealth of resources on the pros and cons of different types of plans and great advice on what you should get at different points and times in your life. Use the information available so that you are as educated on the process as your agent.
In the article above, you were given some suggestions that will hopefully help you make some decisions. There is some much information on insurance that is available. Apply the tip that fits your own circumstances. Make wise decisions regarding insurance.
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Saturday, May 16, 2015
Good Advice On How To Invest In Real Estate
Anyone can succeed when it comes to real estate investing. This is only if they take time to learn the basics and how to set themselves apart from their competitors. The tips below can help anyone enter real estate investing.
Always be on time when you set up a meeting with a potential client. This will indicate that you mean business and will show no disrespect to your potential customer. Coming to a meeting late shows that you are unorganized and do not care about your customers, which will cause you to lose them.
Stick with a niche that you feel comfortable dealing with. If you concentrate on a particular piece of the market, it is simpler to become successful. Whether you are flipping houses, working with starters or dealing with properties with low down payments, stick to what you know for success.
Always get your properties inspected. Inspections are not a bad thing, and you shouldn’t think of them as an annoying expense. Inspections can uncover serious issues that may not be immediately apparent. This can give you negotiating leverage or allow you to fix issues before someone else requests an inspection.
Never invest too much money in the beginning as this can cause a lot of problems down the road. Overextending yourself can lead to problems with your savings plans and prevent you from buying great properties in the near future. Develop the proper budget and follow it to a tee.
Have multiple exit strategies for a property. A lot of things can affect the value of real estate, so you’re best having a short term, mid-term, and long term strategy in place. That way you can take action based off of how the market is faring. Having no short term solution can cost you a ton of money if things go awry quickly.
If you are looking to buy a rental property from a seller, ask to see his Schedule E tax form. That particular document will honestly tell you what kind of cash flow you can expect from the property in question. Crunching the numbers tells you all you need to know about whether or not to buy.
Investing in real estate is a great way for you to make quite a bit of money in this day and age. However, you need to know the market’s intricacies before you get started. Using the advice presented above, everyone has the ability to launch a real estate investing endeavor.
The post Good Advice On How To Invest In Real Estate appeared first on Turnbull Real Estate.
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Friday, May 15, 2015
Commercial Real Estate Trends
These slides are from the Economic and Commercial Real Estate Outlook presentation given by Sam Chandan during the Commercial Economic Issues & Trends Forum at the REALTORS® Legislative Meetings & Trade Expo in Washington, DC, on May 14, 2015.
Dr. Chandan is Adjunct Associate Professor of Real Estate at the University of Pennsylvania Wharton.
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Jersey Gardens announces major expansion
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NAIOP honors Normandy co-founder and other real estate leaders at annual awards gala
Be A Success In Commercial Real Estate
Putting your commercial property on the real estate market can be difficult. It’s bad enough that people aren’t buying regular houses. There are even fewer buyers looking for office buildings and apartment complexes. Use the information provided in the article below to find out about buying and selling commercial property.
If you will be including utilities in your tenant’s rent, be sure to know the cost of those utilities before setting the rental amount. It can sometimes be easy to under estimate the cost of heat in the winter or air conditioning in the summer. Water bills can also vary by area. Having an accurate picture of utilities can keep you from under pricing your property.
Try to make appointments to see a few of the properties that you are interested in on the same day in a very close time range. This is a good idea because you will be able to make a good comparison of all of the properties while everything you saw is still fresh in your mind.
If you think small apartment buildings would be more manageable, think again. A greater amount of units allows for more profits, and it’s not much more of a burden. As long as you concentrate on a single property (at least until you’re confident enough with it to branch out), you’ll see how easy it can be to flourish in commercial real estate.
When you are trying to consider which property to buy and you are having a hard time narrowing things down the best thing you can do is make a checklist. Review each property and the one that has the most check marks should be the one that you buy.
Weigh all your pros and cons. Do not delve into a purchase without first looking over all the good and bad things that will come with it. You may be over-budget or under-budget. The property may be perfect or have many flaws. Weighing your options will give you a clear head to make the best decision.
Make sure that before you engage in the purchase of real estate, to meet with the architect for your company. An architect will give you a better idea of the blueprint for the buildings and structures that you will need to build on the new piece of real estate that you wish to purchase. This will help to facilitate your overall decision.
Speak with all of the high level people at your company to determine the financial plan and budget for the real estate purchase that you are going to make. The last thing that you want to do is to find a great piece of land but not have the funds to cover the transaction.
There are many things you can do that will help improve your standing with customers. Even if you’re looking to buy instead of sell, the tips you just read in this article cover commercial real estate in general and will be of great use to you. Know-it-alls lose out in the market, so take the time to learn.
The post Be A Success In Commercial Real Estate appeared first on Turnbull Real Estate.
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Simon announces 411K sq.ft. expansion of Jersey Gardens shopping center
Simon announces 411K sq.ft. expansion of Jersey Gardens shopping center
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Thursday, May 14, 2015
Commercial Market Continues Recovery, Says NAR Chief Economist
WASHINGTON (May 14, 2015) – While the commercial market still faces its share of challenges, Realtors® specializing in commercial real estate expressed confidence in the marked improvement seen in the market over the last year at a commercial economic issues and trends forum at the REALTORS® Legislative Meetings & Trade Expo.
National Association of Realtors® Chief Economist Lawrence Yun led a panel discussion about the forces shaping commercial real estate markets. The panelists agreed that the market has... Read More
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Vitals moving to new Lyndhurst headquarters
R.J. Brunelli brokers multiple leases bringing major retailers to N.J.
Cushman Wakefield brokers 80 million deal for Morris County office portfolio
Wednesday, May 13, 2015
Kislak broker completes 10 sales in North Jersey
New hotel coming to Harrison's waterfront
Barnabas breaking ground on 250M expansion
Business technology company moves to larger Parsippany site with innovation center
MD Anderson opens new breast cancer center in Camden
Tuesday, May 12, 2015
Mack-Cali declares quarterly cash dividend
Going out on her own Tantleff, 36, felt timing was right to found firm
Colliers hires senior financial analyst for its N.J. operations
Monday, May 11, 2015
HFF secures 65M in financing for three apartment complexes
Colliers arranges renewal for Origins Healthcare Solutions in the Meadowlands
The Goldstein Group leases shopping center in Lodi
Amazon opening 2nd 1M sq.ft. fulfillment center in N.J.
Cushman Wakefield sold for reported 2B
Contempo project aims to be kickstarter for rebirth of Passaic
Friday, May 8, 2015
WCRE arranges chiropractor's lease in Cherry Hill
Mercer Oak Realty will continue to market two PrincetonSouth buildings
NAI Mertz to handle sale of 1M sq. ft. former Congoleum complex
Fencing academy leases space in South Hackensack
Cushman Wakefield to handle leasing at Bristol-Myers complex
Small Business Week FEEDING FRENZY #8212 Partners convinced Jersey City is the hottest place to open restaurants
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Wednesday, May 6, 2015
Small Business Week C-H-O-C-O-L-A-T-E #8212 Nouveautes head enters B2C world with personalized candy concept
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New Jersey engineering firm expands into Texas market
Tuesday, May 5, 2015
Catalytic converter recycler exercises buy option on Elizabeth site
Newark's new wave of development is in focus at Rutgers real estate conference
Clinical trial solutions company moving to new Jersey City site
Hammonton complex fetches 5.1 million
Marcus Millichap arranges three Jersey City sales
Monday, May 4, 2015
Colliers announces sale of two industrialflex buildings for 2.7M
Experts at Rutgers real estate conference tout public-private partnerships in building Gold Coast
Sunday, May 3, 2015
THE LEGISLATOR Vitale understands issues of small business owners, because he is one
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TOM THE BUILDER Personalized 3-D printing helps Kaps create individual, lifelike figures
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FEEDING FRENZY Partners convinced Jersey City is the hottest place to open restaurants
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PAPER PEOPLE Custom products, personal service keep century-old company current
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ALBUM AFICIONADO Lambert selling more than just music at his old-school record shop
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C-H-O-C-O-L-A-T-E Nouveautes head enters B2C world with personalized candy concept
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