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Do You Need a Property Manager ? #scimmo #bestonehaiti

Do You Need a Property Manager?

Hi,

There are many decisions that you will need to make when investing in real estate. One of those decisions, for those handling rental properties is whether or not you need a property manager. Property managers have many uses and are a great idea for those who have many properties to handle and wish to have a life away from their real estate investing businesses. A property manager is your buffer between your tenants and your family.

The benefits of a good property management service are quite numerous. To begin with you will find that they eliminate the need for tenants to have your phone number. If you’ve dealt with rental properties before without the buffer of a property manager you are surely aware that it doesn’t matter what time of night or the morning things go wrong, you are the first person your tenants call to fix those things. A property management service is able to handle many things for you while letting you sleep through the night. It’s no small favor when you consider the multiples of tenants as you purchase more properties. A few late night phone calls and many rental property owners are almost ready to get out of the business of renting properties.

Property management services also often happen to have a qualified staff of maintenance people that can handle many of the things that go wrong with rental properties. The fee for these services may be included in your fees for the using the property management service in general or certain services may charge additional fees. Regardless your property manager or property management team is often the best source to find contractors to handle the repairs they cannot make for you as well as the repairs that they can. It’s nice to know that you won’t be getting up bleary eyed in the morning calling around for a plumber on the first exceptionally day of the year . Moreover it’s nice to know that someone else can deal with some of the negative things about owning rental properties.

My personal favorite reason to seek the services of a property management service is that they are qualified to handle the legalities of taking care of tenants who cannot make the rent for months on end. This is after all a business and while you can relate to the circumstances that leave some people unable to pay their rent you need the income from their property in order to make your bills. It’s much easier to leave some of the less pleasant tasks to someone else, especially if you are a softy for sob stories.

Property managers also handle the advertising for your property and the cleaning up and retouches that are necessary between tenants. They also allow you to take vacations and such filled with the knowledge that your properties and tenants are in good hands even when you aren’t there to oversee everything. Everyone needs to take a break sometimes it’s nice to know that with a reliable property manager you can actually sit back and relax while taking those breaks without worrying about all the particulars of the properties you own so far away.

If you are going to invest in real estate, this is one of the most worry free ways you can do it. The more properties you have, the more sense it makes to utilize the services of a reliable property management team.


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Christian C.

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10 Tips for Successful Real Estate Property Investment

Just because real estate prices seem to have hit a temporary ceiling in many countries around the world, that doesn’t mean that profits from property investments are hard to come by ,specially in Haiti it is easier .
Even during a real estate market slowdown, profits can be made in Haiti.  Here you will find the top ten tips that real estate investors apply to their property portfolio building strategy to ensure success from their investments.
1) Research the curve – the concept of a property market cycle existing is not myth it’s a fact and is generally accepted to be based on a price-income relationship.  Check the recent historical price data for properties in the area you’re considering purchasing in and try to determine the overall feel in the market for prices currently.  Are prices rising, are prices falling or have they reached a peak.  You need to know where the curve of the property market cycle is at in your preferred investment area.
2) Get ahead of the curve – as a basic rule of thumb, professional real estate property investors seek to buy ahead of the curve.  If a market is rising they will try and target up and coming areas, areas that are close to locations that have peaked, areas close to locations experiencing redevelopment or investment.  These areas will most likely become ‘the next big thing’ and those who by in before the trend will stand to make the most gains.  As a market is stagnating or falling many successful investors target areas that enjoyed the best levels of growth, yields and profits very early on in the previous cycle because these areas will most likely be the first areas to become profitable as the cycle begins turning towards positive once more. Follow us on Instagram @bestonehaiti for more information  about developing areas .
3) Know your market – who are you buying property for?  Are you buying to let to young executives, purchasing for renovation to resell to a family market or purchasing jet to let real estate for short term rental to holiday makers?  Think about your market before you make a purchase.  Know what they look for in a property and ensure that is what you are going to be offering them
4) Think further afield – there are emerging real estate property markets around the world where countries’ economies are going from strength to strength, where a growing tourism sector is pushing up demand or where constitutional legislation has been or is about to be changed to allow for foreign freehold ownership of property for example.
5) Purchase price – set yourself a budget that will realistically allow you to purchase what you’re looking for and profit from that purchase either through capital gains or rental yield.
6) Entry costs – research fees, charges and all expenses you will incur when you buy your property – they differ from country to country .  In Haiti for example you should add on an additional 9% at least  of the purchase price for all fees,   Know how much you will have to incur and factor this amount into your budget to avoid any nasty surprises and to ensure your investment can become profitable.
7) Capital growth potential – what factors point to the potential profitability of your real estate property investment?    If you’re buying to let out are there any indications to suggest that demand for rental accommodation will remain strong, increase or even decline?  Think about what you want to achieve from your investment and then research and find out whether your expectations are realistic.
8) Exit costs – if you sell your property investment for profit, will that render the investment profitless?
9) Profit margins – what levels of capital growth can you realistically gain on your property investment or how much rental income can you generate?  Work out these facts and then work backwards towards your initial budget to work out your potential profit margins.  At all times you have to keep the bigger picture in mind to ensure that your real estate investment has good potential for profit.
10) Think long term – unless you’re buying property off plan and intending to flip it for resale and profit before completion you should view real estate investment as a long term investment.  Real estate is a slow to liquidate asset, cash tied up in property is not simple to free up.  Take a long term approach to your property portfolio and give your assets time to increase in value before cashing them in for profit.
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Christian C.
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( Reposting in French ) LES ENTREPRISES IMMOBILIÈRES

Dans les pays développés, le marché immobilier intéresse et enrichit beaucoup d’investisseurs. Il intéresse aussi les consommateurs qui achètent des maisons selon les fluctuations du marché et se faire ainsi de l’argent. C’est un marché qui fluctue au gré de l’offre et de la demande. Mais en Haïti, il est inexploité, sans doute à cause des problèmes de cadastre, la rareté des crédits immobiliers, l’ignorance ou le manque d’entrepreneurship. Cet article a donc deux objectifs, inciter les investisseurs à explorer ce marché et informer sur les relations du secteur avec le droit haïtien. Pour y parvenir, je vais vous montrer que le droit entre dans toutes les activités d’une entreprise immobilière. Les trois principales activités d’une entreprise immobilière sont : la vente, le courtage et la location. Et malgré les fausses croyances selon lesquelles il n’y a pas de lois en Haïti, sachez que le droit organise toutes ces activités.

La vente

Une entreprise immobilière vend des biens immeubles. Il faut entendre par là, un fond de terre ou plus communément un terrain et tout ce qui y est annexé, comme un bâtiment. Pour pratiquer ce genre de transaction, il faut d’abord avoir la propriété de l’immeuble (terrain ou maison). Et pour ce faire, il faut l’acheter. L’achat peut se diviser en deux parties : l’achat d’un terrain et celui d’un bâtiment. Je n’ai pas besoin de vous préciser que le bâtiment est construit sur un terrain donc soit vous achetez le terrain sans le bâtiment construit dessus ou avec le bâtiment. Quand on achète un bâtiment, en réalité, c’est le terrain que l’on achète. La maison s’incorporant au terrain pour devenir un seul immeuble. Après l’acquisition de l’immeuble vient la vente. L’entreprise immobilière vend soit un terrain, soit un bâtiment, soit un appartement qu’elle a acheté mais elle peut aussi construire le bâtiment pour le vendre ensuite.

Pour réaliser ces transactions, la direction juridique de l’entreprise se penchera sur les textes de lois suivants :

  • Les articles 1367 et suivants de la loi No 21 du code civil qui traitent de la vente. Ils règlementent l’achat et la vente ;
  • Les articles 448 et suivants de la loi No 12 du code civil qui traitent de la propriété ;
  • Le décret du 26 février 1975 définissant les attributions des arpenteurs et règlementation de la profession d’arpentage ;
  • Décret-loi du 27 novembre 1969 sur le notariat ;

Le courtage

C’est une activité qui consiste à mettre deux personnes en relation dans le but de faire passer une transaction. Dans le cas d’une entreprise immobilière, c’est le fait de mettre en contact un vendeur avec un acheteur ou un bailleur avec un locataire dans le but d’accomplir un contrat de vente ou un bail. Et pour cette transaction, l’entreprise gagne une commission. Les vendeurs, les acheteurs, les bailleurs et les locataires contactent l’entreprise et le tour est joué.

  • Les lois impliquées dans ces transactions sont les suivantes :

Le droit général des contrats les articles 897 et suivant de la loi No. 18 sur les contrats ou les conventions en général.

La location

La location de bâtiments ou bail est le fait de mettre à la disposition d’une personne ou d’une entreprise (bail commercial) un bâtiment pour sa jouissance pendant un temps donné moyennant le paiement d’une somme. L’entreprise immobilière peut louer un terrain, un bâtiment ou un appartement.

Dans ce cas, la direction juridique se réfèrera aux diverses lois sur baux des maisons, par exemple la loi du 17 mai 1948.

Je ne cesserai de le répéter dans tous mes articles, croire qu’il n’y a pas de lois en Haïti ou qu’on ne les applique pas est une erreur. Elles sont bien là, certaines sont désuètes, d’autres manquent de précision. Il y a même des vides juridiques que les juges arrivent à combler par leurs décisions de justice (Arrêt de la Cours de Cassation). Et dans le cas des entreprises immobilières les lois existent. Elles ont peut-être besoin d’être mises à jour mais elles sont d’application. Vous pouvez donc investir dans le secteur, si le droit est votre seul obstacle, la loi vous encadrera et vous protégera.

( source : http://haitidroitinvestissement.blogspot.com/2016/09/les-entreprises-immobilieres.html?m=1)

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Buying a Home in Haiti , Finding Hidden Treasures.

Buying a Home in Haiti , Finding Hidden Treasures.

As a real estate buyer, you have a tremendous opportunity for finding great deals if you look on our page . There is a lot of talk by real estate professionals and real estate writings about curb appeal. It is widely known that improving the curb appeal on a house can get you an extra $10K-$20K+ when you sell your home. This also means that there is an opportunity for home buyers to save $10K-$20K+ when you buy a house with less curb appeal.

When looking for a house with less curb appeal this does not mean to look for a run down house. It means to find a house that with a very small amount of work or money can be greatly improved. By looking for a house with less curb appeal and improving it, you can afford a house more expensive then you would be able to afford otherwise, and you can gain instant equity in your new home.

There are some things that you should avoid unless you are looking to do a total remodel project. Items that you may want to avoid are problems with the windows, electrical systems, plumbing systems, foundations, roofs, or floors. Be sure to have a trustworthy inspection who will alert you of any more serious problems.

If you want to find a really great deal and are willing to do a little work, click here . If you find a property that is less then appealing, but structurally sound, you may have found a hidden treasure.

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Christian C.

@bestonehaiti

+50937786971  bestonehaiti@gmail.com

 

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Buying A House With Resale Value in Mind @bestonehaiti

Buying A House…..

It’s one of our biggest investments and some of us are doing it more than once during our life.

Like many things in our life that have changed dramatically, so did our habitation practices. Most of us don’t stay in one house for the full duration of our lives as it used to be for many people in previous generations.

Our modern dynamic life style and economy, calls for flexibility, mobility and frequent changes, People are following their jobs and careers even if it means moving from one side of the nation to the other.

This tendency is in line with our culture of consuming society. We replace everything faster, we treat cloths, cars (some just lease), refrigerators and our dwellings like fashion items with short longevity.

When we decide to buy a house we need to think in terms of sort to medium range periods of time and that should bring us to consider the resale value of our home in the future.

Buying a home with good resale value might take a little longer, and it might take a bit more work on your part, but you’ll love the payback later, when it sells quickly and puts extra money in your bank account.

The first consideration should be your family needs but it’s cleaver to keep an open mind about what might suite future buyers as well.

The most important three factors are: location, location and location… 🙂
Indeed, it’s first thing to consider when looking for a home. So, what makes a good location?

There are some general elements which are obvious like:

– Does the neighborhood have easy and fast access to the schools, shopping centers and etc.

– It’s wise to pick a house that is located relatively elevated above the area, that can provide two advantages: a flow of good air and a nicer view.

– How many neighbors are adjacent to you and/or across you in proximity, off course the less the better.

– A house located at the end of the street will suffer less noises from the neighbors and their guests. If the street is a dead end it’s even better. A corner house may have more light and air.

– The size of the lot, its shape and the square footage of the house itself.

– There are many other environmental aspects to consider with respect to
personal preference like a green agricultural area vs. urban area and more ….

In addition to these external considerations there are many important internal elements that can make a house quality higher and buyers are always looking for, such as:

– Closets, lots of closets and with as much additional storage space as possible.

– Light and bright – Homes with lots of natural lighting are very popular.

– Split bedroom plans, with bedrooms on each end of the home, are increasingly popular with buyers.

– If you live in a scenic area, having a view can help you sell.

– Plenty of bedrooms, baths and Rest rooms.

– Large and convenient kitchen with as many cabinets and cooking space as possible.

– The tendency to work from home calls for a suitable room to be set as a home office.

– Laundry and dryer machines located at the same level as the bad rooms.

– A spacious yard space  is a plus.

Features to avoid

– One-bath homes sell for significantly less than homes with at least two baths and they take longer to sell.

– Tubs and showers in outdated colors, or scratched from years of improper cleaning, might not help selling .

Your first objective is to buy a home that’s right for you, but do consider its resale value before you make the final decision, especially if you know you’ll move again within three to five years. A careful purchase now will help give you extra funds to move up with the next time you buy a home.

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Christian C.

@bestonehaiti

+50937786971  bestonehaiti@gmail.com

 

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