Buying or Selling your Home
Buying or selling a home for the first time is like learning to play chess. There are terms to master, skills to learn, strategies to grasp, competitors to outmaneuver. Selling your home can be an emotional process, so prepare yourself before listing your property. Begin viewing your house not as a home but as an investment and a business transaction. Hiring a real estate agent is one of the more important decisions you will make when selling or buying your home.
Navigating a real estate purchase is tricky business. The web has made it possible to do a lot of the legwork yourself, but there’s no substitute for an experienced professional. Finding the right agent takes balancing credentials and chemistry. You want to choose someone you like, after all, you might spend the next six months working together. But your real estate agent also needs to be able to safeguard your financial interests.
You want somebody trustworthy who you can rely on. A good agent will listen carefully to your priorities. Real estate is a local game, and to win you need someone who plays in the areas where you’re looking to buy or sell. Not only will they be up on market trends, they’ll know about local schools, commute times, and under-the-radar red flags, like the solid-waste transfer station that’s been proposed for the neighborhood. Choosing an agent from Tampa Bay Real Estate Company has all of the above to offer.
One of the primary decisions to make when you’re ready to get tenants into your rental property is whether or not to use a real estate agent or property manager.
A property manager can cost approximately 10% of your total rental income each week, which is a factor that causes some people to question this option. However, the services that a good property manager provides can be worth far more than this fee. Renting a property requires a lot of work and a high level of commitment, which many property owners don’t have the time or the inclination to put in. A good property manager will handle all the headaches and downsides of renting for you, making life potentially much easier.You’ll want to make sure that you find someone who will work hard to protect your investment. Compare real estate professional qualifications, and make sure you find someone who specializes in property management.
One of the first reasons to consider hiring a real estate professional that specializes in property management is that they help provide a buffer between you and your tenant. If there are any problems with late payments or damaged property, your real estate professional deals with these issues so that you can avoid any unpleasant confrontations.
Today’s top property managers are fully licensed real estate professionals. They know all the ins and outs of your state’s laws that relate to rental properties, and can advise you about your landlord rights. A good real estate professional does far more than just rent your home and collect your money for you. They also facilitate mediation in the event of late payments (providing a debt-collection service if necessary), organize emergency repairs, organize maintenance and even handle the payment of various bills. The property manager helps provide a complete management service, to help you avoid wasting your own time and money.
Some of the duties that you can expect from a good property manager include:
• Advertising and marketing your property
• Sourcing and screening potential tenants
• Managing your financial accounts
• Completing inspections on a consistent basis
• Organizing and sourcing tradespeople for repairs and maintenance
If you prefer to take care of some of these tasks yourself, you can write this into your contract. A property manager will give you as much or as little involvement with the daily management of your rental property as you like. They are specialists at multi-tasking and are highly qualified to prioritize and perform any or all of these duties. You can expect your real estate professional to help you with matters of communication, negotiation and conflict resolution.
Whether you are a new entrepreneur looking for your first office space or a seasoned executive searching for the perfect location for your growing company, it is in your best interest to use a Tenant Rep Broker to help you with your next transaction. Our team works tirelessly to find our clients an ideal space, in their target location, at the right price. No easy feat, especially considering that they receive compensation for their time only after the lease is signed. Tenant Reps know the value of Commercial Real Estate in their market. Tenant Reps can confidently educate their clients with comparable listing data, collaborate with them remotely, and significantly shorten the search cycle; saving both the tenant rep and tenant time. Tenant Reps know the many negotiation points of a lease.
Commercial real estate leases often contain multiple clauses that dictate the terms of your lease, your Tenant Rep broker is the one who will guide you through the contract process and make sure it aligns with your business’s goals and growth. Below are a few examples where it’s imperative to have a savvy, knowledgeable Tenant Rep Broker negotiate the terms of the lease that suits your business best.
• With a Termination Option you can ask for a grace period to terminate a lease with minimal impact on your bottom line.
• Right of First Refusal allows your business “dibs” on any available space in the building before the landlord puts it on the market. This is an incredibly valuable option if you are a growing/expanding company that anticipates the need for additional space. Your tenant rep broker will advise what’s best based on your company’s needs.
• A Renewal Option allows your business to renew a lease for another term, typically at a discounted rent rate. For example, you can ask for one or two renewal options with rent at 95% of market value.
• If you’re a prospective tenant, I hope you find Tampa Bay Real Estate Company helpful and informative as part of your search. It is our primary function to place your fiduciary interests above all else.