What We’re Reading: July 18-22

Diet, virtual commute, marketing incentive, gaming, amenities, repurposed spaces, history, digital migration, climate change, and a lost colony.

Healthier eating is on our minds during the summer. Here are some small things we can do to eat smarterOlearys 2012 Olearys/flickr/2012

Thanks to flexible policies and living in the future, some tech employees find themselves living far outside of the expensive Silicon Valley.

Want a pair of every Air Jordans ever made? Buy this house.

Pokemon Go has certainly gotten people out of their houses.

Landlords have been offering upgraded amenities to justify higher rents for many years, but now more are creating extensive outdoor spaces to lure tenants.

One cultural loss is another’s cultural gain.

Everything old is new again.

Prior to child labor laws (and texting), kids did the hard work of delivering messages via bikeGideon Tsang 2011 Gideon Tsang/flickr/2011

If you haven’t already migrated from VHS, now is the time to do it!

Sure, this terrain in Siberia looks like a lot of fun, but the reason for its appearance is no fun at all.

Is it possible that the fabled lost colony of Roanoke has been found?

 

What We’re Reading: July 11-15

Pokemon, co-working, outdoors, amenities, Netflix, street view, lawns, Brexit, allergies, phones, and emoji.

Pokemon has taken over the internet. Some people have gotta catch ‘em all, and since augmented reality is a reality, it’s up to the rest of us not to run them over when they wander into the streets. Players are advised to take precautions. It’s impacting real estate, too. Who wouldn’t show up to an open house if a PIKACHU is thereMatthew Hadley 2009 Matthew Hadley/flickr/2009

Humans have an innate need to socialize, but do co-working spaces satisfy that need?

We dream of private rooftop decks in Chicago, and it looks like we aren’t alone in our desire for great outdoor spaces!

What is on your dream real estate checklist? Does it include shared farmland? Or perhaps a unique design?

Sharing your Netflix password with someone? Be careful…

What do you do when the Google maps team takes their time getting to your island? You get creative.

Kids charged with lawn mowing duty, rejoice!

There was a big shake up at 10 Downing Street this week, but there will be some stability.

Could a common food additive be causing your food allergies?

Why keeping a landline might be a good call.

Have you ever noticed the gender assignment of emoji? Changes are coming.

 

 

Your Peers Have Compiled This List Of Ideas About Real Estate Investing Just For You

The economy is still not great, but investors can rise to the tops in terms of buying real estate. Now is a great time to start your real estate career. By reading the tips here, you have already taken the first step towards success.

Reputation is important when you are stepping into this arena. Abide by what you say, and do not lie to possible clients. This makes your reputation increase.

Devote the time required to manage your business, as well as the time to continue learning everything you can about the field. This may mean cutting some of your work time to learn, but the long-term dividends will be greater. You might have to give up a night of bowling league to spend time improving yourself as an investor.

For those looking towards putting their money into real estate, try to remember that the location is top priority. Property condition must also be considered. Properties that are in terrible areas will always be bad investments. Taking your time to research the area the house is located in can help your investment to be successful.

There are to essential rules to making an investment in an industrial or retail property. First, do not pay too much for the ground. Also, don’t overpay for business. Consider separately the true value of the property on an as-is basis, and then think about the rental prospects for the business. These numbers should both be good enough to support a decision to purchase this property.

Property management companies are often a good investment. You might spend a bit of money on the management company; however, it is money well spent that can increase your profits. The company that does the property management will screen potential renters and deal with costly repairs. This frees up your time to search for more investment options.

One of the most important elements to investing in real estate is location. Other factors, like the condition of the property, can be remedied. Properties that are in areas that are depreciating fast will generally make a bad investment choice. As you evaluate properties, always look at the area and the potential of the properties.

You want to make sure you can recover your investment, plus some profit. If you only recover your investment and don’t turn any profit, then you have wasted the time spent flipping the property in the first place. Make any changes the property needs in renovation and list higher than the total paid in.

If you are buying an investment property, be sure to hire a good handyman. Otherwise, you will spend lots on repair expenses. A dependable handyman will also come in handy for after-hours tenant emergencies.

Consider using a property management company. While it can eat into your profits a bit, it might be worth the cost. The company that does the property management will screen potential renters and deal with costly repairs. This gives you more time to concentrate on finding other properties in which to invest.

Study any neighborhood where you’re thinking about buying property. Location is essential as it pertains to investing, and you also need to know zoning laws. It is a good idea to talk with those around the property to see if the information you have is accurate.

You’ll go through bad and good times in real estate investing. It’s smart that you don’t allow these lows to make you give up. Persistence is key to finding success in the real estate market. Keep learning, keep trying and you will accomplish great things.

Never over-leverage yourself when looking to get the next deal. Make the best possible business decisions to optimize return. If you fly by the seat of your pants with no capital on hand, you will eventually crash and burn.

Never invest in real estate unless you have some reserve cash to back up your investment. The money you put aside is useful paying for expenses pertaining to the rental property such as minor repairs. Another reason having reserve cash is important is to be able to pay the mortgage in case you can’t rent the property quickly. Even though your property may be vacant, you still have expenses to consider.

Avoid over-leveraging yourself when moving on to a new real estate deal. Be sure to make wise decisions that don’t consume all of your investment capital. In this way, you can be prepared for the unexpected. Without the necessary capital, you can get burned.

One of the biggest mistakes people make is by investing in real estate that is out of their means. If you’re renting out your property, you have to be able to pay your mortgage, even if you have a few empty units. You don’t want to expect to be paying your mortgage with the rental income from the property.

Before purchasing a rental property, it pays to get a good understanding of what the local rents are going for in the area. One of the keys to renting your property promptly is not pricing the rent much higher than other comparable rentals in the neighborhood. Renters are not going to want to pay the higher price, and it will cost you dearly in the long run.

Pay attention to price of properties, and never put down money on something you know is unaffordable. If you’re renting out your property, you have to be able to pay your mortgage, even if you have a few empty units. Using your income from a rental just for the mortgage is usually a bad idea.

The last thing you want to buy is one that needs a total rehab. Don’t let the low cost fool you; you’ll probably wind up spending a ton just to fix it. Try finding properties to rent that just need some minor cosmetic fixes. Find a property to rent that already has good tenants in it.

It is important to run a credit and background check on each potential tenant. Tenants who are not trustworthy can damage your property and decrease your property value. Although a background check does not guarantee anything, it can definitely better your odds when trying to find a quality tenant.

If you don’t have the time or expertise to manage a property, hire a professional management company to do it for you. Although you will have to pay the property management company a fee, it will save a tremendous amount of time and frustration dealing with little problems that your tenants come up with.

To sum it up, many folks profit from real estate investing. However, if you want to be successful in real estate investment, you have to understand it thoroughly. This article has offered terrific advice for breaking into the world of real estate investments.

What We’re Reading: July 4-8

Robots, unique homes, libraries, bicycles, resumes, breakfast, bears, leap second, and selfies.

We wonder if these robots will be in place in time for the 2016 International REALTOR® Conference in Incheon later this summer.

Got milk? photographerpandora 2008 photographerpandora/flickr/2008

This flies in the face of modern library rules such as no eating, drinking, or sleeping in the library!

The invention of the wheel was obviously a game changer, but the pairing of two wheels on a frame impacted history in ways you probably don’t know.

Thinking of updating your resume? Try to think outside the box this time.

For those of you underwhelmed by Micky D’s all-day breakfast menu, the bar is being raised.

It’s back! Take a break from your day and watch the livestream of bears at Brook Falls, AKMax Goldberg 2015 Max Goldberg/flickr/2015

For all those procrastinators out there, you have an extra second this year to complete COE training.

If you suffer from this ailment, you brought it on yourself. #sorrynotsorry

 

What We’re Reading: June 27-July 1

Savings, soccer, upgrades, fireworks, pigment, goats, famous houses, Seattle, lunch breaks, slides, and AOL.

You’re probably not thinking about buying next year’s winter coat right now, but maybe you should.

Euro 2016 results have gone off-script, and when Iceland beat England, people lost their minds!

Those of you who have felt bullied by your computer’s upgrade messages might enjoy this story. Microsoft will make it easier to decline updates going forward.

With the Fourth of July approaching, we would like to take this opportunity to remind people to be safe when setting off fireworks, and to read about the carnage of celebrations only 100 years agoAndreaYori 2008 Andrea Yori/flickr/2008

This new pigment is so much more than meets the eye!

Who could object to this particular pageant?

Don’t forget we’re having dinner with the Rizchecks. The Sixteen Candles house is up for sale!

Seattle is known for the Space Needle, but now Amazon is adding new features to the city.

This photo series inspires us to step away from our desks to eat lunch.

Nope. Hard pass.

You’ve got mail! We know you heard that statement in a specific voice — it’s time to put a name and face to itmonkerino hill 2006 monkerino hill/flickr/2006

This is too good not to share, and you’ll never look at this classic children’s book the same way again!