Published on: 13 September 2018
Last Updated on: 25 March 2020
Selling a house is always considered a process that involves middlemen and requires a lot of patience. The middlemen are real estate brokers who advertise and market your property for the purpose of sale. They connect prospective buyers with you to help you sell your house. The brokers receive a commission from the buyer and the seller. They bridge the gap for individuals looking to buy a house and the ones who are looking to sell theirs.
Get rid of middlemen and sell your house for cash:
Sell your house in the current condition:
However, if you are somebody who has no time to wait for the broker to look for a buyer, you need to contact the professional house buying company. The real estate industry across the globe has changed and it is now possible to sell your house within a few days. You can sell your house in whatever condition it is in and you do not need to incur any additional expenses on the same. You will be able to save money in the form of the brokerage and commission that the agent would have charged. Additionally, you do not need to incur any expenditure for the repairs, maintenance or renovation of any part of the property.
Receive a no-obligation offer from the professional house buyers:
The house selling process is made easier by a local house buying company located in Orlando, FL. Orlando cash house buyers do not ask you any questions and will give you a cash offer after taking a good look at your house. They will not ask you to repaint the house or to renovate the same. They will not ask you the reason for selling your house. Instead, they will buy it in the condition you leave it in and you will receive cash against it. You are under no obligation to accept the offer. If you think that the amount offered by the professionals is lower than your expectations, you can mention the same and reject the offer. If you accept the offer, you will receive an instant cash transfer.
Once you decide to sell the house, you need to fill up a form that will inform the buyers about your willingness to sell the property. The form requires details about the property and its location. After the form is submitted, the professionals will visit the property and offer you cash for the same. They have been working in the industry for many years and have successfully managed to buy numerous houses. They are well aware of the prevailing market prices and will not offer anything lower than the current market rate.
Wrapping it Up
It might become difficult for you to scout the market trying to understand the market rates across different locations. You might not have the time to entertain different buyers who come to take a look at your house. This is why the professional house buying company is in demand and is a preferred option for many. It saves time, money and efforts.
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Road construction comes with many risks of injury. Some of the causes include dangerous equipment, the risk of collision, falling objects, and exposure to harmful objects.
Before starting road construction, identifying all potential hazards in the work zone can minimize the risk of injuries.
Hazards include things like oncoming traffic, pedestrian walkways, and power lines. The weather should also be taken into account when starting construction.
Top 7 Road Construction Safety Tips
Here are some tips to follow to ensure a safe road construction project.
1. Control Traffic
Not many people follow traffic rules and it may lead to accidents even without road construction. So special care should be taken when you start working on a road. Make sure to mark the construction zone properly with barriers and cones.
It is also crucial to place a warning sign before the zone to alert the incoming driver. At night it is preferable to use neon-colored traffic zones to make them more visible.
2. Create a Site Safety Program
To ensure the safety of the workers, it is crucial to implement a site safety program. The staff should be given occupation safety training. Make them aware of the potential hazards and how to use certain equipment to minimize injuries.
Most importantly, contractors should be well-equipped with advice on how to deal with emergency situations when the on-site manager is not around.
3. Avoid Blind Spots
On a construction site, it is common to find vehicles and heavy equipment moving around constantly. Although many sites use the best water carts by TTi Water Trucks on the same truck to minimize the use of vehicles, there is still a need to avoid traffic in the construction zone.
Operators should make sure to all visual aids and devices are attached, and alarms and lights are working properly on equipment. For workers who are walking on the site, make sure to stay in visual contact with any drivers. The drivers operating the vehicles usually have a limited range of sight when driving.
4. Use Personal Protection Equipment
Just like other construction projects, PPE should be worn by the staff when working inside the construction area. Even if visiting for an inspection, it is necessary to wear basic PPE such as a helmet and vest to avoid any risk of falling objects.
Some common pieces of personal protection equipment include steel-toed boots, hard hats, highly visible clothing, and headphones for noise protection.
Especially at night, site workers should wear a jacket or vest with fluorescent orange or lime yellow reflective material. It can allow others to see that someone is at work even from far away.
5. Use Caution for Heavy Machinery
When using heavy machinery, more steps should be taken to ensure the safety of the operator and everyone else on the site.
Below are some precautions for operators to follow:
Apply brakes when vehicles are not in use.Wear a seatbelt at all times.When the machine is parked on an inclined path, put a block around the tires.Check the mirror at all times.Use a spotter when unloading and loading equipment.
6. Stay Hydrated
When workers perform construction during the day they are more exposed to heat. This is why they are more susceptible to heat-related illnesses. Therefore, they also get dehydrated quickly compared to others. Workers should drink plenty of water and fluids like sports drinks and coconut water.
On extremely hot days, work should be stopped to avoid health problems like heatstroke and heat exhaustion.
7. Hire a Safety Manager
Lastly, you need someone who is competent in handling and monitoring safety requirements. A safety manager should be able to identify existing and predictable hazards in the surroundings.
They can then identify the hazardous or unsanitary working conditions for the employees.
Additionals:
Commercial and Residential Construction: Key DifferencesCrucial Reasons To Choose Prefabricated Construction MethodsSurprise Costs to Consider When Starting a Construction CompanyCommercial Construction After COVID-19: How Developers Can Adapt
People tend to think of real estate in a very direct, narrow sense. We factor our rent into our monthly budgets and see property taxes as only a small slice of the larger bill we pay every year. We rarely think about the fact that real estate and housing costs have incredible ripple effects that dictate the success and failure of several industries.
Consider the housing bubble in the United States and how it eventually prompted the greatest economic setback since the Great Depression. The woes of the housing market permeated into virtually every other facet of the American economy, and they had a gigantic impact on the lives of so many people who felt the pinch in ways that seemingly had little to do with housing.
For business owners, real estate is a much bigger piece of the economic pie than they might initially assume. Though there is little we can do to influence the policies of banks who give out loans or the real estate prices in our markets, we can look at how real estate factors into our bottom lines.
Factoring Real Estate Costs into Your Budget
The first consideration you should make is how property costs will directly impact your budget. A business owner might decide that they are best served to own the property they’re using, or they might find that perhaps their interests are best met by a rental space. Whatever solution you’ve decided is best for your business, don’t forget to factor in the costs of property tax, insurance requirements or legal expenses that you might encounter and how those costs could add to your initial estimates.
Remember that buying a property, especially if you’re building or renovating a commercial space, comes with many costs. You will carry the responsibility for repairs and maintenance, for example. You’ll need to determine whether your business can sustain these costs, and you’ll need to leave room in your budget for unforeseen circumstances.
Your Location Will Also Affect Employees
If you are poised to hire workers, you will also need to consider how your real estate choices might impact them. If you are relocating, will you be able to offer your employees compensation for relocating with you? If you are hiring new employees, will they have to travel to reach your business? The size of your workforce will also dictate the size of your workplace. Remember that if your business will be adding more employees in the near future, you will need to accommodate those workers.
Using Real Estate as a Barometer
If you’re starting, expanding or relocating a business, you might be able to determine what location is most advantageous by looking at real estate prices in your new location. There are many things to consider. Is the area you’re looking at booming, or is it stagnant? If an area is showing signs of growth, can you afford the costs of a property in a competitive real estate market? How much does your business really depend on being located in a prime area of your community?
Being Realistic in Your Expectations
Just like any other decision you’ll be making as a business owner, you’ll need a healthy dose of realism when you are factoring in how real estate will impact your bottom line. Is it reasonable to buy a big, plush location in the most booming part of a city, or is your business model best served by renting a space and keeping costs down until you know how much income you will be generating? In the beginning stages in the life of a business, it is best to cut any expenses that are not absolutely essential to the operation of your company. Find out how many expenses you’ll be facing that you might not currently be factored into the equation, and look at all of your options before making a decision.
Real estate impacts our lives in many ways, some of which might be out of our control. But so many of the decisions that business owners make can be based on predictable costs that we might fail to overlook in the excitement of beginning or expanding a business. Be cautious, realistic and thorough when determining the role property will play in your operations.
Rebekah Damen Lusk a partner at the Maryland law firm Thienel & Lusk, LLC Attorneys at Law. Her practice includes civil litigation, business, employment, landlord/tenant, real estate, family, equine and animal law.
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Even if your rental property isn’t the lifeblood of your income, it’s likely a big part of it. With that in mind, you need tenants who will take care of it, pay their rent on time, and report maintenance needs in a timely manner. But how can you be considerably certain that they meet these criteria?
In this article, we will provide a short guide for choosing the best tenants. Whether you’re a first-time landlord and just purchased your first apartment complex or you’ve been at this for a while, there are likely some aspects you haven’t thought of.
But first, Whats a tenant?
A tenant is a person or an entity who temporarily inhabits another person’s (known as the landlord) property in exchange for an agreed-upon sum of money (rent). There are different types of tenants, such as:
Residential Tenants: Individuals or families renting a home or apartment for living purposes.
Commercial Tenants: Businesses that lease office space, retail stores, or other commercial properties.
Industrial Tenants: Companies that rent warehouses, factories, or other industrial spaces.
Here are some other key points you should know about tenants.
Rental Agreement
Tenants typically enter into a rental agreement or lease with the landlord. The terms of use of the tenancy, including the duration of stay or possession, rent amount, and main responsibilities of both parties, are mentioned in this piece of document.
Security Deposit
Tenants often pay a security deposit at the start of the tenancy. The landlord keeps this deposit and uses it to pay for any damages to the rental or unpaid rent when the tenant moves out.
Lease Duration
Tenancies can be short-term (month-to-month) or long-term (typically one year or more). The lease duration is specified in the rental agreement.
Renewal and Termination
At the end of the lease term, the tenant and landlord can agree to renew the lease, or the tenant can choose to move out. Proper notice, as specified in the lease, is usually required for termination.
Eviction
If a tenant fails to comply with the lease terms, such as not paying rent or damaging the property, the landlord may initiate eviction proceedings. However, this process must follow legal procedures to protect the tenant’s rights.
How To Choose A Tenant For Your Rental?
Now that you know who is a tenant, let us take a look at some of some of the aspects you need to keep in mind while choosing a suitable tenant for your rental:
A Major Rule
Per The Fair Housing Act, you have to remember that when it comes to purchasing, selling, renting, or financing a home, it’s illegal to discriminate based on:
Nationality
Race
Skin color
Sex
Religion
However, you’re not prohibited from basing your decision on the results of a criminal background check.
The Listing
The first thing to remember is that a great rental listing will generally pique the interest of higher-quality applicants and garner more interest overall. To make a quality listing, everyone knows you must have a title that includes the price and the number of bedrooms/bathrooms. But you need to make it stand out with something a little more catchy by highlighting a great feature of the property. Try something along the lines of:
3 bedroom/1.5 bath home with a large backyard with brand new sod, close to schools and parks
In your description, you should use positive descriptors (spacious, cozy, beautiful) to highlight the best features (en suites, fireplace, swimming pool), give details about the area (near downtown, amenities), details about the rental (pets are/aren’t allowed, deposit required, no-smoking) and how potential renters should get in touch with you.
Criteria
If you want to lessen the chances of serving an eviction notice for non-payment, property damage, or other major issues, you need to set the right criteria from the start. Two of the strongest aspects you should consider are credit score and rental history.
While you don’t want to come across as a dreadful landlord, being strict and applying your criteria fairly will help ensure that your new tenant meets the standard you desire. A good place to start is somewhere along the lines of requiring at least a 650 credit score, not having any prior evictions, bankruptcies, or a felony record, and making at least 3x the rent.
Whether you have listed your rental on Zillow, Craigslist, or other listing services, you not only need to be strict in your criteria, but you also need to prescreen them before you even set a face-to-face interview date. You should also prepare pre-screening questionnaires to efficiently determine which leads are worthwhile and which should be put in the rejected folder. However, when making your criteria list, be sure to keep the Fair Housing Act and local tenant rights laws in mind.
Final Checks
Of course, the next logical step is the interviews of potential renters, but that doesn’t mean you will make the first applicant you interview sign a lease on the spot. Take the time to check references from previous landlords, as they can often give you insight that your tenant screening report couldn’t give you. For example, they may have had a lot of neighbor complaints, or they were constantly complaining about minor issues.
Another thing you should definitely do is a quick Google search of their name. Sometimes, you can find out more this way than with a tenant report. For example, on their application, they claim they’ve worked for sixteen years as an electrician, but the career history on their LinkedIn profile doesn’t match.
Don’t be afraid to do a little sleuthing!
Best Practices To Follow While Interviewing Potential Renters
Conducting face-to-face and thorough interviews and checking references are crucial steps and will help you choose the best tenants for your rental. Here are some tips you can follow to ensure that the interview process goes smoothly.
Verify Identity: Ask for a government-issued ID to confirm the applicant’s identity. This helps prevent fraud and ensures you are dealing with the correct person.
Discuss Financial Stability: Inquire about the applicant’s income, employment status, and any other sources of income. A general rule is that the rent should not exceed 30% of their monthly income.
Understand Rental History: Ask about their previous rental experiences, including how long they stayed at each place and their reasons for leaving. This can provide insights into their reliability and stability as a tenant.
Lifestyle and Habits: Discuss their lifestyle to ensure it aligns with your property’s rules. For example, ask about pets, smoking habits, and how they maintain their living space.
In closing, to find suitable tenants, you should have strict eligibility criteria that also meet the standard of The Fair Housing Act. After shortlisting a few possible tenants, conduct a thorough background check along with a bit of investigative work to choose the best tenant for your rental.Read More...
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