Be Aware of Hidden Expenses of Your Real Estate Investment

In real estate business, finance plays important role. You will always need to calculate and estimate everything so every money you spend will be worth it. Thus, you need to be aware that property investment expense doesn’t end once you purchase a property. There will be ongoing financial setting you need to handle and sometimes there are unexpected expenses you should take care of. The most important thing you should do to avoid costly expenses is to purchase investment grade property. At least, it can deliver more than capital growth. Thus, you can make up for the expenses along the way. Still, there might be some hidden expenses while you are managing your cash flow.

Unexpected expenses you should be prepared with

Sometimes, unexpected expenses arise when you least expect it. It can be overwhelming and stressing. You may encounter more than one hidden expense along your investment journey. Instead of fearing them, better to know possible hidden expenses so you will be more prepared.

  • The most obvious yet hidden expense is maintenance and repairs. Even though you purchase investment grade property doesn’t mean you will be free from maintenance and repairs. Along your investment journey, your property will age and some maintenance as well as repairs will eventually be needed. Instead of waiting until something broken severely, it is better to keep everything in good condition through regular maintenance and fixing. For example, you can change window covering regularly. Routine inspection will help preventing you from spending too much money due to severe damage of your property.
  • Another unexpected and unwanted expense you may suffer in the future is vacancy. It is never a good thing for property owner to have their property vacant for too long. However, sometimes vacancy is inevitable. It happens when old tenants shift out and new tenants shift in. there is vacancy between the shifts which affect your cash flow. However, you still need to pay for the mortgage regardless you receive income or not. Thus, make sure to have financial buffer so you can survive from vacancy period.
  • Next hidden or unexpected expenses comes from property management fees. Hiring property manager is good strategy. However, it also means that there are fees to pay for property management such as a weekly percentage commission, lease renewal, and letting fees. If you have short-term lease, it will disadvantage you because you need to pay for those expenses in every six months. Thus, it is recommended to have a 12-months lease on your investment property.
  • Last but not least possible hidden expense is insurance. Building insurance premiums will be paid by your owner corporation fees if you own an attached dwelling. However, you will need to pay it yourself if your investment property is a house. There is also landlord insurance that you might need to pay. It is one of important insurance you should have to cover malicious damages by tenants. However, make sure to get the best deal for landlord insurance so you can still save your money.

Affordable Canggu Villas You Can Book for Your Stay in Bali

Bali is an incredible place for your holiday. It is perfect for romantic escapade, family retreat, or solo trip. One of the most recommended places to stay during your holiday in Bali is Canggu. International tourists are flocking the area every year to enjoy the finest of Bali from various elements including arts, foods, views, and authentic products. Thus, staying at one of Canggu villas just makes sense. However, many travelers misunderstood about villas in Bali. They thought that villa is only for the rich so it is only affordable for luxury travelers. It is not entirely true. Sure some villas have upgrade amenities and services as well as stunning architecture which make the rent pretty expensive. However, there’s still many villas you can afford to rent in Canggu.

Canggu villas recommendation with affordable rent

Renting a private villa in Canggu is wise decision especially when you travel in group. It actually can help you saving money because you can split the rent accordingly. However, you still can afford renting villa even if you travel solo. And here is recommendation of affordable villas in Canggu;

The Canggu Boutique Villas & Spas – This villa is only minutes away from Canggu Club and Seminyak Square. It consists of ten rooms. There is also private pool and LED TV featured in the villa. You can also easily access free Wi-Fi, as well as cable programming. Private bathroom with separate bathtub and showers are provided to each room. Just like its name, this villa provides you spas where you can enjoy the service include massage, facials, and other body treatments. Other amenities offered by this villa include express check-in, 24 hour front desk, airport shuttle, laundry service, and free valet parking.

Ardha Chandra Villa – This villa is located near Echo Beach and Perenan Beach, giving you easy access to enjoy sunset. There are six rooms you can rent for your stay which each of them features air conditioning and kitchen, completed with microwave and refrigerator. Each room also has private balcony so you can relax and sip your afternoon tea while overlooking the view of the beach. There is also garden in the villa where you can hold barbeque party. There is complimentary shuttle operating within 10 km. Thus, you don’t have to take a cab or public transport to visit some places such as bars, restaurants, or clubs. Aside from standard amenities, you can also ask for other amenities provided by this villa such as laundry service, luggage storage, or roundtrip airport shuttle.

The Zala Villa – This villa is affordable even for budget traveler. It is situated near Canggu Beach and Echo Beach. It consists of three rooms with private pool and LCD TV. There is also functional kitchen you can use. Other things to enjoy include onsite massage and outdoor pool. If you bring your kids, there is babysitting and childcare service to use. The best part of this villa is that its location allows you to enjoy rice paddies views. Friendly staffs are also charming and always ready to provide what you need.

Why Property Business Can Be Your Long-Term Source of Income?

If you are thinking about the title of this post, you may actually have been known what the answers are. But since you may don’t know what’s going on to the other’s mind, you will need this article in case you miss something.

Ever since the property have becoming a business until today, many business owners and investors are still making the property business becoming their main source of income. It is no wonder that we often hearing that many rich people are having their own property business. Even if they don’t, they may are looking for the other businessmen in the same industry and have decided to investing in.

Reasons why property business can be the main and a long-term source of income

There are reasons why people are making the property business as their long-term business. The first reason for that is because the property (building) itself can be built by combining the materials and the knowledge of the experts to make a durable property.

The longer the property is stands, the higher the property can be valued. Later, it will contribute in the longer the chance to generating more money through property business.

Secondly, if you have got a property or investing in a property business located in the hot spot with highest demand, returning your investment can be easier and later you can only think about how to maintain it and how much money you can make out of it.

Property demand will surely increasing along the more population of the area or city. Takes a property investment in a central of the city, that will be a great thing to do if you can get it once in your life. People will be using it as their main resident so they can shortening the distance between where they are living and where they are working.

The next reason that can be thought of by many of us is the property itself somehow the type of business that last for longer time. Remember, property is built to be used for a long time, so it can also be supporting the business itself.

We have realised that there is something called as the natural disasters such as flood, earthquake, and the others than can be the threats for the building, but I think that we shouldn’t worry about them since any type of businesses will get the impacts by the disasters. they are beyond our control even though we can choose the location with less disasters to get more benefits and incomes of a property business.

Another last reason I’d like to tell you why property business can be your long-term source of income is relating to the fears of the future for your family. What if you are not in this world any longer, don’t you worrying about how your family can continue their life? Sorry for telling you this, but that’s the fact; we don’t live forever.

If there will be some durable and long-term businesses that can also be taken its advantages and even can be the main source of income for your future family, one of it can be the property business whether you are the owner or as simple as becoming an investor.

How to Easily Market the Rental Property Online

Rental property business is usually increasing by the time especially when its come to the holidays season. For the rental property owners as well as the other businessmen in general, marketing the business can be troublesome when they are doing it online.

How to easily market the rental property on internet for beginner

The first reason for that can be lack of knowledge and experiences. Hiring the digital marketing agency can also be an issue where the business value isn’t as big as accommodation offers such as hotels, villas or condos. It is a rental property below that kind of accommodation businesses that we are talking about now.

But, the rental property owners can actually do some useful things that is easy even though they don’t have more knowledge and experiences as expected.

3 easy ways to market the rental property on internet

The small rental property business I am talking about can be a boarding house or a hostel. If you have been decided to get it into internet so it has more chances to get customers or the tenants. And if you wants me to tell you what to do where you can do it by yourself, you can see some of the beneficial tips in a second.

1. Building a site for your rental property

Well, I know you have no idea how to build a site at all. But you don’t need to worry about it any longer since today, there are some of the site’s platform that will only allowing you to post the updates about your business while doing nothing about the technical stuffs.

Building an official website for your rental property business is vital to start your online marketing strategy. It doesn’t even matter if you are going it using the free CMS for that such as WordPress or Wix. Just make sure that the contents are valuable to your tenants and can be found on search engines especially Google.

2. Build its social media accounts

To get your rental property business reaches more tenants, you can use social media for that purpose. It is a way to introduce your business as well and also to help the main website to get more visibility where you can use the social media accounts to promote the official site on above.

There are some popular social media you can use such as Instagram that is perfect to market your rental property using images and videos, Facebook, and twitter. You can also make use of the YouTube and sharing the videos about your rental property over there.

I am not mentioning the other social media profiles since sometimes you will need only 2 or 3 of them. If needed, feel free to use the twitter as well.

3. Locate your rental property business on Google Maps

Have you been searched for rental property or accommodation before and the first results on Google was showing that the Google Maps’s results appeared on top of your search?

Competing in search engines will giving us various type of search results including the business who have been located and pointed on Google Maps. So that, don’t forget to register your rental property on Google Maps since it will also contributing in how you are optimising your site and business for local the searches.

And keep in mind that you’d better show your business location or map on your official site as well as your social media accounts.

The above 3 ways for marketing online your rental property business are easy and free, if you are thinking the otherwise, I have no other ideas how to help you.

Improving Your Brain to Improve Your Business

Your whole body is your asset. It is priceless and that’s why being healthy is such a blessing. Running a business means you need to maintain your body to be 100% fit all the time because there are so many things you need to do and accomplish. Besides, becoming a successful business owner or investor cannot happen in a day. It can take years before you truly successful and wealthy. Aside from your muscles, your brain plays important role. How can you plan a strategy if your brain cannot function properly? Where the ideas come from? Thus, it is important to keep improving your brain ability not only for the sake of your health but also for supporting your business.

Improving Your Brain to Improve Your Business

Great habits to improve your brain

There are signs when your brain needs immediate improvement. Well, it is not as easy as recharging a battery or replacing broken machine. Improving your brain means you need to adopt certain habits and you need to do it constantly. Your brain is important in order for you to run your business properly. It is crucial because you need to think of rational decision, make strategic plans, and calculate risks, and find the exits. Those who success in their life have their own daily habits while the others don’t. Improving brain function can help increasing IQs, strengthening brain cells, improving memory skills, and accelerating thinking skills. And here are the tips to improve your brain function:

Reading

It sounds simple yet so many people still refuse to do it just because. Successful individuals are those who spare their times to read at least 30 minutes a day. However, it is not about reading romantic novel or fantasy. It is about reading something that can add your knowledge of something important especially about business if you want to improve it. You can read book about educational materials, biographies, self-improvement, or influential people. This is a soft way to educate yourself as well as improving your brain in non-aggressive manner.

Learning new skill

This sounds intimidating and time-consuming especially when you are currently juggling your time between your family and business. However, it doesn’t have to be heavy thing. You can learn simple skills. For example, you watch foreign movie. You can learn the language every day in light manner like memorizing five vocabs each day. This light exercise helps improving your brain. And who knows maybe someday you can you’re your language skill to score a clients from foreign country.

Physical exercise

Exercise is important in general. It is important to maintain your fitness so your body can function properly. However, exercise can also help improving your brain. You don’t have to go to the gym every day and do the weightlifting. You can do simple and cheap exercise such as running, biking, jogging, rope jumping, or swimming. Aside from stimulating your brain, it can help reducing the level of stress from your body. The more fit and healthy your body is, the better you can handle your business to run smoothly.

Making Better Property Investment the Right Way

There are many types of property investment you can choose. However, there are basically two types you should know. They are brand new and established properties. However, it is quite hard to decide which one is better than the other because both have pros and cons.

Choosing the best property investment

There are various factors of both investment properties that can influence your decision making.

The best way to decide which property investment for you is to see the pros and cons thoroughly and consider them based on your financial circumstances, interest, portfolio, and strategy.

Choosing the best property investment

To know which property investment fits you the best, you need to find out more about property investing.

You need to find out risk, pros, cons, weigh, and everything related to this business. Only then, you can choose which one of them that fits your circumstances.

To help you have insight of property investment, here are pros and cons of both brand new and existing properties:

  • The pros of buying brand new properties is that you have benefits of depreciation. You will get the best depreciation return since the rules tells you so. Another pros of having new properties is demand of market especially for young tenants. New properties equipped with high-tech gadgets are more popular and attracted to young generations.  In addition, new properties don’t need much repairs or maintenance especially since it still has the builder’s warranty.
  • The pros of established or existing properties is there is no limit to location. Another benefit of buying existing properties is the lower price compared to the brand new one. It means, you are able to buy under market value. In return, you get instant equity. You can add the value of the property using your way. Making some improvements to the property will boost the value.
  • The cons of buying brand new properties is the premium price. Thus, it is sometimes not affordable for young and new investors who just started investing. In addition, sometimes the incentive and special offers informed by the developers are not as good as the initial look.  Another cons of brand new properties is the location that can often be compromised. Next pros is the quality of the property itself. Sometimes, it comes second to profit.
  • Meanwhile, there are also cons of established property investment such as hidden flaws of the property. If you fail to identify the costly flaws, it can cause you headache in the future because you will need to spend much money to repair. Another cons is renovation budget can overshadow the profit. You may also need to go for development plan in order to add value to the property. During this process, you may encounter another problem. Next cons is related to the benefits of depreciation. Unlike brand new property, established property’s depreciation benefit is now less than it used to be. So, there are both pros and cons for brand new and established property investments. Choosing the one that fits you is the right thing to do.

How to Prevent Your Rental Property from Vacancy

When you choose to invest in rental property, your task doesn’t stop after buying the property. You still have many things to handle. One of the biggest challenge is to find tenant. Well, it can be quite easy to find any tenant. However, finding the right one can be challenging. It is important to find the right tenant because your property is your asset. You need to make sure if the tenant will follow your rules and not break your property. Besides, not all tenant can pay on time each month for rent. Another challenge is to set boundaries with tenants so everything goes smoothly.

Preventing your rental property from being vacant

Owning rental property is a good thing considering you will have steady income from the rent every month. To do so, your property needs to have tenants. However, it is not uncommon for rental property owners to do many things to find tenants because vacant property is always not a good sign for business. So here are tips to prevent your rental property from being vacant for too long:

  •  Be realistic with your rent conditions. This may take time to learn since you need understand more about rental market conditions. It is often for landlords to increase the rent every year. However, it is not always a good thing because your tenant might just stop the lease and move out instead of extending it. You need to keep your rent in-line with the market. Be wise and tentative in making decision regarding to the rent.
  • Ask advice from property manager. Lots of landlords refuse to hire property manager to save their budget. However, spending extra cost to hire professional property manager will be worth every cent you spend if you get advice to help your property tenanted. By hiring them, you will know the situation of the market as well. This way, you will know what is going on in the market exactly. You will also know then what to do to keep your tenants.
  • If you don’t want your tenants to cut their lease, you need to make sure your property is at its best. Which tenant enjoy peeling paint or stuffed pipes? No one. Therefore. You need to make sure to take care of your property and make it look at its best. This way, you give your tenants enjoyable and comfortable space for living. Regular maintenance is necessary. If your property has been vacant for too long, you may need to assess to make it looks more presentable.
  • You need to learn how to be a good landlord to keep your property tenanted. No tenant likes cruel landlord anyway. It doesn’t mean you need to be overly clingy to your tenants just make sure you maintain good business relationship. You can listen to their request and consider it. If it’s a possible request, you can realize it. It can be a good way to make your tenants happy while improving your property.  

Spotting Costly Flaws of Property You Are Going to Buy

Buying a property for investment cannot be done carelessly and randomly. You need the right plan to choose the right one so that you make good investment.

Inspecting flaws of property to invest in

Just look for the seller’s point of view.

If you want to sell your property, you will make it look presentable and hide all the flaws that will make potential buyers turn their back.

Then, as an investor and buyer, you need to be more diligent in finding those flaws so that you buy the right property and the money you spend is worthy.

To be able to spot any flaws both major and minor, you need hawk-like eyes. Brief and simple inspecting is possible if you have ability to find out every flaw of the property in just few minutes so you don’t have to waste your time.

Inspecting flaws of property you are going to invest in

It is easy to fall in love with stunning décor when you look at a property. However, the flaws you failed to identify will cause you to dig your wallet deeper especially if they are expensive to repair.

Before making decision you are going to regret, here are tips to inspect property before buying:

  • You can investigate the property from the outer part first. You have to look for any damp rot at the join in the timber weatherboards. You also need to check the stump and find out if it needs major repair or replacement. Drainage and pipes are essentials part of the property you need to check. If the pipes cannot deliver water towards drain, it can cause you costly problem to fix in the future.
  • You also need to check the roof especially if it is made from iron. If it looks too rusty to consider safe, you’d better find another property. If the roof is made from tiles, check if there are any missing tiles. If the roof looks saggy, it is not a good sign as well. It can cause leakage. You also need to check wooden structures and see if there are any termite damages.
  • After checking everything at the outer parts, you can start checking the inside of the property. The first thing to check is the doors and windows since they are directly related to the safety. Check if the doors can open and close properly. You also need to check the windows and see if they have major or minor cracks.
  • You need to check if there is any crack or damp. Make sure to check thoroughly even on the surface where the paint look fresh and new. You also need to check the ventilation if it works properly. Next, check the plumbing and pipes for leaks. Don’t forget to lift rug or carpet and see if there are any cracking tiles or holes behind the walls. Of course, there is no perfect property. However, you can make proper calculation of what to do in the future if you conduct proper inspection of the property you are going to buy.

Things You Need to Know Before Buying Off the Plan Investment Property

Buying off the plan investment property is a property that hasn’t been built yet. However, there are many of them in the market promoted as promising project to invest in. you may have read or watch commercial about new apartment project proposal in quite large number. There are many investors who are brave to invest in this type of investment property. However, you shouldn’t follow what others do just because you think it’s cool or tempting. You need to know the good and bad in buying off the plan investment property. Thus, you know what you are getting into.


About off the plan investment property

Every type of investment has its own risk and weigh you should consider. Before buying property, it is highly advised to examine every aspect so that what you buy will be more valuable in the future. Doing buy off the plan is actually riskier than usual investment property that has been built. Here are things you should know about buy off the plan investment property:

  • Most people are tempted to do buy off the plan mostly due to the convincing ads and promotion through media. In the advertising, cheap prices are the highlight of buy off the plan. Thus, people are more interested. Investing in property with lower price than average is of course tempting. However, you also need to be aware of the risks.
  • There are many risks when it comes to buy off the plan. The major ones include oversupply. Besides, this type of investment property involves creation of primary and secondary market which cause another risk. For your information, second owner will not receive the same tax benefits. Second owners won’t also be able to claim negative gearing against their wages. It is different if you are the primary owner.
  • There is high risk for the vendor to drop the property value due to lower benefits to the buyers. Thus, it forces price reduction. The property values will falling significantly and of course it is not a good thing to happen.
  • It is rare for buy off the plan to make good investment. Thus, it is highly advised to think many times before deciding to do buy off the plan no matter how tempting it looks. It is highly possible for you to gain less that you paid. If it is not a good investment then why there are many people who still promote this type of investment and lots of people do it? Well, you might want to find out more about property development and how it works in larger scale such as apartment projects.
  • It is often that many off the plan projects being marketed won’t get out of the ground. Of course you will get your deposit back if this happens. However, it means that you just waste your precious time in investing something that is not worth your money. There are too many risks in this type of investment property so it is wise to not jump on it blindly.

Seminyak Villas with Tropical Vibe to Book

Spending your holiday to tropical places like Bali can be a healing treatment. This is how you can get rid of stress and burden from daily work. One of the best areas to feel tropical vibe is Seminyak. Thus, might as well consider to book one of Seminyak villas with tropical vibe. Bali is a great place to visit throughout the years. Anytime is ideal to visit Bali since the average temperature is comfortable and enjoyable for having tropical retreat. Type of accommodation chosen by visitors the most is villa, especially the one surrounded by nature like greeneries, rice paddies, or beaches.


Seminyak villas with tropical vibe

If you are seeking tranquility and entertainment for your holiday, Bali can provide them with ease. There are many elements of Bali that can make you feel awed. Most attractions are jaw-dropping that visitors always want to come back later. People in Bali are also sweet and welcoming. You can befriend the locals within minutes which shows how friendly they are. Thus, spending your holiday in Bali gives you enjoyable time especially when you choose the right villa to stay in.

  • Villa Waterlily – Just like its name, this villa is beautiful and lovely. It provides three tropical bedrooms fit to 6 persons max. Its location is next to the heart of Seminyak but a little bit hidden from the crowd. Most of materials of the villa are natural such as teak wood, bamboo, rattan, and many more. You only need to walk few minutes before arrive at Double Six beach. The living area is designed in tropical open-plan concept featuring alang alang roof. It is decorated with traditional artwork as well as tribal sculpture. There is also teak dining table situated at the right stand. For the exterior, it features swimming pool decorated with natural stones. It has garden as well as lotus pond for you to bask in fresh air.
  • Villa Mimi – This villa has cute name featuring three tropical bedrooms. It is situated in the heart of Seminyak and in walking distance to Seminyak beach. Aside from giving off tropical vibe, this villa offers luxurious, comfortable, and spacious accommodation. Each bedroom is equipped with satellite TV and DVD players. As for the bathroom, it features freestanding tub on pebble stones. The living area has direct lead to the koi fish pond and swimming pool. You can also read in the study room featuring library of books. The outside features swimming pool decorated with natural green stones. There is also gazebo next to the pool to relax.
  • Villa Arte – This is one of Seminyak villas with tropical vibe you can book for your holiday. It has four bedrooms with mosquito-netting bed. Each bedroom features bathroom with outdoor rain shower. There is also living pavilion with direct access to the pool outside. There is also tropical garden with stunning swimming pool completed with timber deck to relax. In addition, the parking lot is also spacious. The overall design of this villa is decorated with ethnic culture.