Real Estate Property Management: Is There a Tenant in the House

You?re about to take the plunge and buy your first investment property. Should you buy something that you can live in, something you can develop and sell on, or should you buy a designated rental property? If you are going to choose the last option then you need to do your homework first. There are different types of tenancies and every one of them should be handled differently. If you do decide to opt for rental property investment then check out the property investment forum at http://www.singingpig.co.uk/articles.aspx#propertyInvestment
to find out more. It may be more complicated than you think. So before you make your final bid, or put your money on the table, you should ask where there is a tenant in the house.

Some properties that are sold at auction already have sitting tenants. Real estate property management is not for the beginner. To begin with you would need a substantial sum of money behind you if you have set your mind on rental property investment. Then, if you still think you are up for real estate property management you need to do your homework. The property investment forum will give you some insight on what you need to know. For a start rental property investment is not the same as other investments, real estate property management can be a big headache for the uninitiated. The market changes from day to day so what works for one person at a certain point may not work for you at another. You should make sure that your finances are such that they can support you through a period when property market prices go down rather than up.

So you take the plunge and you?re now in the business of real estate property management. You need to make sure that you?ve done your cash flow forecasts because you have to have sufficient funds for property maintenance. Landlords who don?t carry out proper maintenance not only upset their tenants, they could fall foul of the law and find themselves in a worse financial position. Rental property investment may be a good proposition if the place is empty when you buy it because sitting tenants may have a regulated tenancy which means that you could find yourself getting less than the market rental rate. This where the property investment forum can be really helpful because it gives a breakdown of the different types of tenancies.

Sometimes people are anxious to make money in property development but are not fully prepared for all the hard work that needs doing or the problems they may encounter. You shouldn?t be too quick to give up the day job. As this article has already pointed out the property investment market is not static and unless you have some money to fall back on you could find yourself in a lot of trouble. When it comes to rental property, as contributors to the property investment forum point out, if the property has sitting tenants then you will not make the money you might have anticipated. You may see tenants as your bread and butter but sometimes they are more of an expense than an investment.

Julie-Ann Amos is an international professional freelance writer/author and consultant, writing for www.singingpig.co.uk. She recommends their property investment forum at http://www.singingpig.co.uk/articles.aspx#propertyInvestment. For more information on her writing services visit www.exquisitewriting.com

Digital Asset Management Software

If your business relies on digital files for its day-to-day operations, then you should definitely invest in quality digital asset management software ? designed to let you track, organize and retrieve important documents, images and other digital files easily.

Digital asset management software has long been a necessity for industries such as digital photography, graphic design, advertising and publishing. Newer versions have features that are relevant to other types of businesses and more and more industries are jumping on the bandwagon.

Among the converts are document-rich organizations that seek to modernize their filing systems. Digital asset management software, although best known for their ability to quickly track image files, now also track and retrieve documents and other frequently-used Microsoft Office files. The software usually captures all of the data/text in the file and then records them into the database. A user can type in keywords or phrases and be led to relevant documents. It also works on PowerPoint and Excel documents, among. Users can also create customized catalogs for their files and cross-reference files in several catalogs. This digital asset management software is so effective that many businesses are migrating from the traditional filing cabinets to these e-files.

What?s more, most digital asset management software is affordable even to smaller businesses. There are single-user versions that go for less than $100, and it only costs $50 more to upgrade to a professional version. Business packages are also affordable at about $2,800 including license. These packages already include servers, multiple user accounts and constant manufacturer support. There are even free online demo versions available to hesitant buyers. These demos have limited functionalities, but business owners who want to try the product out before purchasing find them very useful.

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An Introduction To Real Estate Property Management Software

The real estate market is a booming industry. The success of the industry is a result of competition and the intervention of modern technology. Most people in the business prefer to use real estate property management software to stay ahead in the race. This software has been designed to cater to commercial and residential property, office buildings and apartments.

Real estate property management software is an effective and easy-to-use tool. This software helps people understand the real estate business. It is a quick response application that can store each detail of every transaction. This helps study non-payments and full-payments of rent, and maintains a detailed report of rent receipts and invoices.

Property owners are able to key inputs as and when required. The secured system is intelligent and allows changes from authorized personnel. Real estate property management software can evaluate an unlimited number of properties and units simultaneously. The software stores detailed data related to rent payments for all individual properties. This systematic approach eliminates any problems due to taxation.

Real estate property management software generates automated reports in cases of wrong payments and non-payments. The software does away with the practice of owners waiting for rent payments. All maintenance expenses or any extra revenue statements are regularly updated. The software also stores tenant information.

Residential property managers must select property management software that is most suited for their work. These applications are available with one-month money-back guarantees.

The residential property management system is considered to be time- and cost-effective for a manager and resident. The application can create a personalized website for an individual company in a relatively short time. This allows prospective and existing customers to visit the web site. This is a convenient method to view pictures of property, pay rent and submit maintenance requests.

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Rental Property Management Key in Costa del Sol

Once you've taken the leap and purchased a villa or apartment in Spain's beautiful Costa del Sol, you face another crucial decision: finding a company to look after your property when you are away. Whether your villa is in Fuengirola or Marbella, you need to ensure that the rental property management company you select will provide you with the service, maintenance, and oversight that give you peace of mind.

The right rental property management company gives owners of Costal del Sol property who are interested in letting their villa or apartment the confidence of knowing that they can gain the financial rewards of short- or long-term rentals while protecting their assets. If you are looking for a rental property management company to oversee your villa or apartment in Fuengirola or Marbella, here are some tips to find a good fit:

Property inventory - A reputable rental property management company will go through the property with you, taking a thorough property inventory and using that as the basis for checking the apartment or villa after guests have departed.

Regular property inspections - Ideally, the company you select should perform a weekly property inspection. The inspections should include a check of all plumbing, making sure all showers, baths, toilets, and other fixtures are in working order. It should also include an inspection of electrical outlets and small appliances, again to ensure that they are in working order.

Outdoor inspections - The rental property management company should inspect lawns, gardens, and the pool for damage and to make sure that sprinkler systems and pool filters are in working order. In addition, the company should regularly inspect for pests and vermin.

Mail pick-up - The company should offer regular mail pick up and a forwarding service.

Property administration - Ideally, the rental property management company will ensure that utility payments, taxes, and other bills are paid in a timely manner. They should also provide you with a monthly report on the status of your property, as well as a line item list of any maintenance issues that need to be addressed.

Cleaning - Prior to guest arrival, the rental property management company should arrange to have your villa or apartment cleaned and prepared for letting. Some companies may, for an extra fee, also offer greeting services to and owner's renters.

When you find the right rental property management company, owning property in Fuengirola or Marbella and be both a personally and financially rewarding experience.

Chris Robertson is an author of Majon International, one of the worlds MOST popular internet marketing companies on the web. Visit this Real Estate Website and Majon's Real Estate directory