Real Estate

The Important Role of Strata Management in Real Estate

Strata management agents are a crucial part of the ever-growing real estate field. Managing agents have significantly contributed to the steady growth seen in the real estate market. The strata building management Melbourne comes in handy when property owners need a professional to manage their property. Whether it’s a commercial or residential building, strata management agents will take care of every administrative task as prescribed by the property owners.

The term Strata is related to the ownership of the real estate. In this scheme, the owner doesn’t have full ownership of his property.  This method has some features similar to a condominium. You will get a marked parking spot, and you will have to take your part in the maintenance of the building. The most important thing about the strata title is that it provides the owner with the ability to control his apartment. Moreover, you will need this title if you want to sell your property.

There are several reasons why strata management in real estate is essential for any property owner. Let’s look at a few of the reasons why you need strata management services in real estate:

Main Role of Strata Manager

There are many similarities between property and strata managers. However, the property manager is responsible for separate apartments, while strata will take care of the whole residential building, or even several of them. They have to deal with the administration, which is related to record management, tenant management, insurance, and maintenance. A person with this role will have to take care of finances as well. Also, he needs to communicate with all of the part-owners to be more effective in dealing with various challenges. As a strata manager, you will have to collect copies of all relevant documentation, organize meetings, prepare voting papers, deliver proxies, keep the records, and more.

Liaising with Owner

One of the most critical duties that strata building management Melbourne has is working hand in hand with the owners. The management is responsible for ensuring that all-important information is shared with the owner. Information such as financial statements, legal documents, community notices, invoices, and more, are kept safely and professionally under the care of a strata manager. He should pay attention to keep good relations with owners, and between them as well. That way, each situation will be much easier for solving. The manager should inform them about the main rules related to organization, regulations, and maintenance to avoid any potential disagreements. Also, if you have this role in the residential building, you are the one responsible for setting the meetings. These meetings are important for checking insurances, expenses, potential malfunctions that need to be repaired, and much more.

Ensuring Adherence to Safety Standards

There are always real estate safety regulations, and the standards may vary from state to state. For this reason, a professional is better placed to not only understand the rules but also ensure that your property meets them. Self-managed strata can sometimes fall short of the standards due to ignorance. Strata management works around the clock to ensure that your property always adheres to regulations, even if it means implementing occasional upgrades. The agents help you avoid fines and costly expenses you’re likely to run into if legal action is taken against your property for failure to adhere to all set standards.

Maintaining Strata Environment

Strata property can become a challenging environment to live in if common areas are left unattended. Even if the individual units are kept according to everyone’s preferences, the living standards drop when the common areas remain wanting. Strata management agents hire tradespeople on behalf of the Owner’s Corporation to take care of all common areas. They help with insurance issues, renewal of policies, collection of levies and submission of claims, all on behalf of the Council of Owners.

Maintaining Compliance to Legislation

In every state, every strata development has to comply with specific legal regulations. The law has standards and expectations that every strata property is expected to meet. There are many legal requirements that every strata scheme has to meet to operate. These might be confusing or rather too demanding for strata title holders to handle on their own, and that’s where strata management comes in handy. To avoid falling on the wrong side of the law, choose to work with a strata management agent with the resources and experience to get the job done. Among other things, a strata manager will help you take care of your property’s financial accounts in-line with the state laws and regulations.

Bottom line

Always work with experienced strata building management Melbourne. To enjoy the good found in real estate, strata title holders rely heavily on strata management for professional counsel on how to navigate the real estate market. Most strata properties that are run seamlessly have a strata manager working behind-the-scenes.

Furthermore, there are some misconceptions related to this position where people think how strata managers have much bigger authority. However, you have to know that this person is not allowed to enter your apartment without you letting him. Also, they don’t have the authority to sign or cancel contracts on their own. There has to be a council for these terms. Also, they are not obligated to provide the people with any sort of legal advice, but they could help with important information. That is one of the reasons why the community in one building should look for an experienced manager with proper knowledge and problem-solving skills.

In many cases, people who choose strata don’t know so much about this method. Therefore, an expert in this type of ownership is crucial for legality and other terms. However, people in the residential have to be more active in the council to improve their environment. In the end, the strata management is only there to fulfill their ideas and improve the effectiveness. This model origin from Australia and it represents a very popular type of ownership in this country. Therefore, it is not a surprise that we have strict laws and regulations in this country, where the role of strata managers is defined. Also, the strata can get a certificate or accreditation for better efficiency.

6 Tips for Protecting Foreign Assets In Estate Planning

Estate planning makes sense if you want to protect your assets for the benefit of your family. You can include anything, even real estate or land outside of your own country. But when you have property on foreign soil, it becomes a bit more complicated. You have to think about taxes and how your beneficiaries can possess property away from where they are. Thankfully, as long as you have these tips to consider, you can keep your foreign property safe.

1. Avoid Double Taxation

When the foreign property ownership is transferred, realize that there is the risk of getting double taxation: by the US and by the country where the property is situated. The US has tax treaties with the following countries: Australia, Austria, Denmark, Germany, Finland, Greece, France, Italy, United Kingdom, Japan, Ireland, Netherlands, Norway, Switzerland, and South Africa.

If the decedent is a non-citizen but has properties in any of the countries mentioned, the respective governments can tax these properties. If the asset is taxable by the deceased’s land, let’s say the US, then the US government must grant credit to the property to cover foreign taxes. Property tax will apply only on assets that are in the decedent’s own country of residence.

To avoid getting taxed twice, you may want to explore two options on active and passive foreign incomes: the OECD Tax Treaty Model and the UN Tax Treaty Model. Also, if you’re going to start a business overseas, study the different incorporation types first to find out which can apply to your business model. For guidance on estate planning and foreign property, check out

2. Steer Away From Fraudulent Conveyance

A property transfer is fraudulent when you intend to avoid creditors right away when filing for bankruptcy. In preparing for estate planning, the asset should be placed in a trust years earlier so that creditors won’t be able to take it away. You could run into legal troubles if you’re lying to individuals or institutions you owe money from. Examples of this are as follows:

  • If the ownership was transferred to someone else, but you’re still using the property
  • If you intentionally failed to disclose the information about the property
  • The property was sold for less than the original market value
  • If you’re unable to pay what you owe after transferring the property
  • Asset transfer to immediate family members or a close friend
  • Conducting an uncommon way of transferring assets

3. Hire Local Professional Assistance

You must seek an attorney where the asset or property is located. They’ll be able to help you navigate the country’s laws on tax and estate planning. Some countries are not familiar with or recognize legal documents such as trusts. If the government finds that the transfer is initiated through a will created in the United States, you could be looking at higher taxes.

A local attorney would also be helpful when you need to purchase property or sell it. For example, buying a property in the Caribbean is not an easy task if you don’t know how the laws operate. If you can’t leave your country for some reason, do your research to find the best lawyer to handle the purchase for you.

4. Use An International Will

If you want to avoid tax implications and other legal confusions, consider an international will for foreign assets. The will created under the governing laws of your property’s location will pursue its provisions and grant the property according to its own intestacy laws. Countries that recognize the Uniform International Wills Act include the following necessities when drafting wills:

  • There should be an existing will in writing
  • The drafted will must be witnessed by two people, all pages signed by the testator under the authorization of an attorney, if prepared in the US
  • The transfer or the distribution in a will must be by one person only
  • The attorney must accompany the will with an attesting certificate with the indication that it was drafted in accordance with the Act.

5. Disclose Foreign Assets To Your Attorney

Working closely with an estate planner means divulging all information on your foreign assets. It’s essential to include them in the planning of your estate—especially involving matters such as the heirs or designated persons who will manage it at the time of your passing. At the same time, your attorney will help you find out about the laws applicable, as well as tax implications. Keep in mind that all of your assets count in asset planning, even if they are offshore. This will ensure that your property will be transferred to the right person.

6. Place Assets Under Qualified Domestic Trust (QDOT)

Spouses with non-US citizenship and living in a foreign country may take the marital deduction on estate taxes as long as the foreign property is placed in a QDOT. It protects your assets for your surviving spouse who is not a US citizen so that they don’t have to pay property taxes, which won’t be possible under common taxation laws. It’s essential to comply first with all requirements to maintain the validity of the QDOT. It’s also important to note that the QDOT has limits and only defers paying estate tax until the non-US spouse’s passing.

7. Place Property Under International Trust

When you have an offshore property, you can place it under the protection of an international trust against the reach of creditors. It works the same way as a local trust, where you hold control over it for the sake of your beneficiaries.

An international trust provides a barrier to your foreign assets to make them out of reach of US law as judges don’t hold jurisdiction over foreign entities. But the protection only applies to Nevis, Belize, Isle of Man, and the Cook Islands—economically and politically stable locations.

The mentioned locations are also defendant-friendly. In the Cook Islands, creditors must prove that the defendant did the transfer to defraud them. At Nevis, creditors must put a deposit of USD$25,000 first before filing a lawsuit against a trust.

In Conclusion

Your foreign property or business is among the many assets you worked hard for. To protect them, they must be included in the estate planning, and to be awarded to the person you trust eventually. You may also ask for assistance from your estate planner to find a local attorney where your property is located. Both can work together to make sure your goals are fulfilled.

6 Things To Know About Buying and Selling Real Estate in Bankruptcy

Most people make money by selling real estate. And this is a really great opportunity to make a lot of money. However, there are different ways in which real estate can be sold. A real estate agent encounters various cases. One of the most common is the sale of real estate in bankruptcy and it can pay off the most if you know how to deal with it. If you belong to this group of people, you know for sure that you can find great discounts on the market.

Of course, as in any other business field, you need good tactics and some luck. If you need a little help when it comes to tactics, we have made a list of things you need to know when you are in this business. This refers to tips that will help you go great in buying or selling real estate in bankruptcy.

1. You can find a lot on the internet

Like everything else, you can learn a lot online on this topic. However, we do not mean any basic information. We want to show you ways to find assets in bankruptcy. Of course, it’s not that easy. So, there are properties that are more complicated to buy / sell than others. This mainly applies to their location when it comes to the Bankruptcy Court.

It takes a lot of research to find out who owns the property. It involves a very laborious process. For example, to search for property within a state, you need to search the database of all district courts. Since there can be a large number involved, most people give up. However, there is a multiple listing service that represents a large real estate database. This is a place where brokers cooperate so that everyone else can access the list and thus connect with as many properties as possible.

Another way that will benefit you is to list the previous sale of the property. Here you can find some useful information about the area you are interested in. This can be a guide for further portions.

2. Contact the bankruptcy attorney

If you are very interested in a certain area, there are a few more tricks that can help you find several business opportunities in one place. So, contact a law firm like Friscia and Associates who deals with such cases. He will certainly know the brokers he has worked with before or he will refer you to some of his clients and the like.

3. Bankruptcy trustees are very useful to you

Also, most bankruptcy attorneys already have a regular list in their office with which you can contact bankruptcy trustees and find out more about them. So, once you have found a particular debtor and his assets, you can get in touch with bankruptcy trustees. However, in order to find their names, it would be good for the above-mentioned lawyer to help you.

Trustee manages this property of the debtor and that is why you need it. Another great thing is that sometimes you do not have to contact the debtor but directly from the trustee if he is interested in cooperation. This way of cooperation takes place without intermediaries and the trustee thus avoids commission.

4. Avoid complications with unforeseen circumstances

This applies to any contingencies you wish to bring to the bankruptcy trustee when selling a particular asset. While you might immediately accept your offer for even more money than your proposed amount, after your presentation you could imagine. So, situations imply problems with financing, inspection and the like. Such circumstances are not welcome to any trustee even if there is money for all the costs of potential real estate repairs.

On the other hand, all these repairs generally have to be approved by the court and this incurs some other costs. This refers to lawyer’s time, which costs a lot. Keep this in mind and try to avoid these complications so that your offer is better and accepted as quickly as possible.

5. Customers should protect themselves

Anyone who buys property in such conditions should insure themselves in the form of deposits and inspections. This behavior is a precaution in case you buy something that is not compatible with your previous expectations. Such cases usually occur when buying at auction when the property is taken immediately.

While the foreclosure trustee immediately takes the money from the buyer in person and then records the money, the bankruptcy trustee leaves room for exchange until the condition is met. This way of cooperation implies a deposit which eliminates the possibility of unforeseen situations. In this case, each buyer can go to the place of the real estate and check everything that comes in connection with the set conditions of cooperation. In this way, the customer can terminate the cooperation if he does not like something.

6. Duration of closing the transaction


Whether you are buying / selling a property, the court must approve the sale. So, you need to wait a certain period of time after you have posted the contract and signed the contract. When it comes to a list of priority claims in court, you don’t have to worry about waiting long. This requirement is taken into account very quickly and therefore you will not have to wait too long for the outcome.

It will take about a month, but it will also depend on several factors. The type of request as well as the court’s calendar schedule are generally taken into account. In most situations, the agreement cannot be established immediately, because it is mostly too high a price. Then comes the auction, which takes place when the request is approved. The venue of this event is a formal environment such as a courtroom, but can sometimes be held in an expert’s office.

It is important to note that sometimes there may be a rejection of the request and the submission of a new one to change the court order. This usually happens when an escrow officer requests a change. Because of this, the process can take a few more weeks.


We hope that all the procedures and principles have helped you to better develop your business strategy. Keep in mind the background of bankruptcy, obstacles during the sale or purchase of property and find your recipe for success. We are sure that you have gained the necessary understanding of the functioning of bankruptcy and that you will succeed in your goal.

10 Tips for Buying and Managing a Rental Property

With a steady stream of income and the potential for decades of generating a healthy cash flow, buying a rental property appears to be the ultimate real estate investment. Yet, even the savviest entrepreneurs find rental properties to represent money pits that return nothing more than perpetual misery. How do you turn diligent research into a profitable lesson on how to invest your hard earned money in a rental property?

The key is to follow 10 tips for buying and managing a rental property. The property management specialists at Utopia Management want to emphasize that knowing how to manage a rental property is just as, if not more important, than knowing how to buy it.

Make it a Turnkey Investment

Should you invest in real estate that requires plenty of work to achieve a higher rate of return, or do you accept a lower rate of return on a proven rental property that requires little, if any maintenance to get ready for tenants. When you invest in a turnkey rental property, you invest in real estate that is already in selling shape for prospective tenants. It is the right move for most investors, especially rental property investors in the game for the first time.

Establish Financing First

Buying a rental property invokes the classic “cart before the horse” axiom. The point is do you search for a rental property first, or do you lock up financing before you begin your search? The answer is to develop a realistic budget, and then return to the budget when you find a rental property you can afford. Then, the time has come to discuss financing options.

You can expect to hear a wide variety of advice on how to finance an investment in a rental property. The issue is not how you plan to finance your investment. Whether you opt for a 30-year mortgage or use the profits earned from another business venture, the key is to organize financing for a rental property investment long before you begin the search for the perfect real estate investment. There are plenty of online marketplaces that help get the ball rolling on the financing of a rental property.

Familiarity Breeds Profits

They say familiarity breeds contempt, but for real estate investing, familiarity is the best friend of investors. Take advantage of experience to gain a competitive advantage in the investment of a rental property. You do not have to invest in a rental property in your childhood neighborhood, but you should invest in an area that you know well. For example, a college professor should look at rental properties in an area near the school where he or she teaches. A professional who works and lives in a downtown neighborhood should consider buying and managing a property located to both home and work.

Delegate Management Responsibilities

Do you have the time and patience to handle late night emergency phone calls that involve responding to a plumbing issue? Do you want to spend every minute of the day dealing with tenant complaints about noise and other nuisance issues? Is there enough time in your day to chase down tenants for delinquent rent payments? Let’s assume you answered no to all three questions.

You do not have to be active in managing a rental property to benefit from the cash it generates. Hiring a property management company that has acquired all the proper state licenses is a great idea for rental property investors from all professional backgrounds. In addition, a professional management company understands state law that includes the legal rights granted to tenants and property owners.

Marketing Made Easy

Finding the right tenants should be the primary goal of any rental property investor. Placing a few ads on Craigslist and hoping for the best does not cut it any more in the hyper competitive world of real estate. You need to be active on social media, such as promoting your rental property on Facebook and Instagram. Video marketing can help you attract the attention of potential tenants by highlighting the best visual features of the rental property. Start an automated email campaign to keep interested prospects informed about property-related changes.

Vet Prospective Tenants Like a Detective

If you decide to be active in the management of your rental property, you should screen potential tenants like a detective investigating cold cases. Running a background check is a good start, but you also need to check both personal and professional references. Run a credit check to determine how consistent a prospective tenant pays his or her bills on time. In addition, ask every prospective tenant to list at least one reference from a rental property owner or management company.

Get Paid Online

Some tenants come up with creative explanations as to why rent was late. The “Dog ate my homework” strategy can lead to countless hours wasted tracking down tenants to pay rent. The solution to the rent payment dilemma is to establish an online system for paying rent. With just the click of a button, you receive monthly rent payments that automatically come out of tenant bank accounts. You can ask for debit or credit card information to start the online payment process.

Understand Rent Control Regulations

Every city implements rent guidelines that cover everything you need to know about buying and managing a rental property. One of the guidelines explains the process for collecting the amount of rent allowed under municipal law. Referred to as rent control, the process requires property owners to present formal applications to increase rent. Knowing how much you can charge for rent plays a huge role in determining whether an investment in a rental property is worth the financial risk.

Buy Low

Look at buying a rental property in the same light as an investor views the value of a stock or a bond fund. Buying when real estate prices are low is the best strategy for earning the highest return on your real estate investment. A recession is the best time to buy, since demand should fall well below supply. Economic conditions should be a strong influence that determines when you jump into the real estate investment game.

Network with Other Rental Property Investors

You can learn from your mistakes, but why experiment with failure when you can learn from the mistakes made by other rental property owners. Network to gain the information you need to make sound business decisions. This is an especially helpful tip for first time rental property buyers.

7 Reasons to Start Investing In Real Estate at a Young Age – 2020 Guide 

New investors are constantly trying to buy properties, and most of them are overwhelmed by current younger generations who are getting into real estate. The market is flooded with younger entrepreneurs, especially in the USA. You can never be too young to get into this business, and there are no wrongs or rights with real estate. If you wish to know a bit more about real estate, as well as why and how to invest in it, keep on reading and find out all there is to know!

Why you should start investing in real estate at a young age? Top 7 key reasons

1. Long-term wealth

For most people, investing in properties and getting into real estate means wanting to grow over the years. Most properties are estimated to grow throughout the years, which means that you should think ahead and make your plan if you want to make a long-term profit. If you wish to know how to invest in properties and be a part of this business, learn more and browse through some amazing real estates around the world! You will learn that real estate is an $8.9 trillion market and that there is a piece of it for everyone who wants to get involved!

2. Expect the dips and learn how to deal with them

Dips in the market don’t really matter since they are quite frequent, and they shouldn’t scare you. However, you should be prepared (mentally) for them to occur. Rents usually do not change during recessions. Do regular evaluations and see what you’re willing to settle for. If the market crashes, think twice before you start to lose your control. The sooner you learn how to manage your money and your property in a stressful situation, the better you will feel and come out of this experience.

3. The younger you start, the sooner you learn

Your first property ever is probably not going to make you or break you. This first real estate is an amazing learning curve that you should embrace and look into. The younger you start to invest, the longer you have to master and refine your skills. In a couple of years from now, you will have an amazing skill set and knowledge that others will admire.

4. Time is on your side

You have loads of time ahead, and you are in good luck since you can research, learn, and fail over and over again. If you are not an at-home mom with two kids, time is on your side! You can learn through constant trials and errors and enjoy the process on its own. Just be patient and give it enough attempts before you call it your next calling.

5. You learn how to manage risks in a different way

Most people will manage and evaluate situations differently when working in real estate. You will gain a whole new approach to the business side and your motivation level will be higher when compared to your peers. Learning how to do some risky tasks and how to balance your work-life and private life will come in handy, especially if you are in your early twenties.

6. You can retire sooner

If you are someone who thinks ahead, this is an amazing benefit for you! You can retire early and enjoy your late 40s the right way! On the other hand, if you were to invest in some properties in your late 40s you’d have a hard time getting to your retirement and settling beforehand.

7. Baby steps win the race

Younger folks can take their time and invest constant trials and errors in figuring out how to do this business.

Tip: Try to find a partner since this can be way more fun for both of you, and you won’t get bored in the process.

Go little by little and remember that sometimes slow and steady wins the race!

How to start? Top 3 helpful tips and tricks

  • Education is important

You will have to educate yourself on diverse topics. If you are a money-hungry individual and you feel as if this is an amazing opportunity, make sure to invest loads of hours when doing your research. You can choose loads of different solutions: you can study through online material, you can turn to school, listen to podcasts, the list just goes on and on! Nowadays everything is a lot more accessible than before, so you won’t have to worry about getting the right knowledge.

  • Find a partner

As previously mentioned, we highly recommend getting yourself a business partner who has been through it all! You can invest with someone in several different properties, and you should aim for a person who has experience in real estate, and someone who is not that older than you. You can talk with them about deals, and figure out if you want to go the 50/50 route, or if you wish to give them a higher percentage while you lay back and relax for some time. You can talk the process through with them and make deals however suits you. You can also make deals according to your schedule, your holiday plans, etc.
  • Do house hacking

Ever heard of this term before? It involves purchasing several different properties (such as duplex, triplex) with several different bedrooms and renting them out to cover your expenses. You should also consult with a local mortgage agent to determine if you qualify. This way you can get started and enjoy:

  • Building equity
  • Gain the needed experience as a property manager
  • Gain experience as an investor
  • See how difficult and challenging it truly is before you start working with larger properties

This is amazing insight info, as well as a great first step to your ”real” real estate business.

Ready for your real estate journey?

Are you ready to start this journey on your own, or do you feel as if you need a partner? Both men and women can have fun in this business, and you can make a decent living if you start at the right time. Do you feel ready and are you willing to make this leap of faith? Let us know your thoughts on property hunting and real estate, we would love to know!

Shift To The Suburbs: How COVID-19 Changed Real Estate Trends

At the start of 2020, real estate experts had a notion of what was up next. They’d identified a set of cities primed for real estate investments and made projections regarding sales trends. Then, COVID-19 struck and everything went sideways. The economy crashed, unemployment rates skyrocketed, and cities and towns across the United States shut down in an attempt to contain disease spread. From a public health perspective, it was a nightmare, but through the lens of real estate, things were not as disastrous as they might have seemed – especially in the suburbs.

Since the start of the COVID-19 pandemic, there have been several key factors that have come together to keep the real estate market moving – in particular, falling interest rates. That fact, in combination with the restrictive nature of living in a city during a pandemic, has served to fuel home sales and even bolster investments at a time when other businesses are struggling.

A Good Time To Buy

One of the most common steps the Federal Reserve takes when the economy is struggling is to decrease interest rates. This encourages lending and, as a result, spending that can boost consumer confidence and trigger a recovery. It’s no surprise, then, that when the pandemic began, the Fed actually pushed interest rates down to historic lows, with the result being a spike in suburban mortgage applications. Anyone familiar with the housing market knew they wouldn’t see rates like this again any time soon.

Of course, lowered interest rates can’t necessarily counter job losses, which is one reason why some people have been surprised by the real estate industry’s success at this time. For example, Houston has seen some of the most significant joblessness numbers in the country. This issue has primarily impacted renters, however, allowing people with secure jobs and sufficient income to take the leap and become homeowners, particularly by moving to the suburbs.

Greener Pastures

It’s not just low interest rates that have driven the increase in homeownership. After a decline in sales during the first few months of the pandemic, suburban purchases spiked as city dwellers – tired of being cooped up in overpriced, crowded apartments – decided it was time to decamp to greener pastures. In particular, urbanites with children felt like it was untenable to remain in the cities and, for those who weren’t so wealthy as to have vacation homes to retreat to, a move was the only option.

The likelihood that people would be working from home for the foreseeable future, and that children of all ages, including college students, could be attending school from home has also played a role in these relocations. Most apartments don’t have room for a home office – and certainly not multiple home offices. Buying property was a way of making room for a new way of life.

Katy: A Case Study

Many suburbs have seen a spike in home sales, but some have had a particularly sharp increase, Katy, Texas among them. Area experts cite several key reasons for this. First, even relative to other suburbs, Katy has an abundance of green spaces and outdoor amenities that make it possible for people to exercise, explore, and even socialize with minimal risk. The city is also close enough to Houston for people working in the city to commute post-pandemic, but Katy is comparatively affordable, whereas Houston is one of the most expensive cities in the US.

Another reason that Katy has done well as a relocation destination is that it had a rapidly growing job market pre-pandemic. Many of these jobs are in manufacturing, healthcare, and other stable industries, and a number of companies have signed commercial real estate contracts there, even since the start of the pandemic.

Job prospects in Katy may be good enough, taken in combination with low mortgage rates, to encourage investors to purchase residential properties in the area. Though this isn’t a great time for rental properties in general – many landlords are struggling to fill their vacancies – larger, suburban rentals do still have an advantage. In terms of space, these rentals are much more affordable, which could attract middle income tenants who aren’t ready to buy, without forcing them to spend more money.

Finally, investors can even ensure the stability of their properties by working with a property management company. According to Green Residential, which works with Katy-area owners, they provide rent default insurance to protect owners’ income, preventing financial shortfalls. Taken together, these trends suggest that, at least in the right areas, the pandemic can still create opportunities for homeownership and real estate investment.

The Big Picture View

Some suburbs may be thriving in the midst of the pandemic, but it’s important for anyone looking at real estate during this time to carefully research their chosen area, as pre-pandemic conditions, along with other local traits, are an important factor. Areas with lagging job markets pre-pandemic make poor investments, no matter how far home prices fall. And in some areas, suburban home prices aren’t falling – they’re actually rising.

Given the complexity of current economic and public health conditions, it may be helpful to reframe homeowners’ suburban flight as less the result of the pandemic proper, and more closely tied to homeowners’ reconsidering what they value. Cities have always been a status symbol and, for some, they always will be. For others, though, cities were little more than an expensive default, and the pandemic has allowed them to consider other options. Suddenly, open space seems more valuable than museums, room to stretch out more valuable than public transit.

We won’t fully understand the impact of the COVID-19 pandemic on the real estate market and overall residency trends for several years, at least until the economy finds its new normal. As more people face the reality that they’ll be working remotely at least part time for many years to come, though, the suburbs are likely to remain appealing. While some will always cling to cities, some former city dwellers now have a clearer view of what life could be like. And if that’s a choice between a small apartment in a city where disease can spread unchecked with great speed and a suburb where they can enjoy their family’s company – well, that’s not a choice at all.

Isaac Gutman Says Learn From Commercial Real Estate Mega Deals

Isaac Gutman is one of the great, innovative business leaders and real estate entrepreneurs emerging out of New York City. Currently, he is CEO of Ryer Investments, a hyper-growth NYC development and real estate management firm headquartered in Angola with holdings throughout New York City, Brooklyn, and the Bronx. Isaac Gutman was named one of the real estate visionaries and development professionals in New York City. He is frequently quoted as an expert on construction planning and major capital investments in the media and is a recurring contributor for the Real Estate Daily Report. Isaac Gutman is an esteemed member of HGE, a highly selective community for entrepreneurs in the real estate sector that includes some of the most passionate and successful entrepreneurs across the globe.

Over the past ten years, there have been numerous mega-deals in commercial real estate: purchases totaling more than $100 million. In South Florida alone, the industry saw a dozen mega deals, including six in Miami-Dade County. Savvy real estate investors can see the value in these investments and are taking advantage of them moving forward.

1. The Hottest Cities in America

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Around America, some cities simply outperform others in terms of the number of mega-deals available in the area. These include:

  • The Dallas/Fort Worth area
  • Chicago
  • New York

In these areas, commercial real estate may not be readily available, but when it does go on the market, it has the potential to offer a substantial return on that investment. Many investors recognize the importance of investing in these key areas.

It’s important, however, not to rule out smaller areas. Many millennials are leaving big cities finding that they simply don’t have the funds to live in these big cities, even if they have the skills needed to jump into open jobs and fill talent gaps within their chosen industries. As a result, many people are shooting for a higher quality of life in smaller cities that offer the same opportunities—which means those mega deals are likely to be around for some time to come.

2. Warehouse and Industrial Properties Increase in Popularity

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Now, as never before, savvy investors are looking to warehouses and industrial properties. These properties have immense potential for the online shopping market: more customers than ever are shopping online, and they not only want their products at lower prices, they want them fast. Offering warehouses and industrial properties around the country makes it possible for many of those online shopping giants, including such big names as Amazon, Target, and Walmart, to reach their customers no matter where they live, allowing them to enhance their services to their customers and keep goods moving smoothly around the country.

The Twin Cities area, for example, saw record-breaking sales, both in terms of overall volume and the purchase price of a specific property, in 2019—and, in spite of economic challenges plaguing the beginning of 2020, the market seems set to continue to grow. The increasing number of customers turning to online ordering in light of the pandemic may actually fuel the growth of the triple net (NNN) industrial leasing industry further.

3. Shifting Home Ownership Trends

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Millennials have a unique perspective on homeownership. Many of them have little desire to “settle down” in a home that belongs to them. They’ve grown up through economic uncertainty—and in fact, many millennials have fewer financial opportunities and lower financial portfolios than previous generations. As a result, they’re choosing to live in rental properties longer.

In many cities, this decision is fueling strong demand for apartment complexes. Millennials, especially those who are waiting longer to start families, are often content to live in apartment complexes, especially those that offer the amenities they want most from their investments. As a result, they’re comfortable in those spaces—and apartment complexes make an excellent investment in many areas.

4. Changing Office Space Needs

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Many employers are revisiting their office spaces. Instead of offering employees more individual spaces, offices are looking into open spaces that encourage collaboration. Savvy investors, however, will consider how COVID-19 and the resulting social distancing measures may continue to impact this strategy for some time to come: many investors may find that an increasing number of offices shift to allowing remote work, which may change the design of the physical office substantially.

Changing the way investors offer spaces to office managers means remaining innovative and aware of the latest trends in the industry, even as things start to shift back to normal. Flexible working environments, including spaces where workers can rent office space, are likely to rise into higher demand as more offices offer remote work possibilities and employers look at a global workforce, not just a local one.

Savvy commercial real estate investors must stay on top of the latest trends in order to make the most of the opportunities available in front of them. In many cities, demand continues to rise—and how you respond to those needs can make a substantial impact on your financial portfolio.

Buying House in Italy as Investments: Short Term Rental Opportunities


An old saying goes, “You are as rich as you travel.” Many people, especially those passionate travelers, will attest to this. With each new journey, a person develops, expands his horizons by getting to know a new culture and peoples. Also, everyone needs to change the environment from time to time and relax, not thinking about every day’s work and routine.

People choose different destinations. While some enjoy touring the world’s famous metropolises, others find pleasure in touring rural areas or less developed countries. Nevertheless, this country meets the criteria of even the most discerning. Of course, this is about Italy. From world-famous ski resorts, through incredibly beautiful beaches, to Rome and Venice, this country will satisfy the senses of everyone who visits it. Italian cities exude art and amazing architecture. Also, Milan is known as one of the capitals of high fashion, so we don’t have to explain why women love this city and this country.

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What we can say with certainty is that this is a country where you will certainly not be bored. For the more romantic, there is Verona where the house of Julia is located. There is no person who hasn’t heard of Romeo and Juliet, and by coming to this place, you’ll feel like you’re at the center of the story itself. You can continue a romantic weekend with a loved one by gondola ride through Venice. For art lovers, Rome, but also other cities have a lot to offer, because that is where many museums and galleries are located. We have already mentioned many beaches you should visit. This country is also known for its wines, so it is inevitable to visit Tuscany. Italy offers you much more, but to experience it, you have to visit this country.

Many tourists opt for hotel accommodation, but very often this does not prove to be the best solution. Why? While hotels offer full service, accommodation, food, and room cleaning, sometimes lunch or dinner is just what can “spoil” your plans. We have already listed a few places that every tourist should visit when they come to this country. However, for all this to arrive, it may happen that you will not arrive for lunch at the hotel at the planned time. This will also lead to additional costs, as you will have to order elsewhere if you want to go outside where you are staying, or to go back to the hotel not to miss the dinner.

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For real travelers, eager to visit as much as possible, the right solution is to rent private accommodation. This will not hinder your adventures, and on the other hand, you will not have to worry about cleaning and changing the bedding. You can prepare your food, and when you are already in Italy, you should not miss Italian cuisine and try some of the specialties. Staying in a rented house will make the time spent here more beautiful, you will feel relaxed, like at home.

For those who are thinking of buying a house in Italy, this could be a reason that will prevail to do so. In addition to always having a place where you can go on vacation and enjoy with family and friends, this will also be a great source of income, because when you are not there, you can rent it. With this, you are constantly gaining.

Before you realize this idea, it is important to think about the target group, whether you want your guests to be more family people who will enjoy nature with their children or young people who would rather go crazy and enjoy the nightlife and city tours. This will help you to decide what location to choose.

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As for the conditions you must meet to buy a property and start this business, you can find out more by clicking on Here you can find answers about taxes and your responsibilities to the country and much other useful information for starting a business. What we can say is that you, as a host, will have to meet some conditions: you will have to provide a check-in service, prepare a contract for the guest to sign, provide a cleaning lady who will clean the house and change the bed linen, and issue a service bill rentals.

Such kind of business is required as a business activity, and in case you want to provide extra service, you are required to operate as a business, which allows you to provide extra services, writing off costs associated with the portal fee, and also allows you access to public grants and loans. All those who stay longer than 30 days are automatically considered permanent residents, and as long-term tenants, they meet the conditions for schooling, voting, health care, and zone parking, while temporary tenants – tourists, cannot ask any of these benefits. In that case, taxes and utilities are the responsibility of the landlord.

To characterize your house as a furnished holiday let, it has to be available to tourists and not to be rented to family and friends, or to the long-term tenants.

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Also, if you do not file your taxes, it will cost you 250 € – 1024 €. One more interesting thing is if you rented via an internet portal, you are not obliged to pay taxes, but you are wrong if you think you can cheat the system. Every time, after somebody rents a flat via the internet portal, it automatically sends a recap return to the tax office.

You are probably wondering if foreign nationals can buy property in Italy. The answer is yes, but only if there is an international agreement between Italy and the country of origin of the potential buyer. Also, if the foreigner is an EU citizen and the agreement that allows mutually requested activities between Italy and foreigner’s country exist, you can buy a property.

Study all the necessary information well, and combine the pleasant with the useful!