The document discusses rental apartment businesses and provides background information. It covers several topics related to rental businesses including objectives, competition, necessary factors for starting a rental business, and the significance and scope of studies on rental businesses. It also provides definitions of key terms and reviews related literature from both foreign and local sources. The literature discusses factors like investing in rent-stabilized apartments, finding a new rental apartment, landlord and tenant rights, and legal requirements for rental properties.
BARRIERS ENCOUNTERED BY APARTMENT RENTAL BUSINESS in manilaPhamay Nocillado
The document discusses rental apartment businesses and provides background information. It covers several topics related to rental businesses including objectives, competition, necessary factors for starting a rental business, and the importance of effective marketing and pricing strategies. It also discusses related literature on rental housing from foreign and local sources. Key points covered include factors that influence housing values, addressing the needs of an aging population through rental options, and the rights and responsibilities of landlords and tenants.
BARRIERS ENCOUNTERED BY APARTMENT RENTAL BUSINESS IN MANILAPhamay Nocillado
This document discusses barriers encountered by apartment rental businesses in Manila. It provides background on the rental business and significance of studying its challenges. The scope is confined to Manila and focuses on identifying business problems and strategies. Literature reviews domestic and foreign studies on renting apartments and related local laws. Key barriers mentioned include competition in location and properly pricing units while ensuring profitability. The study aims to help owners effectively manage rental businesses and inform consumers on renting benefits over buying.
Barriers encountered by apartment rental business in manilaPhamay Nocillado
This document discusses barriers encountered by apartment rental businesses in Manila. It provides background on the rental business and significance of studying its barriers. Key barriers include competition in the locale and needing to adapt to different market players. The scope is on identifying business problems and strategies for a rental management business in Manila. Foreign studies examined how lodging accommodated industrialization and urbanization in the 19th century US and Boston. Local studies discussed rental housing opening doors for low-income households and the rights and responsibilities of landlords and tenants.
This document discusses various approaches to investing in property, focusing on residential property investments. It outlines some of the key reasons why property investing has become popular, including the familiarity and comfort people have with property, and the ability to use leverage through mortgages. The document then examines different types of residential property investments including home ownership, which provides tax advantages but less liquidity, and buy-to-let properties, which generate rental income but involve management responsibilities. It analyzes some of the risks and benefits of each approach.
This document provides an overview of housing finance institutions in India. It discusses the National Housing Bank (NHB), which was established in 1987 as the principal agency to promote housing finance institutions. It also describes several major housing finance companies in India, including HDFC, LICHFL, and HUDCO, and outlines their objectives such as promoting home ownership, increasing funds to the housing sector, and providing long-term financing for housing construction. The document concludes by welcoming the reader and providing contact information for the author.
The document discusses how to draft a contract and outlines the basic elements that should be included. It notes that a contract generally contains a preamble identifying the parties and date, recitals describing the purpose and intentions, definitions clarifying any terms, and details of consideration, payment terms, scope of work, risk allocation, confidentiality, validity period, termination conditions, assignment rules, and miscellaneous boilerplate provisions. The goal is to reduce ambiguity and clearly outline the rights and obligations of the parties.
Legal, Ethical, and Contractual PowerpointSam Edgar
Legislation and codes of practice regulate the ethical and legal issues in the TV and film industry. Legislation covers areas like employment terms, health and safety, liability, and equal rights for employees. Without this legislation, the legal aspects of the industry would be difficult to control. Codes of practice also provide guidance on ethical conduct, though they are not legally binding. Producers must consider representation and intellectual property issues carefully to avoid legal action or reputational damage from negative portrayals.
BARRIERS ENCOUNTERED BY APARTMENT RENTAL BUSINESS in manilaPhamay Nocillado
The document discusses rental apartment businesses and provides background information. It covers several topics related to rental businesses including objectives, competition, necessary factors for starting a rental business, and the importance of effective marketing and pricing strategies. It also discusses related literature on rental housing from foreign and local sources. Key points covered include factors that influence housing values, addressing the needs of an aging population through rental options, and the rights and responsibilities of landlords and tenants.
BARRIERS ENCOUNTERED BY APARTMENT RENTAL BUSINESS IN MANILAPhamay Nocillado
This document discusses barriers encountered by apartment rental businesses in Manila. It provides background on the rental business and significance of studying its challenges. The scope is confined to Manila and focuses on identifying business problems and strategies. Literature reviews domestic and foreign studies on renting apartments and related local laws. Key barriers mentioned include competition in location and properly pricing units while ensuring profitability. The study aims to help owners effectively manage rental businesses and inform consumers on renting benefits over buying.
Barriers encountered by apartment rental business in manilaPhamay Nocillado
This document discusses barriers encountered by apartment rental businesses in Manila. It provides background on the rental business and significance of studying its barriers. Key barriers include competition in the locale and needing to adapt to different market players. The scope is on identifying business problems and strategies for a rental management business in Manila. Foreign studies examined how lodging accommodated industrialization and urbanization in the 19th century US and Boston. Local studies discussed rental housing opening doors for low-income households and the rights and responsibilities of landlords and tenants.
This document discusses various approaches to investing in property, focusing on residential property investments. It outlines some of the key reasons why property investing has become popular, including the familiarity and comfort people have with property, and the ability to use leverage through mortgages. The document then examines different types of residential property investments including home ownership, which provides tax advantages but less liquidity, and buy-to-let properties, which generate rental income but involve management responsibilities. It analyzes some of the risks and benefits of each approach.
This document provides an overview of housing finance institutions in India. It discusses the National Housing Bank (NHB), which was established in 1987 as the principal agency to promote housing finance institutions. It also describes several major housing finance companies in India, including HDFC, LICHFL, and HUDCO, and outlines their objectives such as promoting home ownership, increasing funds to the housing sector, and providing long-term financing for housing construction. The document concludes by welcoming the reader and providing contact information for the author.
The document discusses how to draft a contract and outlines the basic elements that should be included. It notes that a contract generally contains a preamble identifying the parties and date, recitals describing the purpose and intentions, definitions clarifying any terms, and details of consideration, payment terms, scope of work, risk allocation, confidentiality, validity period, termination conditions, assignment rules, and miscellaneous boilerplate provisions. The goal is to reduce ambiguity and clearly outline the rights and obligations of the parties.
Legal, Ethical, and Contractual PowerpointSam Edgar
Legislation and codes of practice regulate the ethical and legal issues in the TV and film industry. Legislation covers areas like employment terms, health and safety, liability, and equal rights for employees. Without this legislation, the legal aspects of the industry would be difficult to control. Codes of practice also provide guidance on ethical conduct, though they are not legally binding. Producers must consider representation and intellectual property issues carefully to avoid legal action or reputational damage from negative portrayals.
BARRIERS ENCOUNTERED BY APARTMENT RENTAL BUSINESS in manilaPhamay Nocillado
The document discusses barriers encountered by apartment rental businesses in Manila. It provides background information on rental businesses and how they generate profit. Key barriers identified include competition from other rental properties and ensuring the location of the property meets market demand. The document also outlines the significance of the study, which is to help rental business owners identify problems and strategies to improve management of rental properties.
The document discusses barriers encountered by apartment rental businesses in Manila. It provides background information on rental businesses and how they operate. The significance of studying rental businesses is discussed, as the results can benefit both business owners and consumers. The scope of the study focuses on identifying business problems and strategies within the apartment rental market in Manila. Key terms related to rental businesses, such as landlord, tenant, lease, and contract are also defined.
This document discusses barriers encountered by apartment rental businesses in Manila. It provides background on the rental business and significance of studying challenges faced. The scope is confined to Manila and focuses on identifying business problems and strategies. Literature reviews domestic and foreign studies on renting apartments and related local laws. Key points covered include factors affecting rent prices, rights of landlords and tenants, and types of rental housing. The document aims to understand barriers faced by rental businesses and responsibilities of owners and renters.
The document summarizes barriers encountered by apartment rental businesses in Manila. It discusses how rental businesses generate profit by helping consumers rent instead of buy. Key barriers include competition from other rental businesses and necessity of the property's location. Preparing rental properties for tenants by thoroughly cleaning and making repairs is important for establishing good landlord-tenant relationships and recurring business. Local rental laws must also be understood to avoid legal issues that could harm the business.
Barriers encountered by apartment rental business in manilaPhamay Nocillado
This document discusses barriers encountered by apartment rental businesses in Manila. It provides background on the rental business and significance of studying its barriers. Key barriers include competition in the locale and necessity of the area. The document also reviews related foreign and local literature on topics like population impacts on rental rates, investing in rent-stabilized apartments, finding a new rental, and landlord/tenant rights and responsibilities. The scope is confined to Manila and focuses on identifying business problems and strategies for rental management.
This document provides information to help readers choose an appropriate loan for a property investment. It discusses how the right loan can influence cash flow and returns. It then introduces Mortgage Choice, who can help investors understand their borrowing capacity and recommend suitable loan options. Key services mentioned are providing estimates of potential rental income and repayments to help narrow a property search.
Commercial and residential properties in uae.bayutproperty
Finding property is easy with BayutProperty, as it is the best property finder portal site in UAE. Here you can search, compare & buy both residential and commercial properties for sale and rent. Each of our properties have amenities that perfectly suits your needs like swimming pool, 24hr security, dedicated children's play areas, shopping malls and best hospitals.
The document discusses the real estate market in India. It notes that the Indian real estate market has seen significant growth in recent years and continues to boom, with development across residential, commercial, and retail sectors. Major real estate companies going public and large investments from both domestic and foreign investors indicate the potential of the Indian property market. The realestateonline.in website provides a platform for buyers, sellers, and dealers of residential and commercial properties across major Indian cities.
Important Factors to Consider Before Investing in Real EstateHarry Gamble
Real estate is one of the most popular investment options. On average, real estate investments have been recording appreciation in value for a long while, guaranteeing investors' profits over time. It is one of the most trusted means of investing and generating wealth. However, it takes a significant amount of capital to get started and cash flow to keep going.
One of the essential factors an investor should consider before investing is the type of real estate investment that fits their needs. They need to understand what they intend to accomplish with the property and their future intentions for it. Investors should try to understand the categories of real estate property to invest in their choice properly.
Noah george - specific advantages to investing in real estateNoahGeorge1
Noah George helps organizations find solutions that ensure employee success. Sharply skilled and fiercely dedicated, our integrated teams of consultants and brokers are experts in better real estate.
US real estate equity builder Kansas City (usreeb) also refers to producing, buying and selling real estate. Real estate affects the U.S. economy by being a critical driver of economic growth.
Executive Investments & Securities proposes a plan called "New Chances to New Homes" to stimulate the local economy by offering financial services that promote affordable housing. The plan aims to purchase foreclosed and short-sale properties at discounted prices and resell them through contract-for-deed agreements or 1-year lease-purchase options to help people who cannot get conventional mortgages buy homes. This would contribute to livability principles around affordable housing, economic competitiveness, and supporting existing communities. The proposal outlines marketing strategies and 5-year financial projections with the goal of providing sustainable homeownership opportunities.
Build to rent single family homes have arrived as an institutional investment grade asset. Wall Street has finally recognized that single family rental homes can be packaged to create a diversified portfolio that yields competitively with other similar alternative investments.
This document discusses key elements of an effective property management program for income-producing real estate. It outlines 10 important aspects of property management including proper tenant screening, understanding tenant business structure, ensuring tenants fit the property, managing operating costs, handling lease negotiations, maintenance programs, marketing and leasing, tenant retention, compliance with landlord-tenant laws, and adherence to building codes and fire safety regulations. Implementing a comprehensive property management program is important for ownership success, especially in tough economic times, as it can add value for both owners and tenants through increased retention.
How To Create Wealth With Real Estate Leveraging The Bank's Money.pdfRelaxMe1
In today's ever-changing financial landscape, finding lucrative avenues to generate wealth is a top priority for many individuals. Real estate has long been recognized as a reliable and potentially lucrative investment option.
Whether you're a seasoned investor or someone new to the world of real estate, understanding how to make money with this asset class can provide you with a solid foundation for financial success.
Essential Factors to Consider When Investing in Real EstateStuart Hansen
Real estate refers to any land or property that includes natural or manufactured improvements such as buildings, roads, trees, and utility systems. These improvements add to the quality of the property over time, increasing its market value. Therefore, real estate is a great investment option, as the increased property value ensures a lower amount of investment risk. However, IronStone Building Company, a subset of Drewlo holdings, provides buyers with exceptional properties at reasonable prices, and they maintain transparency throughout the acquisition process.
Real estate is an excellent way to earn extra income and diversify investment portfolios, but investors must consider fundamental aspects when investing in real estate. These factors determine what type of property best suits an investor's needs.
An essential factor to consider when investing in property is location. Proximity to amenities such as markets, highways, and transportation systems, plays a significant role in a property's valuation and tax. IronStone Communities offer plenty of recreational and leisure opportunities and are close to transportation routes, shops, diners, schools, and parks. Still, investors should assess the property's proximity to their place of work, schools for children, or their favorite recreational activities. They could also research how the area could develop in the nearest future and if those developments would still be within their needs. Investors also have to be aware of the area's rules to avoid penalties.
Another essential factor to consider is the investment purpose. Some investors buy property to provide shelter for themselves and their families. Others buy property for industrial purposes. Others buy property to lease out to other people and make money from rent, while others could buy to resell in the long term. It is essential to know the investor's plan for the property to know what type of property to purchase.
Getting the estimated value of a property is another important factor when investing in a property. Property valuation helps determine investment aspects such as taxation and insurance. There are three ways to specify it: comparing the recent sales of properties with similar characteristics, deducting the cost of depreciation from the cost of the land and construction, and the income approach where expected cash inflow for rental properties is measured. Ironclad Pricing, an exclusive IronStone feature, ensures investors get the best value for their new homes. Ironclad Pricing includes quality standard home upgrades and finishes upfront at their core prices at no extra cost.
Knowing how much an investor is willing to spend is another important factor in real estate investment. A budget narrows down available properties, and this works hand in hand with the investment purpose and property valuation. For instance, buying a property to resell might cost more, as the investor might have to renovate the property before selling again.
Nest Funding helps renters become homeowners by enabling them to co-own a property with investors. Renters can buy a small share of the property, such as 1%, and their rent payments go towards increasing their share over a 5-year period. Investors receive rental income and capital growth. This benefits both renters by helping them save for a deposit more easily, and investors through a stable and secure investment. Nest Funding is raising £10M to purchase 30 properties to pilot this model.
Saylor URL: http://www.saylor.org/books Saylor.org
207
Chapter 9 Buying a Home
Introduction
Be it ever so humble, the “biggest” purchase you ever make may be your home. Unlike
most other consumer purchases, a home is expected to be more than a living space; it is
also an asset that stores and increases value. The house has a dual financial role as both
a nest and a nest egg.
There are substantial annual operating expenses for repairs and maintenance,
insurance, and taxes. Maintenance preserves a home’s value, insurance protects that
value, and taxes for community services both enhance and secure its value.
A home purchase is typically financed with debt that creates a significant monthly
expense, the mortgage payment, in your budget. A mortgage is a long-term debt that
obligates your cash flows for a long time, perhaps even reducing your choices of careers
and your mobility.
Your choice of home reflects personal factors in your life. These factors include your
personal tastes, your age and stage of life, your family size and circumstances, your
health, and your career choices. These factors are reflected in your decision to own a
home, as well as in the location, size, and use of your home.
9.1 Identify the Product and the Market
LEARNING OBJECTIVES
1. Describe the different building structures for residential dwellings.
2. Describe the different ownership structures for residential dwellings.
3. Identify the factors used by lenders to evaluate borrowers for mortgage credit.
4. Identify the components of the mortgage affordability calculation and calculate estimated
mortgage affordability.
5. Identify the components of a buyer’s inspection checklist.
6. Explain the potential effects of business cycles, unemployment, and inflation on the housing
market.
7. Analyze the effects of the demand for housing financing on the housing market.
http://creativecommons.org/licenses/by-nc-sa/3.0/
http://www.saylor.org/books
Saylor URL: http://www.saylor.org/books Saylor.org
208
Renting a Home
If you have already decided on a goal of home ownership, you have already compared
the costs and benefits of the alternative, which is renting. Renting requires relatively few
initial legal or financial commitments. The renter signs a lease that spells out the terms
of the rental agreement: term, rent, terms of payments and fees, restrictions such as pets
or smoking, and charges for damages. A renter is usually required to give the landlord a
security deposit to cover the landlord’s costs of repairs or cleaning, as necessary, when
the tenant moves out. If the deposit is not used, it is returned to the departing tenant
(although without any interest earned).
Some general advantages and disadvantages of renting and owning are shown in Figure
9.2 "Renting versus Owning".
Figure 9.2 Renting versus Owning
The choice of whether to rent or to own follows the pattern of life stages. People rent
early i.
Financial performance management of a retail property requires tracking key benchmarks to optimize the property's performance for landlords and tenants. These benchmarks include tenants' trade numbers, property outgoings, regional rental trends, vacancy rates, and changes in the local demographics. Careful monitoring of these financial factors can help identify issues early and ensure the property stays competitive through appropriate strategic decisions around tenant mix, outgoings, refurbishment, and rent levels.
The document describes the research methodology used in a study analyzing barriers encountered by apartment rental businesses in Manila. It will use a descriptive research design and distribute questionnaires to apartment rental business owners. The data collected will be statistically analyzed using techniques like frequency, percentage, chi-square, ranking, and weighted mean to identify relationships between variables and determine the most significant barriers.
barriers encountered by apartment rental businessPhamay Nocillado
The document discusses rental apartment businesses and provides background information. It covers several topics related to rental businesses including objectives, competition, necessary factors for starting a rental business, and the significance and scope of studies on rental businesses. It also provides definitions of key terms and reviews related literature from both foreign and local sources. The literature discusses factors like investing in rent-stabilized apartments, finding a new rental apartment, landlord and tenant rights, and legal requirements for rental properties.
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The document discusses barriers encountered by apartment rental businesses in Manila. It provides background information on rental businesses and how they generate profit. Key barriers identified include competition from other rental properties and ensuring the location of the property meets market demand. The document also outlines the significance of the study, which is to help rental business owners identify problems and strategies to improve management of rental properties.
The document discusses barriers encountered by apartment rental businesses in Manila. It provides background information on rental businesses and how they operate. The significance of studying rental businesses is discussed, as the results can benefit both business owners and consumers. The scope of the study focuses on identifying business problems and strategies within the apartment rental market in Manila. Key terms related to rental businesses, such as landlord, tenant, lease, and contract are also defined.
This document discusses barriers encountered by apartment rental businesses in Manila. It provides background on the rental business and significance of studying challenges faced. The scope is confined to Manila and focuses on identifying business problems and strategies. Literature reviews domestic and foreign studies on renting apartments and related local laws. Key points covered include factors affecting rent prices, rights of landlords and tenants, and types of rental housing. The document aims to understand barriers faced by rental businesses and responsibilities of owners and renters.
The document summarizes barriers encountered by apartment rental businesses in Manila. It discusses how rental businesses generate profit by helping consumers rent instead of buy. Key barriers include competition from other rental businesses and necessity of the property's location. Preparing rental properties for tenants by thoroughly cleaning and making repairs is important for establishing good landlord-tenant relationships and recurring business. Local rental laws must also be understood to avoid legal issues that could harm the business.
Barriers encountered by apartment rental business in manilaPhamay Nocillado
This document discusses barriers encountered by apartment rental businesses in Manila. It provides background on the rental business and significance of studying its barriers. Key barriers include competition in the locale and necessity of the area. The document also reviews related foreign and local literature on topics like population impacts on rental rates, investing in rent-stabilized apartments, finding a new rental, and landlord/tenant rights and responsibilities. The scope is confined to Manila and focuses on identifying business problems and strategies for rental management.
This document provides information to help readers choose an appropriate loan for a property investment. It discusses how the right loan can influence cash flow and returns. It then introduces Mortgage Choice, who can help investors understand their borrowing capacity and recommend suitable loan options. Key services mentioned are providing estimates of potential rental income and repayments to help narrow a property search.
Commercial and residential properties in uae.bayutproperty
Finding property is easy with BayutProperty, as it is the best property finder portal site in UAE. Here you can search, compare & buy both residential and commercial properties for sale and rent. Each of our properties have amenities that perfectly suits your needs like swimming pool, 24hr security, dedicated children's play areas, shopping malls and best hospitals.
The document discusses the real estate market in India. It notes that the Indian real estate market has seen significant growth in recent years and continues to boom, with development across residential, commercial, and retail sectors. Major real estate companies going public and large investments from both domestic and foreign investors indicate the potential of the Indian property market. The realestateonline.in website provides a platform for buyers, sellers, and dealers of residential and commercial properties across major Indian cities.
Important Factors to Consider Before Investing in Real EstateHarry Gamble
Real estate is one of the most popular investment options. On average, real estate investments have been recording appreciation in value for a long while, guaranteeing investors' profits over time. It is one of the most trusted means of investing and generating wealth. However, it takes a significant amount of capital to get started and cash flow to keep going.
One of the essential factors an investor should consider before investing is the type of real estate investment that fits their needs. They need to understand what they intend to accomplish with the property and their future intentions for it. Investors should try to understand the categories of real estate property to invest in their choice properly.
Noah george - specific advantages to investing in real estateNoahGeorge1
Noah George helps organizations find solutions that ensure employee success. Sharply skilled and fiercely dedicated, our integrated teams of consultants and brokers are experts in better real estate.
US real estate equity builder Kansas City (usreeb) also refers to producing, buying and selling real estate. Real estate affects the U.S. economy by being a critical driver of economic growth.
Executive Investments & Securities proposes a plan called "New Chances to New Homes" to stimulate the local economy by offering financial services that promote affordable housing. The plan aims to purchase foreclosed and short-sale properties at discounted prices and resell them through contract-for-deed agreements or 1-year lease-purchase options to help people who cannot get conventional mortgages buy homes. This would contribute to livability principles around affordable housing, economic competitiveness, and supporting existing communities. The proposal outlines marketing strategies and 5-year financial projections with the goal of providing sustainable homeownership opportunities.
Build to rent single family homes have arrived as an institutional investment grade asset. Wall Street has finally recognized that single family rental homes can be packaged to create a diversified portfolio that yields competitively with other similar alternative investments.
This document discusses key elements of an effective property management program for income-producing real estate. It outlines 10 important aspects of property management including proper tenant screening, understanding tenant business structure, ensuring tenants fit the property, managing operating costs, handling lease negotiations, maintenance programs, marketing and leasing, tenant retention, compliance with landlord-tenant laws, and adherence to building codes and fire safety regulations. Implementing a comprehensive property management program is important for ownership success, especially in tough economic times, as it can add value for both owners and tenants through increased retention.
How To Create Wealth With Real Estate Leveraging The Bank's Money.pdfRelaxMe1
In today's ever-changing financial landscape, finding lucrative avenues to generate wealth is a top priority for many individuals. Real estate has long been recognized as a reliable and potentially lucrative investment option.
Whether you're a seasoned investor or someone new to the world of real estate, understanding how to make money with this asset class can provide you with a solid foundation for financial success.
Essential Factors to Consider When Investing in Real EstateStuart Hansen
Real estate refers to any land or property that includes natural or manufactured improvements such as buildings, roads, trees, and utility systems. These improvements add to the quality of the property over time, increasing its market value. Therefore, real estate is a great investment option, as the increased property value ensures a lower amount of investment risk. However, IronStone Building Company, a subset of Drewlo holdings, provides buyers with exceptional properties at reasonable prices, and they maintain transparency throughout the acquisition process.
Real estate is an excellent way to earn extra income and diversify investment portfolios, but investors must consider fundamental aspects when investing in real estate. These factors determine what type of property best suits an investor's needs.
An essential factor to consider when investing in property is location. Proximity to amenities such as markets, highways, and transportation systems, plays a significant role in a property's valuation and tax. IronStone Communities offer plenty of recreational and leisure opportunities and are close to transportation routes, shops, diners, schools, and parks. Still, investors should assess the property's proximity to their place of work, schools for children, or their favorite recreational activities. They could also research how the area could develop in the nearest future and if those developments would still be within their needs. Investors also have to be aware of the area's rules to avoid penalties.
Another essential factor to consider is the investment purpose. Some investors buy property to provide shelter for themselves and their families. Others buy property for industrial purposes. Others buy property to lease out to other people and make money from rent, while others could buy to resell in the long term. It is essential to know the investor's plan for the property to know what type of property to purchase.
Getting the estimated value of a property is another important factor when investing in a property. Property valuation helps determine investment aspects such as taxation and insurance. There are three ways to specify it: comparing the recent sales of properties with similar characteristics, deducting the cost of depreciation from the cost of the land and construction, and the income approach where expected cash inflow for rental properties is measured. Ironclad Pricing, an exclusive IronStone feature, ensures investors get the best value for their new homes. Ironclad Pricing includes quality standard home upgrades and finishes upfront at their core prices at no extra cost.
Knowing how much an investor is willing to spend is another important factor in real estate investment. A budget narrows down available properties, and this works hand in hand with the investment purpose and property valuation. For instance, buying a property to resell might cost more, as the investor might have to renovate the property before selling again.
Nest Funding helps renters become homeowners by enabling them to co-own a property with investors. Renters can buy a small share of the property, such as 1%, and their rent payments go towards increasing their share over a 5-year period. Investors receive rental income and capital growth. This benefits both renters by helping them save for a deposit more easily, and investors through a stable and secure investment. Nest Funding is raising £10M to purchase 30 properties to pilot this model.
Saylor URL: http://www.saylor.org/books Saylor.org
207
Chapter 9 Buying a Home
Introduction
Be it ever so humble, the “biggest” purchase you ever make may be your home. Unlike
most other consumer purchases, a home is expected to be more than a living space; it is
also an asset that stores and increases value. The house has a dual financial role as both
a nest and a nest egg.
There are substantial annual operating expenses for repairs and maintenance,
insurance, and taxes. Maintenance preserves a home’s value, insurance protects that
value, and taxes for community services both enhance and secure its value.
A home purchase is typically financed with debt that creates a significant monthly
expense, the mortgage payment, in your budget. A mortgage is a long-term debt that
obligates your cash flows for a long time, perhaps even reducing your choices of careers
and your mobility.
Your choice of home reflects personal factors in your life. These factors include your
personal tastes, your age and stage of life, your family size and circumstances, your
health, and your career choices. These factors are reflected in your decision to own a
home, as well as in the location, size, and use of your home.
9.1 Identify the Product and the Market
LEARNING OBJECTIVES
1. Describe the different building structures for residential dwellings.
2. Describe the different ownership structures for residential dwellings.
3. Identify the factors used by lenders to evaluate borrowers for mortgage credit.
4. Identify the components of the mortgage affordability calculation and calculate estimated
mortgage affordability.
5. Identify the components of a buyer’s inspection checklist.
6. Explain the potential effects of business cycles, unemployment, and inflation on the housing
market.
7. Analyze the effects of the demand for housing financing on the housing market.
http://creativecommons.org/licenses/by-nc-sa/3.0/
http://www.saylor.org/books
Saylor URL: http://www.saylor.org/books Saylor.org
208
Renting a Home
If you have already decided on a goal of home ownership, you have already compared
the costs and benefits of the alternative, which is renting. Renting requires relatively few
initial legal or financial commitments. The renter signs a lease that spells out the terms
of the rental agreement: term, rent, terms of payments and fees, restrictions such as pets
or smoking, and charges for damages. A renter is usually required to give the landlord a
security deposit to cover the landlord’s costs of repairs or cleaning, as necessary, when
the tenant moves out. If the deposit is not used, it is returned to the departing tenant
(although without any interest earned).
Some general advantages and disadvantages of renting and owning are shown in Figure
9.2 "Renting versus Owning".
Figure 9.2 Renting versus Owning
The choice of whether to rent or to own follows the pattern of life stages. People rent
early i.
Financial performance management of a retail property requires tracking key benchmarks to optimize the property's performance for landlords and tenants. These benchmarks include tenants' trade numbers, property outgoings, regional rental trends, vacancy rates, and changes in the local demographics. Careful monitoring of these financial factors can help identify issues early and ensure the property stays competitive through appropriate strategic decisions around tenant mix, outgoings, refurbishment, and rent levels.
Similar to barriers encountered by apartment rental business (20)
The document describes the research methodology used in a study analyzing barriers encountered by apartment rental businesses in Manila. It will use a descriptive research design and distribute questionnaires to apartment rental business owners. The data collected will be statistically analyzed using techniques like frequency, percentage, chi-square, ranking, and weighted mean to identify relationships between variables and determine the most significant barriers.
barriers encountered by apartment rental businessPhamay Nocillado
The document discusses rental apartment businesses and provides background information. It covers several topics related to rental businesses including objectives, competition, necessary factors for starting a rental business, and the significance and scope of studies on rental businesses. It also provides definitions of key terms and reviews related literature from both foreign and local sources. The literature discusses factors like investing in rent-stabilized apartments, finding a new rental apartment, landlord and tenant rights, and legal requirements for rental properties.
BARRIERS ENCOUNTERED BY APARTMENT RENTAL BUSINESS in manilaPhamay Nocillado
The document discusses rental apartment businesses and the key considerations for starting one. It covers the objectives of rental businesses, factors that influence profitability like location and amenities, and the importance of an effective business and marketing plan. It also examines the local competition and regulations that must be considered. Setting competitive pricing and understanding tenants' rights and landlords' responsibilities are highlighted as important aspects of managing a successful rental property business.
BARRIERS ENCOUNTERED BY APARTMENT RENTAL BUSINESS in manilaPhamay Nocillado
The document discusses rental apartment businesses and provides background information. It covers several topics related to rental businesses including objectives, competition, necessary factors for starting a rental business, and the importance of effective marketing and pricing strategies. It also discusses related literature on rental housing from foreign and local sources and defines important terms related to landlord-tenant relationships and rental contracts.
The document discusses rental apartment businesses and provides background information. It covers several topics related to rental businesses including objectives, competition, necessary factors for starting a rental business, and the significance and scope of studies on rental businesses. It also provides definitions of key terms and reviews related literature from both foreign and local sources. The literature discusses factors like investing in rent-stabilized apartments, finding a new rental apartment, landlord and tenant rights, and legal requirements for rental properties.
The document discusses rental apartment businesses and provides background information. It covers several topics related to rental businesses including objectives, competition, necessary factors for starting a rental business, and the significance and scope of studies on rental businesses. It also provides definitions of key terms and reviews related literature from both foreign and local sources. The literature discusses factors like investing in rent-stabilized apartments, finding a new rental apartment, landlord and tenant rights, and legal requirements for rental properties.
The document discusses rental apartment businesses and provides background information. It covers several topics related to rental businesses including objectives, competition, necessary factors for starting a rental business, and the significance and scope of studies on rental businesses. It also provides definitions of key terms and reviews related literature from both foreign and local sources. The literature discusses factors like investing in rent-stabilized apartments, finding a new rental apartment, landlord and tenant rights, and legal requirements for rental properties.
The document discusses rental apartment businesses and provides background information. It covers several topics related to rental businesses including objectives, competition, necessary factors for starting a rental business, and the significance and scope of studies on rental businesses. It also provides definitions of key terms and reviews related literature from both foreign and local sources. The literature discusses factors like investing in rent-stabilized apartments, finding a new rental apartment, landlord and tenant rights, and legal requirements for rental properties.
BARRIERS ENCOUNTERED BY APARTMENT RENTAL BUSINESS in manilaPhamay Nocillado
The document discusses rental apartment businesses and provides background information. It covers several topics related to rental businesses including objectives, competition, necessary factors for starting a rental business, and the significance and scope of studies on rental businesses. It also provides definitions of key terms and discusses related literature from local and foreign sources.
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3. BACKGROUND OF STUDY
The rental apartment business itself continues to adapt
and re-shape as different players enter the market and
national boundaries become less significant. Rental business
have long been a popular moneymaker.
The objective of rental business is to help the consumers
by renting instead of buying in times of financial hardship
Paying rent to the owner of the property may help it gain an
high profit to become the business successful. Aside from
creating an effective business plan owners should also make a
marketing plan. This kind of business can generate more profit
because more people seek the rental services instead of
buying.
4. The key point in opening a rental house business is the
competition and necessity of the locale. The foundations of the
apartment rental business comes in two forms, one apartment
building is refitted to become separate apartments for rent.
Two, an apartment building is raised on an empty block of land.
Renting an apartment or a house is one of the profitable business
these departmentalize and house owners are looking for real state
agents who can manage their property for them. You can start
making money by renting your own or managing others house and
apartments. Rent depends on the upon many factors like location
,dimension, and amenities.
Competitively, pricing the apartment is a great selling point, but
since this is a business venture, there must be some income ranking.
5. SIGNIFICANCE OF STUDIES
The study will have a small profit and its benefits. The study
can also be used as reference to the owners and anyone interested
rental business. The study will enable to owners more effectively in
rental business and to the consumers to know the possible reasons
why renting its important instead of money. The study was
anticipated to contribute additional information to serve the following
rental business owners and individuals. This will be an effective tool
for the consumers who would intend to rent and to the owners
particularly in rental business. The study will help the owners to know
what are the problems and barriers that a rental business
encountered. The study focuses on identifying the business
problems and strategy and how strategy can used a rental
management.
6. SCOPE AND LIMITATION
The scope of the study was confined mainly in the manila. The
study focused its attention on the barriers encountered of the
apartment rental business and its function. The study aims to know
what ate the barriers that being encountered of an apartment rental
business. Too study also the responsibilities of the owners and the
renters right.
7. Definition of terms
RENTAL BUSINESS
-it can be operated at home or in a commercial space.
BARRIERS
-the factor that serves a barricade.
TENANT
-it is the one who rent the property of the landlord.
LANDLORD
-the person who owns the property and the one who managed the
apartment.
CONTRACT
-the agreement that specify the terms of rentals.
LEASE
-this is the rental agreement for real state
8.
9. RELATED LITERATURE
According to Real State JOURNAL Research (2009) Amendments
to the fair lending act have exempted an age restriction on ownership
from fair housing prohibitions. This paper studies the economic impact
of such ownership restriction on housing values. Using American
Housing Survey data, we find that there is a significant premium
attached to the restrictive covenant when other factors are controlled
.In particular, we find that imposing age restriction on ownership
increases the housing values by anywhere from 10.5% to 12.7%. At the
average house value, this is equivalent to a dollar amount between
$14,642 and $17,399.The estimates are to bust to different specifications
in hedonic equations.
The aging population has been recognized as one of the most
profound demographic changes in the United States. For instances,
census 2000 found that demographic changes in the United States.
10. The shift is owned to fact that ,in the 1990,the nation largest
population cohorts-representing baby boomers born between 1945
and 1965 transitioned into the 35 and over age category. Over the
ten year period ,the 5054 age group (WHO WERE 55-59 in
2005)experienced the largest percentage growth in population- 55%
or 6.2 million people. This trend will continue for the same reason, as
well as the persistent low fertility rate and growing longevity. The
aging of America has important implications for the housing and
mortgage industries for a number of reasons .To address housing
needs for aged Americans, the fair housing act has exempted from
its familial status provisions properties that satisfy the Acts 55-and
older housing condition under the 1998 amendment and subsequent
changes made under the Housing for older persons Act ,a 1995
amendment.
11. The Act essentially made it legal to impose age restrictive
covenants on a property and permissibly discriminate against non-
aged households. Most of these properties are located in traditional
retirement magnets. Census 2000found that suburbs with the fastest
growth in persons aged 55 and over are located predominantly in
New Sunbelt metros while suburbs with the largest proportions of
these individuals are located in Rustbelt metros.
12. FOREIGN LITERATURE
This chapter presentation of literature and studies on
renting an apartment which the researches reviewed to
provide a clearer view of the problem researches on the
relevant writings in the different country.
According to COOK(2009)investing in rent stabilized
apartments present good opportunity to invest cash flowing
apartments buildings with upside potential.
Several states enacted legislation over the past 50+years
to stabilize rents in the multifamily investment space. These
rent stabilized apartments typically rent for significantly less
than market rates and required owners to follow a set of
guidelines around raising rents and apartments maintenance.
13. Before investing in a rent stabilized or rent controlled building
,an investor should do specific research around how much rent can
be charged and when and how units can be de-stabilized or de-
controlled .Investors should consider when investing in rent
stabilized apartment buildings.
First ,consider the basic cash flow strategy. Simply holding the
properties guarantees an investor a set amount of cash flow every
month. Additionally, the set rent increase allow for an investor to
benefit despite changes in the market rate rent.
According to WASHL(2009)finding and moving to new
apartment can be stressful process. Fortunately ,some advance
planning can help make rental housing choices easier. Renters
searching for a new apartment should first decide on what they are
looking for. When looking for an apartment it is important to
remember that amenities like swimming pools, exercise rooms and
dishwasher are luxuries that can drive up the prices of an apartment.
Every renter wants to save much money possible on their rental
accommodation.
14. Before investing in a rent stabilized or rent controlled building
,an investor should do specific research around how much rent can
be charged and when and how units can be de-stabilized or de-
controlled .Investors should consider when investing in rent
stabilized apartment buildings.
First, consider the basic cash flow strategy. Simply holding the
properties guarantees an investor a set amount of cash flow every
month. Additionally, the set rent increase allow for an investor to
benefit despite changes in the market rate rent.
According to WASHL(2009)finding and moving to new
apartment can be stressful process. Fortunately, some advance
planning can help make rental housing choices easier. Renters
searching for a new apartment shoul first decide on what they are
looking for. When looking for an apartment it is important to
remember that amenities like swimming pools, exercise rooms and
dishwasher are luxuries that can drive up the prices of an apartment.
Every renter wants to save much money possible on their rental
accommodation.
15. A landlord has aright to a expect a tenant to keep the
apartment clean and in good repair, and to leave it in the same
condition in which they moved in. The landlord can also expect a
tenant to notify him of any damage to the apartment. The landlord
has the right to expect that the rent upon be paid in full and on time.
The landlord has the right to name price, but cannot change the
amount of rent during the term of the lease. The tenant has the right
to expect that the procedures for paying rent be clear, and that any
changes in the policies be announced clearly and with enough notice
to comply.
16. LOCAL LITERATURE
This chapter is a presentation of literature and studies on
renting an apartment which the researchers reviewed to provide a
clearer view of the problem researches on relevant writing and
studies in the Philippines to obtain wider view on the concept
regarding the study.
There are several types of rental housing. Rental housing
varies type, size construction quality, ownership, rents, kinds if
contracts and profitability. Rental has become a source of income for
low-income households. Low income owner households providing
rental accommodation to low income a tenant has become a trend.
This has provided owners additional income to invest on housing.
Low income tenants often live the same structure as their landlords.
if you are thinking of giving home as an apartment rental there
are many things you need to do prepare it for the tenant. First, you
should the feeling of becoming a landlord. Hence, you should have
skills pertaining to management of rental properties NYC and skills
for proper fulfillment of tenant demands.
17. LOCAL LAWS
As a prospective landlord ,you should be familiar with local
regulations and laws pertaining to apartment rental .Since NYC laws
are very stringent ,if you do not adhere to such regulations ,you could
be charged with legal actions. This can eventually result in
tremendous amount of loss for your NYC apartment rental business.
Depending on, which area your apartment is in whether it is in Sotho
or Lower East Side or any NYC area ,make sure you know the local
regulations on apartment rentals beforehand.
WHY PREPARING HOUSE ESSENTIAL
One of the primary aspects ,which impact the success or failure
of any apartment rental business is the house itself. This is why any
house ,which is to be ranted out should be prepared thoroughly in
advance. The other reason why preparing the home beforehand is
essential is because it establishes the good relationships between
the tenant and the landlord.
18. RECURRING BUSINESS
When your tenants are happy with the overall functionality and
quality of the apartment rental ,when they move out ,they are very
likely to give a positive feedback about the apartment to other
prospective tenants. In this manner ,you can expect your apartment
rental business NYC to grow and expand in the future.
CLEANLINESS
The first most important aspect of preparing a home for
apartment rental is to give it a thorough cleaning. This essential
not only for the items and spaces ,which can be seen but also for
areas such as the attic, cabinets ,basement etc.
19. FOREIGN STUDIES
In the study published in the journal of marriage and the family
,John Model and Tamara Hareven assessed the nineteenth century
heyday of lodging in both domestic and commercial establishment,
nothing that “these two categories (from the point of view of the
loger) essentially competed within a single market.” Modell and
Hareven found that the ninety century prevalence of rooming and
boarding can be associated with rapid industrialization, urbanization
and population growth couple with increases in the number of
manufactory employees of young unmarried, working men and
women in the cities and of foreign-born urban residents- though the
authors stressed that lodging was far more characteristic of American
and migrant cultures than of foreign cultures, who generally turned to
lodging only as an expedient. Modell and Hareven proposed that
“industrializing, rapidly society,” rooming and boarding “was so
widespread as to be reasonably considered indispensable.”
20. According to REAL STATE JOURNAL RESEARCH (2009)
Amendments to the Fair Lending Act have exempted an age
restriction on ownership from fair housing prohibitions. This paper
studies the economic impact of such ownership restriction on
housing values. Using American Housing Survey data, we find that
there is a significant premium attached to the restrictive covenant
when other factors are controlled. In particular, we find that imposing
age restriction on ownership increases the housing values by
anywhere from 10.5% to 12.7%. At the average house value, this is
equivalent to a dollar amount between $14,642 and $17,399. The
estimates are robust to different specifications in hedonic equations.
21. STATEMENT OF THE PROBLEM
This study aimed determine what are the barriers and problems
that are been encountered by the rental business and what are the
things to be consider and preparations need before you own a rental
property.
22. GENERAL PROBLEM
The researchers study the problems that been encountered by
the rental business. This study anticipated to contribute additional
information to the individuals and business taking rental business.
23. SPECIFIC PROBLEM
What is the demographic profile of the respondents in terms of
the following variables?
1.0 name
2.0 gender
3.0 status
4.0 estimated monthly income
5.0 financial support
24. BARRIERS ENCOUNTERED IN APARTMENT RENTAL
BUSINESS IN MANILA
BARRIERS ENCOUTERED BY THE APARTMENT RENTAL BUSINESS
RESPONDENT PROFILE
NAME:
AGE: [ ]30 below [ ]31-50 [ ]50above
GENDER:
CIVIL STATUS: single married
NO.OF DEPENDENT CHILDREN:
[ ] 1-3 [ ]4-6 [ ]6more
EDUCATIONAL BACKGROUND: [ ] college graduate
[ ]high school graduate
[ ] post graduate
25. MONTHLY INCOME: [ ] 7,000below
[ ] 7,001-15,000
[ ] 15,000-abovE
IN GENERAL, HOW WOULD YOU RATE THE APARTMENT
RENTAL BUSINESS AS ONE OF THE GAINING MORE
BUSINESS PROFIT
________VERY POOR
________POOR
________SATISFACTORY
________VERY SATISFACTORY
26. CONCEPTUAL FRAMEWORK
PROCESS
-SURVEY
-OBSERVATION
-UNSTRUCTED INTERVIEW
OUTPUT
-TO KNOW MORE INFORMATION ABOUT THE RENTAL BUSINESS
-TO SOLVE THE BARRIERS THAT BEE NENCOUNTERED BY THE APARTMENT RENTAL BUSINESS
-ADVANCING ACTIVITIES
PROFILE
-AGE
-GENDER
-BACKGROUND STUDY
-STATUS
-ESTIMATED MONTHLY INCOME
-NO.OF DEPENDENT CHILDREN
28. INTRODUCTION
Research Method is the procedure of careful investigation
employing an instrument to gather information for building thesis of
knowledge which provides answer to problem. This research will
encounter necessary methods and techniques in order to collect data
to be used in the study. This will undergo research design,
respondents of the study ,instruments ,procedure in data gathering
and statistical treatment of data.
3.1 RESEARCH DESIGN
The descriptive research has been used in the study. This was
deemed appropriate because the research attempted to analyze
what are the barriers encountered by the rental business in Manila.
3.2 POPULATION AND SAMPLING TECHNIQUE
29. 3.3 RESPONDENTS OF THE STUDY
The researchers will able to gather information from people who
owned an apartment rental business, believing that they have the
greater knowledge of the study. The respondents were the
individuals taking rental business.
3.4 INSTRUMENTS USED
The researchers will going to used questionnaires as its major
instruments for data gathering which is commonly used in studies.
The content of the questionnaires were made to gather more
information on the study.
30. STATISTICAL TREATMENT OF DATA
The data that will be gather from the respondents were
statistically be tabulated ,will analyzed and were going to be
presented on tables embodied in the study. The researcher will
applied the following statistical treatment of data for the solution to
the problem.
FREQUENCY- these tools facilitate the tallying and counting of
frequencies based on each item or category.
PERCENTAGE- used to qualify the actual response given by the
respondents regarding the questionnaire. This will be computed by
dividing the number of responses by the number of respondents and
the quotient will multiplied by one hundred.
31. Percentage Formula
%=f/nx100
Where:
%=percentage
F=frequency
n=total number of respondents
2.CHI SQUARE
CHI SQUARE- a statistical calculation used to test how well the
distribution of a set of observed data matches a theoretical
probability distribution. The calculated value is equal to the sum of
the squares of the differences divided by the expected values.
WHERE:
= =Chi square
Fo=observed frequency
Fe=expected frequency
This is the formula for chi square:
==
32. The computation for the degree of freedom is necessary in
order to obtain the critical value (P). The formula is:
df= (r-1)(k-1)
Where:r = number of rows
k = number of columns
df = degree of freedom
Hypothesis
Ho = there is no significant variation between the obtain/actual and
expected frequencies
Ha = There is a significant variation between the obtain/actual and
expected frequencies
Where:
Ho = Stands for Null Hypothesis
Ha = Stands for Alternative Hypothesis
33. 3.WEIGHTED MEAN
Another statistical technique used by the researchers was the
weighted mean. It was used to determine the averages responses of
the different options provided in the various parts of the survey
questionnaire used. The method is used in conjunctions with the
likert scale. It was solved by the formula
X=∑ fx/n
where;
X= weighted mean
∑ fx/n= the sum of all the products of f and x ,being frequency of
each weight of each operation
N= total number of respondents
4.RANKING
This is a descriptive measure to describe numerical data in
addition to percentage. Ranking was used in the study for the
comparative purpose and for shrink the importance of items
analyzed.