Real Estate Management Fees

The property investor has decided to hire a management company to take care of their many properties. They interview several before making a decision on the company they will hire. There are many things they will be comparing, among them the real estate management fee the company charges. The investor needs to determine whether they want to pay a monthly percentage or a flat fee for the managers services.

Investors should look at more than the monthly fee they will be paying. Sometimes for a higher percentage you will receive more services. The cheaper rate of some managers does not include the extra fees charged. Find out if the advertising is included in the normal fee. Will they be charging each time they show the property to a potential client? Are their leasing fees on top of the management fees? The investor should read each companies contract to determine what is included in their real estate management fee.

A real estate management fee is charged based on a percentage of income collected with a minimum monthly base fee. Fees will often vary by the type and size of the property. Fees can be a flat rate for a single family home or 6 percent of the rental income for larger properties. Larger properties typically command a lower percentage rate (ie, 2 percent) than a single family home that may be quoted up to10 percent. Fees are negotiated on a per property basis and depend on many factors including condition, location and size of the property, etc. Leasing and other auxiliary service fees are separate and in addition to the management fee.

The investor should ask what services cost extra. They should determine if evictions are an extra fee. The contract should state how and when the fee is collected. Will the investor be billed or is it deducted from your account? On a monthly or quarterly basis? Is there a cost to prep the units for rent? And what is the typical cleaning fee on vacancies?

A management company fulfills many services for the investor. The company takes care of the daily activities of renting the property, collecting rents, accounting and monthly statements, hire contractors for services such as cleaning, groundskeepers and maintenance work as well as supervise any work. The real estate management fee the investor pays provides them with peace of mind.

The investor has interviewed several companies and found the fees are close in range with a few exceptions. They decide to further investigate each companys contract and references. By comparing all the services and getting good referrals, the investor can make an informed choice.

Interviewing the management company to determine the real estate management fee that charge is the first step to hiring a reliable company. The final cost the investor will pay the management company is determined by many things as well as the monthly fee. How well the company communicates with the investor and tenants, how they handle problems, their attention to detail in the leasing process and their ability to maintain the property in good condition all determine the investors final costs on each property.

Hiring a good management company helps the investor rent his property faster and provide preventive maintenance before problems become major repairs and expenses. The investor should look at more than the initial monthly fees when determining how much it will actually cost them if they go with the cheapest company.

6 Key Elements of a Contract

1. Offer. An offer can be oral or written as long as it is not required to be written by law. It is the definite expression or an overt action which begins the contract. It is simply what is offered to another for the return of that person's promise to act. It can not be ambiguous or unclear. It must be spelled out in terms that are specific and certain, such as the identity and nature of the object which is being offered and under what conditions and / or terms it is offered.

2. Acceptance. As a general proposition of law, the acceptance of the offer made by one party by the other party is what creates the contract. This acceptance, as a general rule, can not be withdrawn, nor can it exceed the terms of the offer, or alter it, or modify it. To do so makes the acceptance a counter-offer. Although this proposal may vary from state to state, the general rule is that there are no conditional acceptances by law. In fact, by making a conditional acceptance, the offeree is rejecting the offer. However the offerer, at his choosing, by act or word which shows acceptance of the counter-offer, can be bound by the conditions tendered by the offeree.

3. Consideration. Consideration for a contract may be money or may be another right, interest, or benefit, or it may be a reduction, loss or responsibility given up to someone else. Consideration is an absolutely necessary element of a contract. As a word of caution, it should be noted that consideration has to be expressed agreed upon by both parties to the contract or it must be expressly accepted by the terms of the contract. A potential or accidental benefit or detriment alone would not be construed as valid consideration. The consideration must be explicit and sufficient to support the promise to do or not to do, whatever is applicable. However, it should not be of any particular monetary value. Mutual promises are adequate and valid consideration as to each party as long as they are binding. This rule applies to conditional promises as well. As additional clarification, the general rule is that a promise to act which you are already legally bound to do is not a sufficient consideration for a contract. The courts determine the application.

4. Capacity of the Parties to Contract. The general presumption of the law is that all people have a capacity to contract. A person who is trying to avoid a contract would have to plead his or her lack of capacity to contract against the party who is trying to enforce the contract. For example, he would have to prove that he was a minor, adjudged incompetent or drunk or drugged, and so forth. Often this is the most difficult burdens of proof to overcome due to the presumption of one's ability to contract.

5. Intent of the Parties to Contract. It is a basic requirement to the formation of any contract, be it oral or written, that there has to be a mutual assent or a "meeting of the minds" of the parties on all proposed terms and essential elements of the contract. It has been held by the courts that there can be no contract without all the parties involved intended to enter into one. This intent is determined by the outward actions or actual words of the parties and not just their secret intentions or desires. Therefore, mere negotiations to arrive at a mutual agreement or assent to a contract would not have considered an offer and acceptance even thought the parties agree on some of the terms which are being negotiated. Both parties must have intended to enter into the contract and one can not have been misled by the other. That is why fraud or certain mistakes can make a contract voidable.

6. Object of the Contract. A contract is not enforceable if its object is considered to be illegal or against public policy. In many jurisdictions contracts predicated upon lotteries, dog races, horse races, or other forms of gambling would have considered illegal contracts. Yet in some states these types of contracts are valid. Federal and some state laws make contracts in restraint of trade, price-fixing and monopolies illegal. Therefore, a contract which violates those statutes would be illegal and unenforceable. This is true for drugs and prostitution or any other activity if considered criminal.

Best Digital SLR Cameras – How to Choose The Best DSLR Cameras

Best Digital SLR Cameras – All about DSLR Cameras

Hi, this is Steve, thanks for reading my DSLR Reviews . I enjoy taking photos, so I appreciate it captured my enjoyable moments. If you are interested to learn more about digital SLR and how to pick the best cameras to invest in for taking extraordinary photos, here's the right place!

It should bear in mind what you need your camera to do before buying any one, so now I've added information and facts that you will find helpful for you to choose the best camera. I took the details from my own experience while shopping for the perfect camera to buy.

What is the DSLR Camera?

A great number of hobbyists are desiring for a DSLR, the fact is that they have no idea what it is exactly, if have, just like "It is like the compact one in my pocket, it will be better, it is a big one . "

In my way to describe a DSLR, it would be 'All-Round'; You can use the DSLR for almost anything, taking pictures of lovely animals, beautiful landscapes or amazing astronomy, recording vivid high quality video clips.

And there is a significant difference on the price too. How much are you willing to pay for a decent camera that fits your needs? I will recommend several cameras with affordable budget!

Why a DSLR Camera is better than Compact Camera?

Having a DSLR Camera, you will benefit from:

  • Interchangeable lens – based on the kind of photography you desire, you can purchase lenses optimized for the task, rather than the one-size-fit-all lens of a compact.
  • Optical viewfinder which goes through the lens via a mirror or prism – search through the camera lens for perfect framing and find out far more detail than using the LCD screen.
  • Faster autofocus – the digital camera will focus considerably faster and with better accuracy.
  • No shutter lag – when pressing the shutter release button and taking the actual photos, no lag time in between them – you will not miss any memorable moment.
  • No delay in between pictures – you'll be able to shoot no less than 3 fps (based on the camera model it may be even to 12 fps), ideal for action shots.
  • Less noise in low light – it is possible to shoot in low light while still get usable image.

How to Choose the Best DSLR Cameras for Beginners?

Think economy

Here, economy means deep consideration on a brand: camera bodies, lenses, third-party lenses, accessories, stuff you find on, such as Amazon, eBay tutorials, seminars, and more.

All manufactures brag that their cameras have been armed with lots of features; Sometimes they provide the same thing under a different name.

Generally, I do not recommend you purchasing a high-end and most advanced camera as your first one. The money you spend on the most advanced camera can not automatically complete the amazing master piece, the miracle operator is behind of the camera – you. On the other hand, the complex options will confuse you, finally, you only work with the "fully-automatic mode", that is what your "Compact Camera" could realize. An entry level of camera could product better images with a good lens than the combination of advanced camera and crappy lens.

Which is the Best Brand for Digital Camera?

No doubt, Canon and Nikon are the most competitive and are likely to remain so for the foreseeable future.

The brand is not the most important matter, while the market share does, it should lead your choice. Let me tell you the reason, if you only need a camera and the kit lens, market share does not affect you

However, if you intend to keep investing and upgrading the hardware, choosing a most popular brand can save you money and your time, because you can easily find all sort of accessories for it, where you will have a hunt To find what you need, maybe with much more time and money.

High Resolution for DSLR Camera Is Always Necessary?

When choosing a digital camera, there are various important specs to take into account apart from which color to pick. Years ago, the way you'd approach this was to have the camera armed with the highest / biggest resolution. Everyone likes bigger one, right? It sees larger one means all-round, multifunction and more powerful. The fact under cameras is not that simple. Bigger resolution is truly fantastic, but do not forget the critical aspect – the final image quality depends a lot on the sensor size. Most DSLR cameras equipped with about 24X16mm APS (Advanced Photo System) sensors. As the resolution increases, noise increases too. The right balance is 16Mp for them. If you prefer a "Full-Frame" sensor which is very large and expensive and equipped in high-end cameras, you get a resolution of 24Mp by 36X24mm sensor. Being the first DSLR camera for beginners, it is a bit of earlier to talk about those details. Moreover, you could crop large portions of images captured through higher resolutions, but why not learn to frame the object much more effectively.

DSLR Camera: What is Live View?

A live view LCD on a digital SLR camera lets you preview the images you're about to capture using the large LCD on the back of the camera. A live view LCD is a fantastic feature for people who hate to peep the real world through a "Hole".

The continuous image shown on the LCD enables you to make sure you've got the composition right, no matter if your eye is not pressed to the viewfinder.

But hold on a sec … This " unique " feature sounds a remarkable lot just like the way every compact digital camera works.

It is, but adding a live view LCD to a digital SLR is not always a good option as it sounds.

LCDs can be handy, but they also do result in disadvantages in design overall performance; Especially, if you work with Live View, the auto-focus is going to be again slow, ending the speed advantages of SLRs over compacts. The most important aspect, the power consumption will be significantly increased. When shooting natural scenery in the wild, a DSLR camera with battery exhausted may be a good weapon against attacking from animals, instead of taking their photos back.

Optical Stabilization for DSLR Cameras?

Without using a tripod, taking pictures in low light and / or with telephoto lenses may be challenging. Almost all DSLR cameras get some type of stabilization. There is also a trick though: Canon and Nikon provide stabilization inside their lenses ( IS lenses for Canon and VR lenses for Nikon ), while Sony, Pentax and Olympus develop the stabilization function in camera body . The difference is critical simply because for Canon and Nikon you should buy IS / VR lenses , which may be quite more expensive than normal lenses, while with the other manufacturers the stabilization works with any lens. The effectiveness of stabilization is about the same in both philosophies (3-4 stops); The stabilized lenses provide the benefit of you seeing the exact stabilized image in the optical viewfinder, while stabilized bodies allow you to use any lens for the exact same effect.

Finally …

I tried to keep this guide as neutral as possible and offer you information to assist you make a decision, instead of making a choice for you. You could visit my website Best-Dslr-Camera-Guide.com, HERE for more details.

Your Kids Do not Need Electronic Learning Toys

We've all seen the advertisements for toys, videos, even teaching programs for babies promoting to give your child an academic edge. Maybe we've been moved to purchase those toys that teach colors, counting, and ABC's in English and Spanish. Maybe we've been consumed with guilt because we did not give our children these toys, and we'll always wonder if we are the reason they might turn out to be something other than rocket scientists and neurosurgeons.

Is there anything wrong with these toys? No, nothing at all. They are often cheerful, colorful, and include a catchy tune your toddler or preschooler will enjoy. And they do, in fact, give kids early exposure to those basic academic skills. The lights and sounds are delightful rewards for your little one who is exploring the buttons, dials, and sliding levers. All that exploring improves their eye hand coordination and hand strength, aka "fine motor skills."

So what's the problem? Well, frankly, the problem is parents expect the fancy "teaching toys" to live up to the hype, and give something back for all the dollars paid to get this toy or gadget. After all, do not the toy companies know what they are doing? Does not the app teach a very obvious skill, like matching? It sets parents' mind at ease, and they may feel the kids are getting a superior education. Some may feel the toys are better teachers than moms and dads. Some may feel that adding extra "teaching time" with the child would be unnecessary. This is a very dangerous way of thinking.

We have to ask ourselves to think – how do kids learn? Toddlers and preschoolers are not ready for lectures and power point presentations any more than they are ready for these kinds of "lessons" the so called learning toys are trying to provide. This may seem like comparing apples to oranges – lectures are obviously for teen and up, but those learning toys are fun and kid friendly, right? Wrong. How could they be likened to a lecture? Because of one key ingredient that is missing in both instances, the very thing that makes it inappropriate for a child – it is not attached to a meaningful personal experience or social interaction.

Lectures are one sided. A speaker presents information, the listener soaks it in. Sometimes the audience is invited to participate somehow, but it is usually limited. The learning toys are only slightly better. They make their noises, and some of them try to get the child to press a button to respond. The child is cheered for or asked to try again depending on how they respond. Does this count as a meaningful personal experience or social interaction? No, not at all. The child simply listening to a computer. They are not holding and working with real objects. No one they care about is sitting with them to provide the encouragement or praise. Instead they hear a computer voice that is empty and repetitive. Sometimes the machine responds inaccurately, like when the child sets on the toy and the toy cheers for the child who incidentally sat on the button that was the correct the response. Like a lecture, these toys are impersonal, use representation instead of real objects, and may even give inaccurate feedback.

Do you still think those learning toys are superior?

Let's take a look at naturally occurring learning now. You can call it the unplugged version. Junior is in the sandbox with Grandma sitting nearby. His fingers are covered in sand, providing delightful sensory input. (If you are not familiar with "sensory input" just think of all the stuff kids like to touch because it is so varied – sand, paint, jell-o, beans, rice, water). Whenever you add sensory input, you are activating more parts of the brain, which aids in memory and learning in general. The sun is shining, the birds are singing, the light breeze is blowing, all the more sensory input that makes outside so much fun for kids. Junior is busy pouring and scooping sand. He plays pretend with a dump truck and uses it to transport sand to the "construction site." Grandma and Junior chat while he plays, and she gives him words to learn like empty, full, big, little, wet, dry. Junior is in charge of the play scenario. He fills up that dump truck himself. He shows how and when and where to dump it. Grandma smiles and encourages him. She challenges to make "a great big pile" of sand and applauds when he does. Junior beams with pride.

What just happened out there in the sandbox? Meaning happened. That sand was in Junior's little hands, not pixels on a screen. He scooped by using his little hands and muscles, not with a stylus tapping on a screen. He learned about physics out there, as he learned how hard to push the truck to make it go through the sand, how much pressure he needed to lift up the dump truck, what happened to the sand when the bucket was already full, how far Water splashes when he dumped it all at once. He was encouraged to keep going when the bucket was not full yet and Grandma helped him understand that full meal up to the top. He accomplished an actual physical task that he could see, touch, and be proud of. He got lost in the joy of make-believe play, which is critical for child development. Grandma's praise was genuine and accurate, and he loves that lady to pieces so he did not give up until he got it right.

So now we have seen how a real task, like sandbox digging or block tower building, with real people, is obviously better than tasks on a computer screen. But what about the ABC's, you ask? What about the counting in English and in Spanish? Times have changed drastically, and the pressure is really on once kids get to kindergarten. You want your future neurosurgeon to be ready!

OK, here's the truth. You can teach a toddler letters. You can teach shapes as complicated as "cylinder" to a two year old and she will be able to name it when she sees it a few weeks later. You will beam with pride. She can learn to count to ten, too. The question here is, should you?

It comes back to meaning. A child can count to ten, but does she understand what the numbers mean? Does she know that 8 is twice as many as 4? That 4 is one less than 5? That there are five cookies on the plate but when she eats one, that there are now four cookies? And what earthly purpose does a toddler have for adding the word "cylinder" to her vocabulary? She can learn letters, but she will not learn to read any faster. And without regular re-teaching, your child will quickly forget these things – for the simple fact that they do not hold any meaning for her. Our memories work by sorting and associating concepts with familiar things or in a way that makes sense. And all that academic mumbo-jumbo you gave her does not have a "storage drawer" inside that developing little mind. She has not got any place to store it that makes sense, so it fades quickly. So if it is not going to stick, why waste her time with it? Why not go outside and play in the sandbox? We know the lessons learned out there are going to last.

As your child approaches kindergarten, you will want to ensure he is "ready." Today's standards mean he should know a great many things, including letters and how to hold a crayon, his full name, and how to hop and skip. But starting to teach academies in baby and toddler years is not necessary. In fact, it may rob children of the time they could have spent filling and dumping a bucket of sand.

Still not convinced? Consider the child's growing mind. At one year of age, your child still thought he was an extension of you, and that he could control you. He fought, you fed him. He was bored, you played with him. You left him, he hinded until you returned. He tantrums because he can not control you any more. And he is mystified! He can not sort it out. Now fast forward to age 2. He's still tantrumming regularly. He cries because his meatballs are "all gone" even though you look in his bowl and see meatballs still there. Was that even the issue? Nobody knows! Now I ask you, is he ready to learn the complicated sound / symbol relationship of letters and begin to read? Is he ready to count in Spanish? Probably not. Research suggests kids are not ready to recognize and remember letters until … ready for this? … age five . That is shocking considering today's grueling pace. There is also some evidence that early exposure to letters and learning to read does not matter at all. A child can learn to read, and learn in a matter of months, if you wait until the child is developmentally ready to do so. That's around age seven. Of course, in America we do not wait until a child is seven to get started, the point of this is remind us that child development happens in a predictable, linear fashion. It can not be rushed. Development happens on child's schedule, not due to parental diligence with flashcards and learning videos. However, your child still has loads of things to learn. He is ready to play with you, listen and learn from a real person who loves and cares for him. He wants to please you, and wants to interact with you.

You do not have to "try" to teach a young child. Simply interact with him, talk with him, and ask him questions. Let him try things on his own and help him be successful. Learning happens in play, not on a screen or with a computerized toy. You can play pretend, build, paint, dig, hop and run, and even sort and categorize familiar objects like food in a toy kitchen. You can bake cakes and wash the bowls afterward. You can play catch and make up a simple game. You are all your child needs. Computerized toys can never replace the invaluable learning that happens when you simply play with your child. Choose toys that allow for problem solving, building, pretend play, or dress-up outfits. Do not forget about things like blocks, balls, and books. These classics never fail to entertain and to teach, too. Best of all, it is easy to join in and play with your child!