Profitable Traits Landlords Should Own

Owning rental investment property means you have asset to manage. In order to gain profit from your property, you are not only managing your property but also tenants as well as maintenance. Of course being a property investor as well as landlord requires lots of task to handle. However, it’s going to be worth it once you can handle them all just fine. Being a successful investor and landlord is not every day. It is not only an easy thing to achieve. However, it is not something impossible especially if you know what profitable traits you should own in order to be successful in your property investing, especially in rental property.

Landlords with profitable traits for successful investing

Managing the property needs lots of hard work. Most importantly, you need to work with property manager to have everything sorted out. They can help you getting the right tenants and keeping them. And of course, they will also help you managing your finance. However, it is also important to have traits which are profitable not only to make you a better person but a better landlord and successful one. So here are examples of what traits you could possess as landlord and investor:

Treat your property like a small business

This is the right trait you should possess when you own a property. When you treat it like a small business, you will realize that you should manage everything organized. You should be willing to work with property manager. This is the way to make your job easier as investor and landlord because they can help you manage major points of your property business. However, it is also important to choose property manager that is proactive and protective of you as well as your interest as landlord. Make sure that you inform property manager to give you regular reports, reviews, and advice about everything happens to your rental property.

Keep a good term with tenants

Aside from business relationship with property manager, you should also keep a good term with your tenant. Not every landlord is willing to make good relationship with their tenants. However, keeping on good terms with your tenants is a good trait because you can get benefit from it. You don’t have to build friend-like relationship. You just need to make sure that you keep open lines of communication with them. Thus, they won’t be afraid to make reasonable request and you can keep them happy. Content tenant means less hassle you need to deal with.

Understand and educate yourself

Another profitable trait you should possess to be successful investor and landlord is the willingness to understand your own strength and weakness, and never stop educating yourself. You should know that sometimes you need help from others or need other’s skill to solve your problem. It doesn’t make you weak. In fact, it makes you smart because you know your capacity of your work. It is also important to keep yourself educated especially about property business and market. You can read related books or listen to some advices from experts and professional.

Select Seminyak Villas for Your Holiday in Bali

The list of the reasons why Bali has become one of the most visited destinations for retreat goes on and on. There are many aspects from Bali which keeps making people curious to visit and want to come visit again. If this is your first time in Bali, it is recommended to stay at one of Seminyak villas. Of course, Bali has large areas where you can venture to. Seminyak is not the only place you can visit for your holiday in Bali. However, Seminyak has everything you need to really enjoy the finest of Bali. You can easily spot fine restaurants, chill bars, boutique shops, fun café, beaches, and many more. It alo grants you easy and fast access to the airport.

Seminyak villas to choose

Compared to other areas in Bali, Seminyak can be considered as one of the most crowded one. However, it doesn’t mean you can’t enjoy serene vibe. You can still find piece of tranquility from the accommodation you choose. That’s why renting a villa is more recommended for you during your holiday in Bali. There are lots of villas in Seminyak that you can rent. To make it easier with searching and booking process, it is recommended to use a rental villa management company.

The Best location for accommodation in Seminyak

Seminyak is situated between Legian and Canggu. That’s why it grants you great access to most important places within close proximity. Thus, you won’t waste much time venturing around the place.

Petitenget is one of recommended area where you can stay and find the best villa to rent. It is located in more north of Seminyak. In this area, it will be easy for you to find boutique shops and fine restaurants. The villas situated in this area mostly offer luxury features started from amenities, services, to facilities.

Another recommended area is Jalan Kayu. This particular area has become one of the most popular places to stay since it is one on the main streets in Seminyak. However, its location is more inland and your access to the beach is not in short distance. This place is more suitable for peaceful retreat.

Double Six Beach is also a popular area amongst tourists. It is situated in the southern area of Seminyak and closer to the borders Legian. This is also famous amongst young travelers who like to chill and fun while enjoying their time in Bali in slower paces. Aside from hotels, there are various villas situated in this particular area. Thus, it is recommended to book beachfront villa so you can enjoy the view of the beach anytime you open your eyes.

Booking one of Seminyak villas in Bali is relatively easy, there are no complicated procedures and the payment method is clear. It is also recommended to book villa that really fits not only your preference but also needs. You also need to remember that the prices change depending on the season. During peak season or school holiday, the rate will increase and it will relatively go lower during low season.

Researching the Sites for Your Property Development Project

As an investor, you must have known already that location or site is important in property investing. Of course, buying an investment grade property is crucial. Thus, it is also important to research about the site first when it comes to property development process. There is so much of a site can tell you when you look at it. It is not only about where the site located but also about the general element of it should you research thoroughly. Remember that every project is unique so it requires different site to be perfect. Property development is a complex project to finish. Thus, researching the site is only the first step you need to take before taking another one.

Researching the Sites for Your Property Development Project

Why researching the site

Experienced investors are most likely braver enough to take property development project as their investment. It is not a small project because it involves big budget and higher level of risks. However, their goal is to get financial rewards at the end of the project. Everything needs to be started from by finding the right site and prepare it.

The reason why you should research a site is to find the perfect location for your development project. However, it is more than that. By researching the right site, you will get the chance to meet people who could be incredible at their work. While researching the site, you need to research the local market and contact reliable real estate agent as well as property strategist.

It might be a hassle to go from one place to another just to find the perfect site. To help your work goes smoothly, you need help from property strategist and real estate agent. Aside from them, you can also contact buyer’s agent who, of course, have knowledge of the local market that you can rely on. Furthermore, the people you should contact include people in the planning department at the local council. They are important to contact because they can give you important overview.

Don’t rely on cheap property

As investor, you must think a lot about your budget and general financial plan. It is common to think that you could save some money if you buy property at lower price. However, it is not always good to buy cheap property. The right thing to do is to buy investment grade property including when you are looking for the right property site. It is also important to not overpay. You need to make sure that the property you buy is worth every single penny you spent.

To make the right decision on which site you should choose for your development project. Do not use your emotional or personal attachment. This can mislead your thinking. Use only financial viability when choosing development site. Before researching, make sure to make a checklist of development site you want to invest. If all point of the development site are on your checklist, you need to buy it at the right price. If there are some points missed from the checklist, move on to the next site.

The Good and Bad of Sailing in Komodo Cruise

Komodo cruise is arguably one of travelers’ favourite to experience the Komodo National Park. Hidden from modern civilisation in remote frontier, the national park is comprised by chains of small islands in which traveler absolutely need a boat to roam around. However, Komodo has a lot of boat options and it’s not limited to cruisers. From fisherman boats, budget liveaboard, to luxurious phinisi, you have it all. Of course, cruisers sits on top choice, and here are pros and cons of renting a cruise in Komodo.

But before we get in-depth to the two sides of the coins, it’s better to know that cruisers in Komodo are nothing like 2,000 passengers mega-cruisers just like the Caribbean ocean liners with built in gym, five dining restaurant, a mall, casino bar, and tennis court. Cruise ships here refers to luxurious phinisi (Indonesian traditional schooner) boat and tend to carry smaller number of passengers than budget liveaboard boats. Most of them are entirely built on wood, adding a novel charm to the sailing experience. 

The Good and Bad of Sailing in Komodo Cruise

The Good of Sailing in Komodo Cruise

Stability

Most of cruisers in Komodo are built in 20 to 40 m long and that gives them stability to navigate in Komodo’s waters. Their bodies are made to withstand even the roughest sea tides. In normal condition, you won’t feel the sea as much as it would be in smaller boats. 

Intimate Onboard Experience

Most Komodo cruise takes no more than 12 – 16 passengers onboard, which means you will have plenty of chance to get to know them better over the course of your cruise. Plus, small number of passengers means that you will get more attention from the crews and the captains. This will make your cruising experience feel much friendlier. 

Bigger and Comfortable Cabins

Space are a luxurious thing when it comes to a vehicle, and cruisers are a good example of it. The more luxurious a ship is, the more spacious it would be. Cabins on a Komodo cruise are mostly roomy and well equipped with hotel-standard facilities. 

Spacious Social Areas and Complete Amenities

Despite of not having indoor gym and tennis court, a lot of cruises in Komodo still have upscale lounge, an ample dining room, sun decks, and even a sky restaurant. 

The Bad Side of Sailing in Komodo Cruise

Giving Up Phone Signals  

Not all ships provides wifi and when it does, the connection won’t be as stable as you would be on the land. This drawback is not exclusive to Komodo cruise, however. The lost of signals should be a common logic when you are sailing in the middle of the sea.  

Pricey Tags

With the facility, come the price tags. Of course, these cruisers fall on the pricier side than other selection of boats in Komodo. The standard rate to cruise range from 1500 to 7500 USD per day with usually minimum booking of three days. In peak season like Christmas and New Year, price could surge up—so better avoid these dates. 

Fewer Selection of Cruisers 

If you don’t want to spend a lot of time browsing through two dozens of boat options, this could be an advantage. The majority of boats in Komodo are budget and medium-priced liveaboard boats—there’s only several big phinisi in Komodo.    

Knowing Neighborhood’s Crime Rate before Buying a Property

When you decide to invest in a property especially for residential one, safety is one of things you should put on your checklist. Buying a property or like a house for a family to live in means you need to means consider many things such as security, proximity, convenience, and many more. In the matter of security, it is important to investigate first about the neighborhood’s crime rate before you decide to buy a property. Nobody wants to live in a neighborhood where the crime rate is pretty high. Everyone expect for safety and comfort when it comes to a home to live in.

Knowing Neighborhood’s Crime Rate before Buying a Property

Investigating neighborhood’s crime rate before investing

Robbery, theft, trespasser, and many other types of crime are things that everyone want to avoid. Knowing how safe your local area is before investing is necessary whether you are going to pick a single-family house or second investment property. Here are reasons why knowing the neighborhood’s crime rate is important in searching property to invest in:

  • Regardless of what kind of property you are going to buy, knowing the crime rate of its neighborhood is necessary because it is not only to ensure your safety but also the overall matter including your family and the people who are going to occupy the property in the future. It may seem a hassle to investigate or do some research about the crime rate before buying a property. However, you can research the most recent crime statistics for the area. You can even access the data online.
  • You need to keep your belonging safe whether it is the property or the things inside. That’s why you need to make sure that the neighborhood of the property you are going to buy has lower crime rate. If you are unsure about the data you gain online, you can pay a visit to the neighborhood. Physical visit may ensure you better because then you can actually analyze the surrounding of the neighborhood. It is recommended to pay a visit both during weekdays or weekends so you can get more accurate perception of the neighborhood.
  • By choosing low crime rate of the neighborhood where the property you are going to buy is, you can save dollars on your contents and home insurance. Remember that crime rates of the neighborhood will be taken into account by insurance providers. It is to determine future claims. If the crime rate is high, you will automatically needs to pay more for the premium.
  • Knowing the state of the crime rate of the neighborhood, at least you will feel more relieved because then you will feel safer as well as the people who are going to occupy the property. To get better understanding about the neighborhood’s safety, you can also ask around the locals. You can pay a visit and speak to some locals casually in a coffee shop. If it is too awkward for you to do, you can ask the local real estate agent instead.

A Curated Tropical Trip with Komodo Boat Charter

The Komodo National Park is not like any conversation park you’ve been into. Comprises of more than twenty little islands and vast Flores sea in between, the park feels more like a set of tropical nirvana rather than a conservation area. Between those pieces of heaven, dozens of phinisi boat—typical Indonesian schooner—are busy going back and forth, taking passengers to explore the best of Komodo. There are two primary options to sail around Komodo National Park. The first one is the kind of Komodo open trip boat, where you book a cabin and share the rest of the boat with other passengers. The second one is Komodo boat charter, where you book the whole boat for an extended period of time. Actually, there’s a third option. albeit less popular; a land based trip. Instead of liveaboard, this kind of trip typically use speedboat to pick you up from Labuan Bajo to the destined island.  

A Curated Tropical Trip with Komodo Boat Charter

How Rich is Komodo?

Komodo is not only about the dragons—though they were set as main identity of the park and what make it famous at the first place. The National Park, which also one of the part of New 7 Wonders of the World, is so rich with natural diversity. Sail with Komodo boat charter here and you would see how Komodo is exceedingly different with other part of Indonesia. 

In a land where rainforest usually grows, almost every little islands in Komodo were blanketed by acres of crips, golden savannah. Undulating hills leaping and sloping across the island, ringed by stretches of stark white sandy beach—which turn into rare pink in certain places. Calm waves constantly hitting the shore, the clear water blurs the boundary between the land and the ocean. Now, this is surely a recipe of tropical idyll, but behind these bliss, Komodo hides bounteous natural diversity. Aside the ancient giant monitor lizard, there are species of big bats, birds, sea critters, manta ray, pelagic, myriad species of corals, and plant life that you simply won’t find anywhere else. 

A Once In A Lifetime Splurge

Komodo boat charter is a privilege to have when you want to explore the iconic landscape and exceptional wildlife exclusively with your closest ones. This kind of boat gives you more freedom and flexibility on the sailing trip. Typically, you can design your own destination list rather than sticking with cookie-cutter itinerary that’s been prepared by the tour company. Also, it gaves more room for sudden improvisation if, say, your travelling group suddenly fall in love with the underwater landscape of certain area and decide to snorkel for 30 minutes longer than the schedule. Of course, the ultimate privacy and flexibility comes with a price tag, but it would be definitely worth it!

Property Investment Choosing Tips

Property investment sounds very appealing even today when people can find so many investment options. Nevertheless, people still have to be wise with their decision to make the property as their investment. Although it seems safe and profitable, making the right choice of property to invest will be the crucial key to make this investment work. In this circumstance, there are several aspects which must be considered when choosing a property to invest.

Property Investment Choosing Tips

Neighborhood

At first, people need to make sure that they choose the right neighborhood for the property. One thing for sure, everyone has a specific expectation of the neighborhood for the property. Each has different pros and cons as well. Some people are looking for a property which is near to the universities. The demand is always high for this kind of property. However, they also have to be ready with high tenant turnover. People should examine the neighborhood they want for their investment in property.

Costs

People want to invest in property because they want to get the money. However, they also have to realize that when they buy a property which will be rented, for instance, it is possible that they will not make any money during the early years of ownership. That is why they need to review all the costs which can be added when buying the properties. People have to keep in mind that they have to maintain the rental properties so the maintenance costs must be included in the consideration when choosing the property investment.

Near a School

It is a wise decision to make the investment on properties which are located near a school. However, people should also realize that this choice does not always mean a lot of money income these days. It is better to check out the school first before they make any investment decision. The investment value can be affected greatly by school quality. The healthy cash flow can always be generated when the property is leased. Nevertheless, they need to make sure that they can get a good return when the property is sold.

Crime Level

Many people are very conscious about having a property but it does not mean that they want to live in the area with high crime levels. Even with the reasonable rent cost, people usually will avoid this kind of property. That is why people need to investigate the levels of crime in the area before making any property purchase. For this purpose, they can speak to the locals for instance. Visiting the local police station will also be great for knowing more about the crime levels in the area.

Competition

Every business will have a competition. Of course, there will also be competition which can be found when people are running the property business. This is the reason why they need to make research on other property listings in the same area they choose. The demand will be low in the area with many available rental properties so it will not be too profitable. It is also important to check the rental rates before making a property investment in certain areas.

Side Business Ideas for Young Adults

Having a side business is suitable for young adults who still have other activities. However, it is worth to run a side business because it can give you an additional income. It can also be a lesson for you who want to be an entrepreneur. If you are planning to start a side business, here are some ideas that you can try.

Side Business Ideas for Young Adults

Gelato

Who does not love gelato? Both kids and elders love this cold dessert. So, you can take this chance and make handmade gelato as your side business. Gelato slightly looks similar to ice creams. What makes gelato different with ice creams is that gelato contains less fat than ice creams. Do not be worried about your competitors. Because handmade gelato is made by different persons, so that the taste, toppings, and other elements will also be different. Make your handmade gelato side business more unique than the others.

Coffee

If there is another thing which is loved by many people besides ice creams, it should be coffee. Some people start their day with a cup of coffee. There are even some people who are addicted to this beverage. So, why do not you sell coffee as your side business? There are many side businesses that you can try related to coffee. You can open a coffee shop, be a coffee reseller, or even coffee powder suppliers or manufacturers. There are a lot of kinds of coffee, you can start from the ones that are your favorite to sell.

Reseller Or Dropshipper

This side business is one of the most popular ones among young adults. Because being a reseller or drop shipper does not need any fund. You just need to offer and sell other people’s products higher than the original price. Once you find buyers, you just have to pass the orders to the real sellers and that’s it. You can promote the products through social media such as Instagram, Facebook, and many more. Or, you can promote them on online shop platforms such as eBay and Amazon.

The profits that you can get by being a reseller or drop shipper depends on the products you sell. In order to gain buyers’ trust, you have to make sure the quality of the products and improve your services. So that you will have loyal buyers.

Blogger

Today, a blogger cannot be underestimated anymore. Being a blogger is not an activity to fill spare times anymore. It becomes a promising and beneficial profession for you who are creative and informative. There are many bloggers who focus on writing about fashion or product reviews, then have a lot of followers, and eventually get exclusive opportunities from famous brands. And the fee is no joke at all.

You just have to consistently write posts on your blog. Make sure all of your blog writings have a theme. For example, if you are a beauty enthusiast, you can write anything related to makeup or skincare, beauty tips, and many more. So, are you interested in having a side business?

Tips to Choose Trustworthy Property Developers

Choosing a trustworthy property developer must be done carefully. Because, as you know, a property is not a cheap investment. A lot of your money is involved in this investment. Below are several tips that you can follow to help you choose a trusted property developer. So that can purchase property or put yours on the market without having any worry.

Tips to Choose Trustworthy Property Developers

Prepare An Interview

Do not make your first meeting with the property developer as a casual conversation. Instead, act like the meeting is a job interview, where the agents of the property developer are the job seeker and you are the final decision holder. Prepare and ask them specific questions that can help you to figure out their experiences and track records as well as how they have been working so far. Talk to at least 3 agents from the property developer before you make a final decision.

Find Out the Profile

Today in this digital era, an online profile of a person can give you a lot of information about how they work. You are even possible to know their characters through their online profile. So, find out the online profile of the property developer you are going to choose. You can find it on their official website or social media, such as Twitter, Facebook, or Instagram. Find news related to the property developer as well as their office. The most important thing is figuring out their marketing strategy and how effective their works in finding potential buyers.

Find Out the Reputation

When you are looking for a trusted property developer, the first thing you must be concerned is their reputation. If it is possible, find out their license and awards they have won too. Some famous property developers usually have their official company websites where they can inform their official office address and their outstanding agents. This can be your reference in choosing a trustworthy property developer.

Ask for References

Both property buyers or sellers are suggested to ask for references from previous clients, including their contacts. So that you will be able to contact those previous clients and ask important questions related to the property developer. Such as whether the property developer works well or not, how well they market a property, how long are the property on the market, and the most essential is, will the use the same property developer if there is the next chance?

Choose the One that Experts the Local Market

Choosing a property developer that has much knowledge is the key. Because every region has its own challenge related to property. An ideal property developer should have proven notes to sell property in the local area. They must also clearly know about the facility in the location, the environmental conditions, and also government regulations applied in the location. Because those factors will influence the property. They should be able to inform you about the local market way better than the householders or previous clients.

Those are the tips of choosing a trustworthy property developer.

Business and Investment: How to Thrive in Commercial Real Estate

One of the best investment you can make is commercial real estate. This happens because everyone needs a place to live and every year, the rent cost will raise higher. There are three things you need to take notes when it comes to investing: the terms, the deal and the return of the investment. Most of times, the prettiest property might be the bad investment you make, while the so-so real estate might rocket to the best one. If this is the case, how can you decide which real estate you will invest on? Here are some tips and tricks you can consider before you jump into the water!

Business and Investment: How to Thrive in Commercial Real Estate

1. Be A Smart Investor, Not A Careless Accumulator

The one and solemn goal of investing on a commercial real estate is to gain income out of it. When it comes to make profits, you need to be careful in selecting the real estate agents. You can see whether or not the type of real estate you are investing on becomes a trend these days. The location of the building is also important as well as the target audiences. Are your prospects from middle class or the executives? This way, you will be able to purchase a property that actually produces some profits, instead of just acquiring ones that have no potentials.

2. Repair and Adjust

Another thing which most investors tend to ignore: the fact that every property has their expire date. Over time, your building needs to be renewed and repaired. In order to upkeep the value of your commercial real estate, a repairment on several elements is a must. It can be the renewal of the rooftops, or even maintenance of the electricity. In other cases, you might have to upgrade the type of the building to fit the trend nowadays. All of this has to be planned carefully, thus make sure before you purchase a unit, they have a long-term maintenance as well as long-lasting model so it will not cost you much pennies.

3. One Type at A Time

In order to make your commercial real estate business grow faster, it will be better to select one type of investment at ta time and focus on it. You may choose one of these: apartment, office, SOHO, land, or even retail. Of course it is good if you want to expand, but do it within the same intervals. Each type has their own distinctive needs and your undivided attention. For example, if you want to build an empire based on land selling only, you need to consider its environment. Whether or not the city where your land is located will soon grow into an industrial city, or it will remain as a dead countryside.If it comes to apartment with busy workers as the target audience, you might want to buy one that is in the heart of town, where it has many access which allows your customer to go on mobile freely. It is better to master one type of investment at a time and earn much money from it rather than having sporadic investments but unproductive.