When deciding to buy a property or not, consider how appealing it will or will not be to prospective tenants. No property is worth your money if you won't be able to sell or rent it, so consider the purchaser's perspective. How soon can you sell? How high will your profits be? These are all things to consider from the buyer's point of view before you buy.

Be wary of any prospective tenant who tries to negotiate the rent. While he or she may just be a savvy businessperson, they could also be in a financial bind. Ask a few more questions and be careful about signing a contract with them. You may find yourself constantly fighting to get your monthly payment on time.

Consider the possible rental income of a home when you project its worth. This increases your overall yearly profit margins. When they move out or the lease is up, sell the home again to make a bigger gross profit than just a quick flip would have given you.

Build your real estate investment buyers list with online ads. For example, you could use social media, online ad sites such as CraigsList and/or the local newspaper to draw attention to the properties you have on offer. Be sure to retain contact information for every person who shows and interest so you will have a well-rounded contact list as you accrue new properties.

Stick with a single property. You don't want to bite off more than you can chew. Begin with one and learn as you go along. In the long term, you will get better results.

Get your funding in check prior to scouting homes. You are wasting time if you don't know where the finances will come from. In fact, the delay after you've found the perfect home can be the difference between you getting the home and not! The best properties will always have a line of interested investors.

If a property sounds too good to be true, it probably is. Be cautious of good deals. Make sure to always thoroughly do your research. Never just jump into anything. Consult with some specialists and really look a property over before committing to it. Make sure you're not going to be paying for your good deal later on.

Know the lingo of the marketplace. You need to sound like you know exactly what you are doing. If your seller thinks you are new to this, then they may try to take you for a ride on the price. You want to use your lingo and your knowledge to your advantage. The more professional you sound, the bigger leg up you'll have in negotiations.

Be very careful when you want to invest in a piece of property along with a partner. It may be fine if both of you have the same investment goals about this piece of property. However, if one of you wishes to sell out, the other may not have the money to buy him out. You may end up selling the property before despite your desire to keep it.

Do your homework and research before acting on investments. Taking the time to look into things is much wiser than the expensive lesson that is learned by jumping in too quickly over your head. Something may seem like a great deal on the surface and of course the seller won't tell you the drawbacks or problems.

If any contractor you hire to work on a property asks you for an advance for materials and costs for the job, do not give it to him. He likely has a cash flow problem and would instead use your funds to finish a project for someone else, hoping that profit finishes your job.

Always screen your tenants. Knowing who you are going to be renting your properties to is important. Run a background check. Make sure they don't have a spotty and irregular history with paying their rent on time. Finding out about your tenant's history can save you a lot of trouble later.

Before investing in any form of real estate, make sure you analyze the market and go out and do some research. Check out anywhere from 50 to 100 properties in your desired location and take notes in a spreadsheet. The things you should be looking at are the current prices, repair budgets, and expected rent. This can help you sort the good deals from the bad ones.

Remember that there are always more fish in the sea. It is easy to get your heart set on a certain property or deal. However, if that one deal takes too much time and effort, it is not really a deal in the first place. Move on and make sure you do not miss out on the other great investments out there.

Do not be afraid to spend money on marketing. It is easy to just focus on the numbers and get fixated on how much marketing is costing you. However, it is important to think of the marketing as an investment in and of itself. If done the right way, it will only benefit you in the end.

Don't buy your real estate in a neighborhood that's bad. Be sure you're noticing the location where you're buying your property. Do the research needed. Try to avoid areas with a lot of crime. You might have trouble reselling, and vandalism may be problematic.

Not all crooks roam the streets of the country's cities. Many spend their Time from the production plants of organizations. There,
disguised as honest taxpayers, they shoplift and pilfer whatever comes to hand, frequently tampering with records to cover up
their thefts.

To prevent pilferage, an owner-manager must recognize that some employees Cannot be trusted and make all employees aware he or she
is taking measures to outlast dishonest personnel. Such steps include establishing a system of loss prevention (apparatus and
processes ), restarting the machine , and auditing it frequently to discourage unethical workers who attempt to bypass the
machine.

To steal or not to steal? That's the question facing employees in plants. Many workers answer that question nearly unconsciously.
They see items lying around and pick up them for their own use.

They slide small hand tools in their pockets. Or they dip into the bin for A fistful of bolts and nuts or snip off a couple of
feet of wire for a home repair job.

However, not all workers who pilfer are nickel-and-dime thieves. Some are Professionals who carry off thousands of dollars worth
of equipment and materials.

One reason for pilferage is lost trust. Many owner-managers of small Companies feel near their employees. Some regard their
employees as partners. These owner-managers trust their people with keys, a secure combination, money, and records.

Thus, these workers have the tools that a burglar or embezzler Needs to get a prosperous crime.

Unfortunately, some of the"trusted" employees in many small businesses Are bigger partners than their bosses anticipate. Unless
you are taking active measures to prevent loss from in-plant pilferage, some are probably attempting to steal your business,
little by little, right from under your nose. Few indeed are the businesses where unethical workers aren't busily at work.
Ordinarily, these workers are protected by management's indifference or ineptitude as they steal a bit, steal a lot, but steal
first the gain, and the company itself.

Among the first steps in preventing shoplifting and pilferage is really for the Owner-manager to inspect the trust he or she puts
in employees. Is it blind trust that grew from close friendships? Or is it trust that's constructed in a liability that reduces
chances for thefts?

Along with misplacing trust, it is easy for an owner-manager to create An environment in which dishonesty takes root and thrives.
Just relax your bookkeeping and inventory control processes. Nothing deters would-be thieves like the understanding that inventory
is indeed closely controlled that stolen goods will be missed quickly.

And what about the plant where its ordinary practice to get a near relative or Just two of their boss to assist themselves out of
the stockroom without signing for the things they take? Soon this type of plant becomes a place where inventory shrinkage soars as
workers receive the message that record keeping is loose and controls are lax.

In a production plant, no materials and no finished goods ought to be Taken without a requisition or a elimination record being
made. Exceptions? Absolutely none.

Similarly, the owner-manager who does not exercise tight control over Invoices, purchase orders, removals (by way of instance, for
tools, materials, and finished products ), and credits is asking for embezzlement, fraud, and unbridled theft. Crooked office
employees and manufacturing and maintenance personnel dream about sloppily preserved records and un-watched inventory. Why make
their fantasies come true?

1 shipping platform worker's dream came true to the tune of $30,000 - The total number of goods he stole from his company. When
captured, he said,"It had been so easy, I truly didn't think anybody cared."

Let people know you care. Be aware of the stress that you place on loss-prevention.

This stage has to be driven home again and again. And with every restatement Of It - whether by a safety test, a change of locks,
the testing of alerts, a systems audit, or a notice on the bulletin board - you'll be sure that you're influencing that moment of
choice when an employee is confronted with all the choice-to steal or not to steal.

Also high on the list of invitations to thieving is haphazard physical Safety. Owner-managers that are casual about issuing keys,
locking doors, and changing locks are, in effect, inviting the unethical employee to the office or plant after work. But smart key
control and installation of timelocks and alerts are means of serving notice to crooked workers to play it straight.

Sometimes profits go out the window - literally. For example, one Distributor caught"trusted" employees lowering TV sets and tape
recorders from a third-story warehouse window to confederates below. Unfortunately they weren't caught until they'd milked their
manager of thousands of dollars worth of product.

But more frequently, the industrial thief uses a door rather than a window. And The doors that a plant has, the more paths of
thieving it offers.

The plant that is designed for maximum security will have a minimum number Of active doors and a manager or shield, if warranted,
stationed near each doorway. Furthermore, a supervisor should be current if materials or finished goods are being received or
shipped and when trash is being removed. As long as a door remains open, a responsible employee, a manager, or a guard should be
there.

Central station alarm systems should be utilized to shield a plant after hours. Their objective is to record door openings and
closings and to investigate unexpected openings. Timelocks will also be designed to record all of openings.

A record of door openings can be significant because the dishonest employee Is frequently a professional at"busting out"
(concealing and leaving the plant after closing hours). If your plant isn't shielded against break-out, you can be hurt badly
because this method of operation allows a thief to work pretty much in his or her own pace.

After-hours thieves put out of commission that the alert system that works Beautifully against break-in. They could often leave by
doorways armed with snap-type locks-doors which don't need keys in the insides. Instantly and easily, they could pass products
outside and then snap doors shut behind them. Thus, they leave no evidence.

A motion sensor, electric eye, or central station alarm will discourage such thieves. You can also discourage break-outs with
locks that need keys on both Sides, provided that fire regulations do not prohibit such locks. When goods, Materials, or cash are
missing and signs of forced entry is lacking, begin To search immediately for the interior burglar, the dishonest employee.

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