Because of that they decided to put their vision into completion, and in just a short time they opened their very own shop called Mathis Brother Furniture, a depot that houses the best line up of mattresses, beddings and all sorts of home furnishings. Since the two brothers are organically business minded, they did everything in their power to put their brand to the Oklahoma community, and with hard work and dedication they were able to bring the store to great heights.

As the year passes, the business had its ups and downs in terms of sales and revenue, but that didn’t stop the two brothers to finish what they have started. However, after working for the shop for a decade or less, Bud Mathis decided to venture out in other business opportunities, he wanted to try out his skills and knowledge in business in other places. With that in mind, Bud left the company and also left the entire business to Don, and even though Don was proclaimed sole owner of the business entity, the family legacy still continued to do operations. Mathis Bros trademark remained stagnant in the market, and by the time Don had two sons named Bill and Larry, he taught these two boys about their family business, and it has surprised Don that the interest of his sons with his passion is innate.

Finally, when the second younger generation of Mathis Brother grew while seeing their dad operate the business, when they reached legal age, they decided to buy the company from their father. Don couldn’t be any happier with his sons’ passion in what he does best; he transferred all the title, papers and documents to his sons. Thus the birth of the furniture shop was once again relived by these two younger brothers, the shop even became more successful with their new slogan and mission “Everyday Low Prices” it was this motto that attracted a whole new batch of clients to their products.

The definition of luxury real estate is changing. Back in the day, a luxury home or real estate is a property priced at the upper 5-10% of the real estate market. This may be true today, as not everyone can afford deluxe cottages and extravagant mansions that new luxury home builders create. These builders simply extended their services to accommodate the growing demand for bigger homes. Today, they offer to build quality custom single-family homes and townhomes as well.

New luxury homes for sale are perfect for those who can afford it because you will be getting only the highest quality. Most luxury home builders have their own in-house architect that design energy-efficient yet still comfortable houses. They also offer extensive warranty for each property they build. They will conduct repairs for free during the first year, fix mechanical systems such as electrical wiring and plumbing the next, and offer warranty for structural elements by the tenth year.

New luxury home builders follow a strict process when offering their services to homebuyers. Familiarize yourself with some of the basic steps to acquiring your own lavish property.

Selection and Financing. The first step to finding any home is shopping around for builders and their designs. You will choose your own site and floor plan at the beginning. Their in-house architects will then ask about the customizations you want. You will then discuss financing options. Many builders offer their own in-house mortgage, making their company a one-stop shop for homebuyers.

Pre-construction Planning. Your builder will assign a project manager who will guide you through the entire process. Together, you will create a schedule and set different milestones. You will use these milestones later on to gauge whether or not the construction is going on time. They will ask you to review your selections one final time before beginning the building process. Part of the pre-construction planning is taking you to the site. They will explain your layout and give you an initial idea of how big your luxury house will be.

Pre-Drywall Inspection. You will not have to be there for the inspections the law requires, but builders will ask you to inspect the framing before they install the drywall and any mechanical systems. You will see the quality of construction and get a feel of your home for the first time. Visiting the site at this stage of construction lets you adjust the design and make changes easily.

Pre-Settlement Walkthrough and Delivery. The next time you will see your home is when it is complete. Your project manager will familiarize you on the features of your new home, as well as address any questions and issues you may raise. You can move into your new home after the closing process with your contractors.

Post-settlement reviews. Respected home builders will not stop their service after they finish building your new abode. They will visit after a specific period of time has passed and check how you are settling in. You can ask them any questions regarding your home’s construction and features, which they will address promptly.

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The reason why expandability is such a bonus in regards to a steel building is because most buildings don’t have this feature. If you want to be able to build onto a building when you need to then it is imperative that you get yourself a steel building. My advice is to always think long term that way you don’t build something now and then in a year from now have to tear it apart in order to expand. Sometimes it is best to deal with what you have now and when the time is right build a big steel structure. Do yourself a favor and think long term.

What I would really like to make sure you know is that expanding a building is more valuable than most people realize. Did you know that in a recent study which asked people what they would change about their home 98% of all people said, “I wish it was bigger”? I bet you didn’t know that did you? Everybody wants a bigger house and that is why expanding on it is such a benefit. And on the other hand most office buildings wish they were bigger after a year of being there and that is why a steel building is such a benefit to them as well. Just remember that expandability is a valuable feature that you should take advantage of when at all possible. My last piece of advice is to just get a steel building so that you don’t have to worry about moving, you can just expand.

Look in the newspapers, MLS sales provided by your realtor, craigslist. This will tell you what people are selling land for in your area. This will not tell you the value of the land because sales prices are usually 3% to 30% below listing prices. But if you find the address of these listings and begin graphing them, you will find patterns in your market area. Find the parcel number and begin cross referencing them with tax record or county record information.

Look in MLS (Multiple listing Service) in your area (you’ll have to talk to a realtor to get this information). Find out if the realtor will provide you with 20 closed sales on land in the area that is in the area that you’d like to find the value. Once you have comparable sales, it will relatively easy to determine the land value. Simply select the homes that are most similar and most proximate to your piece of land.

Look on public websites, county websites, city websites or GIS websites, assessor websites. Many of these websites will provide you with prior sales history. If your home is located in a new development, the prior land sales will be listed in the section with the prior sales history. This is one of the best methods if you don’t have access to MLS. It will take a while to do the research, but it works really well.

Determine the value of the structures in your area and subtract the structures and the improvements. The final number will be the value of the land. Let me give you an example. Let’s say that you purchased a new home and you’d like to figure out the value of the land. It will cost you $135,000 to build a similar home to yours without the land. The total cost of the home located on the lot is $185,000. $185,000-135,000= $50,000. Therefore the land is worth $50,000. This works best in developments when you have similar homes to compare to yours and newer homes within the same development. This way there is little to no depreciation.

Another good way is to ask a Realtor. Many Realtors will provide free market research in an attempt to gain your business and sell you on a marketing plan when you need them. It is not rude to ask Realtors to help you. They consider this part of their marketing mix.

There you have it, five ways to help you find land value.

But it’s not fool proof. Not every commercial real estate venture is guaranteed to be a success. It takes a real estate investor doing routine due-diligence uncovering market trends and ensuring all things are in place to gain maximum return on investment.

1) Don’t focus on the price of the property when looking for potential real estate investments. Sure, the property may be attractive in terms of price, but if tenants don’t possess what it takes to have true staying-power, they won’t last in their location, and your investment won’t thrive. Look for tenants who have sound business models with good, clean records, and loyal customers. Look for tenants who have a record for good customer service.

2) Your investment will thrive with good, steady income. That means finding tenants who have good credit lines, little to no debt, and have a good track record for paying rent on-time. This includes finding tenants who are easy to get ahold of and are good about following up if there are any problems. No landlord wants to have tenants who are difficult to get ahold of.

3) Be a good landlord. Make sure you, yourself, are available at all times, should there be an emergency. Be prompt about returning phone calls and be thorough when it comes to what you expect out of your business relationship with tenants. That’s what you must think of this as – not just a business venture to make you money, but a true working relationship with your tenants.

4) Looking for opportunities to grow. Is there an available, distressed property close to a vibrant, growing downtown area, close to other businesses and local shops? This is a worthy investment opportunity. However, if it’s a distressed property where other nearby businesses are boarded up, you should strongly reconsider your investment.

5) Look for an area with a diverse economy and a multitude of local business industries. Don’t invest in an area or city that thrives only on one type of industry, such as a local power plant or auto manufacturing. Instead, go for an area where people are employed in a variety of industries.

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Property Management encompasses many tasks pertinent to respective businesses and commercial properties. For condominium complexes and apartment complexes, property management includes rent collection, tenant dispute resolution, collection and management of utilities, property landscaping, property repairs, and more.

For other types of commercial properties, including industrial warehouses and retail plazas, property management includes developing leasing agreements, collecting rent, maintaining the building’s exterior, maintaining the premises (including sidewalks and landscaping), and offering maintenance services for broken utilities.

With respect to the responsibilities of property management companies listed above, keep these tips in mind, no matter what type of property you own/manage:

1) Be thorough when it comes to signing contracts and have a licensed real estate agent who has experience in leasing agreements handle this process. Otherwise, you could find yourself in a legal jam or suddenly without a tenant.

2) Emphasize timeliness in rent collection, even offering incentives for those who pay early. Example: If rent is due by the 5th of the month, offer $50 or $100 off incentives for turning rent checks in prior to that day, with late fees occurring after the 10th.

3) Emphasize the importance of cleanliness on the premises, particularly outside and in areas shared with other businesses aka tenants. If one tenant continually makes a mess, it reflects negatively on the other tenants, pushes customers away, and can ultimately push values of your property down southward.

4) Always aim to resolve any disputes as quickly, cheerfully, and thoroughly as possible. If there is something that makes you uncomfortable in a dispute, there is nothing wrong with consulting legal counsel who can help you in through the process. This can include handling a dispute between tenants, handling a dispute over rent collection, or handling a dispute over an incident on the property.

5) Continually research ways to improve the value of your property. This includes doing your research on the local economy, new store openings, new company openings, and competitor property values.

6) Continually strive for feedback, when appropriate, from your tenants and your tenants’ customers. Is this location easily accessible for them? Are customers and tenants enjoying their overall experience visiting the businesses on the premises? What can be doing to make their experiences more enjoyable?

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One of the most important things is to keep the property in good order. Potential buyers will be looking for evidence that the home was cared for and if the lawn is not well taken care of or siding is coming off of the home it will be an immediate turn off or the buyer will value the house less than otherwise.

If you are not the handyman type of person it could be worthwhile to hire someone to fix up the property if there are several different problems. If everything is squared away you should be able to find a buyer more quickly and get one that values the property at a higher level than they would if there were work that needed to be done to the house or outbuildings.

If you plan to rent your home out and are going to advertise the fact there are a couple pointers about creating a rental listing that can help you. Many people advertise on sites like Craigslist and the results are mixed. The great thing about Craigslist is that it is a free forum but the quality of postings is quite low. This can actually be a good thing for you if you are willing to put in a little more work than most people since you can create a listing that will stand out from all the others and attract more prospective tenants. There is also a good chance that a quality listing will attract better tenants.

To make your rental or sale advertisement better than the rest first follow the tips above about doing property cleanup and repairs. Then you can move on to taking some quality photographs of the property. Many people make the mistake of taking photos at a time of day when the light is not favorable and the results make it hard for potential renters to determine the type of house as well as the layout and location.

When you take your pictures for the listing you may want to think like a prospective tenant will think. Remember that they will be viewing the ad online and will not know all about the area like you will. Try to give them a good sense of the interior and exterior layout of the home as well as what the surroundings are like.

Besides pictures a good description is also important. Again, if you think about the questions a tenant is likely to ask you can respond to most of the potential inquiries right in the ad and avoid time consuming back and forth emails or phone calls regarding basic information about the property.

Hopefully these tips will be helpful in your efforts to rent or sell your home. Remember to create an impressive listing and you should get excellent results!

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Only hire a real estate agent with investment property experience. This will ensure they understand the type of property needed. Investors of rental property can “flip,” rent or sell the property in the near future. An experienced agent will be able to find the property suited for your needs.

2. Not having cash flow from day 1

Successful rental property equals cash flow plus appreciation. It is important for an investor to have positive cash flow in order to be able to take care of the property. Also, when the market has a downturn and appreciation isn’t possible – cash flow is king!

Interest rates fluctuate therefore it is important to review the type of loan you have on the property on a regular basis. Different types of loans can make a difference in whether a property has cash flow or not. Be sure to ask several different lenders about available loan products, terms and rates on an annual basis.

3. Not properly screening prospective tenants

Never go by your gut. Always get permission from the tenant to conduct a thorough background investigation including credit information, criminal and civil records, employment verification and landlord references. Ensuring a tenant can and will pay rent on time, take care of the property and be respectful to their neighbors will eliminate problems once tenancy begins.

4. Not being prepared to be a landlord

Being a landlord isn’t easy. Rental property investments is just like owning a small business and as the owner you need to be prepared to be able to work with tenants, handle the finances, market your property, understand the laws and take care of the maintenance on your property. Join a local association of rental property owners to become educated about rental property management or hire a property management company.

5. Waiting too long to collect rent

Usually the landlord is not helping the tenant by allowing a tenant who can’t afford the rent to stay. Once a tenant become late in paying rent it is very hard for them to catch up again. Many landlords wait several months before considering an eviction and by then they are usually angry and upset. Let every tenant know upfront that rent collection is taken seriously and every tenant late in rent will receive a notice to pay rent or vacate.

6. Not actively managing their property

Rental property needs to be actively managed. That means regular contact with your tenants and regular care of the property. The benefits of active management include long-term tenants, lower maintenance and repair costs, improved property values, peace of mind and appreciative neighbors.

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How many wells are on the property? Most acreage properties will not have access to public utilities. Acreage properties can have several private wells that range from a few dozen to hundreds of feet deep. It is important to know the location and depth of each well and to have the water tested for contaminants.

Is the septic or private sewer system in compliance? Most rural properties do not have access to a public sewer system and will have a private septic or cesspool located on the property. Sometimes these systems do not work properly or meet the current standards set by local governments to protect the groundwater from contamination. It is important to ask for an inspection or current compliance report.

Is Hunting Allowed? Many people mistakenly assume that because they are purchasing an acreage property they will be able to hunt on the land. It is very important to check with local governments in regard to the hunting rules and to verify whether a landowner is allowed to hunt on the acreage. Many municipalities do restrict firearm usage and it is possible that even with a larger acreage parcel, that hunting is forbidden. Also, in areas where hunting is permitted, landowners may not want others to hunt their private land and it is then important to post “No Hunting” signs to warn other hunters that the land is private and not open to other hunters.

What Wildlife is in the Area? Depend on the local, rural acreage properties will be home to assorted wildlife. Some animals and birds are fun to experience so close to home like white-tailed deer, rabbits, blue jays, cardinals, hawks, barn owls and bald eagles. Yet some are not so welcome like raccoons, coyotes, wolves, black bears. Understanding what wildlife is in the area can ease the fears of a transition to a rural atmosphere.

Is there Cable, Cell Phone and Internet Access? Most families cannot survive without access to favorite television programs, social media and cell towers. Not all acreage homes have access to all the amenities that are available in the city.

Is there a Propane Tank or Natural Gas? Like other utilities, many acreage properties are not connected to a natural gas resource. Many rural properties will have a propane tank on site that requires periodic refills to heat the home. In some cases, fuel oil is still used at older homes on acreage and hobby farms.
There are many differences between living on a city lot and an acreage property. Before making an offer on a rural home or hobby farm, it is essential to ask the right questions.

First, you need to have a deep level of familiarity with the real estate firm you are working with. You need to know what exactly they mean when they say things like “this property has plenty of space” or “negotiations with the other party went pretty well.” These are subjective phrases that can mean different things to different people. Be sure you and the firm you are working with are on the same page.

When it comes to getting an appraisal for the commercial office space you are thinking of acquiring, there is one thing that is quite different from a residential real estate transaction; most banks require the borrower (you) to order the appraisal. If the appraisal was ordered by a third party, in most cases it will be disallowed by the bank. So make sure you are prepared to take this step yourself.

When you are considering multiple properties, it is wise to keep some kind of checklist to compare the various features, benefits and drawbacks of each. This is a big part of being well organized. Having a side by side comparison of all the properties under consideration can be a great help in making a quicker and better informed decision on which property comes closest to meeting all your needs.

Cleanup can be a big issue with commercial real estate properties. Unlike residential, getting into a commercial property deal often carries the requirement to get rid of waste that is not always environmentally friendly. When it becomes clear that this will be a concern, it is a good idea to hire an environmental assessment firm to perform an analysis and create a detailed report of what needs to be done and the costs involved. The report itself may be somewhat costly, so it is best to wait until you are very serious about buying the property before ordering it.

Access to various utilities is another factor that needs to be considered. Since you will likely be using the commercial property for a different purpose than the previous owner/s, you need to make sure you will have access to an ample amount of electricity, water, sewer, gas, internet speed, and whatever other resources will be needed to make your operation run smoothly.

Finally, think about your future. If you’re in business, you’re plan certainly is not to remain static. Your long-term goals are most likely to grow at a healthy rate over the coming years. Make sure you take a good look at your future growth plans and factor those into your assessment of whether or not the commercial real estate property under consideration will suit your needs not just now, but into the foreseeable future.