Joel Owens
Restaurant subject that was posted recently.
11 May 2012 | 0 replies
All of this and many other factors need to be considered running a restaurant.The biggest issue a one off restaurant faces is food quality and pricing.Small places can't order in massive quantities so do not have long term food contracts locked in at a set price like chains do.Instead food cost fluctuations can hurt a small restaurant plus the quality you get from a supplier might be good one week but the next a new company came in to the food supplier and gave them a cheaper deal to use their product and try it out.The new product may be better,the same, or worse.The problem is you pay the same price and charge the customer the same price as before but it might not taste as good.I don't know how you will buy this restaurant as you have no experience as an owner.You can't just open a restaurant and expect people to come in.A few will but not enough to make a great business.You have to pound the ground and press palms and get the product with free samples into people's mouths.This will generate buzz for your restaurant and create customers with a relationship.Customers are habit creatures.Get them a great experience,great food,decent price and you will get repeat business.
Brad Uricchio
Adding sufficient "new" value to a rehab?
6 August 2012 | 12 replies
I would never lie to an appraiser but it is our job to promote our finished product in the best way we can.
Lance H.
Real estate agent property management liability
23 August 2012 | 6 replies
The question is people that are predators usually do not have a nickel to their name and want to use an attorney on a pro bono (free until money is won) basis.The attorney will not take the free case and allocate their time if they believe they cannot get the insurance company to pay some money to go away or they will lose in court with a weak case.If you have someone that already has a bunch of money and is not thinking straight of course many attorneys will take their money and file knowing their client cannot win.So suing,winning damages in court,and COLLECTING MONEY from those damages are 3 totally separate things.What court does is suck away time and money and takes away from your productivity in business.You would want an LLC or otherwise just for an extra layer of protection and for tax purposes and business write offs.Your brokerage E and O you would need to look up maximum coverage,deductible,and exclusions in the policy.No legal advice
James Collins
Rental business LLC?
9 November 2012 | 42 replies
There products and ability to work with someone like me was a big reason I went with them.
Lupe Santiago
Opinions! Where do you go for financing? How do you source it?
6 November 2012 | 1 reply
Once you lend to a couple high-profile investors (and if your product is good), they'll refer you to their colleagues and your network will grow quickly.Good luck!
Uwe K.
Re-keying after tenant change?
11 February 2013 | 19 replies
I do as Bryan A. said - use same brand and just change outside parts that have key slots; tenants comprehend that the old key no longer has any chance of opening locks that are physically changed this way.I have seen the landlordlocks.com product demo'd in person, and that is the way to go once you get lots of units - mainly because you still can have a master key that accesses any lock.
Raquel Baranow
IRS is Auditing My Real Estate Business
5 January 2013 | 19 replies
When I said "by that industry" I was referring to the farming industry as a whole.I highly recommend reviewing these links for more information.Chapter 11http://www.timbertax.org/publications/aghandbook/AgHdbk718.pdf Operating Expenses and Carrying Charges The rules for deducting timber-related operating expenses and carrying charges, as set out in Chapter 5, apply as well to Christmas tree production if the trees in question are more than 6 years old when cut or sold.
Ashwin Bhavikatti
Tenant Screening service
30 January 2013 | 2 replies
Hey Ashwin Bhavikatti - We just published an incredibly comprehensive guide on Tenant Screening, and in it, we also share a tutorial for using one of our partners that we believe, has the best screening product available right now.
Nathan Ryder
Is Real Estate Options a Good Tool?
25 March 2013 | 27 replies
But using two seperate contracts always works and using a contract that incorporates a lease and an option only in limited situations simply is nothing more than a seperate product to be marketed, it serves no unique function that would not be accomplished with two agreements.You need to begin at the beginning to understand concepts used to buy, use or control a property.
Brian Curley
Real Estate Crowdfunding - Can it work?
10 March 2014 | 24 replies
It's a great product and it can be difficult to find 12 or 13% annual returns elsewhere that are secured by actual hard assets.