To be a successful property manager you need quite a few skills. You need to be able to keep yourself organized, communicate clearly, be patient, know the market, and think about the future. Here are a quick few tips to help you become a successful property manager and boost your property management career: Continue reading “How to be a Successful Property Manager”
What are credit reports?
Credit reports contain personal information. Information like one’s address, payment history, where one borrowed money from, and what one borrowed money for are a few examples. This information is collected over time by credit reporting agencies or also called credit bureaus. Like in school, depending on how well one performs in different classes, one’s grade is either good, bad, or in the middle. This is almost like credit reports because depending on how well one can manage one’s accounts, payments, and loans one receives a good or bad credit score. Continue reading “What Affects Your Credit Report?”
What is Debt Service Coverage Ratio?
Debt service coverage ratio or also called DSCR, is a ratio that is used by almost all commercial lenders. So why is the DSCR one of the most crucial factors lenders use to judge the risk level of your business or investment property loan? Continue reading “Debt Service Coverage Ratio”
What is Capitalization Rate?
Capitalization rate or sometimes called cap rate, is a rate that is found by taking a property’s annual net operating income and dividing it by the property’s current value. So why is capitalization rate so important, and why is it used by almost every real estate investor? Continue reading “Capitalization Rate”