tag:blogger.com,1999:blog-43199678501326057842024-03-06T14:02:01.691-06:00Landmark GroupOmaha Real Estate, Houses for Sale, Commercial Real Estate, Multifamily Listings, Property Management, Houses for Rent, Realtors, Dino's Storage, Storage, Self-Storage, Storage Unit AuctionsDave Paladinohttp://www.blogger.com/profile/17952419681945797061noreply@blogger.comBlogger411125tag:blogger.com,1999:blog-4319967850132605784.post-40017931010332601502015-06-19T07:44:00.000-05:002015-06-19T07:45:49.680-05:00What You Need To Consider When Hiring a Property ManagerOnce you have actually found a good rental, the next step is to pick a great property manager. In searching, you want to do a thorough interview, and in doing so, you will be able to determine if they are worth working with. Here are some questions to keep in mind when choosing a property manager:<br />
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<b>How do they control maintenance costs? </b><br />
Make sure the manager has you approve a list of vendors, which will include a plumber, handyman, electrician, painter, etc. Ask your manager to contact you only if a certain project goes over the maximum expense. <br />
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<b>How do they advertise vacancies?</b><br />
As a landlord, your goal is to have maximum exposure for your vacancies to shorten the time that a rental goes unoccupied. A good manager will be aggressive n their advertisements. You don't want your property staying vacant for too long. Aim for free advertising, like Craigslist or Facebook.<br />
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<b>How do they show properties?</b><br />
The process used to show properties describes whether they will be successful or not in obtaining quality tenants. For example, if your manager only shows properties 8-5, this decreases your odds of getting a tenant with a day job.<br />
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<b>How does the company screen tenants?</b><br />
Ensure in-depth credit,criminal, employment, and prior residency checks, these checks can find any negative history and keep you from some big losses. All it takes is one bad tenant to turn you off to rental properties. <br />
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<b>How does the company deal with accounting and owner reports?</b><br />
Your property manager should have a quick system to provide all lease expiration data on your properties, move-in/move-out inspections, lease documents, open work orders, and tax information.<br />
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<b>How does the manager deal with after hour emergencies? </b><br />
Most property managers will have a 24 hour maintenance emergency line to handle requests immediately. Be sure the manager has a line and it is staffed 24-7.<br />
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<b>How do they deal with evictions?</b><br />
Ask your manager how often they file for eviction on their current properties. Usually a high rate of eviction can determine that the manager is not accurately screening applicants. A renter should be able to pass a basic credit check and have an adequate landlord reference.<br />
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As a property investor you have the choice of managing your properties yourself or delegating the <span style="font-family: Times, Times New Roman, serif;">day-to-day operations to managing agents. It is critical that you choose your manager wisely as the company can considerably increase the return from your property. </span><br />
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<span style="font-size: 12pt;"><span style="font-family: Times, Times New Roman, serif;">Whatever
type of property you need – residential, retail, office, wholesale or
industrial – we at <b>Landmark Group</b> can help you buy, sell, maintain or
renovate. We can also help you manage your property. Just give us a call.</span><span style="font-family: Arial, sans-serif;"><o:p></o:p></span></span></div>
<br /><div class="blogger-post-footer">Landmark Group - www.landmarkomaha.com - 402.553.8111
Your intelligent real estate expert!</div>Dave Paladinohttp://www.blogger.com/profile/17952419681945797061noreply@blogger.com0tag:blogger.com,1999:blog-4319967850132605784.post-55432279065483852182015-05-13T10:21:00.000-05:002015-05-13T10:21:44.761-05:00Managing Time Tips for Property Managers<span style="font-family: Arial, Helvetica, sans-serif;"><span style="background-color: white; color: #363f48; font-size: 16px; line-height: 27.423999786377px;"><b>Property managers face a burdened workload, constant interruptions, a deluge of information, and tenant issues – in short, there is always too much to do and never enough time to accomplish it. </b></span><span style="background-color: white; color: #363f48; line-height: 27.423999786377px;">One of the biggest challenges for property managers is to complete all tasks efficiently and accurately. Given the number of interruptions you get during the day, completing a fraction of must-do tasks is remarkable. </span></span><br />
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<span style="background-color: white; color: #363f48; line-height: 27.423999786377px;"><span style="font-family: Arial, Helvetica, sans-serif;">Property mangers deal with a number of issues including: negotiating leases with existing and prospective tenants, chasing payments, addressing maintenance problems, keeping the property owner up to date, and marketing and networking. A jam packed schedule has the potential for disaster. In the midst of all of the activities, moving from one task to another without completing any of the priority issues. </span></span><br />
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<span style="font-family: Arial, Helvetica, sans-serif;"><span style="color: #363f48;"><span style="line-height: 27.423999786377px;">Build each day around a simplistic plan that allows you to complete priority tasks first thing in the morning. </span></span><span style="color: #363f48; line-height: 27.423999786377px;">Handle high priority problems immediately and when possible, delegate work. </span><span style="color: #363f48; line-height: 27.423999786377px;">Afternoons should be reserved for activities out of the office. This includes meetings with vendors, landlords, tenants, and property inspections.</span></span><br />
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<span style="color: #363f48; font-family: Arial, Helvetica, sans-serif;"><span style="line-height: 27.423999786377px;">Simplicity and time management is the key to an effective workday. It is inevitable that you will encounter days when this plan will not be achievable due to some unintended event; however for every hour you devote to planning, you’ll save 3 to 4 hours from poorly managed tasks, so it definitely pays off to stick to a schedule.</span></span><br />
<br /><div class="blogger-post-footer">Landmark Group - www.landmarkomaha.com - 402.553.8111
Your intelligent real estate expert!</div>Dave Paladinohttp://www.blogger.com/profile/17952419681945797061noreply@blogger.comtag:blogger.com,1999:blog-4319967850132605784.post-57270422833587442862015-05-11T13:58:00.000-05:002015-05-11T13:58:32.556-05:00Property Manager's Guide to Advertising<b>Key words and elements included when advertising a rental property can be the difference between good tenants and destructive tenants. </b>Here is some important information to include in your advertisements: <br />
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<b>#1. Contact information</b><br />
The more available you are, the more potential tenants will trust you as a responsible and considerate manager. Be sure to provide a phone number where you know someone will always be able to answer. <br />
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<b>#2. Specs and Amenities</b><br />
Most property advertisements only list the square footage. At minimum, always list the property’s square footage and the number of bedrooms and bathrooms it has. Expand upon the specifics of the rental with details such as appliances, floor coverings, closet space, and so on. Desirable items you’d want to highlight might be an in-unit washer and dryer, out door space,<br />
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<b>#3. Rental Amount</b><br />
When advertising a rental property, be careful to only charge the market rent, or slightly less. This is regardless of what overhead or costs are attached to the property. Some tenants can be quite familiar with the market, and may not even consider looking at your unit if the price is too high above market. <br />
<b>#4. Location</b><br />
Location is a big priority for most people. With the technology of GPS, it is extremely helpful for potential tenants to have the exact address. It is also wise to include the cross-streets. Some advertisements only include a general area, know your area and keep this in mind when listing your advertisement. <br />
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<b>#5. Pet Policy</b><br />
Whether or not you allow pets will likely be a huge factor as price and location, studies show a vast majority of renters have a pet of some kind. If you have breed or size restrictions, say so. Make your pet policy AS clear as you can in advertisement to avoid confusion or conflict later on. <br />
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<b>#6. Screening Process and Background Check</b><br />
It can save you a considerable amount of time and money if you are upfront about the fact that you intend to run a background check on applicants. if you explain that you will require references, you will weed out the tenants with a poor rental history. <br />
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Use your word choice wisely to attract the tenants that are right for you. You want to include accurate information that isn't misleading or deceptive, the main goal is to make sure your ad stands out from the rest.<br />
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<b><br /></b><div class="blogger-post-footer">Landmark Group - www.landmarkomaha.com - 402.553.8111
Your intelligent real estate expert!</div>Dave Paladinohttp://www.blogger.com/profile/17952419681945797061noreply@blogger.com0tag:blogger.com,1999:blog-4319967850132605784.post-72961718452059574672015-02-11T12:47:00.000-06:002015-05-13T10:22:09.673-05:00Millennials and the Market<span style="font-family: Arial, Helvetica, sans-serif;"><span style="background-color: white;"><span style="color: #4b3c39; font-family: nimbus-sans;"><span style="line-height: 18px;">Millennials, the most widely analyzed generation since the Baby Boomers, are changing the real estate market and how we buy and sell homes. This age group, born between 1980 and 1995, are frugal, careful decision makers, coming out of the worst recession and real estate market in decades. Despite this, research suggest Millennials are the fastest growing demographic in the real estate market. </span></span></span><span style="color: #4b3c39; font-family: nimbus-sans;"><span style="background-color: white;"><span style="line-height: 18px;">Although Millenials have been sidelined by high unemployment, student loan debts, and tight credit- they have a different outlook on home ownership and long-term investments than previous generations. </span></span></span><span style="color: #4b3c39; font-family: nimbus-sans;"><span style="background-color: white;"><span style="line-height: 18px;">Millennials tend to research upfront regarding location and availability, their societal trends play a major role- as they wait longer to get married and start a family, life events that tend to spur home purchases.</span></span></span></span><br />
<span style="font-family: Arial, Helvetica, sans-serif;"><span style="color: #4b3c39; font-family: nimbus-sans;"><span style="background-color: white;"><span style="line-height: 18px;"><br /></span></span></span>
<span style="color: #4b3c39; font-family: nimbus-sans;"><span style="background-color: white;"><span style="line-height: 18px;"><span style="line-height: normal;">Millennials are not in a rush to buy their own homes. In fact, many of them are not in rush to move out of their parent's house. That doesn't mean, however, that they'll remain renters- or freeloaders in mom and dad's basement forever. If Millennials are going to buy in- or buy a home, the conversation about their motivation for purchasing a home needs to shift. This doesn't relate to the American Dream or the accumulation of things, this relates to growing wealth and having the ability to pay off student loan debt.</span></span></span></span></span><br />
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<span style="background-color: white; line-height: 18px;">One thing is for sure, young people have plenty of hurdles to overcome in regards to home ownership.</span></span><br />
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<br /><div class="blogger-post-footer">Landmark Group - www.landmarkomaha.com - 402.553.8111
Your intelligent real estate expert!</div>Dave Paladinohttp://www.blogger.com/profile/17952419681945797061noreply@blogger.com0tag:blogger.com,1999:blog-4319967850132605784.post-77293808547515800552013-11-12T11:01:00.000-06:002013-11-12T11:01:46.462-06:00Hiring People<div class="separator" style="clear: both; text-align: center;">
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This is the eighth installment of The 10 Steps to be Successful. In order to be successful you should hire people who are better at their job than you. That doesn't mean you shouldn't have a clue on what they are doing, but they just need to be better at it. For example: the bookkeeper, everything she does I can do, but she does it better. Same for my construction guy. When I first started I used to come up with the designs, then I found someone who does it better than me and I hired him.<div class="blogger-post-footer">Landmark Group - www.landmarkomaha.com - 402.553.8111
Your intelligent real estate expert!</div>Dave Paladinohttp://www.blogger.com/profile/17952419681945797061noreply@blogger.com0tag:blogger.com,1999:blog-4319967850132605784.post-3912463390156015582013-11-11T10:46:00.001-06:002013-11-11T10:46:25.568-06:00Organization<div class="separator" style="clear: both; text-align: center;">
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Organization is a great skill to have especially when it comes to the business side of things. If a company is unorganized it will make their job a lot tougher than if they had things in an orderly fashion. "My nine year old daughter and eleven year old son are very disorganized," like a majority of the world. Now a days people should not be unorganized because of the amount of technology and how much it progresses each day. We now have electronic scanners which makes filing things just that much easier and without the clutter of all of the paperwork. Having the advancement that we do in technology kind of gives us an unfair advantage over earlier generations, so you would think that businesses are more organized when we really have more of a mess. Everyone's favorite thing in the office should be there trashcan (recycling bin) because that is where all the clutter should go after it is scanned.<div class="blogger-post-footer">Landmark Group - www.landmarkomaha.com - 402.553.8111
Your intelligent real estate expert!</div>Dave Paladinohttp://www.blogger.com/profile/17952419681945797061noreply@blogger.com0tag:blogger.com,1999:blog-4319967850132605784.post-38336343243039007642013-10-14T12:48:00.001-05:002013-10-14T12:49:41.078-05:00Speed of Business<div class="separator" style="clear: both; text-align: center;">
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One thing a business needs to do to stay on top is change their business model. Now I know that not everyone is going to agree with that statement, but it's true. Take Blockbuster, Polaroid, and Myspace for examples. They were all great ideas that made a lot of sense, but they got out paced and out thought. UPS has a quote on the side of their vans that says, "Moving at the speed of business." Many people these days are not willing to change their ideas or businesses and if someone comes up with something better you're business has a chance of failing. In that case people need to open up to the idea of modifying their ideas, so they can stay in the game. When it comes to shooting most people are the "Ready, Aim, Fire" kind of people, but I am a "Fire, Ready, Aim" type of person.Instead of taking a long time to make a decision people need to adapt and make decisions faster.<div class="blogger-post-footer">Landmark Group - www.landmarkomaha.com - 402.553.8111
Your intelligent real estate expert!</div>Dave Paladinohttp://www.blogger.com/profile/17952419681945797061noreply@blogger.com0tag:blogger.com,1999:blog-4319967850132605784.post-91581953778738832512013-10-11T11:12:00.000-05:002013-10-11T11:12:30.139-05:00Learning Heart<div class="separator" style="clear: both; text-align: center;">
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Fifth step in being successful is to have a learning heart. A saying on a shirt goes, "Learn like you're going to live forever. Live like you're going to die tomorrow." You want to always have a learning attitude because there is a ton to learn while you are on this earth. As the saying goes... you learn something new every day. Another way to have a learning heart is to read; read as much as possible. As you get older it gets harder to read because reading is very time consuming, but you should try to read at least one book a month. The proverbs part of the bible has a lot of information in it and that is why I read a little part of it every day. You should also try to join a few networks because the amount of people you know will grow and there is a ton of stuff to learn from the different networks you join. Finally, just be a student of the game. Play it one move at a time and have fun with your learning heart. <br />
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<div class="blogger-post-footer">Landmark Group - www.landmarkomaha.com - 402.553.8111
Your intelligent real estate expert!</div>Dave Paladinohttp://www.blogger.com/profile/17952419681945797061noreply@blogger.com0tag:blogger.com,1999:blog-4319967850132605784.post-62117697872106766832013-10-01T08:44:00.001-05:002013-10-01T08:51:59.628-05:00Taking Risk<div class="separator" style="clear: both; text-align: center;">
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"If you really want to make a lot of money, look for as much risk as possible," Author unknown.<br />
This video is geared towards younger people, but who is to say how young. You can start whenever you are ready because the younger you are when you start taking risk the better. When I say risk I am talking about in the markets not with yourself. Someone who is 20 should take a ton of risk because if they fail they will have more time and a better chance at recovering versus someone who is 75 and making a ton of risky decisions. When I, Dave Paladino, was young I made a lot of risky decisions without even knowing it. Lets take an example: a 25 year old should make more risky decisions even if it takes them five years to realize that they are going to completely fail. After that failure they will only be 30 years old and have the rest of their lives (40+ years) to recover. Now lets look at someone who is 75 years old making some risky decisions. If this person were to fail they may only have ten years to recover and will most likely not do very well. Most people these days are afraid to take risk, but that is the best way to get ahead of the game. Pastor Mark Ashton once said, "Centenarians, people who are 90 years+, wish they would have done three things differently in life. They wish they would have left the legacy, reflected more, and taken more risk."<div class="blogger-post-footer">Landmark Group - www.landmarkomaha.com - 402.553.8111
Your intelligent real estate expert!</div>Dave Paladinohttp://www.blogger.com/profile/17952419681945797061noreply@blogger.com0tag:blogger.com,1999:blog-4319967850132605784.post-85044610781031661262013-09-30T08:27:00.000-05:002013-09-30T08:27:03.524-05:00Third Step to Success<div class="separator" style="clear: both; text-align: center;">
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To be a successful person there are ten steps to follow. The third one deals with failure. Some people think that the most important indicator is your ability to handle failure. In order to be able to handle failure you can read about it in the book Failing Forward by John Maxwell. Thomas Edison says, "If you want to be successful, double your failure rate."<div class="blogger-post-footer">Landmark Group - www.landmarkomaha.com - 402.553.8111
Your intelligent real estate expert!</div>Dave Paladinohttp://www.blogger.com/profile/17952419681945797061noreply@blogger.com0tag:blogger.com,1999:blog-4319967850132605784.post-36401095317932821912013-09-12T11:23:00.000-05:002013-09-12T11:23:01.694-05:00<div class="separator" style="clear: both; text-align: center;">
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Here is the second installment to our keys to success. Step number 2 is the 10000 hour rule and that means in order to be good at something you must do it for 10000 hours. You should get to 10000 hours as fast as possible and one way you can do that is to spend 100 hours of work a week if you can. If you do 100 hours a week it will take you two years to get to that goal. When you are really passionate about something you should work your hardest to become great at it.<div class="blogger-post-footer">Landmark Group - www.landmarkomaha.com - 402.553.8111
Your intelligent real estate expert!</div>Dave Paladinohttp://www.blogger.com/profile/17952419681945797061noreply@blogger.com0tag:blogger.com,1999:blog-4319967850132605784.post-28294144418546916782013-09-10T12:10:00.000-05:002013-09-10T12:10:39.694-05:00Omaha Mentors<div class="separator" style="clear: both; text-align: center;">
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A very important thing for a child to have in their life is a mentor. There are three different kinds of mentors: the accidental one, your boss, and one that you find. The accidental mentor is someone whose path you cross and they end up helping you find your way in life. Your boss should be a mentor because it will make your job more enjoyable and networking will become easier to do. If you spend a lot of time with your boss you can start to learn the ropes of life. The third kind of mentor is one that you look for. In Omaha there are many places that you can volunteer at and be mentor for children. Two of the biggest mentoring agencies in Omaha are Big Brothers Big Sisters and Teammates. Each of these programs are very important and play a big role in the community.<div class="blogger-post-footer">Landmark Group - www.landmarkomaha.com - 402.553.8111
Your intelligent real estate expert!</div>Dave Paladinohttp://www.blogger.com/profile/17952419681945797061noreply@blogger.com0tag:blogger.com,1999:blog-4319967850132605784.post-54142640862324726192013-07-12T14:00:00.000-05:002013-07-12T14:00:00.745-05:00Jose Beltran Most Positive<div class="separator" style="clear: both; text-align: center;">
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Ephesians 4:29 "Do not let any unwholesome talk come out of your mouths, but only what is helpful for building others according to their needs, that it may benefit those who listen."<br />
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Lots of negative people have worked here, but they just need lots of encouraging talk to help deal with life. Jose Beltran is from Latin America. He has a suave accent, likes good looking cars, is VERY well dressed (probably doesn't own a t shirt), and has dark hair. Everyone loved him and he loved everyone. Jose would always give people hugs and encouraged them. He was just a very positive person.<div class="blogger-post-footer">Landmark Group - www.landmarkomaha.com - 402.553.8111
Your intelligent real estate expert!</div>Dave Paladinohttp://www.blogger.com/profile/17952419681945797061noreply@blogger.com0tag:blogger.com,1999:blog-4319967850132605784.post-49890038751278593752013-07-11T14:00:00.000-05:002013-07-11T14:00:04.154-05:00Hal Daub's Best You<div class="separator" style="clear: both; text-align: center;">
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Colossians 3:23 "Whatever you do, work at it with all your heart, as working for the Lord, not for human masters."<br />
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Hal was the Mayor once and Congressman twice. He made more of an impact in Omaha than anyone else has. Some of his projects include: West Dodge Expressway, Quest Center, TDAmeritrade Center, Heartland of America Park, and Rick's Boathouse.<div class="blogger-post-footer">Landmark Group - www.landmarkomaha.com - 402.553.8111
Your intelligent real estate expert!</div>Dave Paladinohttp://www.blogger.com/profile/17952419681945797061noreply@blogger.com0tag:blogger.com,1999:blog-4319967850132605784.post-64523048893263332502013-07-10T12:49:00.001-05:002013-07-10T12:49:54.126-05:00Cindy Paladino's Servant Heart<div class="separator" style="clear: both; text-align: center;">
<object width="320" height="266" class="BLOGGER-youtube-video" classid="clsid:D27CDB6E-AE6D-11cf-96B8-444553540000" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0" data-thumbnail-src="http://i1.ytimg.com/vi/KrHdL_FJPcA/0.jpg"><param name="movie" value="http://www.youtube.com/v/KrHdL_FJPcA?version=3&f=user_uploads&c=google-webdrive-0&app=youtube_gdata" /><param name="bgcolor" value="#FFFFFF" /><param name="allowFullScreen" value="true" /><embed width="320" height="266" src="http://www.youtube.com/v/KrHdL_FJPcA?version=3&f=user_uploads&c=google-webdrive-0&app=youtube_gdata" type="application/x-shockwave-flash" allowfullscreen="true"></embed></object></div>
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1 Peter 4:10 " Each of you should use whatever gift you have recieved to serve others, as faithful service stewards of God's grace in its various forms."<br />
Cindy Paladino really cared for others and wanted to please them. She did not care about her finances or comfort level as long as others were happy. Cindy and her husband, Kevin Paladino, founded three churches and they own the Complete music franchise in Austin.<div class="blogger-post-footer">Landmark Group - www.landmarkomaha.com - 402.553.8111
Your intelligent real estate expert!</div>Dave Paladinohttp://www.blogger.com/profile/17952419681945797061noreply@blogger.com0tag:blogger.com,1999:blog-4319967850132605784.post-41498111329824495892013-07-09T16:56:00.000-05:002013-07-09T16:56:51.986-05:00Core Value Overview<div class="separator" style="clear: both; text-align: center;">
<iframe allowfullscreen='allowfullscreen' webkitallowfullscreen='webkitallowfullscreen' mozallowfullscreen='mozallowfullscreen' width='320' height='266' src='https://www.youtube.com/embed/EaN71TzTxz8?feature=player_embedded' frameborder='0'></iframe></div>
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Our three core values are not only for my family, but the businesses I own as well.<br />
1) Have a Servant heart with discernment<br />
2) Have the burning desire to be the best possible version of ourselves possible<br />
3) Do not let any unwholesome talk come out of your mouth<br />
<br /><div class="blogger-post-footer">Landmark Group - www.landmarkomaha.com - 402.553.8111
Your intelligent real estate expert!</div>Dave Paladinohttp://www.blogger.com/profile/17952419681945797061noreply@blogger.com0tag:blogger.com,1999:blog-4319967850132605784.post-39223428312545457472013-05-01T17:17:00.001-05:002013-05-01T17:17:19.464-05:00Customer Service in the Pumpkin PatchA Blog based on the principles of The Pumpkin Plan: A Simple Strategy To Grow a Remarkable Business in Any Field by Mike Michalowicz
It goes without saying that customer service involves “customers”. After reading a review of Mike Michalowicz’s book: The Pumpkin Plan, I began to weigh the whole issue of customer service. How do I determine the best approach to customer service and handling the needs of my customers when my time is limited?
I first needed to look at my customer base and within that base what customers added the most value to my business. Then I needed to determine what customers were the worst and of the worst I would see what method I could put in place to ditch them (FIRE THEM!).
For the customers that added value to my business, I would nurture them; blow them away with customer service and let them know by my action how much I appreciate them. These are the customers that don’t require a lot of attention, and provide me with great referrals, and are not demanding.
For the customers that attempt to suck the energy out of me, I would FIRE THEM. I would show them the path to go somewhere else and suck the energy out of someone else (my competitor, perhaps). By firing a customer I am able to regain my TIME which is extremely valuable to me and my company.
Landmark Group provides property management services in the Omaha, Nebraska area and has served it’s customers for 25 years.<div class="blogger-post-footer">Landmark Group - www.landmarkomaha.com - 402.553.8111
Your intelligent real estate expert!</div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4319967850132605784.post-888968086380542522013-04-19T08:19:00.001-05:002013-04-19T08:19:20.815-05:00Painters/ house and homeHome Maintenance is often troubling and confusing. Who is reliable, will the work be satisfactory? The questions can be endless. Landmark Contracting has a wide scope of talent that can handle your maintenance needs whether they be large or small. When shopping for a contractor, why not give us a call? <br />
If you are considering having someone paint the exterior of your house there are some questions you will need to ask. Are you a registered contractor? Are you lead paint certified? What quality of paint do you intend to use? Who is responsible for the clean up?<br />
The interior of your house also generates questions. If the property is vacant the problems are different than one that is occupied. The occupied house needs the flooring and furnishings protected. The clean up is very important to the owner. Unoccupied homes are easier to paint but still a certain level of care must be maintained.<br />
Landmark Contracting is not limited to painting, we can help you with any and all of your property needs.<br />
Give us a call and we will be more than happy to visit you and give you and estimate for your requests. You will be pleased with the costs, as well as the quick and courteous service.<div class="blogger-post-footer">Landmark Group - www.landmarkomaha.com - 402.553.8111
Your intelligent real estate expert!</div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4319967850132605784.post-63850596835257144572013-04-14T12:23:00.000-05:002013-04-14T12:29:41.663-05:00Understanding Rental Operating Expenses.<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjh_y_zFp-o5im6yq45_Jma52UzJq2sHKSULGWvt5r27l5FwpLT-waaioUhTRQQRCghJRWSutpQa0v1CLfth6X8yw3bhck1rJ9EsrZLpmlx58BQ_xURX-ZmzgIXM81igfLO7KvMdWq7G-Q/s1600/iStock_000009885148Small-1.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="236" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjh_y_zFp-o5im6yq45_Jma52UzJq2sHKSULGWvt5r27l5FwpLT-waaioUhTRQQRCghJRWSutpQa0v1CLfth6X8yw3bhck1rJ9EsrZLpmlx58BQ_xURX-ZmzgIXM81igfLO7KvMdWq7G-Q/s320/iStock_000009885148Small-1.jpg" width="320" /></a><span style="background-color: white;"><span style="font-family: Verdana, Arial, sans-serif; font-size: 12px; line-height: 16.796875px;"> </span><span style="font-family: Verdana, Arial, sans-serif; font-size: 12px; line-height: 16.796875px;">T</span></span><span style="background-color: white; font-family: Verdana, Arial, sans-serif; font-size: 12px; line-height: 16.796875px;">he truth is that the vast majority of new real estate investors fail and they fail in a relatively short period of time. The number one reason they fail is that they don't understand operating expenses. Let me say that again - THE VAST MAJORITY OF NEW INVESTORS FAIL BECAUSE THEY DON'T UNDERSTAND OPERATING EXPENSES! </span><br />
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<span style="background-color: white; font-family: Verdana, Arial, sans-serif; font-size: 12px; line-height: 16.796875px;">Before we continue, we need to define operating expenses. Operating expenses are very simply those expenses that are associated with operating your business. Now, before we go too far, let me tell you that THIS definition of operating expenses is not strictly in line with the way that many accountants would define operating expenses, but my definition is a practical definition that includes ALL of the real world expenses that rental property owners incur. So, basically, operating expenses include all the expenses that we incur EXCEPT DEBT. In other words, operating expenses are ALL of the expenses except the mortgage payment (the principal and interest only). </span><br />
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<span style="font-family: Verdana, Arial, sans-serif;"><span style="background-color: white; font-size: 12px; line-height: 16.796875px;">Let me go a little farther and list most of the operating expenses that a typical landlord will have: property taxes, landlord insurance, management (even if you do it yourself), maintenance, advertising, vacancy expense, office supplies, utilities (even if only during vacancies), entity maintenance (LLC expenses), legal fees, evictions, set out</span></span><br />
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<span style="background-color: white;"><span style="font-family: Verdana, Arial, sans-serif; font-size: 12px; line-height: 16.796875px;">Now that you understand what operating expenses are, let's talk about the main thing that causes most new landlords to fail. Throughout the United States, operating expenses for rental properties run 45% to 50% of gross rents. To be conservative, let's just say 50%. This is whats call </span><a href="http://www.123flip.com/education/the-50-rule/" style="font-family: Verdana, Arial, sans-serif; font-size: 12px; line-height: 16.796875px;">The 50% Rule! </a></span><br />
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<span style="font-family: Verdana, Arial, sans-serif; font-size: 12px; line-height: 16.796875px;">So, now that we know the little secret of rental properties (how high the operating expenses are in the real world), how do we apply that knowledge? This is the beautiful part of The 50% Rule - its simplicity! We know that the operating expenses take 50% (half) of the monthly rents. If we carry that logic one step farther, the remaining half of the gross rents minus the mortgage payment (principal and interest only) will give us the cash flow for the property. If the cash flow is positive, you should make money over time. If the cash flow is negative, you will lose money over time. </span></span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgWC-_oflH-hunbrGXuRC3w31v1FC8YXIPesHM7Beviq-nqWcvcFIJtF9x0h669N_1EKZ5bngpZ_mB1cgD0bEpaX7OUo4te27Ninlq1QLI_hgptr5fouiCeDIK6cYJW4H2DFCm8kQaUPpM/s1600/bigstock_Real_estate_5911227.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="257" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgWC-_oflH-hunbrGXuRC3w31v1FC8YXIPesHM7Beviq-nqWcvcFIJtF9x0h669N_1EKZ5bngpZ_mB1cgD0bEpaX7OUo4te27Ninlq1QLI_hgptr5fouiCeDIK6cYJW4H2DFCm8kQaUPpM/s320/bigstock_Real_estate_5911227.jpg" width="320" /></a></div>
<span style="background-color: white; font-family: Verdana, Arial, sans-serif; font-size: 12px; line-height: 16.796875px;">Before we try a couple of examples, we need to define one more term: Net Operating Income. Net Operating Income, abbreviated as NOI, is the income from a property after the operating expenses are deducted but before any debt (mortgage payment) is paid. For instance, if we had a rental property that had a monthly rent of $1,000 and the operating expenses were $500 (from the 50% rule), then the NOI would be $500. SIMPLE!</span><br />
<span style="background-color: white;"><br style="font-family: Verdana, Arial, sans-serif; font-size: 12px; line-height: 16.796875px;" /></span>
<span style="background-color: white; font-family: Verdana, Arial, sans-serif; font-size: 12px; line-height: 16.796875px;">Now that you understand the basics, let's take a look at a couple of rental properties to see if they will make money (cash flow). </span><br />
<span style="background-color: white; font-family: Verdana, Arial, sans-serif; font-size: 12px; line-height: 16.796875px;"><br /></span>
<span style="background-color: white; font-family: Verdana, Arial, sans-serif; font-size: 12px; line-height: 16.796875px;">Example 1: </span><br />
<span style="background-color: white;"><br style="font-family: Verdana, Arial, sans-serif; font-size: 12px; line-height: 16.796875px;" /></span>
<span style="background-color: white; font-family: Verdana, Arial, sans-serif; font-size: 12px; line-height: 16.796875px;">This is a 3 bedroom, 1 bath, single-family house on a beautiful street. The house is located near a school and shopping center, and the area is generally considered to be a nice place to live. The purchase price for this property is $80,000 and the monthly rent is $800. Is this a good deal? Let's take a look: </span><br />
<span style="background-color: white;"><br style="font-family: Verdana, Arial, sans-serif; font-size: 12px; line-height: 16.796875px;" /></span>
<span style="background-color: white; font-family: Verdana, Arial, sans-serif; font-size: 12px; line-height: 16.796875px;">The gross rents are $800 per month. </span><br />
<span style="background-color: white; font-family: Verdana, Arial, sans-serif; font-size: 12px; line-height: 16.796875px;">The operating expenses will be $400 per month (per the 50% rule). </span><br />
<span style="background-color: white; font-family: Verdana, Arial, sans-serif; font-size: 12px; line-height: 16.796875px;">The NOI is therefore $400 per month (subtracting the operating expenses from the gross rents) </span><br />
<span style="background-color: white;"><br style="font-family: Verdana, Arial, sans-serif; font-size: 12px; line-height: 16.796875px;" /></span>
<span style="background-color: white; font-family: Verdana, Arial, sans-serif; font-size: 12px; line-height: 16.796875px;">The mortgage payment is found by entering the pertinent information into a mortgage calculator. Let's just assume that we are borrowing the entire $80,000 purchase price and that we get a loan for 30 years at 7% interest. With those terms, the mortgage payment (principal and interest only) is $532 per month. </span><br />
<span style="background-color: white;"><br style="font-family: Verdana, Arial, sans-serif; font-size: 12px; line-height: 16.796875px;" /></span>
<span style="background-color: white; font-family: Verdana, Arial, sans-serif; font-size: 12px; line-height: 16.796875px;">With this information, we can now find the monthly cash flow, which is determined by subtracting the mortgage payment from the NOI. Therefore, in our example, the cash flow would be $400 - $532 = - $132. In other words, we would LOSE $132 per month on this property! OUCH! </span><br />
<span style="background-color: white;"><br style="font-family: Verdana, Arial, sans-serif; font-size: 12px; line-height: 16.796875px;" /></span>
<span style="background-color: white; font-family: Verdana, Arial, sans-serif; font-size: 12px; line-height: 16.796875px;">Now, let's look at another example: </span><br />
<span style="background-color: white;"><br style="font-family: Verdana, Arial, sans-serif; font-size: 12px; line-height: 16.796875px;" /></span>
<span style="background-color: white; font-family: Verdana, Arial, sans-serif; font-size: 12px; line-height: 16.796875px;">Example 2: </span><br />
<span style="background-color: white;"><br style="font-family: Verdana, Arial, sans-serif; font-size: 12px; line-height: 16.796875px;" /></span>
<span style="background-color: white; font-family: Verdana, Arial, sans-serif; font-size: 12px; line-height: 16.796875px;">This is a also a 3 bedroom, 1 bath, single-family house. The house is located in a working class neighborhood that has many other rentals. The owner has lived in this house for more than 20 years, but lost his job about 6 months ago. He is DESPERATE to sell this house NOW and even though it has a market value of about $60,000, he is willing to sell it to you for $30,000, which is what he owes on his loan. He just wants OUT! The monthly rent is $600. Is this a good deal? Let's take a look: </span><br />
<span style="background-color: white;"><br style="font-family: Verdana, Arial, sans-serif; font-size: 12px; line-height: 16.796875px;" /></span>
<span style="background-color: white; font-family: Verdana, Arial, sans-serif; font-size: 12px; line-height: 16.796875px;">The gross rents are $600 per month. </span><br />
<span style="background-color: white; font-family: Verdana, Arial, sans-serif; font-size: 12px; line-height: 16.796875px;">The operating expenses will be $300 per month (the 50% rule) </span><br />
<span style="background-color: white; font-family: Verdana, Arial, sans-serif; font-size: 12px; line-height: 16.796875px;">The NOI is $300 per month (subtracting the operating expenses from the gross rents) </span><br />
<span style="background-color: white;"><br style="font-family: Verdana, Arial, sans-serif; font-size: 12px; line-height: 16.796875px;" /></span>
<span style="background-color: white; font-family: Verdana, Arial, sans-serif; font-size: 12px; line-height: 16.796875px;">Let's assume that we are borrowing the entire $30,000 purchase price and that we get a loan for 30 years at 7% interest. With those terms, the mortgage payment (principal and interest only) is $200 per month. </span><br />
<span style="background-color: white;"><br style="font-family: Verdana, Arial, sans-serif; font-size: 12px; line-height: 16.796875px;" /></span>
<span style="background-color: white; font-family: Verdana, Arial, sans-serif; font-size: 12px; line-height: 16.796875px;">With this information, we can now find the monthly cash flow, which is determined by subtracting the mortgage payment from the NOI. Therefore, in our example, the cash flow would be $300 - $200 = $100. In other words, we would MAKE $100 per month in positive cash flow on this property! That is good! </span><br />
<span style="background-color: white;"><br style="font-family: Verdana, Arial, sans-serif; font-size: 12px; line-height: 16.796875px;" /></span>
<span style="background-color: white; font-family: Verdana, Arial, sans-serif; font-size: 12px; line-height: 16.796875px;">To summarize: </span><br />
<span style="background-color: white;"><br style="font-family: Verdana, Arial, sans-serif; font-size: 12px; line-height: 16.796875px;" /></span>
<span style="background-color: white; font-family: Verdana, Arial, sans-serif; font-size: 12px; line-height: 16.796875px;">Throughout the United States, operating expenses run 45% to 50% of the gross rents. </span><br />
<span style="background-color: white;"><br style="font-family: Verdana, Arial, sans-serif; font-size: 12px; line-height: 16.796875px;" /></span>
<span style="background-color: white; font-family: Verdana, Arial, sans-serif; font-size: 12px; line-height: 16.796875px;">To determine the cash flow you'll get (over time) from a rental property, subtract the mortgage payment from one-half of the gross rents (the NOI). If that number is positive, you will make money. If that number is negative, you will lose money. </span><div class="blogger-post-footer">Landmark Group - www.landmarkomaha.com - 402.553.8111
Your intelligent real estate expert!</div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4319967850132605784.post-46449677218513618702013-03-29T15:47:00.001-05:002013-03-29T15:47:28.521-05:00What you should know when looking for the right apartment<div class="separator" style="clear: both; text-align: center;">
<iframe allowfullscreen='allowfullscreen' webkitallowfullscreen='webkitallowfullscreen' mozallowfullscreen='mozallowfullscreen' width='320' height='266' src='https://www.youtube.com/embed/kgDh89xzwFk?feature=player_embedded' frameborder='0'></iframe></div>
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It's beautiful, in Little Italy downtown with everything you've ever dreamed of. Hard wooden floors, a view of the city, all appliances included... But you are not the only one that has had that same dream of living there and that vision. So what can you do to make this reality happen? Here are a few helpful tips to secure exactly what you are looking for:<br />
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<li>Approach your rental search like you would a job search. Come to your appointment organized, serious, and professional. This will help you stand out as the most qualified for the unit you want. </li>
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<li>Know exactly what you want!!! Landmark posts all of their available rental properties on Craigslist, and all the details of the rental can be viewed there first. Be prepared to make a decision and act upon it, leave a deposit:cashiers check or money order. This will assure that the place is yours.</li>
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<li>Also, come prepared with the information you will need to complete the application prior address, landlord reference, and a personal reference. It is also important to have a copy of the most recent paycheck stub available, and a driver's license or other form of photo ID.</li>
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<li>Walk or drive around the neighborhood. Ask a neighbor what the area is like and if they like living there. While you are looking at the place to rent check out the parking areas, hallways, and the common areas of the buildings. </li>
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Covering all of your bases and making sure you are prepared can help make the rental process fast and successful. Making sure that you are completely satisfied with your new home is very important because it will be your home for a year or more. </div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj0kUeAOWWuuDl4fX14TDjUh1c6dUhsFk98Xq5jwlDOvnsABY__CtMvUPHLTYX6N92u1hMB03xkucoPihh8uyUtBEo3kbgR-KCh1jVd0ju65IL7glb9TCMfbDbg4D1Xuco8DCVZO-4CdYzN/s1600/SeirrA+fOX.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj0kUeAOWWuuDl4fX14TDjUh1c6dUhsFk98Xq5jwlDOvnsABY__CtMvUPHLTYX6N92u1hMB03xkucoPihh8uyUtBEo3kbgR-KCh1jVd0ju65IL7glb9TCMfbDbg4D1Xuco8DCVZO-4CdYzN/s320/SeirrA+fOX.jpg" width="320" /></a></div>
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<div class="blogger-post-footer">Landmark Group - www.landmarkomaha.com - 402.553.8111
Your intelligent real estate expert!</div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4319967850132605784.post-7361862275206020142013-03-29T00:54:00.000-05:002013-03-29T00:54:24.534-05:00Caffeinate or Nap?I found several interesting "tidbits" in the March Readers Digest.<br />
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An interruption of only 3 seconds doubles the chances of making an error in any task involving a series of steps. It'd be interesting to test that theory.<br />
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Now - if you need to know when to caffeinate or nap - according to Vanessa Gregory - this is what you need to do:<br />
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If your head hurts - you should drink coffee because caffeine improves the absoprtion of pain relievers - so the combination of an aspirin and a cup of coffee will help your headache.<br />
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If you want to run faster - drink coffee - caffeine boosts your endurance and speed.<br />
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If you're grumpy and sleep-deprived - you should drink coffee and take a nap (what can be better than that!!)<br />
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If you need to ace a test - take an hour long nap - that is as effective as a night of sleep in terms of storing information.<br />
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<div class="blogger-post-footer">Landmark Group - www.landmarkomaha.com - 402.553.8111
Your intelligent real estate expert!</div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4319967850132605784.post-39306505923596137102013-03-26T19:29:00.000-05:002013-03-28T10:49:26.713-05:00Is It Time For A Property Manager<div class="separator" style="clear: both; text-align: center;">
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<span style="font-family: Arial, sans-serif;">Renting a
property requires a broad skill set to match an ever-changing set of
challenges. What you might have been able to handle at one point in your career
as a landlord may alter over time.<o:p></o:p></span></div>
<div style="background: white; line-height: 14.4pt; margin-bottom: 9.0pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; vertical-align: baseline;">
<span style="font-family: Arial, sans-serif;">Read on
for the aspects of property management that might inspire you to call in
reinforcements to help you out.<span style="font-size: medium;"><o:p></o:p></span></span></div>
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<strong><span style="border: 1pt none windowtext; font-family: Arial, sans-serif; font-size: 14pt; padding: 0in;">Maintenance</span></strong><b><span style="border: 1pt none windowtext; font-family: Arial, sans-serif; font-size: 14pt; padding: 0in;"><br />
</span></b><span style="font-family: Arial, sans-serif;">If your stable of properties has grown, you feel like you’re
losing money on repairs, or you’re just short on time, you might want help with
property maintenance. Consider how a landscaping service might do more
work than you can comfortably, saving you hours that could be put to other use.<span style="font-size: medium;"><o:p></o:p></span></span></div>
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<strong><span style="border: 1pt none windowtext; font-family: Arial, sans-serif; font-size: 14pt; padding: 0in;">Interacting with residents</span></strong><b><span style="border: 1pt none windowtext; font-family: Arial, sans-serif; font-size: 14pt; padding: 0in;"><br />
</span></b><span style="font-family: Arial, sans-serif;">I</span><span style="font-family: Arial, sans-serif;">f you have a number of residents or have your properties
scattered throughout the area, collecting rent and dealing with all the issues
residents might have can become time-consuming. A reputable property management
company can take the headaches away by collecting rent, keeping units rented,
and dealing with resident problems. Property managers can also help you stay on
top of maintenance, legal issues and affordable housing program paperwork. The
peace of mind you get from the help will likely make the service worth every
penny.<o:p></o:p></span></div>
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<strong><span style="border: 1pt none windowtext; font-family: Arial, sans-serif; font-size: 14pt; padding: 0in;">Keeping up with laws</span></strong><b><span style="border: 1pt none windowtext; font-family: Arial, sans-serif; font-size: 14pt; padding: 0in;"><br />
</span></b><span style="font-family: Arial, sans-serif;">Housing law is in constant flux. From rent control to changing
codes, you need to be on top of it all to stay compliant. If you’re already
feeling overwhelmed, a real estate lawyer might make your life easier by making
sure you are up to date legally and that your property insurance provides
adequate protection, for instance.<o:p></o:p></span></div>
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<strong><span style="border: 1pt none windowtext; font-family: Arial, sans-serif; font-size: 14pt; padding: 0in;">Taxes</span></strong><b><span style="border: 1pt none windowtext; font-family: Arial, sans-serif; font-size: 14pt; padding: 0in;"><br />
</span></b><span style="font-family: Arial, sans-serif;">If you’ve been brave enough to manage your taxes on your
own, hats off to you. With a single rental property, there is a lot to keep
track of in terms of deductions and how much tax you owe. With more than one
property, the paperwork increases significantly.<span style="font-size: medium;"><o:p></o:p></span></span></div>
<div class="blogger-post-footer">Landmark Group - www.landmarkomaha.com - 402.553.8111
Your intelligent real estate expert!</div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4319967850132605784.post-66648140931747239542013-03-24T23:15:00.001-05:002013-03-25T09:49:10.391-05:00Stress on.. Life on Pause...<h2 class="separator" style="clear: both; text-align: center;">
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<strong><span style="color: #0b5394; font-size: x-large;"><em><u>Dealing with Stress...How do you Cope?</u></em></span></strong></div>
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Lately, I've been noticing the pressure of succeeding in my job taking a toll on my body. Physically and mentally. Ive Really noticed the changed coming down into this crunch time. Here is my take of what stress does to my head/body as well as tips on</div>
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<em><strong>"How to reduce Stress even when you are in stressful situation"</strong></em></div>
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Here are a few More tips that weren't mentioned in my blog, but I think can be useful when your in that "Stress Funk"</div>
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<li><strong>Learn how to say “no” – </strong>Know your limits and stick to them. Whether in your personal or professional life, refuse to accept added responsibilities when you’re close to reaching them. Taking on more than you can handle is a surefire recipe for stress.
<li><strong>Avoid people who stress you out</strong> – If someone consistently causes stress in your life and you can’t turn the relationship around, limit the amount of time you spend with that person or end the relationship entirely.
<li><strong>Take control of your environment</strong> – If the evening news makes you anxious, turn the TV off. If traffic’s got you tense, take a longer but less-traveled route. If going to the market is an unpleasant chore, do your grocery shopping online.
<li><strong>Avoid hot-button topics </strong>– If you get upset over religion or politics, cross them off your conversation list. If you repeatedly argue about the same subject with the same people, stop bringing it up or excuse yourself when it’s the topic of discussion.
<li><strong>Pare down your to-do list </strong>– Analyze your schedule, responsibilities, and daily tasks. If you’ve got too much on your plate, distinguish between the “shoulds” and the “musts.” Drop tasks that aren’t truly necessary to the bottom of the list or eliminate them entirely. </li>
<li><strong>Manage your time better.</strong> Poor time management can cause a lot of stress. When you’re stretched too thin and running behind, it’s hard to stay calm and focused. But if you plan ahead and make sure you don’t overextend yourself, you can alter the amount of stress you’re under. </li>
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<a href="http://www.helpguide.org/mental/stress_management_relief_coping.htm" target="_blank">http://www.helpguide.org/mental/stress_management_relief_coping.htm</a><br />
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<strong><em>Enjoy xoxo!</em></strong></div>
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<br /><div class="blogger-post-footer">Landmark Group - www.landmarkomaha.com - 402.553.8111
Your intelligent real estate expert!</div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4319967850132605784.post-11778961437749523802013-03-13T15:54:00.000-05:002013-03-13T16:00:53.119-05:00How to Stay Calm<div class="separator" style="clear: both; text-align: center;">
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Everyone gets upset at some point in their lives. There are many different ways we can handle these situations; sometimes we can even prevent them from happening. In this video Liz will teach you a few things you can try next time you are in a situation and someone is upset/ yelling at you.<div class="blogger-post-footer">Landmark Group - www.landmarkomaha.com - 402.553.8111
Your intelligent real estate expert!</div>Dave Paladinohttp://www.blogger.com/profile/17952419681945797061noreply@blogger.com0tag:blogger.com,1999:blog-4319967850132605784.post-41872758248036728472013-03-08T13:59:00.000-06:002013-03-08T14:00:36.093-06:00Storage WARS!<div class="separator" style="clear: both; text-align: center;">
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When you hear of storage wars most of you probably think of the t.v. shows. In real life it is not as glamorous, but still can be exciting. Sometimes you can hit the jackpot while others you just have to take the loss. One thing that is similar to the show is you cannot go through the entire unit. We only allow you to stand outside of the unit and look in to see if it is something that you are interested in. Once you decide and the time to look around is up we start the BIDDING! Whoever wins is responsible for everything in the unit. Come out and join us the last Thursday every month.<div class="blogger-post-footer">Landmark Group - www.landmarkomaha.com - 402.553.8111
Your intelligent real estate expert!</div>Dave Paladinohttp://www.blogger.com/profile/17952419681945797061noreply@blogger.com0