A Few Regulations That You Need To Consider Before Shifting In Your Rented Apartment

Rented apartments are present everywhere in the area, but the question is how to come across the best ones. Various individuals who travel far from their families in order to settle in an exclusively different city just for the sake of their job, rent homes, as it seems to be advantageous on their part, as…

Rented apartments are present everywhere in the area, but the question is how to come across the best ones. Various individuals who travel far from their families in order to settle in an exclusively different city just for the sake of their job, rent homes, as it seems to be advantageous on their part, as this could keep hoarding in saving a lot amount of money .

If you are also a job seeker and like to indulge into every other chance to rent an apartment for yourself, especially when it is near to your space of work, as previously you are hired stay there as long as you keep the job. However, the question that arises is that you are willing to compromise your convenience just for the sake of getting the nearest apartment that lies next to your place of work? If the answer is yes and you would prefer to stay in the city, and would like to save on various extra expenses and live a comfortable life without drilling into your pockets just to pay the rent.

Therefore, in order to take all the advantages of staying in a rented apartment then you need to read the following tips that will direct you in your search for a suitable affordable apartment according to your preference:

Freeze up to your budget :

Initially and primarily, you need to find out that the type of apartment that you are desiring for comes under your budget or not. If the answer to the question is no then you need to look for an apartment that lies within your budget and will definitely suit your financial capabilities. If you are just about to enter your new job, then it would be a wise decision to rent a small apartment providing a washroom a kitchen and a space for your bed. As long as there are no damages or leakage problem in the apartment, you can stay there for a start and then you can initiate looking out for a better option once your income is increased.

Location Safety :

Be it a simple apartment that you are going to rent, but you definitely need to make sure that there are no criminal activities taking place in the locality. For doing so, you need to check the police record if there are any robberies or any other types of crime is occurring in your preferred location.

The financial capacity to pay the monthly rent is an important thought to consider on as it will be wise to indicate if you already have landed a job in the city. Perhaps, if you are mere seeking for an employment opportunity, you could even give all the necessary information in writing to the house owner, which will help you in making believe that you will not run away from your rented apartment's compulsion.

In Whitefield The Future Looks Bright – Invest In Upcoming Apartments

If you consider the promises the future holds for Whitefield, the problems that this eastern part of Bengaluru face today will seem petty. The ones having real estate market sense choose Whitefield as their home, looking at the massive development initiatives being undertaken by the government. The sheer number of upcoming apartments in Whitefield that…

If you consider the promises the future holds for Whitefield, the problems that this eastern part of Bengaluru face today will seem petty. The ones having real estate market sense choose Whitefield as their home, looking at the massive development initiatives being undertaken by the government. The sheer number of upcoming apartments in Whitefield that are coming up is remarkable. Massive residential and commercial projects adorn its brilliant skyline. Whitefield has come a long way from being a quiet agricultural suburb to a bustling real estate paradise. Most of the development started in the early 2000s after the IT boom.

The Whitefield population mostly consists of IT professionals and employees having white-collar jobs. Whitefield has top international MNC offices, which draws hundreds of professionals towards it. They settle here in the hope of an elevated lifestyle. Naturally, the demand for 1, 2 and 3 BHK apartments in Whitefield is high. The market favours home buyers here. Bengaluru has mostly been a stable market in terms of real estate because of its capacity to create job opportunities. As long as the employment sector flourishes, real estate demand will be high.

Despite its commuting challenges, Whitefield remains the first choice for many home buyers. This is primarily because of two factors – one, making an investment when one can and two, the promise the future holds here. Many believe that the Peripheral Ring Road (PRR) and Metrorail Phase II connecting Baiyappanahalli to Whitefield will change the profile of Whitefield completely. The PRR project is expected to integrate state and national highways around Bengaluru. This includes Hosur Road, Old Madras Road, Bellary Road and Tumkur Road. This will also reduce pressure on the Outer Ring Road (ORR).

The second phase of Metro will become functional by 2020. Everybody knows what this project means to Whitefield. Both these projects will address Bengaluru's long-existing traffic woes, especially for those living in Whitefield. With this area becoming the preferred destination for thousands of people in a short time, there is a sudden spike in residential and commercial projects. Moreover, the upcoming apartments in Whitefield will fall under the RERA norms, making home buying significantly easier for home buyers. As per the top builders here, more than four lac people work in various MNCs in Whitefield.

Imagine the number of projects being undertaken by these developers to keep pace with the demand. Property prices near the metro stations and corporate hubs are going up, as everyone is looking to own 1, 2 and 3 BHK apartments in Whitefield either near the stations or near their workplace. As more and more infrastructural developments are undertaken, the demand and prices for properties will rise near the projects. Metro work is progressing fast. The PRR project work will soon gain pace. Over the past five years or so, almost 28,500 residential projects have come up in the Whitefield region.

While the number of launches peaked during the period 2013-2015, accounting for 83 percent of unit launches in these five years, demonetisation, GST and RERA brought this percentage down a bit since 2016. The lull is reflected in a large inventory of unsold units in Whitefield. Here, any home buyer looking to invest in a property should do so now. Developers are offering great discounts, freebies and offers on the unsold units. Ready-to-move upcoming apartments in Whitefield are a great option if you are planning to move in near future.

Issues to Consider While Getting a Space for Lease

Each new business requires a business space from where you work. Finding a space most appropriate for your business is only the start. Once that is done, it is important to consent to an arrangement to get the space on rent, and new entrepreneurs must give careful consideration to the assertion, so it is important…

Each new business requires a business space from where you work. Finding a space most appropriate for your business is only the start. Once that is done, it is important to consent to an arrangement to get the space on rent, and new entrepreneurs must give careful consideration to the assertion, so it is important to have an unmistakable comprehension of terms utilized as a part of the rent and in like manner consulting with the landowner.

Space
While getting a space for lease, it is essential that you know how much space you are obliged to pay the lease for. It is essential to examine the utilization of lobbies, lifts, restrooms and other regular zones. It must be noted whether your lease depends on the rental area or usable area. Usable area is for the most part not as much as rental area since it does exclude basic spaces. Having an unmistakable comprehension of these things will give you a chance to decide whatever the lease lease is reasonable and give you a chance to arrange better.

Rent term
The term of a rent alludes to its length. It determines when the rent starts, when it ends and if there are possibilities for reestablishment. Landowners will by and large be adaptable to arrange leases while getting a space for lease with longer rent terms. In any case, it is here and there ideal to arrange shorter rent terms with various restoration alternatives, for instance, a 5-year rent with two 4-year reestablishment choices rather than a 10-year rent.

Lease
This is the essential worry for any new entrepreneur while getting a space for lease. Focus on the lease increments or accelerations in the rent assertion. Arrange the lease amount with potential landowners and just when you have a decent arrangement, at that point you can continue with marking the archives.

Things incorporated into the lease estimation. A business rent incorporates costs notwithstanding the lease, for example, upkeep costs, protection, property charges, and so on. It is essential to obviously comprehend what costs you are obliged to pay. If the rent report is not clear, request that the property proprietor incorporated points of interest of how the expenses will be identified and who pays what costs.

Security store
Have a decent understanding of what can and can not be deducted from the security store. Ensure that the rent expresses the illuminations the desires and conditions for its arrival.

Signage
Advancing your new business is on the plan for the day of each new entrepreneur. While getting a space for lease, talk about with proprietor any prohibitions in regards to signage like size, lighting, and outward presentation. You should likewise remember if your signage works with the building's outer structure.

Termination
Ensure you check how your rent ends and the methodology for ending the rent early when you get a space for lease. If your business turns up not fruitful as foreseen or is sold, you should not be stuck depending on the court to decide harms to the property proprietor. Focus on checking prerequisites towards the finish of the term. For instance, if the rent indicates that fifty days prioring the rent term end, the inhabitant should give a notice to the property proprietor expressing its aim not to restore the rent.

Maximizing The Tight Balcony Space On Your Apartment

Modern apartments are some of the most popular properties today may be because they are affordable to the young adults they are target and are usually in close proximity to what matters most to them. Apartments are also very popular residential options for other target groups for a number of reasons. Unfortunately most come with…

Modern apartments are some of the most popular properties today may be because they are affordable to the young adults they are target and are usually in close proximity to what matters most to them. Apartments are also very popular residential options for other target groups for a number of reasons. Unfortunately most come with very small balconies making it hard for some to find the relaxation that should be offered by this area. But with a little creativity, you can still enjoy chilling out on the balcony and have it looking amazing the size notwithstanding. Here are some very simple things you can do to transform that tight space.

Choose few but multipurpose furniture pieces

Chairs, a table or a lounger are some of the items that can be on the balcony considering that is it supposedly to be your relaxation spot. But with only a small space available in your apartment, it can be hard to even have more than a chair there and still leave some walking space. To counter the size challenge, choose a sitting area or a table that can also serve as a storage area for magazines, books or shoes. You can have a few multifunctional pieces well-organized to make all the difference.

Bring in warmth with hung flowers and plants

Looking at the space you might think that there is nothing much you can do as far as flowers and plants go. The space might be too small for potted plants but you definitely can still enjoy a beautiful with hung flowers so you do not interfere with the small floor space available. The options are numerous but you should ensure that you select ideal sizes and number of plants or flowers so you do not end up overwhelming the tiny space. The point is to make it welcoming and appealing.

Improve whenever possible

The good thing about being creative with your balcony is that you can serve more than one purpose without being too expensive. For instance, if it is too much of a challenge to have a lounger on the balcony or a set of chairs, what about using sturdy wooden crates as your sitting area? They will take up very minimal space and still offer you a comfortable area to relax; you just have to throw a few comfortable cushions and pillows and you are done. The open areas of such crates can serve as storage spaces for other items; you can stack few books or place other items as necessary.

Creativity can transform your small balcony into a peaceful functional haven. Instead of constantly feeling frustrated with what you can not do with the balcony, find out what you can easily do to create a space you will love chilling out in. The options are numerous even for such tiny spaces and you just need to think a little outside the box to have it working to you preferences. You just need to be easy with the number of items otherwise it could end up looking crumped up.

Should Landlords Accept Tenants With Pets?

One of the interesting discussions I have with property owners is about pets and whether they should accept them. It is a hot topic, so I thought I would lay out the pros and cons and some of the things you can do to offset the potential risk of accepting pets. 60% of Americans Own…

One of the interesting discussions I have with property owners is about pets and whether they should accept them. It is a hot topic, so I thought I would lay out the pros and cons and some of the things you can do to offset the potential risk of accepting pets.

60% of Americans Own Pets!

To start you need to understand that about 60% of Americans have pets. If you decide not to accept pets, you are eliminating almost two-thirds of the population as potential tenants. Also, if you have a high-end single-family home that number may be as high as 70% to 75% of families are going to have pets.

If you own lower end properties or student housing that percentage may be lower. But either way, if you do not accept pets, a large chunk of the population is not eligible to rent your property.

Pet Owners Tend to Stay in Apartments Longer!

Pet owners tend to be very good tenants in that they tend to stay longer. Because it's difficult for pet owner to move or find another place that accepts pets, they are going to stay at their current property much longer. Obviously, that helps with turnover and with repair costs so it's better to have longer term tenants.

Pet Owners Tend to Make More Money and Make Better Tenants

Pet owners tend to make more money than non-pet owner tenants. Because owners of pets have pay for food, vet bills, and all the other stuff pet owners buy it indicative a higher disposable income than non-pet owners. Higher imports should allow them to afford higher rents and be able to offset any short term financial trouble.

Charge Extra Rent and Security Deposit

You should make more money with accepting pets. We charge an extra $ 25 per month, per pet. If the tenants have two pets, then we would charge an extra $ 50 per month of rental income. We also charge an extra $ 300 per pet in security deposit. It is refundable if the place is perfect when the tenants moves out, but if pet does any damage then we have additional monies to be used to make repairs. Also, if the carpets were not clean when they left, one of the things we will be using the $ 300 security money for is to clean and shampoo the carpets.

Use Pet Addendums to Lay out the Pet Rules and Regulations!

We recommend that you should have the contracts sign a full pet addendum. The pet addendum lays out all the rules and regulations of owning a pet and the ramifications if they do not take care of that pet.

Do Not Accept Aggressive Dogs

We do not accept any aggressive dogs. If tenants own a bull dog or other aggressive dogs we would not recommend accepting them. Additionally, I would not accept dog that are over 50 or 60 pounds as they are adding a lot of additional risk for your building and other tenants or neighbors. One of the reasons for this is most property insurance companies will void your insurance if you accept aggressive or large dogs.

Professional Shampoo Carpets Once the Tenants Move Out!

We require pet owner tenants that they must professionally shampoo the carpets when they leave. They must pay for the cleaning and provide us a receipt proofing the cleaning was done. If for some reason they were not to do it, then again as I mentioned earlier, we'd use that extra $ 300 in security to have the carpets professionally shampooed and cleaned.

Hard Wood Floors and Pets?

One major concern is hardwood floors. If you have a property with hardwood floors, accepting pets is a real risk factor. We do recommend mitigating the risk by requiring that they have rugs over some or all the hardwood floors. But either way, if you have hardwood floors, it is an extra risk and make sure it is worth having a dog in the property with hardwood floors.

Service Animals are NOT Pets!

It is very important that everyone understands that that a service animal is not a pet. If you decide to not accept pets, that's fine. But if the tenant has a service animal you can not decide to accept to decline a tenant based on a service animal. So just make sure you're aware of that as an owner that a service animal is not a pet.

Why Should Landlords Increase Rent Every Year?

Do you own an investment property? And if so have you raised your rent every year? When I get hired by new clients or someone's thinking of hiring us, the topic of rent increases often comes up. I learn that they have not raised their tenant's rent for a couple of years, 10 years in…

Do you own an investment property? And if so have you raised your rent every year?

When I get hired by new clients or someone's thinking of hiring us, the topic of rent increases often comes up. I learn that they have not raised their tenant's rent for a couple of years, 10 years in some cases because they “like the tenants”. They think the tenants are “good people” so, they have not increased the rent. I quite often wonder, do the owners understand the impact on the value of their investment property by not raising the rent? I thought I would write a short article to walk you through the impact of not increasing rent.

Here is a simple explanation of what would happen over the next 10 years if you were to raise your rent versus not raising rent.

We know inflation in the United States is averaging about 2.5%. So at a minimum, over the next 10 years, you would expect rent to go up 25%. If you do not raise rent at all, you're going to lose 25% of your investment value over the next 10 years just due to inflation.

We also know that rent has been rising about 4% per year. In Philadelphia, we have been going up about 4%, but other markets like Seattle, Dallas, and San Francisco, are probably even higher. We have been typically advising our clients to raise their rent 4% to 5% per year.

This increase of 4% is significantly a result of a large influx of renters over the last 10 years. A lot of people are no longer owning homes and have become renters. This trend will most likely continue over the next few years. Also, within the United States we have not been building enough apartments to keep up with the demand, so the result has been rising rents across the country.

So here is a quick example of the impact on the value of your investment property under three (3) different scenarios. Scenario 1 is no increase in rent, Scenario 2 is a 2.5% increase to keep up with inflation and the final scenario is increasing rents 4%. Here are the basic assumptions:

  • Rent = $ 1000
  • Building is valued at 100 times Rent – $ 100,000
  • Impact of Rent Increases for the next 10 years

• No Rent Increase – Building worth $ 100,000

• Rent Increase 2.5% – Building worth $ 124,886

• Rent Increase 4.0% – Building worth $ 142,331

You have one investment property and the rent is $ 1,000 per month. The value of the investment property is 100 times the rent, or $ 100,000. If you do not raise your rent over the next 10 years, the value of your investment property is still $ 100,000 (100 times a $ 1000 rent). If you were to raise your rent just 2.5% to try to keep up with inflation, the value of your building is going to be approximately $ 125,000.

But if you were to raise your rent to 4% per year, which has been the average rent increase in the Philadelphia area, over the next 10 years your rents are going to go up 42%. The value of your investment property is going to increase by 42% over 10 years.

So, if you want to keep the value of your investment property as high as possibly simply raise your rents.

So, what is the impact of a 4% rent increase over 10 years? We now know it's 42% in terms of the value of your investment property.

Five Things To Know When Renting Your Home

If you own a home that you are able to rent, it is a great way to earn an extra income or an extra way to start saving money. Single-family rentals are booming in the United States and continuously are growing in demand as more people are choosing to rent rather than own due to…

If you own a home that you are able to rent, it is a great way to earn an extra income or an extra way to start saving money. Single-family rentals are booming in the United States and continuously are growing in demand as more people are choosing to rent rather than own due to it being more affordable and flexible. Renting out your home is a great opportunity and is something that should be taken into consideration if you are able to do it.

Here are five things to know if you are renting your home.

1. Start An Emergency Fund – One of the first things you should do is you're renting is start some type of emergency fund. This will be huge down the road if you ever need to perform some major repairs or damages. This is also helpful if you find yourself in the position where your current tenant can not cover the rent and you must pay towards the mortgage. This will also help any extended vacancy of your home or the event of a disasters like the basement flooding. An emergency fund is key to making sure you will be able to handle the rental for the long haul.

2. How You'll Manage Your Property – This is entirely up to you, if you want to manage the property or if you have a friend, family member or hire some outside person who the tenant can contact 24/7 if any problems come up. These include regular repairs and upkeep to even a pipe bursting in the middle of the night. It is important to set the ground rules early and decide what route you will take.

3. What Will Your Tenants Maintain – This goes along with # 2 on our list. Make sure to clearly mark what your tenant will be responsible for in the lease, such as lawn maintenance or fixing simple repairs. It is entirely up to you, although generally simple tasks like keeping the house clean should be left to the tenant, the rest you can decide for yourself.

4. How To Find Reliable Tenants – This is important for making life easier on you and getting a reliable person in your rental home. Post an AD on Facebook or Craigslist or find a family friend which is often the best case. Always make sure to run a background check, credit report, eviction report, verify income and their rental history. There are many things you can and should look up, you want to make sure the person is reliable and someone you can trust to live in your home.

5. What Your Insurance Policy Covers – You should get some type of landlord insurance policy which will give you the proper protection. The protection you get is similar to the one you will have for a complete homeowner insurance policy but it generally does not cover the belongings inside the home. That is where a good renters insurance policy comes in. Recommend to your new tenant that a renters insurance policy is the best way to protect them and their belongings where you can not.

Renting your home can often seem like an uphill battle but once you get the hang of the system and a good tenant, it is easy and a great way to earn a second income and save some money.

5 Factors That Make Luxury Apartments Even More Luxurious

Luxury apartments are continuously reaching new heights with luxurious interiors, concierge services, in-house spas and Jacuzzis, home automation and much more. Kitchens equipped with fashionable gadgets and appliances, gardens transformed into a natural ecosystem and state-of-the-art entertainment zones. Developers are putting everything together to meet demands of the ever-evolving base of luxury consumers, which gives…

Luxury apartments are continuously reaching new heights with luxurious interiors, concierge services, in-house spas and Jacuzzis, home automation and much more. Kitchens equipped with fashionable gadgets and appliances, gardens transformed into a natural ecosystem and state-of-the-art entertainment zones.

Developers are putting everything together to meet demands of the ever-evolving base of luxury consumers, which gives a boost to the luxury housing market. Here are some of the factors that make luxury apartments seem to be even more luxurious.

Technology and Home Automation

Luxury homeowners today want it all when it comes to technology and builders strive to incorporate this tech-trend to meet the market demand. With a touch of a button on your smartphone, you can control your apartment's climate, lock your doors, and control your alarm as well as the lighting system in your home. Technology has enhanced the security of luxurious apartments which alerts the homeowners of any intruders or perpetrators.

Luxurious Interiors

Modern décor and interior design enhance a spacious layout. The rooms are turned into striking displays with luxurious decorating materials, contemporary artwork and elegant home furnishings. Luxurious interiors enriched with creative artwork and home furnishing ideas are always unique, rich and exclusive. Most lobbies are furnished with braised leather and expensive items that create a bright and beautiful space.

Entertainment is essential for luxury living and one never feels to leave the comfort of their luxurious apartments. Homeowners further extend this trend with amenities such as indoor pools, indoor basketball courts, and lavish sports bars. Gaming and theater rooms act as the primary source of daily entertainment with smart TVs installed in every room of the apartment.

Efficiency Of Design

Home luxury is defined by efficiency of the design and layout. Some of the top trends for residential landscape projects include sustainable and low-maintenance designs. Indoor and outdoor living starts with ceiling to floor doors that slide seamlessly into the wall, opening into the backyard. Masonry block construction walls in these apartments help to reduce the heating and cooling costs. The roofing is done with better insulation in mind. Some of the meticulous touches that go into the design of luxurious apartments include hardwood floors, and natural stones. Adding natural stones and wood elements give a natural and organic appeal to various rooms such as spa bathrooms, a spacious living room and kitchen, and many others.

Meticulous Landscaping

The inside and outside of luxurious apartments depict an origin of beauty and elegance. Its design elements express a wide scope of knowledge and variety. The meticulous landscaping in the entire compound is designed to evoke feelings of comfort, calmness, and simplicity when you are walking along the elegantly manicured pavements.

Living In A Gated Community

Gated community living promises a unique lifestyle which balances privacy, community and connectivity. Gated communities offer exclusive access to facilities such as swimming pools, game courts, club houses, gymnasiums and much more. With the advancement in technology, home automation systems and strictly controlled entrances make it much safer. A gated community has much to offer in terms of safety, facilities, nearby appealing and mostly a luxurious lifestyle. Luxury gated community apartments are built on lush and green environments. The natural beauty of such a home is maintained through grooming and intensive landscaping.

Why the Del Val Lease Is Pro-Owner Versus Pro-Tenant

One of the questions I get asked a lot from owners and potential owners is about our lease. We have a lease we've been using for over 15 years and have been constantly improving and fine tuning it to protect our owners. We have used our lease for over 4,000 lease signings over this time…

One of the questions I get asked a lot from owners and potential owners is about our lease. We have a lease we've been using for over 15 years and have been constantly improving and fine tuning it to protect our owners. We have used our lease for over 4,000 lease signings over this time period. I get asked about the difference between our lease and why it is so “pro owner” versus pro tenant. Here are a couple of reasons why our lease is “pro owner” and why it will benefit you to use our lease as opposed to another lease.

All Persons Over 18 Must Sign the Lease

We require all persons over the age of 18 to sign the lease. Seems simple right? But you would be surprised how many property management companies do not require it. The reason we require all persons over 18 to sign the lease is if we must evict the tenants and all parties over 18 have not signed that lease, we have a problem. We can evict the parties that have signed the lease, but it is hard to evict people that have not signed the lease if they are 18 or older.

Tenants will come to us and say my spouse or partner does not work so I do not want them on the lease. This is not a good policy and do not allow this to happen. Or they may come to you and say my partner or spouse has a very poor credit score so I do not want them on the lease. Again, we want all parties over 18 years old to sign the lease so we know exactly who's living in the property and if we must do an eviction, we can get that done.

Automatic Rent Increase after the Initial Term Ends

Within our lease is a clause that when the initial term is over in one year or two years, the rent goes up automatically 10% if they want to go month-to-month. This incentivizes the tenants to either accept the 10% premium if they want the flexibility of month-to-month or negotiate a new one or two-year lease. This new lease will probably increase the rent by 3 to 5%, which is a much more reasonable increase than a 10% increase. And that way we've locked them in for another year, or maybe two years, and this benefits the owner. But again, the tenant does have the flexibility but the 10% is already pre-authorized.

Waive Their “Notice to Quit” Rights

In the State of Pennsylvania, and possibly other states, the tenant has what is called a 10-day “Notice to Quit” right. If we need to do an eviction, we must give the tenant 10 days' notice to tell them we are about to evict them. In our lease, we make the contracts waive that right, so they have signed that right away, and we can begin eviction proceedings right away. We could evict a tenant on the first day of the month. I am not saying we do that, but we have the right to do that because we require our tenants to waive that 10-day Notice to Quit right.

Tenants Must Initial Several Sections of the Lease

Tenants must initial certain sections of our lease. There are areas of the lease that are very important including the Notice -of Quit we talked about in the last paragraph. Another important section is Renter's Insurance, so we make the contracts initial these sections. This way the tenant can not claim later that they were not aware because we make them initial each of these important sections in the lease.

Tenants Must Sign Several Addendums Designed to Protect the Owner

Tenants are required to sign multiple addendums including Lead Paint, Security Deposit Escrow, Rules and Regulations and several other addendums. These addendums are designed to protect the owner so it's very clear what's going to happen at the end of the lease or under other various scenarios. So we make sure that these addendums are signed to protect the owner.

Our Lease has been reviewed by 100's of Judges and Attorneys over the Last 10 Years

Del Val has probably signed 4000 to 5000 leases over the last 15 years. As part of this process our lease has been reviewed by hundreds of attorneys. We have also been in front of hundreds of Judges during eviction hearings. As result we have refined and improved our lease based upon this feedback. Our lease is well tested and any weaknesses have long since been removed.

We include the “Extra” Paperwork that is Required in Philadelphia

The City of Philadelphia requires a lot of extra paperwork that is not required outside of Philadelphia. So, it is important that we get those documents signed at the time that the tenant moves in. If we do not get these documents signed and going to evict down the road we could potentially have a hard time doing an eviction. That's not the position we want our owners to be in so we want to make sure all the paperwork is done properly.

First Time Tenants – Here’s Your Guide

I moved into this entirely new city – a less paying job at hand, no friends to stay with and absolutely homeless. Honestly, I had no money to waste staying in a hotel even if it meant for a day (I mentioned the low on fund thing) and no time to waste looking for flats…

I moved into this entirely new city – a less paying job at hand, no friends to stay with and absolutely homeless. Honestly, I had no money to waste staying in a hotel even if it meant for a day (I mentioned the low on fund thing) and no time to waste looking for flats in the new city. The easiest solution was PG Renting – it was supposed to be a related for my low budget thing and I did not have to worry finding someone to stay with too.

But, this is not where it all ends; PG renting is one hell-of-a problem and if you're a first time tenant there are an extreme number of things you're supposed to cover.

Here's a guide for all first timeants, like me. Also, if you wish you can thank me later.

  1. Keep your documents ready : The first thing that you should do is keeping the necessary documents ready; Whether it is your work offer letter or a few documents related to your educational institution make sure you're ready with the proof. This is the first step towards building your trust and impression on your potential landlord. On being requested to present the papers make sure you can do it all without and hesitancy.
  2. At least, have some idea about your workplace / institute : If you're new to a city it might be really difficult for you to have complete information about your workplace or institution but make sure you have some idea. This will help you in renting a PG that is close to your desired destination; Also, this will help you decide your mode of conveyance between the two locations.
  3. Be very clear about your requirements : It is best to mention all your PG renting requirements to your landlord, this will help the two of you decide whether or not this paying guest accommodation will be the perfect choice for you or not. Tell them in detail about all you need and if you're open to any negotiation or not. Be very clear; keep no room for the any later problems between you and the landlord.
  4. Understanding the policies : Every PG has its own set of policies that must be considered and carefully followed. Whether it is the PGs in-time and out-time policy or the monthly rental, the electricity bills, etc. make sure you're very clear about everything right from the very beginning. Understand all policies much before you plan on moving in as a paying guest, if you have any questions make sure you've asked about them all well in advance.
  5. Always make a PG rent agreement : The mistake that most landlords and tenants tend to make is not making a PG rent agreement. This is one of the most important documents that will clearly mention all the facilities being provided to you as well as the terms and conditions of staying in the PG. Make sure you have this document prepared before you finally move in with your luggage.

If you're a first time tenant these five points mentioned above will be of absolute help for you irrespective of your city and location. Make sure to consider these all to find the right paying guest accommodation for yourself.

Landlord Registration in Wales

Rent Smart Wales is the Welsh Assembly scheme for registering landlords, letting agents and properties. It came into force in November 2015 allowing landlords and agents up to 12 months to become registered. It applies to any person who owns residential rental properties in Wales, UK. There are two types of registrations required for Landlords.…

Rent Smart Wales is the Welsh Assembly scheme for registering landlords, letting agents and properties. It came into force in November 2015 allowing landlords and agents up to 12 months to become registered. It applies to any person who owns residential rental properties in Wales, UK.

There are two types of registrations required for Landlords.

1. The landlord registration is a paid registration for all landlords who own a residential property in Wales which they do not live in. The fee for this is £ 33.50 if you apply online and £ 80.50 if you do a paper application. As part of the registration process you are required to supply details of all the properties you own.

Where you have any jointly owned properties, they are required to be registered in joint names with a lead landlord nominated to receive the rent. If you own properties in your own name along with properties in joint names you will need two separate registrations. One for individual properties and one for joint properties.

2. The second registration is for the management of the property. If you use a letting agent all you need to do is link an approved agent to each property. The online system provides a list of Agents authorized through the Rent Smart Wales scheme. The agent has to confirm that they are acting for you and managing the property.

If you choose to manage the properties yourself then you need a license which will cost £ 144.00 for an online application or £ 186.00 for a paper application. You will need to attend a training course and pass a test from a Rent Smart Wales accredited trainer to ensure you comply with and are familiar with all the rules and regulations for renting and maintaining a rental property. Training courses vary in price depending on the training company but normally start from around £ 75.00.

Since 23rd November 2016, Rent Smart Wales has prosecuted landlords who fail to comply with the regulations. Enforcement orders can include a variety of penalties from fixed fines to loss of rent and rent payment orders.

Any tenant who applies for a benefit, of any type, are asked to supply details of the property they are renting and councils or government departments are cross checking to ensure landlords are registered and licensed to manage the property under the scheme. Councils have authority to prove anyone who does not comply with the requirements. Mortgage Lenders and Insurance Companies are being asked to ensure they do not lend or insure unlicensed Landlords.

The process for registering is completed through the Rent Smart Wales website. Obtaining a management license will take a little longer. Do not fall foul of the Rent Smart Wales Registration Scheme.

Serviced Apartments Are the Trend of the Times

Serviced Apartments are basically the fully furnished apartments that are made available to the public for short term and long term stays. It includes various amenities like housekeeping and various different services for the guest and the taxes are included in the rental price itself. These types of apartments offer the guest much like the…

Serviced Apartments are basically the fully furnished apartments that are made available to the public for short term and long term stays. It includes various amenities like housekeeping and various different services for the guest and the taxes are included in the rental price itself.

These types of apartments offer the guest much like the services and amenities of a traditional hotel, but with some added convenience, space and privacy like at home. One can enjoy the feeling like living at home while traveling somewhere.

What can one expect from a serviced apartment?

• A kitchen that is fully equipped with things like a dishwasher, dryer
• One or more individual bedrooms designed as sleeping area
• Living space
• Bathroom with all the amenities
• Television
• WiFi
• All the latest in room technology
• All utilities like the water, electricity included
• Weekly or daily housekeeping service

This term the serviced apartments is little known and used outside the corporate business sector. The online booking sites, mostly used to offer them as one of the booking options and not under a special category. These kind of apartments give the guest the kind of home feel by offering certain facilities that may give the guests the personal feeling of staying at home. They should include along with the above mentioned facilities also access to the gym, restaurants, meeting space, and other hotel like service for making the guest feel comfortable.

This sector has an impact on leisure travel as the travelers are finding these as the cheapest and best alternatives to the high end costly hotels. These are treated as economic for longer stays, family trips. These can give you all the in house facilities and entertainment and then allowing you to live like a local in an outer place.

Types:

Serviced Apartments:

These are the self contained apartments usually built inside a building. There may or may not be the staff on site. The operator may offer keys on arrival to the guests or may also provide keyless entry through smartphones as well. Guest can access a 24 hour helpline.

Aparthotel:

These are the kind of apartments that can be seen in a dedicated building. These apartments offer hotel like services with 24 hour reception.

Corporate Housing:

It is basically a fully furnished house that is made available for rent or lease for a certain period of time. These kind of accommodations offer the visitors the more like a normal living, allowing them to cook, relax, plan their time as they like.

Bustling Rental Market in Chembur

The once industrial suburb of Mumbai, Chembur is now thriving with real estate and infrastructural development. Chembur is an old Mumbai suburb, located at the north of Trombay and south of Kurla, history dates back to the partition era of India's independence when many refugee camps were set here. It now sits right in the…

The once industrial suburb of Mumbai, Chembur is now thriving with real estate and infrastructural development. Chembur is an old Mumbai suburb, located at the north of Trombay and south of Kurla, history dates back to the partition era of India's independence when many refugee camps were set here. It now sits right in the middle of Mumbai, geographically. The real estate market trend that stands out in major urban cities is experiencing a significant shift in the last one and a half decade. Chembur's upcoming residential projects are mostly set over smaller plots due to lack of availability of land. But a lot of lands is being redeveloped and some projects are using that huge space to their advantage. We also saw development in clusters of different upcoming projects in the same area.

Chembur is very well connected to southern, old and Navi Mumbai and other suburbs around Mumbai by excellent road connectivity. Kurla and Lokamanya Tilak terminus being the prominent railway junctions near Chembur, the locality is otherwise very well connected by auto rickshaws, buses, taxis etc. Dayanand Saraswati Marg, VN Purav Marg, RC Marg, Station Avenue Road, the Eastern Express Highway and Sion Panvel Highway are some of the arterial roads of Chembur. Chembur is a road transit point for people traveling to Pune using the Mumbai-Pune Highway or the Mumbai-Pune Expressway. The Eastern Freeway provides quick access to South Mumbai through 13 km long elevated expressway. The Santa Cruz-Chembur Link Road (SCLR) connects Chembur to Santa Cruz.

Real estate development along the Eastern Freeway increased significantly over the past few years. Cutting down commuting time to South Mumbai created demand for commercial and residential properties and housing prices in locations like Chembur. The value of property in Chembur has increased by approximately 28-30 per cent over the last two years. This created a lot of market for rental properties in Chembur . As the property values ​​kept increasing the rental market also proportionally went up and with so many new developments coming up, it is only adding to the inventory list. The housing supply in this area has been growing at an approximate rate of 10 per cent for the past four years, and it now accounts for approximately 18 per cent of Mumbai's total housing stock. With growing residential activity, retail interest in the market has understandably increased too, leading to the development of large scale organized retail in the region.

This further links more jobs and more people move into this locality in search of properties. The rent for a 250 sq ft, 1BHK is about Rs.9000 per month, a 350 sq ft unit can be rented for Rs.10,000 per month. Semi furnished and fully furnished apartments are also available. However, semi-furnished may often mean the property is sparingly furnished. Renters have used their discretion to decide on a correct property in this vast property market. Realtors say that with increased connectivity, there are more inquiries for properties in Chembur. The increase in rental properties in Chembur market was noted as about 3% in the past few years.

Finding an Apartment for Rent: Not a Daunting Task Anymore

In the hierarchy of human needs housing stands at third position after satisfying the needs of healthy food and suitable clothing, because house is the place where a person relaxes according to his desires without any restrictions. Therefore, when it comes to construction of the personal house a person does not leave any stone unturned…

In the hierarchy of human needs housing stands at third position after satisfying the needs of healthy food and suitable clothing, because house is the place where a person relaxes according to his desires without any restrictions. Therefore, when it comes to construction of the personal house a person does not leave any stone unturned in furnishing his house with all necessary contemporary accessories.

But, what about the people who are compelled to live in a rented house, how these people can furnish their homes to enjoy the complete relaxation at their home after having working schedule at their workplace? Because these people have to literally rely on the facilities offered by their landlord and they can not make any type of change in their place and are bound to adjust with the limited facilities.

Interestingly, all these problems in today's scenario have become the folklores and now even you can enjoy the pleasure of relaxing in the rented an apartment in the same way as you can enjoy in your personal house. Today, trend of searching for rented apartment through local newspapers or through references has become an obsolete method of searching an apartment, now days there are various real estate agencies that will help you in tracking the apartments for rent according to your requirements. These agencies have the listed registered apartments available for rent with them and on your request they can help you in getting an apartment on rent dependent upon the budget available with you.

But, now you may question about the authenticity of these real estate agencies, especially about their higher service charges and condition of the apartments that they provide for your residential purpose. If this is so, then you are at an edge of doing mistake, because the charges of these agencies are dependent upon the type of service required by you. This in-fact is my personal experience as almost a year back, I also had to undergo the same situation of finding a suitable accommodation for myself when last year as my the part of my job responsibility I was transferred to Adelaide from home town Brisbane.

Anyhow, before sharing my experience, let me ask you a question that, Do you also feel that locating at a new place is always a daunting and scary task, especially in some new city? This question I am asking you, because last year I had to locate myself in one of the rented apartment due to my job. Although the distance between both these cities is about six hours or so, but as I had never been away from my apartment for a day travel of these six hours was not less than traveling to space.

The next big problem in front of me was finding an apartment for myself, although my company had granted me the housing allowance, but responsibility of finding a suitable apartment for my living was on my shoulder. Fortunately, one of my colleagues who had also faced the same situation suggested me to search for apartment for rent through online sources, because in the current era when all activities move around internet searching apartments for rent in Adelaide was not a difficult task.

An interesting feature which I realized while surfacing the portals of these real estate agencies is that they facilitate you to place the type of property you want to rent in and do not pressurize you to live in the apartment suggested by them. Moving ahead the experts of these agencies will let you visit the place before finalizing the deal with the property owner, moreover the experts of these agencies will help you in getting the formalities associated with renting an apartment pursuant to the rules and regulations promising specific region . One more interesting feature about the portals of these agencies is that they have the pictures of properties available for rent with them from both exterior and interior, so making it easier for you to at-least estimate the condition of the place you are going to live in.

Postscript : As visiting a new place during vacation is an exciting activity, locating at new place has been just opposite to it. Because when you visit any new during vacation you just stay in some renovated hotel and return back to your city after three-four days, but when you locate to some unknown city for a long time you need to get yourself prepared according to its lifestyle. Moreover, as you are new to the city you are also unaware about the road and transport facilities which, along with the tension of finding a suitable apartment for rent enhances the series of problems you have have cope with.

But as a friend in need is a true friend indeed by browsing the different website you can search an appropriate apartment provided to you by some established real estate agency.

Renting Your First Apartment – What To Know

Moving into your first apartment can be an exciting time. Being independent, living away from your parents, and having somewhere to call their own is just a few of the reasons why young adults look forward to their first apartment. Before making that decision as to which apartment you should rent there are several factors…

Moving into your first apartment can be an exciting time. Being independent, living away from your parents, and having somewhere to call their own is just a few of the reasons why young adults look forward to their first apartment. Before making that decision as to which apartment you should rent there are several factors that you should consider.

Your needs

You should look for an apartment that suits your needs such as first floor apartment, apartments for adults only, two bedrooms, pool, etc. You can find apartment listing sin the newspaper or online. Some websites will allow you to take virtual tours of the apartments that are for rent. This will help you see the floor plans and what amenities are offered without making the trip to see the apartment if they are not what you are looking for.

Location

First, it should be located in a safe neighborhood. If you are going to school, you may want an apartment near campus. If you are working you may want it near work or near a bus line or subway if you need to use those modes of transportation. You should also consider if you want it located in a neighborhood where many children live or do you prefer a quieter neighborhood. Maybe you want an apartment that is close to shopping and entertainment.

Amenities

This can include dishwashers, have washer-dryer hookups in the apartment, free cable, and WiFi, have a balcony or small patio, etc. Some apartments may have a laundry room that is shared by the residents of the apartments so you need to check to see how many washers and dryers are available and if it is a well-lit area. You may also want to see if they allow pets if you have one. These are just some of the amenities that apartments may offer.

Other considerations

• Although the apartment may be in a good safe neighborhood look at the condition of the buildings, the sidewalks leading to the apartments, the locks on the doors, the landscape, etc. You want to make sure that the landlord takes care of the property and keeps the grass mowed and that the apartment building does not appear run down.
• If possible, try to talk to some of the residents to see if the landlord is prompt on fixing any problems that might come up.
• Check the lease carefully to make sure that there is nothing in it that was not discussed and agreed upon.
• You should also check with the Better Business Bureau to make sure that there have not been any complaints filed against the owner and / or landlord of the apartments.
• Make sure it is within your budget and can afford the rent each month.