#Condos For Rent In Gainesville Fl

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Multi-Family Vs Single Family Homes

Condos For Sale In Gainesville Fl - Multi-Family Vs Single Family Homes

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There are a number of secret rules to the game of success in real estate, and anyone not familiar with these rules is going to find themselves trampled beneath the crush of investors walking over them to make their fortunes. The most important of these is to buy low and sell high; the process of purchasing and rehabilitating a property can make all the difference in the world in the amount of profit it is able to generate. This is not, however, the only rule of which new investors should be aware.

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The most important factor in how much success an investor is going to be able to achieve in real estate is what type of property they choose to purchase and what they do with it after they are finished. The most common type of real estate transaction is the purchase and "flip" of a single family home. What this means is that an investor will purchase a single family home that is in need of rehabilitation for a price well below market value and rehabilitate it. They will then turn around and resell the property for its full market value, pocketing the difference (thousands if they have done their homework properly) and walking on to their next deal.

This has its advantages. These types of transactions can be conducted fairly quickly, and the investor stands to acquire a large amount of capital in one fell swoop upon the sale of the property. This type of business transaction can generate a very comfortable monthly income for the investor in question; however, it is not going to be sufficient to propel them up into the ranks of the whales in the business. In addition, in the event that the market hits a slump in its cycle (as all housing markets do) the investor who has made their career from single family homes is going to find themselves holding the bag on a deal that is not nearly as profitable as it first appeared.

In order for the investor to rise to the top of the food chain (perhaps sharks would have been a better analogy) he or she is going to have to learn the secret of passive income. What is passive income? Passive income is the money generated from an investment that the investor did not have to do anything further to earn, and in the case of multi-family homes it comes from rental income.

Think about it. The markets rise and fall; however, very rarely do the cost of rentals do so, particularly for renters who have been in their current residence for some time. These rents will come every month to the investor, who will be able to enjoy the money coming in without getting to enjoy the stress that can accompany the purchase and rehabilitation of a single family home. If they are extremely intelligent they have hired a manager to see to the daily operation of their property, freeing them up to decide whether they are going to take their new income and go to Tahiti or the Bahamas.

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Tent Rental Disasters and How to Avoid Them

Condos For Rent In Gainesville Fl - Tent Rental Disasters and How to Avoid Them

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When a corporate event, a wedding, a special event, party or fundraiser is planned for outdoors, often an event tent or party tent will be required. Protection from the elements and providing for a central gathering area is essential. Over the years I've collected a few horror stories involving outdoor events. Some of the worst stories involved workers not realizing exactly where the power lines are located - both overhead and underground. Be sure to use an insured rental company who works with a qualified and trained staff to make sure your next event is a safe and enjoyable affair.

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POOR INSTALLATION: A South Carolina hotel's expansive grounds provided the perfect backdrop for a young couple's wedding mid-afternoon reception. The wedding planner had spent two long days with her crew decorating the inside of a high-top marquee tent. It rained the night before the wedding. The tent company (from Florida) had staked the marquee tent in the grass; however, something had not gone well. The tent accumulated a lot of rain in drooped pockets on the roof and by late morning, many of the stakes pulled up. The reception was forced to move inside the hotel lobby, not an ideal solution as there was barely enough room for the guests.

POWER LINES: Two workers were killed and two others injured when a tent pole struck a power line at Thorn Hill Farms in McClellanville, SC. Dexter Keyes, 37, and John Fortney, 45 of Stage Presence Equipment Rentals were electrocuted when the metal tent pole they were erecting touched a low hanging power line over the site. (Projection, Lights & Staging News: PLSN.com)

STRONG WINDS: Last summer in Washington D.C., severe weather caused trees to topple. A permanent tent erected in the National Mall collapsed from the powerful wind gusts where several people had taken shelter. Luckily, all were rescued and no one was seriously injured. (WJLA.com news)

MICROBURST: "DALLAS COWBOYS BUBBLE TENT COLLAPSES" This structure is not the traditional event rental, but a bubble canopy. 70-80mph winds and a crazy microburst are the leading contenders for why the tent collapsed. Three people were seriously injured, including the Cowboy's scouting assistant who is permanent paralyzed. (Story here)

STRONG WINDS: At a University of Buffalo graduation ceremony the winds became stronger and stronger. As people at the event noticed the weather getter worse, they asked to move the ceremonies inside. Shortly thereafter the tent collapsed. (WGRZ.com)

YET MORE STRONG WINDS: 5,000 festival goers were under the Oktoberfest Bier Garden tent and about 2,000 people were under another tent when they collapsed from strong winds. 21 people were taken to the hospital. (TulsaWorld.com)

Not all tents are staked in the ground. Some are built specifically to handle strong wind loads. Saddle spans, (ask known as saddlespan tents) for instance, are rated for up to a 70mph wind gust and are not always anchored into the ground via traditional tent stakes. Some tents use special eco-ballast (large recycled concrete blocks) as an anchoring system and many tents use water ballast tanks. All these anchor systems can work extremely well when installed correctly by trained crew. Some tents such as TopTents newest addition to the marketplace are specially designed to even withstand snow loads.

SAFETY FIRST!

Ask questions:

Is the tent material Fire Resist (not just Fire-Rated, it must be Fire Resistant) What is the tent material? Some of the safest materials are manufactured with Polythene (PE) and Polyvinyl Chloride (PVC). How old are the tents and have they been rated recently? Are the framing materials rated? Are they structurally sound? What is the dollar amount of liability on the tents? Ask for a fax or copy of the certificate of insurance. Will the tents be staked or held with ballasts? Are the tents rated for wind, snow or other bad weather conditions? Ask the tent rental company to elaborate - how strong of winds are the structures rated for? etc. Make sure you understand the different style of tents being offered and each of their ratings. Will the tents be inspected by the Fire Department after setup? The single most critical safety decision you will make in relationship to installing a tent is the site location and the potential underground and or overhead utilities including: gas lines, power lines, septic and sewer lines, sprinkler systems, fiber optic cables, telephone transmission lines. The importance of taking the time to do whatever it takes to make a safe event cannot be overstated enough. CALL BEFORE YOU DIG OR STAKE!

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Advantages of Owning a Condominium Versus a Single Family Home

Condos For Sale In Gainesville Fl - Advantages of Owning a Condominium Versus a Single Family Home

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Home ownership on any level is wonderful. Nothing gives you a sense of pride like owning the place you live in. But when it comes to ownership, there are distinct advantages to owning a condominium versus a single family home.

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Even though the housing market as a whole has gone down, the biggest advantage of condominium or "condo" ownership over a single family home is the price. Because you are buying a single unit from the building itself, as a general rule, condos will cost less than their typical single family home counterparts. Many times you can buy a condo near or on the water for the same price or less than a house that is nowhere near the water. With a lower price of purchase usually comes a lower price of insurance and taxes as well. Because condos were overbuilt during the last real estate boom, many now sit empty and the developers are just waiting to give unbelievable deals to those who qualify. While it is true that condos have what is known as "association fees", the savings in the purchase price, plus lower taxes and insurance may just make the purchase financially worthwhile.

Location is another benefit of condo ownership in Toronto. Due to the demand for condominiums during the last housing boom for both living or investing, many developers built on some of the most highly sought after property in the city. The prime locations of many of the condominiums make them ideal places to live. Because condos are often developed near the "center of the action" in bigger cities, they are prime places for commuters and city dwellers alike.

Many condominiums have become more and more like their own communities. Many a tight knit group of friends can be woven with the condo living lifestyle. With such a close group of residents, a sense of security is generally felt knowing that you will always have good people around you to help you with whatever life throws your way. It is not uncommon for there to be social events that are usually held at a clubhouse of some sort. And many condos these days have swimming pools for a fun family getaway right in your own back yard. Neighborhoods with houses however are rarely designed to be a close knit network and many residents tend to stay to themselves. As for a pool, if a house has one, you can bet you will pay big bucks for it.

But probably the greatest advantage to owning a condo over a house is low to no maintenance. Remember, with a condo you will pay an association fee but that fee will go towards things like lawn maintenance, landscaping and general upkeep of the property. With condo ownership, gone are the days of spending your entire weekend just trying to keep your residence up. With less maintenance to do on your property you free up more time to spend with your family and friends or to just plain relax.

Clearly condo ownership is not for everyone, but then again, neither is owning a house. The pros and cons should be considered carefully before you decide what to purchase. But if you want the most location for your dollar, enjoy the company of others and want little to no maintenance then condominium ownership might be right for you.

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