Friday, 20 June 2014

National Realty Investment Advisors Adds Value to New Construction

National Realty Investment Advisors is committed to helping its clients build safe, secure retirement investment portfolios. There are many other financial service companies and investment firms that claim likewise, but there is something unique about National Realty Investment Advisors. As its name suggests, this is a company that believes earnestly in the moneymaking potential of real estate.

In particular, the company offers investors opportunities to invest in new construction income producing residential properties throughout the Philadelphia area. The company chose Philly because the city happens to offer many lucrative benefits for investors—including terrific tax advantages and a heavy demand for prime real estate. As for why NRIA  uses new construction as its strategy over existing older real estate stock, it has everything to do with creating value from new technology, materials, and 100% new construction look and feel with amenities. NRIA’s value-adding strategies are also well documented.

In fact, the company has a lengthy list of ways in which it adds value to new construction real estate. A few of those methods are listed in the paragraphs that follow.

National Realty Investment Advisors Brings Tremendous Value

There are several ways in which value can be added to new construction real estate—including the following strategies :
  • Selecting the Right Location
We all know the old cliché about real estate—that the three rules of the game are location, location, location. Like most clichés, this one has more than a little truth in it. National Realty Investment Advisors agree that location is one of the main deciders of a property’s value. Investors or buyers will select a home or a property based on things like zoning, local taxes, schools, access to amenities, safety, crime, the overall quality and appeal of the neighborhood, and more.
This goes back to the National Realty Investment Advisors decision to focus on the Philadelphia area. This is a hot market, with many opportunities for real estate success. The company emphasizes areas of Philly that are especially promising—especially “up and coming” neighborhoods in the “hotter spots” in Philadelphia where young Professionals and “Empty Nesters” returning to the City congregate and want to live.
  • Selecting the Right Land
A new construction can be made or broken by the quality of the land. A good lot does not need a great deal of development work done to make it workable—else, profit margins are shot. This company is careful in evaluating pieces of land thoroughly tested – both from a soil and load bearing point of view and environmentally – before making a selection.
  • Working Well with the Builder and Architects
Adding value to new construction means ensuring that the construction is of the highest level of quality, technology, and design. At the same time, it is important not to break the bank here—not to go over budget on the construction and therefore eliminate the profit margin. NRIA works to quote/bid to multiple builders properly, ensuring an under market pricing value obtained for its clients – due to its sheer volume of purchasing orders – and a high level of construction quality and amenities.

NRIA strategy includes the integration of the expert Architects JKR Partners, LLC and Jerry Rollers team of trained and productized specialist residential income producing Town Home designers. These superior “technical artists” and their inside knowledge and experience in over 600 NRIA Town Homes built give them an inside track to the best overall combination of design, amenity, technology, efficiency, energy saving and environmental balances. These determinations make NRIA homes of high equity value – far exceeding cost to buy land and build – and immediately rentable to high income families.
  • The Right Financing
Financing also plays a big role in the value of a new construction. Normally, it is still very difficult for most individuals to get any form of Investment Property New Construction Financing today. However, due to National Realty’s portfolio of a dozen 7 year old partner lenders familiar with the pure equity values created and earned via NRIA techniques and management of the project, up to 100% financing is available to approved NRIA clients.  NRIA coordinates financing  properly, and effectively keeps the cost of the total investment low – even with loan and closing costs included – far below its ASAP re-sale value and Income Producing Rent Value.  By deciding to use certain technologically advanced appliances, an owner can increase the overall value of their property.
  • Quality Control
At every stage of the construction process, it is important to keep an eye on the progress being made, to ensure there are no lapses in quality, no inconsistencies in the craftsmanship. NRIA takes this QA process to a new level. For National Realty this means regular weekly audits and daily progress inspections. Strict Quality control is required to meet the stringent Building Code Requirements of the City of Philadelphia and is an investment on the front end that pays off handsomely in proven Bank and Sales valuations once the construction is completed. NRIA projects in Philadelphia are the largest most successful residential equity and rent projects in recent years – as the City’s largest residential Town Home developer.
  • Working with a Property Manager
Even with the best construction and the most reputable builder, no property is ever going to run perfectly and maintenance-free forever. Upkeep issues will arise, and it is ultimately up to the NRIA Property Manager to keep the home monitored, maintained, and the tenants happy with the building in tip-top shape for its investor property owner client. NRIA makes this a complete “hands free” process utilizing strategic partnerships with the City’s 2 top Property Mangers – Premiere Access Property Management ( (and Onyx Management ( Micromanaging a real estate investment oneself is not cost-effective, especially for those with many different investments, which is why NRIA strategically partners with its team of first-rate property managers.
  • Marketing
When it comes to an investment property, the “if you build it, they will come” mentality simply does not work. It is impossible to attract the right number of desirable tenants without doing some marketing. NRIA in conjunction with its dedicated Property Managers advertises its developments heavily, ensuring that everyone in the community knows how desirable these properties are. The system of advertising, promotion, and marketing the firms has created is unsurpassed in the City and combined with the incredibly safe demographics of the tight Philly rental market , combines for a “knockout punch” in fast continuous rentals.
The proof of that is the NRIA teams “5 Year Rent Guarantee” of all expenses. It is the only guarantee of its kind in the USA and unmatched in terms of providing safety and security for NRIA clients. Says Mike Burke of Premier Access Property Management” The NRIA system is the only one delivering the Quality and desired Rentable Amenities top families want. The go fast believe me I rent hundreds of them continually”.
  • Screening Tenants
Finally, a big part of the value of a new construction—or any real estate investment, for that matter—comes from the tenants themselves. A high turnover rate—or a good many vacancies—lowers the investment’s profit margins. At the same time, not just any tenant will do: The property investor needs tenants who pay their rents in a timely manner, and who do not do any damage to the property itself. As such, the NRIA recruitment and due diligence background check process thoroughly screening potential tenants, and seeking out the right kinds of people, is proven and critically important.

All of that is simply to say that, with any new construction real estate investment, it is important to take the proper steps to ensure and protect value.

Wednesday, 18 June 2014

National Realty Investment Advisors Shares Real Estate Tips

Buying an investment property is a smart move in today’s business investment environment and can turn a significant profit, opines National Realty Investment Advisors LLC. This New Jersey-based firm deals exclusively with real estate investment property options in the Philadelphia PA area, which provides unique opportunities for people who want to build equity wealth portfolios. The art of real estate investment requires hard work, commitment, and expertise, but the rewards are more than satisfying. In order to develop a successful portfolio of high return properties in this venture, it is wise to adhere to the following guidelines.
  1. The first thing that a real estate investor should consider is location. National Realty Investment Advisors stresses this the most for investment property. When buying a property that will be used solely for investment, there are unique factors to look for as compared to it being purchased as a primary residence. Investors will want to look at the surrounding area and find out if the property is located near a college, public transportation center, or nightlife central. The ease of shopping, parking, and proximity to entertainment is all a consideration. Determining what kind of environment the property is in can help an investor properly market and advertise this asset.

  2. Economic times are tough, and so people get involved with real estate to increase their revenue stream and safely put away for the future. Tenants paying off a landlord’s investment home do just that.  However, a common mistake that is made by amateur real estate investors is spending too much time and money on improving their first property. While the property should be maintained and kept at a high level of quality, that does not necessitate a complete renovation of the property each year. National Realty Investment Advisors believes that investors should pick the right combination of finishes for their property that will add value, maintain rents, and that can last—knowing the homes will undergo wear. Kitchens and baths must be paid attention to as well.

  3. National Realty Investment Advisors indicates that, like with any business venture, it takes time to generate revenue. Entrepreneurs realize that they will not see a profit immediately and that they have to be patient if they want to see a return. The same practice applies to real estate investment. People who own properties will want to think about long-term goals with their investments. The housing market, although stable now with the financial crisis winding down, can fluctuate within a few percentage points. To see immediate results the investor must purchase the property far under its renovated or re-built value. That takes expertise or ample market study. But still, there are numerous benefits to long-term property investment ownership, such as tax advantages, positive cash flows, and long-term appreciation while the tenants pay off the homes. Within a few years, it may be possible to make enough income to turn property investment into a full-time career.

  4. National Realty Investment Advisors encourages property investors to look for real under market value when choosing their assets. Getting the right location is paramount—but not at the wrong price. Property owners are more likely to see a return on their investment if they are willing to purchase a fixer-upper and put forth a little elbow grease, saving some re-building money if they can. There are thousands of properties around the country that need renovation or re-building and are currently not rented and have the opportunity to have their rent price inflated after repair to generate more revenue. Additionally, in some instances, a fresh coat of paint or some small touchups can help investors increase the rent of their property.

  5. With any business venture, it is wise to be surrounded by professionals in the industry. Property investors should make sure that they are associating with contractors and handymen who are skilled in their craft. It is also important to have a reliable electrician, plumber, and HVAC contractor on standby to take care of overlooked problems in rental properties and perform inspections. Property owners should do annual checks of their units to avoid a large scale disaster and to take care of small problems before they escalate. National Realty Investment Advisors encourages owners to do the appropriate research and to find out how much certain tasks cost.

  6. It is crucial to screen all tenants. Many property investors have incurred problems including lost revenue because they did not properly screen their tenants before they moved in. A good rule of thumb is to run a credit report on every applicant to ensure that they are reliable and can pay their bills on time. Prior landlord references and proof of cash flow and on time payments is required. Evictions can be a costly ordeal, and the best way to prevent this from happening is to make sure all tenants are credible ahead of time before move in.
Property investors need to recognize their rights as landlords. National Realty Investment Advisors urges investors to get a referral for a competent real estate attorney who specializes in evictions and disputes. Some tenants will do all in their power to take advantage of their rental property and may look for legal loopholes. A landlord should always protect him or herself by making sure a strong written lease is signed by all parties.

National Realty Investment Advisors Encourages Hiring an Accountant

As mentioned previously, there are numerous advantages to having a long-term investment property. With the right practices and procedures, an investor can easily become a full-time landlord and rely solely on the assets from their properties to sustain their lifestyle. Part of the help one will need is to hire an accountant. This person will file the landlord’s annual tax returns, making sure he or she is maximizing their real estate tax advantages,

“You should always include investment property in your long-term wealth creation plan and retirement strategy. It diversifies you from the stock market and gives you a hard asset that produces income. If you manage it yourself it is a huge obligation; the more assets that you acquire, the more work that you must put personally put forth. If you’re going to do it yourself you should start out by managing one or two properties at first. If you do well over a couple of years, then you can start expanding into larger areas. However, a really good idea is to hire a professional property management firm to work with you so that you are not overwhelmed,” advises an associate from National Realty Investment Advisors.

Sunday, 15 June 2014

National Realty Investment Advisors | Tips for Renting Your Home

According to National Realty Investment Advisors LLC, there are numerous ways to build wealth via real estate investment. There are real estate-related stocks and funds, and, for those with more start-up capital, there are many opportunities in commercial real estate and in apartment buildings. Those seeking to start out on a smaller scale, however, can build wealth through investing in a separate home, and renting that home to a tenant or perhaps even to several tenants. Single family home rentals have proven a very successful method of accumulating wealth according to Money Magazine.

This is an exciting prospect for many, but it can also prove daunting. For first-time landlords, it is essential to select the best tenants to rent out a home. What are some of the tips for landlords seeking to find good, reliable tenants, and to ensure the smoothest transaction possible? National Realty Investment Advisors lists them in the paragraphs that follow.

National Realty Investment Advisors Shares Tips for New Landlords

National Realty Investment Advisors begins by noting that screening tenants is utterly imperative. One would certainly not open the doors of his or her primary residence to anyone and everyone who came knocking, and the same level of caution and discretion is urged for those with rental homes.

National Realty Investment Advisors, LLC... by NationalRealtyLLC
In particular, new landlords are advised to never rent to anyone who has a bad credit history; running a credit check should be the first part of the tenant screening. Also a criminal record and eviction history should be run. References should also be collected – especially including the most recent past landlord. Lastly, 30-day bank statements and pay stubs should be reviewed to check true applicant cash flows. A tenant who is not vetted, or who is screened haphazardly, could introduce problems, such as late payments; he or she may also trash the place, cause property damage, or invite unsavory friends to move in. Screening tenants can help avoid all of these issues.

National Realty Investment Advisors goes on to suggest that landlords get everything in writing. This is just good, prudent business sense. To protect both parties, there needs to be a well written lease or a month-to-month rental agreement to document the important facts of the landlord/tenant relationship. Included in this documentation should be how tenant complaints are addressed, how and when repairs will be made, and more. A standard realtors lease can work, or contacting a qualified attorney could prove beneficial. Read them all yourself and understand them well.

Landlords should also ensure that they collect a security deposit before renting out the space. It is vital to establish a reasonable and fair system for setting, collecting, holding, and returning security deposits. Of course, it is a good idea to thoroughly inspect the condition of the rental property before anyone moves in to the residence. Document the results of this inspection, and get the tenant to sign off on it. This is required in order to avoid any future conflicts regarding repair and security deposit charges.

Another tip for landlords: Make repairs. Bad landlords seldom succeed in real estate, because they quickly find that no tenant is willing to pay them very much money! As such, it is crucial for the landlord to stay on top of maintenance needs, and to try to make every reasonable effort to make repairs as soon as they are requested. A property that is in disrepair will not only alienate tenants, but it may result in those tenants getting the right to withhold their rent payments. This is just the kind of legal entanglement that landlords want to avoid, and of course, doing so is usually a simple matter of being attentive to repairs that need to be made.

Even as landlords make repairs and deal with maintenance issues, National Realty Investment Advisors says they need to remember their tenants’ rights to privacy. When landlords plan to enter the rental property, they need to provide as much notice as possible. In fact, this is something that state laws require. National Realty Investment Advisors encourages landlords to check with all applicable laws from within their own state.

For any homeowner, insurance is an important consideration. This is doubly true for those who own rental properties. It is imperative to obtain enough liability insurance, as well as other property insurance. Good insurance will protect the landlord from lawsuits, shielding him or her from responsibility for any injuries or losses sustained on the property. And of course, in many parts of the country, procuring flood, storm, and fire insurance may also be wise.

National Realty Investment Advisors says that one of the responsibilities of the landlord is to provide secure premises. In other words, it is important to make certain that the property—and the renters inhabiting it—are not an easy target for burglars, vandals, or home intruders. Sometimes, this might mean installing a home security system, but usually, there are less expensive and equally effective measures that can be taken, such as installing proper lighting and keeping the landscaping neat and trim.

Still another tip for the first-time landlord: You MUST disclose any known environmental hazards. This might mean lead paint or mold that you know to be present on the property. The best solution is to get rid of these hazards altogether, of course, but until this is done, alerting renters to these potential threats is imperative and THE LAW. Undisclosed hazards are lawsuits waiting to happen.

A final tip from National Realty Investment Advisors: Oversee vendors. You may sometimes need to bring in a contractor to attend to maintenance and repair issues. Whether this is a lumber, a pest control professional, or a painter, the service he or she provides is ultimately something for which the landlord is responsible. Supervising the work is highly recommended.

The bottom line for the first-time landlord is that there are many factors to consider, and frankly, many avenues for trouble down the road. With that said, trouble can be averted with the proper foresight and planning – assuming you have the time to do it all!

National Realty Investment Advisors provides professionally managed real estate investment properties with safe, high returns and NO PROPERTY TAX for 10 years in the Philadelphia CENTER CITY DISTRICT area. The company helps investors develop large equity and rent rich portfolios with full on-site remote management so you do not have to do it yourself.