
photo credit: Jug Jones
If you’re new to the investment property game then there are a few options to consider before you dive in and buy your first rental property.

photo credit: Clearly Ambiguous
You’ll hear it over and over again that screening your prospective tenants is one of the most important things you can do as a landlord or a property manager, but what if you already have tenants in the unit, can you screen them now? The answer is no. (more…)

photo credit: mjmonty
With all the devastating weather that’s been hitting the Midwest it’s hard to believe so many people have lost everything and don’t have any flood insurance. But many people don’t carry a flood policy and feel quite justified in this decision, and many of them are actually right not to carry the policy. If you live in a high risk area then you definitely should pick up a policy. If you live in a very low risk area, then you might want to weigh the cost of the added insurance policy against your risks and calculate your possible damages in the equation. But whatever you decide, make sure you consider both your primary residence and any additional properties you may own, even undeveloped land purchases. (more…)

photo credit: superfem
Buying a home is a really exciting experience. You’re realizing the American Dream. You’re choosing a place where you can make a life for yourself. You’re investing in something that could be good for your future. Unfortunately, a number of people go through this exciting experience only to end up disappointed with the choice that they have made in their home. They feel that they’ve paid more than they should, live in a neighborhood they don’t really like or picked a home design that doesn’t suit the needs of the family. Buyer’s regret is always a sad thing but it’s particularly sad when what you’re regretting is the purchase of something that’s so important in your life. (more…)

photo credit: thekitchendesigner.org
If you’re a property owner then you’re probably looking to get the most value out of your investment as you can, especially if own rental properties and consider this a major part of your income. One way to increase the value of your property is by making wise upgrades and investments. (more…)

photo credit: nguy1
Being happy in your rented home is obviously important but it doesn’t come automatically when you sign the lease. Being a good tenant improves your chances of having a happy and good living experience. This means being fair and reasonable with your landlord as well as with other renters.
(more…)

photo credit: Nathan Borror
A Real Property Administrator or RPA is a certification you can add to your property management resume by completing eight courses through the Building Owners and Manager’s Institute. In addition to your course work you must have also have three years of property management work under your belt. (more…)

photo credit: roarofthefour
One of the greatest benefits of owning a home is that you can use the home as collateral when you need to get a loan for expenses in your life. Most commonly this is done to cover large expenses such as repairs to the home or payment of college tuition for the kids although the funds can be used for anything. There are pros and cons to getting a home equity loan and there are different types of home equity loans to get so it’s important to understand the loans carefully before applying for them. Following you’ll find some basic information about these loans to assist you in gaining that understanding. (more…)

photo credit: mushroom and rooster
Rental units need renters or they’re not profitable. To get renters you have to advertise and draw people to your property so you can pick and choose from the applicants and always get just the right people. (more…)
Chicago lays claim to the world’s first skyscraper. The 138-foot-tall Home Insurance Building was built in 1888 and was the first building to use steel beams as support. Soon after, builders in Chicago and New York were competing with each other to build the world’s tallest building.
In the early years, the world’s highest building seemed to change from week to week as architects, engineers and business magnates raced to design, build or own the biggest, best and tallest building in their city’s skyline.
It was a race that started in the United States, where the Empire State Building won the race and held the title for more than 40 years after Depression called a halt to the building boom. The US picked up the ball again in the 1970s with the construction of the World Trade Center and the Sears Tower. But in recent years, Asia has thrown its heart and soul to the race: Taipei 101 in Taiwan is currently the world’s tallest building, but Dubai’s Burj Dubai will take the title later this year. And more buildings are in the works. Here’s a look at some of the more noteworthy skyscrapers of the last 100 years or so.
30 St. Mary Axe
London

photo credit: .Martin.
Known in London as “The Gherkin”–also as the Erotic Gherkin, the Towering Innuendo and the Crystal Phallus–this 2004 building is London’s first environmentally sustainable skyscraper. Atria between each floor link together vertically and spiral up the building. These spaces function as the building’s lungs, distributing fresh air drawn in through panels in the facade. This system allows the building to use half the energy needed to cool conventional air-conditioned office towers.
The building sits on the site of the Baltic Exchange, which was damaged by an IRA bomb in 1992. Headquarters for Swiss Re, an insurance company, the building is 591 feet tall and covers 516,100 square feet. The top level contains a private restaurant and lounge while the landscaped plaza on the ground features numerous shops and restaurants and is open to the public.
By the numbers:
20 Exchange Place
New York

photo credit: C R
The fourth tallest building in the world when it was completed in 1931, architects Cross and Cross originally envisioned a pyramid sitting atop a 71-story structure, which would have made it the tallest building in the world–at least for a short time. But the Depression forced the builders to scale back to 56 floors and to eliminate the pyramid altogether. In June 2004, real estate developers Berman and Bruckner bought the building for $152 million. The firm is in the process of converting the top 41 floors into luxury apartments.
2 International Finance Center
Hong Kong

photo credit: laszlo-photo
Tower 2 in this four-building complex is the seventh tallest building in the world at 415 meters, or more than 1,361 feet. The complex consists of two skyscrapers, the IFC mall and the Four Seasons Hotel.
Fun facts:
2 Prudential Plaza
Chicago

photo credit: mrkathika
Its beveled roof makes “Two Pru” instantly recognizable in the Chicago skyline. The tallest reinforced concrete building in the city was built in 1990 and designed by Stephen T. Wright of Loebl, Schlossman & Hackl. The skyscraper has 64 floors and reaches 995 feet with its spire.
Al Faisaliah
Riyadh

photo credit: Snap?
Riyadh’s first skyscraper is part of a complex that includes a five-star hotel, a banquet hall/conference center, luxury apartments and a mall. The skyscraper is organized into three blocks that are nine, 10 and 11 stories high respectively and separated by cross beams that transfer the load of the columns onto the pillars. Offices take up the building’s first 30 floors. Inside the golden glass globe at the top of the building is a three-story restaurant. The globe is 24 meters at its diameter.
Below the plaza is a 50,000-square-foot conference and banquet center, which can be adjusted for size with removable panels. Prince Sultan’s Grand Hall, can accommodate 4,000 conference attendees or 2,800 diners.
American Radiator Building
New York

photo credit: Doonvas
Architect Raymond Hood had been designing the company’s radiator covers when he was chosen to design the its new showroom and office tower.
The black brickwork facade and gold-painted friezes were designed to make the building look like a glowing radiator coil when illuminated at night, at least that’s one theory. Others say the architect made the bricks black so that the windows would blend in with the facade to create the illusion of a solid mass. The bricks were dipped in manganese to make them black.
The base of the structure is clad in black granite and adorned with bronze carved allegories, symbolizing the transformation of matter into energy. The black motif continued into the lobby, which was decorated with black marble and mirrors.
After remaining vacant for years, the building opened as the Bryant Park Hotel in 2001. The interior was completely changed, with black tiles and red leather replacing the lobby’s marble and mirrors. but the exterior remains the same thanks to the building’s status as a national landmark.
(more…)