THURSDAY, OCTOBER 30, 2014
THE NORTH PLATTE TELEGRAPH
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Real Estate Investing for Beginners
On the heels of a recession that saw home values drop, many wouldbe investors have shied away from buying investment properties. But real estate has historically remained a sound investment, boasting a longterm appreciation rate that makes it a worthwhile investment for those who can withstand temporary setbacks in housing prices and hold on to their properties over the long haul. But investors are often nervous as they look for their first properties. Uncertainty about housing prices aside, investing in real estate also is risky, and first-time investors need to be comfortable with such risk in order to make the most of their investments. The following are a few things potential real estate investors should consider as they decide if investing in real estate is right for them.
more to manage bigger properties, which can eat into investors' finances. Veteran investors can handle such overhead costs, but first-timers might find themselves caught off guard upon realizing the gravity of their financial commitment. A good rule of thumb for first-time investors is to stick to smaller properties, only moving on to larger buildings once they are fully comfortable with all that comes with investing in real estate.
Personal ability
Time
Real estate investors typically have tenants, and those tenants inevitably have needs. Investors who have experience as contractors may not find it difficult to renovate a property and make it more attractive to tenants, nor are they likely to be inconvenienced when minor issues on the property need to be addressed. Investors with no such experience will need to hire contractors to do the work for them, cutting into potential profits down the road. In addition, investors who don't have the ability and/or the time to address minor issues like a clogged drain or a drafty window on their own will need to hire a property management firm to tend to such needs. Such firms are effective, but also expensive, further cutting into your profits.
Real estate is often a time-consuming investment. Tenants pay good money to live in attractive rental properties, and those tenants will have a host of needs that must be met. Investors must be sure they have the time to address their tenants' concerns, especially investors with no plans to hire property management firms. Potential investors who already have full plates at work and at home may not be able to devote the time necessary to make the most of their real estate investments, and therefore Costs might be better off finding another The cost of a real estate investment way to invest their money. goes beyond the purchase price of the home. In addition to the Time also must be considered when mortgage on the property, investors considering profits. Real estate is not the type of investment that must pay the taxes and insurance turns a profit overnight. Even on the property, as well as any costs investors who are looking to invest associated with maintaining and in an up-and-coming neighborhood managing the property. Certain tax must be prepared to hold onto their breaks are available to real estate properties for at least a few years, if investors depending on where they not much longer, to maximize their live. For example, in the United investments. Though real estate is a States, taxes on the profits when a sound investment, it is not a get rich property is sold may be deferred quick type of investment, so investors if those profits are immediately looking to make a quick buck should rolled into another property (such a consider alternatives before buying deferment is only available to those investment properties. investors who arrange this exchange prior to selling the initial property). Size Potential investors need to consider First-time real estate investors might all of these costs, and might want to be wise to choose a smaller property hire a real estate lawyer to help them for their initial investment. Larger make the most of their investments properties can be overwhelming to and any profits they yield. But even manage, and investors often rely on hiring an attorney is an additional property management firms to tend cost investors must consider before to these properties. Such firms charge investing.
Even those investors with contracting experience may have little or no knowledge of how the leasing process works, forcing them to rely on a real estate firm to write up leases and ensure all leases stay current. This, too, can cut into an investor's profits. Investors who don't bring any relevant expertise to the table can still make a profit from their real estate investments, but those profits likely won't be as significant when outside companies must be hired to ensure the property is in good shape and all necessary documents are in order and up-to-date.
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CLASSIFIEDS
THURSDAY, OCTOBER 30, 2014
Shirley Kissinger GRI, SFR
530-1391 532-1810
An independently owned and operated firm.
www.kissingerhomes.com
THE NORTH PLATTE TELEGRAPH
Negotiating a commercial lease that works for you Leasing commercial space is a fact of life for many business owners. The expense of commercial leasing is considerable, but cost is not the only factor to consider when leasing a commercial space. The following are a few tips for business owners when negotiating their commercial space lease. Enlist some professional help. While seasoned business owners may be able to negotiate their commercial lease on their own, new business owners often benefit from the services of real estate brokers and real estate lawyers. Real estate lawyers can negotiate your lease, explaining key terms and conditions that may prove confusing to first-time business owners. Real estate brokers can help you find the right location, and many real estate brokers have a long working history with landlords. Such relationships can make the negotiating process easier, and they also can benefit business owners
looking for the best possible location for their businesses. Real estate brokers often get first choice at the most desirable locations, so teaming up with an established real estate broker can increase your chances of landing a desirable property. Emphasize affordable renewal options. The length of commercial leases favored by small businesses is often similar to the length of a lease on a private residence. Though the language might be more complex than that of a private residence lease, the length of a commercial lease agreement is typically one to two years. But business owners must be diligent regarding renewal options and the cost of such renewals. Come the end of your lease terms, you don't want to be met with a considerable and unexpected hike in rent just as your business is starting to take off. Work to get the most favorable renewal options possible so more of
your operating budget can go into your products and not toward your lease. Pay attention to extra fees. Many commercial leases include fees in addition to the monthly rent. Maintenance fees are common, and there may even be a separate set of maintenance fees when sharing commercial space. When negotiating your lease, ask to see a list of the costs and fees current tenants typically incur each month. When discussing maintenance fees, confirm who must pay for less routine maintenance, such as HVAC or plumbing repairs, and be sure to get such information included in the lease. When discussing such fees, inquire about utility costs as well. Utilities are often the responsibility of the tenant, but it still behooves business owners to confirm who will be paying the monthly utilities. Negotiate an exclusivity clause. Business owners often don't want their competitors to move in across the street, and they certainly don't want them to move into the same building. Protect your business from such a development by negotiating an exclusivity clause into your lease. Such clauses prevent landlords from leasing other spaces on the property to your competition. Carefully read the default language. Before signing a commercial lease, business owners must familiarize themselves with the default language therein. Determine what happens if you default on the lease, including if you will be locked out upon your first missed payment and if the landlord will immediately initiate eviction proceedings in such instances. Many commercial leases also include language stating tenants are responsible for any legal fees landlords accrue in the case of a default. Though it might be difficult to negotiate the default language in a lease, business owners should still know that language prior to signing a lease.
4 Rental
Housing
EQUAL HOUSING OPPORTUNITY
404 Apartments Unfurnished 6th Dimension Apartments, Quiet complex located at 221 West Francis, Now renting 1, 2 & 3 Bdrms, z Move-In Specials, z Pass Key Security, z Outdoor pool, z Garages available, z On Site Manager, Call 308-520-1198, www.6thdimensio napts.com
SOUTH PLATTE TERRACE APTS. 700 E. Philip 308-532-1853 Right place-Right price *Spacious 1-2 &3 Bdrm Apartments *Eat-in kitchens *Laundry machines in each building *2 Playgrounds *Basketball Courts *Outdoor Pool *Fitness Center *Garages available *No pets *On Site Manager *On Site Maintenance
www.southplatte terrace.com
Platteview Apartments 302 West Leota, North Platte, NE. Taking applications for remodeled 1 bedroom units for qualified seniors or handicapped/ disabled. Utilities paid, pets allowed. Call 308-534- 9760. Equal Housing Opportunity.
404 Apartments Unfurnished 1 Bdrm, $420/mo + $420 deposit. Gas & Water paid, No Pets. Call Brian 308-520-5875
ALLURA GARDENS
1612 EAST D 308-534-4500 Spacious 1 or 2 bedroom apartments. MOVE IN SPECIALS AVAILABLE! No Pets! Onsite Manager
Prairie View Townhouses 1101 South Tabor Street North Platte, 2 & 3 Bdrm Units No Pets
Equal Housing Opportunity
MOVE IN SPECIAL PRICES 2 Bdrm $531-$565 3 Bdrm $607-$659 4 Bdrm $721 TABOR RANCH APARTMENTS 1102 South Tabor (308) 534-5032
Pacific Place Apartments 500 Pacific #308-534-4768 NOW AVAILABLE 2 Bdrm 1st Floor $535 3 Bdrm $625 x Garages Available ·W/D Hookups ·On-site laundry ·100% Electric ·Playground ·Pet Friendly (Some Income and Pet restrictions apply) www.perryreid.com/ pacificplace EHO
404 Apartments Unfurnished
410 House For Rent
1 bedroom, and two bedroom, no pets, no smokGreat Location, Clean 1 ing, $375 plus util. (308) bdrm, Pets OK! Availa- 530-1631 b l e n o w ! Wo n ’ t l a s t ! Call now: 308-520-4414 623 South Cottonwood- 2 Bdrm, garage, $675/mo Big 2 Bdrm- 412 West + dep. No pets, Central 1st, stove, fridge, dish- air/heat 308-530-0515 washer, washer/dryer, Central Air, $650 plus Very Clean 3 Bdrm, garage, No Smoking or dep. (308) 534-4057 Pets. 314 South Walnut. $775/mo. 308-539-0025 West Park Apartments 3 Bdrm apartments available COZY & CHARMING Call 308-379-1384 1 Bdrm, just right for 1 for details oak floors, updates $475/mo 308-539-0308 Nice, clean 2 Bdrm- appliances, C/A, some utili- 413 Miscellaneous ties paid, $460/month + d e p o s i t , N o p e t s N o Big Red Storage Several smoking. (308) 520-4072 units available. Best prices in North Platte, Call North Platte, 308407 Duplexes 532-7170 1421 East 4th. 2 bdrm. Available NOW! Good location. Contact 419 Mobile Homes 308- 520-4414 For Rent Commercial Investment Services 212 No. Dewey 308-532-1332 1, 2, 3 Bedroom Rentals Available For a complete residential rental list please visit www.cis northplatte.com
2 and 3 Bdrm , Water, sewer and trash paid, $450/m and $500/m plus $450 and $500 deposit, (308) 532-7296
5 Residential Real Estate
EQUAL HOUSING OPPORTUNITY
551 Acreages & Lots For Sale or Lease, commercial 2 acre lot, on Rodeo Road. Available November 1st. Building lots with 2 car garage, zoned for duplex, East 12th and Poplar.$35,000 firm. 308-539-7846
554 Houses For Sale 3 bedroom in Brady, 5 lots, great starter home, next to park. Asking $40,000 but is very negotiable. 308-520-2099
Move In Ready 3 Bdrm, 1 1/2 bath, 1600 square feet, 709 West B, $90,000. 308-530-2509
3 Bdrm Mobile Homes immediate move in. Pets OK! 308-520-4414
428 Townhouses & Condos
Newly decorated, 1 Bdrm, No Pets, No smoking, 2 Bedroom 1 1/2 bath, References & Deposit. 1 town house, 1 car garyear Lease, (308) 520- age, fenced in backyard, 1155 or 308- 532-5537 w/d hookups, water/trash paid, no lawn responsiLeave message. b i l i t y, N O P E T S , N O 410 House For Rent SMOKING. Available November 1st. $750 mo/ 2 Bdrm- 1302 East 14th, $750 dep., 1 year lease. washer & dryer hook- Call 308-202-0323. ups, stove & refridge, Cedarwood Condos garage, large yard, $475 conveniently and quietly month + deposit & utililocated next to shopping ties, NO PETS. (308) and medical. Now avail963-2214. able a 3 bedroom, 1 car garage condo unit, 1½ bath, 1,371 sq. ft., appliances, $995/month + 2 Bdrm, detached garage, deposit, references 3 2 0 E a s t 9 t h , $ 4 5 0 / required. 308-660-5798 month and $450 deposit. www.cedarwoodcondos 308-520-1600 northplatte.com
OPEN HOUSE Saturday, November 1st, 10am to Noon Move in ready, 3 Bdrm, 2 Bath, with 2 car attached garage, 1208 West Philip, $159,000. 308-539-0902
569 Real Estate Wanted Let your hacienda with acreage in the country be mine. Call 308-5307405 and leave message with your phone number.
Add a photo to your ad for $5!
CLASSIFIEDS
THE NORTH PLATTE TELEGRAPH
REAL ESTATE TRANSFERS
10/3/2014 Gonzales, Carmen L Sydow, Rynae G 105.75 North Platte Original Town, Lt 1 Blk 45 10/3/2014 Heinis, Charles R & Connie R Comeau, Ashley Nicole 27.00 Hiatt's Replat, Lt 6 10/3/2014 Minshull, Derek J & Amy J Walker, Andrew & Alyssa 270.00 Bonner & Hupfer's Sub., Lt 5 10/3/2014 Sexson, Tyler J & Mandy L Munson, William D & Lori A 911.25 Loncar 1st Replat, Lt 5 10/3/2014 Stephenson, Ruth E Willard, Lynn A & Dorothy M 315.00 Edna's Sub., Lt 13 10/3/2014 Thorton, Sylvia A Vasquez, Carlos & Alisia L 198.00 North Platte Town Lt Company's Add., Lt 9 Blk 16 10/3/2014 Wachtel, Jimmy J Hoover, Tadd B & Tiffany M 117.00 Maxwell Original Town, Lts 14 & 15, Blk 23 10/6/2014 Conrad, Saundra L Bliss, James A & Lora A 4.50 Thomas Replat, Lt 2, Sutherland
10/6/2014 Guenthner, Jeffrey A & Jennifer Strode, Adam L & Amy M 245.25 Tatman's Replat N 47' of Lt 15 & S 19' of Lt 16 Blk 1 10/6/2014 Hawley, Dale K Hawley, David S & Tammy L 123.75 McDonald Place, Lt 7 Blk 1 10/6/2014 Thomas Agency, Inc & Thomas, Patrick W & Penny L Bliss, James A & Lori A 9.00 Thomas Replat, Lt 2 Sutherland 10/7/2014 Johnson, Cynthia Ann Starrh Bees, Inc 821.25 07, T-14-N, R-30-W 10/7/2014 Keeling, Kyle & Meesha Gore, Floyd J 18.00 Anne 1st Replat, Lt 2 10/8/2014 Twentieth Century Investments Pagel, Shaun P & Michelle M 63.00 03, T-12-N, R-29-W
10/9/2014 Smith, Gary D & Jodi L Bertholf, Jessie L, Et Al, Douglas, Kassandra M 202.50 Rodeo Add., Blk 27
10/10/2014 Blakeman, Shirley J Petersen, Bradley R & Barbara 146.50 Cody’s 2nd Add., Lt 6 Blk 5 10/10/2014 Blue, Darren E & Michele M Frerichs, Paul R & Teri L 101.25 Lincoln Highway 7th Add, Lt 20 Blk 5 10/10/2014 Hiatt, Leonard K Nutter, Gregory S & Denise L 843.75 Hiatt Administrative Sub., Lt 1 10/10/2014 Navrkal, Thomas & Linda L Whitlow, William R & Wynona B 164.25 North Platte Town Lt Company’s Add., Lt 1 & 2, Blk 34 10/10/2014 Sweeney, Matthew D Miller, Layne E 315.00 35, T-14-N, R-34-W 10/10/2014 Watters, Tye A Berry, Michael V 123.75 North Platte Town Lt Company’s Add., Lt 8 Blk 24
THURSDAY, OCTOBER 30, 2014
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10/13/2014 Dana Point Development Corporation Meadow Vista, LP 243.00 Meadow Vista Administrative Sub., Lt 1
10/15/2014 Douglas, Verna L Roebuck, Jennifer M 202.50 Selby’s Sub., Lt 2 Blk 1
10/15/2014 Wilcox, Jacob L Kruger, Gary A 213.75 Allura Garden’s Sub., Lt 6
10/14/2014 Kramer, Theresa J Wilson, Justin L 168.75 Indian Hills 4th Sub., Lt 1 Blk 4
10/15/2014 Favinger, Kenneth E Favinger, Joseph W 9.00 Graceland Add., Lts 19 & 20, Blk 7
10/15/2014 Barnes, Milton L & Julie C Tatman, Sue Ann 416.25 Eagle Estates Sub., Lt 1 Blk 5
10/16/2014 Frazier, Robert D & Vivian J McCarthy, Marion F, Jr & Ann 47.25 North Platte Town Lt Company’s Add., Lt 8 & 9, Blk 7
10/15/2014 Nichols, Jerome L aka Jerry Casillas, Ramona 393.75 North Platte Town Lt Company’s Add., Lt 3 Blk C
10/16/2014 Heessel, Robert W Heessell, Kadin C & Roxie M 67.50 06, T-12-N, R-28-W
10/15/2014 Schimek, Brian T & Megan E Baloc Enterprises, LLC 443.25 Southfield 8th Add., Lt 14 Blk 1
10/16/2014 Stearns, Karen S Anderson, Bonnie J 168.75 North Platte Original Town, Lt 4 Blk 172
10/15/2014 Baxter, Charlette Douglas, Verna L 193.50 McDonald Place, Lt 2 Blk 6 10/15/2014 Coker, Helen A Jochum, Corrine J 112.50 12, T-14-N, R-34-W 10/15/2014 Coker, Helen A Jochum, Corrine J 265.50 12, T-14-N, R-34-W 10/15/2014 Daniels, Jack W, Et Al, Schartz, Jana L Moore, Walton E 121.50 North Platte Original Town, Lt 3 Blk 49 10/15/2014 Davis, Glenn W & Jolene Gosnell, Shane M 213.75 South Park Add., Lt 7 Blk 4
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THURSDAY, OCTOBER 30, 2014
NATIONAL
THE NORTH PLATTE TELEGRAPH