Because there is no Best Home Based Business!I was on a team webinar last night that had a Q&A at the end. It made me realize something about our business that I wanted to share with you and get off my chest, quite frankly. Why did you join your current company in the first place? Was it because of the income opportunity that the business presents or the fact that you absolutely love the product and need to have it? The real question is “What is the Best Home Based Business For You”.It really comes down to what you are looking for. Let’s not sugar coat it though…the reason we all get involved in network marketing is to make money! People tend to make excuses for their lack of success and lose sight of why they are in their network marketing business in the first place.A little nit-picky comment was made by one of the team members about the product mix and my sponsor responded exactly the way I would have! He said (and I paraphrase):”Our products are fine…better than most actually. But, if you are looking for a business where you can just sell products, this is not the business for you. We are selling a home based business opportunity. You can set-up a website and just sell products OR…you can grasp the opportunity that you have right now, and that you have already paid for, selling a very lucrative home based business opportunity that can earn you a substantial income this year IF you work. The choice is yours.”Mindset is everything. I learned this a long time ago and it holds true…If you are waiting for everything to be perfect before you take action, you’ll never take action. If you are in a home-based business, then you are an ENTREPRENEUR…a business owner. You need to think like a business owner and only you know why you joined your current company in the first place. There honestly is no “Best” home based business in my opinion, although there are a lot of very good ones, so STOP looking for it!Decide if you would prefer to sell products or sell a business opportunity. Do your due diligence to make sure that the company makes you feel comfortable. Then…Go For It!

When we join a new home based business we are full of hopes and wishes, such as: buy a new car, get to live in a bigger house, the ability to pay our bills at time, or finally quitting that job we hate. At a first glance, a home based business is all about making money while working at home. And this is not something wrong! But looking closely you will see that the best thing you can get from working home, is not about money. Maybe for some of us a home based business means money, but for some other is about something more important.For most of us working from home with a home based business means that we have the necessary time to spend with our family, with our kids. Childhood is a short period in a kid’s life and being able to be there in that period of time is something invaluable. It is really hard to spend time away from our kids in this period, but for most of us this cannot be avoided with a regular job…One of the best things at a home based business is that you get the opportunity to work, make money, and also spend quality time with your close ones. You can put up a program of work around their daily program so that you can always be near them, at a school activity, or in the park. From now on you will never again miss a special moment in their life (like a piano recital, etc.). You can also take them to different trips, vacations, and let them see the world. With a home based business you will not be forced to ask for your boss for some time off so that you can be with your family, but you will be there whenever you want!How would be to get the opportunity to check your kids homework daily? Or participating in school activities? Even if for some people a home based business is about money, for some others the free time spent with their family means something more.

There are a lot of advantages one can enjoy if you are able to establish your own business, especially if you conduct it at the comforts of your own home. With a home based business you will be the one to dictate your own schedule and more importantly, you will have the opportunity to earn the kind of money you want. It should be noted though that starting a business requires a lot of hard work and time as well, even though it would be done at home. It is best that you follow certain steps, so that it would serve as your guide in jump starting your home business.The very first thing that you need to do in starting your home based business is to determine which among the many options you want to try. There are several home based income opportunities you can choose from these days, and choosing which one you want is actually one of the crucial steps you need to take.In choosing your home based income opportunity, you need to know that you can either choose to go the internet way or conduct a business at home offline. If you are more comfortable conducting a business at home operated offline, then you need to choose whether you want to sell items or provide services. If you are a sales kind of person, then you need to choose a product to sell, or make one. Selling certain products at home is not as difficult as it seems, especially if you have a designated place you can conduct your business on. For example, you can always hold garage sales, so that you can conveniently do it at your own garage. Aside from that, you can also sell pastries or deserts, which you can simply place inside your refrigerators. With this, you actually do not need to have an actual place to conduct your business, since people will just drop by to buy your products. On top of that, you can soon accept orders, so that you will have more chances of expanding your business.Providing services is another way of starting a business based at home. You can provide tutoring; dog walking, or handyman services at home. Aside from that if you are quite a techie person, then offering to troubleshoot and fix computers would also be a good way to earning some money and eventually start your business. You need to make sure that you provide high quality services, so that you will be able to gain more clients. With more clients you have, you will be able to expand your business in just a short period of time. The important thing about providing services is to identify your skills and talents, which you think would be able to help people. Therefore, starting today, you should try to get to know yourself better and identify them.Once you have determined the kind of home based business opportunity you want, you need to make people around the neighborhood be aware that your business exists. You can do this by applying certain marketing techniques to promote your business. You can make use of banners and post them on strategic points in your location, so that people in your community would soon call or visit you. Tell your friends and relatives about your business, so that they can also help in spreading the news.

Property Management Functions:

» Agency
» Maximizing Occupancy
» Financial Reporting
» Communication
» legal Compliance
» Maintenance Coordination

Agency

The property manager’s primary task for successful management is a comprehensive understanding an owner’s goals and expectations. As agent or fiduciary for the owner, the property manager makes it an absolute priority to remain loyal to and honest with the owner at all levels of the transaction management process, including property management.

Maximizing Occupancy

Occupancy levels of properties determine their income. The financial implications of vacancies for owners are the number one concern. Therefore, maximizing the occupancy of all properties is the primary goal of any management company. Yet depending on the amount of upside potential of a property versus the cost of obtaining new tenants, the strategy employed for maximizing occupancy may vary considerably from one property to the next. An outstanding manager excels in determining the best course of action, either for retaining existing tenants or finding new tenants. If finding new tenants is the chosen objective, after a careful evaluation of market rents, the manager uses every means of advertising at its disposal to get results: on site post and banner advertising, creative and aggressive custom web campaigns with videos, or newspaper advertising — with the aid of publicists if necessary and within budget.

Financial Reporting

A key responsibility of the property management company is the preparation of financial reports for the owners. Since financial reports are designed to meet the specific accounting needs of owners, the frequency, format, and detail level of financial reporting required is dictated by the owners. The number of reports issued and timing of reports also varies depending on property ownership structure and the accounting or supervisory needs of owners. State-of-the-art property management software to achieve the most proficient custom financial reporting is a must.

Communication

Owners expect their real estate managers to know more about their properties than anyone else and, more importantly, to communicate that knowledge frequently and in detail. The frequency of communication expected will vary from owner to owner. Different levels of ownership experience, varying property types, conditions, and locations all make for varying degrees and frequency of reporting required. A great management company is expert at working with owners to determine the right amount and frequency of reporting required to achieve expert communication whilst maintaining the highest level of management productivity. Best of all, with the online owner information portal, owners can easily access property information, rent rolls, and property financials anytime.

Legal Compliance

A management company has to be careful to fulfill all legal requirements-federal, state, or local- for managing and operating their property. Key legal issues to be dealt with include Landlord-tenant law, lease negotiation, evictions, and property specific concerns pertaining to various property types (common interest realty associations, multifamily, commercial, office, shopping centers, etc.).

Maintenance Coordination

Time and use take their toll on property. Owners expect their real estate managers to protect their investments by maintaining the physical aspects of the structures and common areas. Because a carefully maintained property keeps residents and tenants happy and preserves the property’s appeal, it is also critical to ensuring continued occupancy and, ultimately, cash flow. A good property manager therefore approaches maintenance with the following objectives in mind: achieving optimal functioning of property; reducing operating costs; extending the useful life of equipment; achieving tenant satisfaction; increasing tenant retention; and maximizing property income and value. But the degree of maintenance required, spanning from cosmetic repair and preventive maintenance to corrective or emergency repairs, depends on many factors such as property cash flow, investment horizon, and degree of pride of ownership.

Just when you thought you knew everything about real estate law, there comes along something that changes everything. Let me explain something that recently happened to a friend of mine that owns a coin op carwash and a mini storage unit does right by an airport. The new Department of Homeland Security laws requires that each Airport have a buffer zone between the airport fence and the rest of the world. This is to protect against so-called terrorists coming onto the airport property or firing a weapon over the fence.

Despite what you might think about such a topic, or how you lean politically this can be a huge problem if you own a piece of property that is adjacent to the airport. In this case, my friend found that his properties were cut in half by imminent domain and the government bought the properties at the bottom of the market. When they cut off the back of his coin op carwash, it was no longer usable and therefore he had to tear down the facility because he couldn’t make money with it any longer.

There simply was not enough room to turn around in vehicles and therefore no one came to get their cars washed anymore. He couldn’t sell the carwash equipment or the building to anyone else for the same reason. They didn’t give him enough to pay for his losses but he was stuck.

He originally purposely put the carwash and the mini storage unit next to the airport because he knew someday that land would be worth more. So even though his businesses were barely making the payments as it was during the recession he figured that his investment was safe and he was going to use that money to retire someday when he sold the properties in 20-years.

Just because you think you know real estate law, does not mean that your investments are safe. Please consider all this.