Posts

Calculating Value of Commercial Real Estate Property

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The right way of valuing the property is quite important to stay in the race of business, or even if it is your property you need a proper valuation. Any decision related to real estate buying or selling needs proper valuation. Both buying and selling need proper evaluation to reap the benefits. So what actually is the Value of the property, value is the most feasible price the property could reasonably fetch in a market that is an active, open, and competitive market says   Hirsh Mohindra . Also, the transaction should be approached in a transparent manner and both the parties to the contract should be knowledgeable about the same. Are you wondering how you can correctly value the price of your commercial property? So, there are precisely three different ways that are used to value a commercial property correctly. Property that is rightly appraised is the property that benefits you. Without any ado let’s look into these three approaches. The Market Value Approach The first and for...

How To Run A Real Estate Business

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The real estate business can give you a 7 figure salary in a year if you upgrade yourself. Here Hirsh Mohindra will advise you to avoid common mistakes done by many real estate investors and tips to start your real estate business. Learn how to become a self-made millionaire in the most profitable real estate business for now. Customer Satisfaction When you are starting your Real Estate business, first of all, customer satisfaction is very important. If you want to succeed in the real estate business, customer satisfaction will be the key to your success. Every client wants their house to go up in the market price and you should know the customer’s expectations well. Get a CRM In the current business scenario, everyone needs a CRM to make their work smooth and easy. It can help to transfer the work from one place to another place with no delay. Make things easy for smooth work in real estate. CRM is in the demand in the real estate business to make things smooth and easy. Give the...

Is Real Estate brokerage profitable in 2022?

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In today’s era, there are very few businesses that seem lucrative. Real estate is one such venture that has become lucrative to investors says Hirsh Mohindra . But for every business, you need to understand the technicalities of the venture to succeed in the real estate industry. You can learn so from the examples set by serious business owners of the industry. For becoming successful in this venture, you need to know what it takes to run your own business. Starting off as an independent brokerage does not work for everyone, so you can start off as an intern under some reputed real estate agent firm. If we look at the records of the industry as a whole, we will observe that real estate agents make more money than most real estate brokerages don’t make much profit. The foremost reason behind this is the high overhead cost and the declining revenue of the industry says Hirsh Mohindra . So, what exactly is the job of a real estate brokerage? They basically tend to attract g...

Project Initiation in Real Estate

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Hirsh Mohindra : Project Initiation is the process of getting a project off the ground. It’s when you get started on your dream and begin to see it come to life. This is where most people start, but they don’t realize that this first phase of their project will take them years to complete. They think that once they have an idea for a property, then all they need to do is find the perfect location and build it from there. This isn’t true! The real estate market has changed drastically over the past few years, and now more than ever before, you must be prepared for all the challenges. You don’t need any experience or education in order to become successful in Real Estate. All you need is passion, drive, dedication, determination, and hard work! This blog will teach everything about project initiation and how you can make money in real estate. Idea Project initiation is also known as “concepting” or “idea generation”. This process can be used by any type of real estate deve...

Top Real Estate Marketing Strategy to Expand Business

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The top real estate marketing strategy is to create a good brand image. You have to be unique in your business and you should not copy others says  Hirsh Mohindra . It’s better if you are the first one in your industry or with your product or service. So, it will make people trust you more than other companies. Here we are going to discuss some useful and top real estate marketing strategies to expand your business. Online Presence The best way to expand your business is by having a strong online presence. There are many ways to market your property and it all depends on what you want from the property. If you want to sell, then you need to have a website that has all the information about your property and also an email marketing campaign that will help in getting more leads. If you do not have these things, then it might be difficult for you to get more buyers or tenants for your real estate properties. Create A Website The top real estate marketing strategy to expand your busine...

Real Estate Planning Process

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It is a process of planning for the future by which you can plan your life and make it more comfortable. You can also get the best property at a much cheaper price than any other way. The real estate planning process is a series of steps that are taken to ensure that the real estate assets are protected and used for the intended purpose. It includes taking care of all legal issues related to ownership, maintenance, use, and transfer of property. It also includes documenting the details of the properties including their location, size, condition, etc. here we are going to discuss Analyze, design, and implementation phase in detail with   Hirsh Mohindra . Analyze Real estate planning is the process of analyzing and identifying all possible factors that can affect your business or personal life. It includes a detailed analysis of your assets, liabilities, and financial position. All these elements are considered to be the basic components of an effective rea...

Myths About Real Estate

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When you plan to invest in the real estate field, there will be lots of useless and bad advice. If you are also jumping into the real estate field and facing this problem, don’t lose hope. Here we are going to discuss some myths about the real estate market with Hirsh Mohindra . You Should Be Rich Enough To Invest In Real Estate Many youngsters think that real estate is the field of millionaire people. This is their big misunderstanding about real estate marketing. Without knowing about real estate marketing they quit this field. Real estate investments can be done with some knowledge and a few funds. This is not rocket science. Unless you will not try to know about it and real facts about it, how you can grow in it. Every business needs some funds to start, but it does not mean that it is only for rich persons. All Real Estate Agents Are Same Hirsh Mohindra : A maximum of people are confused about real estate agents. About their salary and commission. Many people think t...