Police Motorcycle Auctions – Steps to Buy a Seized Bike Now

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Everybody likes to save money when they make a major purchase such as a used ATV or a powersports bike. This is especially true in this period of economic crisis.

There are many normal auction houses which allow potential motorcycle purchasers to make significant saving, yet arguably the safest way to buy a bike is to visit one of the popular police motorcycle auctions.

Over the last decade it has been increasingly common to find the police selling off all sorts of goods, sometimes at rock bottom prices, purchasing a motorcycle from a police auction is possibly the best way to procure the bike you want at a bargain price.

Officers sell motorcycles for many reasons. Usually these bikes have been stolen and then recovered, or the motorcycles were just seized by the government. Although in this situation the bike will usually be purchased without a number plate or documentation, the new owner will need to re-register the bike.

Some police motorcycle auctions will have already taken care of the paperwork, meaning the bike is ready to put back on the road. Often officers will have exotic items like all terrain vehicles, which they have been seized and confiscated from a criminal or criminal group, and are unable to track down the original owner.

In this case the government will keep the item for a set period of time, to allow the original owner to come forward and claim it, after a certain time the bike will be put up for sale.

Lastly, the police motorcycle auctions will occasionally sell off used equipment, including bikes, these will have all of the branding and special equipment removed before they are put up for auction. These can be exceptionally good purchases if you are lucky enough to find one.

As mentioned in the previous section, purchasing and ex-police bike from a can be an excellent way to procure an exceptional bike at a great price.

Officers have a policy of decommissioning vehicles within 3 years of purchase and during their lifecycle they are maintained impeccably. During the time that they are used by the government they are seldom driven aggressively, and when they are it is in the hands of a very experienced and highly trained rider.

Therefore, almost every bike will be in superb mechanical condition when it comes up for auction. We also need to consider the fact that some local forces order their motorcycles with factory modifications already installed.

These come in the form of increased engine performance, better braking systems, improved suspension and suchlike, finding one of these bikes at auction is something of a gold mine, you can avail yourself of a factory modified bike at the fraction of the cost of purchasing one from the manufacturer.

Police motorcycle auctions are fairly safe when it comes to risks involved. That being said, it is still important that you check out any bike you intend to bid upon before the auction starts.

You will have no worry over the actual financial transaction involved in buying a bike from a police auction, although you will still need to make sure your choice of bike is suitable and in good order.

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Source by Jay Fran

Buying a Second Home in the Florida Keys – Don't Rent Your Vacation Home, Buy It!

Immobilie bewerten, Immobilie Wert, Immobilienrechner, Verkaufsrechner, Immobilienwertermittlung Tel: 06227-399170 Handy: 0176-2116-9990 eMail: info@heidelbergerwohnen.de Internet: www.heidelbergerwohnen.de

With Florida Keys real estate prices down to 2003 levels, there are lots of opportunities to buy a second home at a great price in this paradise of islands. The Florida Keys has long been a big draw for people who visit often enough to see the advantages of owning their own vacation home instead of paying rental fees every year – not to mention costly hotel rates.

A Monroe County ordinance restricting short term rentals makes it tough to find properties that can be rented for less than one month, but in incorporated communities such as Key Colony Beach, there are plenty of properties with short term rental licenses. Buying a home like this may allow you to rent your home when you're not using it.

Here are two listings in Key Colony Beach that already have rental histories.

A half duplex on open water (MLS # 541138) is offered at $ 745,000. This two bedroom, two bath stilt home faces east on Bonefish Bay and offers the boating enthusiast a deep draft, 30 foot finger dock that can accommodate a boat up to 50 feet. The home comes fully furnished and has tiled floors, central AC / heat, accordion storm shutters, washer dryer a fish cleaning table and outside shower.

Another KCB half duplex (MLS # 546837) listed at $ 399,000 offers a lovely deck on a wide 100 foot canal, thirty feet of canal front with a cement bulkhead and a wood step down dock. There is even a designer (D'Asign Source) cement fish cleaning station. The property is nicely landscaped and fenced, and outdoor furnishings include a gas grill and patio set. The cozy two bedroom, two bath home has central air with heat, tile and carpeted floors and a fully equipped kitchen including dishwasher. All rooms are furnished; It's move in ready with a rental history and future rentals in place.

Key Colony Beach offers all the delights of the middle Florida Keys – excellent boating, fishing and diving, plus the amenities of a beach club. The neighboring island of Marathon offers a golf course, restaurants and night life and an international airport.

Find some tips on buying a second home from MSN Money. Details on the homes described above in the resource box below.

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Source by M. -J.

The Services Provided by House Clearance Companies That Makes Your Life Easy and Stress Free

Immobilie bewerten, Immobilie Wert, Immobilienrechner, Verkaufsrechner, Immobilienwertermittlung Tel: 06227-399170 Handy: 0176-2116-9990 eMail: info@heidelbergerwohnen.de Internet: www.heidelbergerwohnen.de

The level of service that is provided by the house cleaning companies nowadays, have come a long way from the old days when this service was first started in a professional way. The stress is being more environment friendly, so you can be assured that the waste that is collected from your home will be recycled in an useful way, rather than being discarded in a dump yard where it would collect rust. All the ethical companies of recent times are very conscious of this fact and if you hire a reputable company then you can be rest assured that your stuff which has been rejected will find a suitable end.

So how do you find a reputable house clearance company that will adhere to all the rules and regulations while carrying out their task in a sensitive an deficient way … well there are a number of methods, and if you keep in mind some points, Then you will surely get a company that carry out the service in a way which does not harm the environment as well as takes care of all your clearance needs. Below mentioned are some tips for choosing the right company:

  • Before beginning the job, specifically ask the company how they plan to recycle your waste products, and what are the fees that they will charge for the entire work. It will be better if the entire thing is taken down in writing, so that there is no debate on the charges applicable while the job is completed midway.
  • Make sure to ask the clearance company what they plan to do with the bulky and hazardous items and how they plan to recycle the same, so that there is no harmful carbon footprint left behind during the clearance process.
  • Make sure that the company you are thinking of hiring have all the necessary legal papers to carry out each clearance task in a proper way, and do not land you into trouble in any way by irresponsibly dumping things where they are not supposed to get dumped. Ensure that they are fully covered with liability insurance so that you don't face any huge damage if by accident there is any damage to the items that you have planned to keep or to the property in general.
  • Pay attention to the fact that the house clearance company that you have hired has all the heavy duty trucks or vehicles that can haul away any item, as well as their manpower are trained and experience so that there is no hitch in the clearance process.
  • Make sure that the company you choose is properly registered with the environment agency, and carry out their clearance function in an eco friendly way. All the materials should be hauled away safely so that the grounds around the house or property is not littered and does not mess up the locality.

There can be a number of reasons why the services of a house clearance company is required by a homeowner or a property holder. Whatever the reason it is the main aim of the house clearance company to clear the clutter and bring things to a manageable level. The services of clearance can also be required by people looking for selling off their property or letting them out on rent. Hence the house cleaning company should be trained to handle a wide variety of items starting from washing machines, refrigerators to carpets and furniture, books and bikes, as well as clothing or upholstery items. A qualifies house clearing company provide services that will most likely be charged, based on cubic foot of area to be cleared, in addition to any extra instruction such as removal of toxic or harmful materials and recyclable substance. Molds, mildew, lead based paints all come under the purview of clearance and make sure that you choose a thorough professional who will be able to handle all and everything.

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Source by Leon Grant

Pros and Cons of Rent Back

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This market has brought several challenges. Sellers who cannot and / or will not move until they know the money is in the bank and title has transferred. Many sellers are requesting to retain possession and / or rent back after close of escrow. Typically up to 30 days. I have seen some who need up to 90 days.

Pro- For seller definitely assures them of money in the bank and the funds to be able to move.

Provides breathing room to pack and locate another home.

Provides more time to clean house per se … that is sell items not needed and / or give to a charitable organization or toss.

Buyer-In a sellers market this could be a clincher in a multiple offer situation.

Buyer can confidently give notice at present location knowing they will have a definite home on such and such a date instead of giving notice when the deal has not been finalized.

Things to consider for both parties … You have now went from Seller / Buyer to Tenant / Landlord … Consideration should be accounted for in escrow for rents. Typically we determine rents on lease back by taking buyers PITI (Principal, Interest, Taxes and Insurance) on their new loan divide by 30 days and have the escrow company withhold amounts as agreed to in purchase contract. All is negotiable. Should be determined in writing prior to close of escrow. Buyer needs to make sure insurance is in effect. Seller should check with their own insurance as to what is covered in this type of transition. Seller is responsible to maintain the property while in their possession. Buyer now becomes responsible for maintenance of the home for any repairs that might be needed. Would suggest a home warranty be obtained to cover unexpected issues that might arise. Murphy's Law always shows up post sales in one form or fashion. Some frown on lease backs but if done properly will be a tremendous help to both parties.

Can complications occur? Unfortunately yes … sometimes sellers have not made the proper arrangements and feel they can take advantage by staying longer than contractually agreed to, leaves the home in total chaos, does not report broken items etc. Buyers get impatient and want possession sooner.

Escrow instructions should be mutually agreed to, to hold out a little more as a deposit for peace of mind on buyers side.

Both parties insurance company needs to be contacted to insure there is no misunderstandings in the event of a fire and / or other natural hazard that would result in claims.

Have contract or instructions in writing as to details of the leaseback. Remember failure of either party to perform could result in litigation.

Most lease backs perform without issue. Just KNOW your rights whatever side you are on and ALWAYS have instructions or contract in writing to lease back.

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Source by Terry Osburn

The Real Estate Investors' All-Cash Formula For Buying a House

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As you move forward into the business of buying and selling houses, you'll need to start looking at how successful investors make offers. Let's say you already have your marketing in place. You're getting leads, and you know how to pre-screen those leads by asking three questions:

1. Is the house pristine or neglected (pretty or ugly)?
2. Can you buy the house with immediate equity built in the day you buy it, or can you create equity?
3. What is the degree of the seller's motivation? The way you can answer that is by looking at the WWOW:

W : What is the property WORTH (value)?
W : How much do they WANT (asking price)?
O : How much do they OWE (the loan balance, if any)?
W : WHY are they selling (their motivation)?

Let's say a lead comes in on a property estimated to be worth $ 100,000 (after the house is fixed-up) by a certified appraiser, but the seller is asking for $ 75,000. They owe nothing on the house, and the reason they're selling it is because it was inherited.

You've now got clues to answer all three of the questions above. To the seller, that house is little more than a free pile of money gifted to them from a relative. Not only are they not emotionally attached to it, but they are telling you by their asking price that they are willing to give up $ 25,000 worth of equity. That immediately answers questions two and three. You know you've got them leaning in the right direction. Their motivations are in your favor.

By looking at the average house price in the market of the lead, you can tell whether it's a pretty house or an ugly house. In this case, let's say the market average in that area is $ 200,000. With this house being below market average (because it's only worth 100k) we would lean toward this probably being an ugly house, most likely needing some degree of repairs. Now there are really only two buying strategies when it comes to buying ugly houses-either All-Cash or Split-Fund!

The other four buying strategies are for pretty houses only because your exit strategy for getting rid of a property that you get a deed on, for example, is to owner finance or lease option that property when you sell it. You're taking over someone else's mortgage and then you're going to create financing with your buyer that wraps around the mortgage that you took over. You are only going to do that with pretty houses because you'll be selling to a higher-end buyer-they're usually more responsible and can pay bigger down payments.

Even if you can get a super deal on a house buying all-cash, you never do it on a pretty house because there are only two ways to lose money in real estate-writing a big check to buy a house or signing your name to a big bank loan in the process of buying. Even if you could get an $ 800,000 house for $ 500,000 all-cash, you don't violate those rules. Not that it's out of the question that this can turn out to your benefit, but it's rare-it'll happen maybe once or twice in your entire career as a real estate investor, if at all. As a rule, it's a safer bet to take an option on a pretty house rather than risk your cash.

So we're going to focus on the all-cash strategy in this example.Since we've determined that it's an ugly house, we have to consider that it will need repairs. You don't have to be absolutely accurate about what that estimate will be. In fact, you can underestimate and still not get hurt badly because when you're using the all-cash formula, you'll be guaranteed to turn a profit. Based on what the owner says the house needs-new paint, carpets, minor upgrades as such-we can make a ballpark estimate that repairs will cost about $ 10,000. So what can you offer based on this scenario?

The maximum offer for an all cash purchase is 65% of the ARV (After-Repair Value) of the house.

That leaves a 35% profit, hedge factor, cushion, whatever you want to call it. For this example, let's say the ARV, based on legitimate comps, confirms that the house is indeed worth $ 100,000. Multiply that by .65, then subtract the $ 10,000 in repairs, and your maximum offer would be $ 55,000.

The reason why we buy at 65% is because we leave open one of our selling strategies-wholesaling. When you wholesale the house to someone, you're typically selling it to an investor who is going to buy it in cash from you, then rehab it and sell it again. When you buy at 65%, you can typically sell it fairly quickly to an investor at 70%, turning a 5% wholesale profit.

This formula only changes when you write a check and pay cash for a house when you current real estate market conditions declining in value. In such cases, you may want to lower your buying all-cash formula factor down from .65 to .50. Before you make the offer, make sure you have reliable comps on the house and include a repair estimate, a ballpark number that's reasonably considered. Also, when making an offer, you don't want to come out of the gate making your MAO (maximum allowable offer). You might want to start out around $ 48,000 in this case, or wherever you'd like, but you know that the most you will offer is your MAO of $ 55,000.

If we're writing a check for anything, we're either getting it at a great discount or we're not doing it. As long as the ARV is correct and you factor in repairs somewhat accurate, you will never get hurt using this formula.

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Source by Tim C Taylor

Equity of Redemption and Law of Mortgages

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Mortgages provide for the repayment of the loan on a specified date. The effect of failure to redeem on the due date meant that the legal right of the mortgagor to extinguish the mortgagee's rights had gone forever, and in addition, the mortgagee could sue for repayment of the loan. This did not appeal to equity, therefore the courts evolved a rule that the mortgagor could redeem the mortgage by paying back the mortgage debt and all interest on it at any time before the mortgagee sold or foreclosed. This has had a major impact on new home owners versus the frequency of Jamaica home rentals.

This right of the mortgagor to redeem after the due date is his equitable right to redeem. But from the start of the mortgage, the mortgagor has been possessed of a species of equitable interest known as the equity of redemption.

This interest is a bundle of equitable rights, including the equitable right to redeem.

Law of mortgages

A mortgage is a form of security for the repayment of money lent. Mortgagor (Borrower) is the party who conveys the property by way of security. Mortgagee is the lender who obtains an interest in the property. The importance of the mortgage is that if the borrower fails to repay the mortgage debt, the lender has the powers under the mortgage, of realizing the value of the mortgaged property and repaying himself out of the proceeds.

Equity of Redemption – suppose a house worth $ 100,000 was mortgaged to secure a loan of 25,000. Obviously, the mortgagor still has asset worth $ 75,000. This is an equitable estate – the equity of redemption. Without paying off the mortgage, the borrower can sell, lease or devise his interest. This is in fact transferring the equity of redemption. He can also mortgage it, so that there may be a number of mortgages affecting the property.

The mortgagor has two rights to redeem his property:

1) The contractual right on the date specified in the deed, and,

2) The equitable right to redeem, on payment of principal of the loan, the accrued interest along with fees and loan costs, and establishing proper notice to the mortgagee. This does not take effect until and unless the contractual right (the mortgagors prerogative) to redeem, on the date fixed in the mortgage has passed. This process of curtailing the equitable right to redeem and so leaving the mortgagee with a fee simple is known as foreclosure.

Foreclosure

A foreclosure puts an end to the equitable right to redeem and so destroys the equity of redemption. It therefore follows that the right to foreclosure cannot arise until the legal date for redemption has passed; for only then does the equitable right – which is the victim in a foreclosure action – arise. An action may apparently commence immediately the legal date has passed, but in practice however, an action for foreclosure is not usually begun except after such default as might justify a sale. While the matter of frequency is not a grave concern it does affect Jamaica home rentals positively, so rent income increases for some property investors.

The effect of a foreclosure is that it vests in the mortgagee the fee simple (or the whole of the mortgagor's estate) and it also extinguishes the mortgagee's mortgage term and other corresponding mortgages. But prior mortgages are not affected by the foreclosure: they still subsist and the result is that the foreclosing mortgagee will have to redeem these prior mortgages if he wishes to be absolute master of the property. For example, suppose there are four mortgages of the fee simple in the property which were made to A, B, C and D in that order.

If it forecloses, then the unencumbered fee simple vests in him because all the subsequent mortgagees, that is, those of B, C and D are extinguished. But if C forecloses, he only extinguishes D's mortgage, those of A and B remain and he must redeem these mortgages by paying off A and B if he wishes to have the property unencumbered. Of course, in any foreclosure action by a mortgagee, subsequent mortgage must be made parties to the action and are also given the opportunity to redeem the mortgage of the foreclosing mortgagee. Thus, in our example, when A was foreclosing, B, C or D could pay off A and redeem A's mortgage, thus preventing their own mortgage from becoming extinguished.

This principle has given rise to the saying, "redeem up, and foreclose down". Therefore, any mortgagee can foreclose in an action to recover land and action must be brought within twelve years from the date upon which the right of recovery accrues.

Jamaica real estate agents with house rentals have identified that in recent times they have seen a growing number of listings coming from financial institutions as they are unable to divest foreclosed properties.

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Source by Colin Scott

Understanding Mortgages – What is a Lien?

Immobilie bewerten, Immobilie Wert, Immobilienrechner, Verkaufsrechner, Immobilienwertermittlung Tel: 06227-399170 Handy: 0176-2116-9990 eMail: info@heidelbergerwohnen.de Internet: www.heidelbergerwohnen.de

When discussing mortgages, one term that often arises is "lien." A mortgage is not a loan, but a lien on the property that keeps the loan secure. It is important to understand this confusing term in order to properly understand mortgages and property ownership.

A lien is a hold on your property so that is can be used as collateral for money or service you owe to another party. A lien can keep the borrower from selling a piece of property by preventing the transfer of property title to a new party. Liens are often involved in situations in which one person or party has loaned money toward a substantial item in the possession of a borrower, such as in a mortgage. A lender can force the sale of any property that has a lien in order to collect money owed from the borrower. If instead the borrower decides to sell the property, he or she must pay the lien-holder before the property title can be transferred to the buyer.

One common example of a lien is a construction lien. When a property needs repair, maintenance, or renovation, the property owner often hires someone to do the work. After the work has been completed, the property-owner is legally obligated to pay for the improvements to the property. The lien exists in order to help ensure that a construction worker can be properly compensated without having to sue the property owner.

If you have decided to purchase property, you should make sure that there is no lien on the property. A lien on the property may mean that the person attempting to sell the property is not the legally recognized property owner. Therefore, a lien can prevent you from securing a clear title, and you may not fully own the new property you have purchased. You can hire an abstract company to conduct a title search by delving through public records concerning the property's history to be sure that no lien exists. The title search should also indicate if the seller is legally recognized as the property owner, the description of the property, and details of any lien or other holds on the property.

A mortgage is one type of lien. Therefore, a mortgage is not a loan in and of itself, but rather a way for a lender to secure property rights while the borrower still owes money. Although the term "mortgage" is often used interchangeably with "loan," the two are indeed different. Before deciding to buy or sell property, it is important to be fully informed about legal issues surrounding mortgages and titles to be sure that you fully own the property.

For more information about loans, mortgages, refinancing, and other issues, visit the website of the Milwaukee bankruptcy lawyers of the DeLadurantey Law Office, LLC.

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Source by Joseph Devine

4 Benefits of Using a Multiple Listing Service

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Today, realtors strive to make selling homes for potential sellers as feasible as possible. They have invested millions of dollars in developing Multiple Listing Services (MLS) and other technologies that facilitate efficient transactions. Through the MLS, brokers are able to share information on their property listings with other brokers who get compensated when they produce a buyer. Even though the real estate market is competitive, this arrangement has allowed competitors to cooperate in order to benefit the sellers.

1. Increased Exposure to Property

With MLS, sellers do not need to struggle to get potential buyers to see their property. Instead, the service lists their property, which is viewable to thousands of home seekers who visit the sites. Brokers cooperate with other brokers to list the property on multiple sites. This allows sellers to use a platform that was created by realtors for realtors to leverage a wide market for their property. In the long run, this helps to reduce unnecessary fees.

2. Sellers Can Relax

In the past, sellers used to work with several brokers and realtors when selling a property. This proved to be daunting, especially when making follow-ups and meeting potential buyers. This is no longer the case. With MLS, you take the photos of the property and upload them to the site. This allows buyers to get a picture of the property before a visit. Most providers allow the listing to remain on the site up to 6 months until the seller gets a buyer.

3. Professional Legal Help

There are legal aspects that are involved in selling a property and it is important to get everything right. Any issue could lead to delaying the sale of the property or not selling it at all. There are agreements to be signed that highlight the estimated price, advertising costs, commissions and agreement duration. A multiple listing service helps sellers to understand and meet some of these requirements to ensure a hassle-free sale. They also can help in unique cases such as where a divorce is involved.

4. Guaranteed Seller’s Privacy

MLS are maintained for real estate professionals to assist their clients with buying or selling a property. The participating brokers provide the data of the listings to the public free-of-charge. In such cases, the data is useful to the sale of the property and the buyer may want to access it. However, there are some cases that sellers may want to limit access to certain information such as personal contact information and the times when the property is vacant for showings. The service ensures that the seller’s information is not shared without permission.

Multiple Listing Services are a true reflection of the competition and innovation that exists in the real estate market. These services have help to ensure sellers can advertise their property to a wider audience. It is safe, easy and convenient for both sellers and buyers. There are different business models, such as full service and limited service, that MLS use, and a seller can choose an option that they deem best.

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Source by Alfred Ardis

Top Ten Things You Need to Know When Buying a Coin Laundry

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So you think the coin laundry business is for you? Easy money you collect once a week? Place runs itself? Consider these factors when looking at the coin laundry business

1. Change Machines
Good coin laundries run on change machines. If a customer cannot get change, they are going somewhere else. How many change machines does the store have? A Standard change brand change machine can hold about $ 3000. You can easily check the specifications on their website. On change machine means the owner is running a tight ship. Two change machines means the place is hopping. No change machine means people either have to ask the grumpy guy behind the counter or the place is not really a laundromat.

2. Store Sign
Look at the store sign. Does it light up? Is half of it missing? Does it clearly tell people what that it's a coin laundry or does it just say "Bob's"? The store sign will tell you everything you need to know about how well the store has been run. A great store has a great sign.

3. Top Load Machines
With today's utility costs, it is very difficult to make money with Top load machines. If the store you are looking at has them and the place is busy, this is the kind of store you DO want to buy cheap and replace the top load machines with 3x – 5x front loads. You will have to invest in new machines but you will increase you prices and profits. If the store has top load machines and is empty, drive around to see what competitor just popped up that has all new front loaders. Stay away from this store

4. Brand of Equipment
The Maytag man you see falling asleep in the commercials on TV should go visit some Maytag equipped coin laundries. While Maytag is a good household name, they don't make all there own commercial laundry equipment and quality has suffered. The top brad in the industry is Wascomat. Who is Wascomat? Ever heard of Electrolux? An all Wascomat store is a very good sign. Go look at a Wascomat beside any other brand and chances are, you will want to use the Wascomat. Try it!

5. Utility Bills
There is a commonly understood method that your utility bills are 14% of your sales. Be careful with this as old equipment will be more like 20% of your sales. I don't recommend looking at utility bills unless you are calculating consumption. This means that you are making a calculation based on the total amount of water being used divided per laundry load divided by the vend price to try to get approximate wash revenue. If you can do this calculation, this is good.

6. Conversion
There may be a big difference in how you would run a store versus how the store is being run by the current owner. Are you friendly and ongoing? Do you care about your customers? Will you fix the store sign and make sure you always have change and washers available? The owner of the store affects conversion more than any other factor but is not the only factor. New bigger equipment also helps but at the end of the day your personality will drive the business. I should say you "consistent" personality. Once you lose interest, sell the business before you kill it.

7. Neighborhood
Get the population demographics from the city. You want a good mix of ethnic backgrounds and the more kids (the more dirty laundry) the better. A neighborhood full of retired people is bad news. A neighborhood with too high average household income is no good. Low rise 8 plex to 24 plex are better than the giant high rise buildings because they generally have poor laundry rooms. Also, rental properties in the neighborhood trump condos for coin laundries.

8. Parking
Make sure there is either plenty of parking or an awful lot of people within walking distance. Imagine how far you would carry your laundry if you had to walk to a laundromat. You really want to have a lot of parking if possible. If you don't have parking in the front of the store, you likely will not have a drop off laundry business.

Also as a side note, if the road directly in front of the store has an island that separates traffic, you will have to stand outside and watch traffic flow into the store. Traffic islands are generally small business killers.

9. Wash and Fold
I would suggest to anyone looking at the laundry business to ask themselves what the benefit of having a drop off laundry counter is.

I have seen many real estate agents claiming that you can increase your business by adding a wash and fold counter. You can increase your business, but not the way you think. Getting a new revenue stream from drop off laundry means buying to the effort of building up that business and paying someone to be there for extended hours. It is rare (but they do exist) that a laundromat exceeds it's cost of staff in wash and fold sales. If you are running the place yourself full time then do it, you are there anyway. If you are buying as an investment consider this. If you have a full time person already doing wash and fold and plan to eliminate it, count on a 10% to 40% drop in your self-serve traffic. The real prize in having an attendant comes from the comfort you give to the person doing self-serve laundry.

10. Consistency
Well run laundries are consistent in everything. I mean EVERYTHING! This includes (but limited to) your store hours, staff, method of cleaning, cleaning schedule, wash and fold method, machine brands, available change, soap, supplies etc etc.

The less consistent you are, the less consistent your customers will be.

I have run 3 laundromats for 5 years now and unfortunately for me, its time to exit the business. I have learned a lot and met many new wonderful people. I sold 2 of the three stores I had and both new owners took my advise to heart and have made good use of there new investments. I have one store left for sale and I'm torn to see it go.

Immobilienmakler Heidelberg

Makler Heidelberg


Der Immoblienmakler für Heidelberg Mannheim und Karlsruhe
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Source by Paul Audet

How to Raise Short Term Working Capital For Your Business

Immobilie bewerten, Immobilie Wert, Immobilienrechner, Verkaufsrechner, Immobilienwertermittlung Tel: 06227-399170 Handy: 0176-2116-9990 eMail: info@heidelbergerwohnen.de Internet: www.heidelbergerwohnen.de

You have a business and you want short term working capital but you don't know where and how to source it from? Business is full of uncertainties. Risks may occur in your business anytime that require finances.

Four Sources of Short Term Working Capital

1.) Your Own Savings

You can get short term working capital from your own savings without having to worry of paying any interest. But this amount may not be substantial enough to meet all the short term requirements of your business as it is usually small.

2.) Apart of the Long Term Borrowing

The long term loan you had borrowed can be used partly in financing short term requirements. Sometimes this amount may not be available as it's already fully utilized.

3.) Bank Loans

Banks are the major lenders of money for short term periods. They lend loans for six months. This means that you have to pay them all their money plus a certain percentage of interest within the period of six months. You can obtain from them the secured or unsecured loans depending on the relationship you have with your bank. You may also take an overdraft or cash credit from your bank.

4.) Accounts Receivable

It is the smartest way of raising short term working capital especially if your business is always selling goods on credit basis. Here, the mercantile credit plays a great role in boosting your business transactions. You sell the goods on credit and your customers accounts are debited with the same amounts.

On the basis of your customer's accounts receivables, you are able to get loans or advances from factors. When the money is received from the factors against these accounts, it's termed as receivables financing.

Two types of Receivable Financing

A.) Ordinary Account Receivable Financing or Non Notification

This is a system of short term financing. You enter into an agreement with the financing institution which agrees either to purchase the non notification or advance you a certain amount of money against such non notification. Your customers are not intimated with this arrangement.

B.) Factoring

This is the arrangement whereby the factor buys accounts receivable (sundry debtors) of your business and assumes all the risk of non-payment. There is an agreement between you and the factor. The factor pays you money against your customer's debts.

Five Differences Between Non Notification and Factoring

1.) Factoring assumes liability of bad debts while in non notification the seller is responsible for any bad debts.

2.) Factoring is responsible for the collection of bad debts while in non notification the seller is responsible for collecting them.

3.) Factoring forwards the invoices to your customers while in non notification the seller is the one sending the invoices to customers.

4.) In factoring the customer is informed while in non notification the customer is not intimated.

5.) Factoring is notification of accounts receivables financing while ordinary account receivable is non-notification of account receivable financing.

Immobilienmakler Heidelberg

Makler Heidelberg


Der Immoblienmakler für Heidelberg Mannheim und Karlsruhe
Wir verkaufen für Verkäufer zu 100% kostenfrei
Schnell, zuverlässig und zum Höchstpreis


Source by Joshua Nyamache