1)Property Management
Exemptions and Abatements from Real Property Taxes ( web )c) Links to Property Management Sites ( web )
2)Notary Public
Things to know when you Notarize documents ( pdf )
3)Relocation Services
4)Property Appraisal
5)Mortgage Broker
a) What are they? b) How can they help?
1.a) What is Property Management? CPM stands for C
ERTIFIED PROPERTY MANAGER the designation awarded by IREM to outstanding professionals in the real estate management field. Whether you manage residential,
commercial or industrial properties whether you are a property manager, an asset manager
or a real estate management executive whether you do third-party fee management or work within a corporate real estate department the CPM designation will set you apart as a highly-qualified professional. The training
and knowledge CPM members exhibit and the ethical practices to which they subscribe benefit both the owners and investors they work for and those who live, work and shop in their properties. 2.a) What a Notary Public does
- Witness or attest signatures or executions of deeds and other written instruments
- Take acknowledgments
- Administer oaths and affirmations
- Witness affidavits
- Take verifications
- Make certified copies of documents
4.a) What's an Appraisal
Because much private, corporate, and public wealth lies in real estate, the determination of its value is essential to the economic well-being
of society. It is the job of the professional appraiser to determine these values by gathering, analyzing, and applying information pertinent to a property.Unquestionably, the professional opinion of the appraiser,
backed by extensive training and knowledge, influences the decisions of people who own, manage, sell, purchase, invest in, and lend money on the security of real estate. And because the appraiser is trained to be an
impartial third party in the lending process, this professional serves as a vital "check in the system," protecting real estate buyers from overpaying for property as well as lenders from over lending to
buyers. 4.b) Why do you need an Appraisal In our complex society, you may need and use the services of a professional real estate appraiser for a variety of reasons. Depending upon an appraiser's designation and qualifications, he or she can provide some or all of these services:
Ø Appraisals - Residential or Commercial Ø Arbitration Ø Absorption Studies Ø Business Valuation
Ø Counseling and Consulting Ø Condemnations Ø Evaluations Ø Expert Witness Testimony
Ø Litigation Preparation
Ø Cost & Benefit Studies Ø Feasibility Studies Ø Management Advice
Ø Market Analysis Ø
Market Rent & Trend Studies Ø Operating Expense Analysis Ø
Tax Assessment Review and Advice Ø Zoning Testimony
5.a)
WHAT DOES A MORTGAGE BROKER DO?
A mortgage broker's role is to pre-approve and package the deal for presentation to the
investing public, such as yourself. For this service they are paid a fee - called points - based on the total amount of the mortgage. For example on a $50,000.00 face value mortgage the broker may charge 5 - l0 points
or $2,500.00 to $5,000.00 brokerage fee. He may offer to share some of his fee with you, the lender, which is called offering a discount so that, for example a 13% mortgage with a discount of 2% will yield the investor
l5%.
The package a broker assembles will normally include the following:
Ø A deal sheet which outlines the basics of the mortgage including property
description, identity of parties, type of mortgage requested, additional security (if any). Ø An appraisal Ø
A credit report.
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