When it comes to real estate property you must know how to keep good records and managing your rental property at all times. If you purchase one property, you might be able to get by with stuffing receipts and cancelled checks, but if you own multiple properties, you’ll need a better way to organize your finances or you will lost a lot of accounting.
No matter how little money you earn through rental income, you need to keep track of it for tax purposes. If you have only a handful of rental properties, you could probably track your rental income using a computer program.
If you have dozens of properties, you’ll probably be better off hiring an accountant. An accountant can not only free your time but also advise you on the best way to save on taxes and keep track of rental expenses.
Create a rent roll, listing the name of each tenant, the amount of rent paid , and the date when it was received. A rent roll enables you to track your monthly rental income.
Set up a folder for each rental apartment or house you own. In this folder, put leases, correspondence with your tenants, and a maintenance log that shows when repairs were made, how much they cost, and when they were completed.
By keeping such a setup, you can quickly track down documents as evidence in case you need to settle a dispute in court between you and a tenant.
Set up a separate checking account strictly related to your rental properties. When you receive your rental checks, deposit them in this checking account. When you pay the repair or maintenance bills related to the rental property, write a check from your rental checking account.
Now when you pay yourself, write a check to
Posted in Property & Developer by ismsc2010 with .
Women employees of Vasathi Housing spent a day with the underprivileged children to make their day special Vasathi Housing celebrated Women’s Day with the children of the construction workers at the crche facility -Bricks to Books-, the CSR initiative of Vasathi. The unique initiative -Adwitiya – You Are the One- was aimed at reaching out to the underprivileged children and bringing streaks of joy to their day through various activities- song and dance sessions, painting competition, theatrical frolics and recitations.
P. V. Ravindra Kumar, CEO, Vasathi Housing Ltd., said, -Vasathi Housing has 40 % women employees and their contribution to the growth of the company is invaluable. They chose this day to spread their love and knowledge with the underprivileged children and bring smiles to their faces.-
In words of Sravani, one of the kids at Bricks to Books, -We had a great time today. We got toys, chocolates, picture books, crayons and played games. All of us sang songs and recited poems together. We also had a drawing competition where all of us were declared winners at the end!-
More about Vasathi Anandi:
Vasathi Anandi is a premium gated community with high end amenities spanning a generous 5 acres of land area. With all modern amenities and recreation facilities of a self-contained green residency, the project is located just 2 km from APPA Junction on Outer Ring Road. With Gachibowli -13 km, Banjara Hills -12 km, Mehdipatnam -7 km and Shamshabad International Airport only 14 km away, the key areas are well within reach. Vasathi Anandi has 483 Studio/1/2/2+Study/3 BHK apartments that are aesthetically designed, spacious and Vastu compliant.
Vasathi Housing Limited is an ISO 9001:2008 certified organization that is committed to excellence and on time delivery. Established in the year
Posted in Home & Estate by ismsc2010 with .
KTAM Aims to Become Thailand’s Leading Property Fund,Increasing Assets Under Management to 11.3 Billion
The Bangkok Post reported on Thursday, 22 February that real estate investment in Thailand soared by 81.8 percent to $2 billion (1.3 billion)in 2012, nearly double the $1.1 billion (720 million) in 2011, as property funds markedly increased their investment activity.
According to property consultant DTZ, Thailand’s real estate market was boosted by the listing of major property funds and a high number of acquisitions, particularly in the office and hotel sectors. Some $1.1 billion (720 million), or 55 percent of total real estate investment, came from transactions by real estate funds or public funds for public offerings (PFPOs).
Investment activity received a major boost from the listing of Tesco Lotus Retail Growth Freehold and Leasehold (TLGF) in the beginning of January 2012, which proved to bethe largest property fund listing for the year. The $594-million (389 million) fund purchased 17 Tesco Lotus shopping malls in prime locations across Thailand in a deal which by itself exceeded half of the real estate investments in the country in 2011.
Other notable property fund investments in 2012 included the purchase during the first quarter of three serviced apartment complexesand residences for $106 million (69 million) by the listed Land and Houses Freehold and Leasehold Property Fund (LHPF). Additionally, the Quality Houses Hotel and Residence Freehold and Leasehold Property Fund (QHHR) bought three Centre Point serviced apartments in the third quarter, for some $107 million (70 million).
KTAM Eyes Real Estate Market
Krung Thai Asset Management (KTAM) has the ambition to lead the market in property funds and,more specifically, to increase its assets under management by 20 percent in 2013 to 516 billion baht (11.3 billion), said chief executive officer Somchai Boonnamsiri, citing the positive overall investment climate.
Posted in Home & Estate by ismsc2010 with .
Your home is nothing but your extension as believed by the Vastu Shastra, one of the sacred Hindu Scriptures that deals with the architecture, design and directions of specific areas of residential or commercial constructions. It is said that a house that meets the criteria and parameters as set by the vastu brings peace, prosperity, health and happiness to its residents and many people vouch that they have had different experiences on different vastu arrangements. The popularity of vastu has not only remained to India but it has transcended to other countries as well and people have experienced pleasant changes after implementing Vaastu Tips for Home. Vastu implementation is not as complicated as Astrological Match Making that has several facets and needs the consultation of expert, rather it can be easily implemented by you also. However, taking consultation from a vastu expert or a knowledgeable astrologer can be the best possible way to ensure peace and prosperity.
Let us discuss some normal things whose implementation can help you immensely.
If your master bed is large and you have split the mattresses and you wake up every morning without feeling fresh then possibly it is time to get a unified single mattress for the larger bed. Splitting the mattress can sap your energy and is not recommended in vastu. In the present times, LCDs and LEDs adorn the bedrooms but vastu does not recommend TV or any sort of energy sapping devices in eth bedroom. Always arrange the furnitures of your drawing room so that it resembles octagon, square or circle. Wayward orientation will keep you restless so arrange them according the prescribed format and soon you will gain the much needed peace of mind. Generally, people tend to keep mops or brooms in kitchen as they are regularly
Posted in Home & Estate by ismsc2010 with .
There are a host of options at your disposal. Double-sink vanities, custom storage hutches and wall-mounted cabinets all merging form and function. All you need to do is determine your style statementcontemporary, traditional, vintage, Asian inspired or Old World.
As for your design style, lets say its Asian inspired. You wouldnt be alone with interest in that motif. The American bath culture has indeed changed. Stressed homeowners seek refuge and solace and thats why so many of us are creating environments in our homes conducive to the Eastern concept of centering. You dont have to be a certified Feng Shui master to recognize this increasing trend. Which translates to simple, clean lines and minimalist features that are a signature of the Asian-influenced design leaning. So hot in home furnishings, its not at all surprising that this thematic has made its way into the kitchen and bath. Its a measure of good design.
Its all about global style. From deep soaking tubs, exotic shower waterfalls
and sinks that sleekly exemplify the art of Zen.
As homeowners integrate Japanese koi ponds into estate home entryways and lanai water features (as in a tranquil Asian-style lushly landscaped courtyards), the Asian-motifs grace and beauty continues to be used for accessories, flooring and
furniture. In hardgoods, there are plenty of Asian-inspired looks, including:
faucets with a bamboo-like sculpted finishes, along with drawer pulls reminiscent of bamboo, wood cabinetry inspired by Asian aesthetics and a sink series with its square wooden basins modeled after a traditional Japanese
Clean lines and simple forms specifically characterize vanity cabinets defined by Pacific/eastern cultures. Asian design can be more asymmetrical. It is subtle, yet dramatic, and creates a peaceful ambiance. Whats noteworthy about Asian fusion basics is that some of the products
Posted in Feng Shui by ismsc2010 with .