Property and real estate Books

Book SynopsisRussian novels, poetry and ballet put the country squarely in the European family of cultures and yet there is something different about this country, especially in terms of its political culture. What makes Russia different? Maxim Trudolyubov uses private property as a lens to highlight the most important features that distinguish Russia as a political culture. In many Western societies, private property has acted as the private individual’s bulwark against the state; in Russia, by contrast, it has mostly been used by the authorities as a governance tool. Nineteenth-century Russian liberals did not consider property rights to be one of the civil causes worthy of defending. Property was associated with serfdom, and even after the emancipation of the serfs the institution of property was still seen as an attribute of retrograde aristocracy and oppressive government. It was something to be destroyed – and indeed it was, in 1917. Ironically, it was the Soviet Union that, with the arrival of mass housing in the 1960s, gave the concept of private ownership a good name. After forced collectivization and mass urbanization, people were yearning for a space of their own. The collapse of the Soviet ideology allowed property to be called property, but not all properties were equal. You could own a flat but not an oil company, which could be property on paper but not in reality. This is why most Russian entrepreneurs register their businesses in offshore jurisdictions and park their money abroad.This fresh and highly original perspective on Russian history will be of great interest to anyone who wants to understand Russia today.Trade Review‘The Tragedy of Property is the story of how Russia came to be as it is: a land of aspiration and anxiety, of challenge and opportunity, and of endless unasked questions. This book must be read by anyone who wants to understand where Russia is headed, and where we will meet it.’ Samuel Greene, King's College London“Cogent and vivid”The TLSTable of Contents Acknowledgements Foreword - Alexander Etkind Introduction: The Tragedy of Property Chapter 1. The Entrance 1. Homeless people 2. From city dwellers to citizens 3. Reflected modernity 4. The capital of succeeding generations Chapter 2. The Fence: Russian Title 1. Good fences make good neighbours 2. The permanence of the fence 3. Life without property rights 4. Russian title Chapter 3. Behind the Fence: the Privatization of Utopia 1. Private palaces 2. The privatization of Utopia 3. The birth of private life 4. The Dutch carpenter’s house Chapter 4. Private Property: My Home Is My Castle 1. The myth of Sparta 2. The domus of our forebears 3. Mine and ours 4. Life, liberty and property 5. Christianity and Utopia 6. Utopia without property Chapter 5. Territory: Ambitions of Colonialism and Methods of Subjugation 1. Yermak the Conquistador 2. Stewardship and extraction 3. A natural resource irony of history Chapter 6. The Lock on the Door: the Priority of Security 1. The collapse of monarchy in the West 2. Success in the East 3. Control as the top priority 4. Security as a threat Chapter 7. Labourers: Moral Economics and the Art of Survival 1. The plough, the scythe and the axe 2. Moral economics 3. The commune against the private farmer 4. Dictatorship of the collective Chapter 8. Masters: the Tragedy of Domination 1. Owners and rulers 2. ‘Let not the nobility be dispossessed of their estates without due process of law’ 3. The birth of free people 4. Traduced and sacred law 5. The attempt to share Chapter 9. Architecture, Happiness and Order 1. The project we live in 2. Stalin’s orders 3. Khrushchev’s social revolution 4. Happiness and order 5. Russian order Chapter 10. Our Half-built Home 1. Favour from the tsar 2. Property without the market 3. A market without property Chapter 11. Two Options: Finish Building the Home, or Emigrate 1. Property without property rights 2. Democracy without the rule of law 3. Law enforcement without the rule of law 4. The open door Afterword Notes Index

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Book SynopsisJohn Howard utilises his forty-year career in property to provide an enlightening read about the challenges of buying property. Whether it is your first home or fifth, this book is a product of the purchase of around 4000 properties, and all the experience that comes along with it.Covering the entire process, from how to get prepared before you arrange to view properties, to completing on a purchase and beyond. Whilst also offering detailed and practical guidance on the particular challenges that afflict different styles of home.This book includes information on. Getting your team together Mortgages explained Viewing all different types of property including apartments and listed buildings The questions you should be asking Negotiating successfully How to get from agreeing to purchase to completion Avoiding numerous pitfalls What to look out for on different types of properties Things to consider when buying in the city, town and countryside Building and maintenance issues ...and much more!

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Book SynopsisWhether you're a first-time real estate investor or a seasoned professional, The Complete Guide to Buying and Selling Apartment Buildings helps you map out your future, find apartment buildings at a fair price, finance purchases, and manage your properties.Table of ContentsChapter 1 Introduction to Multifamily Ownership 1 Introduction 1 Holistic Approach 2 Background 4 Market Outlook 6 Regional Trends 9 Chapter 2 Advantages of Multifamily Ownership 13 Time and Efficiency 14 Market Liquidity 15 Transaction Costs 16 Concentration of Units 17 Management and Labor Considerations 17 Tax and Record Keeping Considerations 18 Divestiture of Property 18 Chapter 3 Bridging the Gap 21 Strategies 22 Leverage—The OPM Principle 23 Clearly Defined Objectives 24 Maslow’s Hierarchy of Needs 27 Conquering Your Fears 29 Chapter 4 The Value-Play Strategy 35 Buy and Hold versus Buy and Sell 36 Ten Ways to Create Value 39 Diamonds in the Rough 47 How to Tell a Diamond from a Lump of Coal 61 Chapter 5 Establishing Your Niche and Locating Properties 69 Establishing Your Niche 70 Availability of Resources 70 Property Size 71 Property Age 74 Holding Period 79 Chapter 6 Six Ways to Locate Properties 85 Real Estate Brokers 86 Classified Advertisements 87 Industry-Specific Real Estate Publications 88 Local and National Web Sites 88 Associations and Real Estate Investment Clubs 89 Banks 89 Chapter 7 Financial Analysis 91 Valuation—How Much is That Property Really Worth? 92 Two Crucial Principles That Saved Me $345,000 93 Valuation Methodologies 95 Financial Statements 102 Five Key Ratios You Must Know 117 The One-Minute Assessment 124 How to Read Between the Lines 125 Chapter 8 Case Study Analysis 129 Case Study 1: 52 Units in Flint—My Way or the Highway 129 Case Study 2: 12 Units in Saginaw—Below-Market Rents 142 Case Study 3: 16 Units in Beaumont—A Banker’s REO 151 Case Study 4: 98 Units in Houston—Creating Synergism through Consolidation 162 Chapter 9 Negotiation Strategies and the Due Diligence Process 175 Five Cardinal Rules of Successful Negotiation 176 The Due Diligence Process 185 Chapter 10 Financing Your Acquisition 191 Traditional Financing Alternatives 192 Secondary Financing Alternatives 203 Additional Financing Considerations 206 Chapter 11 Closing the Deal 215 Closing Fundamentals 216 Closing Credits Can Add Up 219 Chapter 12 Managing Your Property 223 Hiring a Professional Property Management Firm 224 Your Role as a Strategic Manager 227 Expect the Unexpected 228 Chapter 13 Four Effective Exit Strategies 233 Outright Sale 234 Refinancing 235 Equity Partnership 245 Exchange of Properties 248 Combining Methods 249 Chapter 14 Five Keys to Your Success 255 Understanding Risk 256 Overcoming Fear of Failure 259 Accepting Responsibility 261 Willingness to Persevere 264 Defining Your Sense of Purpose 267 Appendix A: WWW.THEVALUEPLAY.COM 273 Appendix B: WWW.SYMPHONY-HOMES.COM 275 Glossary 277 Index 297

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Book SynopsisTarek El Moussa - known to millions as the star of Flip or Flop, Flipping 101 with Tarek El Moussa and The Flipping El Moussas - shows how the principles that make him such a successful house flipper can also be applied to improving your personal life.Tarek El Moussa is everywhere. With 1.3 million engaged social media followers and numerous hit HGTV shows, it will surprise fans to learn that it wasn''t an easy road to the top. After seeing a promising baseball career end before it even began with a devastating shoulder injury, a young and aimless Tarek had no clue what he wanted to do with his life. So, he drank. Finally, one night, Tarek decided not to drink, and instead stepped outside to look at the night sky for the first time since he could remember. That was when he decided his life needed to change - a lot. And fast. In Flip Your Life, Tarek uses his story - that of a lost young man trying to find his way in the world - to

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Book SynopsisReal estate is sold as a much safer investment than the constantly fluctuating stock market. Share price volatility is compared unfavorably with the steadier and impressive gains made from real estate which is, we are told, 'as safe as houses'. This book details the cyclical nature of real estate.

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Book SynopsisThis book initiates a fresh discussion of affordability in rural housing set in the context of the rapidly shifting balance between rural and urban populations. It conceptualises affordability in rural housing along a spectrum that is interlaced with cultural and social values integral to rural livelihoods at both personal and community level. Developed around four intersecting themes: explaining houses and housing in rural settings; exploring affordability in the context of aspirations and vulnerability; rural development agendas involving housing and communities; and construction for resilience in rural communities, the book provides an overview of some of the little understood and sometimes counter-intuitive best practices on rural affordability and affordable housing that have emerged in developing economies over the last thirty years. Drawing on practice-based evidence this book presents innovative ideas for harnessing rural potential, and empowering rural communities with addeTable of ContentsList of figuresList of tablesLost of boxesPrefaceAcknowledgements1. Introduction2. Housing in rural settings3. The nature-culture determinants of rural housing4. Affordable houses5. Housing affordability6. Materials and resources in construction of affordable houses7. Global practices in rural development8. Vulnerability in rural communities9. Resilience in rural communities10. Sustained growth and development11. EpilogueIndex

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Book SynopsisOur cities are changing. Global real estate is now a $217 trillion dollar industry, 36 times the value of all the gold ever mined. It makes up 60 percent of the world's assets, and the most powerful person in the world - the president of the United States - made his name as a landlord and real estate developer. As Samuel Stein makes clear in this tightly argued book, its through seemingly innocuous profession of city planners that we can best understand the transformations underway. Planners provide a window into the practical dynamics of urban change: the way the state uses and is used by organized capital, and the power of landlords and developers at every level of government. But crucially, planners also possess some of the powers we must leverage if we ever wish to reclaim our cities from real estate capital.Trade ReviewStein's lucid explanation for how we got to where we're at shines urgent light on the origins and development of what he incisively calls "the Real Estate State." Capital City places gentrification in a structurally extensive and intensive urban geography of dispossession. All who struggle for the right to the city should read this book, and realize afresh how capitalism saving capitalism from capitalism must provoke our political imagination. -- Ruth Wilson Gilmore, author of Golden GulagCapital City casts a cold and brilliant light on the underlying political dynamics of global cities and rightly concludes that real estate and finance are in charge. This sobering book has to be part of our toolkit as we try to find the moorings for a powerful democratic pushback in local political struggles. -- Frances Fox Piven, co-author of Poor People’s MovementsWant to know why the rent's so high? Samuel Stein meticulously documents and analyzes the rise of the rip-off "real estate state," the instruments of its power, the invidious "plansplaining" arguments of its defenders, and, above all, its accelerating ethnic and class cleansing of American cities, gentrification-frenzied New York in the van. With the sleaziest of real estate developers now the rent-subsidized tenant of the White House bent on engorging his crony kin and kith by doubling down on the corrupt system of "geobribe" giveaways, backroom deals, and public theft that underwrites their ravages, this superbly succinct and incisive book couldn't be more timely or urgent. -- Michael Sorkin, author of All Over the MapSamuel Stein has written a book for those tired of merely describing gentrification and displacement, who are looking for explanations as well as new programs for action to do more. Capital City is a place that puts it all together, the theory and the practices of urban transformation, with a timely and urgent appeal. This is a lively user's guide to thechanging landscape of the American city. -- Peter Marcuse, co-author of In Defense of Housing[Capital City] alternates a panoptic view with one that looks more closely, from the ground up, at what reckless development does to lives and livelihoods...Explicit in Stein's narrative is the idea that a different, more democratic kind of planning might lead us to more democratic kinds of cities. -- Nikil Saval * The New Yorker *Samuel Stein's Capital City: Gentrification and the Real Estate State is a radical view into the heart of the processes [urban planners] oversee -- Andrea Gibbons * New Labor Forum *Capital City deserves attention from urban historians for its nuanced analysis of neoliberal urban policy and specific measures that generate inequality and may be also used in service of justice. This book will be a useful tool for a broad swath of people seeking a greater understanding of the urgency of this political moment which grows with every demolition. -- Amanda Boston * The Metropole *Vital and devastating ... [Capital City is] unabashed in its advocacy of a more equitable distribution of land and housing. ... A powerful companion to studies of the global rise of informal cities such as Mike Davis' Planet of Slums, the racist history of housing in Richard Rothstein's The Color of Law, [and] the horrid effects of losing one's home in Matthew Desmond's Evicted. -- Joshua Barnett * New York Labor History Association *

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Book Synopsis''With The Sell, Fredrik Eklund has created the modern day How to Win Friends and Influence People. If you''re looking for how to achieve success in the 21st century, the answer is in your hands'' Tom Doctoroff, CEO, J. Walter Thompson, and author of Twitter is Not a StrategyJust over a decade ago, Fredrik Eklund moved to New York City from his native Sweden with nothing but a worn-out pair of sneakers and a dream: to make it big in the city that never sleeps. Despite having no experience in real estate and no contacts, Fredrik transformed himself into the best seller in the most competitive real estate market on the planet, brokering multimillion-dollar deals for celebrities, selling out properties all over the city and charming TV audiences as one of the stars of Million Dollar Listing New York.Blending personal stories and the expertise he''s gained from his meteoric rise, The Sell is the modern guide to becoming successfuTrade ReviewFredrik is one of the most fun and talented people in real estate sales today. He always delivers with undeniable charisma and this book is no exception -- Ivanka Trump, assistant to President Trump, VP of real estate development and acquisitions at the Trump Organization and bestselling author of The Trump CardFredrik could sell ice to an Eskimo. I can't do a high kick, but I'm excited to learn his other tricks! -- Andy Cohen, television host and producer, and author of New York Times bestseller The Andy Cohen DiariesThe number one trait I always looked for when I was hiring someone for my company and what I look for now when I'm investing in entrepreneurs on Shark Tank is passion, a need to succeed. Someone who'd rather die than not be the best. That's Fredrik, and after reading this book, that will be you, too -- Barbara Corcoran, founder of the Corcoran Group, ABC's Shark Tank investor, and author of Shark TalesWith The Sell, Fredrik Eklund has created the modern day How to Win Friends and Influence People. If you're looking for how to achieve success in the 21st century, the answer is in your hands -- Tom Doctoroff, CEO, J. Walter Thompson, and author of Twitter is Not a Strategy

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Book SynopsisThis book develops key messages for city stakeholders: how can cities and properties adapt to this crisis and how can public and private actors help to make cities more resilient in the long run. The book is addressed to actors from the real estate industry and the city, to project developers, architects, planners, engineers, financiers, investors and asset managers - and to everyone who lives and works in cities.Table of ContentsStrategies for Resilient Cities and Real Estate: Challenges for European Cities After the COVID-19 Pandemic.- Implications for Urban Development: Urban Planning Aspects of the Resilient City.- The Health Equity Imperative and the Role of the Built Environment.- Lessons from the Cholera in Paris and Hamburg.- Urban Form, Neighbourhood Governance, and Real Estate Management: Chinese Cities Fighting a Pandemic.- How COVID-19 Is Changing Mobility Behaviour and What That Means for Sustainable Urban Transport.- The Preservation of Economic Structures as a Main Challenge of Urban Development.- Revisiting the Economic Effects of Density in the Wake of the COVID-19 Pandemic.- Density and the Spread of COVID-19 in Cities - Lessons from the United States and the United Kingdom.- The Future Viability of City Networks.- Implications for Housing and Hotel: Cities to Live: Living in the City - Or Rather Nearby?.- Is the COVID-19 Pandemic Accelerating the Path to Smarter Cities?.- The Urban Neighbourhood of the Future Is just one Step Away.- The Challenge for Developers to Build Attractive Places.- Implications for Office and More: Cities to Work: The Flexible Office Space.- The Future Workplace - Reimagining the Office for the 21st Century.- Office Work in Post-pandemic Cities and the Importance of Population Density.- It's About Responsibility, Technology and Culture.- The Screen Cannot Replace a Sense of Community.- Implications for Retail and Logistics: Cities to Supply: Consumer Cities Under Pressure to Change.- The Importance of the Food Retail Industry for Cities After COVID-19.- The Future of Urban Logistics.- Ten Key Messages for Resilient Cities and Real Estate: Final Remarks: Ten Key Messages.

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Book SynopsisWealth owners are responsible for more than just assets The Destructive Power of Family Wealth offers thoughtful, holistic planning to ensure that your wealth remains a positive force for your family.Trade Review"..thought provoking and fascinating." (ePrivate Client, January 2017)Table of ContentsPreface xiii Acknowledgments xvii About the Author xxi Introduction 1 Chapter 1 Any Amount of Wealth is Enough to Destroy a Family 7 Chapter 2 The Psychology of Wealth 19 Chapter 3 The Move to Transparency 45 Chapter 4 Understanding the World of Taxation 65 Chapter 5 The Needs of Wealth-Owning Families 95 Chapter 6 The Tools of Wealth Planning 163 Chapter 7 Advisors – We Need Them but Need to Control Them 195 Chapter 8 Getting it Right 215 Addendum: The Need for Dialogue on Tax Transparency 237 Glossary 251 Index 267

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Book SynopsisIn a world where too many financial advisors do not follow their own advice, here is a book written by experts who practice what they teach and who will teach you to thrive, not merely survive, during turbulent economic times. This is the real deal...The Real Book of Real Estate. The only thing better than one real estate expert teaching you how to invest and win is 20 real estate experts with that same mission. For the first time ever, Robert Kiyosaki, best-selling author of Rich Dad Poor Dad, has assembled in one book an unrivaled cast of real estate wizards and trusted advisors with one purpose in mind: to share their knowledge and teach you to win in real estate. This is the ultimate real estate book you will come back to again and again. Read it cover to cover, or use it as a guide to help when you need it most. The Real Book of Real Estate will be your #1 source as you determine the real estate niche that is perfect for you and as you navigate the ups and downs of the real estate market and become the expert you know you can be. Whether you're a seasoned investor or buying your first property, this is the one book you can and will read over and over. Robert's team of real experts shows you how to: value a property, lease a property and keep it leased, get financing, title and protect entities, find hidden investment opportunities, minimize taxes and establish your own team of advisors.

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Book Synopsis''The definitive account of a sensational trade'' Michael Lewis, author of The Big ShortAutumn 2008. The world''s finances collapse but one man makes a killing.John Paulson, a softly spoken hedge-fund manager who still took the bus to work, seemed unlikely to stake his career on one big gamble. But he did - and The Greatest Trade Ever is the story of how he realised that the sub-prime housing bubble was going to burst, making $15 Billion for his fund and more than $4 Billion for himself in a single year. It''s a tale of folly and wizardry, individual brilliance versus institutional stupidity.John Paulson made the biggest winning bet in history. And this is how he did it.''Extraordinary, excellent'' Observer''A must-read for anyone fascinated by financial madness'' Mail on Sunday''A forensic, read-in-one-sitting book'' Sunday Times''Simply terrific. Easily the best of the post-craTrade ReviewSimply terrific. Easily the best of the post-crash financial books -- Malcolm GladwellGreg Zuckerman was the first to tell the world about John Paulson's sensational trade . . . He's written the definitive account of a strange and wonderful subplot of the financial crisis * Michael Lewis, author of Liar's Poker *A must-read for anyone fascinated by financial madness * Mail on Sunday *A forensic, read-in-one-sitting book * Sunday Times *Extraordinary, excellent * Observer *Compelling * Economist *Zuckerman takes us to Wall Street's heart of darkness, where mushroomed a $1 trillion subprime mortgage market that only the few, the brave, the smart dared short. This is at once a great page-turner and a great illuminator of the market's crash. * John Heylar, co-author of Barbarians at the Gate *Much, much more than a brilliant account of Paulson's trade of the century; this book also provides a highly enjoyable and lucid journey through the analytical and emotional maze that constituted the financial markets on the eve of the Great Recession. Compulsory reading. * Mohamed El-Erian, CEO of Pacific Investment Management Co and author of When Markets Collide *A magnificent insider look at how Paulson and others profited off of subprime's demise... insightful and gripping. * Marketfolly.com *

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Book SynopsisTable of ContentsAcknowledgments ix Introduction xi Part I Interviews with Real Estate Titans 1 Chapter 1 Richard Mack 3 Chapter 2 Urs Ledermann 23 Chapter 3 Ronald Terwilliger 37 Chapter 4 Gina Diez Barroso 51 Chapter 5 Elie Horn 65 Chapter 6 Richard Ziman 75 Chapter 7 Robert Faith 89 Chapter 8 Chaim Katzman 103 Chapter 9 Rohit Ravi 111 Chapter 10 Joseph Sitt 123 Chapter 11 Carlos Betancourt 135 Part II The 7 Key Lessons 151 Chapter 12 Key Lesson #1: A Powerful Mindset 153 Chapter 13 Key Lesson #2: The Hardest Workers in Any Room 163 Chapter 14 Key Lesson #3: Deep Focus and Clarity 175 Chapter 15 Key Lesson #4: Educated and Quantitative 191 Chapter 16 Key Lesson #5: Surround Themselves with Greatness 209 Chapter 17 Key Lesson #6: Extraordinary Salespeople 219 Chapter 18 Key Lesson #7: Execute their Ideas 229 Appendix A: A Conversation with Wharton’s Dr Peter Linneman 241 Appendix B: Value Add—A Case Study 251 Glossary 256 A Recap of the 7 Key Lessons 269 About the Author 271 Index 273

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Book SynopsisThis book is a complete directory of UK and overseas lenders that helps you with your financial property needs. Servicing the commercial, residential and real estate development markets, it provides crucial information such as contact names, phone and fax numbers, addresses and details of lenders' terms, rates and conditions. The book identifies who the lenders are, namely corporate and private banks, building societies, and private mortgage providers. Moreover, it isolates the type of finance each company caters for, such as: agricultural finance, development investment, hotels and leisure and even healthcare. With all this valuable information contained within one title, this book can work as a tool to aid anyone seeking finance for their property development or re-sale. Richard von Goetzen has worked in the financial services and property industry for over thirty years. He worked at the Michael Laurie PartnershiTable of ContentsIntroduction; Glossary of Terms; Lender Indices; Company Listings

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Book SynopsisEach of the jurisdictions within the United Kingdom is constantly refining the operational characteristics of its planning system and while there are some common practices, there are also substantive divergences. In each territory the planning template is shaped within a dynamic political and legal context and thus students and practitioners require an accessible, in-depth and up-to-date literature dealing with this matter. The multi-disciplinary contributors to this expanded Second Edition of Planning Law and Practice in Northern Ireland explore the progression of planning within the region and discuss prominent facets of contemporary development management, development plans, environmental law, property law and professional practice. Consideration is given to the consequences of Brexit for planning in Northern Ireland, devolved government institutional structures for planning, and the post-2015 emergent performance of local authorities in this arena. The book makes an imporTable of Contents1 The evolving Northern Ireland planning systemStephen McKay and Michael Murray2 Development, planning applications and their determinationStephen McKay and Michael Murray3 Amenity and special forms of development managementStephen McKay and Michael Murray4 Continuity and change in development plansStephen McKay5 The evolution and application of planning enforcementJane McKay and Stephen McKay 6 Developer contributions and 'planning agreements' in Northern IrelandThomas Murphy, John McCord and Michael McCord7 Judicial review in the planning arenaStephen McKay and Michael Murray8 Environmental law in Northern IrelandBrian Jack9 Environmental health, environmental protection and their relationship with spatial planningSean MacIntyre10 Environmental impact assessment and development managementNeil Galway and Stephen McKay11 Planning and renewable energyStephen McKay and Michael Murray12 Planning and placemakingMura Quigley13 Marine spatial planning for Northern Ireland: from fragmentation towards integrationHeather Ritchie, Joseph Onwona Ansong and Wesley Flannery 14 Cross-border spatial planning on the island of IrelandGavan Rafferty15 Equality law, good relations and planningDiane O'Neill and Brendan Murtagh16 Property law and planning in Northern IrelandJohn McCord, Thomas Murphy and Peadar Davis17 Liquor licensing law and planning in Northern IrelandMichael Murray18 Planning and professional practiceGary McGhee, William Orbinson QC, Stephen McKay and Michael Murray

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Book SynopsisFor the first time ever, five-time number-one RE/MAX agent worldwide, Jordan Cohen, reveals his secret sales strategies that will elevate your real estate sales career to the highest levels.Jordan Cohen started out selling entry-level houses in Southern California over thirty years ago, before transitioning to the luxury market. Always working alone as an individual agent without a partner or a team, he consistently sets new sales records year after year, including 2021 where he closed over $314 million in residential real estate. In The Agent’s Edge, he teaches agents of all levels how to win listings, take advantage of every opportunity and make your fortune in the fast-paced, exciting world of real estate sales. Whether you’ve been in the business for decades, are just starting out, or somewhere in between, these strategies will work for you.In this powerful and entertaining guide with a heartwarming forward from Sylvester Stall

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Book SynopsisHotels and Resorts: An investor''s guide presents a comprehensive analysis of how hotels, golf courses, spas serviced apartments, gyms and health clubs and resorts are developed, operate and are valued. Drawing on over 18 years' experience in the leisure property industry, David Harper provides invaluable advice on how to buy, develop and sell such properties. Working through the required due diligence process for purchases, including how to identify a good buy, through the route map for a successful development and ending with how to ensure you maximise your returns when selling the asset, this book covers the whole life-cycle of leisure property ownership.Examples of valuations, development issues and sales processes are taken from the USA, UK, France, Nigeria, Kenya, Australia, Hong Kong, Singapore and Brazil provide in depth analysis on the similarities and differences in approach to hotels and resorts in various parts of the world. ThTrade Review"… a go-to source at any stage of the investment’s lifecycle to deliver business models that optimize assets and align with owner expectations." —Forum HOTel&SPA, December 2016Table of ContentsSection 11. The Investment Lifecycle2. Ownership Guide3. Buying Guide4. Development Guide5. Construction Guide6. The Disposal GuideSection 27. Methods of Valuation8. Due Diligence9. Financial Due Diligence – Understanding the Business10. Valuation Due DiligenceSection 311. Rental Valuations12. Site Values and How they are Determined13. Serviced Apartment Values and how they are Determined14. Resorts with Fractional Ownership Units and how their Value is Determined15. Gym Values and How they are Determined16. Golf Course Values and How They Are Determined17. Spa Values and How they are Determined

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Book SynopsisIn the 10th Anniversary edition of this No.1 Best Selling property book, experienced property investor Simon Zutshi will share with you some of the secrets behind his Property Mastermind Programme, so that you can learn how to build a property portfolio and replace your income, using other people's time, money and experience.The book is designed to open your mind and stimulate your thinking to make you aware of some of the current possibilities available to you in the world of property investing. It is packed full of inspirational case studies to help build your personal belief of what you could achieve, in a relatively short amount of time, by investing in property.Although this book is focused on investing in the UK property market, the concept of finding and helping motivated sellers to reach an ethical win/win solution, works in every property market all over the world. You can build your personal wealth whilst helping other people solve their property problems.

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Book SynopsisReal estate is the foundation of all wealth.

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Book SynopsisBuildings can make us sick or keep us well. Diseases and toxins course through indoor spaces, making us ill. Meanwhile, better air quality and light levels improve productivity. At a time when the COVID-19 pandemic has us focused more than ever on indoor air quality, Healthy Buildings shows how much we have to gain from human-centered design.Trade ReviewIf we’ve learned anything from the coronavirus pandemic, it’s that clean indoor air is essential to healthy living. But it’s not just about getting rid of viral particles. Dr. Allen, director of the Healthy Buildings program at Harvard, has led research showing that poor indoor air quality dulls your brain, dampening creativity and cognitive function…This book is a call to action for every developer, building owner, shareholder, chief executive, manager, teacher, worker and parent to start demanding healthy buildings with cleaner indoor air. -- Tara Parker-Pope * New York Times *This exposé of the widespread under-ventilation and pollution inside modern buildings arrived just as shared indoor space became truly deadly. Though there’s now light at the end of the COVID-19 tunnel, these insights and guidelines for improving indoor air quality should play a huge role in post-pandemic reforms. * Fortune *This book should be essential reading for all who commission, design, manage, and use buildings—indeed anyone who is interested in a healthy environment. -- Norman FosterThe manual for keeping people safe indoors. * Boston Globe *Healthy Buildings is both hugely important and a great read. By the end it not only completely persuaded me that improving the health of our buildings is a fabulous economic opportunity and something that could change the lives of millions of people—it gave me a very good sense of where to start. Highly recommended. -- Rebecca Henderson, John and Natty McArthur University Professor, Harvard UniversityAllen and Macomber want to establish national standards, and they make a series of precise and persuasive recommendations for everything from insulation and window shades to water filters and vacuum cleaners. -- Jill Lepore * New Yorker *We’ve known for years that our indoor environments, from offices to hospitals, can have a dramatic affect on our health, functioning, and mental wellbeing, and 2020 has proven the point…[Allen and Macomber] share insider tips and show how tracking what they call ‘health performance indicators’ with smart technology can boost a company’s performance and create economic value. A post-COVID handbook. -- Laura Raskin * AIA New York *A lucid and passionate outline of why now is the time to acknowledge the huge and unrealized potential for buildings to make a positive contribution to the health and performance of their inhabitants, the economy, society and the planet. In this sense, this is a very different and innovative book compared with other similarly themed ones…This is a powerful and enjoyable book, which will appeal to those with an interest in business and built environment alike…Both a relatable and authoritative read. -- Marcella Ucci * Buildings & Cities *[Allen and Macomber] tread new ground, transitioning from the century-old building code movement, which focuses on safety; to the decades-old green building movement, which focuses on energy, waste, and water savings; to the evolving healthy building movement, which focuses on people and their health, cognitive abilities, productivity, and well-being…This book is innovative, timely, and forward-looking. -- Katrin B. Anacker * Journal of Urban Affairs *Allen and Macomber provide the key actions needed to make sure ‘sick buildings are a thing of the past.’ It’s a fascinating read for anyone interested in keeping our society healthy and well, and a near-mandatory one for anyone who works in the field. * Architect Magazine *Healthy Buildings makes a great contribution by urging us to shift to a ‘health-first’ mindset in relation to our built environment. Its unique insights help close the knowledge gap around healthy buildings, reveal their important role in global sustainability, and provide practical guidance on the main factors we should all be on the lookout for in our homes, offices, and schools. -- Cristina Gamboa, CEO of the World Green Building CouncilThe engaging conversational style of this comprehensive book makes it an ideal read for any busy building owner or executive who wants to learn about the new science of healthy buildings and to discover how following healthy building strategies may impact their (and society’s) bottom line. -- Christoph Reinhart, Director of MIT’s Building Technology Program and Head of the Sustainable Design LabSustainability and health can no longer exist in separate domains. Healthy Buildings bridges the divide. Allen and Macomber link health science and business science for a new way to think about buildings. -- John Mandyck, CEO of Urban Green CouncilIndoor air quality directly impacts our lungs, and we have a responsibility to remove indoor air pollutants that are linked to asthma, lung cancer, and other serious diseases. Healthy Buildings lays out the simple steps we can all take to improve our health. -- Harold Wimmer, National President and CEO of the American Lung AssociationIn this new era of ESG responsibility, every CEO must consider our built environment to fully meet stakeholder expectations. Joe Allen and John Macomber’s multidisciplinary, accessible approach unlocks the secret to future human health and productivity gains in the very buildings in which we live and work. -- Tom Burton, Chair of the Energy and Sustainability Practice, Mintz

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Book SynopsisTable of ContentsIntroduction 1 Part 1: Getting Started with House Flipping 5 Chapter 1: Brushing Up on the Basics 7 Chapter 2: Devising an Effective Flipping Strategy 19 Chapter 3: Building Your Dream Team 31 Chapter 4: Securing the Funds to Fuel Your Flips 47 Part 2: House Hunting with an Eye for Flipping 69 Chapter 5: Scoping Out a Fertile Neighborhood 71 Chapter 6: Hunting for Houses in Your Target Area 87 Chapter 7: Closing In on Foreclosure Properties 103 Chapter 8: Scoping Out Properties in Special Markets 125 Part 3: Evaluating Properties and Crunching Numbers 141 Chapter 9: Researching Distressed Properties 143 Chapter 10: Inspecting the Property and Estimating Rehab Costs 163 Chapter 11: Calculating Your Profit and Best Offer 181 Chapter 12: The Art of Haggling: Negotiating a Price and Terms 193 Part 4: Fixing Up Your Fixer-Upper 207 Chapter 13: Building and Managing Your Rehab Team 209 Chapter 14: Prioritizing and Planning Your Renovations 221 Chapter 15: Giving Your Property a Quick Makeover 235 Chapter 16: Perking Up the Curb Appeal 249 Chapter 17: Dazzling the Crowds with Updated Kitchens and Baths 265 Chapter 18: Tackling Moderate Makeovers 281 Chapter 19: Reconfiguring Spaces and Other Structural Overhauls 291 Part 5: Cashing In: Realizing Your Profit 303 Chapter 20: Considering Your Options: Cash or Cash Flow? 305 Chapter 21: Marketing Your Home 317 Chapter 22: Negotiating the Sale to Maximize Your Profit 331 Chapter 23: Trudging through Some Taxing Issues 343 Part 6: The Part of Tens 353 Chapter 24: Ten Ways to Find Dontwanners 355 Chapter 25: Ten Signs of a Great House Flipping Opportunity 363 Chapter 26: Ten House Flipping Blunders 369 Index 375

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Book SynopsisPhil Spencer, property expert and co-presenter of hit series Location, Location, Location, provides everything you need to know to help you buy (and sell) your first homeWant to own your own home, but not sure where to start? Need some friendly advice from a property professional?In How to Buy Your First Home, property expert Phil Spencer takes the worry out of the property market. Breaking everything down into simple and achievable steps, he makes this daunting process easy. Learn how to:- Find your perfect pad- Choose which mortgage is right for you- Negotiate with estate agents and sellers- Organise exchange and completion Including indispensable advice, money-saving tips and an essential trouble-shooting section, this guide covers everything a first-time buyer needs to know. And when it''s time to move on again, this book will show you how to sell your home too.Phil Spencer is one the best-Trade ReviewPhil Spencer is a genuine property expert. You can trust his advice -- Anne Cuthbertson * The Sunday Telegraph *Property guru * Telegraph *

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Book SynopsisThis book discusses sustainability within the facility management industry. However, it is not another anthology of so-called best practices and the seemingly endless range of certification schemes. It is also not a (marketing) guide on how to communicate high-pitched sustainability ambitions to potential customers to increase (short-term) market share.Instead, this book is based on the realisation that most facility management businesses and departments actually find it hard to truly integrate sustainability into their strategies, tactics and day-to-day operations in a coherent way. It is also based on the reference point that sustainable development cannot be realised only through technological advancements and new procedures; it requires new behavioural patterns of people. Not only of your own employees, as a supplier or department, but also of those for whom you design, stage and manage optimal workplace experiences. Those patterns will not emerge from nowheTrade Review"Many applications of sustainability to facilities are focused on a ‘bolt-on’ perspective rather than looking at sustainability through a lens that integrates people, place, and process. This book does it better than any published to date." - Theodore J., Weidner, Ph.D., PE, RA, NCARB, Purdue University"This book provides a refreshingly aspirational look at facilities management. It shows how a sustainable approach demands a radical rethink of what is possible." - Dr Eddy Finch, consultant and Former Editor of Facilities Management'Many applications of sustainability to facilities are focused on a ‘bolt-on’ perspective rather than looking at sustainability through a lens that integrates people, place, and process. This book does it better than any published to date.'- Theodore J., Weidner, Ph.D., PE, RA, NCARB, Purdue University'This book provides a refreshingly aspirational look at facilities management. It shows how a sustainable approach demands a radical rethink of what is possible.' - Dr Eddy Finch, consultant and former Editor of Facilities ManagementTable of Contents1. SUSTAINABILITY, FACILITIES AND WORKPLACE MANAGEMENT 2. TECHNOLOGY AND BEHAVIOUR 3. PEOPLE AND SUSTAINABILITY 4. IDENTITY AND SUSTAINABILITY 5. LOCAL STAKEHOLDERS AND SUSTAINABILITY 6. SUSTAINABLE BUSINESS MODEL LOGIC AND COMPETENCIES

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Book SynopsisThe third edition of Property Valuation: The Five Methods introduces students to the fundamental principles of property valuation theory by means of clear explanation and worked examples. An ideal text for those new to the subject, the book provides 1st year undergraduate students with a working knowledge and understanding of the five methods of valuation and the ways in which they are interlinked.In this fully revised edition, the new author team have: restructured the chapters to ensure a more logical order outlined the economic theory of value and the rules and constraints under which a valuer works provided detailed consideration of each of the five recognised approaches placed a larger emphasis on the Discounted Cash Flow approach These revisions are all written in the concise and accessible style which has made previous editions of the book so successful. The new editTable of Contents1. The property market in context 2.Professional Valuation Practice 3. Valuation formulae 4. The comparative method 5. The investment method – traditional approaches 6. The investment method –discounted cash flow approaches 7. The residual method 8. The profits method – financial data 9. The profits method – valuation 10. Cost-based methods

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Book SynopsisWhether you are renting out part of your home, or investing in a property, this guide to the constantly changing market and its laws will prove to be invaluable. Whether you've inherited a home you now need to rent or you're aiming to become a property tycoon, this friendly guide is your road map to success.Table of ContentsIntroduction 1 Book I: Housebuying Basics and the Law 7 Chapter 1: Step One: Getting the Most from Viewings 9 Chapter 2: Making an Offer 19 Chapter 3: Going, Going, Gone: Buying Property at Auction 37 Chapter 4: Conveyancing for Buyers and Sellers in England, Wales, and Northern Ireland 49 Chapter 5: Buying a House in Scotland 69 Chapter 6: Researching European Markets 81 Book II: Finance, Tax, and How to Organise Them 97 Chapter 1: Getting a Mortgage 99 Chapter 2: Financing with a Buy-to-Let Mortgage 129 Chapter 3: Saving Tax on Your Bricks-and-Mortar 139 Chapter 4: Using a Company to Hold Your Property 151 Chapter 5: Recordkeeping and Financial Management 157 Chapter 6: Financing Abroad 165 Book III: Renovating a Property 175 Chapter 1: Renovating Wrecks: Property In Need of Work 177 Chapter 2: Dealing with Damp 189 Chapter 3: Installing Kitchen Cabinets 195 Chapter 4: Installing Worktops and Sinks 209 Chapter 5: Out on the Tiles: Tiling in Kitchens and Bathrooms 231 Chapter 6: Heating, Ventilating, and Insulating Your Property 237 Chapter 7: Flooring: Keeping a Leg Up on Foot Traffic 245 Chapter 8: Painting and Finishing 269 Book IV: Becoming a Buy-to-Let Landlord 287 Chapter 1: Decision Time: Managing Yourself or Hiring an Agent? 289 Chapter 2: Preparing a Property for Tenants 301 Chapter 3: The Big Three: Rent, Deposits, and Tenancy Agreements 315 Chapter 4: Advertising and Showing Your Property 333 Chapter 5: Safety, Security, and Insurance 369 Book V: Managing a Tenancy 387 Chapter 1: Selecting and Screening Your Tenants 389 Chapter 2: Moving in Your Tenant 415 Chapter 3: Collecting and Increasing Rent 441 Chapter 4: Sweet and Sour: Keeping Good Tenants and Dealing with Problem Ones 453 Chapter 5: Moving Out Tenants 467 Book VI: Selling Up at a Profit 483 Chapter 1: Selling with a Pro: Getting the Most from Estate Agents 485 Chapter 2: Going It Alone: Selling Your Property Privately 495 Chapter 3: Creating the Right Impression 515 Chapter 4: Negotiating a Successful Sale 523 Chapter 5: Selling in Scotland 535 Index 545

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Book Synopsis**Winner of thePersonal Finance and Investment Book of the Year at theAustralian Business Book Awards 2022**Conquer the challenges faced as a woman pursuing financial independence and prosperity In The Female Investor: Creating Wealth, Security, and Freedom through Property, celebrated property and finance experts Nicola McDougall and Kate Hill deliver a practical and approachable guide for women of all ages as they navigate the world of property investing. You''ll learn how to build equity and wealth in the property market and achieve financial independence, all while overcoming the gender-based salary deficit and balancing the demands of family and work. You'll discover invaluable advice on: How to get started with property investing, regardless of what stage of life you''re in How to protect your assets in the event of a relationship breakdown and handle the talk with your partner when you decide i

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Book Synopsis**Finalist of the Personal Finance and Investment Book of the Year at theAustralian Business Book Awards 2022**Find financial freedom through property investment with help from an Australian success story Drawing on his own remarkable rags-to-riches story, author Eddie Dilleen delivers a recipe for financial independence in 30 Properties Before 30: How You Can Start Investing in Property Right Now. In the book, readers will find a step-by-step roadmap to building an expansive portfolio of properties and advice to help them reach their financial goals sooner. The author includes powerful formulas and strategies that anyone can use to take control of their financial future. Readers will also find: A straightforward starting point for all Australians looking to begin investing in property A persuasive message that it''s never too early (or too late) to get involved in property investment and the tips, fa

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Book SynopsisThis basic primer covers the nuts and bolts of developing all types of real estate, including multifamily, office, retail, and industrial projects. Thoroughly updated, this new edition includes numerous case studies of actual projects as well as small-scale examples that are ideal for anyone new to real estate development.

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Book SynopsisProject Design for Geomatics Engineers and Surveyors, Second Edition, continues to focus on the key components and aspects of project design for geomatics and land surveying projects with the goal of helping readers navigate the priority issues when planning new projects. The second edition includes new materials on surveying and UAV, and it is thoroughly updated to keep current with the recent technology and terminology. The two new chapters capture new developments in the rapidly emerging use of remote sensing and GIS in aerial surveys, mapping, and imaging for small-to-medium scale projects, as well as modern practices and experiences in engineering surveying.1. Provides a simple guide for geomatics engineering projects using recent and advanced technologies. 2. Includes new content on spatial data collection using GIS, drones, and 3D digital modeling. 3. Covers professional standards, professional and ethical responsibilities, and policy, social, and environmentaTable of ContentsPart I: Overview Chapter 1. Project Design Process Part II: Contemporary Issues Chapter 2. Standards and Specifications Chapter 3. Professional and Ethical Responsibilities Chapter 4. Policy, Social, and Environmental Issues Part III: Planning and Design Chapter 5. Boundary Surveys Chapter 6. Control Surveys Chapter 7. Topographic Surveys Chapter 8. GIS Application Chapter 9. Unmanned Aerial Systems Surveys/Mapping Chapter 10. Engineering and Mining Surveys Part IV: Proposal Development Chapter 11. Estimating Project Costs Chapter 12. Writing Geomatics Proposals Part V: Appendices

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Book SynopsisRating Valuation: Principles and Practice has long been the standard go-to guide for both students studying rating valuation and practitioners needing a comprehensive reference book covering rating law, valuation and, importantly, practice. This fifth edition brings the reader up to date with the changes for the 2023 Rating Revaluation and developments in case law, as well as highlighting the differences between the law in England and Wales. A comprehensive chapter covers rates in Northern Ireland.Starting with the basics, the book goes on to provide more in-depth detail for advanced readers, using clear, accessible and engaging analysis and example valuations throughout to break down what many see as a complex subject.Whether you are studying to pass your APC, or just want an overview of the changes following the latest revaluation, Rating Valuation: Principles and Practice will give you all you need to understand rating valuation.Table of Contents1. Introduction2. The Rateable Occupier3. The Hereditament4. The domestic/non-domestic borderline5. Exemptions and reliefs6. The basis of valuation7. Rental analysis and valuation8. The Contractor’s Basis9. Receipts and expenditure10. The valuation of shops11. The valuation of offices12. The valuation of factories, workshops and warehouses13. The valuation of plant and machinery14. The valuation of other types of property15. The 2023 rating lists: preparation, alteration and appeals16. Rating administration, collection and enforcement17. The Empty Property Rate18. The Council Tax19. Rating in Northern IrelandAppendix 1Appendix 2

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Book SynopsisMandatory Competencies: APC Essentials is the first book in a new series designed to cover what any RICS APC (and AssocRICS) candidate or qualified surveyor needs to know about the mandatory competencies.Written by Jennifer Lemen, author of How to Become a Chartered Surveyor and co-founder of one of the UK's market leading APC training providers, Property Elite, this guide is packed full of bite sized information covering: Ethics, Rules of Conduct and Professionalism Client Care Communication and Negotiation Health and Safety Accounting Principles and Procedures Business Planning Conflict Avoidance, Management and Dispute Resolution Procedures Data Management Diversity, Inclusion and Teamworking Inclusive Environments Sustainability Senior Professional Assessment Mandatory Competencies Submission and Interview Advice Practical and concise, w

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This second edition of Construction Law: From Beginner to Practitioner provides a thorough and comprehensive guide to construction law by blending together black letter law and socio-legal approaches. This mixed methodology makes an ideal introduction to the subject for those studying to enter the architecture, engineering and construction (AEC) industry in a professional capacity. Designed to equip the student with all they need to know about construction law, the topics covered include: the fundamentals of law and the English legal system contract, business, tort and property law procurement, subcontracting and partnering claims, damages, losses and expenses dispute resolution including mediation, arbitration, litigation and adjudication The book''s suitability for study is enhanced by its logical structure, chapter summaries and further reading lists whilst the role of law in achieving a more collaborative and less c

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a huge range and FREE tracked UK delivery on ALL orders.

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Book SynopsisDiscover an insightful examination of the property investment appraisal process from leaders in the industry This book explains the process of property investment appraisal: the process ofestimating both the most likely selling price (market value) and the worth of property investments to individuals or groups of investors (investment value). Valuations are important.They are used as a surrogate for transactions in the measurement of investment performance and they influence investors and other market operators when transacting property. Valuations need to be trusted by their clients and valuers need to produce rational and objective solutions. Appraisals of worth are even more important, as they help to determine the prices that should be paid for assets, even in times of crisis, and they can indicate market under- or over-pricing. In a style that makes the theory as well as the practice of valuation accessible to students and practitioners, the authors provide a valuable critique of conventional valuation methods and argue for the adoption of more contemporary cash-flow methods. They explain how such valuation models are constructed and give useful examples throughout. They also show how these contemporary cash-flow methods connect market valuations with rational appraisals. The UK property investment market has been through periods of both boom and bust since the first edition of this text was produced in 1988. As a result, the book includes examples generated byvastly differentmarket states.Complex reversions, over-rented properties and leaseholds areall fullyexamined by the authors. This Fourth Edition includes new material throughout, including brand new chapters on development appraisals and bank lending valuations, heavily revised sections on discountedcash flow modelswith extended examples, and on the measurement and analysis of risk at an individual property asset level. The heart of the book remains the critical examination of market valuation models,whichno other book addressesin such detail.Table of ContentsPreface xi 1 Property Investment Appraisal in its Context 1 1.1 What is Appraisal? 1 1.2 The Appraisal Process 4 1.3 What Makes a Good Appraisal? 5 1.3.1 Accuracy, Bias, Smoothing, and Lagging of Valuations 6 1.3.2 Client Influence on Valuations 11 1.4 Conventional and Discounted-Cash-Flow Approaches to Appraisal 12 2 Principles of Investment Analysis 15 2.1 Introduction 15 2.2 Types of Investments 16 2.2.1 Cash Deposits 16 2.2.2 Fixed-Interest Securities 17 2.2.3 Index-Linked Securities 19 2.2.4 Ordinary Shares (Equities) 20 2.2.5 Property 22 2.2.6 Summary of Investment Types 24 2.3 Qualities of Investments 25 2.3.1 Income and Capital Growth 27 2.3.2 Operating Expenses 28 2.3.3 Liquidity, Marketability, and Transfer Costs 28 2.3.4 Real Options 29 2.3.5 Leverage 30 2.3.6 Tax Efficiency 31 2.4 Sources of Risk 31 2.4.1 Business and Financial Risk 32 2.4.2 Nominal and Real Risk 33 2.4.3 Systematic and Specific Risk 34 2.4.3.1 Systematic Risks 35 2.4.3.2 Specific Risks 35 2.4.3.3 International Investment Risks 37 2.4.4 Diversifying Risk 37 2.5 Comparing Investments: NPV and IRR 41 2.6 Initial Yield Analysis and Construction 46 2.7 Summary 48 3 The DCF Appraisal Model 51 3.1 The Cash Flow Model 51 3.2 The Inputs 51 3.2.1 The Holding Period 53 3.2.2 The Lease and Lease Events 54 3.2.3 Depreciation, Refurbishment and Redevelopment 55 3.2.4 Forecasting Rental Growth 57 3.2.5 The Resale Price 58 3.2.6 Exit Capitalisation Rate 58 3.2.7 Expenses 59 3.2.8 Void (Vacancy) Allowances 60 3.2.9 Transaction Costs 60 3.2.10 Taxes 61 3.2.11 Debt Finance 61 3.3 The Discount Rate 62 3.3.1 The Risk-Free Rate 63 3.3.2 The Risk Premium 64 3.4 Examples 66 3.5 Summary 82 4 The Evolution of Freehold Market Valuation Models 83 4.1 Introduction 83 4.2 The Evolution of Conventional Techniques 84 4.2.1 The Changing Perception of Investors 84 4.2.2 Historical Application of the Basic Valuation Model 88 4.3 Rationale of the Pre-1960 Appraisal Approach 90 4.4 The Post-1960 Conventional Market Valuation Model 94 4.4.1 The Fully Let Freehold 95 4.4.2 The Reversionary Freehold 95 4.4.3 Over-Rented Properties 102 4.5 Conclusions 107 5 Contemporary Freehold Market Valuations 109 5.1 Introduction 109 5.2 Analysing Transactions 111 5.2.1 Implied Rental Growth Rate Analysis 111 5.2.2 Calculation of the Implied Rental Growth Rate 111 5.2.3 Implied Target Rate Analysis 113 5.3 Full Explicit and Short-cut DCF Valuation Models 114 5.3.1 Introduction 114 5.3.2 An Explicit Cash-Flow Model Including Short Cut DCF 114 5.3.3 DCF by Formula 117 5.4 Alternatives to DCF 118 5.4.1 Introduction 118 5.4.2 Real Value 119 5.4.3 Arbitrage Model 124 5.5 Reversionary Freehold Valuations 127 5.5.1 Analysis of Transactions 127 5.5.2 Short Cut DCF 128 5.5.3 Real Value 128 5.5.4 Arbitrage 129 5.6 Over-rented Contemporary Model Valuations 130 5.6.1 Analysis of Transactions 130 5.6.2 Short Cut DCF 131 5.6.3 Real Value 131 5.6.4 Arbitrage 132 5.7 Summary 133 6 Freehold Market Valuations – Applications 135 6.1 Introduction 135 6.2 Analysis of Transactions 136 6.3 Rack Rented or Vacant Property Investments 139 6.3.1 Conventional Model 139 6.3.2 DCF by Formula 140 6.3.3 Explicit DCF (Assuming a Nine-Year Holding Period) 140 6.3.4 Arbitrage/Real Value 141 6.4 Two-Stage Reversionary Freeholds 142 6.4.1 Basic Two-Stage Reversionary Freeholds 142 6.4.2 Long Reversions 143 6.4.3 Over-rented Properties 146 6.5 More Complex Reversionary Freeholds 153 6.5.1 Lease Events and the Valuation of Multi-let Property 153 6.5.2 Alternative Review Forms: Indexation and Fixed Increases 162 6.5.3 Summary 166 6.6 Comparing Conventional and Contemporary Techniques 167 6.6.1 Defending Conventional Techniques 167 6.6.2 Target-Rate Choice 167 6.6.3 Fully Let Freeholds: Contemporary Versus Conventional Valuations 168 6.6.4 Reversionary Freeholds: Contemporary Versus Conventional Valuations 169 6.7 Taxation and Market Valuation 178 6.8 Conclusions 182 7 Leasehold Valuations 185 7.1 Introduction 185 7.2 The Evolution of Conventional Leasehold Valuations 185 7.3 Contemporary Leasehold Valuations 194 7.3.1 Fixed Leasehold Profit Rents 195 7.3.2 Geared Leasehold Profit Rents Reviewable Rent Received, Fixed Rent Paid 196 7.3.3 Synchronised Reviews in Head- and Sub-leases 200 7.3.4 Reversionary Leaseholds Reviewable Rent Received, Fixed Rent Paid 200 7.3.5 Reviewable Rent Received, Unsynchronised Reviewable Rent Paid 202 7.3.6 Over-rented Leaseholds 204 7.4 Conventional Versus Contemporary Techniques 206 7.5 The Limitations of the Contemporary Models for Leaseholds 209 7.5.1 Analysis and Valuation Using Leasehold Comparables 209 7.5.2 Analysis and Valuation Using Freehold Comparables 212 7.6 Taxation and the Market Valuation of Leaseholds 215 7.7 Conclusions 216 8 Measurement and Pricing of Risk in Appraisals 217 8.1 Introduction 217 8.2 Nature and Sources of Risk 218 8.3 Measuring Risk 220 8.3.1 Risk-Adjusted Discount Rate 222 8.3.2 Sensitivity Analysis 224 8.3.3 Scenarios 228 8.3.4 Simulations 229 8.4 Risk Pricing 232 8.4.1 Assessing the Risk Premium 233 8.4.2 Certainty-Equivalent Cash Flows 234 8.4.3 The Sliced-Income Approach 235 8.5 Summary 238 9 Development Appraisal 241 9.1 Introduction 241 9.2 Valuation Methods 242 9.2.1 Basic Residual Method 242 9.2.2 Discounted Cash Flow Residual Method 243 9.3 Developer’s Profit 250 9.4 Changes in Costs and Values and Phasing of Developments 253 9.5 Finance 253 9.6 Conclusion 254 10 Bank Lending Appraisals 259 10.1 Introduction 259 10.2 The Bank Lending Valuation Problem 260 10.3 Market Value 261 10.4 Mortgage Lending Value 261 10.5 Basel III Definition of Long-term Value 263 10.6 Investment Value 264 10.7 Illustration of the Three Established Approaches 264 10.7.1 Market Value (Equivalent Yield 6.5%) 265 10.7.2 Mortgage Lending Value 266 10.7.3 Investment Value 267 10.8 Performance of the Three Valuation Bases over the Last Two Property Market Downturns in the UK 268 10.9 Summary and Conclusions 271 11 Conclusions 273 Bibliography 277 Index 291

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Book SynopsisA practical guide to the best approaches for commercial real estate value assessment Commercial Property Valuation provides a comprehensive examination of principles and methods of determining the accurate value of commercial assets. This invaluable resource covers all key elements of commercial property valuation, including valuation queries, real estate report structure, market analysis, capitalization and discount rates estimation, and more. This book details the economic characteristics unique to commercial property and illustrates property-specific risk factors and mitigation strategies. Drawing from years of professional and academic experience, the authors provide accurate information on multiple valuation approaches suitable for commercial real estate such as sales comparison, income capitalization and residual land value. Favoring real-world practicality over complex formulas, this book provides a powerful set of tools to assist readers in selectTable of ContentsAbout the Authors xi Foreword by Andrew Baum xiii Foreword by Vincent Vinit xv Preface xvii Chapter 1 Introduction to Property Valuation 1 Determining the Valuation Requirement 1 The Subject of the Valuation 1 Purpose of the Valuation 2 Value to Be Estimated 2 Valuation Date 2 Definitions of Value 3 Market Value 3 Investment Value 5 Valuation Associations, Codes and Standards 6 Notes 7 Chapter 2 Economic Characteristics and Elements of Risks of Properties 9 Characteristics of Property Investments 10 Building and Land 10 Use of Space and Investment Asset 13 Owners and Users 13 Business Perspective 14 Location 15 Categories of Property Investments 16 Development Projects 16 Income-Producing Properties 17 Trading Operations 17 Skills in Asset and Investment Management 18 Economic Classification of Properties 19 Property Classification Criteria 19 Macro Categories of Properties 24 A Simple Definition of Risk 28 Common Risk Elements in Real Estate Investment 29 Capital Market 29 Liquidity 30 Financial Structure 30 Regulatory 31 Location 31 Intended Use and Type of Properties 32 Development Projects 33 Authorisation 33 Environmental 33 Construction-Related 34 Market 34 Income-Producing Properties 35 Physical and Technical Features 35 Management and Market 36 Rental and Contractual Situation 36 Notes 37 Chapter 3 Market Analysis 41 Economic Analysis 41 Analysis of the Property Market 41 Comparative Data and Valuation Method 43 Characteristics of the Comparative Factors and Information Sources 43 Notes 45 Chapter 4 A New Simple Classification of Valuation Methods 47 Choice of Valuation Method 49 Depreciated Cost Approach Methods 53 Introduction 53 Description 53 Use, Advantages, and Limitations of the Depreciated Cost Approach 56 Notes 56 Chapter 5 Sales Comparison Approach Methods 59 Approach and Application Criteria 59 Direct Comparison Approach 60 Hedonic Pricing Model 63 Notes 65 Chapter 6 Income Capitalisation Comparison Approach Methods 67 Approach and Application Criteria 67 Direct Capitalisation Approach 69 The Direct Capitalisation Approach Calculation Algorithm 70 Profit and Loss Account of an Income-Producing Property 71 Use, Advantages, and Limitations of the Direct Capitalisation Approach 78 Application of the Direct Capitalisation Approach 78 Discounted Cash Flow Approach 81 Choosing the Time Horizon 82 Estimating the Cash Flows 83 Estimating the Terminal Value 83 Discounting the Cash Flows and Calculating the Asset Value 85 Use, Advantages, and Limitations of the Discounted Cash Flow Approach 88 Residual Value Methods 90 Introduction 90 Single Period Residual Value Approach 90 Multiple Periods Residual Value Approach 91 Notes 94 Chapter 7 Property Return Rates 97 Measuring the Return on a Property Investment 97 Rates and Capital Market 101 Cap Rate 103 Definition and Description of the Cap Rate 103 Going-In and Going-Out Cap Rate 104 Discount Rate 107 Definition and Description of the Discount Rate 107 Consistency Between Discount Rate and Cash Flow 108 The Components of the Discount Rate 110 How to Estimate Property Return Rates 113 Market Extraction 114 Determining the Discount Rate from the Cap Rate 117 Build-Up Approach 119 Analysing the Opinions of Market Players on the Return Expected 122 Notes 122 Chapter 8 Structure of the Valuation Report 127 Executive Summary 128 Preamble 128 Description of the Property 128 Market Analysis 133 Valuation 134 Conclusions 134 Appendices 135 Notes 135 Chapter 9 Office Property Appraisal 137 Description of the Property 137 Choice of Valuation Method 139 Market Analysis 139 Valuation 140 Choosing the Time Horizon 140 Estimating the Cash Flows 141 Determining the Terminal Value 145 Determining the Discount Rate 146 Calculating the Market Value of the Property 147 Notes 151 Chapter 10 High Street Retail Unit Appraisal 153 Description of the Property 153 Choice of Valuation Method 154 Market Analysis 157 Estimating the ERV 157 Estimating the Cap Rate 160 Estimating Vacancy and Leasing Time 161 Estimating Refurbishment Costs 161 Valuation 161 Notes 163 Chapter 11 Hotel Appraisal 165 Description of the Property 165 Choice of Valuation Method 167 Market Analysis 168 Macroeconomic Climate 168 Supply and Demand Analysis 169 Forecast of Average Rate and Occupancy 173 Projection of Income and Expenses 178 Valuation 185 Notes 187 Chapter 12 Development Project Appraisal 189 Description of the Property 189 Choice of Valuation Method 190 Market Analysis 191 Valuation of the Development Project 192 Choosing the Time Horizon 192 Estimating the Cash Flows 194 Determining the Discount Rate 195 Calculating the Market Value of the Development Project 197 Notes 197 Glossary 199 Bibliography 205 Index 209

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Book SynopsisBuild wealth through real estate Real Estate Investing All-in-One For Dummies will show new and seasoned real estate investors how to make smart decisions. With seven books in one, this complete resource will teach you how to purchase real estate, flip houses, invest in commercial real estate and foreclosures, sell your house, buy real estate internationally, and more. We even explain the ins and outs of short-term rentals like Airbnb, so all your passive income options are covered. With this book, you can start investing in real estate quickly and easily, thanks to user-friendly information and expert tips that will help you avoid costly mistakes. It's your one-stop resource for all things real estate. Learn how to buy and sell real estate, including how to find the best dealsDetermine whether flipping houses or short-term rental management is for youMaximize your earnings and minimize your tax bill in real estate investmentExtend your reach outside the United States by investing in real estate globallyThis is the perfect Dummies guide for amateur real estate investors who need a hand getting started, and for seasoned investors looking to up their game with commercial, international, and other investment strategies.Table of ContentsIntroduction 1 Book 1: Getting Started with Real Estate Investing 5 Chapter 1: Evaluating Real Estate as an Investment 7 Chapter 2: Covering Common Real Estate Investments 25 Chapter 3: Building Your Team 45 Chapter 4: Financing Your Property Purchases 63 Chapter 5: Grasping the Legal Fundamentals of Managing Residential Rentals 83 Book 2: Welcome Home: Buying a House 99 Chapter 1: Knowing Where and What to Buy 101 Chapter 2: Determining a House’s Worth 139 Chapter 3: Negotiating Your Best Deal 159 Book 3: Investing in a Foreclosure Property 185 Chapter 1: Getting Up to Speed on the Foreclosure Process 187 Chapter 2: Picking Your Point of Entry in the Foreclosure Process 199 Chapter 3: Performing Your Due Diligence 215 Chapter 4: Cashing Out on Your Foreclosure Property 237 Book 4: Flipping a House 259 Chapter 1: Devising an Effective Flipping Strategy 261 Chapter 2: Inspecting the Property and Estimating Rehab Costs 273 Chapter 3: Calculating Your Profit and Best Offer 291 Chapter 4: Prioritizing and Planning Your Renovations 303 Chapter 5: Negotiating the Sale to Maximize Your Profit 319 Book 5: Using Your House as an Airbnb 331 Chapter 1: Hosting on Airbnb: What It Really Means 333 Chapter 2: Determining Your Profit Potential 345 Chapter 3: Preparing Your Property 363 Chapter 4: Setting Your Listing Pricing 387 Book 6: It’s All Over: Selling Your House 405 Chapter 1: Deciding to Sell 407 Chapter 2: Timing Is Everything 423 Chapter 3: Price It Right and Buyers Will Come 435 Chapter 4: Marketing Your House 453 Book 7: Gone Global: Investing in International Real Estate 467 Chapter 1: Introducing International Investment Strategies 469 Chapter 2: Investing at Home or Abroad: Which Is Right for You? 485 Book 8: The Next Level: Investing in Commercial Real Estate 501 Chapter 1: A Crash Course in Commercial Real Estate Investing 503 Chapter 2: Evaluating Commercial Real Estate 519 Chapter 3: Property Management: Who’s Minding Your Ship? 549 Index 571

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Book SynopsisYour step-by-step guide to building long-term wealth through property This fully revised Australian edition of Property Investing For Dummies cuts through the jargon and hype to identify what's really needed to succeed in Australia's hot property market. It lays out, in clear and helpful terms, exactly how you can identify the right investment options, figure out your finances and make a successful bid or offer. You'll master the basics on how to manage risk, protect your new property and become an effective landlord or landlady. And you'll learn how to grow a profitable portfolio that can generate income and secure your financial freedom. Create a property investment plan that fits with your personal financial goals Evaluate properties and locations to identify value and find the best deals Understand your finance options, including mortgage terms, interest rates, lending fees and using an SMSF Assemble a reliable support network

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Book SynopsisAre you an independent estate agent looking to grow but spending too much on marketing that does not work for you?The Selective Estate Agent unveils the three marketing cornerstones that make up the Profit Pyramid a tried and tested approach to attracting and converting high value homes. This practical handbook is packed with strategies and tips for implementing this approach in your agency to increase profitability as quickly and cost-effectively as possible.This book will enable you to: Focus on what you really want your agency to do for you Gain the confidence to target and convert the homes you'd love to sell Discover simple steps you can take to achieve powerful and profitable results for your agency Use the right tools and resources to implement the Profit Pyramid Create the agency you''ve always dreamed of

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Book SynopsisUnderstanding Housing Defects provides a concise, coherent and comprehensive introduction to the causes, investigation and diagnosis of defects in domestic buildings.For this new edition, many of the chapters have been substantially updated and new photographs have been added. There are four new chapters covering: How defects are defined An overview of building and architectural history External joinery and painted finishes Environmental and health- related building problems Many of the 21 chapters cover a specific building element and include a brief introduction setting out construction principles and the evolution of current practice. All of the chapters consider the identification, cause and diagnosis of common (and sometimes not so common) defects. This book is a must have for all those students and practitioners who require a broad understanding of housing defects. BuTrade Review"Having used the companion text, The Construction of Houses, to teach first year undergraduate Building Technology for many years I came late to Understanding Housing Defects but since discovering this excellent book I have used it extensively to teach building pathology at undergraduate and postgraduate levels. The book has been very well received by my students." Mike Hoxley, Professor of Building Surveying, Nottingham Trent University and former editor of Structural Survey "Such a wealth of knowledge is rare to find in a book which makes it a ‘must own’ for students pursuing their undergraduate degree within a construction discipline. The full colour illustrations bring home what often goes wrong in the building process. The book not only proffers alternative solutions and unrivalled knowledge, but is an ideal desk copy for lecturers and professional builders and even ordinary home owners trying to upgrade the energy performance of their homes or first time developers looking to resolve some of the challenges associated with converting older properties." Dr Joseph Kangwa, Senior Lecturer, Leeds Metropolitan University, UK"… this is a well written, informative and well documented reference book providing a great starting point for anyone observing building defects and a very likely source of a suitable solution for many." – Stephen McDonald, SelfBuild & Improve Magazine"This book is a feast for the eyes with numerous photographs, drawings and details, a must for any Building Surveyor." Amazon.co.uk customer"Concisely written and easy to understand." Amazon.co.uk customer"Brilliantly clear… Well-written with great drawings and advice." Amazon.co.uk customerTable of Contents1. Understanding Defects – an introduction 2. Building history 3. Building Movement – Foundations 4. Building Movement -Walls 5. The investigation of structural defects 6. External Walls –Brickwork and Stonework 7. Ground Floors 8. Upper Floors 9. Pitched Roofs 10. Flat Roofs 11. External Rendering 12. Plastering and Plasterboard 13. Internal walls and partitions 14. External joinery 15. Timber Pests 16. Dampness 17. System Building 18. Environmental and health- related building problems 19. Water and Heating 20. Drainage 21. Electrical Installations

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