A Williamsburg Studio Goes Boutique-Hotel Chic


Brooklyn’s White Arrow gives a tall, narrow space stunner status. Just look up.

Williamsburg loft

Photos courtesy of White Arrow

  • Designing partners Keren and Thomas Richter of Brooklyn’s White Arrow posted their project on Sweeten on behalf of client Jared S.
  • Where: South Williamsburg, Brooklyn, New York
  • Primary renovation: Top-to-bottom upgrades took the existing finishes in a grayed-out-modern, 668-square-foot studio from stark to a luxe-chic state of relaxed
  • Notable: The remodel brought needed storage and stretch-out room to the narrow condo.
  • Result: A home towering with sleek touches and rich tones, and offering space for everything
  • Sweeten general contractor
  • Sweeten’s role: Sweeten matches home renovation projects with vetted general contractors, offering advice, support, and financial protection—at no cost to the homeowner.
double height loft ceilings

It’s hard to say anything but yes to the job next door. “This project, right around the corner from our home and office, was the most convenient project we’ve done,” said Keren Richter, principal designer and founder, with husband and partner Thomas Richter, of White Arrow. But that wasn’t the only aspect of the condo, part of a historic 19th-century building conversion in South Williamsburg, that drew them to the remodel. The lofted duplex, with its 19-foot ceilings and armspan-width, was unique in its shipping-tube configuration. And then there was the owner. Jared had stayed all over and sought to bring an alluring boutique-hotel vibe to the place.

“I’d been bouncing around between cities for a while—Amsterdam, San Francisco, back to New York City,” Jared said. “I wanted a place to call home, that would really be a sanctuary. I spoke with the design team about the aesthetics of spaces I loved, like SoHo Farmhouse, the Bowery Hotel, the Maritime in Chelsea, Brooklyn’s Wythe Hotel, the Freehold, the Clover Club, and the Walter.” The White Arrow duo was reeled in.

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“We agreed we wanted to give the home the trappings of a sophisticated urban hotel,” Keren said. “It needed to be great for entertaining, hosting guests, relaxing and working,” which Jared, a digital agency founder, had been doing from home for years. The apartment, despite its high ceilings, was extremely narrow, with a ground-floor kitchen and living room that pushed the boundaries of its small footprint.

“Our goal was to make the home feel spacious and accentuate the positive,” Keren said. The walls, she explained, were a “disjointed arrangement of extrusions and unflattering angles,” including an inset stretch of exposed antique brick and a boxed-in, underutilized loft-bedroom platform. “We streamlined everything, reconsidering odd bumps as opportunities for storage and display,” she added.

“Every square foot had to be well utilized,” Jared said. He wanted to add nooks and niches to put his things, and make the place truly feel like his own.

We streamlined everything, reconsidering odd bumps as opportunities for storage and display

The designers and their client also agreed that, instead of demolishing the place, they would elevate the existing finishes and fixtures. “We set out to minimize the rustic details the developer had selected during the conversion, and bring the home to a quiet level of cohesiveness with a new color palette,” Keren said.

Following White Arrow’s plan, their Sweeten general contractor streamlined the place’s odd juts and angles, and adding custom integrated display shelving in the kitchen as well as the home office-niche. Workers refinished the white-oak flooring with a more neutral, beige color tone and painted the dark exposed brick. “I knew I wanted lighter floors for a more Scandinavian aesthetic, but was wary of bleaching them,” Jared recalls. He trusted the team and has no regrets. Similarly, whitewashing the brick felt risky when the designers suggested it—but it “totally opened the room,” Jared said.

painted green cabinets

“Our client took some creative leaps,” Keren recalled. Repainting the gray kitchen cabinetry in a vivid green was a biggie. “The color is a total showstopper, and we are so glad he was game!” Keren remarked. Their Sweeten contractor retiled the kitchen backsplash with marble penny tile and changed all door hardware and plumbing fittings in the kitchen, as well as the two bathrooms, which got new grout and caulk, toilets, vanities, medicine cabinets, and fixtures.

Throughout the place, the contractors added new lighting locations and dimmer switches and swapped in new fixtures. “We added dramatic chandeliers and sconces that draw the eye up to take in the dramatic, high ceilings,” Keren said. “Living finishes” such as an unlacquered brass kitchen faucet, bring warmth and texture. A home-media specialist integrated a sound system and a wall-mounted TV.

It was with the furnishings that the designers really connected with the hotel aesthetic they strove for. “We chose distinctive, contemporary pieces in rich materials and jewel tones,” Keren said. Both Keren and Thomas were excited to shop and showcase an unusual mix of international designers, including Muller Van Severin, Gio Ponti, Atelier Areti, Harto, Maison Sarah Lavoine, Slash Objects, and Trnk. “We sought out furnishings that would do ‘double duty’ to maximize small spaces,” Keren said—sophisticated sofa beds, the secretary desk that Jared describes as “an ingenious space-saver.”

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“Every piece,” Keren said, “is of the right proportion and scale,” including the king-size bed that Jared considered a must-have in the loft bedroom. The designers searched endlessly to find the furniture pieces that would allow every room to feel both luxurious and functional. To mellow the mood of the bedroom, Keren said, they added “a floor-to-ceiling, emerald-green velvet drapery to hide the formerly visible ensuite bath.”

The project had a fast turnaround, thanks to Sweeten’s vetting and follow-up during the project, Keren said. “The contractor was easy to work with and accommodating as the scope grew.”

As for the owner—Jared has been pleased to have his own digs to hunker down in during uncertain times. “The designs are super smart and well executed,” he says. “The living-room nook is discrete and conducive to relaxation. I am really happy.”

Thank you, Keren and Thomas of White Arrow, and Jared, for sharing the results of an inspired collaboration!

SHOPPING GUIDE

KITCHEN: Wood flooring and matte white-washed finish stain from Bona Traffic: Bona. Kitchen cabinets: Existing cabinets  refinished with oil paint in custom emerald green: Fine Paints of Europe. Cabinet hardware: House of Antique Hardware. Countertops: Caesarstone. Bianco Carrara 1” penny rounds backsplash: Builder Depot. Sink: Existing. Unlacquered brass faucet: Studio Ore.

LIVING ROOM: Aura paint in Cloud White: Benjamin Moore. Blue-velvet sofa: Clad Home. Leather chair: Trnk. Side table: Slash Objects. Ceiling light fixture: Atelier Areti. Coffee table: Sonder Living. Rug by The Rug Company: Farrow and Ball. Desk: HARTÔ. Borge Mogensen desk chair reissue: Fredericia. Sconce: Muller van Severin for Valeire Objects. Sound system: Sonos.

DINING AREA: Table: &Tradition. Borge Mogensen desk chair reissue: Fredericia.

BEDROOM: Vintage Harvey Probber Danish Mid-Century modern walnut headboard: 1stDibs. Lamp: Maison Sarah Lavoine. Dresser: Vintage. Sconces: Cedar & Moss. Nightstand: West Elm.

ADUs or accessory dwelling units can transform into home offices, living space for family or as a rental, or a retreat.

Sweeten handpicks the best general contractors to match each project’s location, budget, scope, and style. Follow the blog, Sweeten Stories, for renovation ideas and inspiration and when you’re ready to renovate, start your renovation with Sweeten.



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How Much Money You Should SPEND (By EVERY AGE)

Date: 2020-08-19 03:18:31

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Here is how much you should spend by every age, the 50 / 30 / 20 budget rule, and the best strategies to save money and invest to build wealth – enjoy! Add me on Instagram: GPStephan

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Now, when it comes to SUCCESSFULLY managing your money and growing your wealth so you’re not living paycheck to paycheck, this is probably the most widely used RULE OF THUMB out there: It’s called the 50 / 30 / 20 Rule. You take your AFTER TAX INCOME and divide that income up as follows:

50% of your income should be spent on your NEEDS – or, in other words, things you absolutely HAVE TO HAVE.

30% of your income should be spent on your WANTS – these are things that you don’t NEED to have, but they’re NICE to have:

20% should be spent on savings, investing, debt repayment, and so on.

HOWEVER – here are my thoughts:

I personally believe the best budget and way to save money is using the 50 / 10 / 40 approach:

20% SPENT ON HOUSING
Most experts are quick to suggest that housing your housing payment shouldn’t exceed 1/3rd of your income. Although I’d MUCH rather suggest that you spend – AT MOST – 25% of your income on housing, and – if at all possible – aim to spend more like 20%, or as little as you possibly can.

10% TRANSPORTATION
The conventional wisdom is that your TOTAL cost of transpiration shouldn’t exceed 15% of your income, and the total PRICE you pay for a car shouldn’t exceed 35% of your annual salary. INSTEAD, I much prefer the DAVE RAMSEY approach when it comes to how much money to spend on transportation: He recommends that your transportation cost NOT EXCEED 10% of your annual income, you should ONLY buy USED cars until you have a net worth over $1 million dollars, and I would go so far as to say the value of the car you buy should be LESS than 25% of your annual income.

10% FOOD or $600/MO – whatever is less
That’s why I believe a 10% food budget is OKAY when that adds up to less than $500 per month…but, once you start making more money, your food budget doesn’t need to go up alongside your income.

5% Health Insurance
Health insurance can easily be 5% of your income…or, about $200-$500 per month for a single person depending on your age, location, and health insurance provider. It’s hard to put a “maximum amount” to spend here because you shouldn’t be cheap with your health…but, we’ll just round this off to 5% to be on the safe side.

3% Utilities – $500 or LESS
Generally, for most, you’re looking at around $50 – $250 per month – again, depending on your location and how hot or cold you like to keep your house. Or if you do laundry during off peak electrical hours.

10% FUN / ENTERTAINMENT OR WHATEVER
I think it’s ABSOLUTELY reasonable that 10% of your income can be spent, without thinking about it, on whatever fun purchases you want to make, as long as this is budgeted for. It IS important that you have some money left over just to splurge, and spending 10% is just enough to “get it out of your system” without getting carried away.

42% SAVINGS
The first thing I would do is save up a 6 month safety fund, in cash, held within a high interest savings account.

But once you’ve done that, your remaining savings should go towards maxing your your 401K up to your employer contribution limit.

After that, the next $6000 you invest should go towards maxing out your Roth IRA.

From there, any money you have left over should go towards a TAXABLE INVESTMENT account or some other type of investment that will grow over time.

At a 42% savings rate…you’d EASILY be able to retire in just about 20 years from the 4% rule like I mentioned earlier…meaning, if you start doing this NOW at 20 years old…by the time you’re 40…you will be nearly ready to retire, if you want to.

For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com

*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

Max Maxwell | The Deed Said What?!? | Wholesaling Real Estate

Date: 2020-08-14 21:50:30

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Upon my return from Mexico, Tammy finds an interesting clause in a deed to a property I’m looking to buy with wording from 1938 limiting the sale of the property to caucasians only! You have to see it to believe it. Mind you this was before 1968 and the civil rights era but still hard to believe clauses like this existed, limiting African Americans from obtaining property.
Then I get into it with my brother about the difference between working to keep your job and working until the final product is complete.
Finally we visit a commercial property and find out why the seller is interested in moving it…

As always leave a comment below and let me know what else you would like to see from this channel in the future…and let me know what you think of the new format!

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Why I’m Finally Spending Money

Date: 2020-08-24 01:22:08

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Here’s a breakdown of EXACTLY how much I spend every month, my philosophies on saving money, and how my spending has changed in 2020 – Enjoy! Add me on Instagram: GPStephan

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BREAKDOWN:
Car Insurance: $125 per month
Gym Membership: $0 Per Month (Temporarily)
Health Insurance: $230 Per Month
Phone Bill: $70 Per Month
Internet: $75 Per Month
Utilities: $260 Per Month
Gardener: $150 Per Month
Food / Dining Out: $400 Per Month
Other: $200 Per Month
Housing: $7700 per month (Not including rents, equity, tax write offs, etc)
Tesla Model 3 Car Payment: $630 (Not including equity, tax write offs, etc)

Business Expenses:
Teachable: $99 per month
Insurance: $150 per month
S Corp / LLC Filing Gees: $150 per month
Tax Filing Fees: $200 per month
Zoom, Storage, etc: $100 per month
Credit Card Annual Fees: $130 Per Month
Full Time Help / Jack: $7500 Per Month

So, when it comes to everything…these are two big main takeaways that I have learned throughout all of my experiences saving and investing, it just comes down to this:

First, I only view my income as not how much I make, but instead – how much that money makes ME.

For example, if I earn $10,000…I don’t see that as $10,000…instead, I’d see that as $50 per month in passive income when I invest that money into buying a rental property at a 6% return. By that logic, if I’m able to invest $50,000…that’ll cover the basic grocery bill for pretty much the rest of my life. If I can get $350,000 invested in a rental property…that’s enough passive income to cover a 1 bedroom apartment in Los Angeles in a good area. And at $1 million invested…that’ll replace the average annual salary from most full time employees. I challenge you to start thinking the same way, as well…this will make the aspects of saving and investing so much easier, and over time – you can replace all of your expenses by having your money do all the work for you.

Second, beyond the essentials…I only try to buy things that I can put to work that will make more money, or can be seen as an investment.

For example, I consider the computer that I’m editing on right now to be a good use of money, that helps expedite the work I do. Or, buying an extra camera to film on so I could get a second angle for The Graham Stephan Show…or, paying extra to create a brick veneer for the background of my videos so they’re more visually appealing…or, even something like this house that I bought, I find it much more relaxing to work outside and come up with new content – and when I feel more at ease, I tend to produce better quality. If you can find a way to coordinate your expenses around things that will help INCREASE your productivity or income, it can be absolutely worth it.

For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com

*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

Second Time’s the Charm: ‘A Renovation of a Renovation’ in a Brooklyn Duplex


If you’ve ever gone house hunting, you’re probably familiar with that feeling of ambivalence when confronted with a middling renovation by a developer. On the one hand, everything’s shiny and new and there’s no danger of finding a creepy doll in the attic; on the other hand, why does that bathroom door hit the sink when you open it?

Rather than live with the architectural flaws of their developer-renovated duplex, one Brooklyn couple decided a redo of the redo was a must. The pair hired vonDALWIG Architecture to tweak the improvements, to bring more light into their home, and to create better flow.

“We took the approach of rethinking the quality of space and found some simple moves to bring more value and spatial quality to the home,” says Kit von Dalwig, who founded the architecture and interior design firm with her husband Phillip. “We reorganized the garden level, moving the master bedroom to the rear and creating a cool hallway, behind a set of bathrooms, that connects the two bedrooms but is also a buffer space, too.” They also enlarged some windows and installed new pale wood flooring, both of which helped remedy the lack of light.

Ready to see what else the von Dalwigs did to turn a so-so space into something spectacular?

Photography by Alan Tansey, courtesy of vonDALWIG Architecture.

The walls had been painted blue; a fresh coat of Farrow & Ball&#8
Above: The walls had been painted blue; a fresh coat of Farrow & Ball’s Strong White helps brighten the room, as does new flooring, courtesy of 7-inch-wide engineered planks in a sun-bleached finish from Madera. One thing the developer did right: preserving the original dentil moldings, marble fireplaces, and plaster ceiling rose. Hanging from the medallion is the Arca Single-Tier Chandelier by Matter Made.
The clients own a lot of artwork as the wife is a curator. Between Mies van der Rohe&#8
Above: The clients own a lot of artwork as the wife is a curator. Between Mies van der Rohe’s Barcelona Couch and the black leather chair from DWR is a coffee-table-cum-art by New York–based artist Jessi Reaves. The painting over the fireplace is by Math Bass; the painting to the left is by Beauford Delaney.



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The Upcoming Stock Market Collapse | Round 2

Date: 2020-09-09 18:08:29

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When it comes to investing in 2020…here’s everything you need to know, WHY the stock market seemed to sell off out of nowhere, how this is SPECULATED to be the doings of a company called SoftBank, and then we’ll talk about Tesla. Enjoy! Add me on Instagram: GPStephan

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First, we need to talk about SoftBank – because this could, in theory, explain SOME of the recent run up in the stock market – and then, the subsequent, quick decline.

For anyone who’s not aware, Softbank is an investment conglomerate and holding company worth somewhere around $113 BILLION DOLLARS…and lately, they seem to be the center of a lot of controversy. An article just published by CNN explains how SoftBank could be the NASDAQ “whale” that has the power to manipulate the entire market – and here’s how that works.

SoftBank invested $4 BILLION DOLLARS into certain tech companies through what’s known as a call option – this means SoftBank pays a “Small Fee” for the RIGHT to buy a certain stock, at a certain price, by a certain date. When SoftBank invests $4 BILLION DOLLARS into the market place buying up specific stocks all at once…they have the power to POTENTIALLY MOVE THE ENTIRE MARKET alongside with it, because SOMEONE ELSE needs to buy those 100 stocks to make the transaction. That now gives the theory that – possibly – traders like this have the power to influence and move the market, either up like we’ve seen recently – or down, when they begin to sell.

As far as what you can do about it – HONESTLY, I don’t see this as a big deal. Drops like this are NORMAL, they’re not causes to panic, and as long as you have a plan to hold your investment LONG TERM – just see these little dips as “flash sales,” buy more – and hold on long term. In the big picture, it doesn’t matter.

BUT, if you’re investing in risky stocks with no knowledge of what you’re investing in, and you’re only buying in because you don’t want to miss out on the hype money train…then yeah, you’re better off selling, and holding out until you have a better grasp of your investments, and this should NOT be a market to gamble money you can’t afford to lose. ONLY invest in stable funds or stocks you REALLY know the fundamentals of, long term – and that’s it, for 99% of you watching. Buy and hold, as they say…

Finally…lets talk BRIEFLY about Tesla NOT getting into the SP500, and now it’s subsequent 35% DROP in a matter of a few days.

Now, here’s the thing – in order to be eligible for SP500 inclusion, a company must hit a few key criteria points, one of which being that they’ve had 4 quarters of profitability – which, TECHNICALLY, Tesla just hit. HOWEVER…just because a stock meets all the criteria of getting into the SP500, doesn’t mean it’s automatically going to be added in.

There is a committee of 9 members that meet every month to decide on who gets added – and who gets removed – from the index, and how they vote which stocks get added or removed isn’t known and isn’t published ahead of time. It’s speculated that Tesla is just too volatile to be added to the index quite yet, and for a stock to swing + or – 35% in a few days, at a hundred billion dollar valuation, isn’t quite something best suited for positioning within an index.

In terms of where we stand today – I’m not too shocked that the markets have fallen so much over these last few days. The stock market has risen nearly every single day for almost 2 weeks straight…there’s no “REAL REASON” for that, and as illogical as the stock market is – just like we can’t question why it’s going up, we can’t reason why it’s going down – it just does what it wants, and it’s up to us to enjoy the ride, have fun watching it – but, at the end of the day, the ONLY thing we can do is consistently buy and hold – that’s it.

For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com

*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

Three Ways To Tackle Commercial Re-Occupancy In The New Normal


Tim Curran is the CEO of Building Engines, the modern building operations platform for commercial real estate.

After months of being closed or at extremely low capacity, office buildings are cautiously moving towards re-occupancy. However, getting people back into buildings is a complex matter, and it’s made even more so given the severity of Covid-19. Coupled with the fluidity of reopening timelines and safety guidelines across states, re-occupancy is entering a new normal.

While there is certainly no one-size-fits-all approach to re-occupancy plans, there are three critical considerations office building owners and operators need to take into account. Especially if they want their properties to not only survive this vulnerable phase but thrive in its aftermath and the new normal of the workplace.

Reimagine office spaces’ potential.

The pandemic has proven that some remote work is possible, but there is still no denying that office spaces facilitate a number of activities integral to business and personal success. As evidenced by how quickly professionals have flocked to videoconferencing while remote, colleagues depend on face-to-face communications to be productive. Offices are natural arenas for that.

That being said, how office spaces are occupied will naturally change following the pandemic. Building owners and operators who want to retain business prospects will need to operate with a heightened level of flexibility. For example, employers have now had ample time to reevaluate how their spaces can be used more efficiently; do they want more square footage to accommodate a socially distanced workforce, or do they want less space, permanently keeping part of their staff remote?

Cushman & Wakefield’s report on the future of the workplace smartly outlines how cutting-edge office building operators can help tenants reimagine what is possible for their new needs, such as rethinking space requirements, reconfiguring spaces and realigning on safety standards. To facilitate these moves from a distance, savvy management and leasing teams can employ technology including videoconferencing and 3D visualization to help existing and prospective occupants better conceptualize the spaces they are considering. This enables owners to sooner process or renegotiate leases and help prevent slowdowns that affect business.

Prioritize safety and sanitation.

Concerns around the spread of Covid-19 are omnipresent these days, meaning that sanitation needs to be top of mind for every operator as they navigate re-occupancy. This dedication extends beyond increased cleaning — management teams need to execute ongoing, direct communication with tenants and maintenance teams to ensure everyone understands the advancement and handling of the situation. Given the patchwork of reopening protocols spread across the country, existing and prospective occupants want a clear idea of how their individual building is planning to approach re-occupancy to confirm they’re doing it safely.

To instill confidence in occupants, management teams can draft comprehensive digital guides detailing their unique action plans. In digital or written form, these guides can articulate all practices from how they’ll sanitize in the occurrence of an outbreak, to any processes occupants will have to complete when they enter the building each day. Having this information in writing will also work to eliminate unnecessary back-and-forth communications, in which detailed protocols can quickly become misunderstood or contradictory. However, even with a comprehensive guide available, operators do still need to establish and make known the most effective way for occupants to contact them, whether that be by phone, text, email or a building’s management portal.

Be strategic about downtime.

Despite management teams’ best efforts to ready their spaces for re-occupancy, it may be a while before the public again realizes the full potential of office buildings. That’s no reason for operations functions to stall in the meantime. While cutting back on utility and janitorial expenses to save money sounds like an attractive solution for properties still experiencing lower-than-normal occupancy, trimming too severely can present challenges down the road. When regular maintenance activities are ignored for long stretches of time, systems can break down and grime can build up, so that even more time and resources are eventually needed to get facilities back in working order.

To coordinate these maintenance activities, teams can use a hub through which all information — schedules, project status, tasks and instructions for completion — is exchanged. This may look like one of the many accessible project management apps available or a more sophisticated platform built with building maintenance in mind. With safety and security measures ramped up, operators need to ensure all employees have clarity around what’s expected of them so that they can correctly execute those responsibilities. Therefore, a centralized platform that’s updated in real-time can be helpful for aligning all parties. Further, since crew sizes may need to be decreased during this period, having this level of clarity and directness maximizes everyone’s time and resources.

Putting re-occupancy plans into action.

Re-occupancy is a nuanced and sometimes daunting process. When executed thoughtfully, it presents property owners and operators the opportunity to set up their buildings for lasting success. In the midst of coronavirus, the modern office building needs to deliver on a new set of criteria, focusing dually on near-term re-occupancy needs and the long-term changes that will result from the pandemic. As spaces move to be more flexible, responsive and secure, there’s more opportunity for leveraging technology to manage and even drive those changes. Especially within an industry that has historically been slow to adopt such innovations. A new era of office buildings is upon us. Are your properties ready?


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The 7 BEST Side Hustles To Start ASAP

Date: 2020-08-31 00:47:13

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Here are the 7 income streams of millionaires, how to make passive income, and how to build your wealth – according to a study from the IRS. Enjoy! Add me on Instagram: GPStephan

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The first: EARNED INCOME from a paycheck.
This is where almost EVERYONE starts off, and it’s the equivalent of you working a “normal” 9-5 job, or being paid a salary, or working a commission as your main source of income. This type income is generally going to be your priority until…everything else starts making more money…

The SECOND source of income: DIVIDEND INCOME
This is probably the EASIEST “Second Income” source for nearly ANYONE watching to start literally RIGHT NOW. Here’s how that works: when you buy a stock, what you’re REALLY buying into a small ownership share of that company. Now that you own a small piece of the company by investing in their stock – some of those companies will pay you out a “dividend,” which is a fancy word for saying: they’re going to pay you a portion of their profits, because you own a small piece of their company by buying their stock.

The Third: CAPITAL GAINS.
This is what happens when you sell an investment for a profit – and when that happens, you’re taxed on “CAPITAL GAINS,” which is the difference in price between what you bought it for, and how much it was worth at the time you sold. This is ALSO another way you can make money by investing in stocks – because, unlike our second source of income – not ALL stocks pay dividends. Instead, many stocks are known as what’s called “Growth Stocks,” in the sense that what they DON’T pay as a dividend generally gets re-invested back into the company, thereby causing the stock price to go UP.

The Fourth: INTEREST INCOME.
This happens when you keep money in a high yield savings account, or basically ANY bank account that pays you even a remotely small amount of interest – chances are, at the end of the year, they issue you a 1099-INTEREST form with the amount of interest that you earn, so you can report that to the IRS.

The Fifth: RENTAL INCOME
For most people who want to invest and build wealth, real estate winds up having so many tax advantages that make it REALLY unique – and profitable – for anyone willing to put in the time, and within just ONE property, you could have MULTIPLE income sources. You also have the power to LEVERAGE your money here, where you borrow MOST of the money from the bank. You can also DEPRECIATE the value of the property against your rental income, thereby reducing your taxes.

The Sixth: PROFITS FROM A BUSINESS
Working on ANY type of side business, that has the potential to grow completely independent from your main job, is not only a good way to make more money – but also, diversify yourself iN CASE something happens to your job and you have nothing to fall back on.

The Seventh: Royalty Income
With this, you get paid a licensing fee for selling the rights to a product, service, song, or something that you’ve created. You can absolutely work to create something ONCE, that you can then continually re-sell in the future as long as people will buy it. I know it’s WAY easier said than done, but things like online programs, e-books, YouTube videos, or blogs can often be setup ONCE – and then – over time, you’ll continue to make money for as long as it exists.

For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com

*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

Max Maxwell LIVE | BECOME OBSESSED! | Wholesaling Real Estate

Date: 2020-07-13 15:28:27

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In this business, you can ask ALL THE QUESTIONS you want, but sometimes no one can really give you the right answer. You need to take time and get OBSESSED with your processes and your local laws and regulations to become successful in this business.

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