Real Estate Feasibility Study (Income Side)- $1.2 Billion Developer Tells You How To Do One

Written by Colm Dillon

Continued from page 1

Can you see that any delay in these items will impact onrepparttar settlement date and also on your interest calculation in your feasibility study?

Body Corporate / Management Plan

It is hard to keep up with allrepparttar 146802 different names that are used aroundrepparttar 146803 world forrepparttar 146804 Legal Entity that runsrepparttar 146805 complex of units you have developed, however your legal advisor will let you know.

Just as out Towns, Cities and States need Rules & Regulations for all its citizens to live in harmony, so too does a small complex of units, condos, apartment etc.

What ever it is called in your part ofrepparttar 146806 world, is necessary for you to engage a legal advisor to prepare one for you, which will includerepparttar 146807 preparation of a Budget to which you, asrepparttar 146808 developer, will have to pay in a certain amount of money.

The reason I am giving this brief explanation on Body Corporate / Management Plans is because at Settlement you will get back some ofrepparttar 146809 money you put in to getrepparttar 146810 Budget offrepparttar 146811 ground.

In addition you will have paidrepparttar 146812 Local Council, Utility etc other amounts of money that cover a set period of time. Once again you will get some of this money back at Settlement. They are generally referred to as “Adjustments at Settlement” and act as a reduction onrepparttar 146813 cost side of your feasibility study.

So What’s Next?

Remember I told you earlier aboutrepparttar 146814 Unit Plan that was lodged withrepparttar 146815 Titles Office, well has it issued yet? Phew – we just got it today – great!

Now your conveyance expert has to letrepparttar 146816 Buyers’ representative know in writing that you are ready to settle.

In additionrepparttar 146817 buyers have to let their individual Finance Lenders know to haverepparttar 146818 Mortgage Documents completed on time and finally a date has to be agreed on which all these differing parties can meet and settle.

Now I don’t want you to be concerned about all this stuff, but I do want you to know about it, so that you can understand and manage (yourself) and others who have to do all this work for you. Blowing your Top (blood pressure up) achieves nothing.

But understanding, on your part, achieves a great deal. Blowing your top, when you haven’t takenrepparttar 146819 trouble to find out, makes you look foolish and unprofessional, torepparttar 146820 professionals you have engaged to dorepparttar 146821 work for you.

So Do I Get The Money Now Or Is There More Colm?

Well,repparttar 146822 Lender Getsrepparttar 146823 money actually – yep,repparttar 146824 lender gets his Capital Debt and Interest paid off first. And when there is no debt, allrepparttar 146825 rest is yours. That is, your equity is returned to your account and that lovely Profit, you worked so hard to get.

Author & $1.2 Billion Developer, Colm Dillon, Has Written The Best Selling 'How-To' E-book, "Residential Development Made Easy," With Readers In All States Of The USA, Canada, Australia, New Zealand, UK, Ireland and 79 Other Countries. His Independent Web Site is:

Are YOUR customers YOUR business?

Written by Val Burnett

Continued from page 1

This is valuable information for a company and it shows that our customers are being helped and very QUICKLY!

A happy customer is a lasting customer.

There are quite a few ticket systems out there, you can do a search on a search engine and find a few, ask around and find out what your associates are using. The key is to find one and put it to use.

FORUMS - Customer Support

Another tool that is used for customer support are forums. Forums have a way to bring your customers together in one place where they can report or comment on issues, programs etc. All answers and questions are open torepparttar public to see and this may help another customer with their issue. By displaying comments, suggestions, etc in a forum, your customers have a tool they can search through and most likely findrepparttar 146769 answer to their issue. By having a forum and letting your members access to it, this could slow downrepparttar 146770 actual customer support your company deals with on a day to day basis.

There is a wide variety of forums that are available with unique and standard features. Search around, if you know of a company that uses a forum for customer support, find out where to purchase it from, howrepparttar 146771 company likes it, pros & cons. We have seen quite a few companies with a forum that is provided by Gossamer-Threads - it is loaded with features and pretty easy to setup.

Other companies that provide forum software:


Live chat support is another affordable and efficient tool for providing customer support and is integrated into your website pages through either java or pre-written HTML code provided to you. Usually how this works is a box or image is then displayed on your website that says Live Support, or something to that affect, when clicked, it will take your customer to your live chat support. Your potential customer can ask you questions right then and there. This may be very helpful in securing a potential sale, or from losing a customer.

Here are a few different companies that provide chat support software:

There are a lot of choices for software and tools that will help you deal with customer support issues. The only bad choice that can be made is NOT to choose one and use it.

Ignore your customers, provide dishonest answers and take multiple days to answer; You may as well fold up shop now. Your customers will not be there tomorrow.

Your Customers IS your business andrepparttar 146772 sooner you realize that,repparttar 146773 better off your customers and your company will be.

Makerepparttar 146774 choice and prosper!

Be sure to check out Val's ebook Working From Home: Achieve Extreme Success Guide

Val Burnett is Owner of many responsive marketing programs found at Plus publisher of MBP BizMajic News 38,000 Subscribers

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