Buying a Condo as an Investment Property – Advantages and Disadvantages

If you’re like most people, you want your financial future to be better than your present, or at least not worse. So, you set money aside and think of ways to make it grow. The options seem endless, but you’ve selected real estate as your investment arena, and you’re considering condos.

Condos have several advantages over single family houses or 2-4 unit buildings. And several disadvantages. In my conversations with people who’ve invested in condos, few were aware of all of them. So here they are. (The people I mentioned were interested in condos for sale in Chicago and the surrounding area but I’m betting their typical of new investors everywhere.

The advantages and disadvantages I’m going to talk about apply whether you’re looking at Chicago condos for sale, New York condos for sale, or Sioux Falls condos for sale, assuming you’re looking to buy them as investment vehicles.

Advantages of buying a condo as an investment property


Maintenance needs to be done on all properties. Condos, especially condos that are professionally managed, offer some relief to condo investors.

You don’t have to worry about roof, stairs, landscaping and such. The association takes care of them. For a price, it’s true, but you don’t have to do them.

Some of the problems inside the unit can also be taken care of by the complex maintenance crew. That varies from condo association to condo association. And they charge you for it, but you don’t have to drop everything else and run to your condo because the sink’s leaking.


Some condos are very expensive. However, houses of similar size in the same neighborhood cost more. So, you can buy an investment property in a better neighborhood. Also, in most areas, there’s no such thing as a 1-bedroom house, but there are 1-bedroom, or even no bedroom, condo units. And, usually, there are people willing to rent them.


Amenities vary from condo association to condo association. But it’s possible to invest in a condo located in a complex that has swimming pool, 24-hour security, and such things.

The disadvantages of buying a condo as an investment


You have to follow rules that are not yours. Each association has its own rules. And the rules can change. One of the rules that can change is whether tenants are permitted or not. If you own a condo and the association votes no more tenants, when your lease is up, you either move in or sell. Your association might decide to go with the ‘no more tenants’ rule at a time when selling is not a great option.

Or, worse, they decide to allow too many rentals. Too many tenants can make getting a mortgage difficult (FHA and others do not like condo associations where more than 10% of the units are rented.) which makes reselling your investment difficult, not to mention refinancing it.

Shared decision making

Yes, you could make sure you have something to say about decisions and get yourself elected on the board of directors; still, you are not the only decision maker.

Association fees

You have to pay the same amount whether your unit is rented or vacant. In other words, you get to pay the same amount whether you use or not the services (for instance, the water bill portion of your assessment).

Special assessments

When you bought your condo unit, there were no special assessments and none were being considered. Six months later, the association decides it’s time for a new face and there’s not enough money in the reserves. They decide to go ahead with the face lift and pay it with special assessments. Your share is going to be twice your profits for the next 20 months. Can happen.

Yes, things can go wrong with a single family investment or an apartment building investment. But there you have more control. Because there you can have a home inspector inspect the whole structure. Because there there’s no board of director’s member whose boyfriend owns a construction company that could use a few thousand dollars.

So, overall, buying a condo as an investment is not the way to go. That is, if you can afford a single family house. A single family house is not the best way to go if you can afford a 2-unit building. A 2-unit building is not the best way to go if you can afford a 3-unit building and so on. Because of 2 reasons: when a condo is vacant (or a single family house) the whole income source is gone but the expenses are still there.

In any case, if you’re buying a condo as an investment property, you should know what you’re getting into.

The Best Materials For Your Summer Clothes

During summers, you want to make sure that you will get summer clothes that follow the fashion standards. You want to wear clothes that satisfy your taste and at the same time will make you look good.

There are many types of clothes that can satisfy your taste however during hot summers you want to wear clothes that will keep you cool at the same time. One of the things that you need to consider in buying summer clothes is the type of material used in the garment and the ability of it to make you look gorgeous.

When summers come, you want to enjoy the heat of the sun. However, spending time under the heat of the sun may result in sunburn because of the overexposure. However it will be inappropriate for you to wear clothes that cover you from head to toe. You dont have to worry though, there are summer clothes that can protect you from the sun and at the same time will make you look presentable.

The summer time in virtually every corner of the world is a time when you want to put on clothing that lets you stay fashionable but keep cool at the same time. Some of the hottest summer clothes that make a fashion statement take into consideration the type of material, the manner in which the design is constructed and the ability of kikoy to keep you looking good and staying cool at the same time.

Cotton Knit is considered to be one of the best materials used in summer clothes. It is an absorbent material that lets air to enter keeping you cool. Furthermore the fabric is stretchable and lightweight that will let you move freely when participating in summer sports. Cotton knit is available in every colour and styles that you prefer.

Another great material for summer clothing is mesh fabrics. The design of the mesh fabrics is great for showing a little bit of your skin and at the same time protecting it. A large number of great outfits are made of mesh fabrics. An example of these is cover-ups that let your suit dry underneath and also protect your skin from the heat of the sun.

If you want to shop for clothes that are appropriate for your summer fashion then you may try clothes that use mesh fabric and cotton knit as its material. It will keep you cool and make you look presentable.

Proper Stockpile Management In Construction Works

A typical component of waste management is the storing or stockpiling of waste materials for recycling or reuse. The Environment Protection Authority (EPA) requires that this action is carried out in the correct manner to ensure the probability of damage to human health and the environment is eliminated or reduced. Storage or stockpiling will have to be taken on exclusively in appropriate circumstances for genuine and favorable purposes.

Stockpile sites are used to enable the short term storage of material or tools for construction or maintenance projects. The kinds of components which may be put away are:

Select substance and fill – like sand and rock
Topsoil, wood chips, mulch and waste vegetation
Virgin Excavated Natural Material (VENM) and spoil
Recycled asphalt pavement (RAP) – rotomilled material
Concrete or asphalt block material taken from pavements
Aggregate and Pre-coated aggregate
Cold mix asphalt
Road base
Parked machinery and vehicles
Construction materials such as Jersey Kerb and traffic signs
General materials such as timber, steel etc.

Stockpile sites are generally not to be used for the storing of any waste which contains coal tar or any sort of waste which is classified as unhealthy, restricted solid, special or liquid waste as classified in the Protection of the Environment Operations Act 1997

Stockpile sound management routines

Just before decision is taken to start a impermanent stockpile on site a risk assessment must be undertaken with the goal of protecting against or reducing the chance of destructive blows on human health and/or the environment. In every case, the site and substance specific conditions must be thought about when deciding on the actual demands pertaining to bunding, on-site structure and community assessment.

With regards to the locality, probable off-site challenges and amount of community interest associated with an action, the proper measure of community consulting may need to be set up both at the preparing and operational periods of stockpiling activities. In such cases, stakeholders including adjacent neighborhoods and nearby citizens ought to be notified on factors including duration, possible threats and impacts and the associated minimization measures. Suitable contact info of business or project managers should also be provided to the community for open correspondence to enable inquiries or complaints to be attended to.

On-site risks would be determined by factors including the:

waste type and chemical and physical qualities of the materials being stockpiled
locale and climate of the site
hydrological and hydrogeological conditions which include closeness to surface and ground waters, water quality and secure environmental values
stretch of time materials are going to be stored
projected management method of the stockpiled materials

Further off-site risks have to be taken into account and rely on factors like:

closeness to and sensitivity of the enveloping atmosphere (including unpleasant effects to water, human health and amenity)
exposure due to height in metres AHD of the working floor level which the stockpile is situated upon and in accordance with the encompassing environment
enactment of proper pollution control standards
supervision of traffic within the site

The following environmental protection actions should be used to ascertain and maintain stockpiles on construction sites:

The border of the stockpile need to be delineated with a bund (made out of earth/RAP etc) or other type of fencing or barrier.
Materials must be stockpiled at the least 5 metres away from foliage or native vegetation, without having it pressed up around the foundation of trees.
Stockpiled materials should not be in excess of 2m tall and should have a maximum 2:1 slope.
Erosion and sedimentation regulators needs to be constructed in between the site and any drainage lines or down-slope areas.
A diversion bund need to be placed on the uphill section of the site to redirect water round the site.
Cover stockpiles with plastic or store them damped down if airborne debris may be a problem.
Stockpiles sites have to be just right to hold all needed components without burying protective precautions just like silt fences. If you have excessive material you may need to widen your site protection actions.
Stockpile sites have to be examined repeatedly to make sure that the site sign (which plainly labels and locates the site), border bunding, sedimentation and erosion controls and boundary delineation are all in order.

At the end of the construction project all non permanent stockpile sites ought to be removed from site and the site restored as essential for contract specs.

Facebook business strategy; How to get MASSIVE leads and sales

Facebook Strategy; Lead and Sales Generation OK so heres an important re-cap on the basics; 1. We need fans to take action 2. Commenting/ sharing/ ‘liking’ will increase the exposure of promotions and offers made, but more importantly it advertises your Facebook site from fans to fans 3. Facebook friendly calls-to-action, 3X more likely asked to comment,7x more likely to share 4. FB monitors engagement score and will promote more if more actions 5. If you have under 1000 fans then it may be necessary to invest in Facebook ads as research shows; 185% increase in traffic after crossing 1000 fans (social justification)

Now we know from fundamental sales principles that people buy from those who we like or aspire to be like. For business Facebook marketing, this means we endeavour to create what are termed ‘super fans.’These fans will endorse your products to others through word of mouth and Facebook media, but how do we get them to this enthusiastic state ?….

2 Major Types of List building;Indirect and DirectIndirect; Become human, this means you need to be visible, interactive and show some personality. This could mean displaying pictures of what is happening in the business, we encourage videos of office systems, challenges (maybe a huge amount of work to do), or just some good hearted character on display. We often say to clients; dont underestimate the power of theEngagement score, which Facebook analytics keeps and will promote your posts more often when this is high. So; Images, eg Pets, teamwork etc that fans can identify with Behind the scenes look Generally showing up and being active in social visibility (usually daily) AND importantly a call to action on these posts, which can also lead to an opt-in for list email which as we know means opportunities for sales Direct; This is where contests, webinars, videos, ebooks and other giveaways entice the fans to add their details to the lists, we indicate that best practice is a balance between direct and indirect, keeping in mind that fans should beentertained, educated or empowered ! eg. Click like if you believe this! The following post could be improved by asking fans what their preferences are or what the best point is in the e-book

An example we often use is a sign-up for premium members area. This will use a call to action, ‘SIGN UP NOW for instant premium members perks,availabletoday only.’Then we offer great content;Podcasts, Cheat sheets, Guides, Free chapters, MEGA 3 part video series! Discount downloads etc [Just set a standard of over delivering ! This will mean guaranteed success] Make sure you use; Custom and Normal Applications to utilise (try shortstack.combelow) Promotions Facebook Ads Offers (once you have enough fans) TIPS AND TRICKS; PODCASTs/ WEBINARs ; We find these convert very well as opt-ins, and have been consistently the preferred method of content delivery. TRY; Including the date and title in your cover page, but no calls to action (then click to listen through an App) TRY; Adding descriptions to photos; drives out into newsfeed, e.g. -For more tips and tricks signup here- Always include hotlink!

Once through the App, this allows for traffic directed to website/ newsletter/ subscriptions etc

Dynamics Gp In Retail Chain Pos, Barcoding, Logistics

Microsoft Dynamics GP is also referred as Great Plains Dynamics by GP user community. In Retail business you typically have such challenging requirements to your future Corporate ERP system, as POS (Point of Sale terminals, usually cash register with barcode scanner, coupon printer, credit/debit card, check and cash processors, POS screen for the customer to see the progress of scanning, etc.), merchandise barcode scanners in such automations as Sales Order Fulfillment, Inventory Replenishment, Increase/Decrease adjustments, Cycle Counts (these functions are typically implemented in Warehouse Management System software). Sometimes you also do assembly on order, which might be realized in such simple manufacturing modules as Bill of Materials, or even on the Kits level in Sales Order Processing. Lets review the highlights on how Retail business could be automated in Microsoft Dynamics GP. This publication is intended primarily to IT director, it is not overloaded with programming and technical terminology:

1.Dynamics GP and Retail external products or add-ons. If you like to have only very limited POS functionality and open Great Plains Sales Order Transaction entry to barcode scanning, there are several Dynamics GP Add-ons to consider. One of them is Compass Technologies extension. However, if you plan to do more advanced level of Retailing, such as supporting multiple stores, reorder merchandise, having mobile stores (where you are following seasonal retail trends, and rolling out your Flowers, Landscaping or Farmer Market outlets on the parking lots of the supermarkets), you may consider to implement external Retail application to automate these processes. As Dynamics GP is part of the Microsoft offer, we recommend you to consider Microsoft RMS (Retail Management System) for the upscale POS and Retail solution

2.POS extension versus external RMS. Obviously this is a decision, which should be done internally, as it defines your future direction advantages and disadvantages. If you pick POS extensions for Dynamics GP route, you do not need data synchronization phase, as POS add-on works directly with Great Plains transactions and master records. External POS system gives you the advantage of rich Retail business logic, but there are drawbacks, such as the necessity to synchronize POS transactions with Dynamics GP Sales Order Processing or Receivable Management documents, as well as Retail system originated Purchases and Inventory Adjustments and Transfers with similar transactions in Great Plains

3.Dynamics GP and Barcoding. You may try barcode scanning integration directly in GP windows, but this is not very efficient (especially taking into consideration such powerful barcode scanner options as batch mode documents scanning, and then batch mode upload to your ERP application). Normally we recommend you to purchase either external RMS or POS extension to GP, where barcoding is integrated. And when you need Barcoding on the warehouse floor, we recommend you to consider WMS (Warehouse Management System) add-on for GP, where you have such features as Sales Order Allocation, Inventory Adjustments, Transfers and Physical Counts, Merchandise Restocking

4.POS and Barcoding hardware. When you are in process of the next Corporate ERP system selection for retail business, it is important to review your Barcoding, Cash Registers on the subject of being compatible with the prospective Retail software. Please, note that barcode scanners and printers are progressing. For example in Barcode scanner selection dilemma you have multiple luxury or rather budget oriented options: having graphical user interface, or support only few lines of text in scanning, power of the internal processor, memory size, wireless protocols, etc. Microsoft RMS and Dynamics GP Workstation should be compatible with modern Microsoft Windows computer (where for cash register you probably want to minimize the hardware and software cost and in order to achieve these goals you may prefer to pick something which is rather at the minimums)

5.Sitting in your Headquarters and watching the numbers. Here we are coming to the topic of designing financial reporting, such as Balance Sheet, P&L, Statement of Cash Flow, plus probably consolidated versions of these reports (when you would like to consolidate sales results for several stores or all the stores to compare them to the last month or last year results to give you an idea). Here you have the privilege to capitalize on the power of Microsoft Dynamics GP reporting options. If you implement current version 2010/11.0 you should implement financial reporting in Microsoft Management Reporter. For the customers on the older versions: 10.0, 9.0, 8.0, 7.5, 7.0, 6.0, 5.5, 5.0, 4.0 you have FRx Financial Reporting. Both tools in our opinion are equally powerful

6.Supply Chain Management or going beyond POS and Retail features (talking about Logistics and Distribution). SCM is the term, which is considered to be broader than Warehouse Management System. It may include such features as merchandise consignment, truck delivery route optimization. If you think that such classic concepts as POS/Retail application, Warehouse Management System doesnt do the job in your case, you should consider to discuss your concerns with Dynamics GP Consultant or Partner. Microsoft Dynamics GP is definitely capable to address custom business processes requirements, but there is the cost of doing it either programing in Great Plains Dexterity, or eConnect and even Microsoft Visual Studio SDK for GP

7.Opening your operations for Electronic Commerce. Here you would need to consider such technical features as ecommerce shopping cart (Magento, ASP.Net Storefront or similar) integration with your ERP sales module, in the case of Dynamics GP with Sales Order Processing transaction, likely Invoice or Sales Order with customer deposit (Credit card payment). We recommend Alba Spectrum ecommerce add-on for Dynamics GP

8.Dynamics GP and International business. Multicurrency is supported in all the modules of Great Plains. We recommend you to review Corporate ERP localization concept, where ERP application should be translated to the local language, plus (and in our opinion it is more important) it should comply to local country business legislation. Dynamics GP is localized for most of English speaking countries, and plus for Spanish speaking Latin America (except Brazil, where they speak Brazilian Portuguese). At this time Dynamics GP is not localized for such languages as Chinese, Korean, Japanese, Russian, however translated interfaces are available, please call us for details

9.We are ready to serve you USA and Canada nationwide. Local service is available in Western Michigan (St. Joseph, Kalamazoo, Grand Rapids, Holland, Saugatuck, New Buffalo, South Haven, Grand Haven, Ludington), in Southern California: Los Angeles, Orange County, San Diego, Houston Area of Texas, Chicagoland: Naperville, Chicago downtown and all the nearest suburbs

10.To request further support, please call us 1-866-528-0577, Retail industry is really complex and each customer might have know-how or business secrets to stay competitive. We need to discuss your cards in order to recommend you the best solutions, which is not contingent to our preferences