Real Estate News - Real Estate Learning Center

Real Estate Marketing | Drone Footage | Casandra Properties

Real Estate Marketing is incredibly important in today's digital age. Marketing in general is rapid changing so here at Casandra Properties we are staying ahead of the curve by continuing to push the bar and add new methods of showcasing properties. In this video, Casandra Properties CEO and real estate expert, James Prendamano, explains how effective Drone Footage is in order to grab someone's attention by changing their perspective.

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How to Invest in Real Estate

There’s no one way to invest in real estate. There are several reasons why anyone who can, should consider investing in real estate. Unlike stocks, and other investment types, the real estate market is less volatile. The market makes regular and predictable rises that can be leveraged to maximize an investor’s return. In general, the housing market always appreciates. Historic patterns in the real estate industry have shown that it is likely that the longer you hold onto a piece of property, the larger your return will be. Uniquely, real estate is also a tangible asset. For example, one can use a multifamily home as an investment method, but since it is a tangible item that is being invested in, it could also be multipurpose as a home for the investor.…

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What Is An Absolute Net Lease?

Lease Agreements 

In commercial real estate, there are several types of lease agreements that landlords can make with tenants. When looking for commercial real estate, it is imperative that tenants understand the terms and structure of the lease agreement. In a net lease, the basic structure usually consists of a base rent amount plus additional costs for typical operational expenses. Typical operational expenses can include property insurance, real estate taxes, maintenance costs, and other expenses. Net leases primarily differ from gross lease in how the rent amount is determined every month. Net lease rent amounts are comprised of multiple costs and expenses that can vary month to month or annually while gross lease agreements call for a…

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What is a Triple Net Lease?

Owners of commercial real estate often lease their spaces through one of the various types of net leases. In a net lease, landlords usually charge tenants a lower base, plus additional costs for typical operational expenses of the space. These additional costs can include real estate taxes, insurance, maintenance, janitorial services, management, landscaping, and many other costs. The primary difference between a net lease and a gross lease is that the rent in a net lease can vary based on the associated costs of operating the building, while in a gross lease, the tenant pays a fixed amount every month.  

Triple Net Lease (NNN)

The most common type of net lease is the NNN Lease (Triple Net Lease). In a triple net lease, the tenant is…

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What Is A Gross Lease?

In commercial real estate, when a company is leasing space for the operation of their business, there is no one way to pay for that lease. In fact, there are several types of leases in commercial real estate that a tenant and landlord can negotiate. Depending on the type of business, there are some leases that may be better suited. 

What Is The Definition of a Gross Lease?

One type of lease is a gross lease. This is one of the simplest commercial leases because the tenant makes fixed lump-sum payments that are all-inclusive. The gross lease definition is when the landlord is responsible for all expenses associated with the space including property taxes, insurance, and maintenance, while the tenant has a fixed rental payment. Typically, a…

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What does RFR mean?

RFR stands for the right of first refusal.

This is a contractual right (not obligation) that gives the holder of this right priority over anyone else to enter into a transaction with a person or business. The parties involved usually include the seller, the holder of the right, and third party interested buyer. If the holder of this right declines the opportunity to enter into an agreement, then the other party may re-open bidding to other interested parties. RFR’s aren’t just present in real estate sales agreements but can also be present in the sale of any asset, like personal property, a patent license, a screenplay, and an interest in a business. 

How Is This Used In Real Estate?

In real estate, the right of first refusal is a provision…

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Real Estate Abbreviations

Like any other industry, the real estate industry has its own lingo. When jumping into the real estate market, whether as a new agent/broker, buyer, seller, or developer, it is important get a good grasp on this language to maximize your understanding of real estate and your communication with others within the industry. Here are some commonly used abbreviations used in real estate listings:

A/C: Air Conditioner

AGP: Above Ground Pool

Ba: Bathroom

BDRM/BR: Bedroom

Bsmt/Bsmnt: Basement

CA: Central Air

CAC: Central Air Conditioning 

CC: Common Charges

C/H: Central Heating 

CMA: Comparative Market Analysis

DR: Dining Room

EIK: Eat-In-Kitchen

Hdwd:…

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The Difference Between Real Estate and Estate

These words are occasionally mistakenly used interchangeably. Even then they can be related in some cases, they have two completely different meanings. 

An estate is the total sum of one’s assets such as money, businesses, and real property (including their real estate), especially after their death. We hear this term used frequently after one has passed away. “X is the heir to Y’s estate.” It is easy to think that the term estate, especially in this context, specifically means their land or house. For many people, the word estate signifies a home, or more specifically a large plot of land and a lavish home. When, in reality, an estate is just the sum of one's assets, lavish or not. 

Another way to look at is that an estate includes…

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Good Faith Estimate

What Is A Good Faith Estimate?

A Good Faith Estimate is an important document used when purchasing a home. Obtained from the lender, this document gives homebuyers a detailed look at the finical obligation they are taking on by accepting the mortgage loan. It outlines all costs and payments that the buyer will be subject to post closing, including: loan fees, advance fees, reserves/escrow charges, title charges, government charges, and all other charges associated with the mortgage loan. The Good Faith Estimate is a valuable tool in the home buying process: it makes it easier to compare and contrast lenders when shopping around for a mortgage. Homebuyers should leverage this tool by requesting a GFE from at least a few different lenders in an effort to…

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Top 5 Worst Renovations

Converting garage to living space

Believe it or not, converting your garage space into more livable square footage or an in-law suite is actually one of the worst renovations with a poor return on investment when it comes to resale. Instead, keep the garage and purchase new garage doors. This is a way to improve buyers first impression of your home and often offers a return of over 80%

Sunroom Addition

A sunroom is also considered to be one of the worst home renovations when it comes to return on investment. It can be difficult to get a return that’s above 45%. Like many of these renovations, a sunroom can become quite pricey depending on the extravagance, making it difficult to realize a good return. 

Specialized spaces

Try and…

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