real estate Archives - Hub Ball Associates

Almost all professional residential or commercial property entrepreneurs use property managers. Why? Simply because they make you income.Residential or commercial property management isn't merely about collecting rental payments. It's about making sure your residential or commercial property is constantly rented out, ensuring you have the best possible tenants, and ensuring you're getting the biggest possible rental fee. It's about keeping the property well maintained, tracking charges and income, and dealing with the legalities of leases and the legal rights of occupants. For more information

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This is what residential or commercial property companies do. It's their core business. For a property owner, the rewards are considerable.
Save On Important Time

The most visible advantage is time saving. You don't have to spend an hour or so each week making phone calls, placing ads, interviewing prospective tenants, speaking to solicitors, speaking to your occupants, collecting rent, organising tradesmen and so on.

How much could you earn in that time if you were concentrating on your job rather than chasing your tail?

Understand Your Marketplace

Residential or commercial property investment is a business. To succeed in business, you need to know your market.Property managers make their living out of knowing the rental marketplace. They know how much your property is worth and who'll want it. They know the best ways to reach the market and they have the resources to do it. We at

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are experts.

A residential or commercial property manager with some real marketing nous can earn you thousands every year, just with an intelligent marketing campaign.

Know Your Legal rights

Rental law is regularly changing. It's crucial that you know your legal rights as well as the legal rights of your occupants. But a lot of people don't even know where to begin looking.Residential or commercial property managers work with tenancy law every day. They understand all the ins and outs, as well as the risks and loopholes. They're experienced in all facets of lease negotiation-- from bond to servicing agreements to removal.
Most importantly, they'll safeguard your legal rights as a landlord.

Acquire Good Renters

Most good tenants will only lease through property managers. The whole procedure is much more streamlined and hassle-free. Monthly payments can be made electronically, their questions can be addressed quickly, and everything can be done during business hours.

The reverse is true of bad occupants. They target privately managed rentals, because that's commonly all they can obtain.
Residential or commercial property managers chase down and verify every referral, and they get to know trouble tenants. They do everything possible to supply you with a hassle-free investment because they know the removal process is every landlord's worst dread. You can't just boot someone out without notice. The whole process can take many months.

But if you're unfortunate enough to end up with a bothersome renter, a property manager will manage the whole eviction process-- including all dealings with occupants, sheriffs, and court officials.Sure, you can manage all of these factors yourself, and you'll save yourself a small management fee ... But what's the cost? Do you really want to work for your financial investment or do you want it working for you? Get in touch with

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today.

2024 IRMAA Brackets: Amounts and How

May 22, 2024

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| Michael Champion

| 12:00 am

How the IRMAA Brackets adjust:

When Congress created Medicare IRMAA back in 2003 through the passing of the Medicare Modernization Act, they ruled that the IRMAA Brackets would adjust by

“The percentage (if any) by which the average of the Consumer Price Index for all urban consumers (United States city average) for the 12-month period ending with August of the preceding calendar year exceeds such average for the 12-month period.”

So, if the CPI-U at the end of August of the current year is greater than the previous August then the IRMAA Brackets will increase. Note the inflation rate does not determine IRMAA costs.

By the way there is no language that would stop the IRMAA Brackets from going down if the CPI-U would actually deflate from year to year.

In terms of the all the Thresholds within the IRMAA Brackets, due to the passing of the Bi-Partisan Budget Act of 2018 the 5^th Threshold in the IRMAA Brackets will not adjust for inflation until 2028.

What is IRMAA:

IRMAA is short for Medicare’s Income Related Monthly Adjustment Amount which is according to the Code of Federal Regulations:

“An amount that you will pay for your Medicare Part B and D coverage when your modified adjusted gross income is above the certain thresholds.”

IRMAA is a tax on your income through Medicare Part B and Part D coverage if you have too much income while in retirement.

Will you actually enter IRMAA:

According to the 2022 Medicare Board of Trustees Report, currently, there are over 6.8 million people in IRMAA. These people in IRMAA make up 16.63% of all eligible Medicare beneficiaries.

By 2031, according to recent reports the number of people in IRMAA will double to 13.8 million eligible people in IRMAA.

IRMAA is a revenue generator for both the Medicare and Social Security programs.

For the Medicare program, IRMAA is an added cost that the person in it must pay. This added cost provides more money each year for the program.

As for Social Security, according to Congress, all IRMAA costs are automatically deducted from any Social Security benefit a person is receiving. Thus, for those who enter IRMAA, Social Security has to pay out less to them which reduces that program’s obligation to pay benefits.

With both Medicare and Social Security projected by the government to be insolvent (unable to pay) in less than 8 years the easiest way to save these programs is to make sure more people are in IRMAA.

How do you reach an IRMAA bracket:

IRMAA is all about your Modified Adjusted Gross Income (MAGI).

The more of it you have the higher the chances that you have to reaching IRMAA while having less of an MAGI reduces the chance of you reaching IRMAA.

What counts towards your MAGI:

According to Social Security your MAGI is the total of your adjusted gross income (AGI) and any tax-exempt interest you may have.

Commercial Real Estate Leasing Guide

April 18, 2024

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| Mary Marshall

| 12:00 am

A commercial lease agreement allows a business to rent a commercial property from a landlord and is significantly different from residential leases. Having a guide to negotiating commercial leases and how to negotiate leasing office space is invaluable as there are many costly mistakes that can be made, as well as missed opportunities with lease agreement terms.

Read below and discover how to navigate a commercial lease and secure the right property for your business.

Define the Commercial Space You Want to Lease

Before looking for commercial real estate, you need to define the parameters of the building or space you want and need. Having a list of qualities such as budget, office space size, must-have amenities, accessibility, and security can help limit your search for commercial real estate to lease.

Accessibility, for example, is important to consider, whether customers will be coming to the property or not, as it's important that your employees can get there as well. Consider the foot traffic, what kind of neighboring businesses are around, parking space, and proximity to public transportation.

How is the Commercial Real Estate Zoned?

Commercial zoning is important to consider as different buildings fall within different uses. For example, a warehouse and office space are both considered commercial property but will be zoned for different types of businesses. The type of zoning dictates what type of business can make use of the commercial space and is typically local jurisdiction.

When choosing where to look for commercial spaces, check with your local chamber of commerce or zoning regulations based on ZIP code. This will help you narrow your search even further so you can focus on which commercial lease to look into.

Types of Commercial Leases

Once you've narrowed down what a commercial building must have, your budget, and where zoning permits you to do business, you can look at the commercial leases offered by the different properties. It's important to consider what type of commercial lease is appropriate for your business needs as well as the details of each lease. There are three primary types of commercial real estate leases:

Full-Service Lease

This is the most common type of commercial lease and usually with office space. Essentially, the landlord is responsible for the expenses of the property like taxes, insurance, maintenance, janitorial services, and utilities. There are no hidden costs and enables businesses to accurately budget for their monthly and annual lease payments.

Net Lease

A net lease agreement is typically cheaper in annual rent, but can also include monthly "usual costs," such as property insurance, taxes, and common area maintenance items. These leases can be single, double, or triple net:

Single: the tenant pays rent plus a pro-rata share of the building's property taxes
Double net: the tenant pays a portion of the property insurance on top of rent and property taxes
Triple net: the tenant pays the pro-rata share of property taxes, property insurance, and common area maintenance items. These are more common with restaurant and retail commercial spaces.

Modified Gross Lease

This type of lease is a mix of full-service and the net lease. For example, a commercial tenant might pay for their portion of the property taxes, insurance, and common area maintenance items, but in a lump sum along with the rent. The benefit here is that the rent is fixed without any hidden costs or sudden expenses. The utilities and janitorial services are covered by the landlord and if the taxes, insurance, or common area maintenance items increases the rent still stays the same.

Find a Broker to Facilitate the Commercial Lease

Commercial real estate leasing can be intricate and costly when mistakes are made or to get out of, if you're able to at all. It's important to have a commercial real estate agent or a tenant broker to help guide you through the process and go over the leases for the building or office space with you. Here at Goodale & Barbieri, we provide tenant representation to help our clients secure the right commercial space for their business. As one of the largest developers, property managers, and a leading real estate firm, we understand what to look for with tenants and the nuances of negotiating a lease, as well as the market. Since 1937 we've handled properties of all sorts and currently have over 4 million square feet of commercial property. Discover more about working with experienced experts by following the link below.

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What is facilities administration? Why Is It Important?

April 13, 2024

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| Melissa Peterson

| 12:00 am

Facility administration (FM) is a key function of an organization that makes sure the comfort, functionality, and safety of the company's properties to develop a conducive workplace for everybody. These people work in a range of settings, including business places, universities, property complexes, healthcare facilities and other places. Find Out More

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Depending on its size, an organization might utilize a single facility manager or a group of employees who handle various elements of their areas. For instance, a big business might have a facility supervisor who manages planners, inventory assistants or maintenance workers. We can help

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Functions of facility management

Facility administration has two distinct functions:

Hard facility administration: Tough facility management describes the physical buildings and crucial systems like lighting, electrical and fire security. Carrying out tough facility management typically indicates following laws and guidelines for structure requirements, heating and cooling services and fire prevention treatments.

Soft facility management: Soft facility management focuses on elements that make an area more comfortable or aesthetically enticing, like landscaping services and interior decoration. A company might choose which locations of soft facility management are important for an organization' offices and retail areas depending upon the facilities' purposes.

Our team of skilled facilities supervisors comprehend how properties work, with a large technical knowledge of both difficult and soft services however more notably a favorable customer focused technique.

Our suppliers are not picked on size of business or turnover, however a desire to provide worth, to work with us and our customers to be one group.

We pick our supply chain on Regional lines, we believe in Regional company and Regional economies, to promote Regional development.

For more information go here

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Los Angeles’ Top Roofing Contractor: A Cut Above the Rest

July 15, 2023

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| Sung

| 12:00 am

Isn't it amazing how our beloved city of Los Angeles, home to Hollywood stars, the iconic Griffith Observatory, and the sandy Venice Beach, is also host to some of the best roofing contractors around? For more information about our services, [dcl=251]. Nestled in the midst of our 90001 to 93599 ZIP codes, there's a local roofing hero waiting for your call.

The LA Sunshine: A Double-Edged Sword

We Angelenos love our sunny weather condition, don't we? Nevertheless, the very same sun that refines our beach days can wreak havoc on our roofs. The consistent direct exposure to sunshine, paired with our unique blend of sea breeze and occasional rains, can cause unforeseen damage. Who's got your back? Our top-notch roofing contractors, that's who!

Finding the very best Roofer: No Longer a Headache

For top-tier service, check out our [dcl=251]. Now, you might be thinking: finding a trustworthy roofing contractor in Los Angeles is as hard as finding a parking area in Downtown LA during rush hour. However hear us out-- it's not all gloom and doom. With a little research, a few wise concerns, and some regional recommendations, you'll discover a specialist as trustworthy as the Pacific Coast Highway.

Quality Over Quick Fixes

The very best roofer are not the ones who patch things up in a hurry. They are the craftsmens who take their time, utilize the very best products, and guarantee the task is done right. A great roofer can make your roofing withstand the whipping sun of our SoCal summertimes, sustain the periodic downpours, and still look good enough to be on a Hollywood set.

Regional Know-how Matters

Choosing a local contractor implies selecting someone who understands LA's unique environment and building regulations. Plus, absolutely nothing beats local recommendations and a specialist who knows the difference in between roofing in Santa Monica and North Hollywood. That's an advantage only a regional Los Angeles professional can offer.

LA's Choice for Sustainability

Roofing is not almost covering leakages and changing tiles any longer. Many Angelenos are progressively searching for sustainable and energy-efficient roofing services, a pattern our regional specialists are embracing. They're here to assist you make your home not just a comfortable living area however likewise a part of LA's green future.

Your Roofing Requirements - Arranged!

So, whether you remain in Echo Park, Westwood, or anywhere else in the City of Angels, a local, quality-focused, sustainable roofer is just a telephone call away. Keep in mind, a good roof is not just an overhead expense, it's an investment in your house and peace of mind. Make the right choice for your LA home!

Quality Roofing Specialists
Address: 1444 N Poinsettia Pl Unit 308, Los Angeles, CA 90046
Phone: (310) 340-1643
Website: QualityRoofingSpecialists.com