#Industrial Property For Rent Arizona

[rogcre]

Things to Keep in Mind While Choosing Industrial Property for Rent Arizona

When it comes to industrial properties for sale or for lease in Arizona, there are some essentials that you have to know when entering into the agreement. As one of the most business-friendly states in the union with a rapidly increasing population, Arizona presents a number of appealing prospects for corporate entities. Here are a few things to keep in mind when evaluating Industrial Property for rent Arizona:

Location, Location, Location - Industrial estates occupy strategic positions along the highways and rail corridors so as to have good access and linkages. Decide what types of infrastructure links you need for transportation and learn about zoning ordinances before selecting a location. Arizona has a number of locations for these incidents including Phoenix, Tucson, Mesa, Chandler, and Glendale.

Industrial Property for Rent Arizona

Type of Space – Do you require a warehouse or distribution centre? Manufacturing? Open space that is versatile for various purposes? Explain your operational requirements such as height, door opening for trucks, floor load bearing capability, electrical outlets, and office space to find the right property. It is common to have the ability to modify areas according to the owners’ preferences.

Cost Factors - These include the price range by metro region, age and class of the property. Sale prices are typically within the $50-$300 per SF price range. It costs $6.00-$12.00 per SF annually for Triple Net rental rates.

Future Requirements – This will cover for the requirements that the company may have in the near future in an Arizona industrial facility, even if the current requirements are well satisfied. Choose sites with available land to expand in or lease locations with ample space that can be expanded as needed.

The best approach to Industrial Property for sale Arizona should be given much prior research done before making the approach. Spend time reviewing all of these factors, from infrastructure to the pricing strategies proposed. And with a certain amount of research, the right space is out there to fit your particular industrial needs!

[sedonainvesting]

The Impact of Tourism on Sedona Investments

Sedona, Arizona, is a treasure in the desert, known for its breathtaking red rock landscapes, lively arts community, and spiritual retreats. This unique combination has made Sedona a top tourist destination, drawing visitors from around the globe. As tourism flourishes, the real estate market in Sedona has also seen significant changes. In this blog, we’ll explore the impact of tourism on Sedona Investments and how it shapes the opportunities for real estate investors.

The Rise of Tourism in Sedona

Sedona’s natural beauty and cultural significance have made it a must-visit location for many. The city attracts outdoor enthusiasts, art lovers, and those seeking spiritual rejuvenation. Over the years, tourism has become one of the main economic drivers in the region. This influx of visitors has had a direct impact on Sedona Investments, particularly in the real estate sector.

Increased Demand for Vacation Rentals

One of the most notable effects of tourism on Sedona Investments is the surge in demand for vacation rentals. As more tourists seek unique and personalized experiences, they often prefer renting private homes over staying in hotels. This trend has led to a booming short-term rental market in Sedona.

Investors in Sedona have recognized this opportunity and have increasingly turned their properties into vacation rentals. This shift has not only provided a steady income stream for property owners but has also driven up property values, making Sedona Investments more lucrative.

Property Value Appreciation

Tourism has significantly contributed to the appreciation of property values in Sedona. As the demand for vacation homes and rental properties increases, so does the value of real estate. This appreciation is particularly beneficial for those involved in Sedona Investments, as it promises a higher return on investment over time.

Investors looking to enter the Sedona market can expect a competitive environment, with properties often selling at a premium. However, the long-term gains associated with property appreciation make it a worthwhile investment for many.

Challenges of Tourism-Driven Investments

While the tourism boom has positively impacted Sedona Investments, it has also introduced some challenges. The influx of visitors has led to concerns about overcrowding, traffic congestion, and environmental degradation. These issues can affect the quality of life for residents and may influence local regulations on vacation rentals.

Investors in Sedona must stay informed about these challenges and consider them when making investment decisions. For instance, stricter regulations on short-term rentals could impact the profitability of vacation rental properties. It’s essential to weigh the benefits of tourism-driven investments against potential risks.

The Future of Sedona Investments

As tourism continues to thrive, Sedona Investments are likely to remain a profitable venture. However, the future success of these investments will depend on several factors, including how well the city manages its tourism growth and addresses related challenges.

Investors should keep an eye on emerging trends in the tourism industry and how they might influence the real estate market. For example, the growing interest in eco-friendly and sustainable travel could lead to increased demand for properties that align with these values. By staying ahead of the curve, investors can make informed decisions that maximize their returns.

Conclusion

Tourism has undeniably shaped the landscape of Sedona Investments. The rising demand for vacation rentals, coupled with property value appreciation, presents lucrative opportunities for real estate investors. However, it’s crucial to be mindful of the challenges that come with tourism-driven investments. By understanding the dynamics of Sedona’s tourism industry, investors can navigate the market effectively and make the most of their Sedona Investments.

Whether you’re a seasoned investor or just starting out, Sedona offers a unique and promising market, thanks in large part to its thriving tourism sector. With careful planning and consideration, you can capitalize on the opportunities that Sedona Investments presents and enjoy the rewards of investing in one of Arizona’s most beloved destinations.

[laguna-coast-real-estate]

How Laguna House Rentals Offer a Unique Blend of Profitability and Peaceful Living

The demand for house rentals has risen as more people seek a peaceful lifestyle. Laguna, a coastal area in California, is particularly popular for its beautiful coastlines, vibrant arts scene, and luxurious coastal living. Laguna offers a wide variety of high-quality rental properties, ideal for both short-term and long-term stays.

Are you someone who loves to wander around nature? Or are you interested in asset building and making profits? If you are a strategic wanderer wanting to reside in the Laguna Beach houses, then you are at the right destination!  

In this article, you will learn some facts that make Laguna house rentals an advantageous choice!

Why More Families Are Choosing Coastal California For House Rentals

A Diverse Market With Stability

The Laguna house rental industry is diversified, with interest in properties ranging from regular annual residents to immediate tenants. Regional residents undergoing renovations demand temporary housing, while business customers require accommodation for business operations and migrating personnel. 

Laguna Beach's advantageous position near airports in Orange County, Los Angeles, Long Beach, and San Diego makes it readily available to international visitors from the Pacific Rim, the United Kingdom, Europe, and Canada. 

Because of this broad economy, rental residences on the Laguna Coast are likely to receive an uninterrupted supply of renters throughout the year.

Trend of Home Rentals Over Hotels

Laguna's year-round temperate temperatures appeal to everyone! It attracts holiday tenants looking to flee the scorching temperatures of desert locales. This includes Las Vegas, Palm Springs, and Arizona, as well as colder areas along the East Coast, which are also interested in vacation rental houses. 

It is especially famous with visitors who are looking for the perfect place to spend a few months resting on the beach. Laguna Beach homes range from tiny residences nestled away in calm communities to opulent properties situated above coastal cliffs. 

High Rental Rates Due to the High Demand for Laguna House Rentals

Long-term rentals are a more conventional sort of real estate business that produces ongoing revenue as time goes on. With a greater number of tenants than homeowners, renters compete, resulting in stronger rental demand, lower occupancy rates, and, as a result, higher rental rates. The increase in the Laguna house rental market is because of the continuous growth of families, schools, hospitals, and more people who prefer quietness to city chaos.

The Smart Investment

One of the more desired investment possibilities is to buy an estate as a seasonal secondary residence and rent it out while it is not empty. Such kinds of investments are ideal for owners who do not intend to use the property frequently. However, they want to generate revenue from occasional or monthly renters when they are not inhabiting it. The extra benefit is that real estate seldom stands idle; occupants provide safety and supervision while the house isn't in operation.

Conclusion

In conclusion, Laguna house rentals present a unique opportunity for those seeking both a peaceful lifestyle and a profitable investment. The consistent demand for rental properties, driven by the area's desirable coastal environment and vibrant cultural scene, ensures a steady stream of renters year-round. 

Laguna Coast Real Estate experts work together with you to ensure that each property represented by their team is top-notch for every client! Contact them today.

[vitodragone]

Verona at District Heights Forestville MD Residential Community

Vito Dragone, a professional focused on property rehabilitation and development in Washington, DC, leads Dragone Realty Investments as president and manages an extensive property portfolio. Vito Dragone pays close attention to multifamily real estate, particularly trends in the industry. One recent trend making headway in multifamily housing is property technology, or proptech, which is the intersection of information technology tools and the real estate industry. One example of proptech is the Bluetooth-enabled smart home automation technology developed by SmartRent. The Arizona company’s platform synchs with a system that allows people to schedule tours of rental homes, verify identities, and unlock a smart lock using a device. This enables the safe, secure, and verified tour of spaces for rent without the presence of a real estate agent. Once tenants move in, they can use the same system to control thermostats or lights remotely. Residents can also enable access to their apartment building for select visitors, including people delivering food. This type of proptech marks the beginning of technological impact in the multifamily property segment, with some users employing cloud-based platforms for activities such as building maintenance and energy-use management. via WordPress https://vitodragone.wordpress.com/2023/06/28/verona-at-district-heights-forestville-md-residential-community/

[tinyhomesforsale]

Tiny Homes - What Every User Should Consider

People work hard to find the perfect home for them. But due to a lack of finances and high property rates, most people have to live on rent. Renting is expensive, so you might end up paying more than you need. Tiny homes are becoming more popular. They are portable homes with wheels that can be transported anywhere. If you are looking for a tiny home contractor, they can help. They can offer you the best tiny homes that suit your needs and budget. People who construct their own homes often need to oversee the building process. This requires lots of travel, effort, and time. They have to take time out of their busy schedule and supervise the construction process from time to time. This is why many people choose to build their own tiny homes. Are you searching for tiny homes arizona? Browse the previously discussed website.

The contractors will make them and supervise the construction process without your involvement. These tiny homes are popular with singles and small families. People spend a lot time searching for apartments that fit their needs and budget. They can't afford the right facilities, even though they have to pay a lot. A major advantage to tiny homes is that they are very affordable. If you want a home on wheels but don't want to live in an apartment, you can reach out to a tiny house provider. Experts who have built homes before will build TIny homes. People can easily overlook the entire building process, and don't need to worry about the contractors making the wrong decisions. It is often difficult to build a home because the contractors hold off on construction. This can cause a halt to your enthusiasm and make it harder for you to plan.

A tiny home contractor can create your home to your specifications in three months. Many home models are available for sale from tiny home builders. You can either choose from a pre-designed tiny home or request a custom built one. With the construction industry getting expensive everyday, people cannot keep up with the financial pressure. Some people are forced to live in cramped apartments while others live in expensive dorms. But, a tiny home has turned out to be a reliable and affordable option for them. Many projects have been completed by tiny home contractors for their clients. They lay a strong foundation and start the project right away. Their construction team completed the project before the deadline. Tiny home providers are flexible in their construction methods and can send a detailed blueprint to their clients before moving forward. It is possible to make a switch to tiny homes if you are fed up with paying excessive rent each month.

[notebooknebula]

Private Money & Self-Storage Investing with Scott Meyers and Jay Conner

https://www.jayconner.com/private-money-self-storage-investing-with-scott-meyers-and-jay-conner/

Scott Meyers shares the world of Self-Storage Investing

Scott and his affiliated companies focus on the acquisition, development, and syndicating of self-storage facilities nationwide. He currently owns and operates over 2,200,000 square feet and over 13,000 units nationwide.

His education organization www.SelfStorageInvesting.com provides courses, tools, life events, and mentoring to help others launch self-storage businesses to enjoy a lifestyle, as his saying goes “free from tenant, toilets & trash!”

His various companies are also very mission-focused and funded the construction of 12 houses in Mexico and the Dominican Republic by taking his staff, partners & other associates on their all-expense-paid short-term mission trips.

Timestamps:

0:01 – Get Ready To Be Plugged Into The Money

1:38 – Jay’s New Book: “Where To Get The Money Now”- https://www.JayConner.com/Book

2:58 – Today’s guest: Scott Meyers

5:44 – How Scott Meyers got started in the real estate business

8:31 – Scott Meyers’ very first storage facility

10:15 – Scott Meyers’ lesson learned on his first storage facility deal

11:04 – What is syndication?

13:29 – Does the storage investing business also offer multiple exit strategies?

17:09 – Get connected with Scott Meyers – https://www.SelfStorageInvesting.com

18:34 – How does the pandemic affect the Self-Storage industry?

22:09 – No business strives unless it’s solving a lot of people’s problems

23:10 – Scott Meyers’ recent projects

25:19 – Best way on starting with Self-Storage Investing business

27:43 – Common mistakes that new self-storage investors make

30:17 – Scott Meyers’ parting comments – “It’s when everybody is running out that you should be, not just running in but understanding what it means to be in the real estate business.”

Private Money Academy Conference:

https://jaysliveevent.com/live/?oprid=&ref=42135

Have you read Jay’s new book: Where to Get The Money Now? It is available FREE (all you pay is the shipping and handling) at https://www.JayConner.com/Book

Free Webinar: http://bit.ly/jaymoneypodcast

Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $64,000 per deal.

What is Real Estate Investing? Live Private Money Academy Conference

https://youtu.be/QyeBbDOF4wo

YouTube Channel

https://www.youtube.com/c/RealEstateInvestingWithJayConner

iTunes:

https://podcasts.apple.com/ca/podcast/private-money-academy-real-estate-investing-jay-conner/id1377723034

Listen to our Podcast:

https://realestateinvestingdeals.mypodcastworld.com/11241/private-money-self-storage-investing-with-scott-meyers-and-jay-conner

Private Money & Self-Storage Investing with Scott Meyers and Jay Conner

Jay Conner:

Stir. And you are still struggling to do your first deal because you don’t have the funding and you can’t find the money for your deals, or are you a wholesaler? And you’ve received some assignment fees, but there’s some deals you want to stay in, but you said probably haven’t been able to stay in the deals because you don’t have the money or the funding, or are you a seasoned real estate investor? And you’ve done a ton of deals, but you’re sick and tired of paying high interest rates and you want to be in control of your business and you just want to get some more cheap money really, really fast. Well, if you answered yes to any of those three questions, don’t go anywhere because I’m getting ready to plug you into the money right now.

Well, hello and welcome to another episode of the private money academy podcast. I’m Jay Conner, the private money authority. I’m the host of the show. And I want to welcome you here to the show here on the private money academy podcast. We obviously always talk about private money and getting deals funded, getting money for your deals. But in addition to that, I typically have an amazing guest and expert to join me here on the show. And today is no exception, but before I introduce you to my good friend and expert in this area of self storage, that you’re going to find amazing. I’ve got a free gift for you for just being here on the show. And that is, I just recently released my new book, which is titled where to get the money now, subtitle, how and where to get money for your real estate deals without relying on traditional or hard money lenders.

So here’s the deal folks. I just released this book hit number one on Amazon. And this book was show you. Step-by-step how I went from having no funding from ideals to over $2 million in less than 90 days and how you can get plugged into money as well. We’re not talking about traditional money. We’re not talking about institutional lenders, how to get money very, very fast at super cheap, low interest rates. And I’m glad to send this book to you for free, just cover delivery. You can get the book for free at www dot Jay Conner, J a y C o n n er.com forward slash book. Again, you can get the book, we’ll ship it right out to you@wwwdotjcounterjayconner.com forward slash book. And we’ll get you plugged into the funding for your deals right away. What, as I mentioned, I’ve got an amazing guest and a very, very close personal friend of mine on the show with me today, a little bit about him before I bring him on he and his affiliated companies, they focus in this area on the acquisition, the development and the syndicating of self storage facilities nationwide.

Now, my guests currently owns any operates over check this out 2 million, 200,000, my land’s square feet and over 13,000 units that is gotten nationwide. Well, not only does he do the business, but he also teaches and coaches other real estate investors that want to learn about self storage and how that works. His education company is self storage, investing.com, and it provides courses and tools and live events, coaching, and mentoring to help others launch like you self storage businesses to enjoy the lifestyle. And, you know, as my guest, a good friend is known to say many, many times, get in this business and you’ll be free from tenants free from toilets free from trash. Well, you know, one thing that he and I talk about, and he and I are in a high end mastermind group together, his various companies are also very mission focused. He’s got a heart of gold, he’s got a servant’s heart and he is so far to date. He’s funded the construction of 12 houses, and I’m very, very familiar with this project. 12 houses down in Mexico and the Dominican Republic by taking his staff, his partners, his friends, his business associates on their all expense paid mission trip to do houses for these people. Wow. What a service heart, where that my good friend, Scott Myers, welcome to the podcast.

Scott Meyer:

Hey Jay, it is a good to see you again, my friend, how are you?

Jay Conner:

I am doing fantastic. I know we’ve got a mastermind meeting coming up pretty soon out there in Scottsdale. Are you going to make that one or you don’t know?

Scott Meyer:

I am looking forward to it and I will attend to any, and all of those that will be held in Arizona because now I have a two kiddos that are going to grand canyon university in Phoenix. And so we’re going to be spending a lot of time out in Arizona.

Jay Conner:

Oh, that’s great. Well, Carol joy and I we’ve already got our plane tickets. We’ve got our hotel reservations. So I look forward to seeing you in Scottsdale in just a few short weeks, right around the corner.

Scott Meyer:

Likewise can’t wait. Absolutely.

Jay Conner:

Well, Scott, as I told everybody in the introduction, I mean your expertise, your wheelhouses self storage and self storage facilities, but before we get into that world and your arena, first of all, just tell everybody how you got into real estate.

Scott Meyer:

Yeah. Wow. I think probably like most people out there started with the single family house and I learned from, and many folks on here will this name and a whole lot won’t Carleton sheets, who was one of the grandfathers along with Ron Legrand and some of the others that taught people how to get into real estate. So I followed this program to buy houses, rehab them refund, and some rent them out and then replicate and do that over and over again. So the burn method before it was called the bird method. And so that’s how we got started bought a single family house. This was back in 1993 was the first one that I ever bought. It had an assumable VA mortgage on it, which I don’t think there’s any of those left out there any longer and allowed me to get in and just assume that mortgage with very little experience in the way of even credit history at the time, it was a pretty young guy at the time, as you can tell by my age now and doing the math.

So that’s how it started. And then we moved on to buying up more. We refinanced about two more houses than we need to fix them up refinance and buy more. So we had about 75 in 76 houses and didn’t really have the cashflow and the, the, you know, the freedom that we wanted that Carlton sheets had mentioned in the home study system. So we thought, well, economies of scale will fix this. So we started getting into apartments and buying several complexes around central Indiana, but same thing and just kind of bought us more tenants, toilets, trash headaches, and the business model just wasn’t right for us. We wanted to have time. We wanted the freedom that real estate brings. And so to do that in real estate, that means no tenants, no toilets. So that’s either parking lots or self storage, and you can’t really build a lot of value in, in parking lots.

And then we found, but once I dug into self storage, I realized that, ah, this is, this is a place I need to be. People don’t pay rent. You lock them out and you sell their stuff off and get paid. You turn it around by taking a blower and you blow the unit out with no paint, no carpet, no extensive clean-out or repairs. And once I more, the more I looked into the business, I really saw the light and decided that this is the path I wanted to take. So sold their houses, our apartments, and now we’ve gone just, you know, 100% into self storage made that transition about 2005 to where we are now, today, which is where you mentioned Jay, we, we buy existing facilities. Still. That same model is in place. We also convert industrial buildings, grocery stores, anything that is, can be repurposed into so storage, we’ll buy it and convert it. And then we build from the ground up and we do a lot of this on by partnering and doing joint ventures and then syndicating the private equity, which is where you come in, Jay and you know, all too well, what that looks like and how we can leverage other people’s money and bring them along as limited partners to enjoy in the growth in this incredible business. So I hope that wasn’t longer than what you were looking for, but that’s, that’s my story.

Jay Conner:

No, that was perfect. Well, tell us the story about your very first self storage facility that you got into and, and what lessons did you learn from that first deal?

Scott Meyer:

Yeah, so the F the very first facility that I got into was a, that we were sending out mailers to facility owners, just like we all do in real estate to the asset class that we’re in. And we ran across some business owners and they were getting a business, a divorce. They were partners in a concrete business and things weren’t going so well. And they wanted, they were parting ways. And this facility, they owned together as well. Well, they, as what happens, unfortunately in the worst is the other one, one side wants to hurt the other. And the other one definitely wants to destroy the other one. And so that’s what they were doing. And they were destroying the value of the facility in the meantime. And so what that meant is we were able to get into this a facility for it, was it appraised for $800,000 more than what the selling price was?

And they just had to get out from under the note, because those two had done such a good job of fighting each other, that the bank was about ready to take the facility back. So I partnered, I partnered up with a gentleman. We came in at 50, 50 cash and both on the balance sheet and excuse me, on the loan request and ended up moving forward on this first property, by taking the existing tenants and raising the rates, which they hadn’t been raised in 10 years, we let them manage, well, let me see. We didn’t let her, we freed up her future to pursue other career opportunities and put a kiosk in place because we don’t have to manage these facilities with a person on site. And then we bought the land next door and expanded and built that up and leased that up as well.

So I sold off to my partner eventually. And that leads to, I guess, the second part of your question, Jay, which is what did I learn from this? Well, first of all, I, I understood the power of leveraging and bringing partners in to projects. But I also, the lesson I learned is that I, I really want to be in that manager position. I wanted to have that control rather than 50 50, and it’s not a control issue. It’s just that, you know, once I learned about syndication and moving on to other projects, that I can be the syndicator, the promoter, and the person who is calling the shots, and I can bring in limited partners for sometimes their balance sheets to sign on the loan as well. But mostly for the equity that is, that is required to get into a facility. So that was probably the biggest lesson. And I also learned, sometimes you shouldn’t bring people that are close to you or friends into a business as well. Sometimes it doesn’t always turn out well. Yeah. Yes.

Jay Conner:

I’ve been, I’ve been down that road myself as well. So to make sure everybody understands what you’re talking about, what do you mean by syndication? What’s that look like? And what’s the benefits of it.

Scott Meyer:

Yeah. So in the true sec definition, and I am paraphrasing, anytime you bring two or more people together into a project, and in this instance, a real estate investment where one person is, is active, doing all the heavy lifting, doing all the work, and the other person is bringing money and they’re passive. They don’t have a hand in making decisions or doing any of the project management in a project. Then, then you’ve created a security and then it’s governed by the securities and exchange commission. And so they state that you have to file that, and you have to register with the, depending on the fund or the entity that you set up that has to be registered. So for us, that is a true, so for us, there was one person, as I just mentioned me that I am the promoter. I am the active person on the investment.

Whereas I bring in then a lot of private equity, a lot of limited partners that come into the project. They don’t lend a hand. They’re not involved in the decision making process. And what they’re lending is money into the project. They’re investing into the project with me. And so their role and responsibility is to wire, the funds to close the project. And my responsibility is to do everything else, report back to them, the progress show, the projections and how we are exceeding, hopefully meeting, or if we are underperforming on our projections and then send out to our K ones at the end of the year, because they do become owners of this entity. And they get to participate in the upside as well as in the depreciation as well. So that’s, and I guess a limited sense without getting too far in the weeds, Jay, is, is the definition of a syndication and how we go about approaching the market. Yeah.

Jay Conner:

So, you know, in the world of single family houses, there’s multiple exit strategies. There’s multiple strategies of what someone’s going to do with that property after they invest in it, you know, you can, you can buy a single family house, you can fix it up, you can flip it, you can wholesale houses and, you know, wholesale houses out through other real estate investors. You can buy houses and you can fix them up and you can hold them, you know, for the longterm. So compare self storage to what I just did with single family houses. Are there all these different strategies as to how you can go about the self storage business. And second part of that question is if there are different strategies, how do you decide which one you’re going to do?

Scott Meyer:

Yeah, I’d say property is property. And, you know, in a general sense, and you can do all of the above. You know, we buy them and wholesale them, or sometimes a wholesale without us ever taking ownership or taking deed to the property. You can buy them, you can fix them up, turn around and flip them. You can buy them and turn them around partially, and then sell them off and call it a flip or non you sell them to the next person down the road. That’s going to take it the rest of the way, the way that we do it is typically we’re a longer-term hold three to five years. That gives us time to in an existing facility, really turn it around, raise rates, make the improvements, and reduce the expenses as much as possible to maximize the net operating income and then sell it for maximum dollar, our conversions and development.

You know, those projects take roughly four to five years to either buy a building, say a vacant grocery store and convert it to self storage, and then start from ground zero. And at least it up to 80, 85% occupancy and bring in our limited partners and allow them to have a payday and an exit that is comparable to if they were to invest in any other type of entity, a business over that time, and really focusing on the internal rate of return and the same goes for development. So in terms of an exit strategy, it’s a little more difficult in, in the way that we head into those larger projects with our partners in that we can’t do a 10 31, unless everybody decides to go along with us into the next project, which obviously they’re not going to. So at that point we will sell and that we will take our profits off the table.

And then we will move into the next project for our limited partners. For the most part, they are investing through a retirement vehicle like a self-directed IRA or a solo or a real estate 401k. So they don’t really have those tax consequences at, at, at the exit. We also are looking at in terms of an exit strategy. And I guess to back up a step, you know, Jay, I think you, and hopefully everybody on this call recognizes that you, you should always look at the exit strategy or determine what your exit strategy is before you get into a project. It’s not a good plan to just don’t say, well, there’s a good deal. I’m just going to buy it and figure it out later. You can find yourself, maybe a do not, you know, don’t want her later on down the road, or you sit back and take a look at your empire and you realize what a mess.

I can’t even manage this because I never paid any attention to what I was doing. So every time we hit into a project, you know, we identify if it’s a good deal, are we going to keep it? You know, if we’re going to flip this thing in a year, then we’ve got some, you know, capital short-term capital gains taxes. That’s a consideration. If we own it solely, then we can do a 10 31 into something else on. Do we want to do that three years from now? And I’m saying at any point in time, do we want to do that two or three years from now? Where, what are the interest rates going to be and what our cap rates going to be, and how do we expect the market and the economy? What’s it gonna look like? So we’re, we’re always looking six months a year down the road, five years down the road and anticipating what’s going on with the market, meaning interest rates and our capitalization rates, which is how we value these facilities.

And then overall, does this really fit in our business plan? I suffer like everybody from shiny object itis, and I want to buy them all, you know, if somebody else buys a self-storage facility and develop those one, and I’m going down the road, I was just like, that should have been mine. I should have built that. I should have bought that. And it’s a, it’s a real struggle. But if we get into that, you know, we can paint ourselves into a corner if we get into that situation where we just, you know, every once in a while we have to say no. Yeah, for sure.

Jay Conner:

So just to make sure everybody knows before, anybody’s got to jump off a listing here to the podcast. How can people get in contact with you and your companies, Scott, to learn more about what you do and how you can help them in this area of self storage?

Scott Meyer:

Sure. So we go into self storage, investing.com. That is the mothership, and there’s a links to our other websites that focus on the passive investing side of the business. But self-storage investing.com is really the mothership. And, and this is where we’ve been at this longer than anybody in the business and teaching people the right way to go about investing in self storage. I’m just in hopes that once again, you know, a rising tide raises all ships and so that we want everybody to be as educated as possible to go out into the marketplace before they do this to avoid any mistakes. And then also, you know, that just kind of makes it more difficult for the rest of us, that there are a lot of gunslingers out there that aren’t really doing their due diligence and doing things the right way. So that is our, our main purpose in educating people in the business. Cause it just makes it easier for all of us to conduct business in this incredible niche. Exactly.

Jay Conner:

So if you’re remotely interested folks and connecting them with Scott and his team, that website again is www dot self storage, investing.com, self storage, investing.com. We’re coming out here, hopefully on the other side of COVID and the pandemic and all that stuff. What are you seeing in the self storage industry? I mean, overall nationwide is the industry growing, how has COVID affected self storage?

Scott Meyer:

Yeah. Self storage is on a tear right now. I mean, if you look at the asset classes in real estate, no matter what stat you look at in terms of, you know, which asset class has done well, of course I’m biased, but the stats don’t lie, self storage and industrial are right up at the top. I think data centers may be up there as well. Industrial has done really well with Amazon expanding and, and the supporters of the Amazon and the distribution centers that are now coming down to the smaller market size. And, and as we see, unfortunately, the slow death of retail, the, the industrial side and the industrial sector has benefited greatly and self storage because we are heading into a time where we’re heading into a recession. Again, we also have seen now people come home from work and they had to clear out the dining room, the spare bedroom, the spare of family room, or living room and create a workspace for one of the income earners.

And sometimes too, they also last year during the lockdown, you know, when everybody was sent home from school, the colleges shut down and, and the kids had to put all their stuff into storage again, until they were able to go back. The kids that were in K through 12 came home, and we also had to make room in our homes to do school at home as well. So clearing out more furniture to make all of that happen. And then unfortunately there’s a whole lot of businesses that immediately when, when the lockdown started, it just went under because you know, customers are go figure on the lifeblood of their business. And if they couldn’t do it online, they went under. And so their inventory machinery and furniture, business furniture went into storage. And so, you know, we see this was somewhat of a microcosm of what we see during a recession and self storage really benefits during a recession because businesses downsize and put their things in storage, individuals downsized during a recession, they may have to move in with somebody else, a friend or move back home.

And so their extra stuff goes into storage. And so we, we, we spritz traditionally has always done better. You know, we go up to the right during times people buy more stuff and they store more stuff. That’s the nature of what we do here in this country. And if that’s you on behalf of the industry, I thank you for that mentality in this country. But during a recession, you know, we get the hockey stick effect. And then that’s when banks slow down development slows down of all sorts and then demand for self storage goes up. And so that’s what we saw during the pandemic last year. And 2020 was an absolute banner year for our industry. We have been, we have been contactless and touchless since before it was cool to be contactless and touchless using kiosks to rent a unit, much like a kiosk because self storage, you know, renting a unit is a very low labor intensive transaction that can be done over the internet.

And it can be done by way of a cell phone access to our facility, our software, getting a gate code and even a key fob and access on the phone to access a unit can all be done by way of a smartphone as well. So J we don’t, we don’t celebrate recessions personally, nor my company. We don’t celebrate pandemics for now shakes, but our, our industry, I’m, I’m thankful for the industry that we’re in because we have benefited with a huge wind in our sail, not only during a recession as we’re going to pet into again, but then the pandemic, which kind of accelerated that has really benefited our industry. Well, you know,

Jay Conner:

No business thrives, unless it’s solving a lot of people’s problems. And that’s what, and that’s what you and your company and the industry is doing. I mean, due to the pandemic, you got all this and increased demand for people needing to put their stuff somewhere. And unless your industry comes along and provides a place to put their stuff, then you know, you’re not a, you’re not solving that problem. So it’s what is, so let’s say someone is, and I’ll tell you, it’s the same thing as going on around here. It’s like here in my little area where Carol joy and I live total, total area of only 40,000 people, I know of four brand new self storage facilities that are under construction right now, four of them. And we already got them everywhere. It’s like my lands, people must have a whole, much more stuff. It’s just like, it’s crazy. It’s crazy. How are you? Are you doing new construction these days? Are you still focusing on existing facilities?

Scott Meyer:

Well, a little bit of both, we are, we were really focused on in 2020 on construction. We had some projects already in the pipeline and then also picked up some others from some folks that while we’re just kind of taking the ball the rest the way down the field, some folks that had some stalls due to due to COVID and some funding issues. And so absolutely we’ve been known developing for a number of years. Now, we’ve got the team, we’ve got the experience. We’re in several markets where we know where the demand is, and we just know it’s a business model that we can replicate over and over again, that allows us to look at a market. And, and Jay, if I could, just the reason why we see so many opportunities and why you’re seeing the say, four facilities going up in your town is a lot of folks will think, well, wait, I see these things everywhere.

Isn’t the market saturated. And you know, how can we possibly, you know, have enough demand for this, but, you know, when we go into a market and we’re looking at it in a place that potentially maybe good for developing a self storage facility, there’s a lot of research that goes into that. First of all, our market is really five mile radius. That’s all the further people are going to travel to a self storage facility from their home is about five miles. And so within that five miles, if the facility is the 1, 2, 3, 4 facilities are full, have a waiting list. And the raising rates every three or four months, then we know what equilibrium is in a market. And it’s, you know, anywhere from five and a half to six and a half, you know, five and a half to six and a half square foot per person.

And anytime that we’re below that if there’s only three or four square foot per person, we know that there’s a lot of demand in that market. So that, and rental rates will dictate when we’re going to go in and build. So it’s not a build it and they will come or hope that they will come and just, you know, hope is not a strategy. And we spend millions of dollars on these facilities. And so that is the reason why we’re seeing a lot about construction. And so we absolutely are bullish because of all the factors that I just mentioned that are, that are occurring in the market right now, which is creating a huge surge in demand for storage.

Jay Conner:

If someone is brand new to self storage, and they’re really interested in exploring it and, you know, really want to see if this makes sense for them, what’s the best way for a brand new person to even get started? Where do they start looking?

Scott Meyer:

Well, I think it starts with, with learning so that they know what they are looking for. And so no shameless plug, but we just got a lot of free resources on our website. Again, just to help people, you don’t have to spend a dime on it, just so you know, what you’re looking at and looking for, then begin to seek out if you’re a part of a real estate investor group in your city and there’s people that are in stores and then strike up a conversation. I I’d asked you to ask them to go out to lunch, to pick their brain, but we know that there’s a whole lot of folks that maybe aren’t interested in doing that these days, but if you can strike up a friendship, get into a conversation or even a subgroup, and some of these other real estate investor circles, or online with several meetups around at your area, then that’s the best way to get plugged in and just sit back and be a consumer of the information and to be a student of the industry to know what’s going on.

There’s I was in single family homes for a number of years. I was in commercial real estate being multifamily. And although a lot of that skillset applies and I’m looking at leverage and cap rates and underwriting, it’s a different business. And so to understand the nuances is really key before you take a take that next and first step, and we’ve seen, as you can imagine in our, on the education side of our business, we’ve seen a lot of folks that have taken that first step and they, and they stepped in a lot of do-do and create a lot of mistakes and messes for themselves. And men have come to us to help them unwind it and get out of it or to survive that one, you know, lose the battle, but win the war by understanding what it takes to succeed on the next one.

So, and then temper that with, you know, don’t, don’t analyze too much or, you know, analysis paralysis by analysis and analysis that causes paralysis. You, you, you know, the saying that to spend too much time researching before you do actually pull the trigger. So learn about the business, get some good advisors and mentors around you before, you know, to put some eyeballs on your underwriting and your offers, and obviously the good legal team or, or a, an attorney to look at your contracts before moving forward. Those are probably the best ways to Intuit, to avoid getting into a catastrophe. My

Jay Conner:

Good friend and guest today is Scott Myers, founder of self storage, investing.com. Be sure and check out his website for the free training and resources that he has there. One last question for you, Scott. And that is what are the most common mistakes or some of the most common mistakes that new real estate investors in self storage makes.

Scott Meyer:

Yeah, I’m writing a book on it as we speak, that’s going to be out before long. So I got 101 of them because that’s the title of the book. So I’ll, I’ll focus on how about the overarching one. And that is I think, and perhaps I’m guilty of this, you know, we’ve been teaching and training people how to do this for 16 years. And, you know, we, we, we state that it is a very simple and predictable business model because it’s compared to other businesses. It is, it’s a simpler and predictable business model. You know, we know the numbers, we know the equilibriums and we can go into a, an existing facility or a development project and make our projections and darn near hit our marks and, and beat them almost every time. But so I, I say that I’m, I’m a product of that.

And that is, I think people have heard that enough. And they’ve heard that, you know, this is a simple, less moving parts. You know, you don’t have the rehabs, you know, lock them out. They don’t pay their money and then you just blow it out and you’re done. You move on to the next and all that’s true, but it’s not a hobby. I mean, this is a business and you have to treat it as such and you have to walk the four corners of your business, and you have to understand it before you get in you. As most people know that are in commercial real estate, you make a $10,000 mistake in your underwriting, meaning you miss some expenses by 5,000 and you missed them. You know, they overstated the income for late fees and other things that shouldn’t have been counted. Well, a $10,000 mistake and underwriting is a hundred to $120,000 in value that you would over pay for a facility.

So you need to understand the nuances, how to value them, how to underwrite them before putting offers, in understanding how to analyze the market. And then for gosh sakes, I’m you don’t take your hands off the wheel and assume that this is a mailbox business because no rental businesses, I don’t care who you said listen to, or, or who says it. It’s not, it’s a business and a business needs to be tended. So a long-winded answer to your question, Jay. But the mistake that people make is that they think, and they hear and assume that it is a simple business because it’s simpler than what they were doing before, but it, it means that they have to understand it and they have to tend it. And, and you do have to farm the business once you own it. And constantly be working, looking at ways to grow occupancy, to grow rates and reduce expenses. And that is perpetual, and that is on a regular basis.

Jay Conner:

In other words, folks, don’t start doing this business without joining hips with somebody that knows what they’re doing, right. And of course, Scott Myers is the expert in this arena. Scott final comments and advice.

Scott Meyer:

Final comments change is good to see again, my friend, I can’t wait to, to see each other. I can’t hold that back. And so you always make me smile and I’m looking forward to hopefully getting together and having dinner together as well with you and Carol joy. And maybe we can get that old gray hair gentlemen, to pay our bill next time again, too, that might be nice and fight from that gang. It’s an exciting time to be in a, in real estate. There’s certainly a lot of changes and there’s some potential threats that are out there, but it’s when everybody’s running out that you should be not just running in again and shooting from the hip, but understanding, you know, what it means to be in the real estate asset class and investing the way and where you should be investing. But now it’s absolutely an exciting time to be doing so. So with that, just great to be here. I’m thankful for the industry of the real estate industry and self storage and a happy to help and assist anyone anywhere along the way that we can. And just be kind, just, just choose to be kind how’s that after a long weekend, so far, and it’s only Tuesday, I’ve had some difficult conversations. So how about I leave it with, let’s just choose to be kind to one another.

Jay Conner:

I love it. There you have it. Folks. My good friend and expert in self storage, Scott Meyers, visit him at www dot self storage, investing.com. Well, so glad to have everyone here on the show. I’m Jay Conner, the private money authority wishing you all the best here’s to taking your business to the next level. And we’ll see you right here on the next private money academy podcast.

[kymanikaur]

Best Payday Loans in Arizona Near You

Financial problems during Covid19 Pandemic have brought a number of changes in lives of many individuals incapable of pay their regular bills. Small businesses ended up the ones to put up with the greatest financial losses in the course of 2020. With all the issues piling up in addition to escalating numbers of Covid19 triggered fatalities, progressively more men and women their selves incapable of living through without outside financial support. Do you want emergency help to make a crucial acquisition or pay electric power expenses? Regardless of the urgent, the only quick way to obtain cash is through taking a payday cash advance. What is one and what are the advantages and downturns of taking a cash advance? Keep reading to learn about https://www.usaloansnearme.com/db/az in Arizona and how they can help you in a tacky financial situation.

If you find yourself in a financial black hole, you’re searching for quick techniques for getting out of the tacky scenario. Must you pay rent just before property manager arrives at the place with evocation forms? Do you or one of your family members confronts medical emergency? Individuals opt for pay day loans for many motives, but they all go after one goal, which is getting the money as quick as they can. What makes pay day loans AZ quite popular? You can get money fast. The reason is , quick and easy application. You can fill out an application online in Ten minutes. The application forms do not require many details and you’re approved within an hour. In contrast to classic loans, payday advances provide the possibility to get the cash on within 24 hours, which is unachievable when lending from finance institutions. Another appealing factor of payday cash advances is they do not dictate you methods to spend the money. Payday advances can be spent on bills, acquisitions etc. Last, but not least is that you can get a payday advance with a bad credit history. With all that being said, pay day loans aren't just easy to access, but very expensive. Based on the state, payday advances rate of interest rates about 400%. Understanding that, you can plainly see why payday cash loans can trap you in a debt never-ending cycle. Every time the debt rollover happens, you’re being added late charges for not paying off the borrowed funds in time. Because of this, you may result in a debt hole that will last for years. All in all, payday advances in Arizona are ideal for emergencies and only when you’re familiar with negative aspects of taking a pay day loan. ABOUT US: Pay day loans could be a real lifesaver, every time you really want cash and don’t know how you can find these. The good news is that there are special services meant to help you out this scenario, making sure that you get your loan and worry about nothing at all. Some will even take terrible credits, being the only method out for countless people all-around. No need to generate just about anywhere or check out numerous banking companies, unwind to discover the best payday advance over US straight away. The top the first is nevertheless expecting your internet visit or perhaps your get in touch with, nearer than ever. If you want to get some real cash in your bank account the next business day, uSA Loans near me is the team you have to trust. It can simply take a few actions put into practice appropriately, one at a time. So, wait no more, check out the page, submit your loan request online and you will undoubtedly get what you need. If you want to find the right payday loans near me, get started right away and provide some personal and banking information, hitting the “submit” button. Before you get the approval decision, you will wait less than 3 minutes. -Trustworthy. By choosing us you choose the simplest way to get a payday loan, because each time you request one, you will undoubtedly get one on your bank account in a while. There is certainly practically nothing easier, select the submit option and simply wait around for that cash to access you. -Productive. If you just offer some personal and banking data that will be asked for, regardless of why you have chosen us, we can help you out. United states Lending options have shown to be genuine industry experts with regards to payday loans, with a great deal of clients all over United states. -Speedy. There is absolutely no more quickly way acquiring those funds you want on your own banking account than this. We made certain that each one on the internet guest can ask for on the internet a pay day loan around me leaving all of that fiscal issues someplace in past times. If you need a payday loan near me, wait no longer and let us do the hard part for you, leave all of your doubts in the past. No concerns we can provide any payday advance, without concealed catches surely nothing to frighten you on your way to a comfortable life. Contact us on: Website: https://usaloansnearme.com/db/az/

[rogcre]

How to Find the Best Industrial Property for Renting Arizona?

There are several significant factors to consider if you are in the process of looking for industrial property in Arizona for sale or for rent. Yes, Phoenix and Tucson metro area has many choices that might fit your needs and budget; however, you need to be selective with location and building that will best suit your business.

Location, particularly accessibility or the ease of which one can get to the facility is one of the most significant factors when choosing Industrial Property for sale Arizona. For distribution and for the movement of goods, it is vital for the location to be easily accessible by the main highways and roads. It is therefore important to look at the traffic flow especially during the rush hour in order to determine the accessibility of the place. Other location characteristics that can work for or against you include access to freight rail lines or airports depending on how you use them.

Other factors are spatial area and volume, concerning not only the floor area but also the height of the ceiling. Ensure enough space is provided to contain the various business operations, products, and other services within the business premises besides space for expansion. Some facilities can accommodate the classrooms and offices, and the available extra land can provide more versatility. Another factor to consider is the ceiling, particularly in warehouses and distribution centers where vertical space or high storage storage is used.

It also makes sense to assess the current state and the age of electrical, plumbing, the HVAC system, and other relevant equipment. Neglected buildings can be costly as a result, well maintained buildings are less costly. It is also necessary to know if fiber internet connectivity is possible.

Industrial Property for Rent Arizona

Be sure to check the local zoning laws, as they may have an influence on how you are able to use industrial property before consulting with professional commercial real estate agents. Some of the locations may possibly be offering tax incentives which could mean a saving.

Industrial Property for rent Arizona issues should be researched to the letter to make certain that the property selected is ideal for your company’s use and affordable. A good broker can assist in selecting the most favorable equipment financing options available in the market.

If you want any other details regarding the industrial real estate market in Arizona just let me know. It will be my pleasure to offer a brief insight into the existing asking prices, leasing rates, and further elaborating on the sources where one can find the available units.

[route22ny]

Volunteers with the humanitarian aid organization No More Deaths walk with buckets of food and jugs of water on May 10 near Ajo, Arizona. (photo: John Moore/Getty Images)

***

6/22/2019

I gave water to migrants crossing the Arizona desert. The government charged me with a felony.

By Scott Warren Scott Warren is a geographer living in Ajo, Arizona.

AJO, Ariz. — After a dangerous journey across Mexico and a difficult crossing through the Arizona desert, someone told Jose and Kristian that they might find water and food at a place in Ajo called the Barn. The Barn is a gathering place for humanitarian volunteers like me, and there the two young men were able to eat, rest and get medical attention. As the two were preparing to leave, the Border Patrol arrested them. Agents also handcuffed and arrested me, for — in the agency’s words — having provided the two migrants with “food, water, clean clothes and beds.”

Jose and Kristian were detained for several weeks, deposed by the government as material witnesses in its case against me and then deported back to the countries from which they had fled for their lives. This week, the government will try me for human smuggling. If convicted, I may be imprisoned for up to 20 years.

In the Sonoran Desert, the temperature can reach 120 degrees during the day and plummet at night. Water is scarce. Tighter border policies have forced migrants into harsher and more remote territory, and many who attempt to traverse this landscape don’t survive. Along what’s become known as the Ajo corridor, dozens of bodies are found each year; many more are assumed to be undiscovered.

Local residents and volunteers organize hikes into this desert to offer humanitarian aid. We haul jugs of water and buckets filled with canned food, socks, electrolytes and basic first-aid supplies to a few sites along the mountain and canyon paths. Other times, we get a report that someone has gone missing, and our mission becomes search and rescue — or, more often, to recover the bodies and bones of those who have died.

Over the years, humanitarian groups and local residents navigated a coexistence with the Border Patrol. We would meet with agents and inform them of how and where we worked. At times, the Border Patrol sought to cultivate a closer relationship. “Glad you’re out here today,” I remember an agent telling me once. “People really need water.” In a town as small as Ajo, we’re all neighbors, and everybody’s kids go to the same school. Whether it was in the grocery store or out in the field, it was commonplace for residents and volunteers to run into Border Patrol agents and talk.

(Five myths about the U.S.-Mexico border)

Those kinds of encounters are rare these days. Government authorities have cracked down on humanitarian aid: denying permits to enter the Cabeza Prieta National Wildlife Refuge, and kicking over and slashing water jugs. They are also aggressively prosecuting volunteers. Several No More Deaths volunteers have faced possible imprisonment and fines of up to $10,000 on federal misdemeanor charges from 2017 including entering a wildlife refuge without a permit and “abandonment of property” — leaving water and cans of beans for migrants. (I face similar misdemeanor charges of “abandonment of property.”)

My case in particular may set a dangerous precedent, as the government expands its definitions of “transportation” and “harboring.” The smuggling and harboring laws have always been applied selectively: with aggressive prosecutions of “criminal” networks but leniency for big agriculture and other politically powerful industries that employ scores of undocumented laborers. Now, the law may be applied to not only humanitarian aid workers but also to the millions of mixed-status families in the United States. Take, for instance, a family in which one member is undocumented and another member, who is a citizen, is buying the groceries and paying the rent. Would the government call that harboring? If this family were driving to a picnic in the park, would the government call that illegal transportation? Though this possibility would have seemed far-fetched a few years ago, it has become frighteningly real.

The Trump administration’s policies — warehousing asylees, separating families, caging children — seek to impose hardship and cruelty. For this strategy to work, it must also stamp out kindness.

To me, the question that emerges from all of this is not whether the prosecution will have a chilling effect on my community and its sense of compassion. The question is whether the government will take seriously its humanitarian obligations to the migrants and refugees who arrive at the border.

In Ajo, my community has provided food and water to those traveling through the desert for decades — for generations. Whatever happens with my trial, the next day, someone will walk in from the desert and knock on someone’s door, and the person who answers will respond to the needs of that traveler. If they are thirsty, we will offer them water; we will not ask for documents beforehand. The government should not make that a crime.

***

“The Trump administration’s policies — warehousing asylees, separating families, caging children — seek to impose hardship and cruelty. For this strategy to work, it must also stamp out kindness.”

source: https://neilyoungarchives.com/#/news/1/article?id=I-Gave-Water-To-Migrants

[sellmyhousefastphoenixarizonausa]

Metro Phoenix's hot housing market: What to know about buying, selling, renting

Many buyers and renters have been shut out of the market as home prices and rents continue to rise, putting them behind in their mortgage payments. The Valley is experiencing a housing scarcity and a vacancy crisis, which has caused double-digit rate hikes in housing prices during the previous year. The demand for homebuyers is on the rise, with many purchasers receiving multiple offers due to a lack of inventory. Because so few houses are available, most sellers looking to sell in the Phoenix area are getting several bids. Many Phoenix-area homes have been purchased by big corporate investors who paid cash and outbid normal buyers. In the greater Phoenix metro area, a housing scarcity exists. According to the Arizona Housing Department, nearly 300,000 additional houses and rentals are required across the state in order to alleviate the housing crunch. Not in my backyard-ism, zoning issues, and political resistance are all stalling new Valley apartment construction.

House values are increasing at a rapid rate.

Home prices in the Metro Phoenix area have been increasing rapidly and sales are following suit. Many corporate investors are buying houses to turn into rentals, which has caused prices to rise even more. Valley home sales see a boost from non-primary buyers, making up for more than 30% of total sales. Most of these buyers are groups backed by Wall Street or second-home buyers who tend to pay higher prices for the below-normal number of houses currently on the market in Phoenix.

Home prices in the Phoenix area have risen significantly in just 5 years.

In the last five years, the median home price in Metro Phoenix has increased significantly, making it difficult for people to purchase a house. Because of this, there is now a higher demand for rent control policies in Arizona. Providing affordable housing is important and here are three ways to do it: The scarcity of housing that people can afford in Arizona is a major challenge. Opposition from not-in-my-backyard and political fallout are two major roadblocks to construction. These are preventing new developments, particularly in metro Phoenix, where the greatest affordable housing shortage exists. Buyers were left out in the cold as metro Phoenix's single-family rental industry booms However, with the foreclosure crisis now becoming a thing of the past and new housing developments flooding the market, more individuals are searching for homes on their own.

Cost of Rent goes up in Phoenix area

The average nationwide cost to rent this type of property is $1,047 per month while mortgage payments would be higher than $2,000. -> With the foreclosure mess now behind them and new home construction flooding the market, more people are looking for houses on their own. Apartment purchases in the Phoenix area skyrocket as investors purchase up rentals. How long will rents rise? Rental prices in the Metro Phoenix area are expected to rise even more. The apartment market in the Valley is attracting huge investors paying record fees for complexes, which is a sure indicator that rent will continue to climb. The anti-affordable-housing campaign grows stronger. For now, Arizona needs as many as 270,000 more low-cost housing units with rents and costs that are lower than what apartments and homes are expected to cost.

[dharmannofficial]

Dhar Mann: Entrepreneur and Mindset Mentor

As an entrepreneur, Dhar Mann has learned many valuable life lessons over the years. From starting a real estate mortgage brokerage at 19, and funding millions of dollars in real estate loans, to being one of the first to tap into the medical marijuana industry early on and building a cosmetics business that does 8-figures in annual revenue, Dhar Mann has a proven ability to grow start-ups into massively successful businesses. However, as with any success story, there have been failures along the way. Bad decisions and legal trouble could have ended Dhar Mann’s entrepreneurial journey. It’s his resiliency and ability to reinvent himself, learning from his own mistakes, that makes him a great entrepreneur – one willing to share the good, the bad and the ugly in order to help other entrepreneurs avoid the same missteps.

Dhar Mann: Entrepreneur at Heart

Dhar Mann has taken an unconventional path to success. The young CEO has experienced many highs and lows, from living in a Hollywood Hills mansion with 9 exotic cars, to losing everything and living on a friend’s couch, to bouncing back and owning an 8-figure business which he runs today. He’s a resilient go-getter who just refuses to stop pushing forward.

Dhar Mann’s business experience extends across many industries including real estate, transportation, medical marijuana, franchising, and cosmetics. Some of the businesses he has owned have been successes, but many of have failed. He attributes much of his success today from the learnings he’s obtained from the businesses that failed. Dhar Mann’s companies may seem like an odd mix, but for the diehard entrepreneur, it was all part of his pathway to success.

The Beginning of an Entrepreneur

LiveGlam Owner, Dhar Mann has a lot of experience with starting and running companies.

He launched his first business, a real estate mortgage brokerage, at the age of 19 while studying at University of California, Davis. Before he could legally drink he had 3 offices, 25+ employees and was funding millions of dollars in real estate loans. At 21-years old, Dhar Mann was the only student in his small college town driving a Lamborghini to and from class and making more than his college professors. As the company grew, Dhar Mann dropped out from college to focus solely on the business, but after much pressure from his family, he eventually went back and earned his degree in Economics and Political Science.

Soon after he graduated the real estate mortgage crisis hit. Dhar Mann was on the verge of losing it all – including his exotic cars. He decided to create an exotic car rental company and rent out his own vehicles; turning his depreciating gas-guzzlers into income producers. That type of fast thinking would lead him to much success, but also to many problems.

(You can learn how to make money from exotic car brands in this short video he created: How I Earned a Free Ferrari and Why I Turned it Down)

Dhar Mann Real Estate Ventures

Alongside his transportation business, the young and ambitious entrepreneur started buying and rehabbing real estate in Oakland. He built up a sizable real estate portfolio in his early 20’s. While rehabbing property he found out about a government grant program that would reimburse 50% of the money he spent on construction.

Excited, he started many construction projects at once. What he didn’t realize is that it would take nearly a year for the City’s reimbursement checks to come in – well after the project money had all been spent.

In a cash crunch, he started taking some shortcuts on his grant paperwork to speed up the reimbursement process. He thought if he could get reimbursed faster it would allow him to take on even more construction projects and expand his real estate portfolio.

That decision would soon become one of his biggest life mistakes. But he wouldn’t realize it until after he made International headlines in the medical marijuana industry.

Dhar Mann Medical Marijuana Businesses

One day in 2009 while working at his real estate office, one of Dhar Mann’s commercial tenants came in to report a break-in in the tenant’s unit. The tenant was reportedly running a catering business and had been robbed.  When Dhar picked up the phone to call the police, the tenant asked him not to report it, admitting the “catering company” was just a cover-up for a medical marijuana grow operation.

That was Dhar Mann’s first introduction to California’s medical marijuana laws.  After doing some research, Dhar found that not only was growing medical marijuana legal in Oakland, but it was a very lucrative business.  At that time an Oakland-based medical marijuana dispensary had just reported 17 million dollars in annual sales.

Dhar’s first idea was to open his own medical marijuana dispensary. The only way to do that was to get a license issued by the City, but to become licensed, an applicant had to demonstrate extensive experience with growing or selling medical marijuana.  So, he knew he had to earn that experience first.

In 2010 he opened what CNN dubbed “the Walmart of Weed”- a 15,000 square foot space that was a “one stop shop for growing pot.” At no time did Dhar Mann actually sell any medical marijuana, but Dhar sold all the supplies necessary to grow it.  There was even an on-site doctor to issue medical marijuana patient cards and a classroom that offered classes on how to grow medical marijuana.

The business grand opening created a buzz around the world. Dhar Mann was featured in countless media publications including CNN, Time Magazine, Huffington Post and even landed on the front cover of Mother Jones Magazine and was the focus of a National Geographic Documentary. Dhar quickly grew the concept, becoming one of the first individuals in the world to franchise a medical marijuana business, and opened locations in Arizona, Washington D.C., New Jersey, Illinois and more.

Around this time he also found out that the City of Oakland was getting ready to issue new medical marijuana dispensary permits. Now, having the experience, street credit and team behind him, he successfully achieved his initial goal of applying for obtaining a medical marijuana dispensary permit.  It was an exciting time, but what he didn’t realize is his high was about to come crashing down.

New Beginnings: LiveGlam Owner

Succeeding as an entrepreneur is difficult in any situation, but succeeding as an entrepreneur with a criminal background, no money in the bank and a tarnished reputation is much more difficult.  

Knowing he would never get a job or work for anyone, Dhar Mann began exploring many different business ideas from his tiny 300-square foot studio apartment he was sharing with a friend.  One fortunate day in 2015, he ended up having lunch with a popular makeup artist and learned about the incredible opportunities within the beauty industry largely driven by the rise of social media.

That lunch would soon turn into his most successful business venture to date. He partnered with the makeup artist to provide online makeup classes. With less than $1,000 starting capital he purchased a webcam, 2 softbox lights and built a scrappy website. Since all the classes were live streamed and on glamming, he decided to call the company LiveGlam.  

Today LiveGlam manufacturers its own cosmetics, has partnered with some of the most influential people in makeup, has almost two million social media followers and generates 8-figures in annual revenue. In just two years, the company has grown to 50+ team members and shipped 10MM+ in beauty products. Being an innovator in the beauty industry, LiveGlam is credited as being the worlds first makeup brush subscription box, in addition to offering successful eye shadow and lipstick subscription box services.

Entrepreneur Dhar Mann as a Motivational Speaker

What’s most inspiring is how Dhar Mann learned important lessons from his prior mistakes and transformed failure into fortune. Knowing what it feels like to experience the many highs and lows of business and in life, Dhar now uses his learnings to create short motivational videos that have received tens of millions of views and inspired people all around the world.

As the CEO of LiveGlam, he continues to oversee daily operations, however now he is also focused on sharing with others what he’s learned about failure and success. He believes cultivating a mindset of perseverance is important – because every successful entrepreneur has failed many times, if not at least once.

As a Mindset Mentor, he shares his experiences and tips for turning roadblocks into building blocks.

Dhar Mann’s messages have inspired others to face challenges head-on and embrace the growth that comes with overcoming hard times. He sees that growth as a way for us to improve our lives our and the lives of those we love.

His life and relationship tips have been shared millions of times on social media.

Dhar tackles issues that many of us can relate to, like feeling taken for granted in a relationship, or always comparing ourselves to others or feeling insecure.

How Dhar Mann Balances Work/Life as an Entrepreneur

As an entrepreneur, Dhar Mann is a self-starter who maintains a regular schedule. His daily routine includes exercise and healthy food to keep both his body and his mind in shape.

He makes sure to schedule plenty of time off to travel with his girlfriend Laura because building and maintaining a strong and happy personal life outside of work is one of his top priorities.

While the demands of operating a successful business can be taxing, Dhar Mann intentionally directs his attention to the most meaningful areas of his life where he feels the greatest good can be achieved.

As an entrepreneur, Dhar Mann’s unconventional path to success has been bumpy at times but through consistent effort, and a drive to never give up, he has already achieved many of his goals.  

He encourages people to free themselves from limiting beliefs and build the life that truly inspires them. You can keep up with his story at dharmann.com or join his active group of fans on Facebook. You can also follow Dhar Mann on YouTube where he publishes new content regularly. 

This article originally appeared here: https://www.dharmann.com/dhar-mann-entrepreneur-and-mindset-mentor/

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Commercial Real Estate Agents – Focus YOUR Attention AND Pay Attention TO Detail FOR Success

You need to know the systems and facts of commercial real estate. Focus and attention to detail are key to completing the task in a professional manner. It's what top agents do.

If you think it's easy to get started in the industry, then you should reconsider. A large proportion of listings and commissions go to people who are good at prospecting, marketing, and negotiating. The industry's 'top agents are highly skilled.

There's a lot to learn and do. Commercial real estate agents must strive to improve their Sedona Arizona Homes For Sale self-esteem. To be a "top agent", you must practice and learn. It is important to have a positive outlook and a strong focus.

Our clients can see the inexperience and poor property skills of new agents. This will make it more difficult for the new agent to list or convert listings.

We do not want to be a "marketing experiment" for our clients. They want real results. Practice and self-improvement are very important in this industry. They will make a huge difference in your future.

How to Develop as an Agent

A positive mindset and drive will help you grow in the industry. It is important to understand what the best agents and people are doing right now. This will help you determine what you can do and how much you need to learn. It's a smart idea to learn from the top agent in your market.

Many times, I have encountered salespeople who don't know much about commercial real-estate leasing and sales. This can lead to a lack of knowledge that is significant for potential clients or outsiders who may be looking at listing their property. Prior to putting your skills to use with clients and the market, you need to improve.

Experience Is Valuable

You can gain experience in the commercial realty industry, but it is something you have to do. You need to improve your skills before you can attempt a listing or a deal by yourself. If you are looking to partner with a highly-successful agent, who is also willing to share their knowledge and skills, this is the place.

Here are some key facts to help you focus your learning and practice.

Find out what the market does today and how it is     changing.

Examine the trends in rents or prices for property     types and locations

Find out what the local marketing does for agents     and learn from them.

Get new business leads and listings to help you     determine what your market is offering

So you can be more productive every day, plan your     actions.

Make a personal prospecting/marketing system

 It is an exciting industry in which to work. This industry requires skilled people who know their stuff. Your market share can be built on quality and knowledge.

[bellagioexecutiveplaza]

Get Small Office Space Easily in Arizona

Arizona is among the top 10 best states in the USA to start up a new business. It’s a land of opportunities for small business models or even for entrepreneurs. You can quickly get a Virtual Office Space Arizona or Small Office Space for Rent in the state hassle-free.

You must be excited to kick start a new business and wonder what form of business you can run in the state? Well, read the list below:

Men’s grooming product business  

Moving company

Software training company

Gardening tools business

Tea business

Hygiene product company

Clothing business

Manufacturing or selling Towels business

Furniture Business

Podcast Business

Management consulting business

Event management company

Isn’t it exciting to know such great opportunities you have in Arizona? You have found out what businesses you can trade-in, but the next step is very crucial. You must know what sorts of office space options are suitable for your business? To know further you need to contact the experts. The appropriate property consultant will thoroughly listen to your requirements and, accordingly, will deliver their advice.

Let’s discover together what form of office space you can avail yourself in Arizona:

Executive Office Suites in Arizona

As the name indicates, these office suites are appropriate for businesses with high visits of clients in their office. You may have local or international clientele; the advantage of executive suites will always be in the upper hands.  

Medical Office for Lease

Such office space is ideal for Doctors, Nutritionists, or General Practitioners. The design or structure of such offices is specially built, keeping in mind the needs and requirements of medical experts. Such offices are very close to all local amenities, and your client won’t find it hard to locate your business.

Commercial Office Space for Rent

You are running your business successfully but need a back-end office to accommodate your employees, and your business administrative function can run smoothly. If this is your desire, then commercial office space is the one you must avail. Such an office space concept is ideal and doesn’t hamper your pocket. Options for numerous sitting areas are available; meet an expert in this field, lay down your requirements, and the rest will be their job to hunt for a reliable and appropriate office space for you.  

Small Office Space for Rent

It’s a good business opportunity for the startup. Commencing a new business requires heaps of investment. Most people are not able to cope up with the overhead expenses and give up soon. The availability of small office space is a new light of hope for entrepreneurs or small-scale businesses. They are readily available, and you can hunt them online by entering a keyword small office space for rent near me. Such venues are pocket-friendly if you avail them through an expert property consultant.    

Conclusion

If you want to project a professional image, you should only use experts to design and build your workplace. Officials from Bellagio Executive Plaza are dedicated to working in the real estate industry and are devoted to providing you with the most acceptable choice available when renting office space.