Emerson Property Management

Emerson Property Management

I just started, so I am still cheap,  so let me manage you property, and lets grow together!

I can manage your properties from North Texas, DFW area, and East Texas, and specifically if they are adjacent to these following cities: Longview, Tyler, Canton, Terrell, Forney, Dallas, Arlington, Fort Worth, Grand Prairie, Mesquite, Richardson, Plano, Allen, McKinney, Cedar Hill, Desoto, Corsicana, Waco, Ennis, Sunnyvale, Rockwall, Greenville, Royce, Caddo Mills, Mabank, Gun Barrel, Kemp, Crandall, Lancaster, Willie, Sachse, Irving.

The best part is I only charge 8% for managing your properties. All others ask for 12% or more, so try me and I will bring my best to protect your investment.

Call me at: 978 861 2398

Reason Why You Need to Invest in Rental Properties

This is the advantages of rental investment:

  • cash flow- is money you get after all expense, mortgage etc are deducted
  • passive income-
  • has good tax perks
  • help people have a home
  • retirement
  • appreciation of property
  • get tax free income*

Reasons for buying rental business(single family or multifamily homes)

  • real estate is cheap
  • renter pays for you investment
  • another source of income
  • tax breaks
  • use banks to fund your investments
  • grow more properties from your rental properties

According to investopedia these are the features of a profitable rental investment.

  • good cashflow
  • good condition of the physical property
  • location
  • school
  • natural disaster- so need to have good insurance
  • rent- is able to pay for the mortgage, tax, insurance, repairs and give passive income
  • vacancy rate is low
  • building permits and future developments- because development will drive the value of your property higher.
  • amenities-
  • job market- if there is growth vacancy rate is lower and drives rents higher
  • crime- drives rent lower\
  • neighborhood
  • location

Problems you will encounter when buying rental properties

  • tenant issues- non paying tenant
  • TTT toilet tenant trash
  • making the repairs
  • collecting rent
  • calls at middle of night
  • evictions
  • tenant screening
  • keeping your property safe
  • maintenance
  • property management
  • keeping with the finances
  • financing the investment

Deal is:

  • Equity participation (cash flow and appreciation) 10%
  • preferred rate of return 10%
  • Asset management fees (property management)
  • Acquisition fee: finders fee and syndication 10k
  • cash flow split equally
  • tax free refinance within 5 years to return investors money.

Steps in syndication https://www.reiclub.com/articles/20-step-real-estate-investing-syndication-process

Property Management

 

Emerson Guleng
PO BOX 850888
Mesquite, TX 75185-0888

Telephone: (972) 861 2398

 

Property Management covering Dallas, Mesquite, Garland, Richardson, Rockwall Forney, Tyler, Terrel and Longview.

If you have a house that needs a property management I can do that I will manage it for 8% , and I will do my best to manage your property the best I can together with my properties.

Please call me and I will discuss details. Thanks.

Real Estate Investment Tax Incentives

Since Tax season has started and coming to end, and since I have time to write this. I just want to share these tax perks you can get when you invest in real estate, sometimes tax preparers tend to forget to add this, all you have to do is prepare the following and your tax preparer will be happy to port this in so you can get tax the tax perks:

1. Interest Paid to your mortgage company- this can be found in your year end statement from your mortgage company, and usually this get sent to your address.

2. HOA fees or Management fees – if your real estate investment is managed by a property manager you can deduct that to your income as well as HOA fees.

3. Depreciation – this is one thing you need to add, your investment depreciates overtime and you can deduct that to your yearend income when you file your taxes.

4. Improvements- I dont know how this works but you can add this to the value of your property and I think this gets deducted also by using depreciation. This also include repair and rehab costs.

5. Green upgrade credits – like installing solar panels and green upgrades.

6. Insurance cost and taxes paid for the property are also tax deductible.

7. Tax deferred perks like

8. Local Travel –

9. Home Office-

10. Employee and independent contractors

11. Casualty and theft loses

12. Legal and professional services

13. 1031 exchange

14. Short Term vs Long Term Tax in real estate when selling.

 

so far this is the items i used to to lower my taxes and as well let me get a fat tax refund- and thats sweet!

PhilAm Negosyo in the US of America

these are the negosyo(business) I know from people here in Dallas TX and people I know:

1. Home Health

2. filipino restaurant and buffet.

3. Staffing Agency for RNs

4. Home Care

5. Non Emergent Ambulance or Taxi for elderly and sick people

6. Personal Assistance Service (PAS)

7. Medical Billing

8. Cleaning Service- cleaning offices

9. Taxi Service or Chauferr Service using Uber app

 

 

 

Hospital Shares of Stocks

I’m just wondering how much do a doctor need to come up to own a share of stock or to be a partner in a hospital or surgery centers.




What the Bible Can Teach You About Investing Today

http://finance.yahoo.com/blogs/breakout/bible-teach-investing-today-132404878.html

Ron Blue has an investment philosophy you don’t hear very often these days. Specifically, the Founder and Managing Director of Kingdom Advisors says the old proverbs found in the Bible hold the keys to today’s investment success.

Blue began reading and studying the bible only after becoming well-versed in the tenets of financial reporting as a Certified Public Accountant. What surprised him was the degree to which doing either effectively came down to the same basic rules. Blue recently came on Breakout to share some of these proverbs and how their meanings apply to investors of any faith.

1) Establish Written Financial Goals

“The plans of the diligent lead to profit as surely as haste leads to poverty.” -Proverbs 21:5

Write down your end target then determine your steps towards getting there. A little bit at a time, all of the time, is a wiser plan than taken frantic all-or-nothing shots.

2) Save and Invest Before You Spend

“Put your outdoor work in order and get your fields ready; after that, build your house.” -Proverbs 24:27

As Blue puts it, “don’t spend in the short-term because you won’t have it in the long-term.”

3) Keep a Long Term Perspective

“Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it?” -Luke 14:28

In other words, know what you need to set aside to reach your savings goals. Your time frame is going to vary depending what your personal goals. Saving for college may be a 15-year strategy while retirement planning could involve more than 40 years. The runs are different depending on the size of your intended tower.

4) Diversify Your Portfolio

“Divide your portion to seven, or even eight, for you do not know what misfortune may occur on the earth.” -Ecclesiastes 11:2

Even when Ecclesiastes was written 2,500 years ago people needed to have diversification. Blue suggests not just a range of stocks but assets: some venture capital, stocks, bonds and real estate for example, though readers needs may vary. The goal isn’t eliminating failures but anticipating them by having an assortment of investments.

5) Do Not Take on More Risk Than You Can Afford

“I have seen a grievous evil under the sun; wealth hoarded to the harm of its owners.” -Ecclesiastes 5:13

If something sounds too good to be true, it probably is. Nobody knows where the stock market is going to go, says Blue. There is no free lunch. As Blue puts it, “You can’t be guaranteed of returns, and if you’re trying to get that you’re probably taking more risk than you should.”

Do you believe the Bible can help your investing success? Let us know your thoughts on our

Jollibee Foods Corporation

Stock Symbol of Jollibee in in PSE: JFC, in the US the symbol is JBFCF. Not all online traders in the US trade Jollibee the ones that I know who trade them are Scottrade and TDAmeritrade.

Jolllibee has branches in all over the Philippines and in Brunei, Hong Kong, Indonesia, UAE, Saudi Arabia, Taiwan, Vietnam, China, United States of America and Qatar.

As of December, Jollibee Foods Corporation has a total of 2001 stores worldwide.

 

Kohl’s Shopping

At Kohl’s Department Store

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All are on sale this Christmas!



Stack House

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Stack House along Gaston Ave, Dallas, TX near Baylor University Medical Center,just across my apartment.

Wifey me and baby Angel went to grab something to eat… And was amazed at what they have done to make this nice ambient high ceiling and spacious burger sandwich bar joint, I like the art and design of the store, they have a balcony where you can hang out.

Wifey ordered a Portobello Sandwich and fries the taste was great fresh and natural, I like it…

I got the burger without cheese it’s also great… The bread is soft and soft to chew while the meat is never dry, the lettuce is fresh and crunchy though on top of warm beef, I think this is the best replacement of Metro Diner who closed their doors recently, but Metro Diner is not at par to Stack House. I would say way better than In and Out Burger, it’s just like your favorite homemade burger.



Aldi Grocery Store

Aldi Grocery is great place to go if you son’t want to spend a lot. Items are cheap and still comparable to popular store brands.



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and I buy At Aldi grocery my favorite Begian Creme Puffs for $4 compared to $10 at sams or costco…