Month: October 2019

The Difference Between Riads And Villa Rental In Marrakech

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While Casablanca is said to be one of the cities in Morocco with a lot of five-star hotels, Marrakech is not lagging behind. It also has for its name a set of accredited five-star hotels. A stay in this city is more than just booking for hotel rooms. You could also enjoy a vast number of Riads in Marrakech where your entire family could have protection and a luxurious time. Villa rental in Marrakech is also possible. Here are some points of differences between these two options.

Exterior. Looking from the outside of these two wonderful housing opportunities in the city, you could get to see the differences. Villas in the place are usually of traditional and historical style while Riads in Marrakech are more modernized. Both facades are inviting though and you could definitely bring your entire family just by seeing the lot that could accommodate your needs. As travelers, you have to consider your safety as well. Both places are safeguarded for your own comfort and protection with their very high fences.

Receiving Area. Villa rental in Marrakech will provide you with a living room where you and your family could have a good time. The same happens with the Riads in Marrakech. Just like the exteriors of the two though, there are also comparisons. Riads are well-lit while villas are not provided much of the lighting effects. Both have their own fireplaces where you could enjoy the warmth of the evening which you could not under the cold breeze.

Bedroom. Villa rental in Marrakech will give you rooms where you could take a nap or get a good nights sleep. Compared to Riads in the place though, the former is narrower. If you are an entire family taking the trip, you have to rent more rooms which your children could occupy. Riads in Marrakech could give you a better option since there are wider spots where you could just relax and have a good time. Taking advantage of the room provisions for both sites, you have to make sure that the places you will occupy could accommodate your entire group.

Other Ameneties. More modern as it is, Riads in Marrakech have a lot of other facilities which you could enjoy privately. Rather than sharing it with other occupants, you are given the chance to exclusively utilize all the amenities. For Villa rental in Marrakech, you have to share some portions with other individuals. Since it is more of the traditional type, you have to enjoy luxuries outdoors.

To give you a better idea of what Villa rental and Riads in Marrakech are, you also need to regard history. Villa rental is more of a tradition embraced by a lot of countries already. To lead the lot of hotel accommodations in the globe, the Moroccans were wise enough to transcend into different features. This is where the concept of Riads enters. They are definitely more luxurious than any other hotel reservations you could get. Both, however, are more than just a place where you could sleep and relax. They are considered your own homes as well.

Ten Tips for buying Rental Properties

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Buying rental properties is a good way to increase your assets. However, choosing the right rental property will be challenging. Here are a few things to check for prior to buying rental property.

1. Location – Most people don’t want to live in the boon docks. The location of your rental property will determine how easy it will be to rent. If you have a lot of vehicle traffic, you may receive a greater response from a sign at the location than you will from a newspaper add.

Tenants want to live in nice neighborhoods close to all the amenities. They want to be close to the schools, stores, recreational locations, hospitals, and work.

I haven’t met anyone who wants to live in an undesirable neighborhood or drive 15 minutes for a gallon of milk.

2. Numbers – When buying rental property you want to check the numbers. Make sure you have all the expenses associated with that property and make sure it still has a positive cash flow.

Take into consideration the maintenance issues, any utilities not covered by tenant and amortize the cost of the big projects like furnace replacement, new roofing, siding or landscaping.

These projects only happen once every 15-20 years but you may be coming in to this in the 10th year of that cycle. Remember to calculate your expenses high and your income low. This can save you some surprises down the road.

Expect the unit to be empty at least one month per year due to turn over. You will have to repaint and clean the carpets the first 2 weeks, then advertise and show the next 2 weeks. You should only count on 11 months of rent per year.

3. Lower Maintenance Buildings – You want to avoid homes that will require expensive routine maintenance. Some examples would be homes that have cedar-shake shingles or siding, wood sided buildings, wood frame windows, brick driveways, cedar decks, etc.

Try to look down the road and determine the future maintenance needs. Remember the lower the maintenance the less headaches and larger profits.

4. Higher Home Prices – Check in towns with higher home prices, because this increases the demand for rental property. Look for the ugly house on the block that has a lower price, enabling you to purchase within the margins.

After some interior and exterior paint, a little light landscaping and new curtains, viola’, a house that will get premium rent because of the class of neighborhood.

If people can not afford to buy a home in this class they will have to rent. This will create a demand for rental property.

5. Below Market Rent prices – When buying rental property, look for rental property which has rent prices that are below current market rents. This will allow you to raise the rent and increase the value of the property. As per above, this may just need a little fluff to enable raising the rental price.

Rental property market value is determined by the amount of income received by the rental property. However keep in mind, if the rental property has renters when you purchase it, they may not like it when you raise the rent. Also check to see what type of lease is in place. The lease goes with the sale.

Rent A Car With Your Prepaid Debit Card

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It is more convenient to rent a car when taking a vacation or traveling to a new place. Most rent-a -car companies accept a credit card for payment. However, what if you don’t own a credit card? Is there another way to pay the rent-a-car company aside from using cash?

The truth is, prepaid debit cards can be used for car rentals. Below are practical tips on how you can use a prepaid debit card for renting:

Explore your options. Some auto rental companies impose more restrictions than others. By doing your own research, you can find a company that has more lenient policies to non-credit-cardholders. It is to be expected that each branches of the same company has different sets of requirements and rules. The best way to know your options is to call up the company and make inquiries.

Be prepared to wait in line. While paying with a credit card allows instant approval, using a debit prepaid card can mean more waiting time. A credit check may be required and you will be subjected through verification procedures such as checking your ID, driver’s license, auto insurance etc. Be sure to allow some time when arriving or leaving your destination. You don’t want to miss a flight just because you had to stand in line at the car rental counter.

Load up your debit account. See to it that you have sufficient funds in your account. Aside from the cost of the rent, you will need to make a certain amount of deposit ($200 to $500) linked to your checking or savings account. This is known as the “hold” or a “block”. Take note that you will not have access to that portion of your account for 24 hours to 14 days, depending on the car rental company.

Visa or MasterCard. Most merchants who accept prepaid debit card payments require either a Visa or MasterCard logo. If your debit card is not supported by any of these two leading credit card processors, you may have a hard time finding a car rental company who will accept your transaction.

Check your credit rating. Rental car companies usually do a credit check before approving a renter. This is especially true if you do not have a credit card. This will give the company the impression that the reason why you don’t have a credit card is because you have bad credit history.

Since a car is valuable and an expensive property, rental companies will make sure that they are dealing with a trust-worthy customer. If you have bad credit or a poor score, you can get rejected. You can ask a friend or family member with good credit to rent the car and accompany you to the trip.

Prepare necessary documents. Be prepared to submit supporting documents such as a utility bill, proof of auto insurance, return airline ticket, itinerary, driver’s license, and valid IDs. The names and signatures on the documents presented must match with the name and signature on your debit card.

Copyright (c) 2009 Tara Tiemann

The Wrong Vacation Rental Can Ruin Your Holidays

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For most people, vacations are the best part of life. They are the one time when you can get to relax and forget about the world. However, all that can be easily ruined if you go for the wrong vacation rentals, which may include illegal, disappointing, or non existent rentals.

Many people have complained about illegal vacation rentals in Hawaii. You can recognize these illegal rentals just by seeing their price: They are unbelievably cheap. Of course, if you go for an illegal rental you will not be able to claim a refund if the rental is not what they have promised.

You are practically entitled to nothing if you choose to go for illegal rentals. If someone breaks into the house and steals your stuff, you will not be able to claim for that either. Illegal rentals may seem like a bargain, but in the end, they cost you a lot more that legal vacation rentals.

In addition, when searching for a vacation rental you could be victim of a scam. Some real state companies make you sign a contract, which you should read carefully. If the contract does not count with a clause, the company can rent you a house that looks nothing like its description, and you will not be able to do anything about it.

A lot of people who were scam victims tell us stories about how they paid thousands of dollars for a beautiful oceanfront vacation rental, and ended up with a filthy house right next to a construction site. Most rental companies do not offer a refund, so be sure to read the fine print before signing the dotted line.

Some other tourists complained of finding roaches on the vacation rental house they chose. Many vacation rentals are also scams to get you to assist to a time share presentation, and to try to get you to buy one of their properties. Of course, if you don’t, things can get really nasty.

Whenever you go for a vacation rental overseas, you have to be extra careful. Location is everything, and since you are going to a country you do not know, you should do some research. Many people end up at places that overview slams.

Some experts believe that a great way of avoiding disappointment when it comes to vacation rentals is staying away from rental companies whose websites are poorly developed. Also, if you are required too much information upfront, that could be a sign that you are in for a scam.

Do not sign your contract on a hurry; take the time to read it carefully. Try to find online reviews on the house rental you have chosen, and also be suspicious if the company does not want to disclose important information on the rental until you have paid. Keep your eyes open to avoid a scam.

Things that make property rental profitable

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Property rental is one of the most profitable businesses nowadays especially if you are in Boston. To become a successful property owner, listed below are some things one should keep in mind.

The moment you decide to invest in real estate and buy a property for rental, you are bound to do a lot of work. As a first time real estate investor, you may find these tasks discouraging. However, if you were to look at the rising rental rates especially on rentals for luxury apartments Boston people are charging, you would definitely do the tasks as soon as you can. Below are some of those tasks you must do.

Do your homework even though there are many real estate agents available to help you in all your needs in purchasing a property, it is important that you will do your own research at first. There will be a tendency that you will be pressured with your agent and before you knew it, you had purchased a property that does not fit your need or want. When finding a property to buy, you must consider many things including the following:

* Price it is important that you will look for a property that is within your investment range.
* Neighborhoods quality neighborhoods influence the type of tenant you want to cater to. Obviously, wealthier neighborhoods will bring you better quality tenants, however properties in these areas are often very expensive and tenants have a tendency of being very demanding as to the quality and neatness of their building.
* Property Taxes be very aware of how much you will be losing due to taxes.
* Schools consider buying a property near quality schools if you want to attract families.
* Crime properties in a low crime rate area are highly desired, as they will attract better tenants and also lower your insurance costs.
* Jobs make sure your property is in a place with growing employment opportunities, rather than in an area where businesses are closing down every day.
* Surrounding amenities — it is important that there are parks, malls, gyms, theaters, and other attractions located within close proximity to the property you think of buying.

Get more information ask renters and owners in the area. Visiting the area in different hours of the day and on different days will give you the idea as to how the place would be like most of the time.

The type of property for beginners investing in a residential property like apartments or a condominium is usually the best option.

Finding a good rental property requires a lot of work. However, if you done all of it, you definitely have the potential to be one of those high earning apartments for rent Boston property owners.