Who is in charge of utilities payments for commercial real estate?
Is it just the landlord or do brokers also have a say in this with post-leasing services? Is it another department within the structure of a corporate real estate firm?
Question answered by Bostonian In MO
Commercial properties are typically rented out on a "triple net" basis. That means that the tenant is responsible for insurance, property taxes, and maintenance on top of their rent. The tenant is virtually always responsible for their own utilities.
A broker's involvement would only be in placing a suitable tenant for the landlord, and possibly collecting rents and enforcing the terms of the lease on behalf of the landlord. They would have nothing to do with the payment of utilities.
That said, with commercial rentals there are little or no tenant protections in common or legislative law, unlike with residential rentals. It's all down to whatever agreement the landlord and tenant can negotiate, and the contract will stand as agreed in nearly all cases of disputes.
How can i get information about setting up a broker business for telecoms, gas, electric etc.?
What I want to do is setup a broker business finding the best deal for residential houses. I need to know how I can get in contact with these companies so I can get the contracts etc. So I can setup this business any ideas anyone out there? I need contact details so I can contact the different companies of telecom companies, gas and electric etc. Any help would be apreciated.
Question answered by Rosemary P
Why not consider being a distributor for Utility Warehouse, otherwise known as Telecom Plus. They've done all the leg work finding the best deals for their customers, all you have to do is find the customers.
We've used them for over 10 years and their prices are good, which means happy customers. The person who introduced us to their services seems to do quite well from being a distributor.
Just a thought.
What is the max commission a Mortgage Broker can afford to pay a Loan Officer?
And what is the max commision a Branch can afford to pay a Loan Officer? Someone I know says he is on a 90% commision but I think after what the broker has to pay in taxes, operations, etc. there is nothing left. A branch usually pays a percentage to a broker + procesing sometimes for what I understand.
Question answered by NONAME
In the end, it can really never be more than 75%.
Anyone with a 90% plan is not getting a true 90% of the commissions generated, since you are right in that taxes and other costs would exceed 100%. They are either paying their own insurance, or the company is taking a "haircut" before the 90% is actually divvied out.
Employer's side of FICA is 7.65% or something like that. There's rent, phone, utilities, supplies, processing and other overhead that needs to get paid somehow. And, if you want to have a job next month, the employer does need to actually profit enough to justify staying in business.
None of which can be accomplished by paying out a true 90%.
What is the best way to find out what bills you have that are outstanding and/or sent to collection agencies?
I recently received a utility bill from a collection agency for an outstanding balance from an apartment I lived in 7-8 yrs ago. This got me wondering if I have any other outstanding bills. Any suggestions about how to find out who I might owe?
Won't a credit report only show bills that were reported to the credit bureau? Just b/c it's not on my credit report doesn't mean that I don't have outstanding debts, does it? Plus, I did a credit report about 1.5 mo ago and had a score over 700. I didn't see any outstanding debt. Advice?
Question answered by buyhawkeye.com
I am sure the previous poster means well, but do not go to free credit report . com. It is not free. They will try and enroll you into their program. As a Mortgage Broker, the only official website that I am aware of is:
This is run by the three agencies. You are entitled to at least one free report per year per agency. It will answer your questions.
Best of luck
Law about turning on utilities for a home inspection?
We are about to buy a house in California, but the sellers do not want to turn on the water for the home inspection. To prove them wrong, I would like to find the California law stating that they have to turn on utilities. Any idea where to look?
Question answered by misswishiknewitall
Banks will not finance properties without the inspection and they will require a copy of the inspection, so common sense says if they want to sell the property then turn it on! Also, if it is for sale by a Real Estate firm, contact the broker and explain the situation. (I am assuming it must be for sale by owner though) You could ask the bank that you were pre-approved at to contact them about having an inspection done. If you have the extra cash you could contact an attorney specializing in Real Estate transactions. The last thing you could do is find yourself a Buyers Agent, you can go to any local realtor and ask them to represent you in purchasing a home. They can handle most of the problems for you, it does cost, but often times the fees are worked into the selling price (ask for a lower sales price to cover the fees) or the listing agent will split their comission with the buyers agent, so it most likely will cost you nothing or very little. Those are just a few options, I hope one of them will work for you! I live in PA, so I don't know the specific laws, but even if you were to show them a copy it doesn't mean they will listen, the best bet would be to have someone else handle it! Good Luck! ~One more note, please do NOT sign any contracts until they cooperate or if you do, make sure to have a clause stating this agreement is contingent upon a completely sucessful inspection. It sounds suspicious. A small connection fee shouldn't be a problem when they could make thousands selling the house.
How does buying a house affect your credit?
When you go to a mortgage broker to get pre-approved for a certain home loan amount, how much does that lower your credit score? I mean, is it like 3 pts or like 50 or more? And then when you actually get the loan, does it drop again?
Question answered by Etta P
A single inquiry does not adversely effect your score, it's multiple inquiries that may, if done within a short period of time, effect your score. The calculation do allow a consumer to "shop" for best loan products. A mortgage lender, just like an auto lender has certain characteristics within their member number that identifies them. Such as BB is bank, ZZ is utility thus the system knows that if you have 5 BB's you may be shopping for a car loan.
Once you obtain a loan then a trade line will appear on your credit report. New account temporarily lower your score as "too new to rate" typically 90 days or so. Then your score is recalculated including that account. Hope this helps you better understand. But you can visit the website below for the Federal Trade Commission for more information.
How much would you estimate the annual cost of living to be in central New Jersey?
This would be for a simple lifestyle- one bedroom apartment, utilities, food, clothing, phone, internet, cable, basic car, car insurance, gas, car maintenance, computer, pet, gifts, and a one-week basic vacation. You can provide an estimate both with, and without, a basic health insurance plan premium.
I am just trying to figure out about how much it would cost to live in this area. Thank you for your advice.
Question answered by Miron
It really depends on which part of the state. Prices are very affordable in some areas and very expensive in others. Miron Properties is a New Jersey Real Estate Broker that can help with all your New Jersey real estate needs. We have agents dedicated to negotiating the best price for New Jersey real estate listings. Visit us online at http://www.mironproperties.com/NJ/ and good luck with the move!
I am examining travel-nursing as a career. How best to do it, without using a broker to find the contracts.?
Most brokers only pay the nurse 40%-50% of the contract dollar. I would rather do the work of getting the contract, but have questions as to how to get started. I would appreciate any insights from people already doing any variation of this approach.
Question answered by Carla S
I have traveled professionally for agencies for 20 years. I have also traveled as a consultant .When working directly with patients I ALWAYS used brokers/Nursing Travel agencies . Here's what they do so carefully understand why they take 50% . They negotiated and settled my contract and got me 30% more in wages than the companies would pay consultants.
They did everything from setting up my contracts and making sure they were totally followed thru with by the hospital. They rented my housing, paid and set up utilities, paid all security deposits, paid for insurance and rental cars, paid all my health insurance, dental/life/short term disability/health insurance.
They also assured I was paid a food allowance weekly, got my proper CME's which they paid for. I had my license taken care of prior to entering the door by the agency as well. They are actually great to work for! Travel agencies (which are reputable) make traveling jobs a pleasure.
I have had reputable hospitals forget to pay me, fail to follow through on contracts when I was working as a Consultant. Yet I have never been subject to any of those hassles when working for an agency.
Think long and hard about whether you can afford to do all that or if your time is worth more working clinically. The agencies proved to me that my time was much better spent doing my clinical thing than brokering my services. I also made more money and used my skills assisting patients rather than fighting through the red tape of contracted staffing by using an agency.
You will love the opportunities travel nursing gives you! Good luck and happy traveling!
How much should I spend on my first home?
I stay in NY now but in a couple months I will move to Columbia for a new job. I don't want to keep renting apartments, so I want to buy my own home. Right now, I pay 1250 + utilities, cable and internet in my apt. Since I will be making the same, I think I would be comfortable spending that amount for a mortgage. What price range should I look at when searching for my new home?
Question answered by dekkerman2002
Hi Julia, a bank or mortgage broker is the only one who can truthfully answer your question. Different cities have different costs of living. It might not be about how much you CAN pay, it will be determined on how much debt you have, credit worthiness, type of property, etc. Go to mortgage sites on the internet and play around with their housing calculators, they can give you a little bit of an idea of what you can afford. But even then, it comes down to what interest rate you will have to pay as well. Good luck!
Can I set a limit price at which to sell my company-direct stock?
I purchase stock directly from a utility company. The purchases are made roughly on the 1st or 14th of each month. When I decide to sell this stock, am I at the mercy of the stock's price on the particular day the transaction goes thru? Is there any way to set a limit price?
Enough with you dumba$$e$ referring me to other sites. If you don't know the answer yourself, don't respond.
Question answered by Net Advisor™
Sounds like you have a DPP - Direct Purchase Program? Unless you work for the company and buying the stock at a discount from the market price, this is generally not a good idea.
The problem is if you are buying the stock under DPP and NOT at an employee discount such as under ESOP - Employee Stock Ownership Plan you are at the mercy of the company when you buy and when you sell. You cannot set limit orders, or day market orders. All of the transactions are at the CLOSING price for the stock on the buy and sell.
So, you place the order during market hours, and cross your fingers that the stock didn't tank on you at the close.
I reported the other poster's spam answer for ya.
The only prob with taking delivery of a stock is that you may be waiting weeks, or a month or more to get physical shares. There will be a cost to do this from the company and definitely from the transfer agent, the one who produces the registered certificate. The transfer agent will typically cost at least $45.
Then you will have to open a brokerage account, get approved, all taking days more, and then they will want to verify the certificate. You will have to get a medallion stamp on the original certificate BEFORE the broker accepts the certificate(s). This may cost more money, unless you have a bank or broker that will do this for you for free.
What is a medallion stamp?
Unless the broker is local and you can take the cert to them, you will have to mail it. Suggest "registered mail" and get insurance.
Then you will have to wait for the (certificate) mail to get there and the (on-line) broker to process it with the millions of other mail they get each week. This will take days more time, and the firm will still want to verify the certificate, which can take several more weeks.
All the time your stock could be doing anything.
I have done this for many people in my career, and despite the thmbs dn, this is how it works. It will work faster if you have a dedicated personal broker, verses just an on-line account.
I guarantee that this processing of taking a certificate for delivery and depositing it into a broker account will take time and create frustration. I have never done a transaction like this where it is not held up somewhere.