Monthly Archives: March 2017

What Services Do Property Management Companies Offer?

Owning real estate is a wonderful feeling, especially for those who have really toiled for many years to become a property owner. Though it might sound a little materialistic, but a property is actually a mark of someone's hard work. Thus, when a family has to relocate to some other place far from their land or property, due to job commitment or any other reason, it is a natural concern to be worried about the property. Managing the property effectively, without keeping an eye on it regularly, is almost impossible for the landlord. This is exactly when a property owner should start looking for a professional property management company. However, it is good to know what services these property management companies offer before you go ahead and fix a meeting with any agency. This would actually give you a clear idea of ​​what you should expect and ask for while interviewing the property manager.

Basically, these companies deal with flats, villas, independent houses, rental apartments and commercial properties. Once you sign a legal agreement with any of these companies, it actually becomes their responsibility to rent out your property by searching suitable tenants. To look for right tenants, they advertise your property through the local media. The replies that come to the property advertisement are promptly attended by the company. Their expert staff then shows the whole rental property to the prospective tenants. In fact a clear and detailed report is provided to the landlord on all those potential tenants who had come to check out the property. This is to ensure that the landlord makes a right decision. Once the tenants are finalized, then the company would execute a rental agreement.

The responsibility of the company does not end here. They collect monthly rent on the landlord's behalf and deposit it into his bank account. Apart from the timely rent collection, the professionals would also visit the property regularly, in order to make sure that it is efficiently maintained and not harmed by the tenants. Professional photographers are hired to take the photographs of various parts of a property to be sent to the landlord. Though these visits by the property managers are periodical, they are always keen to help tenants if they find anything objectionable.

Also, in case there is a repair work to be done, the company takes care of it by appointing an external contractor to fix the problem areas. Another very important service offered by a property management agency is conducting an inventory audit. It is conducted when a property is rented out to a tenant and when he / she vacates it. The reason for conducting this audit is to make sure that all physical assets of the property are in a good condition. To summarize, the services proffered by a property management company play a pivotal role in reducing the burden of a landlord, owning multiple properties. Therefore when you actually enter into a contract with such a company and you can indeed be totally assured of getting quality services.

Detox Products And Practices

The vast majority of us sooner or later feel that the way we eat comes up short. Our bustling lives don’t leave much space for profound thought of what to have for lunch today or what to look for to cook one week from now’s breakfasts.

On the off chance that we snatch a sandwich here and throw together a fast feast there, we will undoubtedly have the inclination that our stomach related frameworks are not exactly right. The detox business seems to give us an answer for this awkward bind. On the off chance that we take these pills, go on either detox eat less, do the periodic quick or visit the sauna consistently, the poisons we take in from our condition will be dispensed with from our bodies.

However, there are sure strategies that the body uses to dispose of waste matters. The liver separates any hostile matter into stuff that can be wiped out by the kidneys. In the event that the kidneys, liver or some other organs begin to glitch, then detoxification of the body will be less effective. Restorative treatment would be the appropriate response in this circumstance. On the off chance that the organs are working alright, researchers disclose to us that we have no compelling reason to embrace any items or practices to improve the end of waste items.

Drinking a sensible measure of water, a lot of activity and an eating regimen containing products of the soil will help us maintain a strategic distance from the sentiment being over-burden with poisons. There are sustenances that contain substances that have been appeared to be unsafe if taken in abundance. Caffeine and liquor fall into this class so we know to evade them through and through or take them with some restraint. On the off chance that we at times over enjoy these beverages our bodies will kill the destructive components without our going on a quick or take a home grown item.

The dietary supplements and cures that should help us detox are not upheld by logical research. On the off chance that I utilize them I may feel that they are of some advantage or I may not. It is altogether subjective. Promoters of detox items grumble that standard science contrives to dismiss individuals from their items however don’t empower logical review that would demonstrate or discredit their viability.

Why Retail Businesses Fail Part 3: Do You Make This Mistake In Retail?

Lack of Understanding of Target Market

I visited Harrods for research for my books on store design and visual merchandise display. Harrods, for anyone reading this White Paper who might not know this, is the Mecca of retailing. Royalties, A-list celebrities and the 'who-is-who' from around the world fly into London just to shop at Harrods.

You can now imagine my anticipation when I visited Harrods. In my mind everything in Harrods was made of gold. I was disappointed, when I noticed a toy bus I had purchased for my son from ASDA, was also being sold in Harrods. It was exactly the same toy bus, in exactly the same packaging that it is sold in ASDA.

A question popped into my mind, why is it that exactly the same bus, probably manufactured in exactly the same factory in China, is sold in Harrods for twice the price that it is sold for in ASDA?

The answer is decisively simple – ASDA sells a 'toy bus', however, Harrods sells a 'classy toy bus'. There is a difference. This is marketing 101: people buy emotionally but justify their decision logically.
Customers who shop at Harrods do not shop there to buy Harrods' products; they shop at Harrods to buy 'elegance and class'. Harrods sells them class even if it is 'Made in China'.

How does Harrods pull this off? They achieve it with the combination of elegant store design and attractive visual merchandising displays. When you move from one department to the next in Harrods it is like moving from one store to another. Their ability to use their store design to create the illusion of differentiation is one of the keys to Harrods' success. Harrods understand their customers; they know what their customers desire so they design their store and display their products to satisfy the desire of their customers.

Marcus Buckingham, in his book "The First Thing You Need to Know", said when he interviewed Sir Terry Leahy, who transformed Tesco into a global brand, he asked him what was the key to Tesco's successful transformation. Sir Terry Leahy replied that it was asking and answering the simple question: Whom do we serve?

When Tesco figured out whom they were going to serve, they changed their store layout and products to serve their target market. As a result of this change; Tesco increased the number of checkout counters which reduced the amount of time customers spent queuing at the checkouts ultimately resulting in a dramatic increase in Tesco's footfall.

Wal-Mart serves the person who lives: pay check to pay check.

Body Shop serves the ethical consumer.

Waitrose and Holland & Barrett serve the consumer who wants to live longer.

Ann Summers took merchandise that were hidden in secret 'adult' shops; made them trendy and brought them to the High Street. They made a taboo subject acceptable to the mainstream.

If I was to take my significant other clothes shopping at John Lewis she would probably phone my mother to inform her that I was having a nervous breakdown. She would not want to be caught dead in John Lewis' outfit. She describes John Lewis' clothing department as a Bridget Jones museum where they store a collection of Bridget Jones costumes.

However, John Lewis continues to increase profit year after year because John Lewis understands their target market. Someone like my significant other might not want to be caught dead in John Lewis' outfit, but there are people in the UK, who love Bridget Jones' memorabilia, these people are John Lewis' target market, so John Lewis cater for them.

The most successful retailers understand their target market and show their understanding of their target market through their store design and visual merchandising displays.

The retailers that go bust fail to understand this basic marketing concept.

Most book retailers are struggling because they are still using the 1960's business model in the Amazon era. Borders failed because it did not develop its internet business properly and it invested heavily in compact discs when music was going digital. WH Smith only makes money from its airport and train station sales. The rest of its stores are struggling. Waterstone's is also on a downward trend. Sales are down and customer footfall is in steep decline.

Why are bookshops under threat? Amazon! They will all shout. Of course Amazon is the cause because Amazon understands their market better than them. Since it seems Amazon is not going away anytime soon, are all book stores going to close down?

Will WH Smith and Waterstone's close down? Or will they rise to the challenge and modernise their stores? Instead of complaining about Amazon, they need to redefine their target market and redesign their stores to attract their target customers.

On Christmas Eve, I had not done my grocery shopping and was dreading the prospect of entering a supermarket, knowing how packed they were going to be. But as I drove passed my local Lidl store, I noticed it was empty. I rushed in and completed my shopping. As I drove back home a question came to mind; why is it, that even on this day when most supermarkets are typically jam packed to capacity, was Lidl empty?

The answer, in my opinion, is that Lidl does not have a target market. One of their biggest sins was making the decision to force customers to pay for carrier bags. Marks & Spencer can afford to do that because they appeal to a different class of customer.

In Tesco and ASDA, customers who are environmentally conscious have the option of paying for shopping bags. However, those who do not want to pay for carrier bags also have the option of getting free ones.
This is because Tesco and ASDA understand their customers. Lidl's senior management, on the other hand, believed that having implemented a similar strategy in Europe, can introduce the same in the UK. If the Brits do not like it, tough! Well, the Brits are showing their displeasure with their feet.

I have tried to demonstrate with the above examples, that success or failure in retail is the result of the strategies every retailer adopts. Those retailers who understand their target market and cater to them will continue to move from success to greater success, while those who roll the dice and hope that customers show up are the ones who will struggle or go into administration.

I hate to be the one breaking this type of news to the retail industry I guess someone will have to do it: the internet is not going away. This means that retailers are not only competing with one another, they are also competing with factory owners in China whose name they have never heard. Shoppers are now ordering directly from warehouses and distributors, for example an individual can log on to eBay and order a pallet load of goods.

Here is the good news: the majority of people still prefer to shop from physical retail outlets. The question is how does an individual retailer ensure that shoppers are attracted to their store? It can be done by adopting the concept of the "Blue Ocean" strategy.

Adopting the "Blue Ocean" strategy is the only salvation for book, DVD, music and furniture retailers. What is "Blue Ocean" strategy? "Blue Ocean" strategy "is the simultaneous pursuit of differentiation and low cost" which results in the creation of a new market space making the competition irrelevant.

The concept of "Blue Ocean" is practiced by the most successful business organisations whilst struggling businesses pursue what is described as the "Red Ocean" strategy. "Red Ocean" strategy is fighting to compete in the existing market place.

The "Red Ocean" strategy is adopted by many of the book, DVD, music and furniture retailers. They are trying to compete against the internet and it is just not possible. A brick and mortar store can never go head to head with the internet and win. It can never be cheaper that the internet.

However what they need to do in order to drive customer traffic to their stores is become innovative and creative. For example a book store could arrange periodic book signings; of course authors want to sell their books so it is a win-win situation for all parties concerned.

In order for the book signings to be a successful marketing platform for the book stores it would be advisable for retailers to work in collaboration with the publishers from the onset in order for the book signings to be better promoted.

Promotion of the book signings could take various formats such as making effective use of social media sites, local press and captivating signage in and outside the store.

Another idea could be to arrange book clubs for various genres of books this would entice a variety of customers in to the store, these book clubs would also need promoting in a similar way as described for the book signings promotion.

The trick is to be innovative.

Richer Sounds is a classic case of a retailer that has adopted the "Blue Ocean" strategy. They understand that people still prefer to interact with other people. So whilst other electronic retailers focus on price, they focus on excellent customer service and staff product knowledge. Their "Blue Ocean" is excellent customer service and superior product knowledge.

For book, DVD or music retailers to compete in Amazon country, they need a "Blue Ocean" strategy that goes beyond price discount. They need soul. They need understanding of the perception of their target market.

• What do they want?
• What are their hopes and fears?
• What is their perception?

I can order a book or DVD from Amazon and receive it the following day. I can download music instantaneously from iTunes. There are millions of me in the world. What kind of "Blue Ocean" strategy can WH Smith or HMV devise to get me away from my laptop? It takes me half an hour to drive to the town centre, pay for parking, spend another half an hour in WH Smith or HMV and another half an hour to drive back home.

The 64 million dollar question is: What can WH Smith or HMV do to make it worth my while?

Let me give them a clue, I could order my groceries online, however, I choose to go to the supermarket. What is the difference? That is for book, DVD, electronic and furniture retailers to find out. They probably need to visit Starbucks it might just hold the keys to unlocking their creativity.

The only point of differentiation that most retailers know is price reduction. Price reduction is not a business strategy, it is a death wish.

What Are Panchaloha Idols and How Are They Manufactured?

As one of the oldest religions in the world, Hinduism carries a broad set of traditions, rituals and worship. Hinduism in the real sense is a way of righteous living and professes the unity of worship and the concept of a formless divine. But these are abstract concepts for many and the best way to help relate is through images. Over time, this was how the concept of various 'Gods' and 'idol worship' was developed, giving the free choice of worship ultimately to the individual. In this regard, Panchaloha idols play a key role in this regard.

Silpa Shastra is an ancient Hindu text dealing with arts and crafts and contains various design rules and standards. All idols whether stone or of metal have to be sculpted and manufactured according to these rules and prescribed rituals have to be followed both during manufacture and installation in order to obtain the correct benefits. Panchaloha idols are traditional idols of Gods fashioned from an alloy of 5 metals (silver, gold, copper, zinc and iron). The percentages in which these metals are used in the alloy varies between different regions in India.

The idol manufacturing process involves 2 steps. The first is the construction of the mould and the second is the actual creation of the idol. Initially, an image of the deity is created in wax with all the details. This wax is prepared by mixing paraffin wax , resin from the tree Damara Orientalis, and ground nut oil. Since wax produced by this method is quite hard, softer bee's wax of high purity is mixed to make it easier to bring to life finer details.

To create a mould, the wax model is covered in layers of fresh clay and soil and then allowed to dry. Once the clay dries, it is heated to melt the wax and create a hollow mould. The melted Panchaloha metal alloy is then poured slowly into this mould to allow air bubbles to escape. This is then allowed to cool and solidify into the idol or deity. The cooling period varied between a few hours to a few days depending on the size of the statue and is judged based on experience. Finally, the craftsmen break the clay mold starting from the head of the statue to get the preliminary image. This image is then worked on to produce the final product.

The process has remained the same since the time of ancient dynasties like the Chera and the Chola and it is heartening to note that the art continues to thrive in various corners of India even today.

A Career As Restaurant Owner Vs Restaurant Manager

There is a big difference between a career as a restaurant owner and a career as a restaurant manager. Restaurant managers sometimes go on to own their own restaurants, restaurant owners often do a great deal of managerial work and both are heavily invested in the success of the restaurant and involved in its daily operations, but the general similarities end there. The specific roles and responsibilities of a restaurant owner vs. a restaurant manager will be explained in further detail below.

A Career as a Restaurant Owner

Restaurant owners are responsible for overseeing the entire operations of a restaurant, even when they hire someone else to manage it. They make an initial investment and either buys the restaurant from someone else or starts his or her own restaurant. Owners must make additional investments down the line when the restaurant needs new equipment and supplies, or when the business has outgrown its location and needs to move or expand, and they will also be responsible for cleaning up the mess if the business fails. The owner has a vested interest in the success of the restaurant, not just because it's his or her job, but because it's his or her investment, brainchild and often a dream come true. The owner takes the most financial risk, but he or she also gets the biggest payoff if the restaurant is a success.

They vary in their level of responsibility in the kitchen and on the floor. Some owners hire other people to do everything and trust they will make the right decisions, while others are there every day, interacting with customers and staff and taking on managerial duties. Many of them must work long hours every day of the week as they get their business off the ground, but if it becomes a success, they get the opportunity to sit back and relax a bit.

A Career as a Restaurant Manager

They work closely with restaurant owners to ensure that the business runs smoothly. They also have a vested interest in making sure the restaurant is operating at a profit; in fact, this is their primary concern. The manager has pay increases, bonuses and profit shares to entice him or her to succeed, and the fear of losing his or her job to entice him or her to avoid failure. This career requires skills in budgeting, leadership, communication, analysis and planning, as well as a knowledge and appreciation of the culinary arts and customer service.

How to Deal With Difficult Tenants and Situations in Commercial or Retail Property

When it comes to the leasing and management of any commercial or retail property, it is common to come across difficult tenants and or situations from time to time. The levels of difficulty will vary but importantly you should be acting with concise and accurate responses in each and every case.

The document that supports you when tenants and events become difficult will be the lease document. You can add to that the processes of law and local legislation. This then says that the leasing or property management expert for the property should be very familiar with lease interpretation and local property law.

So tenants will become difficult for a number of reasons and at times when you least expect it. Staying close to the issues of tenant occupancy, lease documentation, and property performance will be essential to seeing and identifying property performance issues and lease defaults.

Here are some ideas to deal with difficult tenants and potential situations:

  1. Many property disputes with commercial and retail property stem from the inadequate responses from the landlord or property manager to occupancy issues and maintenance. When something goes wrong in the property of a physical nature, that can have impact on tenants and customers, it is important to control the events and rectify the problem as soon as possible. As part of this there will be elements of risk and liability should anybody be injured. Many landlords and property managers have exposed themselves to greater risk and liability through slow and inappropriate responses to maintenance problems.
  2. When something goes wrong within a property, immediately refer to the terms of the lease and see how any response should be generated. There will be covenants that apply to the landlord and the tenant in most occupancy cases and situations. Take notes of conversations and events as they occur, so that any future disputes and disagreements can be minimised.
  3. If any decisions or instructions are issued from the landlord regards the difficult tenant or existing situation, it pays to respond to the landlord with a receipt of the instructions confirming your actions to be taken. Unfortunately landlords and tenants will argue about what was intended or instructed. The notes that you make today as part of the process will be your major source of protection in the future.
  4. It pays to have a small group of experienced maintenance contractors that can respond to problems quickly and effectively. They should also know how to respond within guidelines that you have set for the property. They will be your eyes and ears should anything more difficult evolve or follow from the property problem.
  5. If you are dealing with a more standard occupancy matter relating to the tenant, and where factors of risk and injury are not physical, then it is likely that the dispute will be centering on matters of occupancy. In most cases it will be the lease document that will be the fall-back for the actions to be taken in the situation. On that basis it will pay you to understand the lease document in great detail; you may need to consult with a solicitor to help you with this knowledge and to assist you with the appropriate legal response. If you are issuing any notices under the terms of lease occupancy and lease documentation, those notices have to be legally correct and suitably detailed. If you make any errors here, you may very well jeopardise the landlord's situation and ability to claim on the tenant.

Every commercial or retail property will have challenges from time to time. A detailed property approach to any disputes and defaults is wise in each and every situation. Understand your lease documentation, the instructions of the landlord, and the laws and legalities that apply.

Basic Guide to Buy Real Estate USA

As the world overall and especially the USA real estate was facing great lose due to economic recession. Although this recession is fading away slowly but it is good for real estate USA because now foreigners are taking interest and making their investment in the real estate market of the United States of America to grab opportunities for their real estate business and profits for their investment. As recovery from economic recession is slow, therefore, foreigners know that on sale real estate, USA is cheap and dollar is not so strong. Therefore, they prefer to buy their properties in the USA, so that after full recovery from economic recession they can get great benefits and profit for their investment. However many foreigner invest in the real estate USA without knowing its laws related to taxes and real estate due to which sometimes they have to face great difficulties. There are many factors, which are creating problems for foreigners during buying and selling of property.

Here are some of them, which any foreigner investor must keep in mind before he/she start his/her business in real estate USA. In the USA it is necessary to documents everything, which you purchase or sell. Even if you are transferring a single dollar, make sure that you have verified that from where this dollar came. When anyone transfers more than 10,000 US dollars, it reported immediately to federal authorities of the United States of America and when these authorities will come to you asking different questions, they will create problems for you. Therefore make sure that you have all legal documents through which you can prove that you have done this transaction legally and according to laws of the USA. In the United States of America, according to Money Laundering Control Act of 1986 and 2001 Patriot Act it is duty of all companies, banks, and brokers that they must report transfer of money, which is over 10,000 US dollars.

Therefore, make sure that you have backup documents like you source of income, you bank account statement, your taxes, which you have paid overseas, account statement of investment and in short, words you can say you have to keep a paper trail. Second important point for foreigners to invest in real estate USA is all cash or finance option. If you are buying any property there through all cash, it will be beneficial for you because you will get many benefits and discounts from sellers in different areas of the USA. Seller prefer to sell their property to those buyers who are dealing in all cash and if you have all cash option you can finalize your deal of real estate very quickly and easily. However, there are also some sellers of real estate USA who sell their properties on finance. If you want to buy on finance then make sure thatHealth Fitness Articles, you first meet anyone who knows very well about the real estate market of the Unites State of America and on finance base selling and purchasing. If you find it beneficial for your investment then you prefer buying through finance instead of all cash option.

The Importance of a Balance Sheet

An individual has two primary tools for managing personal finances. The Personal Balance Sheet is ignored and the Budget is the darling of Financial Consultants and the media. The key to understanding personal finances is that you have to understand your Budget and Balance Sheet individually and also how they work in combination to give you a complete snapshot of your personal finances.

Your balance sheet is extremely important because it shows you where the gold is. It is your personal Fort Knox. It is also extremely important because you need to have a stash of gold in your personal financial picture. The gold in your Balance Sheet is not the Assets. They are the positive side of your Balance Sheet but the real picture of how much gold you have in your Fort Knox is your Net Worth. So just as important to your Balance sheet is your Liabilities. The total of your Liabilities is subtracted from the total of your Assets to give you your Net Worth.

You fill out your Balance Sheet and total up your Assets and Liabilities. You subtract the total of your Liabilities from your Assets. That number, your Net Worth will come out to either a negative amount, an amount of or near to zero, or it will be substantially positive. These are the only 3 scenarios possible.

• If your net worth is a minus number, you are not managing your financial resources properly. Your Balance sheet is your report card and you are failing. It is that simple. If you are managing your money to deal with life's challenges and planning your personal finances with your retirement in mind, your Net Worth should be positive and growing. If your Net Worth is positive, you can ride out financial storms like the current situation. At the time of your retirement, your Net Worth must be substantially positive so that you will be able to keep costs down and have investment income to replace your working income. During your working years, your Net Worth should be growing steadily because a retirement nest egg does not grow without years of nurturing.

• There are circumstances where it is acceptable to have a Net Worth of Zero or near Zero. The first is when you are just starting out. It just makes sense that it would be zero. You may have student loans but that is offset by some form of education that will allow you to make more money in the course of your lifetime. The key is that this is the best time to start building your net worth. It allows the principal of compounding value to work its magic on your assets for decades. That saves you a lot of work later in life. However, most of us are not that wise and we find ourselves in our 30s and 40s with little or no Net Worth. This means you have less time for compounding to work. So you have to work harder and especially manage your money smarter to prepare for the financial challenges you face going forward. The nice thing is that you have probably made some mistakes that have made you much wiser. You should be able to recover much faster than you would have in your undisciplined youth.

• If you have a positive net worth that means that you are building assets. Just as important is that you are controlling your debt. This is the key that has probably gotten you to this situation. The key to a positive Balance Sheet is that debt offsets the value of your assets when you look at your personal finances as a complete picture so your debt / equity ratio should be less than one and get smaller and smaller. Debt servicing saps cash flow on your budget that could be used to build assets that can be used to produce income in your retirement years. Clear title ownership of assets such as your home reduce cash draw and this is incredibly important as you approach retirement.

The financial crisis we are in now is described as a Balance Sheet crisis. We are in this crisis because nobody was paying attention to their Balance Sheets, not even at the towering heights of our financial infrastructure. The symptoms were everywhere. The while researching the I found That the top sites on the internet for Balance Sheet are On Those WHO COMPLETE want to sell you something so they 're That can gain access to any Assets on your balance sheet That Might be left after this disaster. Before the disaster, the only thing that had any importance was whether a potential buyer of anything could afford to make the payments on whatever he was buying assuming he made 120% of his stated income. The most outrageous symptom was that people would take appreciating home equity and borrow against it to buy depreciating assets and consumer goods. They overbooked their budgets and now they have gutted their balance sheet.

The resulting loss of home values ​​is the disaster we have now where people have either a zero or minus Net Worth. The other aspect is that we are now wiser. For the good of our society and our financial infrastructure we had better be. Going forward we must pay attention to our Balance Sheets and recognize that is where the gold is. You must save and protect your gold. Net Worth is where financial power is and that is the Importance of a Balance Sheet.

Commercial Property Management – Checklist for Property Management Handovers

When you take over the management of a commercial or retail property today, the information that you gather from the outgoing property manager or landlord will be critical to the establishment and future success of your property management processes.

Information is Critical

Lack of information in the handover process means problems and potential errors in the future. On that basis you should have a specialised handover process that you can implement on and with the handover of every property type within your local area. A checklist will help your activities as you bring in the new property to the management portfolio.

Here are some ideas to incorporate into your handover checklist:

  1. Get complete and comprehensive details of all leases and licensed occupied areas within the property. You will need to check these against the tenants physically in occupancy and the rental invoices that are raised for tenancy payment. Everything has to cross relate accurately.
  2. Copies of lease documents should be checked against the original documentation. Also look for side agreements for any extension or variance documentation relating to the original lease.
  3. Copies of correspondence relating to existing tenancy matters should be handed to you. Ask for this specifically and drill down on the details of each matter.
  4. Get copies of the current rental invoices and cross reference these to the tenancy schedules for the property. It is not unusual to come across in errors in the tenancy schedule or the rental invoices.
  5. The tenancy schedule should be checked against the actual leases and other occupancy papers and the signed documentation between the landlord and tenant.
  6. Check all outgoings charges and expenses that are applied to the tenancies within the managed property. The charging process should be shown on the rental invoices; you will need to check this amount and the process of recover that is adopted. It is not unusual to see errors in the outgoings recovery with tenants in managed properties. The process of checking will involve you getting copies of the current outgoings budget and the recent outgoings reconciliation.
  7. The arrears that apply to the property and any tenancies should be identified as part of the handover. They are sometimes discharged at the time of settlement, although the question should be raised in case you are taking over the ongoing pursuit of the arrears with any existing tenants. If that is the case you will need copies of all previous correspondence and claims.
  8. Current vacant tenancies within the premises may be the subject of lease negotiation. You will need copies of the lease offers that are or have been made and the status of the existing negotiations.
  9. Details of the maintenance issues within the building will be required. The essential services within the building will be critical maintenance contracts to identify early in the Handover. Any threats to the stability and function of essential services should be identified and addressed immediately. The maintenance contractors for the building will understand the function of the existing plant and machinery; get details of these contractors and then set up meetings as quickly as possible.
  10. Ask about any orders or notices that apply to the property or any part thereof. Check out any encumbrances, rights of way, or easements that apply to property usage.

So these are some of the main items that apply to the property management handover process. There will always be more issues and items to look at although these items listed above are the big ones to immediately get under control.

5 Most Popular Types of Industrial Equipment

There are many forms of industrial equipment used in the workplace. Industrial equipment is usually large and made of materials such as steel and titanium for optimal strength. These machines are often needed to lift and move materials which may possibly weigh thousands of pounds.

A piece of industrial equipment which is not in working order should never be used for any reason. All equipment is inspected at the beginning of everyday to ensure they are in the best condition for workers.

By now, there are a million pieces of industrial equipment racing through your head but the question is, which ones are the most popular and most crucial to the industrial field? Below you will find five types of industrial equipment which are known to be the masters of all machines in the industrial workplace:

1. Bulldozers – Bulldozers are massive machines which are used mostly in the construction and mining industries. Bulldozers have the ability to lift and move vast amounts of dirt and other debris from one place to another. Bulldozers can operate in many conditions including snow, hail and rain. These pieces of equipment are generally used to dig up the ground and provide room for building houses or other types of buildings.

2. Cranes – Cranes are generally used to transport hard, heavy items from one place to another. The arm of the crane is used to swing the object from one place to another and the arm can be adjusted according to how far the materials need to go. Unlike bulldozers, cranes have the ability to transport objects over uneven levels of ground.

3. Excavators – Excavators are engineering vehicles which consist of backhoes and cabs. They are mainly used in the digging of trenches, foundations and holes. They can also be used to destroy objects which are no longer needed for any reason and in which case need to be compressed and condensed.

4. Fork Lifts – Forklifts are warehouse vehicles which are used to lift, hoist and transport extremely heavy items from one place to another. Forklifts are known to be indispensable pieces of equipment in many industrial workplaces.

5. Compressors – Most of the pieces of equipment listed above are used for construction purposes, however compressors are generally used in more of a factory-type setting. Compressors are used to provide high pressures of air or other forms of gases. These devices can be regulated in order to maintain the desired amount of pressure in the tank.

There are many other forms of industrial equipment. Each piece of equipment is designed to perform a specific task which contributes to the overall success in this field of work. Without these forms of equipment many industrial areas would not exist.