pappas realty co: Troppe gets Hands on another Downtown Akron Building --- "Thank Goodness!"
- 06/12/09 04:18 AM
LANDMARK RESCUED Tony Troppe renovating historic Kaiser Building for use as cafe, offices across from Canal Park By Betty Lin-Fisher Beacon Journal staff writer Photo credits (Ed Suba Jr./Akron Beacon Journal) A downtown Akron building whose last owner lost it to foreclosure after a failed attempt to sell it on eBay is getting new life under the eye of historic building renovator Tony Troppe. Plans call for the Kaiser Building, across from Canal Park on South Main Street, to have a cafe or store in two slots on the first floor, offices on the second floor and a mix of offices and … (2 comments)
When considering a project for an Investment property, the first question you need to ask yourself, is simply, "Is this necessary, now?" If the project is not considered dire and the consequences are minimal to nil, then logically in this market, it would seem to make fiscal sense to postpone the project (e.g. - Window replacements, asphalt replacement vs. repair) Secondly, the next aspect to consider is how to recoup the cost of the improvements? Rent Increase? Reduction in amenities? Does the current market or your current rents allow for upside movement? Do you … (2 comments)
By MICHELLE CHAPMAN and J.W. ELPHINSTONE, AP Business Writers In a deal that will create the nation's biggest homebuilder, Pulte Homes Inc. is buying Centex Corp. for $1.3 billion in stock as both companies try to survive the worst real estate recession in a generation. The transaction, which also includes $1.8 billion of debt, will combine Pulte's strength in active-adult and retirement housing with Centex's hefty market share of first-time homebuyers. The acquisition also will give Pulte large tracts of land in Texas and the Carolinas, two of the most resilient … (3 comments)
pappas realty co: At the crossroads...
- 02/14/09 12:05 AM
I 3> this song and will probably always get a release of endorphins when I hear it, I hope by sharing the tune and the video that someone else finds a similar feeling, or simply just enjoys it. Happy Valentines Day!
This song is often rumored to tell the story about a stripper. The stripper statement is simply a misunderstanding. Jack Johnson wrote this song about a young girl named Taylor, hence the title of the song. The song tells the story of three characters. The main character is Taylor, a sweet, young, innocent, lonely little girl, who is … (9 comments)
pappas realty co: Photog Friday
- 02/13/09 05:31 AM
This is a picture of the walkway crossing over Bowery St in downtown akron. You can see the original and the edited version. I used picasa 3 for this and have been enthused with the results now and in the past with Picasas capabilities. I used to utilize Dell, but after a while all the normal services were unavailable and locked down, so HELLO Picasa!
… (12 comments)
pappas realty co: Real Estate the Family Guy Way
- 02/13/09 01:20 AM
Investment Real Estate Improvement Considerations When considering a project for an Investment property, the first question you need to ask yourself, is simply, "Is this necessary, now?" If the project is not considered dire and the consequences are minimal to nil, then logically in this market, it would seem to make fiscal sense to postpone the project (e.g. - Window replacements, asphalt replacement vs. repair) Secondly, the next aspect to consider is how to recoup the cost of the improvements? Rent Increase? Reduction in amenities? Does the current market or your current rents allow for upside movement? Do you offer things … (4 comments)
pappas realty co: Missing your audience?
- 02/09/09 08:50 AM
With the changes in thinking, living and existing that society as a majority has assumed and is currently living. It is amazing to myself and others why so many apartment advertisements and property sellers are utilizing the same messages they were before the economic issues afflicted us. It would seem appropriate to make a seismic shift in the message to strike the chords with the audience!
Communcations firm DMB & B says: "When faced with penny pinching consumers, it helps to shift your ad campaign from messages like ‘luxury' and 'status enhancement' to efficiency and value." It would appear that … (3 comments)
Hulu Continues Ascent, Ranks #6 in Online Video Market Share ~ <To get a better idea of Hulu, go to Youtube and type in a search for "30 rock" and click on one of the episode videos and the first thing that will usually flash is the Hulu Logo... ComScore (SCOR: 11.61, -0.53, -4.4%) , a leader in measuring the digital world, today released October 2008 data from the comScore Video Metrix service, reporting that U.S. Internet users viewed 13.5 billion … (8 comments)
pappas realty co: Apts-for-Sale.com
- 01/25/09 01:03 AM
I have used this site for years and although it, to my knowledge, has never paid a dividend, I enjoy the fact that only apartment complexes are listed on the site. Ultimately, it appears some of the main administrators utilize national listing mediums, such as Wall Street Journal and For Sale listings to compile its list. Again, I reiterate this is a nice organizational tool for Apartment complexes for sale. This site seems to handle ass small as 5-unit up to major portfolio properties (500 units+). http://www.apts-for-sale.com/ubbcgi/ultimatebb.cgi?ubb=get_topic;f=1;t=020591
Upcoming Events Jan 23 - Dirty Rotten Scoundrels Musical Jan 27 - Bob the Builder Live Feb 06 - Zoso: the Ultimate Led Zeppelin Experience Feb 07 - Bye Bye Birdie: The National Tour Feb 17 - Rain - The Beatles Experience -- Not the Activerain experience! lol
NOI stands for NET OPERATING INCOME. To get to NOI, you must first start with the Gross Income (rentals, laundry, etc) minus % for Vacancy which leaves the Adjusted Gross Income. Taking this number, you then apply the operating expenses (i.e. - Management, Maintenance, repairs, utilities, reserves, etc) which leaves you with your Net Operating Income. (i.e.-Income before Mortgage Debt) Below find a brief numerical example... GOI - $100,000 Vacancy - 10% - ($10,000) ADJ GOI - $90,000 OP EXP - ($45,000) NOI - $45,000 Now the rule of thumb throughout the industry (especially in Northeast Ohio) is … (1 comments)
pappas realty co: Chasing Dreams v. Reality Check
- 01/13/09 12:17 AM
Is now the time to chase a dream? Is now the time to buckle down and cement a reputation for yourself in RE? These questions, of course, can only truly be answered by the person contemplating them... We recently added a new agent to our office who is family and most likely the long-term future of the company, in our eyes. Yesterday he sat down separately both with our broker (his uncle, my step-father) and delivered his most difficult pitch to this point, i am sure of that. He is leaving us in 4-6 months to chase down a dream and … (11 comments)
That helps explain why November sales figures were dismal in the Akron area compared with a year ago, according to the latest report from the Akron Area Board of Realtors. Home sales for the month dropped 12.2 percent from the 345 homes sold in November 2007. Sales were down from 419 homes in October. The dollar value of the properties that exchanged hands plunged by a larger percentage, 30.8 percent, to $32.2 million from nearly $46.6 million in November 2007. … (4 comments)
12/19/2008 Online Art Auction City of Akron Recreation Bureau 12/19/2008 Machines at Play Akron Art Museum 12/19/2008 Dreamland: By Neil MacDonald Akron Art Museum 12/19/2008 Heresies: A Retrospective Akron Art Museum 12/19/2008 Kaleidoscope 2008/Art Demo Summit Artspace 12/19/2008 Festival of Lights Cuyahoga Valley National Park Association 12/19/2008 Akron Symphony Holiday Pops City of Green 12/19/2008 Christmas Candlelight Concerts Summit Choral Society 12/19/2008 Sanders Family Christmas Actors' Summit 12/20/2008 Heresies: A Retrospective Akron Art Museum 12/20/2008 Machines at Play Akron Art Museum 12/20/2008 Dreamland: By Neil MacDonald Akron Art Museum 12/20/2008 Kaleidoscope 2008/Art Demo Summit Artspace 12/20/2008 Everday Art Workshop … (0 comments)
pappas realty co: "Cash is King" shout Commercial Agents
- 12/09/08 05:38 AM
Cash is King versus the Battered Commercial Real Estate Market. This is the sentiment from Commercial Real Estate professionals affiliated with CCIM Institute. The liquid position "Cash", tops other investments such as Office Buildings, Apartments, Retail Centers and other commercial properties. According to the survey conducted, this is the first time in 6 quarters that the CCIM Institute rated anything higher then Commercial Real Estate. Cash garnered a 6.7 rating (Out of possible 10), whereas Commercial Real Estate received 6.1, bonds got 4.4 and stocks brought up the rear at 3.4.
The below data is somewhat worrisome from a Commercial … (0 comments)
pappas realty co: The First 60 Days...
- 12/06/08 01:18 AM
Your first 60 days are the most critical. Whether you are a brand new agent or an experienced agent looking to make a "fresh start". These simple ideas might be just what you need to kick off 2009 on the right foot. Beginning to understand the complexities of real estate, absorbing training, seeking practical experience, making financial adjustment, investing in yourself, getting to know your fellow associates, the office routines, the psychology of listing and selling, learning your market, trying to understand financin- and finally handling successes as well as little setbacks. These are just some of the adjustments you … (17 comments)
pappas realty co: FROZEN PIPES ARE FOR STAGE FRIGHTENED SINGERS ONLY!
- 11/24/08 05:09 AM
This winter, No Frozen Pipes!! A single water pipe can easily create thousands of dollars in property damage. The easiest way to prevent this is to have a property that is fully occupied with responsible tenants, all of which have utilities in the tenant's name and heat set above 50 degrees in every unit.
Preventative Maintenance helps! Heat wrap insulated tape on exposed water pipes can help. Also, make sure to use insulated expanding foam to fill any building leaks that allow air or moisture into building or near piping. Avoid Frozen Pipes! According to our property manager standard operating procedures, "A … (2 comments)
pappas realty co: Colbert Nation is Hilarious!
- 11/19/08 02:01 AM
For anyone that loves the Colbert Report, this is one of my favorite installment videos of his 434 part series called, "Better Know a District", which is hilarious... Be CAREFUL... You May Pee yourself a little. The premise of these interviews is to sit down with a respected politician and strive to make as many puns as possible, and as is so often with Stephen Colbert, he succeeds in doing just that.
Enjoy
Just in Case the video does not show up above, just cut and paste the below url......******* http://www.colbertnation.com/the-colbert-report-videos/72021/july-20-2006/better-know-a-district---florida-s-19th---robert-wexler … (2 comments)
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LANDMARK RESCUED Tony Troppe renovating historic Kaiser
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