Hyannis Home Improvement Contractor Expands to Include Residential Property Management Toby Leary Fine Woodworking adds high end property care division and hires a new manager to oversee the department.

Toby Leary Fine Woodworking will now include a residential property management division known as Toby Leary Property Management. Along with the new department, manager Patrick Callaghan has been hired to supervise the division.
Many properties around the Cape Cod area are vacant in the fall and winter, while homeowners live some distance away. “We want to offer peace of mind to area homeowners, assuring them that their investment is in good hands, while they are away,” says Toby Leary, owner of Toby Leary Fine Woodworking.
Toby Leary Property Management will make sure property is well maintained, safe and ready for a homeowner’s arrival. Their services range from supervising landscaping needs, pool maintenance, event preparation, home improvement repairs and being listed as an emergency contact for alarm calls.
“Hiring Patrick to supervise the property management division will allow us to bolster the department while he crafts our services to suit the needs of homeowners around Cape Cod,” says Toby.
Patrick will manage the fine property care division as well as drive sales of custom interior building projects. His 20 years of experience include project management for Stonhard's polymer floor group in Massachusetts, award winning business development in NYC for ADP's retirement and benefits division, establishing High Tech Consulting, a property development company for land and investment property, and commercial account lending for Wachovia Bank.
Most notably Mr. Callaghan has worked with Absolut Spirits, Sunbeam Bread, Loews Hotels, Handy & Harmon, Nutramax, Web MD, Cape Cod Potato Chips, Marquis Jet Partners, Turkish Airlines, Ewing Partners and Connecticut Closets.
Patrick graduated with a degree in International Studies and Economics from Iona College. “In my experience, listening to people is the surest way to make a sale and listening to clients is the surest way to build a relationship,” says Patrick. Patrick and Carolina his wife, their 3 beautiful girls, enjoy Sunday Mass and brunch together, games of charades, Charoodles, baking cookies, the Beach and singing loudly for all to hear.
“I am interested in developing streamlined methods to maintain high-end property and make off-season improvements while preparing property for your arrival,” says Patrick. “We want to be the point person for all your maintenance needs while caring for your property.”
Toby Leary offers design, production and residential building and remodeling services.
For more information about this company, call (774) 836-5571, or visit their website at http://www.tobyleary.com.
About Toby Leary Fine Woodworking
Toby Leary Fine Woodworking is a full-service design, construction and building company specializing in high-end finish trim and custom casework. Established in 2003 by Toby Leary, the business has grown and is now operating out of an 11,000 square-foot facility at its headquarters in Hyannis, MA. Toby Leary Fine Woodworking is the area’s direct source for fine architectural and woodworking services. The staff includes designers, construction supervisors, custom furniture and cabinet makers, and highly skilled finish-trim carpenters. They have an A+ rating with the BBB and serve Martha’s Vineyard, Hingham, Osterville, Cohasset, Weston, Wellesley, Newton, Wayland and Chatham.

MRI Software Announces Release of Property Management 4.5

Focusing on a user-friendly interface and harnessing the power of web-based applications, MRI 4.5 is now available. 

 

MRI Software announced today the availability of MRI Property Management 4.5, the most recent release of the company’s award-winning property management software. With its MRI 4.5 release, the company makes available additional modules in the MRI Web environment, new feature enhancements to MRI Budgeting & Forecasting, Resident Connect, and Tenant Connect, usability improvements that include multi-tasking abilities inside the web-based interface, and numerous updates and fixes.
The 4.5 platform focuses on the customer experience, with increased functionality and usability inside the highly configurable property management system. With a heavy emphasis on the Property Management Web interface, MRI has added several products to its browser-based system: JobCost, a development and construction accounting application that enables the tracking of real estate projects as they progress through the project life cycle; Purchase Order, a critical piece of accounting functionality that allows clients to efficiently enter, print, approve, and invoice purchase orders; Enterprise General Ledger, a system designed to support the most sophisticated corporate consolidated and portfolio accounting requirements.
“MRI recognizes the growing importance of mobility-enabling web functionality. We are excited to add new modules to our user-friendly web environment that empower clients to access their MRI information in an intuitive, browser-based interface,” said David Post, CEO of MRI Software. “We are dedicated to continually improving our highly configurable, award-winning suite of property management solutions, and are confident that our customers will appreciate the enhancements our 4.5 release will bring them.”
For the multifamily market, MRI’s award-winning Residential Management product received several updates, including improved reconciliations capability for check scan batches, enhancements to the DHCR leasing and renewing process, and auto non-cash credit applies for Web. MRI Resident Connect, the powerful online portal that enables residents to manage their accounts online, directly submit service requests, pay rent, and even renew their lease electronically, has been integrated with RentPayment to allow for resident credit card transactions. These enhancements further illustrate MRI’s commitment to the Multifamily industry, as these products create the most robust end-to-end resident life cycle solution in the market.
In the commercial market, MRI’s award-winning Commercial Management solution received multiple updates, including the introduction of batch entry shortcut keys, improved data entry capabilities, and security enhancements to MRI Tenant Connect, the secure tenant portal where commercial clients can make payments, enter sales data, review account status, and initiate service requests. In addition, MRI’s Budgeting & Forecasting solution now includes integrated recoveries functionality, CPI calculations and estimates, further integration to LeaseFlow, and column-style comparative budget reports.
Lastly, the 4.5 release featured several international enhancements to support the global markets, including, but not limited to, Accounts Payable International EFT framework, EMEA service charge enhancement, and country pack updates for China, Australia, and New Zealand.
For more information on MRI Property Management 4.5, click here.
About MRI Software
MRI offers property management software solutions to the global real estate management and investment industries. As a leading provider of real estate enterprise software applications and hosted solutions, MRI serves the global multifamily and commercial property industries, helping them improve their bottom line and maximize their returns on their diverse business portfolios. MRI leverages its more than 40 years in business to develop long-term successful relationships with its clients. For more information, please visit our website.

Property management firm to open satellite office in Greensboro

GREENSBORO — Park Avenue Properties, a Cornelius, N.C.-based property management firm, announced Wednesday that it would be opening five satellite offices, including one in Greensboro.
The other offices will open in Raleigh, Memphis, Charleston and Greenville, S.C. The company plans to develop operations in these markets driven by demand for residential rental property, according to a press release.

The new offices will primarily serve as meeting venues for clients and property managers in the individual markets. Day-to-day operations will continue in Cornelius.

Interest in real estate is seen growing

By Nikos Roussanoglou
Chinese and Russian investors are showing increased interest in acquiring properties in Greece, mostly in Athens, as well as the islands of Rhodes, Crete and Corfu, according to a report by real estate agency Danos & Associates-BNP Paribas on the course of the property market in the first six months of the year.
The Chinese and the Russians are motivated by the legal clause offering them a five-year residence permit if they invest at least 250,000 euros in the Greek property market. Yet Danos & Associates also records a recently increased interest on the part of British buyers, who are focusing their attention on the Cyclades islands and Corfu.
Home buyers have a wide variety of options to choose from as the existing stock is particularly big, while expectations of a stabilization of the market this year have not materialized: House prices dropped by another 11.5 percent in the first half of the year, bringing the total decline over the last three years to an average of 28.7 percent.
The report showed that Greece’s political stability along with the price drop have increased the appetite of foreign buyers, but it adds that for that interest to turn into acquisitions, the government will need to continue with its reforms program.

Slowdown in real estate forces builders to cut prices and dole out freebies

NEW DELHI: There are no takers for close to 6 lakh homes in the country, forcing builders to cut prices and dole out freebies, which many hope will herald the much-awaited correction in the home market ahead of the festival season.

With the economy in a mess, the rupee caught in a whirlwind and the job scene deteriorating by the day, buyers are shying away from the market, leaving builders to grapple with an inventory of over 700 million sq ft. By end of June 2013, cumulative nationwide unsold inventory was 670 million sq ft, up 54 million sq ft in just one quarter, says property research firm Liases Foras.

According to the National Housing Bank's (NHB) residential housing index, Residex, 22 of the 26 cities it tracks have seen a decline in home prices in the April to June quarter. Prices are expected to fall further, says NHB Chairman RV Verma. "Developers are now willing to take a haircut on their margins," he says.

There are signs the bubble will finally burst. A 1,100 sq ft apartment in Noida Extension that cost around Rs 42 lakh a few months ago can today be bought for around Rs 37 lakh, as the builder is agreeing to a 10% discount.

Across town near Gurgaon's Dwarka Manesar Expressway, a 1,200 sq ft apartment can be had for Rs 77 lakh as compared to a86 lakh six months ago. gFor a first-time home buyer, this is the right time to buy as developers are under pressure and are willing to reduce prices and also waive off charges for benefits like club membership and preferential location, h says Samarjit Singh, managing director of IndiaHomes, a venture capitalbacked realtor.

In the ten years that I have been around, I haven't seen prices falling like this before, h says Rajni Naggar, a real estate agent in Noida, who is advising her clients to hold their investment plans until Diwali.

There is growing hope that new launches during Diwali will happen at lower than current market prices. Builders are already offering made-to-measure payment plans. Among the big cities, property prices have softened the most in Hyderabad (4.55%) followed by Kolkata (4.06%) and Chennai (2.26%). While property prices in the National Capital Region (Delhi and adjoining areas) fell 1.49% in the quarter, Bangalore saw a decline of 0.92%, Pune 0.90% and Mumbai 0.45%.

The situation is very grim. gThe industry is in the ICU, and without corrective action it could very well slip into a coma, h says Sunil Rohokale, managing director of Ask group, which manages a PE fund that invests in residential housing projects across the country. The corrective action Rohokale suggests is deep discounts, of around 20% for the mid-segment and 30% in luxury housing, if developers want at least some of the buyers to return. Builders are adopting new strategies to woo customers in this sluggish market.


Mumbai-based Lodha Developers recently launched its new project in Lower Parel with an advertising blitzkrieg featuring Bollywood star Aishwarya Rai. A developer selling high-end properties in Gurgaon is pampering potential buyers by ferrying them in Audi Q7s and Mercs and treating them to five-star lunches.

Another developer in suburban Mumbai is trying to entice buyers by offering an expensive international holiday. For the first time, DLFBSE 5.36 %, whose name was enough to sell a project in the past, has now been forced to launch a project with a subvention scheme, where buyers pay 20% upfront, take a home loan for the rest and start paying EMIs to the bank only after possession of the apartment. It has become a buyers f market, says Lalit Kumar Jain, chairman of Confederation of Real Estate Developers Association of India, the builders ' association.

Agents say this is a good time to negotiate hard for better deals. The builder today is willing to throw in a 10% discount. Push him a little more and you could get 5-6% worth of freebies as well, says Sunil Kapur of KK Real Estate in Delhi, who sells apartments for builders in Gurgaon and Noida. These freebies could include air conditioners, customised kitchens, top-notch flooring, free furniture, free parking and the likes. h Though nothing seems to be working now, he says the buyer will emerge king once the economy stabilises around Diwali, h he says.

Builders agree that the pace of sales has slowed considerably. Most of them were used to the idea that a project will be sold overnight. Now it fs taking them longer to sell and for developers who are facing a liquidity issue, the only option will be to reduce prices.

There is demand for housing but the issue among buyers is the erosion of confidence in the economy and uncertainty, h says Niranjan Hiranandani, one of Mumbai fs biggest builders. With prices of properties not rising as fast as they did in the peak years, investors and speculators had gone out of the market.

Now with the rupee fs slide, higher inflation, job cuts, increasing interest rates and an environment of uncertainty all around, financial planning has gone awry and even end users are choosing to stay away. With the growth of India fs gross domestic product ( GDP) slowing down to a decade low of around 5% this fiscal year from a peak of 9.6% in 2006-07, new hiring by companies has dropped dramatically over the years and so have increments -- at all levels.

The manufacturing sector saw a negative growth of 1.2% in the quarter. Most real estate hotspots have mushroomed around manufacturing or service industry hubs like Gurgaon, Bangalore, Rajarhat in Kolkata, Chennai and Pune, and a contraction in manufacturing has had its negative effect on the market.

Increments across sectors like IT, telecom, auto, finance, banking, and many others have been sub-par this year, remaining on an average between 5% and 8%. Add to this the high cost of home loans. gWe will be cautious in pricing our new products, probably give options for simpler specifications to buyers to bring down price given that there are challenges in the economy, says Ajay Chandra, managing director of Unitech. In the April-June quarter, DLF reported a 38% fall in its net profit compared to last year.

Parsvnath's net profit dropped 25%. HDIL fs net profit was down 85% in the quarter.

Property Management Company in VA - Real Property Management Pros - Announces the Landlord Advanced Rent Program

Real Property Management in Northern Virginia launches a program that will allow landlords to receive their monthly rent on time, every month, regardless of whether tenants pay on time.

Important Property Management Software Benefits for property managers

Management of property and related works are really difficult to handle, if doing it manually. The property management software offers a lot of benefits to the property managers who want to evolve in the property business.

Being a property manager, you are always concern about the payment from tenants on time, advertising vacancies for landlords, organizing and scheduling inspections of the property, addressing issues of maintenance, background checks of the tenants and a high dose of paper work takes all the time. This isn’t everything a manager has to go through. In addition to the above things or items he/she has to go through management of income and expense, construction and development work, repair and maintenance of the property and surrounding areas. This list makes one sweat, it requires a lot of time if you are manually handling all the affairs of the property management. However, the advancement technology has evolved some programmes which can really take up the work to lift the heavy loads from manager. The property management software Benefits are many for a manager who has to deal with many issues in the property management.

Apparently property managers were all but involved in all the work related to the property, be it the paper work – information of the tenants, or the advertisement of the property. The income and expenditure too were done manually. With the introduction of the property management software the property managers find it really easy to handle everything. It offers an automated income and expenditure console which automatically generate property details with a click of the mouse.

The property management software benefits the property managers with the communication with their tenants, suppliers and shareholders efficiently and effectively. The software comes with the property of managing document online. The property management software is effective with all kind of commercial properties, apartments, home association and rental facilities. The major benefits of property software management is that it allows the manager to put rents and expenses which means that you do not need to do it manually. The most important thing about the software is that it is always accurate. The calculations will always be error free.

The key benefit of using the property management software is that it allows you to track the rent arrears and makes all record of the transaction taken place in regards to the property. This makes it a lot easier for the mangers to know the income and expenditures; the source of the income and the expenditure occurring on different items.

As we mentioned above the property management software benefits in regards to communication, it makes it all easier for the property owners to send letter to the landlords, tenants and other property managers and keep a track of depreciating expenses. In addition to this the property management software offers multi-user facility, thus enabling the property managers to access the software from multi computers.

Looking at the property management software benefits it becomes one of the most important tool for the property managers enabling them to carry out tough paper works easily. It allows them to update information and enables them to access important documents quite easily.