Property Management Software Weekly R...

by VENDIREX on 05/19/2014 - 10:34 am |

Tag: Property Management Software

The residential and commercial real estate investment has been a fast growing business. Like many other businesses, software will help you organize and maintain control is critical for success. No longer out of the reach for the small investor, software can be affordable and be considered an investment that will pay for itself. 
We have put together some great articles that will help you get started. 
 
Start at the beginning with an introduction  
This article gives you a brief overview of property management software. 
"Managing rental properties can be a real organizational challenge. Keeping track of payments, vacancies, maintenance requests, and legal notifications can dizzy even the most diligent landlords and property managers.”
Next we will move on to the basics.
 
Property management software basics
This article will cover the different needs and based on the size of your business. 
“Although they may both manage properties, a residential landlord with 20 units, and commercial property management company with 2,000 units have vastly different needs.”
In the next article, we cover the features that you find on property management software.
 
Features
What features a software has is an important question to ask. Study the features of the software carefully and make sure that the software that you purchase will meet all of your must have features. 
“First‐time property management software buyers often wrestle with the question of whether this software is that much better than using a standard accounting package. Most property management software programs include modules that address several property‐specific needs.”
Other property management software articles that are must reads: 
Locally‐hosted software vs. ASP 
How to run your evaluation 
What to look for in a PM software vendor 
Pricing property management systems

Want to Learn More About Factoring, H...

by VENDIREX on 02/26/2015 - 10:35 am |

Tag: Business Loans

 
The best place to start is with the basics [4]. Vedirex has put together a great article that covers the foundation of factoring loans.

“To work with a factor, you start by handing over copies of the accounts receivable that you want funded. Depending on your business and the terms of your agreement, the factor will advance you 70% to 90% of the total invoice value, usually by directly wiring it to your bank account. You can usually get an advance against your invoices within two to five days. If the factor accepts electronic invoices, you may get funded within 24 hours.”


 If you have never looked into factoring, we recommend starting with an introduction to factoring [3]. We have answers to common questions in this guide.

“Factoring transfers ownership of your accounts receivable to a factoring company, sometimes referred to as simply "the factor." The factor advances you most of the money owed on the invoices you provide to them. They then pay the remainder – minus a factoring fee – after your clients pays their invoices. You can use the funds to make payroll, invest in materials for an ongoing project, or satisfy high‐interest debts.”

 If your business bills clients (invoices customers) then you can use those invoices for factoring finance. It’s fairly simple process. Basically, you sell your accounts receivables to a factoring company.  

It is a great way to get financing and many companies rely on it for cash flow. One of the first questions that people ask is who is eligible to get a factoring loan [1]. You can get more information on who uses factoring here.
 
“Factoring is also a valuable resource for businesses like garment companies and textile businesses that traditionally have a hard time securing loans. By factoring their accounts receivable, they can purchase raw materials or make other investments grow their businesses.”

The next question that business owners and CEO’s ask is usually what types of factoring are there [2]. Make sure you take a few moments and review this article.

“Non‐recourse factoring frees your company of any responsibility for non‐paying accounts. This is the more expensive option because the factor takes on more work and more risk. The factoring provider in a non‐recourse situation will typically have more stringent policies for the invoices they will accept” 

 Many businesses have an opportunity leveraging their accounts receivables. If you think that this type of loan may benefit you, talk to a factoring company today by going here https://www.vendirex.com/content/quotes-factoring.html
 
[1] http://www.vendirex.com/article/factoring-buyers-guide--who-uses-factoring.html 
[2] http://www.vendirex.com/article/factoring-buyers-guide--types-of-factoring.html 
[3] http://www.vendirex.com/article/factoring-buyers-guide--introduction.html
[4] http://www. ...

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Business Loans - An Introduction

by VENDIREX on 09/24/2013 - 12:12 pm |

Tag: Business Loans

Business Loans - An Introduction
 
From startups in the earliest planning stages to established companies looking to expand, all kinds of businesses take out loans. Commercial lending can be used for initial expenses, financing ongoing operations, or major investments in equipment. After qualifying for a loan, businesses make monthly payments that include a portion of the original amount borrowed – the principal – plus interest to the bank or other lender.
 
If you’re looking for a business loan, there are some important steps to take before you apply. Lenders will expect you to prove your commitment to the business and demonstrate that you’ll have the ability to pay them back: they’re in the lending business to make money, not to provide a service to struggling business people.
 
It’s also important to know that every commercial lending application you submit will be listed on your credit record – if you’re turned down by one lender, the next will see that you were declined already, which further reduces your chances. For this reason, you should make sure to do everything you can to get it right the first time.
 
Getting approved is a major hurdle, but VENDIREX can help. This Business Loans Buyer's Guideprovides tips on ways you can try to improve your chances of securing a loan, whether you need $10,000 or $1,000,000, so you can take your business to the next level.
 
Table of contents
 
Reasons to take out a business loan
Types of business loans
What are your chances?
Sources for commercial loans
Choosing a lender
Preparing for loan applications
Small business loan tips