Quotes of the Day

Net Operating Income (NOI) = Income - Vacancy Factor (until you have experience, a professional property manager will be able to give you a good estimate of the time required to re-rent the property) - Management Fee - Maintenance Reserve (depending on the age and condition of the property, you may want to vary this reserve from 5 to 30 percent or more) - Utilities - Taxes - Insurance - Other Expenses (such as common area maintenance, grounds maintenance, area lighting, and snow removal) [2004] - Mike Summey

If the market is depressed, mortgage holders, such as banks, seldom have the patience to await a market rebound. Most are not in the business of owning real estate. Their paramount goal is to sell defaulted units at the best possible price in order to recover as much of their investment as possible. This often means selling these units at a loss. Most mortgage holders are exclusively financial institutions, not obligated to contribute to maintenance fees and other dues on behalf of the indebted unit owner. [2013] - Dan S. Barnabic

One out of every 16 eligible people you meet can be your matched opposite. [2004] - Nicholas Boothman

Talents are your naturally recurring patterns of thoughts, feelings, or behavior. Knowledge consists of the facts and lessons learned. Skills are the steps of an activity. These three--talents, knowledge, and skills--combine to create your strengths. [2005] - Marcus Buckingham

You should breathe in this ratio: inhale one count, hold four counts, exhale two counts. If you inhaled for four seconds, you would hold for sixteen and exhale for eight. Stop and take ten deep breaths, in the above ratio, at least three times a day. Start in the abdomen, take a deep breath through your nose while counting to seven (or pick a larger or smaller number based upon your ability). Hold your breath for a count four times that of your inhalation, or twenty-eight. Then exhale slowly through your mouth for a count two times the length of your inhalation, or fourteen. [1989] - Anthony Robbins