Business Travel Tips – How to Pack For A Business Trip

Use these business travel tips pointers to create and plan a stress-free business packing travel plan.Ladies:When you are putting together your clothes for business, experiment with one color instead of all your favorites. This makes it simple for you to combine and present an ideal business persona for your meetings. With a one color-scheme, you will not need to pack multiple pieces of clothing.
If you’d like to add a bit of color, you can include a colored shirt or scarf you like (maybe it is your favorite, or it gives you that ‘extra OOMPH’ that you need for self-confidence – or to compliment your look).Tips on packing shoes: As much as shoes are something that some women say they can’t ‘live without,’ pack no more than two or three sets. Make certain you have a set of flats and only one set of high heels in your luggage. If you wear high heels all day and evening long, then during your company trip, when what you want (need) most is to shine, you may be experiencing painful leg and back discomfort.In addition to sensible shoes, women who travel may want to pack makeup. On a business trip and with makeup – Less is better. Makeup during a business trip really should be minimal so that you present an experienced, knowledgeable and professional look. Foundation, powder, mascara, lip gloss, eye liner, and eye shadow, are a few of the things that you need to consider in packing. Less is more – mascara and lip gloss can go a long way in making a professional looking presentation.All Travelers:Frequent business travelers should make it a habit of packing their bags as soon as they return from a business trip. This way, when they have to travel on short notice, the stress and worry of packing is diminished.
Frequent travelers on business really should try to use regional airports instead of major air-ports. Local and small airports are less congested, and then there are fewer security hurdles.
When you are on company business, choose the most direct routes instead of the least expensive routes. The least expensive travel arrangements usually make for the longest distance, and this also means you will likely have to use your precious time for traveling and staying in hotels.
So, instead of saving money, your cost may actually go up, with the less expensive, less traveled route, Because you’ll make up for the cost with longer flights and maybe even an extra day stay at a hotel – which means more money all the way around (food, cab or car rental,.. ). Consequently, it’s always best to go on a direct flight route to save time and expense, even if you have to fly first class.
If you’re able to fly mid-week, you will be happier because you may be able to save money on trip expenses. Traveling on a Monday or Tuesday normally costs more. Take these travel tips into account when you are paying your own personal air flight to help you cut your costs.
Also think about the distance from your hotel room to where you are meeting. Have a look on the internet on a map so you see exactly where you’ll be meeting, compared to where you are going to be staying. In case you do not know the local or surrounding area, you might want to stay near a company or civic facility in which your company is holding their business.
Business travelers understand how to make the most of the resources offered to travelers specifically on business. Find hotels that focus on the travelling business person. These hotels won’t have amenities for families and neither are they attempting to attract buses of adolescents in route to a camp. When you need to pay attention to business details and not the kids running in the hallway, this will help you find appropriate (and professional) lodging.
Packing vital electronic things is likewise one of several business travel tips. In case you are traveling overseas, make certain you are aware of the telecommunications requirements of the country. Make certain you pack a couple of USB memory sticks. You will never know if they may require them.
Never pack your laptop inside your luggage. Your laptop may be a pivotal element of your trip. Inside a flight terminal in an unexpected emergency situation, your wireless laptop may be used to adjust reservations so that you can prevent all those long lines for getting your next flight out. You’ll be able to arrange accommodations by automobile or snag just one of the few remaining rooms in hotels in the city straight from the convenience of the seats in the airport terminal.
If you plan well, then you can normally just walk to your meeting or hotel, while the people around you are stressed – simply because you knew the way to balance technology plus the need to help yourself out of a situation that could have been a problem.
But one way to use your laptop computer to help yourself if there is a situation where the airport terminal is shut all the way down would be the limited electric power of laptop computers. To see your electric battery go lifeless just when you wanted it by far the most is a lot like watching your tire go flat on the freeway because you drove over glass on your way to the meeting.
What few people know is that you have open electric-powered outlets in air terminals which are there for cleanup crews. Once you are at the airport – discover exactly where those outlets are. Normally you can find these outlets just underneath the windows that look over the landing strips. If you can secure a seat close to these outlets, it is possible to replenish your laptop computer and maintain your lifeline to everyone you need to.Using these simple business travel tips, you can better understand what to bring. Make sure that packing for your next business trip is hassle-free.

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Rental Property Investment Performance Indicators

Successful rental property investment requires real estate investors to strictly gauge the financial performance of all potential rental property investment opportunities.As a result, a number of useful ratios, multipliers, and other analytical measures have been developed as “indicators” the investor can use to determine specific levels of a property’s anticipated cash flows and profitability.These ratios and measures are part of the real estate analysis, and are commonly displayed in reports such as an APOD and Pro Forma Income Statement.In this article we’ll consider four of those indicators (with formulas). It should be noted, however, that the results of these calculations are only useful if they can be compared to similar information gleaned from comparable properties in the local market area.1. Economic ValueThis is a measure of value from the real estate investor’s standpoint, and may be more or less the market value of the property (though not necessarily). It is determined by the investment property’s net operating income and a capitalization rate that the investor requires to attract his or her capital to the project.In other words, regardless what value has been placed upon the rental property by the market, the “true” value to the investor (in this case) is what he or she deems will appropriately satisfy their investment objectives.FormulaNet Operating Income (specific property)divided by Capitalization Rate (individual investor)equals Economic ValueExampleLet’s say a property generates a net operating income of $461,867 and the investor’s desired cap rate is 10.8%. In this case, the economic value (what the rental property investment is worth to the investor) would be $4,276,546.$461,867/.108= $4,276,546If this economic value is equal to or greater than the subject property’s fair market value, then the investment property could prove worth pursuing; otherwise, maybe not.2. Operating Expense RatioThis ratio provides an indication of what percentage of the gross operating income is being consumed by operating expenses.The investor’s purpose here is to compare the subject investment property’s operating expense ratio against that computed for other similar properties and then to reconcile substantial differences.Anything other than the norm, for instance, could be an indication that the subject property’s operating expenses are somehow unique, or perhaps that they may not have all been correctly ascertained. In other words, why such a difference?FormulaOperating Expensesdivided by Gross Operating Incomeequals Operating Expense RatioExampleLet’s say the subject property’s operating expenses are $251,998 and its gross operating income (rental income minus vacancy credit and loss) is 713,865. In this case, the operating expense ratio for the rental property investment is 35.30%.$251,998/ 713,865= 35.30%Naturally, this is just one small element about the subject rental property investment. But a substantial difference in ratios when compared to similar other rental property should raise a red flag that requires a closer look.3. Break-Even Ratio (BER)This ratio (also called default ratio) is the percentage rate of gross operating income that is consumed by operating expenses and debt service combined. Its purpose is to estimate how vulnerable an income property is to defaulting on its debt in cases where rental income should decline. This is often a benchmark ratio used by lenders when underwriting commercial mortgages as well.FormulaOperating Expenses + Debt Servicedivided by Gross Operating Incomeequals Break-even RatioExampleOkay, we already know (from the previous examples) that our subject rental property investment has a gross operating income of $713,865 and annual operating expenses of $251,998. Now let’s say that the debt service would be $255,354. The result would be a break-even ratio of 71.07%.$251,998 + 255,354= $507,352/ 713,865= 71.07%This means that the money going out to service the property is 71.07% of the income it generates. Lenders typically look for 85% or less, so this property fairs well in this case.4. Debt Coverage Ratio (DCR)This ratio provides information on the extent to which the net operating income covers debt service. The objective for the investor here is to insure that the property can pay for itself without having to “feed it” out-of-pocket.FormulaNet Operating Incomedivided by Debt Serviceequals Debt Coverage RatioExampleOkay, by dividing the property’s net operating income of $461,867 by the debt service of 255,354, the result is a debt coverage ratio of 1.81.$461,867/ 255,354= 1.81A ratio of 1.0 indicates enough net income to make the mortgage payment, and lenders typically like to see 1.15 or greater (i.e., 15% more income than the payment). So, either way, this rental property investment appears to produce ample income to cover the mortgage payment.
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Rental Properties: Cash Cow or Money Pit?

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