The Cold, Hard Truth Behind the 90/10 Rule of Real Estate Industry

Managing properties, gaining commissions, and meeting a bunch of clients with different needs are some of the activities of a real estate agent. The hefty paycheck is motivating factor despite running around the city during the open house of two properties. Thus, a lot of people want to work in the industry as the job seems natural.

It is at first glance. Once can become an agent as long as he or she can sell one 2br condo for rent Bonifacio Global City (BGC). If he or she influences a startup to go for a serviced office Makati CBD, then he or she does a swell job of using their marketing tactics. As the industry, more people look forward to making a profession out of it. Thus, the 90/10 rule exists.

Before the regulations existed, anyone who finished high school or passed Grade 12 can become an agent. At present, one study the curriculum and obtain a license to be a realtor. Since most don't want to give the time and effort to finish the course, only 10 percent of the total number of real estate agents are doing 90 percent of the work.

It's evident that a lot of agents fail in their profession. Below are some of the hard truths in permeating the real estate industry.

• The real estate curriculum lacks the scope of marketing and deal management. Some examples of topics that brokers must know and understand are:

1. Psychology of salesmanship
2. Art of selling and crafting deals
3. Networking
4. Creating listings
5. Presenting listings in a professional manner
6. Overcoming objections from buyers and sellers
7. Working with financial institutions
8. Dealing with appraisers and home inspectors
9. Communicating with utility companies and government agencies
10. Handling permits

Agents can learn these skills along the way, but they will become highly efficient in their tasks if they knew these things beforehand. They are likely to proceed and be motivated to pursue their individual goals if they know how to navigate the waters. Therefore, developers and real estate companies must provide mentorship, trainings, and seminars in their respective offices to minimize the agent failure and turnover rate.

• Realtors, especially beginners, undermine their abilities. Setting a timeframe for lead generation is acceptable. A 30 to 60-day real estate success may be correct for some and may not be for others. Lots of agents quit when they don't generate leads. They berate themselves and the market when they don't tick anything off their list. They leave early in the game without persevering and lose their confidence. When that happens, they become unlikely to take risks. They won't explore new strategies or try a new path yielding high returns.

• Real estate entrepreneurs neglect the power of advertising. Developers and housing realtors forget they are part of a business. A business needs investments to grow. Mixing traditional advertising and digital marketing increases the company or brand's outreach and, in turn, expands their market.

• Being greedy with opportunities destroys a realtor's career path. Real estate trades is and always was a job. Depending on the company's salary scheme, it is a reliable source of income. A lot of agents think that realty management doesn't qualify as a job, so they look for additional opportunities. Looking elsewhere places property selling on the sidelines and disrupts the focus on expanding the business.

Consulting a licensed yet non-practicing real estate agent is no different from getting surgery from licensed, non-practicing doctor. When in the game, vision becomes limited. One can only focus on what's in front. Business owners focus on income and realtors to their commissions.

No one wants to do the dirty work that's why the 90/10 rule exists.

5 Condo Hacks To Living in Luxury

People mistaken luxury for expensive tastes. However, luxury is all about comfort and quality combined with pleasing architecture or design. An example of luxury is the expanse of Bonifacio Global City. Almost everything you need for a great urban lifestyle is within a distance of condominiums and communities.

If your condo is in the area of BGC, it's only ideal to pattern its design to the aura of the city. Here are some ways to hack your condo and enjoy the feel of the modern lifestyle.

1. Fill an empty space.

To be more specific, fill an empty wall. Start by painting a fresh coat of white on plain walls. White walls are easier to work with in terms of design. They are friendly to various colors and prints. A clear wall is also similar to a blank canvas. It allows you to install shelves, cupboards, artwork and other kinds of wall hangings.

You can make a gallery wall in the living room by using different sizes of frames for family photos and mementos. You can hang sculptures, mirrors and other pieces of art to create a salon-like arrangement for promising hallways and bare center.

2. Make use of surfaces. 

A luxurious condo caters to refined tastes and simplicity. It makes use of the less-is-more approach and avoid clutter and over accessorizing the areas of the home. To achieve a simple look, keep the items with the highest value. These items and pieces of furniture may have sentimental value or string of positive memories attached to them.

You can place small items on coffee tables, desks, and countertops. If you don’t have a lot of items to display, you make the surface of the table the center of attention. A pastel marble coffee table, a glass top dining table or a sleek matted wooden desk are enough to serve as centerpieces.

3. Prioritize the sitting area.

After the kitchen, the busiest area in the house is the living room. The TV is usually in the living room. Other than that, people come in the foyer to socialize or relax. If you plan on spending a sum of money on decorating, you better spend it on the couch.

Most of the activities in the area will involve sitting on the sofa. Hence, it pays to make it a comfortable experience. Moreover, the couch is the most prominent piece of furniture in the room. It’s best to choose a sofa made of materials that last such as linen, wool, and velvet.

4. Identify the colors you want to include in your home.

The ultimate cheat to making a luxurious casa is in the colors of the elements of design. Tasteful and well-decorated homes are color coordinated. It follows a palette or a set of colors that run throughout the indoors of the house. 

Light colors are perfect for smaller spaces such as condos and lofts. Pastel hues and soft, muted tones allow light to enter the area. It also helps it appear larger than it is. Integrating a contrasting color or a slightly darker shade enables you to create an exciting palette you can use in the different area of your home.

5. Install additional light fixtures.

Natural light can be limited because of a tree, building or structure next door. It can also be due to wrong window placement. These factors can your home appear darker due to the lack of light. Enhancing the shadows and dark areas shrinks the appearance of your home.

Fortunately, these details can be fixed. Having proper ambient and task light fixtures provides instant design while increasing the brightness of the area. Each room can have a combination of both - several lamps and an intense hanging light. 

These hacks are simple and easy to integrate. They also won't cost you a lot. Though living in a business district like BGC can be expensive, the ways to make a luxurious condo is cheap and modest.

Image credit

How to Ruin Your Floors Without Even Realizing It

Image credit

Yes, we have heard a lot of homeowners who are concerned about what to do to make your floor last longer. Obviously, who would want to damage their floor, right? However, there are times that we don't realize that even a minor thing we unconsciously do, we are already damaging our floor. And mind you, it is definitely not nice to look at when you have a damaged floor. Right? That is why it doesn't matter if you are living in a 2BR condo in Makati, BGC or Mandaluyong, the thing is you still have the need to take care of your floor.

But sad to say, not all homeowners are aware of it. As a result, they don't appreciate much their floor. However, if you are one of those homeowners who is concerned when it comes to the beauty of their home, then you might as consider taking good care of your floor by not doing these things below that can ruin it. And yes, these things below may be an everyday activity we usually do. But we don't realize that it contributes to the damages on the floor. So, you better avoid doing these things mentioned below.

Don't use furniture pads

Have you ever noticed that there are furniture marks on the floor? Perhaps, you usually drag your furniture to whatever arrangement you want to have. And since you are not using furniture pads, then you will definitely get scratches and marks on your beautiful floors. If you continue to ignore these scratches and marks, it will go deeper and deeper as you go along with the arrangements you have for your home. And aside from dragging your furniture from places to places, every time you sit down on a sofa or chair, the legs will mark the floor since you are not using furniture pads. And it will surely stay if you will not do anything about it at all.

Don't sweep regularly

This is one of the common unhygienic things for you to do. Of course, who would want to live in a place where the floor is covered with dust and other dirty stuff on the floor? I bet, nobody. Unless you are away from your home too long, then not sweeping your floor regularly would definitely ruin its beauty. Basically, the dust and other things that are cluttered on the floor can create damage, especially when the floor is wet. And yes, aside from not regularly sweeping, not mopping regularly can also damage your floor.

Use the wrong rug pad

Whether you realize it or not, there are actually different kinds of rug you can buy at the store. And if you are not careful in choosing the right rug for your floor, this might give your floor a scratch or marks from the rugs. Moreover, instead of making it shine, it can do some discoloration of your floor. That is why you have to know which of the rug are good for your floor and not just with any rug you saw at the market.

Don't have a mat near the door

Generally, this is one of the practices for most homeowners. Of course, you don't want to let the dirt from the outside be brought in the inside, right? That is the reason for you to have a mat near the door. However, if you don't have any mats, this can definitely damage your floor since all the dirty stuff can get inside. Moreover, the dirt you leave would possibility make some scratches and marks on the floor. That is why mats are there to protect the floor from any dirt from the outside.

Don't trim your pet's nails

If you are one of those homeowners who just love pets, their nails can also damage the floor. Of course, they like to roam around the house which can sometimes lead to scratches and marks on the floor. And if you are just going to ignore this matter, these marks will definitely make your floor dull and ugly in the long run.