Sabtu, 20 April 2013

5 Harsh Realities Of Worth

By Gary Odums


If you find celebrity culture fascinating, there is good chance that you know all about the types of assets that these people own. An asset is something that increases a person's net worth. Cars, for instance, are a popular asset amongst many celebrities. Oftentimes, exotic cars are worth significant sums of money; celebrities often buy and sell these sorts of vehicles since they are financial assets. Homes are another common type of asset that celebrities own.

Real estate is one of the most stable assets a person can have in his or her portfolio, as a general rule. This fact prompts many celebrities to purchase several homes throughout the globe. Also, if celebrities own homes in various locations they can always stay in a comfortable place when they are abroad for work or to make appearances. There are, though, many responsibilities associated with possessing this sort of celebrity asset. Below, you will find more facts regarding the management of real estate assets.

1. Upon being hired by a celebrity client, a realtor's first job is to discover why exactly the celebrity wants to buy another home. Some celebrities consider real estate to be solely an asset; this means that they won't actually be residing in the home. For these celebrities, the most important thing about selecting a real estate asset is for it to have exceptional resale potential. The style of the home is not terribly important since he or she will not actually be living there.

However, some celebrities want to purchase real estate as both a financial asset and as a new home for their families. This type of real estate is sometimes more challenging to find. The property needs to both fit the celebrity's personal needs and be a sound financial investment. Good real estate agents, however, are always up to the challenge.

2. It is common for celebrities who possess real estate assets to reside in one of their homes more often than all of the others. This means that they need to think about how to manage the other properties they own when they are not present. It is common for celebrities to decide to hire a management staff who reside at their various real estate assets. There are individuals who are professionally trained to do this.

Other times, though, celebrities decide to rent out their various real estate assets so that they generate additional income. Those individuals who are selected to rent these properties have generally undergone a variety of preliminary screenings, including interviews and background checks. If you opt to rent a celebrity's real estate asset, it is your responsibility to ensure that both the home and the grounds are kept-up properly.




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