MilanO Consulting

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MilanO Consulting

With everyone's busy life style and lack of time we forget to fuel our bodies with the essential nutrients. Let's work together in getting healthy!

10/19/2023

So delicious!
I love me some Guinness 🍻

07/11/2023

Last January, we expanded and we added our first Florida property to our REI portfolio.

As a Canadian investing in the USA, Florida was a no brainer for us to add on. We did this because we wanted a place we could vacation with our family but still turn a profit. Short term rentals in Florida are perfect for this!

Here are the top 5 reasons.

The 3/2 pool home we purchased in a beautiful gated community was $478K

The area we chose is one of the fastest growing cities in the USA! We had it rented within 3 weeks!

No state tax means we saved thousands on this acquisition.

Sunshine and beaches! Need we say more?

Knowing we can take a quick visit to the sunshine state allows us to have the freedom to vacation and save money on lodging.

Which of these 5 reasons would have you consider adding a Florida property? Want to learn more about having short and long term rentals in Florida?

Shoot us a message and we would be happy to chat!

01/01/2021

Wishing everyone a happy, healthy and prosperous New Year!

09/30/2018

Wow!

Where are all my blondes? Check out these results after just 1 wash!

Both pics were taken standing in the same location with the same lighting. Can you see a difference?

09/22/2018

Getting pampered while getting my hair done...stay tuned for end results!

07/02/2018

Traveling for the summer? Not checking in a bag?
Want your hair to look good and feel good?

I've got the perfect thing for you to pack!

05/15/2018

What a testimonial! Read what this momma right here says...

"I was delighted to tell our daughter’s pediatrician this week that we are now managing her psoriasis naturally! He was blown away at her results and said he’s never seen any naturally based product produce these kinds of results with psoriasis!!! We’re so blessed beyond compare!!!"

05/01/2018

Is your hair feeling the effects of weather change?
If you could get the soft silky feel without using harsh chemicals wouldn't you want to know about it?

04/18/2018

THIS ALMOST NEVER HAPPENS. This works out to approximately $18/mth (depending on how long it lasts, 3-5 months is the average) for AMAZING products, that actually work...When you are ready...I can help you pick out your products for your hair type! Sale is on today & tomorrow only.

04/17/2018

PROFORMAS AND WHY THEY CAN BE MISLEADING

Tell me if this sounds familiar…you go online searching for investment properties and come across an amazing opportunity (or as it seems). You contact the listing agent and they tell you:

100% occupied (which is likely true), Return on Investment (ROI) is between 12-15% and building has had major capital repairs completed in the last 5 years (roof, plumbing, electrical, etc). Curiosity and excitement kicks in! You want to know more and anxious to pounce on the investment.

You tell your significant other and discuss the details. They are also curious and interested. A decision is made to put this under contract and you purchase the building. WARNING: There are other details which go into purchasing an investment such as financing, business structure, down payment, etc… Details on this is for another day.

6 Months after purchasing you notice the ROI is now between 5-7% and the occupancy percentage is dipping.

What happened? A once promising deal now not meeting expectations.

Ok, I am going to make a bold statement based on my experience: AN INVESTMENT WHICH SEEMS TOO GOOD TO BE TRUE, IN 80% OF THE CASES IS.

To avoid soured expectations or disheartening experiences, use the following three steps when initially reviewing an investment:

1. Calculate 40% expenses regardless of the condition of the building

I make the assumption you will NOT be self-managing this property and will have a property manager on site. If there is one common item I see when looking at deals is inflated ROI’s. Self-managed properties have a significant reduction expenses. They collect rent on their own and do maintenance around the building as it comes down. Expenses in those cased can be between 10-20% (yes it is true!). Do yourself a favour and multiply 40% of the total gross revenue to get your expenses. Take your gross revenue less the expenses to get a more reasonable Net Operating Income figure

2. Take 10% Vacancy

I don’t care if the building has been 100% occupied for 2 years and running. Turnover happens. A tenant may leave due to job change, divorce, money woes, the list goes on. Play it safe and take vacancy into UNDER Consideration

3. Calculate mortgage using a higher interest rate and taking into consideration any prepayment penalties

In many proformas provided I have seen interest rates being as low as 3.5% and down payments being between 15-20%. Here is the reality. Depending on what kind of investment you are doing (local, international, vacation home, rental, etc) your rates and down payments can fluctuate tremendously. As a Canadian investor in the USA I currently average between 5-6% and down payments between 25-40% depending on the deal. Selling the investment may not be in your mind now but keep in mind that depending on your financing needs a prepayment penalty can be large. Be informed and know details about your loan inside and out!

If the ROI still looks attractive then move on. This is a starting point and by no means comprehensive detail on how to look at an investment and immediate make a decision to purchase. There is much more to analyze.

Make your investment a happy and smart decision…not one you will regret!

04/14/2018

That time of year - summer vacations!

Traveling but want to travel light AND still carry your favorite hair essentials?

I have the perfect thing just for you!

Message me for details!

03/22/2018

Congratulations to MONAT Market Partner, Adrienne Poole, who was crowned Miss Kentucky United States!
MONAT completely restored her damaged hair. As you can see, her hair is healthy and gorgeous after using the products for over a year!

Who else wants Bombshell hair?

Address

Vancouver, BC

Website

http://opal.mymonat.com/

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