Wednesday, September 6, 2017

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Compound for rent in Port Moresby, Garden Hills

Compound for rent in Port Moresby, Garden Hills
[realty_plugin: list=lease&property_type=Compound&suburb=Garden%20Hills template:seo_page]



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Unit For Rent 118/89-91 Ishmael Road, EARLVILLE, QLD

Unit For Rent – AUD 335 pw

118/89-91 Ishmael Road, EARLVILLE, QLDAvailable for lease is this unfurnished, Two Bedroom apartment. Situated on the top floor with quality finishing’s this apartment is sure to impress. Located in an upper market secure gated complex this stylish apartment features a well-appointed kitchen complete with stainless steel appliances a dishwasher and ample cupboard & bench space. The open planed living area and dining area opens out onto the large balcony which overlooks the resort style in-ground pool. Both Bedrooms feature built in robes & ceiling fans – Main bedroom comes complete with an ensuite. The property is fully air conditioned & timber look flooring is featured throughout. There is Basement parking and a lift in the building. The complex comes complete with a resort style pool – great for those hot summer months. Within close proximity to the CBD and walking distance to Earlville Shopping Centre, town living doesn’t get any easier than this.

*******BREAK LEASE*******

Unit For Rent 118/89-91 Ishmael Road, EARLVILLE, QLD

Leanne Parsons



from ronnykblair digest http://hausples.com.pg/unit-for-rent-11889-91-ishmael-road-earlville-qld/

What to Expect in Real Estate Private Equity in London When You Join Right Out of Undergrad

Real Estate Private Equity London

I’ve never understood the obsession with front-office investment banking roles.

If you look around online, the attitude everywhere seems to be: “IB or bust!”

If your sole goal in life is to work at KKR or Blackstone, then yes, that is true.

But if you simply want to work on deals, earn a good amount, and become an investor, there are many good alternatives.

One of the best is real estate private equity, which is why we previously featured the story of a reader who broke in from a very non-traditional background.

But that strategy works in other parts of the world as well, including the U.K.

A reader who broke into RE PE directly from undergrad contacted me recently, and I asked him to share his full story:

Breaking Down the Walls of Real Estate

Q: Can you summarize your path into real estate private equity?

A: I was born and raised in a “smaller European country” (i.e., not France, Germany, or Italy), and I initially wanted to be a sports professional.

I pursued that career for a while but saw the downsides early on, so I changed my plans and started attending a semi-target university in the U.K. instead.

It was at about the same level as Vanderbilt in the U.S.: Some banks recruit on campus, but going there alone isn’t enough to win job offers.

I started out majoring in civil engineering, but my friend dragged me to a meeting of the investment club in my first year, and I immediately became interested in finance.

I kept the engineering major but took accounting and finance classes on the side, and I completed two sales and finance internships at an energy company in my home country.

Then, I did a VC/startup-related internship, graduated, and won a real estate private equity full-time role.

I stayed there for around a year and then left to join a generalist PE fund.

Q: It seems like that story should have been more difficult.

How did you win interviews without prior IB/PE experience?

A: Many RE PE firms don’t necessarily care about that experience; they just want people who know real estate and can pick up the rest on the job.

I won interviews because:

  • I had some finance/investing experience from my previous energy finance and VC internships.
  • I knew about real estate from my civil engineering major and my work at the energy firm.
  • Quite a few RE PE firms recruit for Analyst roles in the U.K., and it’s easier to win an offer at a real estate-focused firm than at a generalist firm.
  • I got along very well with the CEO (we were fans of the same football team), which mattered because almost all the interviews were “fit”-based.

I didn’t do anything that unusual in the application process: I applied online and won interviews at PE/VC firms and banks through the strength of my CV.

Knowing several European languages also helped because real estate is the textbook definition of “local industry.”

Q: OK. But they must have asked some technical questions in interviews, right?

A: They did give me a case study – creating a cash flow model for a property – but I completely messed it up by using the wrong Excel template and numbers.

I’m not sure they even looked at it since I won the offer anyway.

Interviews at bulge-bracket and elite-boutique banks were far more technical, and they asked more traditional accounting/valuation/modeling questions.

But at most RE PE firms, they cared far more about passion for real estate and social skills.

Q: Do you think it was a good idea to go into RE PE straight out of undergrad?

People often argue that investment banking gives you more and better options.

A: If you’re not sure what you want to do, then yes, it’s better to go to a large bank because you get better brand-name recognition, more exit opportunities, and a wider network.

I had done both civil engineering and investing, and I wanted to combine the two fields, so the logical choices were real estate private equity or infrastructure private equity; investment banking was less appealing.

Also, I knew I could probably move to another PE fund if I left early enough, so the decision didn’t seem that risky to me.

Moving from the RE PE fund to a large bank would have been harder, but I had no interest in that.

On the Job: Real Estate in London

Q: I see.

What was the job like, and were there any differences in the deals and analysis based on the location?

A: My firm was “pan-European,” but in practice, we invested mostly in the U.K. market along with ones in a few smaller countries.

There are some legal differences in the financing structures between different countries, but nothing too major.

The ease of securing financing also differs dramatically, with places like Spain and Greece on the “difficult” side and places like Sweden and Norway on the “easy” side.

Most of the differences in deals had more to do with the market cycle than the country or city.

For example, when I joined, prices in London had been skyrocketing over the past few years, and there weren’t many good opportunities.

As a result, we started shifting to smaller cities that had mispriced properties.

There were also big cultural differences between the different countries. Local expertise is critical because the best transactions tend to happen off-market, and a good local network lets you find these deals, even more than in generalist private equity.

RE PE is a very “personal” industry where you work with everyone from institutional investors to private families who are emotionally attached to their properties, so you must understand the local culture to win and execute deals.

Q: And what types of properties did you focus on?

A: We acquired mostly hotels and offices, with a few multifamily properties as well.

When market prices were near their cyclical lows, we aimed to “buy low and sell high”; there’s no point taking a risk on new developments if prices are low.

In that environment, we could buy established, stabilized properties using 75% Loan-to-Value ratios, and flip them for 20%+ IRRs.

But as prices climb, that strategy gets less viable, and RE PE firms tend to do more development and value-added deals.

My time split looked like this:

  • Modeling and Evaluating Properties: 35%
  • Reporting to the Investment Committee and Outside Investors (LPs): 35%
  • Marketing, Due Diligence, Pitches, and Other Meetings: 30%

Even though I was a Junior Analyst, I still attended quite a few meetings and met real estate executives all the time.

Also, since my fund pursued some high-profile deals (e.g., re-developing a famous hotel), many political figures and non-real-estate companies took an interest in our activities.

We had a 12% hurdle rate with 100% catch-up, which was significantly higher than the 8% hurdle rate common at most PE firms.

But the hurdle rate is not that important in real estate because you tend to fail miserably or hit the jackpot; middle-of-the-road outcomes are less common.

We always received carry with full catch-up because all our investments yielded 20%+ IRRs, mostly because we got the timing right with our deals.

However, performance varies greatly by the fund.

Q: That’s a good point. On that note, what was the compensation like, and how was it linked to fund performance?

A: My base salary was ~10% lower than what IB Analysts at bulge-bracket banks earned, but my bonus ranged from 50% up to 200% of my base salary, depending on fund performance.

So, the ceiling was much higher, but compensation could also end up being lower if the fund didn’t do so well.

The Associate at my firm earned approximately £350k four years out of university, which was quite a bit more than the average IB Associate.

I also know people who earned considerably less than those figures because they worked for non-performing funds.

For example, they might have earned base salaries ~30% lower than what large banks offered, along with near-zero bonuses.

So, in short: Compensation is highly variable, more so than in generalist PE roles, and you need to join a fund with decent performance.

(NOTE: All compensation figures as of 2016-2017.)

Looking Back and Moving On

Q: It sounds like you had a pretty good experience there in terms of work, deal exposure, and compensation – why did you decide to leave?

A: It wasn’t my decision. There was a conflict at the executive level, and the CEO decided to force out the entire investment team and replace everyone.

The culture ended up being “not quite right” for me, either, which is ironic since I originally won the job because I fit in so well.

Q: And then you interviewed around and won an offer at a non-real-estate-PE fund.

Why did you leave real estate?

A: It’s not that I wanted to leave real estate; I had to find another job quickly, so I interviewed at a lot of places and accepted the best offer, which was at a European retail-focused private equity fund.

I had a few options, including healthcare and tech private equity funds and other real estate PE funds, but I didn’t like them for several reasons:

  • I still wanted to do something close to real estate. Retail was much closer than technology or healthcare.
  • Some of my RE PE offers were at U.S.-based funds that had a more cutthroat culture and longer hours. I wanted to avoid that, even at the cost of lower compensation.

It’s possible to move from a real estate private equity fund into a generalist one, but you have to do it early (i.e., after 1-2 years on the job).

The longer you stay, the harder it will be to transition.

Q: Thanks for explaining that. Is there anything else you want to add?

A: If you’re from a non-traditional background, consider real estate.

In both the U.S. and the U.K., it’s feasible to win offers at real estate investment firms without having a perfect pedigree, top academic results, or a string of internships at the biggest banks.

You get more exposure to investing and more substantial modeling experience, and if you decide it’s not for you, there are plenty of exit opportunities.

Q: Thanks for your time!

A: My pleasure.

The post What to Expect in Real Estate Private Equity in London When You Join Right Out of Undergrad appeared first on Mergers & Inquisitions.



from ronnykblair digest https://www.mergersandinquisitions.com/real-estate-private-equity-london/

7 Step Guide: How to Hire & Keep Great Employees

Your business is only as good as the people who keep it going. It’s worth spending time to improve your hiring process, onboarding process, and retention strategies because if you don’t, you will lose employees to your competitors. In this guide, we go beyond the basics steps of hiring and tell you what to focus…

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Personal Trainer Insurance: Cost, Where to Purchase, & More

Personal trainer insurance includes a range of coverage against bodily injury, property damage and malpractice that occurs as a result of your training. While some employers provide coverage for you, personal trainers will need their own coverage when working outside a gym, or even within a gym if you’re working as an independent contractor. This…

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How to Choose a Real Estate Company to Work For

After surviving my first year as a real estate agent in Manhattan, I noticed something very strange. Almost a quarter of the agents that worked there when I started had left the company. Why did so many people leave? Part of the reason people don’t stay with their first brokerage very long is that they…

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Amazon Seller Fees: What Does it Cost to Sell on Amazon in 2017?

Amazon seller fees include account fees and referral fees. Account fees range from $0 to $39.99 per month, and referral fees range from 6% to 20% of a product’s selling price, with the average seller paying 15%. Sellers also need to fulfill and ship orders, the cost for which will vary widely depending on the…

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Tuesday, September 5, 2017

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House For Sale 59 Beau Park Drive, BURDELL, QLD

House For Sale – $235,000 Negotiable

59 Beau Park Drive, BURDELL, QLDThis beautiful well presented family home with great street appeal is perfect for the first home buyer or Investor and is located close to schools, the North Shore shopping precinct, medical centre and aquatic centre.

THE PROPERTY
– Immaculate home very well loved and cared for and has been freshly repainted inside
– 3 Airy bedrooms
– Modern bathroom with shower and bath combination
– Modern kitchen with ample storage
– Large open plan living and dining
– Split system air conditioning to living area
– Split system air conditioning to two bedrooms
– Internal laundry
– 714Sqm allotment
– 6×6 meter shed to the rear
– Drive through carport to the rear of the home
– Fully fenced

THE LOCATION
– Close proximity to the North Shore swimming pool & Strand fitness
– Close proximity to North Shore retail precinct
– Approximately 12km from CBD
– Award winning development for families with plenty of parks and open spaces for residents
– Easy access to the Ring Rd providing quick links to JCU, The Townsville Hospital and Lavarack Barracks

House For Sale 59 Beau Park Drive, BURDELL, QLD

Nathan Lynham



from ronnykblair digest http://hausples.com.pg/house-for-sale-59-beau-park-drive-burdell-qld/

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What is a Chatbot – Using Chatbots for Business

A chatbot is a computer program designed to interact with people. It is capable of simulating seamless conversations with customers and typically exists on channels like Facebook Messenger, Siri, WeChat, Telegram, SMS, Slack, Skype and many others. Chatbots are transforming the way people interact with the internet – from a series of self-initiated tasks to…

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Talent Acquisition – How To Attract and Hire Top Talent in 4 Steps

Talent acquisition refers to all the different ways you maintain talent at your business — whether that’s keeping up on social media, using metrics to master you hiring timetable, or everything in between. Though often used interchangeably with ‘recruitment,’ talent acquisition is a much broader concept. In this article, we’ll cover the 4 main components…

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Monday, September 4, 2017

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House For Rent Smithfield

House For Rent – $560 per week

SmithfieldThis beautifully presented home in Canopys Edge Estate ticks all the boxes for location, convenience and luxury. Features include:
– Refreshing inground swimming pool
– Huge outdoor undercover entertaining area
– Separate lounge room and family room plus dining area
– Centrally located kitchen with plenty of storage, a large fridge space and stainless steel appliances including dishwasher
– Master bedroom with large built-in-robe and ensuite including double vanities and a double shower
– Three good sized bedrooms with built-ins
– Property is air-conditioned in all bedrooms and living areas
– Internal laundry with good storage space
– Double lockup garage with remote controlled access
– Low maintenance, fully irrigated gardens set on 600m2 block of land
– Fenced backyard with garden shed

The location is ideal – close to schools, Smithfield Shopping Centre, James Cook University and medical amenities

Call our friendly team today to book an inspection – 0412 993 086

House For Rent Smithfield

Professionals Cairns Beaches



from ronnykblair digest http://hausples.com.pg/house-for-rent-smithfield-2/

Unit For Sale 15/63 Moore Street, TRINITY BEACH, QLD

Unit For Sale – under offer

15/63 Moore Street, TRINITY BEACH, QLDThis excellent entry priced level Trinity Beach apartment, offers a priceless location, immaculate presentation and would suit either Investors or owner occupiers alike.

Within 100 metres from the beach, this solid 2 bedroom apartment presents fully furnished, currently achieving encouraging holiday returns and over looks lush tropical gardens.

Live in let out in this wonderful location you have all the great Esplanade amenities, cafes, restaurants and shops at your doorstep!

You will not find better value than this!

Unit For Sale 15/63 Moore Street, TRINITY BEACH, QLD

Rachel Blok



from ronnykblair digest http://hausples.com.pg/unit-for-sale-1563-moore-street-trinity-beach-qld/

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Sunday, September 3, 2017

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Unit For Sale 8/531 Varley Street, YORKEYS KNOB, QLD

Unit For Sale – $190,000

8/531 Varley Street, YORKEYS KNOB, QLDIf you’re looking for a great townhouse to live in yourself or as an investment, then look no further. Within a short walk to the beautiful Yorkeys Knob beach, the Boat Club, and the Golf Course, you are right in the middle of relaxed Northern Beaches living.

The property offers; two large light filled and airy bedrooms upstairs along with the main bathroom, whilst downstairs has a powder room located next to the laundry.

Other features included:
* Air-Conditioned
* Fenced courtyard
* Single lock-up garage with direct access to the property
* Brand new carpet in both bedrooms
* Loads of storage space

The complex itself is well maintained with manicured gardens and a great pool and BBQ area. There are also showers and a toilet in the pool area. All up, this is a good sized townhouse in a great location with very reasonable outgoings.

Inspection is a must.

Unit For Sale 8/531 Varley Street, YORKEYS KNOB, QLD

Shane Dennis



from ronnykblair digest http://hausples.com.pg/unit-for-sale-8531-varley-street-yorkeys-knob-qld/

How to Set Up Your Real Estate Facebook Page to Get More Leads

Along with your IDX website, your real estate Facebook page is one of the most important cornerstones of your online presence a Realtor. After all, Facebook has more than one billion daily active users. More importantly, most people come to Facebook to relax and socialize which means they may be more willing to engage with…

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Saturday, September 2, 2017

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Best Credit Cards for Startup Businesses: The Ultimate Guide

Startups will often use a business startup credit card to float working capital expenses, earn rewards, and manage employee expenses. However, many startups have trouble qualifying for a card. This means that the best credit cards for startup businesses are those with low APRs, high rewards, and relatively easy qualification requirements. The Chase Ink Business…

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Friday, September 1, 2017

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House For Rent Redlynch

House For Rent – $480 per week

RedlynchThis lovely property will make an ideal family home, centrally located in highly sought after and family friendly Redlynch. Side vehicle access ensures the storage of boats, caravans or work trailers is a breeze. The landscaped tropical gardens surrounding the resort style saltwater pool, outdoor bar and generous entertaining area take full advantage of our tropical lifestyle. The open plan layout boasting two separate living areas, provides ample space for families who enjoy plenty of room to move.
Property features:
– Three oversized bedrooms, all with built in wardrobes and air-conditioning
– King sized master suite with built in wardrobe and classy ensuite
– Double gate side access with driveway to a 6m x 3m shed
– Huge open plan, tiled main living area, complemented by a second living/dining area
– Functional kitchen with stainless steel gas cooktop, wall oven, dishwasher and plenty of storage
– Resort style pool set amongst tropical landscaped gardens
– Huge covered entertaining area outside features a bar and outdoor TV connection
– Double lock up garage
– Internal laundry with storage
– Fully fenced yard
– Security screens throughout
Centrally located within minutes to schools, major shopping centres, Cairns CBD, Crystal Cascades and the beautiful Northern Beaches.

Call our friendly team today to book an inspection – 0412 993 086

House For Rent Redlynch

Professionals Cairns Beaches



from ronnykblair digest http://hausples.com.pg/house-for-rent-redlynch/

House For Rent 11 Woodlake Ave, KIRWAN, QLD

House For Rent – AUD 320 pw

11 Woodlake Ave, KIRWAN, QLDThis fantastic home embodies a feeling of comfort throughout! Its perfect setting lays a short drive to Willows in a tightly held, really well regarded area.

THE PROPERTY
– 3 Good size bedrooms
– Master bedroom has private ensuite and walk in wardrobe
– Remaining two bedrooms have built in wardrobes
– Fully air conditioned
– Two living areas
– Great size kitchen
– Large patio
– Family sized main bathroom
– Internal laundry
– Tiled living areas
– Security screens
– Double garage

THE LOCATION
– Short drive to great schools
– Short drive to the Willows
– Short drive to 1300-Smiles stadium
– Short drive to Cannon Park
– Quiet, well regarded area

Call today for a private inspection!!

House For Rent 11 Woodlake Ave, KIRWAN, QLD

The Rental Team Graham Lynham Real Estate



from ronnykblair digest http://hausples.com.pg/house-for-rent-11-woodlake-ave-kirwan-qld/

Business Valuation Calculator: How Much Is Your Business Worth?

Deciding how much your business is worth is vital in maximizing your payout when you sell your business. There are two common ways get a rough business valuation: multiply either your annual sales or your annual profits by your industry’s average multiple. Our business valuation calculator below will help you calculate both. If you are…

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How To Offer Free Shipping On Your Products

If you’re wondering how to offer free shipping on your products without losing money, this guide examines ways to manage it wisely. From promotional deals to site-wide free shipping offers, we cover every option and explain how to approach each strategically. Done right, free shipping is a great tool, and we’ll show you how to…

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