Make More Money with Rentals

Slides:

Advertisements

Similar presentations

Course Title Presented by Alan Friedman & Daniel Jobe Friedman, Kannenberg & Company, P.C.

Advertisements

Music Product Inventory

Course Title “ Inventory : How to Manage Your Biggest Investment” presented by Alan M. Friedman, CPA Friedman, Kannenberg & Company, P.C.

OBJECTIVES Define “debt” and kind of debt found in music retailing today Discuss the “pros” & “cons” of carrying debt Illustrate how the “right” debt.

Course Title What’s my Store Worth? presented by Alan M. Friedman, CPA & Daniel Jobe Friedman, Kannenberg & Company, P.C.

Presented by. When buying inventory, which of these questions are “most” important to ask? Can I lower my cost for a larger order? Can I get a discount.

Poor Cash Flow Is NOT The Problem! presented by Daniel Jobe Joel Menchey Friedman, Kannenberg & Co., PC Menchey Music Service.

What is a Budget? Written estimate of future income and expenditures for a set period of time.

Chart Your Course to Business Success On Target Business Intensive: Session 6 May 1, 2012 Advisors On Target 1.

Presented by. When you buy inventory, which one(s) of the following questions are “most” important to ask yourself? Can I lower my cost for a larger order?

“Top 10” Smart Things for 2013 Presented By Alan M. Friedman, CPA and Daniel Jobe Friedman, Kannenberg & Company, P.C.

Presented By Alan M. Friedman, CPA and Daniel Jobe Friedman, Kannenberg & Company, P.C. Beware of How You “Treat” Your Music Teachers.

“Top 10” Smart Things To Do In 2012 Presented By Alan M. Friedman, CPA and Daniel Jobe Friedman, Kannenberg & Company, P.C.

Chapter 3 Financial Management Part 2 BCN 4772 Summer 2007.

Revving Up Revenue Daniel Jobe Friedman, Kannenberg & Co, P.C.

Course Title presented by. Today’s Discussion: Talk about the expense cuts we’re NOT going to talk about Talk about the tougher, more personal expense.

Gayle Beacock, Beacock Music & Education Center Chris White, White House of Music Daniel Jobe, Friedman, Kannenberg & Company, P.C. Moderated by: Kevin.

Presented By Alan M. Friedman, CPA and Daniel Jobe Friedman, Kannenberg & Company, P.C. Make More Money with Rentals.

McGraw-Hill/Irwin ©2008 The McGraw-Hill Companies, All Rights Reserved CHAPTER14CHAPTER14 CHAPTER14CHAPTER14 Disposition and Renovation of Income Properties.

Effective Case Costing for your ASC Jason Beam, RN, BSN CASC Sr. Vice President of Operations Ambulatory Surgical Centers of America.

Presented By Alan M. Friedman & Daniel Jobe Friedman, Kannenberg & Company, P.C.

REAL ESTATE Investments Vocabulary Rental Property – real estate available for being rented and an alternative to investment opportunities available.

WELCOME. WHO WE ARE We are Pacific Tycoon, the leaders in container leasing. As a well-established container leasing company, we facilitate the dependable.

WE WILL COVER: EXPENSES TERMS & CONDITIONS ADVANTAGES DISADVANTAGES THE LEASE AGREEMENT Renting an Apartment You will soon be out on your own, possibly.

Sources of finance Hodder & Stoughton © 2016.

E-commerce credit card processing - ensure a smooth business operation.

Personal Finance and the Time Value of Money by Matt Ingram Invest Ed® All Rights Reserved Oklahoma Securities Commission July 2016 The Far Side sumgrowth.com.

Unit 3 – Sources of Finance All types of business need money to? Write 4 things down. Buy supplies – from suppliers Pay staff Buy equipment Pay bills Pay.

A21 Business Studies (Investment Appraisal)

Choice and Evaluation of Investment

Planning for the Future

Beware of How You “Treat” Your Music Teachers

Personal Finance Annuities

Oklahoma Securities Commission

Family Economics and Financial Education Take Charge of your Finances

Financial Management Financial Planning

Key Concepts and Skills

MY IDEA FOR A SMALL BUSINESS

Mortgage Leveraging for Maine

Credit and Credit Cards

“Top 10” Smart Things To Do

What are the different ways you could pay for a car?

Family Economics and Financial Education Take Charge of your Finances

The Purpose of Accounting

Unit 2 The Basic Accounting Cycle

Why schedules are important

Music Product Inventory

Let’s open a lawn mowing business!

Is It Safe to Invest in Real Estate ?

How to Avoid Common Mistakes of Commercial Real Estate Investments.

Pricing strategy for each source of revenue

Kevin J. Collins, CPA/PFS, MST

Investment Appraisal Mrs Gordon A2 business.

Family Economics and Financial Education Take Charge of your Finances

FEFE Take Charge of your Finances

Friedman, Kannenberg & Company, P.C.

Lesson Objectives All students will understand Most students will

13 Income Capitalization Approach

Financial Statements 101.

Time Value of Money Accounting in Action Learning Objectives AppendixG

Shoot for the $tar$, You Might Hit the Moon! Daniel Jobe

Family Economics and Financial Education Take Charge of your Finances

Family Economics and Financial Education Take Charge of your Finances

Family Economics and Financial Education Take Charge of your Finances

Ch. 13 – 14 Quick Review What is the purpose of an economy?

Financial Record Keeping and Analysis

How to Create a Budget.

Strategies and Insights to Control your Business

Financial & Business Planning

Getting Trading Ideas Personal Finance Lab.

Presentation transcript:

Make More Money with Rentals Presented By Alan M. Friedman, CPA and Daniel Jobe Friedman, Kannenberg & Company, P.C.

Session Objectives Review the core components of a healthy rental program Learn how to evaluate your rental program profitability Discover new ways to make your rental program more profitable Q&A Along the Way

The Basics of Rentals

Relationships are Key! School Districts Music Instructors Repair Facilities

Keeping Track of the Rentals Monthly Payments Collections

The Legal Side of Rentals Are your contracts legal? Do you know how to account for the rentals?

A Quick Test….which one is correct? OPTION #1 OPTION #2

Rentals are an Investment Bank financing may be needed!

Can you “afford” to rent? Year Year Year **This scenario assumes all units are rented and payments are made. Additional overhead costs are not reflected.

Measuring the Profitability of your Rentals

Net Rental Income Are you making money?

Rate of Return on Rental Investment How long does it take you to recoup your cost?

Rental Instrument Pool Cost $275,000 Annual Rental Income $235,000 Rental Instrument Pool Cost $275,000 In this example, this rental pool recoups 85% of its cost annually. That means it takes a little over 14 months for this pool to “break-even” from a cost perspective.

Instrument Return Rate. Do you have any instruments Instrument Return Rate Do you have any instruments on the shelves at the end of the rental season? Delinquent Accounts The only thing worse than “slow payers” is “no payers”!

Making Rentals More Profitable

Are you priced competitively and to make a profit?

Foster Existing Relationships Intermediate and Pro Instrument Upgrades Private or Group Lessons Performance Opportunities Relationships with Music Instructors Encourage and give them tools to start more beginners Ask them how you can help them grow their program

Track Everything for Improvement Monthly Profitability Collections Annually Rental Returns Rate of Return on Rental Investment

Consulting Meetings Contact Jen outside the Idea Center entrance after this session to set up a meeting time