According to UpNest, a real estate website, the driving forces include the following:

● Inflation: Although inflation hits people, for real estate depositors, it can create wealth. This is because not only does the monthly payment on a fixed-rate loan stays the same for 30 years, but taxes and insurance, too, increase very slowly, if at all. The worth of a property rises each year, but the cost of possessing it doesn’t due to inflation. Thus, the value of your asset will increase year after year thanks to inflation.

● Appreciation: If you have invested in a property where the value of homes increases rapidly, then the value of your property will also increase year after year without any extra capital expenditure. So, the location of the property becomes essential.

● Yearly rent increases: Since the cost of housing keeps pace with inflation, the property you own does not. This is because your mortgage interest rate is fixed. So, while the rental income of your property increases, your costs remain the same. This adds to your profits.

● Depreciation: This does not mean depreciation in the value of your property, but the tax break that IRS allows real estate investors. It allows you to deduct a percentage of the value of the investment property for its IRS-determined lifespan.

● Leverage: Leverage means using other people’s money to make money. It uses borrowed capital to increase the potential return on investment. In real estate terms, it means making money from property that is worth much more than your cash outlay.

Steps for profitable real estate investment

Once you understand the driving forces influencing real estate, you get the idea of how to buy real estate safely. Let’s see what all you should look for while investing in property.

#1 Buy property in budding real estate markets

Look for property in up-and-coming areas. The cost of real estate in these locations will below, but the value is bound to rise with more people with better income moving into the area. Once these neighborhoods become more sought after, the property is bound to get appreciated every year. The key is never to sell such property, but rent it out for regular income.

#2 Have a clear aim while investing

You can only get a precise aim of why you want to invest in a particular real estate through thorough research. This will not only give you a clear end goal but also help in forming an exit strategy. Once your real estate investment aim is clear, real wealth is bound to follow.

#3 Earn from rents

The best way to earn from your real estate is to give it out on rent. If you have invested in residential real estate, it will be easier to rent it out. Such property retains its value even in the event of a downturn.

#4 Invest in multiple rental properties

Buying multiple rental properties is the most effective way to create wealth in a short period of time since you receive money from multiple income streams. This is not the only advantage. Such properties also spread out the risk of unpredictable market movements.

#5 Timing is everything

Timing will help optimize your capital gains. Although everyone buys during the ‘boom’ phase, buying in the ‘non-boom’ phase, when everyone is selling when the market is down, is advised. The key to identify when the market is down is to discover the trend and then act on it.

#6 Buy right

In a real estate venture, money is made when you buy, not when you sell. This is because your purchase price determines your profit later on. So, buy right by determining the potential value of a property. Find out the realistic sales price of the property after all the required repairs are complete. Also, find out what is the total scope of work to bring it to that value.

#7 Research, but also follow your hunch

You will need to do your homework by using all the information at your disposal while investing in real estate. Although research is a good indicator of the suitability of investing in a property, don’t ignore your instincts. At times, relying on your intuition or gut feeling shows you the right way.

Conclusion

There is no doubt that investing in real estate is the most effective way of wealth creation. This is because few ventures offer the same level of flexibility as real estate investing. However, deciding where to start can be challenging. These tips will help in making the right decision regarding real estate investment.

Still, at some point, you will probably face some customer objections. In most cases, the way you handle these complaints can make a difference in whether you keep customers in the long-term perspective, either lose them forever.

Below, we’ll provide you with 7 tips to make your company more proficient at managing complaints and resolving them in a way that satisfies both customers and your business. So, here’s what we recommend:

1. Start with giving a sincere apology

Despite there are many factors influencing outcomes of your online service work and some of them aren’t your fault, your business should take responsibility for any product-related problem. Sometimes, even a small gesture of apology (it may be a client package upgrade or a gift/discount certificate for the next purchase on your website) can result in a future positive recommendation instead of your reputation failure.

2. Show that you are listening 

As a business, you might deal with complaints and handle them regularly. Still, from the customer’s point of view, his/her complaint is unique, and every client wants to know they are understood while their problems are heard. Reasonably, they are hoping you are willing and able to take care of the problem and fully complete their initial request. No matter what the situation is, treat every complaint as a chance for your resume writing team to advance its proficiency and learn to appreciate your customer for the feedback, whatever it was.

3. Ask instead of just telling

Remember that customer support isn’t always about being right, sometimes it’s rather about being willing to make it right. The challenge is to handle the situation showing that you are willing and able to address any other issues the customer may have. To do that, develop and use supportive questions applicable to your field of activity.

Keep away from asking customer questions like “Is there anything else wrong?”, as it will probably lead your discussion to a negative outcome. Conversely, querying on your further assistance with simple “How else can I help you today?” will demonstrate that your brand cares about its clients.

4. Empathize your customer

When dealing with negative feedback try to imagine how would you feel if you were the one making the complaint. Understanding your client’s feelings is a principal element of excellent customer service, especially when it comes to such an exclusive service as crafting one’s resume.

Let the customer deliver his/her feelings and do everything within your capabilities to resolve the issue. The aforementioned approach to solving problems in difficult or challenging situations will make your clients feel more than just a number on a database. They will calm down and trust your service more.

5. Offer a solution

Find out what kind of resolution would satisfy your client. If you can give them what they want, do it. In the adverse situation, try to find the alternative way out to stating your service’s customer loyalty. Finding some sort of satisfying compromise will prevent you from making a promise you cannot commit. Be polite and attentive when offering any type of solution. Take charge of the situation without delays and inform the customer what you are going to do to resolve the situation.

6. Maintain your brand’s social media presence

These days, social media platforms have gained the biggest popularity ever, and the job search market hasn’t become an exception. Modern businesses are more and more likely to use social media as a key means of communication with the public. With job search announcements gradually shifting from formal web platforms to social media channels, more and more users pay attention to the informal brands’ presence. For instance, the one who wants to order a personalized writing service will probably look through Resumewriters.com complaints to check whether your services worth his/her time and money based on other customers’ reviews.

7. Act on the obtained knowledge

To take the most out of customer complaints, keep comprehensive records of all initial problems your resume writing service faced and how did you solve it. Having those in a distance of several clicks will enable you to identify common issues your customers struggle with and take actions to enhance the processes of your service. Resolving customer complaints will also benefit you in a better understanding of their needs and improved chances to retain them as loyal customers.

Conclusion

In brief, there are several commonly used criteria to evaluate a resume writing service. Customer feedback, either positive or negative, is among the most influential ones. Having a clear plan for dealing with customer complaints is a strong tool for your customer service team to manage unhappy customers quickly and effectively.