The 5 Most Important Priorities for Choosing an Apartment on Rent

Renting an apartment is very common nowadays. But before choosing, you need to know some important things to look for. These things matter the most when you are renting a new place, so you should give them a priority before finalizing one. From convenience to cost, everything matters for your search.

Here is a list of five things to consider before renting an apartment.

The lease terms

The lease is the most important feature of an apartment. All the other aspects entirely depend on the lease. The contract should clearly state the price, previous damage, lease term, and amenities. Read the contract carefully before signing and make sure that you understand every detail thoroughly. You should know about what happens, just in case you are not happy with the neighbours and also the cost of breaking the lease before the actual time period.

The neighbourhood

Before signing the lease finally, knowing about the neighbourhood is very important. In order to check out all of these things, opt for an internet search. To know about the level of noise and usual activity of the city, take a round of the area at different times – during the day and at night. Talking to the neighbours is also a good way to know them well. Do a proper research in order to avoid moving to a crowded town or a retirement community unknowingly.

The pricing

Compare prices of all the properties in areas where you plan to rent an apartment. Costs of your previous apartments are also needed to be compared to, just get an idea about the right price. You would even have to cut your monthly budget to get an apartment in a nicer place.

The existing damage

Take note of the damages that are visible in the apartment while touring it and report the same to the landlord. Before starting the lease, make sure that all the damages are already fixed. If the landlord does not fix the damages, then ask him to lower down the amount of your rent. Mention all the defects and damages to the landlord before signing the contract.


Consider the included amenities of the apartment before finalizing the same. Make sure that the apartment has a parking spot, dryer and washer. Look for the nearest laundromat in case your landlord does not provide on-site laundry. If you are not getting all the required amenities, then ask your property manager for the alternatives or a concession in your rent.

Thus, consider all the above-mentioned priorities in order to rent a perfect apartment that will be worthy of your investment.

Furnished Apartments For Short-Term Renting

Short-term leasing of furnished apartments is becoming a popular trend these days. The short-term lease gives the tenant the benefit of vacating the premises as per his convenience or extending the lease if required.

What is a furnished apartment?

It is an apartment which comes with all the basic furniture. It has an equipped kitchen with a cook-top, microwave, refrigerator, etc. The kitchen also has the required utensils, cutlery, etc. In addition, this type of accommodation has a washer, dryer, etc. Some apartments provide cleaning services.

People who need apartments for short-term rentals are:

  • Individuals who are staying in a rented accommodation and are laid off. Such people look for a furnished apartment for a short-term. This enables them to be located in the same area and look for new opportunities.
  • When someone needs to move to another city for a short assignment. He/ She will prefer to stay in a furnished accommodation rather than a hotel.
  • Many tourists are preferring apartments to hotels.
  • If one has moved to a new city, then one might use a furnished apartment till they find a home of their choice.
  • When one is shifting home or getting their house renovated, they will prefer a furnished accommodation to a hotel.

Benefits of a furnished apartment on short-term rental:

  • It is like a home away from home. It is apt for weekly, monthly or even six-monthly stays.
  • It is cheaper than a hotel.
  • For families, it is a better option as more space is available.
  • These accommodations have separate living rooms, kitchens, and bedrooms. This gives professionals on assignments, enough space to relax and work comfortably.
  • If the people staying in the apartment have guests, they can be easily accommodated at no extra charges.
  • This type of accommodation gives the guests more privacy.

Drawbacks of a furnished apartment on short-term rental:

  • The owner generally charges a higher amount for a short-term lease when compared to a long-term lease.
  • If the tenant needs to renew the contract, the owner can change the rent and the terms and conditions of the contract as per his will.
  • Most furnished apartments are booked online after viewing the pictures. Many a time, this can be misleading. When the guests arrive and do not find the accommodation up to their expectation, it is very difficult for them to find other options.

As we can see the benefits outweigh the drawbacks. Also, these drawbacks can be managed to an extent. The tenant can negotiate the rent and the terms of the contract. The reliability of the pictures and the apartment can also be cross-checked.

Few Tips To Consider Before Freezing On Your Preferred Rented Apartment

Are you in search of an apartment that you need to rent while you don’t have enough finances to buy your own space? Various families tend to rent apartments in the meantime prior to that and can save enough money to purchase a dwell and seek the help of a credit or loan. Finding rented apartments according to your preference is really not that tough these days, but you will have to be patient enough while looking for the right one for you and your family.

Therefore, here are a few ways that could help you in properly searching a place for rented apartments and renting one for the time-being:

    • The first thing you will need to prepare is a renter’s prospective, where you can put all your previous addresses and landlord’s contact details in it. You can also put your employer details and how many years have you been working with that organization. You could even include your salary details, preferences and various other concerns that you need to include. A credit or financial report can also be attached to the resume if you really want to smack it off well with the prospective of the landlord. Therefore, preparing your renter’s perspective will provide you with a frame among other renter’s out there where you will be having a higher chance of having the apartment.
    • The next step is to decide the budget that you are interested to spend on the rent. You cannot press on through your search if you don’t have any idea about how much you can pay for it. First of all, in a rented apartment, you need not pay more than 30% of your monthly income otherwise you’ll eventually start losing money for your other payments. After that, if you already have decided on your budget, then it is the perfect time to initiate your search for rented apartments with the help of local newspapers, classifieds, or even internet.
  • Finally, you need to find an apt option to hire a rental agent who could help you to find out an apartment, but evidently, you need to pay him for the services they are offering to you, which could just add on cost to you. It would be better to take an apartment on sharing basis with any other person, who might also be willing to move out of their current home and live independently.

After finding your prospective rented apartments, the best thing would be to visit them personally and look over all the penny details of the place if there are any damages and how much will it cost you to repair them.

Sell Your House Fast, and Make a Profit! Wrap Transaction Explained

he Housing Market of Today…

Welcome to the post 2008 housing market. The interest rates are at an impossibly low rate, qualifying for a new mortgage is impossibly hard, and selling your home the conventional way may no longer provide a large windfall of cash.

Days on Market…

Selling your house fast in this housing market might seem like an impossible task. Average days on market in South Texas hovers around 190 days. In my home town of Harlingen TX, a full year on market is not unheard of. with this kind of turnaround time for a home sale, finding yourself in a situation where you need to sell your home quickly could prove to be detrimental.

There’s only one reason a house doesn’t sell…

Your house is not too ugly or run down, so don’t worry. I’m a firm believer that there is only one reason a home or any item of worth doesn’t sell, and that’s price! I’ve mentioned before that real estate agents don’t set the price; I would like to make an amendment. I need to add that tax value should also be taken with a grain of salt. The Market sets the price, Adam Smith’s invisible hand at work. Show me a run down, dilapidated, haunted home, and I’ll show you the correct sticker price. So how do you sell your home quickly and still walk away with a profit?

Forget the home, that’s not the asset…

In today housing market it’s important to let go of the traditional way of thinking. Selling your home does not have to be a slow and painful process, and selling your home fast doesn’t mean you have to sell it at a deep discount. If the home can’t be sold quickly, sell the mortgage. People need a place to live. If you would be willing to take a little risk, selling the home under what’s called a wrap could lead to big profits; or at least allow you to exit the property well off.

Tell me about this wrap…

I’m not an attorney, nor do I play one on TV, so you’re out of luck on the legal department. I suggest you get real familiar with your states laws, this information can be found on the internet. I can only speak for my state, and even then things change! Under Texas law, it’s legal to sell your home under a wrap note. A wrap is a form of owner financing. This means that you essentially become the bank and add a new mortgage to the existing one (your mortgage). This can add a lot of value to the home sale since the new buyer will not have to qualify for a bank loan. It’s hard for the buyer to negotiate a lower price when they are asking for owner financing.

Benefit of a wrap…

The benefits of a wrap transaction is that it allows you (the seller), to sell your home quickly. Many times you can sell at a profit, but wait, there’s more! It allows you to create monthly cash flow. Since you will be adding interest to the loan, say 11%-12%. You earn interest from the banks money as well. Put simple, you sell your home for $10,000 to $20,000 more than what you could selling the home using traditional methods. You originate a new note, (promissory note) for the extra amount and ask for 10% of the purchase price up front in cash. I’ll sum it up: $200-$300 a month in cash flow, $20,000 note that will need to be paid by the buyer if they ever want to sell it, and a nice chunk of change up front! You could then take your new note and sell it to a note buyer, but that’s for a different article. If you amortize the amount you will see that if the buyer does not refinance, you’ve created substantial wealth over the life of the loan. $100,000 at 12% interest for 30 years, is roughly $373,000. If the owner does refinance, your $20,000 note will get paid.

It’s not all sunshine and rainbows…

If you’re an economist like yours truly, you will be familiar with the saying “there’s no such thing as a free lunch,”. A wrap transaction does come with several different risk factors. First there’s the due-on-sale clause, which give the bank the option to call the loan due if the deed transfers. This is a risk you need to be aware of, and accept. Very few loans get called due, it should only become a problem when the bank stops receiving their money. Risk number two comes in the form of your new buyer. What if they stop paying? Well the quick answer is, you don’t stop paying. The bank never sees a late payment because you will continue making the payments. You should have saved some of that up front money, and monthly cash flow to help you out in this sort of scenario. The good news is, you can foreclose on the buyers quickly, and re-sell the home the same way you did before, and you get another down payment to off set the loses.

Handling risk…

We all have a different tolerance for risk. Keep in mind that the wealthiest people in America did not build wealth by playing it safe. Taking risk is just another part of life. With that said, learning to lower your risk when possible is highly advisable. You can save your self a lot of trouble by pre-qualifying your buyers, in Texas, it’s law.

Have your ducks in order…

From beginning to end, having a good real estate attorney is always advisable. Make sure the attorney will be able to help you if you need to foreclose on the buyers. You’ll sleep much better at night knowing that if things go south you have a plan and someone to help you execute it.

Don’t want to do the leg work? Call a good wholesaler…

A knowledgeable wholesaler should be able to juggle all the moving parts of this type of transaction. In addition to already having a good team of closing agents, and attorneys, they might already have a buyer! Keep in mind that wholesalers must insert themselves in a principle roll to facilitate a transaction like this. This means that they will be your buyer, you negotiate everything up-front. Then, once he or she as equitable interest in the property they can look for a new buyer to take their place. The wholesaler makes their money from the assignment fee.

Word to the wise..

As always, it’s good to do your own research regarding the state laws and regulations. I highly recommend asking a lot of questions; this advice is something I practice even when I’m technically done asking questions. There’s no excuse for not doing your own homework.

10 Great Tips To Sell Your Home Fast

Check out these great tips to sell your home fast. If you are thinking about selling your home, follow these steps and you will sell your home fast.

1. Price is the most important factor when it comes to selling your home. Over price your home and it will not sell. Every home will sell at the right price. You need to make sure you understand how much homes are selling for in your neighborhood and are they good comparable homes to yours. You need comps for homes that have sold, not listing prices. Homes may be selling for more or less than list price based on the market you are in. Your home will get the most activity in the first 30 days your home is for sale. Many sellers over price their home and miss out on the first 30 days.

2. Pick the right real estate agent. You need to find a real estate agent that you can trust. Selling your home is very important to you and you need someone qualified. You need to find an agent that understands the current housing market in your area. Knowledge of the market will help you choose the right price and strategy to sell your home. You need to trust your real estate agent and be someone you can work with. You need a real estate agent with a strategy to meet your goals and objectives. You want a real estate agent that is motivated. Your agent needs to be motivated to follow up on all showings, return phone calls, keep you informed throughout the process. You also need a real estate agent with relevant experience. Experience is not measured by years as a real estate agent, it is measured by the number of transactions completed each year.

3. You need a pricing strategy to meet your goals. Selecting the right price is the most important decision you will make in selling your home. You will choose a different pricing strategy if you need to sell your home today versus a home owner that has more time. Another consideration is the condition of your home. You should ask yourself these questions,

Do I want to sell my house with these appliances?

Do I want to sell my home with this paint?

Do I want to sell my home with this flooring?

Be careful not to over spend on upgrades. Some upgrades have a positive return on investment others have a negative return on investment. Do your home work and decide what repairs you are going to make.

4. Get the right curb appeal. Buyers have already judged your home before they walk through the door. You never have a second chance to make a first impression. It’s important to make people feel warm, welcome and safe as they approach the house. Stand in the street and take a critical look at your home. Get rid of the weeds, rake the rock, trim the bushes, and get rid of anything that is not needed. How about the paint on the front door, garage door, and trim?

5. The biggest return on investment is clean. Clean the entire home including windows and every corner of the home. Clean your home and keep it clean at all times. I know this sounds simple, however it is the greatest return on investment.

6. Another great return on investment is paint. Painting a room or the house is relatively inexpensive and makes a huge difference in a home. I recommend home owners hire a professional painter unless they are very good painters. You better know how to “cut” all lines perfectly or your home may look worse than when you started.

7. Another great return on investment is to de-clutter your home. Start packing because you are getting ready to move Have a yard sale if you need to get rid of stuff. Remove all your family pictures from your home. Go through each room and remove as much as you can and still live in the home. Your home will feel much larger with minimal furniture in each room. Pack your clothes that you are not using. This makes your closets seem larger.

8. You need to make it easy to show your home. The easier it is to show the easier it is to sell. You never know when someone will want to view your home. Make sure the home is ready to be viewed at all times and make it easy for potential buyers to view your home.

9. Tell everyone you know that you are selling your home. Place fliers any place you can such as work, library, any place they have a bulletin board.

10. You need a plan for your pets if you have them. If some one wants to look at your home, do you need to take the pets out of your home or in a kennel.

Your home will sell fast if you get the first two tips right. If you are seeking top dollar for your home, you will need to get more of these tips right.

7 Keys To SELLING A House

A homeowner lists his house, for sale, on the market, because he decides he wants to sell it. While reasons, attitudes, needs, etc, often differ, as well as priorities, timeliness, etc, why would anyone do so, if selling the house, were not his objective? However, after over a decade as a Licensed Real Estate Salesperson, in the State of New York, I have witnessed how often these individuals become their own worst enemies, either because of unrealistic attitudes or expectations, failure to listen to their professional real estate agent, or a number of other behaviors, etc. Therefore, let’s review some basic keys for SELLING a house.

1. Show; strengths; system; salesmanship: Homeowners must commit to making the house, as easy as possible, to view/ show! How can it be sold, if prospective buyers fail to view it? Hire an agent who actually shows the house, explaining its strengths and advantages, rather than merely bringing prospects, and opening the doors! Does your agent have a well – explained, quality system, which he has explained fully, so you are on the same page? How well – versed, in the art and science of salesmanship, is the agent you have hired?

2. Experience; expertise; empathy: There’s a big difference between a buyer, and a qualified buyer! However, the only way to learn that distinction, is to get to know the people! Learning their needs and what they want, and showing them how your house meets those needs, is the type of empathy, needed. Doing so, requires a combination of experience and expertise!

3. Listen; leadership: Agents must carefully listen to what their clients (homeowners), as well as their customers (potential buyers) are saying. Don’t merely hear, but listen intently, and focus on viable solutions! Every homeowner should seek an agent, who demonstrates quality leadership!

4. Love: Does the real estate professional merely go through the motions, or does he merely sell, or, indeed, does he love what he’s doing? When agents enjoy what they’re doing, focusing on needs and people, the sales come naturally, and far less painfully!

5. Investigate; invest; integrity: Quality agents start by investigating, and discovering all relevant factors and possibilities, in order to be prepared for any eventuality. He must be willing to invest his time, energies and marketing resources, to get the transaction done, in the best interests of his clients. Most importantly, one’s integrity must be absolute!

6. Needs; nuances; niche: Who might be the niche buyer for this particular property, and why? How will you attract these individuals, and will you utilize the most appropriate nuances? Will you proceed as a needs – oriented, solution – solver, or just focus on selling?

7. Greatness; grace: It takes a certain degree of self – discipline, and grace, to maintain one’s composure, focus, and positive attitude, despite certain obstacles and challenges. It might not always be that easy to do, but is a necessity of greatness!

Team up with your real estate agent, to take advantage of the rules of SELLING. When homeowner and agent, work together, every step along the way, the transaction process, invariably goes more smoothly!

What You Need To Know About An Appraisal

1) Examination of the Property

The physical examination of a property is performed by an appraiser. These types of visits are usually brief if the house is in good condition. Other factors that contribute to the lengthiness of the appraisal are the Gross Living Area (GLA) and the design of the home. A home with a large living area will take longer than those examinations for smaller homes. Also homes that are designed a bit more complex will lead to longer examinations. A typical home appraisal takes about 30 minutes to complete and are required by the lender who is completing the loan.

2) Selecting Comparables

This part of an appraisal is when the appraiser chooses a nearby house that closely resembles your home and has closed within the last 6 months. Most appraisals require at least 3 closed comparables, 2 of which have closed within 6 months and another that has closed within 12. No comparables will be taken into consideration if it has closed 12 or more months prior to the appraisal. Some lenders are now requiring comparables that are pending or still active to be included. The comparable is usually within a 1 mile radius of the location of your home but the proximity of the comparable differs between suburban and rural neighborhoods. Suburban homes tend to require a comparable that is no more than 1 mile away while homes located in a rural type of neighborhood can be as far apart as 5 miles. The appraiser will choose the most appropriate one and include it in the Appraisal Report.

3) Completing the Appraisal Report

After the examination of the property and choosing the best comparable sales available, the appraiser can now begin to compile the Appraisal Report. The appraiser evaluates all information that is entered into the report so that they can determine an accurate Market Value of your home. This report is usually handed back to the client after seven to ten business days of the appraisal. One must understand the difference between a home appraisal and a home inspection. Read this article so that you are aware of what those differences are.

These three main categories are what complete an appraisal report when trying to sell your home. Though they may vary somewhat throughout real estate, this is typically how an appraisal is performed. Next time you are looking to sell your home keep these topics in mind so that you are aware of what the appraiser is looking for.

Tips for Selling Real Estate Land

When you have land for sale, you can use several successful selling techniques. A plot of land is a piece of real estate that normally does not have any type of buildings on it. To sell the land successfully you will need to research the possible uses for the land, prepare all the land documentation and information upfront, and advertise close to home and away. It can be difficult to sell land because it lacks some of the amenities and features that can help to sell a property that is more developed. When gathering and preparing land documentation make sure you have the deed or title, and a recent land survey.

Review the land survey to get some of the figures and facts that you want to use as selling points on the land for sale. This can include the acreage or square foot of the lot, if there is anything sitting on the land such as a building, and the shape of the lot. Even if it does not have any actual buildings, there may be other selling points like trees, a pond or lake, sewer system or well, etc. You should also research thoroughly any zoning options the property could have.

You should talk to your neighbors to see if they would be interested in buying the property before you put it up for sale, whether it is in an urban or rural setting. If you are able to sell it to one of the neighbors, it will help to relieve you of putting together a plan to promote the selling of the land, advertising it, and possibly having to pay a commission to a real estate agent.

When putting your land for sale it does not limit you to selling it to people living in the immediate area. If you do have to put together a marketing plan and advertise it for sale include different techniques to reach people out of the area. One example would be if the land for sale is in Florida, someone in Michigan or New Jersey may be looking for property in a southern state on which to build a retirement or vacation home later in the future.

Some of the best marketing and promotion options when having land for sale is the Internet that have a reach beyond where the land is located. Many advertising sites on the internet are free or cheaper than advertising in the newspaper in places beyond the immediate area. When using internet-advertising sites, some have you type in the ad and then select where you want it to be published. With a newspaper, you have to write your advertisement in each newspaper. Internet advertising is less time consuming.

Tips To Get Your Search For Homes For Sale In The Right Track

Buying a house is a major financial decision that will not only give you a peace of mind, but also a wonderful place to live, and of course, the perfect location to start a family for those who are planning to settle down. Sooner or later, you will have to decide to settle down on your own home that will be considered as the best location to start a family.

That being said, it is important to greatly consider the factors that will affect your everyday living experience. The following tips will help to get your search of to the right start. While it is important to note the number of rooms, the size of the yard and the layout of the kitchen, there are several important things you need to consider before making an offer.

Avoid trying to time the market

– Trying to time the market when you are planning to purchase is impossible. Considering whether the market drops low or gets too high will only prolong and possibly make you lose your chance of owning your perfect house of choice. The best time is when you find the best one that you can afford. The real estate market is cyclical, and waiting for the perfect time will only make you miss out on an opportunity.


– Proximity to essential establishments and the surrounding people can give great impact in your living environment. You can overlook a couple of imperfections in a home if you love the neighborhood and neighbors. As most would say, three of the most important factors in buying a home is location, location, location. When choosing, you need to consider its proximity to your work and other essential establishments, environment or the neighborhood, and public transportation.


– Of course, you will need to check everything out inside the house. When you have finally narrowed down your list of choices, it’s time to hire a home inspector. It may cost a little but in the long run, it will end up saving you thousands. This will help you gain the best information regarding the new home so that you can make the best decision as to whether or not take it.

Situation factors

– One important thing to note: when buying a home, you can easily replace furniture, and other things inside however, you can never change the location. This is why it is important to also check the situational factors. Is the location suitable for kids, pets and gardening? Do the neighbor’s window look directly to your home? Has the driveway elevation properly installed for safe access to the property?

Four Strategies to Buy Rentals With No Down Payment

This tends to be a pretty controversial subject, and for good reason. When I was getting started in the business, I was young and broke and had no credit to speak of. I was not qualified to borrow money, yet I figured out how to buy properties, and I bought a lot of them. It was not long before I became a full time real estate investor, and on paper, I was a millionaire long before my 30th birthday. I accomplished this with a lot of hard work, education and tolerance to take the risk.

With all this said, just because you don’t need money to buy houses, does not mean you should have no money. I am a big, big believer in this. You see, although I was a millionaire at a young age, I basically lost it all when the market shifted. I was too aggressive with my growth, and did not establish an appropriate amount of reserves. After starting over, I structured things differently and am in a good position to not only survive a down turn, but to thrive in it. In this article, I will briefly walk through 4 ways to buy rentals with nothing out of pocket, but want you to understand that this does not mean you should own rentals with no reserves.

Owner Finance: This could mean many things, but for the purposes of this article I am going to assume that the seller of the home is extremely motivated and is willing to basically sell the house just to get away from the mortgage payments. This is commonly referred to as a subject-to transaction because you, as the buyer, will take title subject-to any other liens that are in place. What this means is you get ownership of the house, but the seller is still on the hook for the loan. You as the buyer will agree to either pay off the loan or make payments on the loan on their behalf. If you don’t, the lender can foreclose and wipe you off of title.

The seller is taking a tremendous amount of risk with this type of transaction, so it is difficult to negotiate and they need to be extremely motivated. It works well for you because you don’t need down payments or to qualify for a loan. It works for them because they have someone else making the payments on their loan, which relieves them of the payment pressure, and potentially can improve their credit. As you become more experienced, this is a strategy you will want to look into. This allows you to purchase an unlimited number of cash flowing properties without ever needing to qualify or sign for a loan.

Lease Options: This is the strategy that really worked for me when I was just getting started. I like it a lot because it is easy to explain to the seller and it is not difficult to get them comfortable with it. They still need to be motivated to want to do this, but nothing like the subject-to transactions.

The way this works is you negotiate with a seller of a home to lease the property for a set period of time. I would typically negotiate 10 years on these, but it can be anything you are comfortable with. The rent amount will be set. From there you agree on a price to buy the property for sometime during the lease term. The price is typically locked in close to today’s value. You then sublease the property, hopefully for more than your rent payment, and wait for the value to increase. If the value does not increase, which has happened to me, you can either re-negotiate the deal or let the property go. You have no obligation to buy, so you are not taking the risk of market fluctuation. If and when the value does increase you have several options: You can sell your option, exercise your option and resell the house for your profit, or just exercise the option and keep the property in your portfolio.

Bridge Loans: The idea here is to find a property that needs a lot of work that will make a good rental. You need to negotiate a price were you can buy it, fix it, and roll in all closing costs, and still be at or below 70% of the after repaired value (ARV). This does not work well unless the property needs to be repaired. This is very different than the first two strategies discussed, and is commonly used with bank owned foreclosures. Although, anytime you can negotiate a great deal will work.

After you purchase the home, you want to get it repaired and get a tenant in place as quickly as possible. You then refinance the loan into your permanent rental property loan. There are some additional details for this to work that are beyond the scope of this article.

Partners: At the time the market was collapsing around me, there were tremendous buying opportunities everywhere. Using the Bridge loan strategy, I was able to pick up a handful of deals that I still have today. I did not qualify for loans, so I brought in a partner to sign on the debt for me, and I shared the deal with him 50/50. Neither one of us put money down, and the properties all cash flow, net of vacancies and maintenance, a minimum of $300 a month. There has also been a tremendous amount of appreciation over the years. The houses have more than doubled in value!

No matter what your strategy in real estate, partners can help you reach your potential. They can provide anything that you are lacking to get deals closed. I have a great deal of respect for partnerships because I think they are necessary, but I also think they can be the worst decision ever made.