While investing in single-family houses, commercial properties, and apartment complexes can result in large payouts and additional monthly income, however, there is risk involved.

The objective should be investing in such properties that is going to appreciate in value over time. Investments in real estate, like all investments, aren’t always profitable. Investments in real estate can occasionally lose value over time.

If you are aware of the risks and prepared to do the necessary research, finding the best real estate investing options could greatly enhance your income.

Chandler David Smith can help you to find real estate investing courses for beginners that can also help you to groom yourself in real estate investment.

There are a few mistakes that you must be aware of while investing in real estate.13

1. Not making any proper plan

Never invest in any property without a properplan, howsoever attractive the investment may appear to you.

2. Not doing enough research

Always do thorough research on all aspects of the property keeping the long-term horizon in view.

3. Doing everything yourself

Take the help of professionals or experts rather than trying to manage all aspects on your own.

4. Not considering local issues

You must be aware of any local issues that can have an influence on your property value in the longer run.

5. Overlooking tenants’ needs

Ignoring the needs of the tenant may always go against you.

6. Getting poor financing

Choose your financing options very carefully after studying all aspects of them.

7. Overpaying

Don’t be too desperate to own a property and end up paying more than its actual value.

8. Underestimating expenses

While buying any property, understand all other expenses that are needed.

To transfer the deed from the previous owner to the new one and purchase a property, a contract is required. This suggests that you should have a knowledgeable real estate attorney analyses any agreement before you sign it.

There is a moment of shortage of funds for everyone at a certain point in life, be it big business organizations, small and medium enterprises or even individuals. Fortunately, we live in a highly revolutionized financial system integrated with the latest technological tools to provide us with the best and most timely financial assistance. Loans are one of the most potent elements of the financial sector, designed to benefit both lenders and borrowers. There are many options available in applying for an EMI loan online.

The process of borrowing money from any lending organization with the terms and conditions of repayment and the interest rate is known as a loan. A digitized economic infrastructure dramatically simplifies the application to the approval process. As internet banking has become a norm, people can leverage the benefit of having applied for and approved loans online from the comfort of their homes.

The types of loans can be broadly classified into four categories:

1. Secured loan: It is the type of loan in which the lender requires any asset in the form of collateral, which can be property paper or any financial bond. So that if there is a defaulter, the lender can overcome the loss by taking possession of that asset.
2. Unsecured loan: The interest rate on unsecured loans is higher, but the collateral is not required, but the interest rate is higher. This is why borrowers with a high source of income and an excellent credit score are eligible to apply for this type of loan. Personal loans or travel loan can be an example of this type.
3. Open-ended loans: Credit cards are the best examples of such types of loans where the borrower can purchase over and over till the defined credit limit, and once the repayment is made, the credit score increases.
4. Closed-ended loans: These loans do not provide the option of re-borrowing once the amount is repaid, the balance will decrease, but there is no credit available for further borrowing. Mortgage, vehicle and education loans fall under this category.

Other types of loans are also described depending on our needs, such as education, vehicle, home loans, advance loan, etc.

Eligibility criteria for the loan approval:

Borrowers have a wide range of loan options available to them. So, depending on them, there can be varying degrees of required eligibility factors, but generally, these are the criteria to consider.

• The borrower should maintain a decent credit score with no prior history of defaulting.
• The income flow should be stable and consistent so the lender can trust the borrower.
• For lenders requiring collateral, assets such as financial investments, property documents, etc., are necessary.
• A short-term loan, known as a salary loan is explicitly provided to salaried professionals who earn a substantial income monthly. They can avail three times the amount of their original salary with less-than-perfect credit ratings. The interest rate of such loans is too high and needs to be repaid within a short period.

The decision for loan application should be based on the existing financial situation and the set of prescribed norms by the country’s banking infrastructure.

Bolstering employee productivity and boosting customer loyalty require consistent high-quality analytics of communication with clients. This allows you to identify subtle trends, find errors in your staff behavior and make communication with your customers transparent and predictable. The more channels for communicating with customers a company has (calls, chats, surveys, reviews), the more difficult and time-consuming the acquisition and assessment of received data becomes. Which makes it really hard to draw proper conclusions. However, you can tackle this challenge with a cutting-edge solution from MTS AI based on speech analytics software. 

Advancements in artificial intelligence technologies help analyze the quality of voice and text communication, find errors and troubles, as well as identify trends and key lines of communication. AI solutions can be used to process up to 100% of chats and call records, whereas only 1-2% of the data can be analyzed manually.

Benefits of using AI analytics in business

Voice Analytics is an ML model-based plug-in service for analyzing voice and text interactions with clients. This tool can automatically analyze all communications between operators/chat bots and customers via any channels, including app-based chats, phone calls, websites, social networks and instant messengers.

Advantages of AI analytics:

• Run an in-depth and high precision communication analysis;
• Find subtle correlations between client behavior and staff actions;
• Build a robust communication framework with no human interference;
• Forecast trends and performance indicators based on communication;
• Analyze all types of speech communication in your interactions with clients;
• Individualize a set of ready-made metrics that allow assessing the situation in a specific company;
• Quick and simple deployment and re-training;
• Convenient and transparent reporting system.

Application of AI technologies in speech analytics has proven to be effective in areas that require extensive communication with customers, such as telecom, banking and financial companies, and retail business. Automatic communication analysis is also essential for delivery services and healthcare providers.

Artificial intelligence can effectively control the quality of customer service, ensure security of customer data and conduct in-depth research of the target audience. With speech analytics technology, you can identify effective and counterproductive communication scenarios and create flexible and efficient scripts for high-quality processing of customer requests.

Business values from introduction of AI analytics

Research efforts by MarketsandMarkets, Just AI, MDG and Rostelecom demonstrate that the use of AI-enabled speech analytics tools helps:

• Improve customer service by 100%,
• Reduce the cost of lead acquisition by 35-43%,
• Boost sales by 17-30%,
• Achieve a 20% increase in customer satisfaction.

Additionally, the customer service control department gains up to 80% in productivity, the number of enabled self-help services increases by 36%, while secondary operator workload declines by 14%. Customer support becomes easier for the company and more effective and accessible for customers.

You can always find the best solution for you depending on the purpose of deploying the tool and your company’s operational profile. For example, you can connect the speech analytics capability or build an all-in-one solution with Audiogram, a speech recognition and synthesis platform. And if your business needs help bots to assist your customers, you should also consider deploying the NLP Platform.