Adam Hochfelder

Real estate is a business and like any other, it also requires that you plan, analyze, negotiate and manage. If it’s not producing a profit, your business won’t stay in business for very long. Adam Hochfelder has been in the real estate industry for over three decades. As he explains, this business demands a certain level of commitment. But unlike many other businesses, real estate allows you to control your working hours and set your own schedule. The important thing is to set the goals that you want to achieve, and then work to make that happen. Setting clear and specific investment goals will pave the way toward becoming financially independent. In real estate, objectivity is very important. As human beings, we have the tendency to either like or dislike a certain property. But if you are in the investment business this can be a big financial mistake. That’s why objectivity is the key to success as an investor. Knowledge is the other tool that can save you from sure failure. ...

When you decide on buying a real estate property, Adam Hochfelder, a real estate businessman suggests that you pay attention to due diligence, because it is rather important, and if you don't take care of it on time, you might regret it later. Quite often, when people get excited about getting a deal done they lose sight of the mechanics of knowing what we're buying. When it comes to the commercial property there is one thing for sure, and that is that the seller always knows more about the property than you do. As a buyer it's your job to gather as much information as possible about the property, find out the things that the seller might have left out, or perhaps wasn't even aware of, and use the collected data to make an intelligent decision about the deal. As Hochfelder further explains, market analysis is always the first step of due diligence. During this process, you need to gather and analyze the information related to demographic, socio-graphic, and g...

If your next public project requires the acquisition of private property, keep reading as Adam Hochfelder thorough understanding of state regulations can help you navigate this complex process while saving you time and money. Although municipalities have the right to declare a property, still guaranteeing the rights of private property owners is required. The initial goal is to obtain a negotiated settlement, and condemnation is the ultimate last resort when there is nothing else left to do. When a state or federal funds are involved, municipalities must follow legal procedures According to Adam Hochfelder, real estate acquisition brings many challenges. For example, if municipalities somehow run out of time for real estate acquisition, they face losing grant funds, which mean they’ll have to wait for the next cycle to reapply. However, the largest threat whatsoever is probably the need to delay a project until the next construction season. Some officials underestimate the ...

For most people, including Adam Hochfelder, having your own home is a very important segment of life, which is evident by the fact that even 92 percent of NYC's real estate properties are privately owned. However, what many people often overlook is the insurance of their living space, which is equally important. Here the figure drops to only about 20 percent. The sources of financial loss to real estate company owners and managers are as varied as they are significant. You might have heard the expression, small claims do great accounts. Well, one of the reasons for this lies in the fact that we think that fires, floods, lightning strikes, and other disasters can never happen to us and that this is an unnecessary expense. In reality, many small accidents can damage or destroy our living space, whether it's a flat, a house, apartment or cottage, together with the things that are in them. According to Mr. Hochfelder when these small costs are added together, you can har...