A Business Person’s Haven, Lancaster County PA


by Dave Miller

Why do business in Lancaster County?

Rock and Roll Lititz

Labor

The culture in the county is of the hardworking type. You can expect that your labor field will have plenty of people looking for a reason to work extra hours rather than finding reasons to go home early. As one friend stated, “I work from “can till can’t”. If its daylight I can see, if its dark I can’t”.

Expertise

Outsourcing work or repairs is easy in this area because there is always an expert close by. If you need to have someone to do aluminum welding you have the option of finding not just a welder but a welder that is experienced and proficient and considered an expert in whatever specialty you need.

Taxes

From a Real Estate tax stand point Lancaster County holds the bragging rights when compared to its eastern and southern neighbors. Chester County, Pa and the state of Maryland hold some good jobs but a growing trend is for their workforce to live in Lancaster County and commute.

NY Times Agrees

Here is a quote from an article in the NY Times:

“There is just a formidable work ethic in Lancaster County, the hearty farmers who saw the Amish and the Mennonites around here working so hard. Then there is an innovative, entrepreneurial streak here, too. Finally, there is the loyalty. The owners want to give jobs to local people and keep them here forever.” – Barry Miller, Susquehanna Bank

The article is titled: An Unlikely Haven for Rock ’n’ Roll Entrepreneurs

It’s about why Michael Tait from Tait Towers say’s business in Lititz was too good to move elsewhere.

Read the rest of the article: http://www.nytimes.com/2010/01/28/business/smallbusiness/28sbiz.html?_r=1&

Published in: on December 14, 2012 at 8:56 am  Leave a Comment  
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Price Reduced – 4 Unit


4 Unit Apartment Building For Sale

Build Your Wealth One Property at a Time

$193,000

179,000

347 W King St – Front view

Lancaster PA is an excellent place to start

347 W King St, Lancaster PA

  • 4 unit apartment building
  • Cashflow
  • Energy Efficient
  • Tenant Paid Heat
  • Good property manager in place
  • Extensive rehab already done
  • Very little maintenance

Surrounding Area

  The surrounding area is mixed with commercial and residential. King St is the main route running east through the city. This makes for exceptional public transportation with a bus stop right outside the front door. Restaurants and shopping are within easy walking distance.

This property borders a residential apartment on one side and a nice pharmacy on the other. The pharmacy has a parking lot that wraps the side and rear yards. This parking lot is gated and closed at night. A chain link fence separates the parking lot and the yard. This pharmacy has undergone an extensive upgrade. I am proud to have it beside my property. With a cleanly run business like this beside you your tenants will appreciate the peace and quiet. Well run, clean businesses tend to be better neighbors than residents, in my opinion.

Across the street sits a beautiful chapel. Its high 4 pronged steeple graces the streets below.

The convention center which has been creating buzz in the last years is just up the street.

Work completed in the past 6 years

By previous owner

  • All new vinyl windows (27)
  • Updated kitchens
  • Tile installed in kitchens

(All floors are tile and some backsplashes)

Work Completed Since 2009

By our contractors

  • Flat rubber roofs; 1 repaired and 1 replaced
  • Complete new plumbing
  • 4 new water heaters
  • Paint front on building
  • Complete Painting of 3 units, doors and trim of fourth unit
  • Cosmetics that are too long to list
  • Brought entire apartment up to City Code

More Photos

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Contact me with any questions. I will email you a cash flow pro forma with all the numbers at your request.

Dave Miller, Realtor

717-569-1300

717-951-0201 cell

dave@realstreetpro.com

Published in: on December 10, 2012 at 11:55 am  Comments (4)  
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An Uptick in Multi Units


by Dave Miller

After a year or two of stagnation the Lancaster PA rental properties are on the move again. Ron Shepherd was telling me few months ago that if I have buyers or sellers in this market I should inform them that the market is moving up. So I kept an eye on that particular market and was amazed. Not amazed at the upward movement but Ron’s ability to once more accurately gauge a trend.

Here is my analysis of the trend for multi-units in Lancaster City:

2011 and 2012 YTD comparisons:

Average Sale Price: 2011; $132,463.00 2012; 141,126. That’s a 6% price increase.

Number of sales: There were 10% more sold in 2012

Average days on market for the sold properties is up extremely: 2011; 73 DOM, 2012; 103 DOM that up 43%. I do not have an explanation for this spike as it seems to contradict the other numbers.

Here a link to a freshly listed city property. I’ll also have two more till next week. Stay tuned.

Recent blog about residential prices increasing: Refreshing! Home Values First Annual Increase In Nearly Five Years

 

Published in: on September 15, 2012 at 11:14 am  Leave a Comment  
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I Gave Myself a Raise – $300 an Hour


Image

Did you ever catch yourself handling a high dollar client differently? I have. It seems easier to act efficiently professional in profitable situations.

A few weeks ago I hung Tim Miles’ blog article on my wall in front of my desk. It has not made me an expert in this area but I do see an improvement. That is my goal – improvement.

Here is an excerpt from his blog:

I decided – in 2012 – my time would be worth $300 an hour. I don’t mean necessarily charging $300 an hour. I mean – acting like it.

This year, fueled by my new-found mental wealth, I’ve watched two things radically transform:

  1. Who I decide to spend time with and how much of that time.
  2. How I carry myself to make sure I’m delivering $300 an hour to myself and to others.

Nothing changed. Except my mindset……… Read the rest of Tim Miles’s blog here

From this day forward, if you want to hire me for my services, I’ll provide you with $300 an hour service for much less than $300 an hour. Just ask.

Other articles:

Published in: on August 29, 2012 at 5:18 pm  Leave a Comment  
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How to Build a Kingdom Minded Company Through Mission, Vision and Values


Is it against the law for a company to say they are a Christian organization? May you have a Bible study in your workplace? These are just a few of the questions that were asked.

This morning I had the privilege of listening to Mark Griffin as he spoke about core values within an organization. He wrote a book called how to build a kingdom minded organization. After hearing him speak, this is definitely on the top of my reading list.

Mark specializes in human resources work for companies. As an HR person, he encourages the people to open their workplace to the gospel and share their beliefs  – a voice of truth that will serve as the pillar of the mission, vision and values of their organization.

In his talk today Mark clarified the differences between your mission, values and vision statements. Here is a brief overview of what he said:

  • Mission: This is what you do every day. This is what you sell. This is your occupation.
  • Core Values: This is how you do it. This is what your employees would tell their friends when they ask what it is like to work for you.
  • Vision: Where are you going? This is your plan or goal for the future.

Having a mission for your business is essential to its success. Otherwise, you or your employees will not be sure what direction you’re heading. Therefore your vision will be compromised.

That being said, it’s time for me to start working on my mission, values and vision statements. My preliminary strategy to build these statements is to read Mark’s book and possibly bring some outside help in to help me brainstorm. This may be another business person or two that is willing to help. And start brainstorming. Right now I think it is important that I do this and it is more important that I do this than to wait in order to try to do it perfectly. Perfect is nice but it is not as important as accomplishing the goal.

And my goal is to have a mission, values and vision statement.

Go here to buy Mark’s book, http://kingdommindedorganizations.com/

And here to visit Mark’s blog, http://inhisnamehr.com/category/blog/

Now back to the original question, yes you may tell the world that you are a Christian organization. Yes, you may have Bible study within your organization, just be careful, it is illegal to make it mandatory.

Other posts by Dave:

Published in: on August 28, 2012 at 10:07 pm  Comments (4)  
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Fix This House Up for a Cheap Rental


Rehabbers Special

 

FOR SALE

 

132 Howard Ave, Lancaster  PA

$19,000

 

http://www.zillow.com/homedetails/132-Howard-Ave-Lancaster-PA-17602/9732069_zpid/

 

Small 2 BR 1 bath house. Double lot allows for lots of off street parking in an area where parking is very limited. (Potential to rent spaces to neighbors)

 

Has newer gas furnace. Roof appears to be good but has some old water damage.

Some soft spots in floor will need some new subflooring. Some walls need to be dry walled.

 

Electric is on but some lights not working. Take flashlights.

Water turned off in basement, small leak in water line under basement steps.

If you are interested, do not wait till next week on this one.

Call Dave Miller, Realtor 717-951-0201

Published in: on July 26, 2012 at 8:47 am  Leave a Comment  

Refreshing! Home Values First Annual Increase In Nearly Five Years


“There was a surge in real estate this spring”, I answer to the question,”How is real estate?” I’ve been asked the question many times lately and that was my response. Really the response was just a gut feeling. Until I read the following article:

The housing market has finally turned a corner. In Q2, we saw continued momentum in the housing recovery, despite of some economic turmoil, like flagging job growth numbers and sovereign debt issues in Europe. Nationally we hit a bottom in the first quarter of the year, and the Zillow Home Value Forecast shows that 67 of the 156 markets it covers will experience an increase in home values over the next 12 months. Nationally, Zillow forecasts home values will rise 1.1 percent……………………………(Click to Continue Reading Article)

My final thought summed up in one word, “Refreshing”.

 

Published in: on July 26, 2012 at 8:05 am  Comments (2)  
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Create a Phonestack


by Dave Miller

It’s called a phonestack.  At dinner time everyone puts their phone on a stack, if someone removes their phone they pay for everyone elses dinner. It’s that simple.

Sit down to eat and everyone removes their phone from their pocket and put it on the stack . If you remove your phone then dinner is on you.

The main thing is you can sit back and watch dinner etiquette improve.

Published in: on July 20, 2012 at 6:00 pm  Comments (1)  
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Can a Dragon Write a Blog?


By Dave Miller

I bought a Dragon. Now what? Do I slay the Dragon or train him to be useful? In this day and age where technology has moved to the realm that it is, sometimes we need to train the old dog. At times the easy way to train the old dog is by giving it a new tool.

I am a very cumbersome typist. I hunt and peck. I hunt for the letter then I peck at it. Over the years I’ve gotten fairly fast at pecking. Emphasis on fairly! So I’ve came to the conclusion that I need to learn how to type faster. I was mulling over the idea of taking a typing course. Then right on time, Fred Pryor called me about a course on speed-reading. I signed up. Next they tried to sell me on a package deal. They have a program where you buy a year’s worth of courses for $199. You can take any course that they offer. Plus they have online courses. I thought it quite a good deal. So I signed up.

I decided to find out what they have in typing courses. I searched. And I looked. None. So I called the lady, and she searched also. She found nothing. So now I’m back to square one. I have a year’s worth of Fred Pryor courses and nothing else.

So I looked for some alternative methods. I knew of one all along. I just never knew if I wanted to take that step. But I did.

I bought a Dragon. Dragon Naturally Speaking.

So this blog I wrote by talking. Which as many of you know comes quite naturally to me, talking that is. My hope is that this will make it easier for me to update my blog. And many other things. The real question is still should I rather have taken a typing course than rely on some device that I just talk to? I’m afraid I know the answer. I should take the typing course. But I do know that I am far better off producing material by talking than not producing material at all. So this is the step that I take right now: I will talk to my computer and have it write for me.

Related Post:

Published in: on July 18, 2012 at 2:00 pm  Leave a Comment  
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Get Closer to Your Asking Price


By Dave Miller

Is the real estate market getting stronger? Here is a graph that would support that claim. This either supports it or tells us a whole other thing. This could mean that the sellers are being more realistic with their asking price.

This graph is Lancaster County home sales for the last year. It is saying the average home is selling at 93% of the asking price vs 90% in Feb of 2012.

Published in: on July 16, 2012 at 7:35 am  Leave a Comment  
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