Category : 6. Manage

6. Manage Blog

Real Estate Investing May Require A Life Paradigm Shift

Changing the Way You Live

You are the product of your society and your upbringing. You were taught at an early age to go to school, get a good education, get a good job, work hard, get married, have a family, work hard to support your family, retire and spend some time doing what you want then die.

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6. Manage Blog

What Price Should I List My Property For?

Market price and maybe less.

When trying to sell a property, you should pick your price based on you goals. If you are trying to sell a property to get cash for another investment then you want to set an aggressive price. Sometimes the amount of money lost in the price is not as bad as the lost opportunity on another investment.

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6. Manage Blog

Get Started in Real Estate Investing in 2016

Rentals are probably the most popular especially for people who are looking to do the long buy rent and hold or longer passive income.

The first way

The first way to make money through rentals is when you buy. A lot of people get anxious to buy a property and the first property that comes up they put in an offer and they don’t negotiate property. You have to look for the right deal. The right deal comes along once every week as long as you know what you are looking for.

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6. Manage Blog

Tenant Problems Can Be Distracting

When dealing with tenant problems, don’t let them distract you for too long. Settle fast and move on.

When you own rental problems you will eventually have tenant problems. I see a lot of beginner investors spending way too much time chasing these problem tenants.  I view at tenant problems as my problem. Either I didn’t screen the tenant properly or I used other bad property management techniques.

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6. Manage Blog

What Is Property Management?

Taking care of your property and your tenants.

As you start acquiring properties, you are going to have to manage them. Property Management is more than just fixing toilets. It’s about making money with your investments.

Property management is making sure your properties are generating a positive cash flow. How do you do that? The first thing you need to do is make sure you only rent to good tenants. People that want to rent your property and that plan on taking good care of it.

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6. Manage Blog

10 Property Management Mistakes You Should Avoid

When I started buying rental properties, I made a lot of mistakes as a landlord and property manager. Here are some of the most common and irritating ones in no particular order. Avoid them and save yourselves a lot of money and headaches.

1. Not screening Tenants

You should always do some kind of background check on your tenants. A bad tenant is worse that no tenant. Keep your unit vacant until you find a good tenant no matter how desperate your are to rent it.

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6. Manage Blog

Should I Hire a Property Manager?

Yes. Always Hire a Property Manager

You should always hire a Property Manager, even if that Property Manager is you.What I mean by that is that you should always allocate enough money for the management of your properties. After all, if you are doing the Property Management yourself you want to make sure you are getting paid for it. You don’t work for free.

The other reason you want to make sure you pay yourself for Property Management is so that you can replace yourself when you get too busy to manage the properties yourself.

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6. Manage Blog

What to Look for When Evaluating Tenants

Rental Tenants

Most people think that when you want to rent to a specific tenant that you need to talk to previous landlord, letter of recommendation and so on. But what I have noticed is that the previous landlord is not going to necessarily give you the true story. A lot of landlords are trying to get rid of bad tenants.

So if someone calls them up saying they have an application from one of their tenants what do you think of them? The tenant will only say good things to get rid of the tenant and they won’t give you the right information.

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6. Manage Blog

How to Market Your Real Estate Investment

I want to talk about how to market your real estate properly. How to market your property your investment, whatever it is you are trying to sell or rent for that matter.

Tonight lets focus on you having a property, whether it is a rental or an investment or a Rent To Own and you are trying to market it.

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6. Manage Blog

Who Should Pay for Property Utilities?

When you own a rental property, you sometimes have the option of paying for the utilities yourself or getting your tenants to pay for them directly. Utilities usually include electricity, gas, oil, water and sewage and any other utility type service required to operate a house.

If you have a multi-unit property which does not have separate meters, you will have to pay for the utilities yourself. Make sure your rents reflect market rents that include utilities. Always state that the utilities are included when advertising your rental unit.

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