One key facet to being a successful landlord is effectively screening your future residents. Failure to choosing a stable, on-time, rent paying citizens of our society will only cost you time, money, and un-needed aggravation. I don’t care whether one is filling a $300/mo or a $3,000/mo rental nor if the applicant is a $7/hr… Read more »
Sometimes one just has to step back and put the realities of it all into perspective. Yes -there are serious headwinds against us in the world of real estate. Yes -the finance (lending) industry is on its heels (too) & effectively correlates to our ability to buy and create liquidity in our real estate operations. … Read more »
What type of investor are you? Have you given that some thought? Do you go after growth tracking trends that require the insight of whether its occurring or not or are you into value focusing on discounts to value and income with the ability to understand what exactly value is? Do you actually research your… Read more »
There truly is an art to Landlording when it comes to filling vacancies. Anybody can screen for the ideal tenant; however, it takes more than just facts to line up that person/family whom is most compatible with your house and terms. Sometimes we need to step back and ask ourselves: What is the goal of… Read more »
The ideal way to maximize cash-flow with rental properties is to provide a superior product, customer service, and a reputation of strong character. It is the art of renting that provides the delicate balance of providing a good product and a referral pipeline that efficiently fills vacancies based on your reputation while achieving an acceptable… Read more »
Setting the rental rate of your investment property is as much of an art as it is a science. As controversial as this topic maybe, it’s often misunderstood from the onset. Here’s just one BIG angle to consider. I ask that you keep an open mind and understand that the variables are great -keep an… Read more »
We are at the crossroads of a new phase of our economy… The press states our government is out of stimulus money -which isn’t entirely true. The public has been taught to vilify the banks -what a farce as the bank gave society the loan it wanted to achieve dreams. Little press that the TARP… Read more »
Here we are rounding the corner towards the last quarter of 2010…. Whew. We have lots of headwinds mostly expounded by our present administrations push towards a ‘market socialism’ via regulation, in decision (such as extend tax-breaks or not), and increased safety-nets (social programs such as health-care which carries uncertain costs). Whether you agree with… Read more »
One will often here my reference to the term: “Slow the Turn”. What I’m vaguely referring to is one’s ability to slow the outflow of cash on expenses from a pure business/investment (heck -even personal lifestyle viewpoint too) perspective. As a Landlord, it is imperative that a real estate investor create an environment for their… Read more »
Rehabbing houses to sell retail is a business plain and simple. If you wholesale homes or have a rental portfolio, do not kid yourself into thinking you know what it takes. Yes -in the hysteria of housing boom you could overcome just about any fundamental mistake let alone move the poorest planned dogs. The game… Read more »
