‘property management’ Archives
Don’t Let Tenant Problems Distract You
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. I didn't screen the tenant properly or I used other bad property management techniques. There are two general [...]
Rentals or Lease Options
Which is the better investment for you?When deciding on your Real Estate Investment strategy you have to take into account how passive or active you want to be. You also have to look at the risk associated with the expected return on your investment.Rentals can take a lot more of your time if you are doing the property management yourself. Rentals [...]
Property Management Problems
Some quick tips.I have had several people tell me about their bad experiences as a Real Estate Investor. They bought a house as an investment and then rented it out. They typically have a history of bad tenants who caused a lot of damage. They couldn't afford the repairs so they ended up selling and actually had to pay because the house sold for [...]
10 Mistakes in Property Management
Learn From My MistakesWhen I started buying rental properties, I made a lot of mistakes as a Property Manager. Here are some of the most common and irritating ones in no particular order.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 [...]
Lease Option Fever
Another Lease Options Mini-SeminarThanks to everyone who came out to our Lease Options session tonight. Here is a quick recap on how to make money with Lease Options.There are basically two kinds of Lease Options. Purchase Lease Options, where you Purchase the property from the Seller and Lease Option the same property to a potential Buyer. The [...]
Major Milestone – 100% Rented
WOW. All my units are rented. What a great feeling. For the first time as a Real Estate Investor I finally have all my units rented. How did I do it? 1. Good advertising in the right places. When you have a lot of vacancies, it’s hard to focus your advertising. What we did was targeted the units that bring in the highest rent. We use a [...]
What Is Real Estate Investing?
Everyone has seen the TV shows where somebody buys a house that needs repairs then fixes it up and sells it for a big profit. This is only one type of way to invest in real estate.Real Estate Investing is an investment where real estate is involved in some way or another. The objective for each type of investment can be quite different. Here is a [...]
Good Property Management = Good Tenants
Owning rental properties can be easy to manage if you apply some basic principles.You have probably heard some horror stories of owning rental properties. Problem tenants, problem properties, late night calls, late payments, no payments, negative cash flows, damages, etc.One of the best ways to avoid most of these problems is to find good tenants. [...]
