Category: Property Management
59 “Must Know” Tips in Creative Real Estate Investing to Minimize Risk and Maximize Returns
As creative real estate investors, there are many strategies that we can implement in our businesses to minimize risk and therefore . . . Maximize Returns! When I first wrote down the idea for this post, I had a few things in mind to list and then something happened. I started to realize how many […]
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Warning: Be Prepared for the Worst as a Real Estate Investing Landlord
Got a call from one of our contractors yesterday who opened the conversation by saying, “You might want to sit down for this one.” Never what you want to hear especially when you’ve already spent a lot of money in a property, know you’re about to be spending more, and that the expenses aren’t your […]
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Real Estate Investing : IRON FIST Property Management!
Anyone who has been in the rental business for more than three months knows the biggest problem…TENANTS, TENANTS, and of course TENANTS!!! No question about it. Who are these people who call you with all these lame excuses and situations that seem to unfold so effortlessly in their lives month after month? Their consistent stream […]
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Real Estate Investing : One Small Step for the Tenant, One Giant Leap for Property Management
We recently had an interesting situation with a tenant and how they delivered payment to us. In the past, they rarely delivered it at all, or late at best. In talking to the tenant, we found out that he has no real job anymore (surprise!), and that the only way he could make payment was […]
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Real Estate Investing : Property Management Software Solution
Last November, we had seven evictions in progress. This did not count several other late tenants that we were trying to work with and had yet to file evictions on them. With a little over 50 tenants, that means that around 20% of our tenants weren’t paying us. That just sucks! To keep track of […]
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