We were recently asked by a member about an unusual situation after a tenant moved out. The tenant had given a 30 day notice to vacate. Once the tenant moved out, the manager noted excessive damage to the unit. Unfortunately, the manager did not send the deposit disposition within 21 days, leading to inquiries about the late return from not […]
All residents of your properties should be treated as your business partners, as they are responsible for income, expenses, and your final cash flow. It is important to have a good retention program and reward good tenants. Why do people move? People move for many different reasons and sometimes they just like to move and have no reason at all. […]
The following is a true story about the power of a perfectly formatted VITO card. Before you pick up that £3,000 phone to make a sales call to any member of the ‘C’ suite, including the CEO, read and remember this story. Recently one of my salesmen had some car trouble, so I offered to drive him to work. Not […]
One of the questions most students are asking today is ‘how can I get student loans?’ It seems to be at the top of everyone’s list and rightfully so. Because once you’ve worked out a financing plan with a student loan or even multiple loans if necessary, everything else will fall into place. There will also be a lot less […]
People live in fear of not having enough, and often for good reason. Is there going to be a recession anytime soon? If that happened, how would people find a way to make ends meet? Many people are worried about making a living if their job disappears. Think about it, if that happened to you, what would you do? How […]
The good old days were refreshing. You can put up a sign in your yard and get quick responses from interested potential buyers, or hire a listing agent and not worry about their commissions eating up your cash. The time has changed. Real estate has become competitive. In some areas, it’s a seller’s market. In others, the buyer takes the […]
Do not transfer a large deposit of money to your bank account. Your lender needs to verify this, and this process can be lengthy if you can’t provide documentation like a pay stub, bill, or letter from a donor. Always talk to your loan officer in advance for guidance if you find yourself in this situation. Do not keep cash […]
Free Sober Living House A free sober living house near me is available for people who need help recovering from addiction. Residents must be in active recovery from substance abuse and attend 12-step meetings at least once a week. The price of these homes can range anywhere from $450 to $700 a month. Many of these houses are affiliated with […]
Take to Lease Extension The process of extending your lease can take a long time. There are several factors you should consider, including whether you want to apply for an informal extension or a formal one. The time it takes will depend on the circumstances of both parties. You should make a realistic offer and do not start out too […]
While most investors got into real estate investing because they understand the opportunities to make money through leverage and capital growth or high returns, I still see and hear from many who don’t fully understand opportunity cost. Remember that anyone who enters a property generally does so to generate money or income; the number of businesses/properties you own is insignificant. […]
Recent Comments