Choosing a market – what to consider
Many of us, myself included, started out investing in our back yard. We know the area, we can do work there ourselves, and we can…
When is on-site management needed?
Multifamily investors do best when they target a niche and specialize in it. They target investments by location, deciding they’re going to stick to one metro area…
The Power of Face-to-Face
One of the greatest sales educators was David Sandler. His books have been classics and his methods are taught worldwide. So many of his most valuable principals are focused around how to read people…
Actuals vs. Projected – which to use in underwriting
The actual income and expense numbers the seller provides you for your underwriting should be close to reality, but even if they are, you’ll operate the property differently. Your numbers may be different…
Technology – Embrace It!
How eager are you to try new technology? Around the house, on your job, real estate – what is useful rather than just cool.
What is the market rent for this area
This is one of the most important questions you have to answer before buying a rental property. You see a decent C class property that has laminate countertops, 15 year old appliances
Investing in Low-Cap Markets
What if the property is in a fast-growing city? Population and jobs are increasing very quickly and they all need a place to live, so rents are going up. Who doesn’t want …
How do you track repair expenses
We see physical assets that break, maybe too often. We see tenants that are careless or negligent. And we see maintenance staff who…
Property Manager Qualities – Extroverted
Another one reported to me that the garbage bin was filling up and he knew it was the family in the house next door to our apartments, dumping their garbage …
When to end a tenant’s lease
The other tenant tells you things this tenant is doing that sound shocking! So you confront this tenant …