A conversation with a potential lead to these thoughts: 1) Cheapest often isn’t best. A competitor is offering to manage for a flat fee of $50 a month - we don’t see how they can possibly manage the porperty fro that amount. Managing is much more than collecting the rent. 2) Proximity matters. If the company doesn’t have a presence in your properties city then they might not be able to effectively manage the home. 3) Communication is key. If you can’t reach a owner/president of a property … [Read more...]
Why Hire Us?
We offer professional property management services that save you money and protect your property. We offer over 30 years of experience in the property management business. We advertise and show your home We personally meet each tenant We screen the tenants through work and past landlords We run the credit report We get your input We draw up the lease We conduct a thorough move-in inspection with lots of photos We collect the rent We send all correspondence We oversee … [Read more...]
We Want Your Eggs!
Too many real estate agents get into property management seeking quick income. They don’t have the training, the experience, or the systems to properly manage a home. What they see is a “quick” jolt of income (often times a whole months rent up-front and then you “get’ to manage all the headaches). That’s like eating the chicken for one meal when you could have eggs forever. We want to build a long-term, mutually beneficial relationship with our clients. We have over 32 years of experience … [Read more...]
The Rich Get Richer
In "Rich Dad's Guide to Investing," the author talks about taking risks. As an example, "Rich Dad" says, "There is risk driving a car. But driving the car with your hands off the steering wheel is really risky." With regard to driving a car, his point is easily understood. His real message, however, goes a little deeper. He's really speaking of the risks people associate with investing. While there are inherent risks in any investment (just as there are in driving to the grocery store), if … [Read more...]
Great Investment?
Case Study... IN MY MARKET AREA... In 1985 you could buy a NICE older home for about $65,000 & rent it out for about $650/mo You put down 20% The interest rate was 12% and discount points were about 7%. You put down $13,000 The discount point cost was $4,550 Normal commission was 7% $4,550 (Seller paid, but it's part of the costs) Other costs were around 1% $650 Total: $22,750 YOUR PAYMENT WAS $534 plus taxes and insurance = $192,600 total payments - maybe break even on the … [Read more...]
