REI Fundamentals
Whether you're pre- first deal or a seasoned professional, explore the foundational knowledge upon which real estate investment success is built.
Back To: All Topics | Operations
REI Fundamentals
Whether you're pre- first deal or a seasoned professional, explore the foundational knowledge upon which real estate investment success is built.
Back To: All Topics | Operations
Do You Need a Property Manager – Or Can You Do It Alone?
If you are looking to invest your money, investing in a real estate is the best investment around in my humble opinion. However, with great power comes great responsibility… or something like that. You will have to face several obstacles, most notably regarding property management, dealing with tenants, keeping the ...
“No act of kindness, no matter how small, is ever wasted.” Aesop in The Lion and the Mouse What a year 2020 was. With COVID-19 creating uncertainty in the housing market, you have certainly been busy. If you’ve entered into 2021 in good shape, give yourself a pat on the ...
Should You Hire a Property Manager?
Rental properties are one of the most popular forms of real estate investments and for good reason. They are accessible even to beginner real estate investors and, when done right, provide a reliable and scalable source of passive income. It is also a great strategy if you are planning to ...
Real Estate Property Investment as a Career
The housing market is approaching record high prices, currently dictating many opportunities for investors. This allows sellers to make huge profits. If you are considering buying and flipping homes or doing total home rehabs as a career, there are things that can affect your profits. Funding the Project If you ...
The Best Way to Retain Tenants: Spoiler–It’s Good Maintenance
A new tenant might be impressed by all the bells and whistles of your newly furnished property, but after a while, that magic will wear off. A nice looking house is great for getting a property leased, but it is insufficient for keeping a property leased. The best way to ...
3 Questions Entrepreneurs Have Before Investing in Real Estate
As real estate investing experts with more than 18 years of success, we have heard just about every question you can possibly think of. While you may think most of these questions come from first-time investors, just as many come from clients on their second or third property. No question ...
Think Realty Podcast #172 – What Purpose Feels Like
Don’t let the Rat Race distract you from why you started in the first place! This episode reminds us how to go back to our roots and revisit our WHY for REI instead of just chasing the next dollar. Plus, how to start a real estate wholesaling business, tech tools, ...
Becoming an Accredited Investor
There is a famous scene in “The Matrix” when Neo is asked if he wants to take the red pill or the blue pill. The blue pill will allow him to continue living his normal life even though he feels deep inside there is more out there to experience. The ...
Renting Out a Property with a Pool
Thinking about renting out your house and its luxurious private pool? A pool adds tons of value to a rental property but comes with significant costs and liability considerations. Make sure you know the risks in addition to the rewards of renting out a property with a pool. Liability and ...
Top 5 Tips to Get Started in Real Estate Investing
Understand the Ways to Profit from Real Estate Investments If you are interested in becoming a real estate investor, before you dive in, there are a few very important details you must know. We’ve broken down the top five tips that experts want you to consider before getting started. 1 ...
Risks of Real Estate Investing You Need to Know
Real estate investing has remained one of the time-tested ways to create wealth. While the potential returns can be compelling, it is important to consider the risks objectively and then make a judicious decision. Unpredictability Until the economic meltdown of 2008, many investors ignored real estate risks and assumed that ...
5 Tips for Promoting Your Open House
As any agent who has ever had one can tell you, open houses are a lot of work. However, it's said that they're worth it because homes for sale that have open houses tend to sell for more money and spend less time on the market. But how do you ...
3 Ways to Jumpstart Your REI Strategy
From my very first rental home purchase to my latest build-to-rent subdivision, I’ve always lived by an important axiom. The best way to make money is by using other people’s money. It’s also the first piece of advice I give to any small investor starting out in the real estate ...
3 Ways to Diversify Your Marketing
It’s common for real estate investment businesses to start out using only one or two marketing channels, particularly social media (namely, Facebook). While it is free to post there, and the ability to share outside information to say “Hey, we are here to help” is easy, relying on one or ...
Top Considerations When Hiring a Property Manager
When a property owner signs a lease with a tenant, they’re assuring them that they will uphold their end of the bargain. While landlord responsibilities vary by state, the implied warranty of habitability requires that they maintain the property’s essential elements. Such components include the physical structure, property systems (gas, ...
Think Realty Podcast #161 – Real Estate Runs the World
Teambuilding isn’t what it used to be! Real estate entrepreneurs need to have the right support and the steps to scaling are making the right hires and delegating the right work. Do the right thing and build your team the right way. Then you’ll be ready to do the right ...
If you’re looking to buy a home, whether your selling your current home or rent out your property, you’ll need a good realtor. While you could try to get the job done by yourself, realtors have connections and the necessary skills needed to close a deal. Also, you may find ...
5 Steps Landlords Must Take After Evicting a Tenant
Evicting a tenant from a property is one of the most unpleasant tasks for landlords. Unfortunately, getting the tenant out of the property is not the end of it. There are many steps a landlord must take to secure the property and prevent future tenant evictions. Changing the locks, clearing ...
Building an Elite Organization
It may be tempting to think the post-COVID world will look much like the pre-COVID one. The reality is the landscape has changed. That’s why experts list COVID-19 as the top issue affecting real estate going forward. Uncertainty remains, and the aftermath of the pandemic will test our priorities, resilience, ...
7 Benefits of Using Real Estate Management Software
Owning property and having a place to live in is one of our fundamental needs as humans. Maybe this is why the real estate sector is always buoyant and growing. This is also why this sector is a major indicator of economic strength. Many realtors and real estate brokerages are ...
3 Ways to Stay Profitable, Productive, and Pandemic-Resistant
By early May, most analysts and even many public health experts agreed the American public and the American economy could not take much more of the stay-at-home mandates and mandatory business shutdowns that resulted from COVID-19. The U.S. economy was shrinking at a faster rate than it had since 2008, ...
Color and Quality at a Discount
On your next flip or rehab project, be confident in your color selections! Think Realty Supplier, Sherwin-Williams, has been committed to supporting homeowners and professionals with exceptional products and color expertise for more than 150 years. The company provides customers with resources to confidently choose colors, like their annual Colormix ...
As a mother-daughter duo in real estate, we have been able to focus in on what it really takes to get a house staged and ready to sell. Flipping and selling over a hundred homes together, we have been able to see what helps motivate buyers when viewing a property ...
Effective and Efficient Maintenance
TaskEasy is the nationwide solution to ordering and managing lawn care for rental properties. With TaskEasy, you can order services and manage your entire rental portfolio online, in one convenient place. Founded in 2013 by CEO Ken Davis, TaskEasy was built to solve a long-standing problem: mowing the lawn. Ken, ...
Automate. Outsource. Scale. This business-building lingo is all the rage, but savvy investors do these things, usually with the help from virtual assistants. Think Realty Supplier REVAGlobal provides outsourcing solutions utilizing virtual assistants. Founded in 2016 by CEO Bob Lachance, REVAGlobal is currently the solution for many of the country’s ...
