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Property Manager Due Diligence
Property managers (PM) are not typically considered an essential piece of your real estate investment team—unless you live out of state. Honestly, if you buy a local property there are a lot of compelling reasons you shouldn’t have a PM. The biggest reason people opt out of having a PM ...
How to Leverage Social Media to Promote Rental Properties
The best business advice you’ll ever get is to market where your audience is. With 70% of American adults on social media, according to the Pew Research Center, it’s a prime channel for advertising many products and services. To get your rental properties in front of your target audience, take ...
Empathy seems like an overused term lately. It conjures up visions of corporate mission statements that use the word empathy but in practice no one who works at the company or does business with it feels anything but empathy, compassion, or customer service. Some corporations have even adopted slogans like ...
00:09:01 | This is Part 2 of the story about our first apartment acquisition. We discuss the financial numbers including how much have our private money lenders made in interest so far, what is the projected profit and was the battle worth it ...
00:09:24 | This is Part 1 of the story about our first apartment acquisition. Fun facts: None of the keys collected at the closing worked, the “supervisor” was taking social security and government subsidy checks from tenants and there were a ton of repeated break ins…and MORE ...
Think Realty Magazine November/December 2022
+ WHAT'S INSIDE Funding | The Effects of the Inflation Reduction Act on Real Estate Investment Strategy • What Does the Cooling Real Estate Market Mean for BRRRR Investors? Design | Extreme Makeover: Creativity Is a Must! Management | Empathy As Advocacy Market & Trends | Sizing and Timing the ...
Time management for businessmen: 3 hacks that will gift you more hours in a day
Busy people know how hard it might be to find some more hours in a day to do more – thanks to neuroscience and psychology we now know many interesting hacks and tips that you can use to expand your possibilities and give yourself some more time on important things ...
Are Series LLCs a Good Choice?
In 1996, Delaware introduced the series LLC. As one of the newer entity choices, series LLCs are an interesting creation. The idea was derived from Delaware’s statutory trust law, which was popular with mutual funds. Under this law, an investment company could form a trust with separate series, each with ...
According to an old Chinese proverb, “The best time to plant a tree was 20 years ago. The second-best time is now.” This is true about so many things in life, especially investing in real estate. In a changing market, however, many people might challenge that advice. Like the seasons, ...
Think Realty Magazine September/October 2022
+ WHAT'S INSIDE Investment Strategy | Change Brings Opportunity • 4 Ways to Protect Your Investment in Recessionary Times • Become a Strategy Savvy Investor • Fix and Flip: A Practical Guide for Investors in 2022 • Are Series LLCs a Good Choice? • What is Legacy Investing? • Should Investors ...
Maximize Profit and Minimize Taxes with Real Estate Investing
Andrew Carnegie is famous in many circles, but one of his quotes stands out: “Ninety percent of all millionaires become so through owning real estate.” Although there are several real estate investment strategies, most novice investors start with a rental home, often their own or the other half of their ...
7 Challenges You Can Face While Selling Your House
Selling a house is an emotionally and mentally taxing process. As a homeowner, you develop a lot of emotional ties to your house. The current state of the market, along with any desire to be rid of the property, may leave a seller vulnerable to lowball offers. Another possibility for ...
When it comes to running a successful business, there are certain hallmarks that appear in nearly every entrepreneurial operation. It’s no different for real estate investing and financial ventures. Leveraging these key strategies can enable investors to optimize and accelerate their success. Each of the following “keys” may be applied ...
3 Quick Tips for Becoming a Smart Investor
There’s no doubt that beginning as a real estate investor is invigorating. When market conditions are right, you can stumble backward over huge opportunities. Even though owning your own real estate business is a lot of work and there is definitely risk—perhaps more than you’ve ever taken on in any ...
Homebuyers have ditched the newspaper classifieds for something far more high-tech: the internet. If you want to leverage the internet fully, it isn’t enough to integrate your MLS with real estate aggregators like Zillow or Trulia. To get the best-qualified leads on homebuyers and sellers, try these six mobile marketing ...
What Is Your Entrepreneur Community or Tribe?
“Entrepreneurship is not only a mindset but a skillset.” —Michael Kapor In a recent article entitled “8 Entrepreneurship Trends You Need to Know (2022-2024),” Josh Howarth notes the rise of entrepreneurial communities. One example he offers is the site Indie Hackers, which supports entrepreneurs building online projects to generate revenue ...
“Entrepreneurship” has become nothing more than a buzzword. It is laden on the lips and social posts of young “hungry-for-success” influencers. The word used to convey the ideology of daring innovation and spectacular risk, but social media has overused the word to the point we rarely take notice of those ...
SOPs Are the Key to Business Success
Is your business set up for success? Or is it doomed for failure? Multiple factors will decide the ultimate outcome, but one of biggest—if not the biggest—determining factors is the SOPs you have in place. What Are SOPs? SOPS are standard operating procedures. SOPs provide documentation, in writing, for how ...
4 Key Questions for Rapid Growth
00:32:00 | Want to find rapid growth in every area of your life and business? Resident Expert Cole Taylor shows you how! These 4 questions will both provide the path and set the pace for that growth ...
Why a Slowing Market Can Present New Opportunities for Investors
High interest rates. Low inventory. Declining refinance activity. Increasing foreclosures. Rarely, at least in recent memory, has there been such a challenging confluence of factors creating so much uncertainty in the real estate market. Still, there are some distinct messages in the tea leaves that industry professionals can use to ...
Starting a new business can be a rewarding endeavor, but one that comes with a unique set of challenges. Well before your grand opening or new product launch, you will need to make many decisions and address several challenges. One of those challenges is securing an appropriate facility from which ...
Getting Started as a Real Estate Investor
The current real estate market is on fire with unprecedented appreciation, and even small-town America is seeing major climbs in house values. The hot market has also hit the public’s radar, and many people are seeking information on how to begin their own real estate investing journey. You might be ...
How Can I Lower My Homeowners Insurance Rate Living in Tornado Alley?
Most states have certain natural disasters that they’re prone to. In California, it’s earthquakes; along the coastal cities, it’s hurricanes and flooding. And then there’s Tornado Alley. Although it’s not formally defined, Tornado Alley is commonly understood as areas in Texas, Louisiana, Oklahoma, Kansas, South Dakota, Iowa and Nebraska, with ...
Rethink How You Market and Grow Your Business
Marketing is one of the most important aspects of any business. Everything we see is marketing. Everything we do is marketing. If we want to drive more sales, perfecting the craft of great marketing is paramount. Think about it. At this very moment, someone is surfing the internet, reading a ...
A 12-Step Program for Entrepreneurs
So, you want to become an entrepreneur in the real estate industry? Get ready for the ride. Your idea for your business is just the beginning. You must find a business model for carrying out your idea. You must build a plan and processes. And, importantly, you must have strong ...
