Operations
Your operations define your long-term success in real estate investing. Fine-tune your process with: Asset Management | Asset Protection | Deal Analysis | Fundamentals | Growth | Lead Generation | Risk Management
Back To: All Topics
Operations
Your operations define your long-term success in real estate investing. Fine-tune your process with: Asset Management | Asset Protection | Deal Analysis | Fundamentals | Growth | Lead Generation | Risk Management
Back To: All Topics
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 ...
Think Realty Podcast #142 – Navigate to Capital
It’s no secret that investors need capital. But when it comes to the pathway to private money, sometimes you might need help navigating the process. If your rehab is going sideways, there is help out there to guide you to profits! If you are buying, fixing, and flipping or buying, ...
Crucial Mistakes When House Flipping
Flipping homes—the process of purchasing a home, remodeling it, and then immediately putting it back on the market—can be a way to quickly build wealth. Yet, it’s not without its risks and potential pitfalls. Every veteran flipper has a horror story of that “one” property they worked on, or can ...
Renovating Your Rental Home? Here Are Tips to Do It Right
You’ve made the plunge into the rental market and all has been well for the last few years. But as of late, you’ve begun to wonder if you should renovate your property. It could and probably will help draw in new tenants and you could make more money in rent ...
Outdoor Living: Summer’s Big Value-Add in Real Estate
As summer begins and most states initiate some form of economic reopening, there are many signals indicating that outdoor living is going to be the “big boost” for real estate this summer. With slow spring sales pushing many buyers’ home-seeking activities into the summer months, this probably would have happened ...
Think Realty Podcast #137 – Data Drives Decisions!
How do public records play a role in real estate? The golden goose of real estate is that every customer and potential customer is already in public records with lots of data about them. You can know every future customer’s name, equity, home sale prices, and more … but this ...
Economic Zombies and the COVID-19 Crisis
The COVID-19 pandemic has taken its toll. The deadly infection has spared no nation. Millions have contracted the disease and hundreds of thousands have died. However, in the United States a broad-based reopening of our economy is underway. States feared that remaining shutdown would rock the economy to its very ...
Think Realty Magazine June 2020
+ WHAT'S INSIDE Think Realty | News & Events • Think Realty Supplier: Sunbelt Rentals Investor Stories | Coaching • Presidents' Circle Featuring Abhi Golhar • Titan Talk Featuring Glenn Stromberg • Passion With A Purpose Engagement | Realty Matters: Calculating Risk • Preparation Investor Review | The Five Most ...
Realty Matters: Risk Management
When talking to prospective clients for my property management business, I always say, “rental property management is really about Risk Management.” I often tell the story of a client, who had previously decided to self-manage. Although he always tried to do the right thing, a small, innocent error led to ...
Reducing Risk in Rental Properties
There is always some risk associated with buying a property for the sole purpose of renting it out, whether on a monthly or a daily basis. But regardless of rental timelines, here is a checklist to follow that will help reduce your real estate investment risks. Budget Rationally The first ...
How many of you have heard knowledgeable real estate investors discuss risk? In sober tones they describe “risks” like loss of tenants, market risk, title claims, competition. And their “risk management” approaches are to always buy title insurance, don’t build if there are other projects in the pipeline, only buy ...
Is Long-term Co-working a Thing of the Past?
Commercial real estate’s co-working industry is going to feel an impact from the COVID-19 pandemic. With the economy on an uncertain path and social distancing requirements in place, it may take time before new leases are inked for the spaces and employees feel comfortable using shared space. Co-working allows workers ...
Think Realty Podcast #133 – Some Good News on Lending
When dialogue in the lending space changes overnight, as happened this spring, preservation of capital is the number one priority. That abrupt shift in lending caused more chaos in a disruption never seen before in our lifetimes. Everyone is ready for some good news, and you’re in luck! All is ...
Even the most seasoned property managers fall victim to tenant fraud. According to a 2020 survey conducted by ReRez Research of 100 property professionals, two-thirds of them experienced losses due to fraudulent rental applications. As for the remaining third? Just give it time: applicant fraud is on the rise and ...
Foreclosure Buyers Respond to COVID-19
Auction.com has just published its Q2 2020 Foreclosure Buyer Insights report, which sheds light on how real estate investors on the frontlines of the housing market are responding to the COVID-19 pandemic and ensuing market turmoil. Here are some high-level findings: 61 percent of investors now say online auctions are ...
Perspectives: Follow Up Is Crucial Now
The full effects of COVID-19 on the real estate market are not yet known. If you are buying houses to flip or for long-term investment, do you really know what the value will be in the coming months and years? All we have are trends, and we know the real ...
Think Realty Podcast #129 – Robert Nickell from Rocket Station
Skype, Slack, Zoom. These tools-turned-buzzwords are talked about now more than ever. But Rob Nickell with Rocket Station has been in the virtual assistant business for nearly a decade. Eddie Wilson picks his brain on another common term we’ve been hearing—The New Normal—and what you can do to build culture ...
Commercial Property Types That Will Thrive Post-Coronavirus
Commercial real estate, like many other industries, has taken a serious hit from Coronavirus shutdowns. Businesses cannot afford their lease payments because they’ve been forced to close. Tenants cannot pay rent because they’ve lost their jobs. And commercial property owners are having to deal with the fallout. While some commercial ...
The Effects of COVID-19 for Landlords
The novel coronavirus has rocked economies across the globe. Stay-at-home orders have affected businesses and millions of Americans’ jobs, with projections that the unemployment rate could be nearing the 15% mark — the highest level since 1940. For real estate investors and landlords this has a very real impact — ...
Think Realty Magazine May 2020
+ WHAT'S INSIDE Think Realty | News & Events • Think Realty Supplier: Office Depot Investor Stories | Contributor Voices • Success Story Featuring Kristina Sawyer • Presidents' Circle Engagement | Mindful Action: The Antidote for Fear and Uncertainty • Builders Finding Buyers • Easy Answers • Realty Matters: Investment ...
We’ve all heard the maxims: “Cash Is King,” “Cash Plays,” “Money Talks.” And there is nothing wrong with those terms. It is absolutely true that for most sellers out there having cash is the ultimate for a quick and easy sale. Having cash means that there are no other parties ...
In the Ring of Investment Protection
How hard can it be?” a prospective client for my former property management business asked. “Well, it really depends on…” I started. Before I completed my sentence, he couldn’t help himself from throwing another jab, trying to get me on the ropes. “Depends on what?” he interjected. He was setting ...
Voices of Reason: Market Outlook, Funding, SBA Loans and More
01:16:21 | Under what circumstances should you keep investing -- or put your business on pause? What opportunities are there in the different REI sectors? Where can you find money to fund your deals? What help can you get from coronavirus SBA Loans, the CARES Act, and potential upcoming legislation? ...
Think Realty Podcast #128 – Jason Green with Roofstock
Are you a real estate junkie? Then you won’t want to miss this! Think Realty CEO Eddie Wilson talks with Jason Green from Roofstock, the online marketplace to buy and sell cash-flowing, single-family rental properties. Roofstock bridges the geographic gap between investors and the out-of-state properties they want to buy ...
Perspectives: Focus on What You Can Control
Even in times of uncertainty, sureties remain. While we don’t yet know the breadth of the pandemic’s effects, two things will never change: best business practices and the need for affordable housing. Many real estate investors are keeping up with the tough times because they have incorporated a business model ...
