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
It’s Not Just Location, Location, Location
You’ve probably heard the old saying, “Real estate is all about three things: location, location, location.” I think we should throw that one right out the window because is entirely wrong. In fact, it’s wrong to the point that people who invest primarily on “location, location, location” often take significant losses. In just about ...
5 Key Wealth Building Principles for REIs
Real estate is an increasingly trendy investment. Prices are low, interest rates are low, and opportunity is everywhere. But why is it right for you? Do you know the right investing niche for you? Know Your Niche I like to capture all five principles, but not all investments will do ...
Judge Rules Colorado Firm Did Not Defraud During Housing Market Crisis
When the housing market crashed, Castle Law Group, Colorado’s largest foreclosure law firm, took advantage of the situation by “inflating costs of posting legal notices…conspiring with companies that did the work and its own competitors to fix the price at far more than what it actually cost,” alleged the Colorado ...
Breaking and Entering Over Possible Lead Paint?
If you own rental properties in New York City, you might want to tell your tenants to leave the doors unlocked this week. The New York City Housing Authority (NYCHA) might be breaking in if you do not. The NYC Department of Investigation revealed early last week that NYCHA has ...
China Real Estate Finds Room to Grow Underground
Hong Kong is considering something pretty unusual to help deal with a massive shortage of real estate for development and housing: an “underground excavation.” While you might cringe at the idea of living underground as something out of a dystopian novel, the Chinese government is taking a practical approach to ...
Corporate Housing: Monetizing the 30-Day Stay
The days when the American Dream meant simply owning your own home are long past. These days, the American middle class is spending billions of dollars on renting, not buying, each year. To take control of your American Dream, you need to understand the true income potential of your residential ...
Increase ROI with an ENERGY STAR Certification
The ENERGY STAR certified home label might appear small, a mere three by five inches, but it stands for something really big. That little label means a home has undergone a rigorous process of independent inspections and testing to ensure it meets strict U.S. Environmental Protection Agency (EPA) standards. Some ...
Shining Bright with ENERGY STAR
You’ve seen the sticker thousands of times on your own appliances and on those for sale in retail stores. Among the aisles and aisles of appliances there is one universal name, ENERGY STAR. You probably already know that the ENERGY STAR sticker displayed on appliances shows you how much you ...
Winterize Your Properties Before It’s Too Late
With the winter season approaching, property owners and managers should make sure their rentals and properties are ready for some bad weather. Freezing temperatures along with cold rain and snow can create a lot of trouble if you’re not prepared. It’s also a great time to check in with tenants ...
Don’t Let an End-Date End Your Dreams
It was a hot and steamy south Miami afternoon in 2004, and I was working as a driving instructor for the Richard Petty Driving Experience. It was tough. We worked 12-hour days, turning countless laps at a fast but “safe” speed (i.e. boring to a race car driver - we’re ...
3 Unique Ways to Find Your Next Investment Property
The MLS (Multiple Listing Service) is a great tool for those shopping in the real estate market. It was designed to simplify the process. It places all of the listings from multiple agencies in one convenient location for buyers and agents to browse without having to visit multiple different websites ...
Get in on the Farmland Phenomenon
Over the past decade, international investors have doubled down on a certain type of real estate. In fact, they have purchased so much of this particular type of land just since 2004 that cross-border ownership in this sector accounts for an area roughly the size of the state of Tennessee ...
Tax Changes Could Hurt Second-Home Market
How would it affect your real estate investing if you could not deduct the mortgage interest on the property loan off your taxes each year? If you purchased one or more of your investment properties using a traditional mortgage loan, then keep reading. Looming changes to the U.S. tax code ...
Tenant Chefs & Holiday Feasts: Fire Safety
There’s a lot of preparation that goes into having people over for a meal. Especially holiday meals. But how many people are aware of the increased fire risk on these feast days? And even if they are aware, what are they most focused on? Having everything ready by the time ...
4 Tips to Take Your First REI Step
Taking the first step is one of the most significant and common obstacles for a new or part-time investor who is looking to get started. Most people struggle to take the first step. I’ll admit, it is the most difficult step and probably the least rewarding one. Taking the First ...
10 Holiday Cooking Safety Tips for Your Tenants
The peak day for cooking fires each year is Thanksgiving Day. For this reason, it’s important that your tenant chefs are in a “state of readiness” for the holidays. Here are 10 tips to share with your tenants so they can enjoy a turkey-licious fire-free feast. Top Tips 1| TEST ...
Underwater Properties Decrease from Year Ago
ATTOM Data Solutions, released its Q3 2017 U.S. Home Equity & Underwater Report, showing that at the end of the third quarter of 2017 there were 4.6 million (4,628,408) U.S. properties that were seriously underwater (where the combined loan amount secured by the property was at least 25 percent higher than the property’s ...
Tap Your Holiday Spirit, Offer Solutions
Successful real estate investors tend to focus on offering solutions. Sometimes, those solutions are straightforward, such as buying a home from a distressed homeowner or helping a burned-out landlord exit ownership of a chronically troublesome rental property. If you can clearly convey to any potential lead, business partner, buyer, or ...
How to Keep a Rental Property Secure
Investing in real estate is a rewarding experience, often quite profitable. It gives you the ability to reap a monthly cash revenue with little to no action on your part. And gives you the keys to a future financial freedom. However, rental property investing comes with its fair share of ...
Fed’s Changing of the Guards Could Effect REIs
When President Trump announced he would break with precedent and nominate Federal Reserve Governor Jerome “Jay” Powell to replace current Federal Reserve chair Janet Yellen in early 2018, he was keeping a much-publicized campaign promise to “fire” Yellen. During the presidential campaign, Trump repeatedly criticized the Federal Reserve for keeping ...
Vintage “Kit Homes” Back in Style
If you were around a hundred years ago, the idea of ordering a “kit home” was common. You could pick out the style you want from a catalogue and have all the materials delivered to your future doorstep. They were cheap back then, but today, those homes are commanding high ...
3 Simple Seasonal Staging Tips
As the leaves change from green to orange, red, and gold and the words “pumpkin spice” begin appearing on packaging of everything from lattes to pop tarts, we know that fall is in the air. In our own homes, we may crack out the cinnamon brooms, the football-themed front-door decor, and start ...
10 Ways to Give Thanks to Your Tenants
For most landlords –it’s easy to focus on the tenants that went wrong. Experiences with destroyed carpet, and unpaid rent tend to stick in our minds a lot better than the tenants who pay their rent on time, and without incident. But the fact is, though, that for every bad tenant out ...
Proposed Tax Reform Could Impact REIs
The proposed tax reform hit the internet last week. Though there are likely to be many changes and revisions, in its current form, there are many impacts to those who invest in real estate. Let’s explore these. Changes in Deductions The proposed tax reform has changed, reduced, and eliminated many ...
There’s no doubt about it, real estate is an inefficient investment by nature. Each investment and investor has its own unique characteristics and requires our most valuable resource…time! Time is Valuable Your time commitment is perhaps the most significant problem investors face when growing their portfolio. Real estate investing can ...
