CLEANlNG TARNISHED AND DIRTY METAL

Sometimes when you are fixing up a property you like to maintain a certain look using existing door handles, knobs or other metal pieces.  Here are some ways to clean up those existing metal parts.  Watch my video:

 

PROFIT SAVINGS TECHNIQUES FOR BETTER CASH FLOW AND LONG-TERM GAIN

Profit saving techniques for better cash flow

THIS IS A REPOST TAKEN FROM A SWFLREIA POST (SOUTHWEST FL REAL ESTATE INVESTMENT ASSOCIATION)

Management tips and profit saving techniques for better cash flow and better long term gain.

profit saving techniques for better cash flow

  • All rentals that have carpet flooring should have no pets!! (Long term investment property should not have carpet at all, they should have TILE flooring!)
  • Glass top stoves are the best. they last longer and have less parts to go bad.
  • Perform Quarterly Inspections  (check a/c filters, well equipment) You change/inspect the a/c filters while you are there.
  • When meeting with your prospective tenant check these things; the upkeep and condition of their car, and drive by if previous rental is local.
  • Prorate the second Month.
  • Make it as easy as possible to pay (envelopes, labels, electronic payment options).
  • Video tape/take pictures with your tenant in the pictures when you move them in.
  • Run back ground checks! You get what you inspect not what you expect. Do more than just call their references, employers, and previous/current landlords. Use the internet (Google/Facebook are your friends).
  • Be respectful and reasonable but do not be friends with your tenants.
  • Do not call, return missed calls, and/or see how things are going with your tenant.  Only respond to specific messages for for specific purposes.
  • Be realistic with your monthly rent ($50 more for an overpriced home can add months of vacancy).

Expenses over $300 are what kills your annualized returns.

 The most common expenses over $300 are;

  • Roof
  • Septic System
  • A/C
  • Well Equipment
  • Appliances

 

Budget these for replacement.  They will last longer if they are properly maintained

 

Rehab/maintenance costs

  • Tile verses carpet
  • Pool maintained by tenant or by pool company
  • A/C filters changed by owner/manager or tenants
  • Have tenants maintain well equipment verse company

 

Mistakes to avoid when investing in Real Estate

  • Do not estimate or use the opinion of someone else to determine market value. (Used recently sold comparables to determine value)
  • Never make a decision on impulse or emotion
  • Avoid investment property that is not separately metered (water or electric)
  • Septic vs. Sewer, Well equipment vs. City water.
  • Avoid fixer uppers outside of your expertise or have an expert (GC) with you
  • DISCLOSE, DISCLOSE, DISCLOSE (i.e. licensed realtor)
  • Find out about the financials, board membership, and rules and regulations when purchasing in a community
  • General contractor vs. jack of all trades… Never band aid a repair or rehab a property halfway…
  • Have either an exit strategy or long term plan for the investment (when you sale with the asset be purchased by another investor or an end user?)

BUYER BEWARE WHEN GETTING TRAINING AND COACHING PROGRAMS

HAVE YOU SEEN OR HEARD THIS?  THE FIRST TWO PARAGRAPHS BELOW ARE  TAKEN DIRECTLY FROM THE CONNECTICUT  DEPARTMENT OF CONSUMER PROTECTION WEBSITE.

This Free Seminar Can Change Your Life!

Flip real estate for easy profits. Get a high-paying job.  Start a successful online business. Find the best investments. Hundreds of seminars are offered every day across the country, promising fulfillment, success and wealth. 

In many cases, the seminar will be mostly hype and selling the dream of success, rather than providing actual content to help you achieve success. Often, free or low-cost seminars are just teasers for much more expensive and extensive courses or seminars.

Many of these “seminars” are very controlled sales pitches. They look great, and they can be exciting and seem helpful on the surface.  Many are, however, designed to extract money from participants before they walk out the door.  Caution is the key.  Be sure that you are getting valuable materials and information before you pull out your wallet.

 

The State of Connecticut Department of Consumer Protection goes on to say that you must be careful of programs that have you filling out an application.   Sometimes they may make it seem like the program is an exclusive program by using an application process, which then can lead you in to signing for high interest credit.  You then may find yourself paying for a high-priced program using that high interest credit.

 

I deal with real estate investing. I have spent tens of thousands of dollars educating myself in the area of real estate investing as well as learning “on the job.”  I can tell you that virtually all free two hour seminars are designed to get you pumped up and excited to spend your money on very expensive programs.  They make it seem like you can be a success in your sleep.

Time to wake up! This real estate investing business isn’t easy, but yes, you do have to know what you are doing and you can get this through education.   I do not offer these free sessions that provide bits of information but then require you to pay big bucks to fill in the gaps.  I provide solid information on developing a system for investing in real estate. Specifically, flipping real estate. 

I have used my extensive education, business experience and investing experience to develop an honest program that entails a full day of training as well as hours of videos.  My live one on one training then provides you with months of continued consulting, my materials, and my videos.  If you do not want my in-person consulting you can just take the videos (approximately 5 hours on flipping and 2-3 hours on wholesaling real estate).  These videos are broken into 15 -35 minute presentations by topic.

Get in touch with me to discuss how I might be able to help you.  There is no obligation, but I will consult with you about your goals are and we can see if I can help you.

 

Mark Valenti

Propertycoach411.com

Propertycoach411@gmail.com

https://propertyrehabprophet.theblogpress.com/

 

860-294-4494