YOUR ELEVATOR PITCH: This is the start of the relationship and the first impression. A good elevator pitch will be short, sweet, and to the point. They call it an elevator pitch because it shouldn’t take that long to explain what you do. It should be simple enough that a child can understand it, and short enough to finish before you reach your floor destination in the elevator. They keys basic to the pitch are WHO you are, WHY you […]
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Every property, resident, owner, and Property Management Company is different. Each one has their unique characteristics and special qualities that set them apart from one another. It is obvious that properties are different. The same car driven by different drivers will perform differently over time. The same is true with buildings. The care and preventive maintenance performed will only extend the life and performance of the property. And just like there are different types cars, BMW, KIA, and Rolls Royce, […]
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Whether you find yourself looking for an apartment to call your home, or looking for a property management company to take over the management of your assets; there are key features you should be looking for from both sides of the aisle. You want to make sure they have the processes and procedures in place to upkeep the property for your family while you live there as well as the same processes and procedures to keep your property running at […]
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Top 10 Due Diligence Tips for Buying Real Estate Investment Property During an Interview with Henry Ford the reporter asked Mr. Ford, “How is it that you have become so successful?” to which Mr. Ford replied. “By making good decisions”. After thinking about his answer for a moment the reporter then asked, “How do you make good decisions?” to which Mr. Ford answered, “By having experience”. Again after some thought the reporter asked, “How did you get experience?” Mr. Henry […]
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How Should You Handle a Security Deposit Upon the Transfer of a New Property or Property Manager? You have negotiated a hard bargain on your newest rental property purchase. There have been days and nights of endless due diligence, crunching the numbers, working with contractors to estimate repairs, pouring over lead and inspection reports and you finally have a signed P&S and a closing date. But wait! In your due diligence you have uncovered that the Seller is currently holding […]
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How Should You Return the Security Deposit at the End of the Tenancy? You have had a resident follow the proper protocol you outlined in your written lease agreement to give you proper Notice To Quit. Things are ending amiably with a great resident, probably buying a new house for their family, but regardless, they are moving out of your rental and you currently hold a Security Deposit. What do you do now? Below we have outlined the steps you […]
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Steps to Follow When Taking a Security Deposit When handling Security Deposits there are a few steps that need to occur to avoid getting into trouble and if you miss a step the penalties can be steep. If you miss one of the criteria for your Security Deposits the damages amount to the landlord may be three-fold. Security Deposits are always a concern for landlords. Some landlords are comfortable taking the deposit while other avoid them like the plague. The Security […]
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