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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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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I recently had the opportunity to attend a local REIA meeting where the presenter was a professional staging company. A staging company will come into your renovated flip or rehab project and add furniture and design elements to help the buyer “see” the potential of the space. This has a huge impact on the buyers to help them imagine themselves living in that new home. It helps them figure out where the furniture will go, which wall the bed would […]
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Start building your power team before you need them. Think about the people you will need to run a successful Real Estate business and their roles on your power team. These are the people who you can leverage their time and experience to help build your business faster. The best part is that most of these team members do not require payment until after you have completed a deal. They will be paid from the profits. I am sure you […]
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Here are my “Top 10 Tips to get the apartment of your dreams”. We have been property managers for scores of landlords and property owners since 2001. From years of showing apartments and screening hundreds of prospects and rental candidates, I can tell you from first-hand experience these little details that I’ll share with you will go a long way winning over a landlord to want you to rent their apartment from them. We would truly hope that you have […]
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It is always a good idea to end the showing on a positive note. So after you have filled out the application, given the copies of pay stubs, your photo ID and credit report if you have it, to the landlord. Then it’s a great idea so follow-up with a little note or text message about an hour or two after the showing. The daily details of managing properties may distract most landlords. A little reminder or thank you that […]
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I am always surprised at how many times when someone calls me about an apartment I have for rent, that they have no idea how much their monthly income is. It is vitally important for a landlord as the decision maker to be able to know that information as quickly as possible. Being prepared with the answer for “how much money do you make a month”, shows the landlord that you have done your homework, you know how much you […]
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