Rental Property Negotiation Tips

Rental Property Negotiation Tips

Making an offer on a property should be a well thought out, calculated process. We do not recommend blasting every listing with a “lowball” offer, hoping something sticks.  Lowball offers are generally a waste of time and effort and, if accepted, it is probably the result of poor research and a hasty decision. An eagerly accepted low offer likely reflects that the property has serious issues that were deceptive to the quick buyer.  Proper property acquisition should be viewed in…

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Property Management Software

Property Management Software

Proper property management in today’s industry is paramount in maximizing profits and limiting your time requirements. Lucky, maintaining self-made excel files and personally depositing checks are no longer required.  Today’s online property management software can manage all aspects of the property-management process and, when utilized to their complete potential, they can replace the services of the traditional property-management companies.  Savings can be extensive, as most property-management companies charge 10 percent of the monthly rent to manage the properties.  They also charge…

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No Cost Ways To Increase The Profitability of Your Rental Property Portfolio

No Cost Ways To Increase The Profitability of Your Rental Property Portfolio

In any business, the difference between getting by and success is simply maximizing efficiencies and profits. Real estate and the landlord business are no different.  It doesn’t always require additional money to maximize profits.  In this post, we will review zero-cost ways to maximize profits. Listing Vacancies In July When you list a vacancy, the month during which you post absolutely makes a difference in the rental income your property will produce. The rules of supply and demand apply to…

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Reasons Why Real Estate (Rental Properties) Will Always Beat Stock Market Returns Part 2

Reasons Why Real Estate (Rental Properties) Will Always Beat Stock Market Returns Part 2

Part 2 (Part 1 can be found here): In this post, we will take a look into the typical returns between traditional stocks and rental properties. The numbers used for this analysis will be industry acceptable values. Your returns, and expenses will vary.   We will also assume the rental property is leveraged as most real estate investor utilize leverage for their investments. The example below is based on a $20,000 investment utilizing historic returns of the S&P 500 compared to…

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Buildium vs Appfolio

Buildium vs Appfolio

Buildium vs. Appfolio is one of the burning questions in the world of property management today. You know that you have apps available to help make all the day-in, day-out drudgery of managing your properties simple. You know this will give you more time to focus on areas of your business that really matter, really require your attention and offer the prospect of growing your investments. What you don’t know, however, is which is the best platform for you. Here’s…

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The Hidden Value of LLC’s

The Hidden Value of LLC’s

Most real estate investors will agree the use of LLCs (Limited Liability Companies) in the rental industry is a must for all investors, regardless of the number of properties owned. However, a major value is overlooked, especially for the passive investor, whom does not manage his/her own properties. The main purpose or value of an LLC is exactly as the title says, to limit the liability of the LLC owner to only the assets held under the LLC. To minimize…

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How To Buy HUD Owned Properties At The Lowest Price Possible

How To Buy HUD Owned Properties At The Lowest Price Possible

I recently submitted a contract on a HUD (Department of Housing and Urban Development) owned property. In the past, I have found success in HUD owner properties and believe they can be easily acquired below market value, which is both rewarding and a goal we all have.  HUD handles every property it acquires similarly, as it pertains to the handling and award of contracts.  Understanding how HUD operates will allow the buyer to acquire the property at HUD’s lowest acceptable…

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Buildium vs. Rentec Direct

Buildium vs. Rentec Direct

Buildium vs. Rentec Direct For the property manager or owner, Buildium and Rentec Direct are godsends, simplifying and streamlining your drudge work, providing total management, allowing you to focus on what really matters in the world of property management. But which is better for the needs of you and your business? Many investors and property managers aren’t sure which makes the most sense for them and make their decision purely based on Rentec Direct’s lower price point. Here’s how to…

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Things That Must Be Done This Tax Season Before The Door Closes

Things That Must Be Done This Tax Season Before The Door Closes

Tax time is a great time to review your portfolio’s performance but it is also an important time for you to maximize profits and follow IRS requirements. Let’s review 4 must-do things during tax season: Send Contractors a 1099 – The IRS requires you to send any contractor whom you paid a total of six hundred dollars or more a 1099. It is important to note, the six hundred dollars is a total per calendar year and not per receipt…

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Ways To Find The Correct Tenant In A Crazy United States Market Place

Ways To Find The Correct Tenant In A Crazy United States Market Place

 Finding the right tenant is absolutely paramount in the landlord business, especially for part-time investors for whom time is limited and has the responsibilities of fulltime employment. A good tenant will likely result in a good landlord experience, while a bad tenant is guaranteed to result in a very bad landlord experience.  While we cannot eliminate the possibility of a bad tenant, through proper property characteristics and a detailed tenant screening process, we can diminish the possibility of bad tenants,…

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