Tag Archives: real estate investing

Real Estate: 6 Tips To Finding Good Tenants

As a, Real Estate, property manager, and, real estate, investor, here are 6 tips to finding good tenants.  I offer my clients the peace of mind of, long term tenants, who take care of their property and pay their rent on time.

Finding good tenants,  is the goal of all, real estate investors, especially out of town investors who can’t manage their properties themselves.

What does a Real Estate Property Manager do?

As a, Real Estate, property manager, I offer a unique proposition for my local market of , Fort Myers, Fl. I will:

  1. market your listing on the MLS, Zillow, Apartments.com, Craigslist
  2. screen tenants over the phone before scheduling showing appointment
  3. show property to qualified tenants
  4. do background check on all adults, including rental references and job
  5. If qualified, prepare legal lease and collect holding deposit
  6. organize any repairs needed to get property ready for new tenants
  7. move in tenants and collect first month rent and security deposits
  8. be the agent for any notices for maintenance
  9. organize or dispatch any maintenance repairs
  10. All these services are FREE with the listing of the home or condo.
  • My fee is the standard one month rent that other realtors collect just for showing your property and putting in the MLS

Off loading the task of finding good tenants to a, real estate, property manager, limits the occurrences of having bad tenants who:

  • don’t pay their rent on time
  • who destroy your property
  • who don’t pay at all and you have to evict
  • who disturb the peace and cause problems with the HOA

Some other benefits of hiring a, realtor property manager, to find you good tenants:

  • Saves you time of dealing with all the calls, showings etc
  • As a, Realtor property manager, I have access to other Realtors in the MLS and their clients
  • As a, Realtor property manager, I know the areas that can command the highest rents
  • As a, Realtor property manager, I can do research on areas and prices on the multiple listing service and public records
  • As a, Realtor property manager, I have access to off market discount properties so you can buy your real estate investment property at discount prices thus lowering your monthly carrying costs.
  • As a, Realtor property manager, the biggest benefit to you is that you can get into the HOT Florida real estate market while living in the North. Your, Realtor property manager, will be your feet on the street.

Some other services I provide:

  1. Do you have a property to sell? As a, Realtor, I offer the same all inclusive service to help you market your property and get top dollar
  2. Looking to Buy a home owner occupied or as a, real estate investor? I have access to property on the MLS, Zillow, Craigslist, pocket listings and off market discount properties
  3. If you are a cash buyer and looking for rehab properties, I work with local wholesalers to get you inventory.
  4. As a, Realtor property manager, I can offer you a turnkey investment. I find the property, find the tenant, move in the tenant, you collect the rent!

“The Ultimate Beginners Guide to Real Estate Investments”

If you are new to investing, start today and be on your way to becoming an Automatic Millionaire Real Estate Investor. Properties in the USA average about a 5% increase in value every year.  My first investment property I bought 35 years ago for $185,000 is worth over $1,000,000 today.  That story can be heard all over the country. There are more millionaires being made from real estate investing than any other investment.

Call Myrna Young at 239-542-5777 Century 21 Selling Paradise and to schedule your listing or property management consultation or email me at info@myhelps.us.

You can also check out my blog https://blog.myhelps.us/ and subscribe to my iTunes podcast  to listen the Transform your Mind podcast and receive weekly tips, Life coaching advice, and, Realtor property management, tips and strategies.

Some past episodes:

https://blog.myhelps.us/how-to-create-the-freedom-lifestyle-through-real-estate-investments/

https://blog.myhelps.us/how-to-invest-in-real-estate-with-no-money/

How to Build Wealth with Turnkey Real Estate Investing

Building wealth with, turnkey real estate, is offering fully finished performing properties that have inspected, warranted, and professionally managed to, real estate investors.   The benefit of this service to a new investor or even an seasoned investor who already has a portfolio, is we just know that we can do it better than they can.

You want to invest in, turnkey real estate, near or in bigger cities, near big employers, and near downtown areas.

How to build a turnkey investment business

Jeff Schechter, CEO and co-founder of High Return Real Estate teaches, how to build wealth though, turnkey real estate investing.  Jeff has been helping his clients, build wealth, though, turnkey real estate investing, for close to 40 years.

As a Realtor, real estate investor, as well as Life coach.  I myself have been in the, real estate, business for some time 19 years. So, I can lend a lot to this conversation. In fact, if you google, Realtor Life coach, I am at the top of the list!

CEO & CO-FOUNDER Jeff Schechter, aka “Shecky” has had the entrepreneurial bug his entire life. He started his first business right out of college, and over the years been involved in numerous businesses ventures. His love for, real estate investing, began in the 1980’s, when he rehabbed 5 of his own residences, before the term, house hacking, even existed.

Since those early days of torn up kitchens and bathrooms, he’s bought and sold many properties, and is an active investor to this day. In addition to, real estate investing, he operates a private consulting practice. He thrives on helping people realize their full potential…not just in business and investing, but in all aspects of life.

Google Podcast Transform Your Mind
Google Podcast Transform Your Mind

How to get into turnkey real estate investing

I kind of sucked at school. I was not very focused. I came from an incredibly traditional background, where I just reversed a lot of expectations placed on me.  As a result, it was very difficult for me to follow through with stuff in college.  So, entrepreneurialism and starting my own businesses were really a form of necessity, because I didn’t really have any terrific formal training. It was also a form of establishing my own, freedom Lifestyle.

Myrna: What made you choose, real estate, as your business?

I just always kind of have this entrepreneurial bend and would look for ways to increase my income.  Eventually I started seeing that high ticket items like homes, had lots more opportunity for profit. I figured out back in the 80’s, I could buy them in not as good a condition and be able to buy them for a whole lot cheaper than what the pretty ones were, and I could fix them up and add a whole lot of value to them, because people were willing to pay a premium for the really nice homes.

So what I would do is, I would just live in them for a year or two while I was fixing them up and then I would sell them and move on to the next one.  It was a way to make some really nice extra profits and live for free for many years.

That was kind of the initial seeds of my, real estate investing, career before I started, turnkey real estate investment,

That’s also a good model as well, because you know the government helps you with the capital gains tax breaks. If you live in a house that’s your primary residence for two years and sell that home, then you can earn up to $250,000 in tax free income if single and $500,000 if married.

I actually didn’t know that at the beginning, but learned it very early on.  I would figure out that I wanted to live in most places exactly two years and one day!

I was listening to the audio book “The Automatic Millionaire Homeowner” and the author was interviewing a lot of homeowners who started off with purchasing small homes, like buying a $30,000 home and then selling it to buy a bigger home and so on and so on. One homeowner couple who started off with like $3,000 or something like that to buy their first home ended up making $500,000 on a $750,000 property. All tax free!

http://blog.myhelps.us/how-to-invest-in-real-estate-with-no-money/

How to start your turnkey real estate business

Myrna: What is your advice for someone who is starting out today, Real Estate Investing, in 2019?

Someone starting with a small house or a condo or something and trying to build wealth?

There is a bit of a downturn going on in the current Real Estate market, but you know, Real Estate, is cyclical and there’s a natural cycle.  When we look back at what happened  in 2009, the banks were doing some really stupid stuff.  Anybody could get a loan, even if they didn’t have a job.  It had to crash. Fast-forward to today,  there’s been a lot of  laws and regulations that has been put into place to prevent that situation from happening again.

But playing the appreciation game is dicey.  It’s not the way that we invest anymore in our, turnkey real estate investment, model; appreciation is not our primary concern.   What I mean by that is the only thing that we know for sure is that people need basic things.  They need food and they need shelter, and so from a shelter standpoint, we know that owning a basic property whether you call it a house, duplex, apartment, whatever it is, always going to be something that’s in demand, because people will always need a place to live.

You want to invest in, turnkey real estate investing,  near in or in  bigger cities, near big employers, and near downtown areas.  Rental properties are always going to be in demand in those areas. So what we look for from a standpoint of, turnkey real estate investment,  are properties  that we can buy inexpensively and sell as, turnkey real estate investing, that we don’t have to put a lot of money into rehab.  The price to rent ratio is everything to us. In other words, can want to  get a really good return on our money when we put that property out there into the rental pool.

So cash flow is more important to us than appreciation.  We start by getting that thing rented and cash flowing.  Even after we take out all kinds of money for taxes, insurance, property management, repairs all that other kind of stuff, can we still make a really attractive and in most cases, a double-digit return on our, turnkey real estate investing,.

If we can do that, we don’t really give a crap about appreciation.  We don’t even really care if we have a little bit of depreciation, because we always have the demand for the rental properties, and as such we will always have cash flow.  If we always have cash flow, we always have a great asset and the investors are happy.

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Is True Wealth Financial Freedom?

Turnkey real estate services

Myrna: What, turnkey real estate investment, services you offer?

We offer fully finished performing properties that we have inspected, warranted, and professionally managed.  The benefit of this service to a new or an investor or even an investor who already has a portfolio is we just know that we can do it better than they can.

We buy properties in bulk, so the properties are acquired for the right price, rehabbed correctly so that it’s in great condition.  It doesn’t need a lot of repairs moving forward and most importantly it has to be managed correctly for cash flow.

My business partner and myself are buying properties in the Midwest and Indianapolis and neither one of us lived in Indianapolis,  but we wanted to invest where it made sense.  In the last two and a half to three years, we’ve just really dialed everything back and built a better mouse trap.

We now have an amazing acquisition team, amazing rehab teams and a full property management division that really does everything.  We married the combination of this great city for investing where prices are low and price to rent ratios are really like the best in the country and we’re also in a state that has incredibly friendly landlord laws.

To listen to the interview, download on your favorite podcast player, iTunes, Google Play, TuneIn Radio, Stitcher, iHeart Radio, Podbean,

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Additional Resources  for, turnkey real estate investment,

https://highreturnrealestate.com/turn-key-rental-properties-investment/

https://www.forbes.com/sites/forbesrealestatecouncil/2018/07/19/the-hidden-gem-of-turnkey-real-estate-investing-is-in-ohio/

https://www.biggerpockets.com/renewsblog/dont-buy-turnkey/

http://blog.myhelps.us/how-to-invest-in-real-estate-with-no-money/