As a fellow investor that started with little experience (bought my first property before joining REIN) I can appreciate how easy it is to underestimate "property management". After all, there is not one particular thing about property management that is very difficult.
Managing rental ads...
QUOTE (ThomasBeyer @ Sep 28 2010, 11:42 PM) Why ? Can you delegate more ? Fire some (unprofitable) properties ? charge higher fees to some others that are marginal ?
Hi Thomas,
That is all very good advice and is much appreciated. If I could just fire all the tenants and have the owners pay me...
QUOTE (housingrental @ Sep 26 2010, 02:30 PM) Jeff - Didn`t realize you did much management...
Yep! Sure do... I also started a contracting division to service those properties and anyone else that needs a la carte services.
I figure it`s hard to build an empire without a solid foundation so I...
QUOTE (harland @ Sep 25 2010, 02:50 AM) I often think that if you are having your property managed by a company that owns property themselves, their properties won`t be the ones that are ever vacant. Has anyone else ever considered this?
Hi Delanee - I can`t speak for every management company...
QUOTE (CarrieKoch @ Aug 12 2010, 10:38 AM) As someone how was very, very frustrated after the Quick Turn School I would say that we NOW very pleased with the results. We had to be patient, tweak the system to our budget, and work our butts off to get a good team in place. It wasn`t easy at...
QUOTE I agree about everyone getting along, but I would not class this type of discussion as an `argument` but rather as an educational session.
I couldn`t agree more... if I wanted an argument I would`ve asked my wife if she could take out the garbage for a change.
When great minds speak...
Hi Guys,
You both offer great insight and I enjoy the posts. However, I am forced to question your calculations.
Godfried - In your last example you state that the "Real Estate Canada Market long term appreciation" is 6.60% and your LTV is 75% which equates to 10% ROI (based on a 50/50 JV...
Hmmm... I like the VoiceMailTel for Blackberry (http://www.voicemailtel.com/services/vmt-berry-overview.html). That is definitely a feature I am looking for to reduce my cell phone bills. The rest of the plan appears to be more expensive than Grasshopper but I guess you just have to decide what...
Thanks for your reply Gary. I thought this might be the answer to centralize my Live Answer (PATLive), 1-800# (Grasshopper) and local #`s (tollfreeforwarding.com) plus home and cell phone (and soon to follow, home business line) into one neat little bundle.
The rates for most Virtual PBX...
Hi Chris,
I second David`s request. I am very interested in setting up a VOIP system for my home & home office.
I am envisioning one single phone # with very low rates that can ring my home office or cell phone simultaneously. I am also thinking that the VOIP # and cell phone # will be local...
QUOTE (tonypeters @ Jan 14 2010, 07:58 PM) If the forum would like to hear my "personal" opinion of what adjustments are required in order to attract more "positive" and less "negative" attention, I would be happy to provide it.
With this in mind, can I have a show of hands please?
Ohhhhh...
QUOTE (Dejavu @ Jan 14 2010, 08:13 PM) According to the owner it appraised for $290,000 in November 09. (To be verified).
1st Mortgage $142,000 – monthly payment $1150 (3.5% up for renewal in July 2010) – payments are current.
2nd Mortgage $95,000 Line of Credit – Monthly payment $1,000. 18%...
QUOTE (WJW @ Nov 25 2009, 01:22 PM) If we can get 20 ppl at 1000 cards each the cost would be $90.11 taxes included/person.
If you`re interested let me know on this forum or pm me.
Hi Walter,
I`d be interested if we can get enough people together in the next week or two. I am in the process of...
QUOTE (jvarcoe @ Nov 19 2009, 07:53 PM) The best I have found (so far) is the supplier suggested by Ron... http://www.planitpromo.com/Custom.cfm?. They are still the cheapest at $128 for 1,000 cards plus shipping.
Another option is RaisedConnection.com. Unfortunately the are not Canadian but...