property management

Commercial Real Estate

Property Management: Offense, Defense and Special Teams

by John Wilhoit | February 7, 2012
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America’s great spectator sport is front and center with the Super Bowl taking place this past Sunday.  In professional football, serious resources go into the process of putting a good team on the field.  Each team has three smaller teams; offense, defense and special teams. Every good property manager needs the same structure.   Is your [...]

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Real Estate Investing

How To Train A Property Management Company

by Chris Clothier | December 22, 2011
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This past weekend I was digging through old DVD’s and “thinning” the big stack of movies we have and I came across a video I ordered online a few years back.  It was a DVD on “How To Train Your New Dog At Home”.  It was a slow Saturday and I suddenly found myself on the couch with [...]

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Real Estate Investing

Landlords: How to Deal with a Negligent Property Manager

by Peter Giardini | October 20, 2011
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I have to admit that the words Property Manager cause my heart to skip a beat or two.  Since the beginning of time, the landlord/property manager relationship has been one of trial and tribulation, punctuated by moments of true cashflow actually getting to the landlord.   For first time landlords who choose to use a property [...]

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Real Estate Interviews

Interview with Chris Clothier of Memphis Invest: Turn-Key Real Estate Investments & Landlording

by Joshua Dorkin | September 9, 2011

Chris Clothier is a real estate investor, and co-owner of the turn-key real estate investment firm, Memphis Invest. In our interview with Chris (45:13 minutes), we discuss a wide-range of topics pertinent to both novice and experienced investors alike, including: how to manage your portfolio, establishing a selection criteria for your properties, the need for [...]

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Real Estate Investing

Getting Clear on Property Management Expectations

by Andrew C. MacDonald | July 26, 2011
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One of the first tasks landlords choose to outsource is property management. This is really the nitty gritty of being a landlord and if you don’t enjoy dealing with tenants or the day to day operation of your property, you might quickly look for some help from a property manager. Often times investors will just [...]

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Real Estate

Landlords: 8 Tips for Hiring the Best Property Manager

by Peter Giardini | February 25, 2011
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In the past several weeks I have found myself in the position of providing guidance to several clients who were having tenant issues.  While I enjoy engaging their issues and helping them to formulate the best approach to their respective situations, the part I have a tough time with is that these clients have paid property [...]

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Real Estate

Could Your Property Manager Rob Rent Money From You?

by Julie Broad | December 1, 2010

When I walked out of the classroom after an intense 3 hour lecture I checked my cell phone. I had 23 missed calls and 18 voicemails. My stomach jumped. I figured someone must have died. Why else would someone be so intense about calling? I scrolled through the missed calls and most of them were [...]

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Housing

Guaranteed Lease Payments for 6 Years! Wait what?

by Mark Saunders | November 19, 2010
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The Good Ole Days: When the housing market was humming, most builders had some sort of guaranteed buyout program available for buyers that had a home to sell.  In most cases, the builder wasn’t actually purchasing the prospective buyer’s home.  Most of the time, builders had established relationships with 2 or 3 real estate agents / investors [...]

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Landlord Tenant

How to Hire and Manage a Property Manager for Your Rentals

by Julie Broad | October 13, 2010
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As a long distance landlord there have been far too many days where I felt like the saying “You can’t live with them, but you can’t live without them” is appropriate to our relationships with our property managers. And, I admit, there are still a few times where I am a bit frustrated by a [...]

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Landlord Tenant

The Professional vs. the Unprofessional Landlord

by Jason Hanson | September 13, 2010
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Part of being a real estate investor means that every time one of your friends or family has a real estate question they always come to you. And of course, since its friends or family that means you’re never making any money off of them and they think they can abuse your time. I’m sure [...]

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Landlord Tenant

Fall of a Property Manager – Part I

by Richard Warren | August 9, 2010
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For real estate investors who wish to own property in areas outside of their own town, a key component of their business is a property manager they can rely on. They need someone to handle collecting rents, fill vacancies, make repairs, and be there to do the things an out of town owner can’t. The [...]

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Landlord Tenant

How to Manage Tenants When Your Property Needs Repairs

by Jason Hanson | July 25, 2010
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Last week was a doozy for me when it came to my rental properties. We had a horrible rainstorm one day and I got a call from a tenant about leaks in the roof and the windows. After that, I got a call that a tenant had moved out early and left the place a [...]

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Real Estate Investing

Manslaughter and a Crackhouse: How My Husband Became a Real Estate Investor

by Julie Broad | April 2, 2010
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The story I’m about to share with you is based on a true story. The facts have not been changed to protect the innocent because the party involved is my husband and I have distribution rights for his story!! The Excitement Begins It all began in a free real estate investing seminar. You know the [...]

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Landlord Tenant

Why Does Every Tenant Have One of These? Buying HDTVs vs. Paying Rent . . .

by Brendan O'Brien | December 2, 2009
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This was the second year in a row that I braved the Black Friday/Midnight Madness sales at my local retailers. I used to laugh at people who do this, and I still think it’s ridiculous to wait outside Wal-Mart at 3 a.m. on the day after Thanksgiving. I also have to admit that it’s kind [...]

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Real Estate Investing

Investment Property Nightmares: How to get rid of that smell!

by Winston Westbrook | September 7, 2009

I purchased my first investment property in Victorville, CA. It was an REO that looked ok on the outside but I had no idea what I was going to find inside. When I opened the door to take a look inside I couldn’t believe anyone could live in such conditions. The place looked and smelled like a garbage dump. I am not kidding, it literally looked like one. Roaches would cascade down doors I opened them up. I think they were upset that I disturbed their sleep, lol. The previous owners pets no doubt had full range of the house, but especially in this one particular front bedroom. The smell of urine was so bad you needed a gas mask. Even though the property was in need of many repairs it was still a great investment.

The Battle to Clean this Investment Property

I ended up purchasing the property and began to gut it out. I removed all the carpet and hauled out all the trash. The smell began to lighten up around the house but this front bedroom still had that awful smell. I thought that by taking the carpet and padding out it would of solved the problem, but I was dead wrong.

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