All Forum Posts by: Tevis Verrett

Not a stoopid question at all Brother James W.

Pleased to share:

http://www.biggerpockets.com/blogs/693/blog_posts/4419-gross-rent-multiplier-the-rubber-chicken-of-commercial-property-analysis

We are stronger, together!

Tevis

Thanks Adam for this thread!

Since prices in Southern California border on ridiculous, I need to expand my prospecting. So what say y'all about LV?

Tevis

Showing what is behind superman's cape. Credit repair has become a valid industry since the federal government gave consumers teeth to deal with credit reporting agencies and creditors.

Kyle, respectfully disagree again. It is high level tactics needed at attorney level knowledge of FCRA and others. I have been doing this for years, and it is a tactical war between consumers and the CRAs.

I assert that we don't have to run scared,or be afraid to go to war.

But ignorance does hurt you.

Rudy, I don't doubt you brother. I have a client that could use your moxy. Please ping me.

Tevis

Thanks all for your sage words. Josh Prince I too am going to sit on the sidelines. . . or perhaps start learning how to buy in other states.

This ridiculous So Cal markets cannot last forever.

Thanks all for helping me to become "smart money."

Tevis

Alex, Ouch!

When I was younger, in my foolish 20's, I did this very thing. . .biting the hand of wise mentors whom only wanted to help me.

A fool and his money are soon parted!

Um, you are setting yourself up to be the investor, I am looking for. . .

. . .the guy who gets into a property with rose colored glasses, and sells me a wicked good investment for $50,000 less than he paid for it, to cure his stress, hair loss, and sleepless nights.

Your mileage may vary,

Tevis

Thanks to Suzie B., Randy F., and Sam W. for your thoughtful responses. Good Boogly Woogly, if we found an inexpensive way to do this with your rental units. . .

We could start a revolution, like granite countertops!

Buhring it BP!

Tevis

Morning All:

I found myself in a discussion with a contractor friend talking flooring in my latest acquisition. We were in the local grocery store (Ralphs-out here in southern California). . .

. . .and the ah haaaa moment occurs.

I look down and ask my learned contractor friend, "what is this?" He replies, concrete. Polished concrete.

I asked him, where does the color come from, he replies stain and a clear coat.

So my BP brothers and sisters. . .

. . . rip out that carpet, and forget tile, and $2,000 of expensive laminate. Why not just take the concrete foundation and have a company come in and color and lay a clear coat of some kind over it?

Now let the tenants try and EAT that up!

Am I missing something?

Turning this over to wiser minds than I, what are your thots?

Saturday blessings,

Tevis

Ned that is buhrillant! You da man, I am immediately implementing this.

OK Al, here goes, next moveout/eviction and renovation change exterior door knobs and deadbolt locks to Kwikset SmartKey ReKeying Technology:

http://www.kwikset.com/SmartSecurity/Re-Key-Technology.aspx

Yes, it is kinda expensive upfront, though think about the savings of not having to replace locks after every moveout and eviction.

. . . or freeking drilling through that beautiful $75 lock you purchased just last year!

Another way is to get the Kwikset ReKey locks and have an "A" and a "B" & "C". . . set of keys (for your second to bazillionth properties). When a tenant moves out, you just rekey the lock to a different set, and mark the key to the property at HQ. That way, you don't have a ridiculously huge key ring for your 134 properties, but only 5 set of keys.

Hope this helps,

Tevis

Thank you James Lee for being the OP and starting this thread. Grateful to Sunny Jo Gardner and Michael Spencer for the thoughtful referrals.

Blessings all and good business,

Tevis

My brother Jason Merchey is spot on. So is Matt and Joel Owens.

Bravo Dawn A. on the elimination!

While tenants arent the enemy, they do stoopid things not unlike previously mentioned.

For tenant damages, I would suggest you kill it at the source, the tenant. I just got www dot bulletprooflease dot com and Mike McLean is a powerful street smart section 8 landlord that I am a big fan of.

(I donno what the mods will do with this, as Im still a noob round these parts)

On the stoopid PM that you are paying to not call you back (really?) ALWAYS BE LOOKING. You need to find a PM hungry for your business, rather than making you work on his time.

Blessings brother and sister investors,

Tevis