Some of our clients are in areas where it is becoming more popular to include pets, but if your market place does not demand it then your damage fees will be reduced to move forward with a pet free policy.

Real Estate agents will always offer more because there commission depends on it but they are shocked when the reduced the price 10 times before sold it at a price a skilled investor could have instantly told you it was the best price to sell it at.

Diversification is a risk-reducer and their are multitudes of options for generating earnings in real estate and through the stock markets.My last thought.

Some are good, because they can reduce your tax bill but your lender can "add it back" as income.

You can also reduce the sales price.Note that FHA appraisals stick with the property for FHA financing.

I have separate workstations such as Accounting, Rental Portfolio, Marketing, Development, etc which are all tweaked different to satisfy needs and ultimately reduce waste so i'm not inefficient.Sample functinoality that I useCall comes inautomatically parses out number, updates phone number fieldautomatically sends me and email as well as  my partner and email with it auto on a "follow up needed" status.Creates task for us to do this within the day(at this point we've done 0 actual work, all automation)once we follow up, we move it to dead, possible lead, etc which then have a series of automated actions that require little or none of our timeI've found that podio can do this for all areas of your business and you have to set the standard with contractors and have them utilize what you tell them to.

My preferred methods: Money order not likely to bounce difficult to cancel (although many have limits) Online rent collection easy to track auto-pay to reduce late paymentsDirect ACH transfer into your bank account

I think dealing with a lot of tenants, there are great applications to reduce time wasted with flakey folks.

Your silent partner, the IRS, just reduced their stake 22%!

For bonus points, I'd recommend renting it out via a lease purchase to reduce the costs for maintenance and repairs.