Turnover. We’re always going to have it. In some cases, turnover is good – saying goodbye to a delinquent or unruly resident who sucks up valuable staff time and resources. Some cases are uncontrollable – a resident is relocating to a new cityor state, or they are buying
Once again, tenant activists are up in arms over a so called epidemic of evictions, “the most severe crisis in 40 years” according to the SF Tenants Union. The reason? The creation of homeownership opportunities in the form of Tenancy-in-Common (TIC) units for people who are now tenants. Any increase in the
You’ve hired a property management SuperStar and the classroom training for your new employee is finished. As their manager, is training really complete? Not a chance! Field coaching is the next step and the most important part of a well-rounded and
Fix-up or adding value to real estate is one of the best and safest investment strategies for ordinary do-it-yourself investors who need to earn extra income as soon as possible, don’t have a great deal of money to invest but are willing to help themselves by pitching in doing some of the “non-technical” labor to…
The vast majority of the investment property owners I know are millionaires. They have all labored diligently for many years to create their net worth. The problem is they don’t feel like millionaires and they don’t live like millionaires because their “money” is actually equity trapped in their properties. The old expression “dirt rich and
This year while at a conference, I had dinner with a friend who used to own a property management company. He now owns a bigger property management company inLas Vegas. While we were talking, he reminded me of a phrase he learned10 years at a training and told me how following that advice has helped…
The amount of total rental households in theUSis expected to reach 46.8 million by 2015. With crippling student loan debt affecting young people’s ability to buy a home, it’s been predicted that a large portion of these renters will be
Assembly Bill 8 was signed by Governor Brown and became law. This is horrible news for taxpayers because California motorists will now be paying $2.3 billion in additional taxes and charges. Adding insult to injury, taxpayers will find their hard earned dollars being used to subsidize programs such as
Are you maximizing your tax savings in your real estate investing business? Now is a great time for you to make sure you have structured your investing operation properly so you take full advantage of the tax benefits of being a real estate investor. I’m a big believer in the 80/20 Rule, so these tips…
Thomas Jefferson was a very remarkable man who started learning very early in life and never stopped. At 5, began studying under his cousin’s tutor. At 9, studied Latin, Greek and French. At 14, studied classical literature and additional languages. At 16, entered the College of William and Mary. Also could write in Greek with one hand while…