How to get real estate the right way

I started this business to help investors have a choice. We offer investment properties in 10 cities and plan to open more cities soon.
I look for the cheapest homes, in the best neighborhoods, with the highest rents, in cities with the most potential for growth. For example; Cleveland is building new hospitals and expanding their old ones. This will bring many more higher paying jobs to the area, which will in turn attract more renters willing to pay more for nicer homes.
Lansing, Michigan, has a new windmill factory that has hired over 2000 people. They are also building a large new mall and are expanding their freeways. And do not forget, Michigan State is located there with a never ending supply of renters.
Location and a large rental pool are not the only things to look for when you are ready to invest in real estate. Price is also a huge consideration. Being able to buy in several cities throughout the country allows the investor to choose properties from a variety of price ranges. We have homes from $10,000 up.
A buying system with all the players in place also helps to save time and money. Our company provides everything you need to be a successful investor. You will find that all of our cities offer, licensed realtors, contractors and property managers, who are there to assist you throughout the process.
Choices allow investors to make the very best decisions regarding their portfolios. Be sure to do your home work and review all the options out there before each purchase you make. This will ensure that you are maximizing your entire investment potential.
Brett Young - Valley Realty http://www.rooftopprofitmax.com/

My thoughts on residential homes versus multi-units

I have both multi-units and single family homes in my real estate portfolio. Both can be very profitable, but there is a distinct difference in the two.
While Multi-units have a greater potential for cash flow, they can also cost more. Tenant seem to be more transient in the apartment like units. With a higher turn over, comes more cost. Each time a tenant moves out, there are certain repairs that need to be done and vacancy days with no cash flow. Some investors do not mind this because of their ability to generate more income.
Residential homes seem to attract a more stable tenant. Families gravitate to these homes, and once the kids are in school, the families like to stay put. In most cases, the cash flow is solid, repairs are minimal, and they rent fairly quick.
The other difference is sales. The market of potential buyers is much larger for residential homes, than for multiplexes. This makes residential homes much more liquid for the investor.
Lease options or land contracts are also mush easier to acquire for residential homes vs. multiplex properties. (Lease optioning or land contracts tend to get more money down and a higher monthly payment.)
So when your are considering each type of property, keep in mind their differences. Make sure they fit your portfolio and exit plans.
Everyone is different, so plan your future according to your needs. Enjoy the process.
--
Brett young
Valley Realty
Owner/ CEO Roof Top Investment
Real Estate Investment
http://www.rooftopprofitmax.com/

Learning Property Managers

Property management is probably the most important piece to putting together a successful real estate investment business. The number one expectation of any property manager should be to keep your properties rented. However, depending on the circumstances, it can take some time. Using licensed property manager truly helps. They will have all the processes in place to better publicize and manage your property. The ones that seem to be most successful have leasing agents. Finding tenants is all they do. The cost is a little more, but when you have a higher percentage of rented units, it means more money in your pocket.
A good relationship with your property manager is essential. The manager is part of your business team. Remember, generally speaking your property manager is not making a lot of money from your rental. His business is based on volume. So at times you may need to be patient. You are not the only client the manager is handling
If your unit is vacant, then follow-up regularly with your manager, but do not hound him. In most cases the manager is doing all they can to get your unit rented. However, if you have a problem rental, then give your property managers options to help get it rented. For example; Run a 90 day $ off special. Then after the 90 day’s the rent goes back to normal. Or throw in a micro-wave or other small appliance. These incentives will help make your rental stand out among the others.
Being productive, with new ideas and ads will help you not only keep your property rented, but you will soon learn the best ways to keep it that way! Brett Young Valley Realty http://www.rooftopprofitmax.com/

Getting Tenants Faster

Marketing your rental property is very important. The goal is to get your money rolling in as quickly as possible. Even if you have hired a property manager, it does not hurt to do some advertising yourself. There are many free ways to accomplish this. Craigslist is one.
Craigslist is a great inexpensive way to publicize your rental. This ad will give you constant exposure. It is nationwide and used by millions of people. If you have properties in multiple states you can advertise all of them here.
When you write your ad make sure you use your property manager’s phone number, not yours. Your property manager probably knows more about the property than you do. Also, make sure your property is listed on the manger’s website if they have one.
Before you create the ad, make sure you have all that you need. Pictures of your home and the dimensions of various rooms will produce more interest and better results. The formation should be accurate and appealing. Words like remodeled, nice neighborhood are a few good words you can use. You may need to try several different adds to see what work best. Once you get your best add and flyer, your in business.
There are great ways to keep this simple. Create a more detailed flyer that you can automatically send out to prospective tenants. And be sure to save your ad, so it can be used over and over again.
Remember, it is important to screen the tenants. So be sure to let your property manager take over once you have found a prospect.

--
Brett young
Valley Realty
Owner/ CEO Roof Top Investment
Real Estate Investment
http://www.rooftopprofitmax.com/

Getting Tenants Faster

Marketing your rental property is very important. The goal is to get your money rolling in as quickly as possible. Even if you have hired a property manager, it does not hurt to do some advertising yourself. There are many free ways to accomplish this. Craigslist is one.
Craigslist is a great inexpensive way to publicize your rental. This ad will give you constant exposure. It is nationwide and used by millions of people. If you have properties in multiple states you can advertise all of them here.
When you write your ad make sure you use your property manager’s phone number, not yours. Your property manager probably knows more about the property than you do. Also, make sure your property is listed on the manger’s website if they have one.
Before you create the ad, make sure you have all that you need. Pictures of your home and the dimensions of various rooms will produce more interest and better results. The formation should be accurate and appealing. Words like remodeled, nice neighborhood are a few good words you can use. You may need to try several different adds to see what work best. Once you get your best add and flyer, your in business.
There are great ways to keep this simple. Create a more detailed flyer that you can automatically send out to prospective tenants. And be sure to save your ad, so it can be used over and over again.
Remember, it is important to screen the tenants. So be sure to let your property manager take over once you have found a prospect.


--
Brett young
Valley Realty
Owner/ CEO Roof Top Investment
Real Estate Investment
http://www.rooftopprofitmax.com