Sunday, November 28, 2010

Building a great team


Whatever type of business you are in a great team can be hard to replace. I know this from have two successful business's.

The way to build a great team is not simply going out and looking for them, but to also verify there work. People always tell people always tell me don't do that you'll offend them. So what! You must always want your team to be the best for your client. The client must always come first, this is what a great team means.

For example this weekend (Friday) we needed some work done on a home. My team didn't say they were out of town or shopping they took care of it. I personally took care of it before a movie started. We all got on the phone made a plan and the team executed it.

Everyone is a team player when it is convenient but when it isn't then you find out what type of team you have.

You must also make sure they are doing the quality of work you want. I always go out to each property and verify that the work was done and done properly. This saves my client time and money. It also ensures that we will get that property turned quicker and for top price.

Always make sure you praise your team when they are doing great. There will be times you will not be happy with the work so praising them when it is right keeps the floor even.

I had a client bring a friend to a home to look at our work (which was not completed) she got very nasty with my team. That will get you nowhere, it just gets people upset. We were their to look at the property and make some adjustments the client wanted. Being mean and nasty just will get nothing done and is very unproductive. We made the changes and left on a great note!

Listen to your teams ideas is always good to, because they are on the front lines and see things I may not see. Although the decision is always on my shoulders I always listen to my team. We had one team member on Friday that gave me a great idea on rentals and we will be implementing it this week! Being a know it all really hurts your chances of learning new stuff for you and your client.

So remember building a great team means you need to listen and verify all the task they do. Your client is always the most important reason for any decision your team or you makes. Always benefit your client and you'll have a great team in place.
Brett A Young
Real Estate Investment
Valley Realty and Rooftopprofitmax.com

Sunday, November 21, 2010

Life is to short for failure



I was talking to a investor that I met over the Internet. He had a few issues with construction and property management. He said that both were hard to deal with if you didn't do real estate investing full time.

The investor also informed that their are a lot of people that invest in real estate that have the same problems. I can emphasize with his problems. When I set my company up I addresses those type of problems and had them myself.

I had contractors that took to long and sometimes went over budget (never effected my clients price on each job). I got sick of the sleepless nights and moved to Ohio to take up the mantle and make sure this didn't happen to me anymore. Sure I was getting homes done on time and in budget, but still I needed to be their and make sure my clients standards were met. I now have a great construction company that know what me and my clients expect and demand on rehabs. Quality work done on budget and on time.

My property management was running very good, but still as always it can get better. Me and my property manager put our heads together and came up with better ways to do the property management. Thus making more money for our clients and growing our company to allow more services. We have a property management company you can get a hold and takes care of all your properties needs. We now have maintenance plans that keep your rental properties worry free WWW.rooftoprentals.info

All that happens because of great planning and marketing. Rooftopproftmax is a team effort and I have some of the best people in the industry around me. Having all these systems in place for our clients allows them to focus on buying more real estate investments.

By the way my investor friend teamed up with me and gave me 3 great projects to help him with. He understands that you can't do real estate investing by yourself, you need a seasoned team around you to make sure things are done on budget and on time.
Brett A young
Real Estate Investment Properties
Valley Realty

Sunday, November 14, 2010

What should you do in December?



I hear a lot of Realtors and real estate investors say that they will not be working in December. In fact some just take the whole month off. December has a lot less buyers and creates an environment of great buys. I had one fellow Realtor tell me to just shut done shop and take the total winter off. I of course did not do that, I went on with my business.

Some banks close out their yearly books in December and want to unload some assets that doesn't perform in there portfolio, this creates great buys for you as an investor. They all the sudden have more time to get your deals done.

Come January people get there tax checks rolling and buying home suddenly becomes popular again. December everyone is having a great time and not thinking about the future.

I say that's the best time to do both. Have fun and get some great Christmas gifts called discounted real estate. Banks and sellers don't have the volume in December which allows your deals to be more of a priority.

I've got some of my greatest deals in December. In fact December was my biggest month a couple of years. December has less competitors for real estate. People travel a lot and attend many functions for the Holiday season.

People also want to sell their real estate in December. Making offers on properties that have been on the market a long time may land you a great deal. Looking at great deals on the first day on the market in December may get you another great buy! People seem to be in the mood and that helps you get these deals done.

Just remember that my offices are always open in December and looking for great deals. Me and my clients are always looking for great deals 12 months out of the year. Consider December a bonus month for great buys and having fun at your Holiday Parties!
Brett A Young
Real Estate Investment
Valley Realty

Saturday, November 6, 2010

What does the election mean for investors?


Whether your a Democrat,Republican,Independent this election has changed the climate for investors. What will be the difference in the real estate market and lending?

My opinion of the current real estate market their are great buys for Savoy investors. You need to be careful in your investing but there has never been a better time to do it. The rental market is very good in most areas, and so is some flips. I believe in buying the lowest priced deals in the highest quality areas.

I think that the lending rules will change a bit and get some money flowing in this market. That will decrease the foreclosures and start an uptick on the real estate market. The mid west will really take off just because they are so affordable.

Arizona and Nevada will be closely behind. I would stay out of California until they get their books in order.

What am I saying? If your still on the sidelines with real estate it's time to get going. The window is shutting on this great buyers market.

Think about it real estate has been in turmoil for 4 years, it's time for the table to start turning to a sellers market. That means massive money will be flowing for those who bought in this market. Don't believe me look at history, the richest families in America did it in real estate investing.

I personally bought a Duplex from an estate for $9,000 2 weeks ago! That property does need some work but will cash flow $800+ per month. When the market turns I'll make a very handsome profit on it. WOW! that's exciting.

Understanding that today is the day can make you a lot of money!

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Brett young
Owner/ CEO Roof Top Investment
Real Estate Investment