Sunday, March 13, 2011

Knowing the details can make you a lot of money


I usually talk about issues related to Real Estate, but today I wanted to talk about some details that I noticed that could cost you a lot of money. The first was a Business man that wanted me to build a website for his product. When we met he gave me his business card. I noticed it was one that you do in the printer. That business card told me(by the looks on his business cards) this guy wasn't too successful . Nice Business cards are $6.00 on the Internet! Who cannot afford that.

Last week I went to a very important meeting and met with a private lender . As we were talking he noticed my watch. Brian commented that he really liked my brand of watch. I've had 3 meetings with him since and we are currently setting up a large private fund for investors. I believe the watch help get me another meeting. He also funded 3 homes for us so far.

A couple of clients came in town last weekend to look at some real estate. We did what any other reasonable Realtor would do we showed them some of our investment homes and some new investment properties they were interested in. On Saturday night Tim got us all tickets to see a headlining comedian that he used to go to school with. Tammy (the headliner) was at the top of her game that night and we laughed are heads off. After the show Tim arranged for her to meet are investors after the show. They loved it and had a blast (we did too). This week we have sold them 5 homes and looking for more.

When your getting ready to do any type of business with someone be careful what you say and what you wear. Take them to some fun places and don't be all business. Remember that old saying first impressions are everything. Make sure your organized and always have great business cards and have the meeting well planned. Be well dressed and never look cheap.

Making money and making sure your client views you in a positive and successful way is key to your success. So go buy some nice clothes , wear nice watch's, get some great business cards, and have a nice website to keep in contact with your clients. Then see what effect it will have on your business. Learning the details can make you a lot of money! What people think about about you can make or break you! Brett Young WWW.Rooftopinvestment.com

Sunday, March 6, 2011

Taking care of potential clients


When your doing any kind of business you should plan to see some clients from time to time. I am a Realtor that sells investment real estate to investors all over the world. From time to time they fly in and want to see some of their properties, some new areas and potential new investments they can purchase.

As a Realtor I need to prepare with my staff to make sure we have the trip all planned out. That doesn't mean just showing them the properties they want to buy or own. You also need to show them some fun in your area. For example on Friday night we took our clients out to a Amish restaurant. They not only got some great Amish food, they also got to see some of the great Amish traditions that were in that area. On Saturday night one of the Partners Tim had a friend at the Improv. Which was very fun plus Tim's friend Tammy (the headline comedian) came out and met our investors after the show! Great way to end our clients trip!

During their stay we also picked them up daily (2 days) at their Hotel. I went to Starbucks before hand and picked up some refreshments for the drive to the first property. During the drive I had properties for them to look at on the way. We also discussed what they liked and didn't like.

Me and Tim planned out how many homes we could look at in each area and still have daylight at the end of the day. We looked at many homes and sold3-4 homes on this trip. The clients appreciated that we rolled the red carpet out to them and planned their whole trip including evenings.

All this was work but we enjoyed their company, and we had time to meet with each one of them individually . They came away with a very positive outlook on our area. We came away with learning a lot about them and their needs.

By showing them some fun spots in our city and taking the investors to some of them in the evening we sold 4 homes. Remember knowing a client takes a lot of time, but it's worth it. In the end you have to work hard, but you will also have a lot of fun doing it! Brett Young WWW.Rooftopprofitmax.com

Sunday, February 27, 2011

The Different Realtor


Realtor's are like Lawyers in a way. There are many different types of Realtor's for example some are commercial, Residential, and investment real estate. Those are the three types most widely used. You could throw property management in there also.

Lawyers are criminal, business, corporate, injury and divorce. So you can see that there why I look at Realtor's like lawyers there are many different specialties in the in the field. Picking the right one can make you a lot of money. Picking the wrong one can cost you dearly.

When you are looking for investment property make sure the Realtor you use specializes in that area. Some Realtors do both Retail and investing so make sure they do more investing then retail. The Realtor should also give you some examples they've done in the business. They should also have some examples that you can easily view via video or go see for yourself.

I've seen many Realtors that say they specialize in Investment real estate, but have no examples for you to see.

Make sure they have their own portfolio in their business. To me this say's that they believe in what they are doing. Of course they must be successful at their own business.

Check out their system if they have one. For example do they have a construction company, property management, maintenance, and sales arms in their business. If you buy an investment home you will need all the arms to make sure that you get your property ready to sale or rent.

That's a very big part of your business to make sure you have the right Realtor. If any of those arms are not present after you spend your hard earned money then you may be in trouble.

It takes the right Realtor to make sure that every part of your investment property is taken care of for you. Making money in the investment business may require you to look for a different Realtor! Brett Young www.Rooftopprofitmax.com

Sunday, February 20, 2011

Learning Marketing through Podcast


If you are in the real estate game, marketing is very important whether you are a buyer or seller. I personally listen to alot of Podcast that keep me on the cutting edge of internet marketing.

One I listen too is "Help my Business Sucks" this podcast is totally free at ITunes. He gives you great easy tips on how to market whatever you are selling. It also gives you different websites that you can use for your business. For example www.Fiverr.com this site allows you to get almost anything done for $5 bucks. This site is a great place to put your Utube Video to get massive hits. His show is a webtvversion meaning it lookslike and acts like a television show.

You can also get eductional podcasts in real estate all free. I have one myself just search www.rooftopinvestment.com and you will find it on Itunes. There are also many other free real estate podcasts. Ours are all audio on Itunes, but we also have the video version on Facebook. Just search on facebook for "paving your way to financial freedom". We have a full libaray of free educational videos and audios you can tap into.

Itunes is free to set up and has many free Podcast and Unversity audio/Video courses. One more example of one that I personally listen tois called "marketing over coffee". This is also a great podcast that gives valuable information on internet marketing and totally free. It's two guys that research Google and other advertising tools that they use for internet marketing. They give you easy to understand and new ways to advertise your business on the internet.

So when your driving to work or going somewhere that you have at 10 min or more drive,listen to podcast on the way. You can learn so much from these free lessons and they will help you find very useful tools to help you do about anything you want.

Make sure you get a Ipod to listen to them on. This is my educational item I always take with me and learn new things while I drive or wait for someone over coffee. It will pay for itself very quickly.

People always ask me how I learn new ways to do things and I mostly learn new ways to market on the internet thru podcast lessons.

You say what does this have to do with real estate? I think Real Estate is all about information and the internet is fullof information for free! Brett Young Valley Realty

Sunday, February 13, 2011

Doing things the right way always means profit!


I finished a duplex a few weeks ago and it really taught me key points about what tenants really look at.

The units had small bathrooms so we did the usual new flooring,caulk,paint, and basic clean up on the bathroom. When we finished the unit Peter my construction Foreman brought over some bathroom accessories to update the look of the bathroom. I thought that was nice but didn't really pay attention to it.

I also decided to make a third bedroom in the attic area. This area was around 800 SF and had all the drywall up. All it needed was a closet. So I framed in a huge walk in closet and I put new carpet . We needed to build some new stairs and put a pony wall around the opening so no one would fall through (you don't want that).

After the remodel was done we quickly rented both units (10 days) to the same family. I called my leasing agent and he told me that the tenants really liked the bathrooms. They ask if the bathroom accessories came with the units? Of course we said thay did come with the unit.

I later met with the tenant to fix a couple minor issues they wanted done before they moved in. I ask her why they picked our unit? She said that the place was so clean and nice that her husband told her to rent it immediately after looking at 5 other places! That meant a lot to me and my company!

Always make your units sparkle and have the wow factor! This makes your client happy and most importantly more money! Brett Young www.Advancedcashflowsystems.com

Sunday, February 6, 2011

Learning the details makes you money


Rooftopprofitmax/Rooftopinvestment started as an idea in 2002. My idea was to create a venue for investors to buy in other areas besides the ones they lived in.

My concerns were setting up a system that acted like a turn key. I wanted to set up the buying, construction, property management, and maintenance of the clients property so that the property will cash flow and have a great equity position.

Let's flash forward to 2011. I've set that system up and we now have 100+ properties we've done in the last 2 years. Our gross rent receipts are almost $800,000 a year, we have also created over $3,000,000 in equity on properties that average $35,000 total cost including rehab.

Our private property management has less than 5% vacancy rate, most of our units are pre-rented. We have a state of the art marketing program and management program that keeps our clients pockets lined with cash flow. We have a software that keeps our clients informed on their properties! The management is a very important part of making money on your property.

We also have a detailed our own private rehab crew that leaves no stone unturned. We make sure that our properties have a sparkle effect when they are completed. We then audit the rehab and finish the property. We just finished a duplex that had small bathrooms so we fixed that. We purchased matching shower curtains,soap dish,trash can and tooth brush holder. The first prospective tenant liked that so much her and her daughter rented both units!

We just finished another duplex and kept attention to details and it was rented the very same day we finished it.

We also maintain the properties so they sparkle after a tenant has moved out. We usually rent these properties out within two weeks. Again attention to details makes our clients money!

We also find quality real estate that makes sense. We cash flow $400-$500 a month net on average. The Equity is usually double what we pay for it. That's because we have a full time staff that spends everyday looking for the best deals. We just bought a home in Bedford Ohio for $11,300 that's right $11,300. Our company have also purchased 4 other quality properties this week. We are very detailed on what we buy for our clients.

Learning all the details to making your business successful will make you and your clients money! Rooftop grew 400% last year, because we watch the details so our clients can make money! Brett Young Rooftopinvestment.com