Put a higher value on your time; don't look after
your tenants - get good Property Management
Now let's get this straight. You are an Investor. You DO NOT do the
property management yourself, or any other routine activity for that
matter.
Your time is much too valuable for this. And you'll soon
be far to busy making more money and more time for yourself to be
concered with things like property management.
Let someone else have the headache of tenants and the
day to day running of your investments. This person is another on your
team of “outsourced employees”.
This Investing Business is great. I have no employees
and can get all the support services I need at great prices without any
of the employee headaches.
What you need to do in your capacity as Manager is to
make investment decisions. This is in fact a big part of what
you’ll do now. Just make decisions.
You make investment decisions like when a tenant leaves
you might think about increasing the value some more and increasing the
rent at the same time.
You make investment decisions about when to re-value the
property and when to take out some of the capital growth to invest
elsewhere.
You make investment decisions about how your Real Estate
Business works with your Stock Market Business and your Internet
Business.
You make decisions that keep your money mobile; remember
we need momentum in our money to make money.
But you don't do the leg work of property management or
maintenance or anything else like that. Time is money; literally. You
are now and forever more in the league of the Investor. From now on your
money will work for you, NOT you work for your money.
But remember, as Manager of you business you'll need to
manage your employees. The Property Manager is one of your outsourced
employees and they will need to be managed. Get a personal relationship
with the Property Manager you choose; make regular contact and make sure
they are on top of things. Most important make sure they are pushing
rents up every time a tenant leaves. Vacancy is an opportunity that
you need to take advantage of.
My Property Manager now expects me to ask "how much can
we increase the rent this time" every time we have a tenant leave. I may
also take the opportunity to improve the property slightly and usually I
get an even better rent when I do this. So you see, you need to manage
your Property Manager.
Now if your feeling pretty confident about this simple yet powerful real
estate plan,that's great. You should because this strategy has made
more millionaires than any other and most of them are not rocket
scientists.
Is this real estate investing strategy for you?
If it is then get ready to take the next step. I must
say that the next step is not all that easy but you must do it if you
are to succeed. In fact it's the same step you need to take to succeed
at anything.
Do you really want to succeed? Then if you do ask
yourself this question...
If it's so powerful and so simple to make money why
do people still fail...
This is critical so please think about it. Close your
eyes and think.
Then click here...
What you
need to succeed
If you're not sure about Real Estate Investing then perhaps an Internet
Business is where you'd like to start.
If it is then click here...
Internet Cash Machine
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Disclaimer: The information
provided herein is NOT FINANCIAL ADVICE. It is educational material
only. You must make your own decisions when investing and seek
appropriate qualified investment advice. The author is not a financial
adviser.
This material is copyright protected.
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