Wealth Expo and Info for Wealth Building with Real

Wednesday, May 11, 2011

Now maybe a good time to consider real estate in your investing portfolio. Values have returned to around year 2000 levels, which is opening the opportunity to cash flow almost instantly on both residential and commercial properties.

Make sure you do a proper real estate analysis on any property you are considering for purchase. You want to make sure you are properly leveraging your assets.

Look for local real estate and wealth expos for additional tips and information.

Once you acquire property, look for a property manager that can offer:

1. Rental analysis to determine market rental rate.
2. Advertising & marketing of the property.
3. Showing of the property by qualified personnel.
4. Comprehensive resident screening/qualifying including credit,
criminal, eviction, income/employment/rental history verification, etc.
5. Move-in & move-out inspections including photos/video.
6. Each individual lease is attorney prepared.
7. Collection & processing of monthly rents.
8. Computerized accounting - monthly/year-end tax statements.
9. Full service maintenance coordination/supervision with no markups.
10. Periodic inspection to ensure compliance with the terms of the lease.
11. 24-hour on call property managers to handle any emergency issues.
12. Superior resident relations and retention-reduces vacancies!