As real estate investors, we learn a lot from the successes as well as mistakes of one another. In today’s video, I am going to share with you a personal story that I think would be helpful for you. Whether you are a newbie in the real estate investing business or have been in business for a while, there is one very important thing to keep in mind when advertising your property. You must never advertise your real estate investing property without this in place.
You have heard horror stories from people in the real estate investing business and one of the most common is renters who pay late (or worse, renters who don’t pay at all). How frustrating is that? You probably feel this is out of your hands, and it’s up to the tenants to pay rent whenever they can.
In today’s video, I’m going to answer an avid reader’s question on how to collect rent on time. I will be sharing proactive measures and tips for collecting rent effectively. This can help you take control of your rent collection once and for all.
Real Estate Investing is a very risky way to earn money, but the fact remains that it can be a very good source of revenue if done right. Among the many different investing options readily available, however, real estate is said to be the least risky. This is why many people who are looking for ways to earn additional income turn to real estate investing. I understand it can be really tricky to people who are just on the verge of starting their real estate businesses. This is why it is vital that you are well aware of these real estate investing strategies to ensure that you achieve the utmost success.
Lying awake at 3 AM with nothing to do except watch the countless infomercials strewn on every cable channel. A gentleman wearing a neatly pressed three piece suit is emphatically explaining how he made a gazillion dollars with little to no effort. He continues that he will share his secrets with you for only ‘three easy payments of $39.99.’ Wondering if the claims could be true, you cannot seem to take your eyes away, nor change the channel. It is as if you are in a trance and his every word is more and more mesmerizing. You know in your gut that the claims are probably only partially accurate but you think about all the lavish things you could buy if it were true and how nothing is successful without risk. You hear your gut screaming that something isn’t quite right; especially after seeing the infamous “special offer” cutting at least one payment and free expedited shipping.
Assistants can offer many services to real estate investors
I’ve found that most real estate virtual assistants are used to supporting realtors as opposed to real estate investors. However, it’s easy for them to transition their skills to support us. Some of the activities my assistant takes care of are she answers all my calls, manages my advertisement schedule, creates flyers, responds to emails, sets and maintains my appointments and downloads and prepares all my excel files with my addresses for direct mail.
Whether you are planning to wholesale properties or do rehabbing, you will need a cash buyers list for your real estate investing business. Doing so helps you grow your investing network and you’ll be able to quickly offer several solutions to your sellers when you come across a deal. With cash available your offers can be solid and executed quickly.
I have been using postcards in marketing my real estate investing business. Recently, I’ve started doing every door direct mail. So what is Every Door Direct Mail? This is a service by USPS wherein your postcards are sent to reach every home and every address. You just pick the delivery routes and USPS will drop it off. You don’t even have to know the names and addresses of people. How cool is that? This is a great way of finding more customers and letting them know of your real estate investing business.
If you are just starting out with your real estate investing business, you’re probably wondering how much money you would need. Just recently, a Facebook fan asked me the same question so I thought I’d answer this on video. Watch the video below to learn more about how much you need to start your own real estate investing business.