Category Archives for Manage Right

Real Estate

The Seven Steps To Success in Real Estate

Starting a new venture can be one of the most daunting tasks, especially an undertaking that involves money and risk.  If you begin a new diet and don’t lose the weight, not much has changed.  You slide right back into your old habits and comfort zone.  Can you imagine investing money in real estate when […]

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How to avoid major mistakes in multifamily real estate investing

Our 13 Biggest Mistakes Investing to 675 Units in Real Estate

And How You Can Avoid Them One of the major foundation principles that I learned while attending IPEC (Institute for Professional Excellence in Coaching) was that “You cannot make a mistake.”  Many mistakes, or bumps in the road, are merely judgments that are made after the incident has occurred.  For instance, a person looks back […]

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How Landlords Can Create a Win-Win for Tenants and Employees

How Landlords Can Create a Win-Win for Tenants and Employees One of the best ways to retain quality tenants in your apartments is to create a sense of community, a place where tenants call home and where they want to live with their friends and family. Along with creating a sense of community for your […]

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Multifamily Properties

The Three-Step Repositioning Process For Adding Value To Your Multifamily Properties

The number one goal when investing in multifamily real estate and to explode your wealth is to increase the Net Operating Income (NOI).  Let me quickly define NOI as the total gross revenue subtracted by the operating expenses of a property.  When an investor analyzes an asset, he will typically use NOI and cap rates […]

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Understanding focus on property expenses and management fees

Management Fees and Property Expenses Rule of Thumbs

In the previous article, we focused on general rules of thumb for property classifications.   Rules of thumb can be defined as a guideline that provides simplified advice regarding a particular subject.  It’s important for beginner investors to learn certain investing criteria and formulas in order to properly analyze investment properties. Using rules of thumb will […]

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Our goal is to recoup our investment in these repairs as quickly as possible.

What Items to Improve When Repositioning a Property: PART 2

In the previous article, we discussed our strategy to improve a property, thus creating wealth and attracting and maintaining quality tenants.  We strive to improve the look and perception of the property by performing all deferred maintenance, while tending to all maintenance calls from tenants. Our goal is to recoup our investment in these repairs […]

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Improving a property doesn't always involve major changes and a huge expense.

What Items to Improve When Repositioning a Rental Property

We have designed a framework at which entails three crucial steps: Buy right Manage right Finance right.  To be a successful real estate investor, you have to follow these 3 steps and execute them.  Investing in real estate to us is analogous to using a wheelbarrow.  A wheelbarrow has 2 legs and a wheel.  […]

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Who to Have on Your Real Estate Team

Who to Have on Your Real Estate Team, Part 2

Service Members In the first article, we discussed the importance of building a winning team to support your real estate business.  We described and defined each primary member.  We stressed how vital it is for your personal development and growth to surround yourself with successful and positive people.  Success in real estate depends upon the […]

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Property management and investment partners

Who to have on your Real Estate Team

Jim Rohn famously said that we are the average of the five people we spend the most time with.  Guess what? Your business is no different. If you want to be successful in real estate, then it is vital that you build a great team. Real estate is all about building relationships, and you want to start building […]

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PRofit from keeping your apartment costs down.

Our 13 Biggest Mistakes to 500 Units and How You Can Avoid Them: Part 5

We hope you have enjoyed our previous articles on committing mistakes while investing in real estate. We want to conclude with two mistakes that can make a huge difference in your bottom line. We learned very quickly how profitable it is to address utility consumption at your property. It is one of the pillars of […]

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