Had an interesting conversation with my Accountant today. We were talking about the recent increase of vacancies had expereinced in the last few months. It was taking it's toll on my cash reserves, and we were discussing strategies on keeping the properties occupied and in good condition.
One of the things we came up with was offering a quarterly insentive to the tenant, and a lease renewal bonus on signing up again.
Basically, we talked about a $100 discount quarterly on making on time payments and keeping the units well maintained, and a first month discount on a lease renewal.
Keep in mind you want to make sure you build in some key information like making sure that the unit is inspected, and rent payments need to be made on time!
When you factor in a 60 day vacancy between tenants, and the cost of fixing up between tenants, the disounts or incentives you offer are going to be less than the recurring cost of finding new tenants! Remember you make money when you are able to keep the same tenant year over year!
Hope you have a great one! To Your success!
Thursday, January 17, 2008
Monday, January 14, 2008
unsecured business line of credit for real estate investors
It's still in the news! The subprime mess! The Banks are reporting their quarterly earnings this week and it looks like more write downs! Just because everyone is talking about the credit crunch, doesn't mean that there is no credit out there to be had however. this is a must know guide to real estate investing.
For those of you interested in investing, you need to know about and understand unsecured lines of business credit.
There is still lots of unsecured business line of credit for real estate investors. And that is something that all real estate investors should have in their portfolio of funding tools.
An unsecured business line of credit for real estate investors is basically unsecured credit like credit cards that are not collateralized by something like a house or a car. The business part means that the card is in your entities name. One of the big pluses of unsecured business line of credit for real estate investors is it does not report to your personal credit and affect the amount of credit available in your name!
I have access to $200,000 in unsecured business line of credit for real estate investors, and you can too! There are things you need to do and there is a right and wrong way to go about getting your credit so don't just go out willy nilly to get credit or you may screw it up.
To learn more about this and to learn how to buy real estate without money...Click Here
For those of you interested in investing, you need to know about and understand unsecured lines of business credit.
There is still lots of unsecured business line of credit for real estate investors. And that is something that all real estate investors should have in their portfolio of funding tools.
An unsecured business line of credit for real estate investors is basically unsecured credit like credit cards that are not collateralized by something like a house or a car. The business part means that the card is in your entities name. One of the big pluses of unsecured business line of credit for real estate investors is it does not report to your personal credit and affect the amount of credit available in your name!
I have access to $200,000 in unsecured business line of credit for real estate investors, and you can too! There are things you need to do and there is a right and wrong way to go about getting your credit so don't just go out willy nilly to get credit or you may screw it up.
To learn more about this and to learn how to buy real estate without money...Click Here
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