In our last blog, we talked about the various aspects of the Owner Portal.
When you become become a Landlord, you are entering into a business.
This is a sentiment that we have echoed time and time again, and will continue to do so.
Having the right mindset from the get-go is vital to running a successful business. To that end, we do our best to ensure all our Clients understand what they are getting into when they become rental property owners.
Another key to running a successful business, is having the proper tools.
We provide these tools in the form of our Owner Portal.
If you’ve been on BiggerPockets recently, or are involved in REI at any capacity, you’ve more than likely heard about this trending investment term.
It’s known as BRRRR.
When I first saw the term, I wasn't sure what to think.
I'd receive emails with subjects that said, "Check out this BRRRR deal!"
Did it mean a really, really cool deal?
Didn't make sense to me.
After some quick investigation, I learned BRRR was actually an acronym that stands for: Buy, Rehab, Rent, Refinance, Repeat.
Brandon Turner, VP of Growth at BiggerPockets, coined this catchy, new term.
Now, there’s nothing new about this strategy. It’s sort of just a hybrid between “Buy and Hold” and “Fix and Flip”.
In fact, even though we didn’t use the term BRRRR back then, this is exactly how my business partner and I got started back in the early 2000s.
So, what exactly is this method, and why has it become so wildly popular?
Happy New Year, everyone!
It's time to recap last Quarter's rental activity in Central Indiana, as well as examine 2018 in whole.
In short, as we've noted many times in this blog, the rental market remains healthy in Central Indiana.
While we did just experience our first snow storm of the season, this Winter has been extremely mild, which, I'm sure, helped generate more activity than we normally see this time of year.
It’s the grease on the the investor’s skids.
The fuel to the engine.
Without it… well, there’s no reason to own rental property.
And because of that, we take rent collection very seriously here at T&H Realty Services.
Effective rent collection, as we’ve noted in other blogs, starts with effective Tenant screening.
But even highly qualified Tenants can sometimes run into payment issues.
And when that happens, it’s critical that you have the right system in place - a system that helps make paying rent your Tenant’s #1 priority.
“We have an approved application on your home..”
Ah, music to an investor's ears.
Getting the news that your property is about to be occupied is probably the best thing you’ll hear all day.
However, there are a lot of steps to take between approving an applicant, and the physical move-in.
Not to burst your bubble, but there are quite a few things that can go wrong during the time an applicant is approved and the actual move-in.
You just can’t predict the future when you’re dealing with such a wide variety of individuals.
But not to worry.
We have developed a system that helps mitigate potential issues, and our team is a well-oiled machine that works together to provide a smooth process for potential Tenants.
So, once we have an approved application on your home, here’s what happens next.