Louisville Gals Real Estate Blog

Property Management Solutions for Landlords

September 18, 2017 in Landlords and Tenants

landlords and tenants

Property Management Solutions for Landlords

Everyday someone, somewhere, wakes up and decides to be a landlord. Well it might be just a little bit more complicated than that, but it’s pretty close to the reality of the situation. I can tell you, most of those folks have given no thought to property management solutions.

Here’s the Scenario…

You’re a brand new real estate investor and you just purchased your first property. You have decided to be a landlord. After all, you’ve heard all about how easy it is to earn passive income from rentals. How hard can this be?

You’ve found your first property, and you made the decision to learn the business and manage the property yourself. Saving management costs is definitely something you want to do. After all, everyone says it’s easy.

Fast forward a few years down the road, and now you have a handful of properties. The management side of this business is taking more time than you could have ever imagined. In fact, it’s one giant headache. You should definitely be thinking about property management solutions by now if you haven’t already gone down that path.

Everyday someone, somewhere, wakes up and decides to be a landlord.

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Tags: Appfolio, comparison, Cozy, eRent Payment, Landlords, My Landlord Helper, Property Management, Property management software, Property Management Solutions, Rentec Direct, Tenants
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How to Implement Marketing Strategies that Will Put More Cash in Your Pocket

September 5, 2017 in Marketing

Marketing Strategies

Today’s article is about how to implement solid marketing strategies in your business that will put more deals in your pipeline and more cash in your pocket. I’m also going to go over exactly how you can do that.

Whether you are a rehabber or a buy and hold investor, having a steady stream of leads is going to be important to you. Buy and hold landlords will most likely add properties to their portfolio over time whether they only have a few properties at this time or they have a larger portfolio. In the same way, rehabbers depend on these leads to put new properties into their inventory.

Some of you might work with wholesalers that bring you properties and there’s nothing wrong with that. I’m a wholesaler. There’s no doubt that wholesalers can be a very good source of deals. But if that’s your only source of leads, what that means is that you are limited to what they bring to you and that’s not really a great place to be.

Access to off market deals is a game changer.

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Why Should You Be Marketing?

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Tags: Investing In Real Estate, Marketing, marketing mastery, Marketing Plan, Marketing Strategies, real estate investing
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How to Properly Budget for Future Property Expenses

September 2, 2017 in Guest Posts, Investing In Real Estate

budgeting

You know what separates struggling investors from great investors?

2 words. Good Math.

I’m a numbers guy. You live by the numbers or you die by them in the real estate game. Short of divine intervention, no amount of luck, sorcery or practical know-how can save you from a bad property if the numbers simply don’t work.

It’s no secret. It’s just slightly elusive. And honestly, I totally understand how SO MANY landlords fall into this trap.

Most new investors will get an approval letter from the bank saying they can afford a property worth “X” so they calculate their mortgage payments, potential rental income & property taxes and sign on the dotted line.

The truth is, that there is so much more to consider! That’s why I always run all of the numbers before even considering a purchase. While it may be tempting to take shortcuts like using the famous “50% Rule” when vetting properties, shortcuts like this can be disastrous when you’re on the hook for hundreds of thousands of dollars.

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Tags: budget for property expenses, Guest post, John Connor, My Modern Home, property expenses, Rentals
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How to Hire an Acquisition Manager with Brian Ellwood – Podcast #105

August 29, 2017 in Investing In Real Estate

How to hire an acquisition manager with Bryan Ellwood.

Today’s show is on how to hire an acquisition manager. My guest is Brian Ellwood from Denver, CO. Hiring an acquisition manager is probably one of the best things you can do to grow your business, make more money, and keep your sanity long term.

If you don’t want to talk to sellers, go on appointments, get contracts signed, and follow-up – you don’t have to. But you DO have to hire the right person to do it for you and that’s what we’re going to dive into today.

Hiring an acquisition manager for your REI business may save your sanity.

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Show Notes

Brian’s story; getting started
Starting out as a “one man show”
Mentors
Working with a partner
Finding, hiring and training an acquisition manager; the process
Brian’s 3 step hiring funnel
Paying your acquisition manager
Who takes the phone calls?
Advanced sales training resources
The magic number of appointments they need to go on each week
How to get practically an endless amount of leads for your sales rep to work
How to get much more out of your rep by using them for other important tasks
Using advanced agreements to close more deals
Going for the no; what that means

This podcast is going to teach you everything you need to know about hiring and training an acquisition manager. You will also learn how you can help them succeed and grow your bottom line at the same time. Read the rest of this entry →

Tags: Brian Ellwood, Building a Team, Fix and flip, hiring an acquisition manager, podcast, real estate investing, wholesaling
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Postcard Sending Apps – A Really Cool Marketing Tool You’ve Probably Never Heard About

August 25, 2017 in Marketing

Postcard Sending Apps

It's Hard to Stand Out

It’s hard to stand out as a real estate investor these days. When it comes to direct mail marketing, everyone is sending similar types of direct mail pieces. There are different types of letters and a whole lot of different kinds of postcards but all in all, they are pretty much the same.

Different is Better than “Better” When it comes to Marketing

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So How Can You Stand Out?

I have a tip for you that will definitely get your mail piece noticed. Today I want to tell you about some postcard sending apps that you can put to use in your real estate investing business.

I know a lot of investors that focus on specific neighborhoods or they farm certain areas. They are driving for dollars or even walking the neighborhoods which I have coined “walking for dollars”. (You can get in your daily steps and look for distressed property at the same time. Now that is being efficient with your time!)

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Tags: Apps, Direct Mail, Marketing, MyPostcard, picture postcards, Post Droid, Postagram, Postcard Sending Apps, Postcards, Postino, Touch Note
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The Comprehensive Guide to Hiring and Working with Virtual Assistants

August 22, 2017 in Investing In Real Estate, Virtual Assistants

Working with virtual assistants

This article which was originally published in 2016 has been updated.

Hiring and Working with Virtual Assistants

Hiring and working with virtual assistants doesn't have to be hard.

I have found that one of the biggest mistakes real estate investors make, it waiting too long to get help. I know because I was guilty of this. Whether it’s getting a part-time person or working with a virtual assistant, you need to do it sooner rather than later. That’s the reason I have put together this comprehensive guide to hiring and working with virtual assistants. I want you to just take the leap to outsourcing and begin working with virtual assistants.

The Problem

Let’s face it: one person just can’t do it all. We need help if our businesses are to grow and thrive! In fact, I would go so far as to say you need to outsource or die a slow, painful death from being overworked and overwhelmed.

So what do you do if you can’t hire an employee right out of the box (which by the way most people can’t do)? You need to look at outsourcing some of the work. Plan to start small, but make a plan now and get started. The way many people start this process is by hiring and working with virtual assistants.

One of the biggest mistakes real estate investors make, it waiting too long to get help.

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Solopreneurs Are a Lonely Bunch

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Tags: Asana, Dropbox, hiring and working with virtual assistants, Hiring Virtual Assistants, Outsourcing, VA, Virtual Assistant, working with virtual assistants
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Louisville Gals Real Estate Blog

Property Management Solutions for Landlords

Property Management Solutions for Landlords

Here’s the Scenario…

How to Implement Marketing Strategies that Will Put More Cash in Your Pocket

Why Should You Be Marketing?

How to Properly Budget for Future Property Expenses

How to Hire an Acquisition Manager with Brian Ellwood – Podcast #105

Show Notes

Postcard Sending Apps – A Really Cool Marketing Tool You’ve Probably Never Heard About

It's Hard to Stand Out

So How Can You Stand Out?

The Comprehensive Guide to Hiring and Working with Virtual Assistants

Hiring and Working with Virtual Assistants

The Problem

Solopreneurs Are a Lonely Bunch

~ About Sharon

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