Your ability to choose your mentors, in written form, on audio and video, and live at seminars, or even better, in person, can be the most important thing you do with your life. Here’s some advice on how to build better and more successful mentor-mentee relationships.
Number One: Set clear goals for yourself in every [...]
Monthly Archives: October 2009
12 Ways to Have a Great Relationship with Your Mentor
October 1, 2009 – 5:49 pm
The Miracle of Personal Development
October 1, 2009 – 5:47 pm
One day Mr. Shoaff said, “Jim, if you want to be wealthy and happy, learn this lesson well: Learn to work harder on yourself than you do on your job.”
Since that time I’ve been working on my own personal development. And I must admit that this has been the most challenging assignment of all. This [...]
Wait Before You Hand Over Keys to a New Tenant
October 1, 2009 – 5:46 pm
Often after a tenant signs the lease, the landlord immediately hands over the keys. At this point, many landlords miss a critical opportunity to gain profit and minimize the risk that the tenant will eventually leave owing money.
In 30-40% of the tenant debt files I review, either the move-in inspection was done poorly, or not [...]
Alexis Is Blogging!
October 1, 2009 – 5:45 pm
Are you a subscriber to Alexis’ blog? She is blogging daily, so you need to be reading! With up-to-the minute, invaluable timely news information right at your fingertips. Alexis writes what is really happening in the housing and foreclosure markets, housing sales trends and outlooks, as well as the overall economy, and everything in between.
Read [...]
States Getting Tougher on Businesses
October 1, 2009 – 5:43 pm
As many changes that were made to the federal tax law this past year, I think the most significant is on the state side. States are broke, and unlike the feds they can’t fire up the printing press to make more money. Although California did make an attempt at that with their CA IOU program [...]
Real Estate Home Inspectors
October 1, 2009 – 5:42 pm
Did you know that home inspectors are not regulated in any way by the State of California? Many home inspectors will tout their credentials and indicate that they are “Certified.” The question is, by whom?Â
The only certification available is through a self-regulated body, such as the California Real Estate Inspection Association (CREIA). This organization provides [...]
Your Time Has Come: Rental Markets are BACK!
October 1, 2009 – 5:40 pm
For the last several years I have been saying that the foreclosure epidemic would be a good thing for real estate investors. Real estate investors have such a great opportunity when foreclosure rates go up. What opportunities exist? Real estate investors can buy foreclosures, of course, and they can also benefit from the displaced owners [...]
Improving Your Community, One House at a Time
October 1, 2009 – 5:40 pm
When I started investing in REO’s I was doing it mainly for the purpose of building my rental portfolio. I had no idea just how much of a positive impact it would have on the neighborhoods and communities in which the properties were located. I didn’t realize it until after my tenant in one of my [...]
Finding and Closing Great REO Deals
October 1, 2009 – 5:37 pm
We all know that if you want a great deal, you have to find a motivated seller. Right now the obvious place to find motivated sellers is from REO (real estate owned) who own foreclosed properties. However as you will soon find out, not all bank owned homes are great deals, and not all banks [...]
Top 5 Renovations
October 1, 2009 – 1:06 pm
Whether buying or selling a property, some minor renovations can increase its value. Suzanne Sharmatalks to experts who reveal five must-fix defects, how they can be repaired and how much it could cost to do-it-yourself versus hiring a contractor.
Cost-effective renovations might be an urban legend, since it’s hard to determine what defects will actually provide [...]
