This is really an important one - the last thing you want is for a property manager to just hand out your keys to prospective tenants. Too much can go wrong. You want to know that the property manager will give good customer service and personally take prospective tenants to inspect your property. Or, they may hold open houses at specific times. This gives them a chance to get to know a future tenant better.
The sale price of my house was much higher than the market value of the home at that time in 2010. I had been trying to sell my home since August of 2008 and had been unsuccessful. There were no buyers to be found. My asking price was $139,500 and I could not sell it. How was it possible that copyright was able to sell my home to Freddie Mac for $167,458.72 when the market value of my house in 2010 was between $99,000 and $125,000? Prices of homes in Kingman, Arizona real estate in Marbella. 2009 and 2010 had already dropped by 40% to 50%. What is going on here?
Was it Mary Poppins who said "Accentuate the positive?" I'm not sure, but whoever it was, they were right. So sit down right now and write a list of all the benefits you can offer a buyer or real estate development. a seller.
3 Read 1 or 2 books that deal with personal development and real estate. Everyone's favorite in Chicago, if not the US, is Rich Dad Poor Dad by Robert Kiyosaki. His book is a great eye opener and helps adjust one's thinking about wealth. For real estate, Keller Williams' The real estate company or service. Estate Millionaire, has interviews and bios of many investors throughout the country.
Are you able to talk and connect with people easily? Do you like meeting new friends and finding out more about how they view the world? If benalus so, you will do well at creating a stash of contacts. It is important to network with the people who will be investing in your commercial real estate deals because they hold the 'pot of gold'. People that you meet will eventually be your advisors, investors and partners and they will send deals to you and connect you with wealth-building resources.
Perhaps you think that hiring a property agent isn't worth the hassle. Yes, you can go through the process yourself and buy the property directly from the owner. However, there some advantages to using an agent. One of the biggest ones is that agents have a lot of properties at their disposal via certain avenues such as real estate agent websites. This allows them to work with you so that you can find what you need as quickly and painlessly as possible.
Plus there are a lot of profit centers you can put up like a sort of self storage convenient store where they can buy locks, boxes, and other stuff they would need, but forgot to bring! Added to this is the fact that you don't have to worry about tenants and rent loss! When they don't pay, you can simply auction off their stuff and even earn a bigger profit! And what about the demand? Well, self storage has a skyrocketing demand because even if the economy is good or bad, people need a place to store their stuff!