The second biggest hurdle for new rental property owners is people skills. Don’t believe the “gurus” that tell you that you can be successful in this business without talking to tenants. You can’t. So the type of relationship you build with them is important to your success.
Cash Flow Real Estate Investing TV: Anybody Else Want to Negotiate??
This is a follow up to the Fifth Element clip from yesterday. I’m engaged in a “spirited” negotiation regarding a situation where I happen to hold all the cards. And the other guy is posturing.
Cash Flow Real Estate Investing TV: Eviction is Not a Four Letter Word
Face it, all businesses that deal with accounts receivable have uncollectable accounts. It’s simply a cost of doing business. And the rental property business is no different, and thankfully there’s an orderly, structured, and inexpensive process to deal with it. So stop being afraid of evictions. And stop letting it prevent you from owning rental property.
Cash Flow Real Estate Investing TV: Treating It Like a Business
Rental real estate is a business, whether you have one unit or 100. So it’s important to think about it that way and treat it that way.
Cash Flow Real Estate Investing TV: Danger Will Robinson – MSHDA is Pulling Back Vouchers
This is a significant development in the rental market, especially if you rely on Section 8 tenants. I’m glad I have moved away from them over the last year.
Cash Flow Real Estate Investing TV: Shorts, Pick Axes, Social Media, and Getting it Done
When I moved back to Michigan in 1998 after living in California for 12 years, I made up my mind that I would psychologically will myself to wear shorts into December. Well guess what? It wasn’t a psychological issue – it was a physical one. And I find that the same goes with work. I can appreciate all the happy head social media experts posting their feel good quotes and smiley faces all over facebook,…