Saturday August 19th 2017

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‘Management Agreement’ Archives

IRREIA is Proud to Sponsor Our New Book Coming Very Soon

IRREIA is Proud to Sponsor Our New Book Coming Very Soon

IRREIA is in the final stages of publishing our first Ebook for our readers and members.  This volume offers over 250 pages of actionable ideas to improve your investing and property management skills and results.  Divided into 7  sections, the  book covers: Developing investors, Investor communications, Reducing operating [...]

Check out the New Management Agreement Template

Check out the New Management  Agreement Template

Are you providing management and need a contract?  Do you need a contract to compare to a providers offer?  This template will help you keep this effort under control and at the  same time  protect all parties. This management agreement successfully provided for management of over 1,000 apartments.  You should be able to make this serve [...]

Investors’ Property Management Book Thoughts

Investors’ Property Management Book Thoughts

Lately, I've been working at the idea and content for an Investors' Property Management Book. I've read a number and reviewed a lot more books on the subject. Unfortunately, they all (that I've identified) end up being books for property management by career property managers. Or on the contrary, the end up focusing on how to make millions [...]

Growing Revenue in Multifamily – The Ten Percent Rule

Growing Revenue in Multifamily – The Ten Percent Rule

I've included an article by John Wilhoit in my post today.  Before jumping into John's article, I'll add I've had great success with this  process to increase occupancy and to increase revenue. A couple quick examples stand out for me.  John presents the idea of furnished units.  We took advantage of this with minimal furnished units [...]

Professional Property Management

Professional Property Management

Professional management often gets a bad rap.  The reasons are clear.  Management company's can quickly run up expenses and are always focused on their fees.  While these are issues, this is not a reason to avoid professional management.  Instead this is a reason to more effectively manage your manager. Managing the manager begins with [...]

You Bought It… Now What

You Bought It… Now What

So, you identified the project.  The market research and other due diligence checked out.  You even reached terms that suited you.  So what now?  If you don't create a successful management plan you'll soon experience your first real estate failure.  Or, perhaps you've had several investments already.  Are you getting all from these projects [...]

Identifying a Good Deal

Identifying a Good Deal

Investors are always looking for a good deal.  And, often when they make this statement, our thoughts turn naturally to price.  I think we are well served to look at this a bit differently.  We ought first to identify a good property and then determine if price and terms can be met. How do we do this and what are we looking for? To begin [...]

A Plan to Complete a Successful Residential Investment

A Plan to Complete a Successful Residential Investment

Many investors become put off completing an investment by the details of completing the process.  This week we are adding a page to help prospective investors "Eat the Elephant".  Like the old adage says, the elephant is eaten one bite at a time. To complete an investment, there are some distinct steps to wade through.  Unfortunately, this [...]