Becoming a Successful Full Time Real Estate Investor
This is a continuation of Becoming a Successful Full Time Real Estate Investor – Setting goals
In order to be successful, both the rookie real estate investor as well as the veteran needs to continue to implement strategies to improve their business. There is always a way to sharpen your skills to create more success. One of those necessary implementations is goal setting.
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How To Get Rid Of Bad Tenants Part 2
In the last article I spoke about the conventional way of how most landlords take care of tenant defaults or other reasons for eviction. Continue reading How To Get Rid Of Bad Tenants Part 2
How To Get Rid of Bad Tenants Part 1
As a full-time Canadian real estate investor, we must do our best to create massive and passive income. This includes driving more and more deals to us from as many sources as possible.
Keep your losses minimal
As a full-time Canadian real estate investor or landlord, we must keep our loses to a minimum. We have only a limited amount of time during each day, and we want to keep our time to work on things that make us money, and staying away from things that create losses and lots of stress for us.
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Automate Your Rent Collection
As a full-time Canadian real estate investor or landlord, you only have enough time in the day, and that time should be spend creating massive and passive income for yourself by acquiring more property and/or making more deals. So having to go and collect rent cheques every month, depending on the amount of your portfolio, can be quite time-consuming. Continue reading Automate Your Rent Collection
Cutting The Cost of Repairs
Stay Out of the Repair Business
One of the worst things that a full-time Canadian real estate investor despises is getting calls from tenants for some small insignificant thing in your unit that needs fixing.
There are ways to be able to alleviate this and have the tenant want to be responsible for small insignificant repairs and never bother you with them, thus keeping your maintenance to zero. Is this possible?
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How To Pick The Best Tenants
As a full-time Canadian real estate investor or landlord, we only have enough time in the day to do certain things, and one of them should not be responding to a continuous barrage of tenant problems. We need to utilize our time in creating more massive and passive income for ourselves.
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How To Put Your Tenants To Work For You
As a full-time Canadian real estate investor, we have a limited amount of time each day to oversee our portfolio of rental properties. Even having one or two can be time consuming, right? Some of us have a property manager but even still, we have a responsibility to our properties and to our tenants.
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How to collect like you are collecting 13 cheques months rent
As a full-time Canadian real estate investor, we will own many types of properties over the span of our career. There will be many exit strategies that we will have used that will enable us to create massive and passive income for ourselves. I must remind you that using a single realtor to help you build your portfolio is a recipe for disaster. By that I mean using a realtor in most cases, allows you to build your portfolio extremely slowly, and get caught up in what that realtor thinks is best for you.
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Picking The Correct Date for Closing
As a full time Canadian real estate investor, we must take into consideration everything that may effect our bottom line. As an educated investor, we will continually increase our bottom line through a skills and techniques that allow us to make much more money in every transaction.
A real estate investor's career will see many types of deals. A vast number of these deals, as part of our training , will require zero money from the investor in order to make money. Another part of an investor's career will include purchasing a property with their own money, or a joint venture partner's money.
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Becoming a Full-Time Real Estate Investor
Becoming a full-time Canadian real estate investor is a desire a lot of people have. They get an idea in their head that where they are today financially is not where they would like to be and real estate investing will solve all of their problems. Real estate is a great business, yes but it can be very challenging and if not done properly, is rarely achieved.
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