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Andrew Syrios
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Quality Maintenance in a Nutshell
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How To Resolve Tenant Disputes
The landlord-tenant or property manager-tenant relationship is, unfortunately, rather tense sometimes. And unfortunately, we have seen more and more anti-landlord rhetoric and legislation come down the pipe in the last couple of years in large part because that relationship is often tense. While there will always be disagreements between landlords and tenants, there are ways …
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Investing In Rentals – Buy & Hold 101
In my judgment, investing in real estate to hold is the best method yet discovered for a person of modest means to become wealthy. Unfortunately, that doesn’t make it easy. Buying and holding real estate successfully requires accomplishing a lot of very different tasks simultaneously or it won’t work. To boil it down, there are …
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How To Finance Buy & Hold Deals
Unfortunately, buying real estate and holding it requires money and raising it can be a great challenge. Fortunately, there are multiple methods to overcome such a challenge. However, first it’s important to understand the most important principle of buy and hold; thriftiness. A 2012 Federal Reserve study found the average homeowner had a net worth …
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Due Diligence for Investing Out of State
For those who live in expensive real estate markets, buying out-of-state in a cash flow market can look very appealing. On the one hand, it makes perfect sense because in certain places, such as California or New York, real estate simply costs too much to rent out and make it pencil out. However, investing out-of-state …
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Due Diligence For Buying REI Houses
Due diligence is an extremely tedious, unpleasant and boring thing to do. It is also absolutely essential for any real estate investor. Proper due diligence is absolutely vital to avoid making costly mistakes. I, like many investors before me, have unfortunately learned this lesson the hard way. Once I bought a property with major foundation …
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Due Diligence For Apartments
Due diligence is vital when it comes to any real estate investment. And with regards to large apartments, it is substantially more important than houses. More money is at stake, so mistakes are all the more costly. I have witnessed (and occasionally been part of) more deals than I’d like to remember go terribly wrong …
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Top 20 Tidbits Of Real Estate Advice
Sometimes a simple sentence is more helpful than an entire essay. This is especially true when it comes to quick, easy rules to follow. Rules you can keep fresh in your mind versus abstract ideas that require pages upon pages to fully flesh out. With that in mind I will list out the top 20 tidbits of advice I would give to …
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It Costs More And Takes Longer Than You Think
One of the most consistent problems that new investors have is that they think they can get away with rehabs on the cheap. For one thing, you pay what you get for. Don’t hire some subpar contractor who pays a bunch of sketchy semi-employable people under the table to do your rehabs with a mix …
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How To De-Esclate Situations With Tenants
When it comes to property management, there is not a more important skill than being able to de-escalate situations with unhappy tenants. And to learn this skill, there is no better resource than Dale Carnegie’s fantastic book How to Win Friends and Influence People. When a tenant is angry about a maintenance issue, disputed charge, deposit refund (or lack …
