Ben Mizes
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How To Maximize Your Returns Selling Rental Property
Many Investors have experienced rapid appreciation of their investments in the past couple years, and are deciding whether it’s a good idea to sell their investment properties and take their equity to buy something larger to increase their returns.Selling your property can be one of the smartest decisions a savvy investor makes. Before you decide to sell, it’s important to understand your commissions, taxes, returns, and opportunities for reinvestment.Understanding Returns & ProfitsThe first step in selling a rental property is understanding how much return you can expect when you sell. The easiest way to do this is to contact a…
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How To Manage Tenants – P4
Now that you’ve purchased, renovated, and leased your property, you need to maintain your investment with proper management of your tenants, from selection, maintenance, conflict resolution, all the way to turnover.If you do a great job selecting tenants, the rest of the management process is much easier. If you find a good tenant, it’s crucial to do everything you can to keep them happy so they renew their lease for another year. One bad tenant can be more work than 20 good tenants, and can easily rack up thousands of dollars in damages, unpaid rent, evictions, and legal fees.Screening Tenants…
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How To Market Your Rental Property For Sale – P3
Marketing your rental is one of the most important aspects of being a real estate investor. The price you get determines your ability to refinance, monthly cash flow, and your ability to buy more rental properties.Where to Begin To Market Your Rental?Learning how to market your rental properties can be the difference between a successful and failed investment. These five tips make marketing your properties a breeze.Post your rental on every online listing marketplace for maximum exposure. You can do this manually, or use a third party service Take photos with blinds open on a sunny day. A well lit apartment…
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How To Renovate Your First Rental Property – P2
In a seller’s market, you might have to buy a property that needs renovation to secure a good deal. If you’ve never renovated a property before, this can seem like a daunting task. Most investors have heard horror stories of the $10,000 renovation that ended up costing $100,000, and if you don’t go in with a plan, a great team, and a solid contract, this nightmare could happen to you.The PlanThe easiest way to make sure a renovation goes smoothly is to have bids for the full scope of your renovation before you ever purchase the property. This allows you…
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How To Find A Great Rental Property To Purchase – P1
In a seller’s market, finding a great rental property can be a challenge. You’re competing against tons of well qualified investors for a limited amount of inventory. To find a good deal you need to have a clear definition of your criteria, be able to move fast, and have several reliable sources for finding deals.Define a “Good Deal”Before you can look for a buying opportunities, you need to understand exactly what you’re looking for. Personally, I’m looking for at least a 15% cash on cash return, in a C or B neighborhood with the potential to appreciate. Some investors just…
