Max Cash Flow Now

Max Cash Flow Now: Don’t let your rental property become a charity shelter.

I just read a blog by Donna in NM, who has had the most dreadful experience with a Section 8 tenant. She wrote that she did not have Section 8 housing experience and her tenant had 10 years of experience scamming the system. No rent has been collected and now she has a squatter and is unsure how to correct the situation. Several good remedies were written in response to her questions and I don’t want to repeat her options here. I can not imagine that this is an isolated case. Probably not your specific circumstances, but even so, many real estate investors, who are holding rental property are making costly mistakes.

Depressed real estate prices and the profusion of very good deals on distressed properties are drawing many new investors into real estate. The smart ones look for coaching or mentoring from others more experienced. The majority most likely feel they can figure most things out for themselves, and then there are areas that they are inexperienced in and can have a harmful effect on their net monthly income. Getting good counseling can save money and headaches.

With our method and transitional housing, our landlords and I have never had these troubles. If the rent is overdue by more than 3 days, I just make a phone call or two, change the locks and wait for the tenant’s family member or friend to set up a time to pick up any personal belongings. I do not return their damage deposit. Within a few hours or a few days, I have the room occupied by another tenant from my waiting list.

It’s just that simple. It doesn’t involve an expensive eviction process and a minimum to no loss of rent. Squatters are absolutely unheard of, there are no legal fees, no court fees, and no fee made to local law enforcement.

Discover how I can get away with this by downloading our FREE Ebook from the side bar.

Max Cash Flow Now: Market rents may be heading down, so quadruple rental property income instead.   So,  if you are in a money-making frame of mind and either presently own or want to own rental property, you could quadruple average rental income on your residences.  Quadruple, you say?

That’s right, with all the foreclosures on the market all over the country, and not enough home buyers yet (yes, we’ve heard home sales in some parts of the country are up – are you in one of those exceptional pockets?) the rental inventory is increasing and creating higher than expected vacancy rates and lower rental rates.  However, if you could still earn a profit it would seem that because of the increased inventory of distressed properties now is still a time to buy and hold residential real estate.

A new real estate investor entering this market will likely make a few mistakes.  Possibly purchasing what might appear to be a good deal, only to find rents in that part of town have fallen.  Or perhaps you purchased a property when the rental rates were higher and slowly you’ve seen them decline?

How do you get positive cash flow from a property like that?  Don’t give up or put up with the circumstances – find a way – there is always a way.

So do your research.  Check with property management companies about the status of rents in the neighborhood that you are focusing on.  Discovery the trend, and be on its upside.  Explore other alternatives and think out-of-the-box.  Unusual times call for unusual solutions.

How?  Just read our FREE eBook and keep an open mind.  Make money!!  Do something for yourself, your family and your tenants!  To download our eBook, see sidebar.

Have a wonderful Thanksgiving!