How much money do I need?
What about Cash Flow?
How do I manage tenants/properties?
Is this the right time?
When investing in rentals, having the right realtor can make all the difference:
But there is a problem
Having another mortgage to manage can be scary.
What about Cash Flow? Will this property make me enough money every month?
Will this all be worth it?
Should I hire property management?
What if a tenant trashes my property?
What about taxes?
How much money do I need? How do I get a loan?
Is the market appreciating without you? Don’t lose any more time. Hire a seasoned investor as your broker to help make your investment Dreams Come True.
Tara's favorite resources
Investor Class
Learn about how you can build wealth and cash flow through real estate.
What about management?
Self Manage - Avail is our favorite management software (to manage it yourself)
I have several clients that use this software. We all seem to love it and it is free for one property and only a few dollars for additional properties.
They have leases, background checks, credit checks.
Marketing to multiple websites - host all of the photos and details
Report of when rent is due and if it is late automatically sending tenants reminders.
The collect and deposit rent electronically to our account
They have a maintenance request system. Visit website →
Hire a Management Company - The Source Property Management is my favorite management company - outsource your management and just wake up to a check in the bank. My personal contact there is: Briana Sullivan, Manager: 970-400-7480, briana@theSourcePM.com
I hold The Source in very high regard. They have decades of experience. The Source Property Management is an associated business of The Group Real Estate. At the Group we all decided that there needed to be a high quality property management resource we could provide to our clients.
Last time I talked with Briana, their fees went something like this.
$350 Set up fee for photos
$100 Leasing Fee - I think each time they re-lease the property - not sure if it applies for renewals
$200 slush fund while leasing the first time for lawn mowing etc. Refunded once some money is in the bank
10% Rent Management fee
No Upcharge on repairs.
Here is their sample contract
How much can you charge for rent?
Zillow.com rent tab shows Zillow's rental estimate on specific addresses. Visit website →
RentOMeter does something similar Zillow but tends to be low. Visit website →
Your plan for Investing in Rental Property
Call or Text
A quick chat to learn about your investment goals.
We have a planning session
I will learn about what you want to accomplish in investing and lay out a plan for you.
We Go Shopping
After I understand your wealth growing goals, we go Shopping for possible investments.
When are the two best times to plant a tree?
20 years ago and now.
When is the best time to invest in Real Estate?
Same answer.
