BG Properties specializes in investment properties and foreclosure listings that offer the Buyer or Investor the most cash flow possible.
Unlike other foreclosure listings that are simply generated out of MLS and emailed directly to the Buyer or Investor, I take the time to make sure the best foreclosures are pulled together.
While this does involve some work on my side, the listings that are created offer the highest cash flow, minimal maintenance work and are often ready for immediate move in! From this extensive research, an email list is created and sent out to each Client FREE!
If you would like to be registered for our FREE email list for the Dallas/Fort Worth Metroplex, please let me know and I will gladly assist you. Foreclosures are on the rise in the Metroplex, but there are amazing investment opportunities just a click away!
(Your information is kept confidential, private and never sold to anyone.)
Please let me know if you have any questions of need any assistance. Simply email me or respond to this blog with your first and last name and the best email address you would like your list sent to.
Thank you,
Chris Hyzy
BG Properties
Realtor - Dallas/Fort Worth Investment and Foreclosure Expert
chrishyzy@realtyagent.com
Great information on minimizing anxiety!
1. Calming your client
a. Don’t assume you know what your client is feeling. - Try to get them to share what is on their mind and understand their fears. Once you have determined what their fears are, alleviate them quickly by providing positive information, statistics, CMA’s, etc.
b. Ask you client what they expect from you and make sure to follow through 100%. - Communication is very important and often overlooked during the real estate transaction. Don’t be too quick to make it to the finish-line; you may end up burning your client in the process and losing them due to their lack of trust. Find out their preferred method of contact (email, phone, or text messages), hold to your commitments and your client’s expectations. Consistent and reliable communication will go a long way and calm your client’s anxiety.
c. Get your client’s worst-case scenario on the table and out in the open. - Encourage your client to speak out about their fears and listen attentively to everything they say, take notes if necessary. Do not dismiss their concerns, if you want to earn their trust your client must feel comfortable with you.
2. Calming yourself
a. Lose the self-pity. – Stop telling yourself that you cannot make it in a tough market and that you are wasting your time. Remind yourself of your successes and avoid blaming the market or others for your problems. Take ownership and responsibility for your actions.
b. Take positive actions consistently. – In difficult markets, it may become challenging to generate a decent number of clients. Explore new and innovative approaches, network and market constantly and consistently.
c. Get knowledgeable. – Research information about the market you specialize in. Stay up to date on sales and pricing statistics as well as shifts in your market. Establish goals for the number of leads you generate, sales closings, etc. Monitor your goals, if you are not achieving your goals, evaluate why you are missing your goal expectations. Work on your sales strategies to meet the existing demands.
Please add yourself to my blog subscriptions, more marketing information will be coming available!
Thank you,
Chris Hyzy
BG Properties
Realtor - Dallas/Fort Worth Metroplex
chrishyzy@realtyagent.com
1. New Jobs vs. New Housing – Trends have shown that for every two new jobs created, one new home owner will also be created. Top markets for job growth are great places for new sales activity.
2. Fewer Builder Concessions – Offers of free mortgage payments, designer landscaping, upgraded amenities and other concessions are often pulled back when the housing market is doing well.
3. Months' Supply – Evaluate the months’ supply of available housing in your market. Six months is closer to the norm for a sale to close, listings that are on the market for over six months indicate a slowing market.
4. Visitors per Listing – Closely monitor the number of visitors that are viewing your listing. Also monitor how long they stay to view your listing, the longer a visitor stays often indicates the seriousness of a buyer.
5. Rising Apartment Rents – Renters often start to inquire about home purchasing when their rent is continuously increased. Positive rental increases are expected in a stable market. Eventually the renter will begin looking at home purchases as their rent becomes equivalent to that of a monthly mortgage payment, not to mention the tax benefits received for ownership.
Please feel free to subscribe to my blogs as more marketing information will be coming out!
Thank you,
Chris Hyzy
BG Properties
Realtor - Apartment Liaison
Property Management Director
chrishyzy@realtyagent.com
This is great information on pricing homes correctly for today's market. I hope you find this information useful.
1. Look at Pending Contracts – Give the most weight to pending sales rather than active or sold listings when creating and analyzing your CMA. Pay close attention to the square footage of the home you are pricing in comparison to those under contract. Pending sales will reflect the current market conditions more accurately than listings that have sold three months earlier, especially in a falling market.
2. Don’t Take the Heat for the Market – The seller should always understand that the current market conditions will determine the final selling price, educate your sellers!
3. Creating Value is Key – Sellers should be reminded that pricing their home according to market conditions is the ultimate goal to completing the sale. A home that is not priced correctly will not generate potential buyers. During periods of slow activity, revisit the market conditions and adjust the price accordingly. If there is no value to the listing, there will be little likelihood of a sales transaction reaching a positive end result.
4. Time For A Price Adjustment – If you have not received an offer after 8 – 10 showings, adjust the price. A large price reduction is not needed, simply a reduction to generate more interest in the home.
5. Avoid “Price Reduced” Signs – Riders are used to alert drive-by clients of features the home may have such as a pool, added living space, etc. A rider that indicates the listing price has been reduced tells the public that the home has failed to sell and often creates a sense that something may be wrong with the home.
6. Move on If the Seller Won’t Work With You – Sellers that are unwilling to review market conditions and price their home accordingly will simply cause stress and take away from your time. There is no advantage in keeping a listing with a seller that is unmotivated or stubborn. Make sure you know your success ratios and closely monitor the activity on your listing. Serious sellers will work with you, develop a “team” feeling and work together collectively.
Please add yourself to my Blog subscriptions as more marketing information will be coming available!
Thank you,
Chris Hyzy
BG Properties
Realtor - Apartment Liaison
Property Management Director
chrishyzy@realtyagent.com
Nine Ways to Get Your Blog Read.
I came across this great marketing piece about Blogs and how to generate more readers. I wanted to share this with everyone as this is very useful information.
1. Promote it on all your printed materials. – Business cards, listing sheets, postcards all should include the blog address.
2. Be conversational. – Write as if you were talking to a client or friend, not delivering a formal speech.
3. Pick a specialty. – Write about something that interests you, giving readers insight into who you are. This helps them decide whether they want to work with you in buying and selling their homes.
4. Allow syndication. – Through RSS (Really Simple Syndication), you can distribute your content across the Web and to individuals who subscribe to receive it.
5. Be opinionated. – Don’t be boring, interesting blogs grow through word of mouth as visitors tell their friends about you.
6. Don’t talk about your listings. – Blog visitors don’t want just listing information, they can receive listings from numerous other sources and websites. They want to know about you and what you know that can help them with their real estate decisions.
7. Post regularly. – Place at least two new blogs weekly, every day if possible. This will keep visitors coming back and to help them develop a relationship with you.
8. Comment on other blogs. – Read other blogs and comment on their postings. From your blog, include links to them and ask them to link back to you.
9. Register with blog directories. – The more blog directories you are on, the more likely people searching for real estate blogs will find you.
Please subscribe to my Blog as I will be adding more marketing information soon!
Thank you,
Chris Hyzy
BG Properties
Realtor - Dallas/Fort Worth Metroplex
chrishyzy@realtyagent.com
I specializes in Property Management, Investment Properties, Foreclosures, Apartment Relocations, Private Rental Listings, REO's, Sales, Listings & much more!
Welcome to Realty Service!
My experience in the Real Estate Industry started several years ago as I began working as a Leasing Agent for an Apartment Community in Dallas. As time went on, I was promoted to a Marketing Director, overseeing the DFW Metroplex, and onto running several Apartment Communities at once as a Senior Property Manager.
I moved away from the Apartment Industry to focus on my Real Estate Career. My focus is now on the Sales side of Real Estate, handling Foreclosure Investments, while still working with Rental Properties and Clients.
My goal has always been to provide all of my Clients, Investors and Owners with the most professional service available. I strive for nothing but the best, and my work shows for that. No one is ever treated as "just a number" in my book, each person has their own unique needs that are addressed and listened to by someone who truly has a vested interest.
Please also visit me at:
http://www.linkedin.com/in/chrishyzy
Affiliates and Partners:
Specialties:
Property Management, Real Estate Investments, Sales, Purchases, Private Listing Rentals, Apartment Locating, Client Relocation Needs, Extensive Marketing Knowledge of the DFW Metroplex
Awards:
Top Producing Agent
Property Manager of the Year
Asset Manager of the Year
Job Experience:
Beam Real Estate LLC., Dallas, TX
Director of Property Management Relations
Realtor - Dallas/Fort Worth Metroplex
Investment and Foreclosure Expert/Apartment Liaison
• Working with investors and buyers to find the best foreclosed properties available
• Overseeing Residential Property Management, Foreclosures and Apartment Locating
• Developing and implementing brand recognition for Beam Real Estate LLC. Apartment Locating and Property Management through extensive marketing, networking, referral generation and other business opportunities
• Working with numerous Investment Clubs across the United States
• Managing apartment relocation efforts and rental property searches
• Developing positive business relationships with investors, property owners, assets management companies and clients
Worth Ross Management Company, Inc. Dallas, TX
Realtor/Property Manager/Apartment Liaison
• Overseeing $18 million in Real Estate assets and over 150 properties in the DFW Metroplex
• Creating new and innovative marketing approaches to bring new Investors, Clients, and Prospective Tenants to the Company
• Working with numerous Investment Clubs in the United States, adding new properties to the portfolio piece daily
• Handling all Property Management functions, including rental and maintenance issues, collections, lease violations, court evictions and more
• Developing a relationship with the Property Owner and the Tenant to create a cohesive environment for both parties
Metro Dallas Real Estate Dallas, TX
Senior Realtor/Apartment Liaison/Marketing
• Developed and implemented business programs to track sources of incoming clients, marketing efforts and closing ratios
• Managed and operated a successful charity relationship with the SPCA of North Texas by raising funds and creating awareness
• Met and coordinated efforts with each Apartment Community in the Dallas Region to create a positive company image and awareness of Metro Dallas Real Estate
• Increased a referral base and handling all Property and Realtor/Locator issues
• Top sales agent with the highest procurement of new clients and highest monthly billing
Texas Apartment Locators, Inc. Dallas, TX
Apartment Locator
• Assisted new clientele in apartment relocation efforts
• Marketed through a variety of sources to generate new business leads
• Developed and implemented policies and procedures over marketing the company image, training new hires and creating partnerships with each Apartment Community
• Exceeded Texas Apartment Locators 30% closing ratio to an average of 45% net close out per month.
• Top sales agent with the highest monthly bill out
Gables Residential Dallas, TX
Property Manager/Corporate Trainer
• Oversaw over $35 million in residential assets
• Increased residential renewal rates an average of 15% in Uptown
• Operated each property within projected budget guidelines
• Closed out Net Occupancy Income at a total gain of $167,000 per month on all four assets combined, exceeding projection by 39.8%
• Trained new managers, assistant manager and leasing agents on company policies and procedures
• Managed all of Gables Residential’s marketing programs, resident events, charity programs, and other special event coordination with the City of Dallas and other business entities
I personally focus on every aspect and area of Real Estate. We offer many products and services to our Clients, Investors, Owners and Real Estate Partners.
Our areas of expertise include Property Management, Apartment Locating, Private Listing Rentals, Sales, Listings, Investments, Foreclosures and much more!
My level of expertise in understading the Dallas/Fort Worth Market has proven to be very beneficial for any client I work with. 100% dedication, time and care is given to each and every client, no matter your needs, how large or small!
Property Management Services:
We are Full Time Property Managers!
Specialize in Asset Management and Rental Property Retention
1. Rental Trends
a. Day to day knowledge of the leasing market
b. Market research and personal tours of the neighborhoods to asses rental competitiveness
c. Evaluation of new properties listed on the market to assess rental trends and appropriate/competitive pricing
d. Assistance in determining the market value and lease rental rates to maximize your income potential
2. Property Evaluations
a. Tour property to assess conditions and recommend repairs, decorating and updating
b. Use of TAR-2206 – Owner’s Notice Concerning Condition of Property Under Property Management Agreement – to ensure the property condition is documented prior to a tenant taking occupancy
c. Offer suggestions to maximize rental value
d. Drive neighborhood, review other available properties, and research past/current lease files to establish the market rental range
e. Renewal rates are assessed to stay competitive with market trends and so each owner/investor receives the most from their asset portfolio
f. Tenant is responsible for all care to the property, including landscape maintenance, foundation preventative maintenance, A/C filter replacement, etc. (Normal wear and tear related issues only)
3. Specialized Marketing/Advertising
a. Diverse and varied advertising online, in print and via email
b. FREE advertising of your property
c. Strategic use of Internet Marketing and Networking
d. Extensive use of Multiple Listing Service (MLS) and co-brokerage with other Real Estate Professionals
e. Specialized announcement letters to neighborhoods on surrounding streets, as needed
f. Extensive contacts to Investment Clubs, individual asset managers, Real Estate Agents, relocation companies and major corporations
g. Continuous updates and evaluations of our marketing efforts to ensure each property is occupied with a qualified tenant with the utmost care and professionalism
h. Track vacancy rates, factors, time on the market
4. Tenant Screening and Verification
a. Complete handling of all tenant applications, inquiries and background screening through an extensive screening process
b. Verifying rental history, credit, criminal, landlord and employment verification
c. Written Texas Association of Realtors (TAR) application required for each tenant 18 years and older
d. Final screening results presented to the owner for final approval
e. Copy of each application sent to each owner/investor (excluding credit security information and Fair Housing compliance – Age, Sex, Disability, Social Security, etc.)
5. Lease Negotiations and Contract
a. Exclusive representation for each property owner/investor
b. Preparation and execution of all lease contract documents
c. Ongoing review of legal updates and changes in the laws to assure compliance with Texas Property Codes as well as local, state and federal laws.
d. Copy of residential lease sent to each owner/investor
e. Enforcement of lease provisions
f. All tenants are required to purchase a rental insurance policy for added property protection
g. Efficient and time sensitive handling of all tenant and owner/investor relations
6. Property Accounting/Financial
a. Rent collections, eviction filing and retrieval of late rent/collection efforts
b. Computerized accounting and record keeping to maximize a return on your investments and alleviate headaches with tax preparation
c. Maintaining all security deposit account and owner/investor reserve funds
d. Payment of maintenance bills pertaining to the property
e. Monthly income and expense statements
f. Itemized record of all transactions on the general ledger
g. Monthly distribution of net rents via check or direct deposit. Checks may be mailed directly to your bank.
h. Annual operating statements – 1099, for tax records at the end of the year
i. Compliance with all IRS requirements
7. Property Inspections
a. Initial inspection upon tenant move-in
b. Picture inventory
c. Move-in inventory and condition form completed within 24 hours of the tenant taking occupancy
d. Routine and periodic inspection during tenant occupancy on an as needed basis.
e. Final move-out inspection completed within 5 days of vacancy
f. Written inspection reports to the owner/investor and tenant with findings and required actions needed
g. Drive-by inspections as needed
h. Coordinate efforts with Home Owner’s Associations (HOA’s) and Code Compliance Officers to minimize property loss and issues.
8. Maintenance and Repairs
a. Experienced Property Managers and Maintenance Vendors
b. Maintain a positive and professional relationship with qualified vendors
c. 24/7 maintenance emergency response
d. Use of competitively priced vendors to minimize overall expenses
e. Monitoring and supervising small repairs requested by the tenant or owner/investor
f. Obtaining bids for large dollar repairs over $250.00
g. Computerized Work Order processing and tracking
h. Detailed maintenance repairs available for the owner/investor
i. Extra property keys are safely kept in the Management Office for inspections and maintenance vendors
j. Repairs are deducted from the Owner’s Reserve Funds
k. While the property is vacant, we will coordinate all the repairs and maintenance for you
9. Added Services
a. Insurance inquiries
b. Updates on the new security device statute, Article 92.151 of the Texas Property Code placed in act as of September 1,1993.
c. 90 Day Tenant Guarantee - This guarantee will simply state that we will refund the Management Fees for the first 90 days (minus the time the tenant occupied the home), in the event we have to evict the tenant, the tenant skips, etc.
d. Management Performance Guarantee – Beam Real Estate LLC. will guarantee your satisfaction in our Property Management Services. As an owner/investor, you may cancel your contract, without penalty, should we fail to adhere to our commitment to you. We will manage your property as if it were our own personal investment, saving you time, energy and providing the most return on your investment homes.
e. Use of State of Texas Promulgated legal forms
f. Reimbursement of three times the HOA or Code Compliance Violation Fees in the event the owner/investor is charged due to our mistake
"Chris is an amazing multi-tasker, which is truly the core of Property Management. His ability to coordinate maintenance, find and qualify potential renters, and also to take care of the Property listing all at the same time is truly a rare quality that he handles with ease. I would recommend any investor or owner to allow him to handle their Property Management solely due to his knowledge, expertise and timely manners." December 30,2008 Ann Marie Godbolt , Realtor®, International Real Estate Specialist , RE/MAX Premier
"Met Chris through the GLBT Chamber of Commerce and he's been an excellent source of knowledge and great at networking. He's provided my agency with numerous referrals and he is very creative and motoviated in making sure everyone is kept abreast of what he brings to the table. Alex" December 15, 2008 Top qualities: Great Results , Expert , High Integrity Alex Long , Insurance Agent, Allstate
"Chris Hyzy was a great Realtor that helped me find just the right place to settle into. He was very informative and patient with all my questions and needs. Whether it's a home purchase or even apartment rental, he is very capable of finding whatever you are looking for. I have utilized his services on more than one occasion and refer him to all my friends and co-workers. I 100% recommend Chris Hyzy to anyone looking for an honest, trustworthy and knowledgeable Realtor who is willing to put his client's needs first!" January 25, 2009 Ramon Navarro , Creative Director , Navarro Landscape
"Chris was very helpful removing a problem tenant, getting the property repaired, and moving in a high quality tenant." Top qualities: Personable, Expert, High Integrity. January 25, 2009 Mark Browder hired Chris as a Real Estate Agent in 2008.
"After spending countless weeks looking for a new rental property and nearly giving up, I came in contact with Chris Hyzy. Chris was very professional and efficient and spent the necessary time to help me find my perfect rental home. I am beyond words when it comes to my gratitude to Mr. Hyzy and would recommend his services to anyone in the Real Estate Industry." Top qualities: Great Results, High Integrity, Expert. March 31, 2009. Eric Rader, Citi Mortgage
“Chris is extremely proficient and knowledgeable in this industry. His relationship building with his clients and business partners is extremely well maintained, as well as his ability to speak to others and be personable. In my time working with Chris, he has opened many doors for myself and my company that will allow us to do much more future business and excel above and beyond in this hurting economy. He thinks outside-the-box and is money motivated, and, at the same time, his creativity brings others great opportunity. I look forward to doing more business with you, Chris!” April 3, 2009 Kyle Gilbert , Client Services Director, Global Advantage Credit Solutions
“I have very much enjoyed working for Chris as a locksmith. He is very knowledgeable in the real estate industry and is a pleasure to work for. He kept me busier than all of his co-workers combined. I highly recommend Chris in any area of real estate/property management. He's the Best!!” April 17, 2009 Joe Nardozza , Owner , M & S Locksmith
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