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Salt Lake City, UT

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Don’t let your rental property become a charity shelter. Salt Lake City, UT

02-05-10
Alf Gizzo
Alf Gizzo: Real Estate Trainer in Evergreen, CO
  • view my blog
  • Office: (303) 679-0634
  • Mobile: (303) 350-9488

Don’t let your rental property become a charity shelter. Salt Lake City, UT

I just read a blog by Donna in NM, who has had the most dreadful experience with a Section 8 renter. She wrote that she didn’t have Section 8 housing experience and her tenant had 10 years of experience scamming the system. No rent was collected and now she has a squatter and is uncertain how to correct the situation. Several good remedies were written in reply to her questions and I don’t want to rehash her options here. I can not picture that this is an remote case. Most likely not your specific conditions, but even so, many real estate investors, who are holding investment property are making costly mistakes.

Depressed real estate prices and the profusion of very good opportunities on distressed properties are attracting many new investors interested in 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 parts that they are inexperienced in and can have a negative effect on their cash flow. Obtaining good mentoring can save money and headaches.

With our program and transitional housing, our students and I have never had these troubles. If the rent is late by more than three days, I just make a phone call or two, rekey the locks and wait for the tenant’s family member or friend to arrange a time to pick up any personal possessions. I do not return their damage deposit. Within a few hours or a few days, I have the room occupied by another lodger from my waiting list.

It’s just that easy. 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.

Find out how I can get away with this by downloading our FREE Ebook from the side bar at our main blog site.

Don't hesitate to contact us with questions. Learn about us. Learn our system. Learn what others have to say about us and our system.

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Making your home in the Wasatch Hollows area of Salt Lake City, Utah more energy efficient. Infrared Home Energy Audits in Salt Lake City, Utah

01-31-10
Ed Newman
Ed Newman: Inspector in Riverton, UT
  • view my blog
  • Office: (801) 651-5484
  • Mobile: (801) 661-2198

Looking to increase the energy efficiency of your existing home in Wasatch Hollows area of Salt Lake City, Utah? Are your Questar gas bills through the roof? Let Alamo Infrared Energy Audits and Home Inspections inspect and evaluate your Utah home or business. Our modern equipment can evaluate and determine the air tightness of your new home. Leaky windows and doors as well as missing or insufficient insulation can only be detected using high performance blower doors and infrared cameras. For more information visit our website: www.utahenergyaudit.com www.umrt.com

Alamo Infrared is the oldest and largest energy auditor for homes, businesses and government buildings in the Rocky Mountain West.

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Bet you don't know what this gizmo is - we found it in a kitchen drawer during an inspection

01-30-10
Ed Newman
Ed Newman: Inspector in Riverton, UT
  • view my blog
  • Office: (801) 651-5484
  • Mobile: (801) 661-2198

We had an inspection this week on a home built in 1956, the home was undoubtedly a one owner. The same family lived there for 54 years and everything inside was original. It looked like a museum and was clean as a whistle and perfectly maintained. The metal kitchen cabinets had little chrome push button latches just like the old style automobile vent windows. The basement had a Nutone flip down hi-fi system that still worked perfectly.

In a kitchen drawer we found this little gizmo - I knew exactly what it was the second I laid eyes on it. Not only did this thing make alot of noise, but the house sure smelled good while this noise was going on.

old pressure cooker regulator

Old Nutone hi-fiOld range

7 Comments
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Making your Avenues home more energy efficient. Infrared Home Energy Audits in the Avenues area of Salt Lake City, Utah 84103

01-28-10
Ed Newman
Ed Newman: Inspector in Riverton, UT
  • view my blog
  • Office: (801) 651-5484
  • Mobile: (801) 661-2198

Looking to increase the energy efficiency of your existing Avenues home or business? Are your Questar gas bills through the roof? Let Alamo Infrared Energy Audits and Home Inspections inspect and evaluate your Salt Lake City, Utah 84103 home or business. Our modern equipment can evaluate and determine the air tightness of your new home. Leaky windows and doors as well as missing or insufficient insulation can only be detected using high performance blower doors and infrared cameras. For more information visit our website: www.utahenergyaudit.com www.umrt.com

Alamo Infrared is the oldest and largest energy auditor for homes, businesses and government buildings in the Rocky Mountain West.

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Quick and easy ROI Calculator. Salt Lake City, UT

01-27-10
Alf Gizzo
Alf Gizzo: Real Estate Trainer in Evergreen, CO
  • view my blog
  • Office: (303) 679-0634
  • Mobile: (303) 350-9488

Quick and easy ROI Calculator. Salt Lake City, UT

Here is a quick and simple way to calculate how much you could earn using our system of renting out individual rooms in transitional housing. $450 a month for private bedrooms and $750 a month for the shared ones (12x12 or larger). Just add it up in your head, and then subtrack your operating expenses; e.g., mortgage payment, insurance, taxes (PITI) and utilities, Viola, there’s your net income, and on the average probably around $1,000 a month.

One of our newest students just opened a 4 bedroom, split level, single family residence (SFR) in a nice working class area on January 11th. Two rooms are renting out as privates for $450 a month, and two larger bedrooms will be rented out as semi-private rooms for $750 a month. Semi-private rooms include two beds. So, a total of 6 fellows will be renting. Total gross rents collected will be $2,400 a month.

His SFR looks great with small homey touches and he had his first tenant the first day he opened. A second renter moved in on the 3rd day after opening, and he continues to fill his rooms. Typically, the vacancy rate will be low, due to our successful coaching on initial marketing efforts. In a short period, your property name is out there and through several channels and this soon creates a waiting list of tenant applicants. Transitional housing is in such demand these days that the nicer places fill up quickly.

Successful real estate investors make themselves aware of every potential strategies available to maximize their earnings. Transitional housing HAS to be considered for the rental property owner, whether renting to college students, the mentally or physically handicapped, seniors or to our preferred tenant population; former offenders of soft crime. Read tomorrow’s post and find out why we refer to them as “preferred”, or . . .

Download our free Ebook, Max Cash Flow Now, on the sidebar at our main blog site to discover ALL the benefits of renting to former offenders.

Don't hesitate to contact us with questions.

Learn about us.       Learn our system.            Learn what others have to say about us and our system.

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