All Forum Posts by: Anthony Chara

Come network with investors Nationwide! After our guests are done teaching and taking your questions, we'll open up the lines so you can network coast to coast. Bring your RE Investing questions, deals or services you offer and be prepared to introduce yourself in the 2nd hour.

Most property owners will experience an insurance claim at some point.

As a property owner or someone participating in an ownership group, regardless of whether you hire an expert or not, once you know the basics, some common failures, some tips, once you peek behind the curtain, much of what you thought you knew about buying and choosing insurance, whether to make a property claim, what to expect when you do, who is or is not on your side, who are the experts, and even how you view maintaining property, will likely change. Armed with knowledge, property owners understand their risks better and make better decisions for their specific property situations. Better decisions raise the odds of successful outcomes significantly. Insurance pitfalls are plentiful and the pain they can cause is immense. Unless you plan on devoting the rest of your life to insurance, law, and construction, you're better off hiring the experts.

Before - Have you ever wondered if you have the right insurance coverage on your properties? Are you overpaying for too much coverage? Do you have inadequate coverage? Are you sure you're covered for things that you truly need like lost rents, full replacement cost or even Ordinance and Law (whatever the heck that is)? Most people find out the answers to these questions the hard way. Don't find out after something happens to your property. Be prepared before you have to make a claim.

After - Another issue that some of my students have had challenges with is making sure the insurance company 'fixes' the property to the correct standards and does so quickly. Did you know the insurance company's adjuster or even an 'independent' adjuster represent the insurance company and not you, they insured? Should you hire a 'Public Adjuster' and when to assist you?

You have questions, we have answers. Join me during this month's Virtual Luncheon to learn what you need to know before you need to know it. I'll be interviewing a Public Adjuster/Insurance Agent, Philip Weber, with Claim Animalz and attorney Christopher M. Drake with Smith, Jadin & Johnson. Both bring decades of experience to the table so mark your calendar now and join us so you can have your questions answered live.

Remember, after we finish up with our guest experts you'll have a chance to introduce yourself and network with attendees nationwide. Be on to get more deals done!

You will have a chance to introduce yourself during the meeting to let everyone know what you're doing and/or what you may need assistance with, such as; you have money to invest and are looking for a project, you have a project and you are looking for money/partners to join you or maybe you just have questions that need answers. Come network with other like-minded investors.

Are you managing your Real Estate Business out of a shoebox? Do Accounting terms befuddle you? Are you not getting all you can out of QuickBooks?

Then you NEED to attend this webinar!!!

The Definitive Real Estate Investors Guide to QuickBooks

SAVE MONEY – By having good records to give to your Tax Accountant!!! MANAGE YOUR BUSINESS – By having quality information to analyze!

What We Will Be Talking About:

An overview of basic Accounting terms and concepts

How to record bills, pay bills and write checks

How to record money coming in — rents, sales, etc

How to record the purchase of a real estate investment—rehabs, rentals, lease options, etc.

Utilizing “classes” within QuickBooks for classifying your transactions

How to create—and understand—reports for managing your Real Estate Business

And much more….

Most investors know they need to keep records, but really don’t have a clue where to start.

Isn’t it time to find out how organizing your records with QuickBooks can make your life easier?

Join me, Anthony Chara, and and Jerry Fink, REIA of Greater Cincinnati Past President, NaPHP Graduate and C.P.A. (nonpracticing) for this important webinar. Jerry has completed over 225 rehabs, holds a rental portfolio of single family homes, and did a complete rehab and repositioning of a 120 unit complex.

We already have over 120 people registered for this event. Will you be one of them?

Thanks @Taylor L.!!

You will have a chance to introduce yourself during the meeting to let everyone know what you're doing and/or what you may need assistance with, such as; you have money to invest and are looking for a project, you have a project and you are looking for money/partners to join you or maybe you just have questions that need answers. Come network with other like-minded investors.

We certainly live in interesting times. Accordingly, there's been some adjustments/changes on commercial financing as well. Please join me and my guests, John Romero of Synago Commercial Capital and Steve Malloy with Freddie Mac. We'll be discussing the impact Covid has had on commercial financing and what you need to do to be prepared to fund your deals. You'll also get to ask your own questions of our guest experts so plan on joining us live. It's going to be very informative and will set you up for greater success in 2021.

Hour number 1 will be hearing from our guest experts. Hour number 2, you'll have a chance to network with people from all around the country. RSVP now and plan to join us live. After all, you can't get your own questions answered from a recording!!

You will have a chance to introduce yourself during the meeting to let everyone know what you're doing and/or what you may need assistance with, such as; you have money to invest and are looking for a project, you have a project and you are looking for money/partners to join you or maybe you just have questions that need answers. Come network with other like-minded investors.

At this month's Virtual Luncheon you'll learn all about what an Asset Manager is, what they do, what they don't do and why you need one on all of your Deals! You'll also be able to ask the fabulous Sue Chara, yes the one and only, all of your questions about documentation, reports, interacting with CPA's, bookkeepers, investors, PM's and much much more.

Luncheon starts at 1pm ET/10am PT. The first hour will be our Guest Educator. When they wrap up, we go into nationwide networking.

At this month's Virtual Luncheon, I'll show you why paying off your investment properties, may not be the best strategy. Yes, I know, this thought process is in conflict with what most people tell you. Most people would tell you to pay off your mortgages as quickly as possible. But let me ask you this; those 'people' that are offering you their advice, what's their net worth? Most of the extremely rich people I know NEVER plan to pay off their mortgages. They plan to keep trading up until the day they die. Join me on this month's Virtual Luncheon to find out why they want to keep their money moving and never pay off a mortgage!

Hey everyone, just a quick update on September's Monthly Apartment Investors Luncheon. First and foremost, the webinar will start at 11am MT/1pm ET. Please note that we moved the Luncheon webinar up 1 hour so it truly is in line with 'lunch' coast to coast now that we're holding these Luncheons virtually.

Joining us in September will be Mr. Hank Teran. Hank works for a company called Rhino that offers low cost Security Deposit Insurance. Instead of someone paying a full month's rent or more as a security deposit, they can apply thru Rhino and pay around $5-$15 a month!! This is a huge savings. Especially, for some C Class properties where the residents are potentially having cash flow issues and have a hard time coming up with larger deposits. BTW, if you're not getting at least a full month's rent for a security deposit, you need too. And, Rhino can get you there.

I am not being compensated by Rhino to have them on the Luncheon. We are using them at several of our properties and have had wonderful results, because no one else in the area is offering this service.

In one case, we had a property that was languishing between 87%-92% occupancy and we just couldn't seem to get it any higher. We instituted Rhino in February or 2020 and within a month we hit 100% occupancy!! I have other students that are using them with great results as well.

If you do need to make a claim against a resident for damages or breaking their lease, there's a form you need to complete and potentially photos and repair docs you'll need to provide Rhino. Once they have all the documentation, they'll submit an ACH transfer to you within 48 hours for those items for the full cost of the damages or the cost of the policy, whichever is higher. We made a claim due to one of our new residents passing away. It may sound morbid, but they broke the lease by not staying thru the end of their lease. In this particular case, our PM thought it would be easier to track the payment by getting a paper check, which Rhino also offers. So in our case, it took about a week for the check to arrive.

There is NO COST to you as a property owner or PM to use Rhino. The cost is borne entirely by the renter! Join us on Tuesday, September 15th at 1pm ET to learn more about this awesome program. It will set you apart from your competition.

Click the registration link above to register now.

Plus, if you register to attend my Saturday Workshop prior to 10pm ET on Thursday, August 20th, I'll give you my Quick Analysis Software (a $179 value) and a downloadable workbook so you can follow along and take notes during the workshop as my gift to you for taking action and registering early!! If you don't register by 10pm ET on Thursday, August 20th, you'll still get the workbook, but you will NOT get the bonus software. Take action and register now using Wendy's link above.

During Michigan Real Estate Investors' monthly virtual meeting, you'll learn how to analyze your market and the 5 key indicators I look for to know that now is the right time to invest in a particular area of the country. I also believe, that because of Covid, there's a huge opportunity coming up in the next 6-12-24 months to take advantage of the situation of owner's not being prepared for the Covid situation and once the foreclosure and eviction moratoriums are lifted, some owners will lose their properties, because they didn't have enough reserves set aside to survive. Now is the time for you to become educated on how to analyze Apartments and other commercial properties so you can buy what could be some lucrative deals for yourself.

Plus, if you register to attend my Saturday Workshop prior to 10pm ET on Thursday, August 20th, I'll also give you my Quick Analysis Software (a $179 value) and a downloadable workbook so you can follow along and take notes during the workshop as my gift to you for taking action and registering early!! If you don't register by 10pm ET on Thursday, August 20th, you'll still get the workbook, but you will NOT get the bonus software. Take action and register now using Wendy's link above.