All Forum Posts by: Axel Ragnarsson

@Andrew Michael Thanks Andrew, that's great. Just out of curiosity, what CRM do you use?

@Andrew Michael Andrew, thank you for the reply. That all makes sense. Do you have someone/multiple people working full time? The most prevalent issue I see is that I would have someone working with me part time, which is concerning given that real estate is such a time sensitive business (submitting offers, following up on leads, etc.). I agree that lead generation could definitely be delegated without an issue as it is not time sensitive. Do you have any thoughts on this?

Hi all,

I have kind of an interesting question for investors who have grown their portfolio/company to the point where they have hired an assistant or employees.. What functions within the business have you delegated to an assistant? I'm looking to take advantage of an internship program at a local university that looks to place students in a "startup environment" as part of their course credit. I would be working with a student for 8-10 hours a week, and I'm thinking of what tasks/responsibilities I can delegate to him/her. 

With that being said, what is included in the "job description" of those of you who do work with an assistant of some kind? 

Thank you!

@Roy N.

Roy, thank you for your response. I have read New Hampshire law and from everything I have gathered it is as simple as providing at least 30 days notice to a tenant before the lease end date (or a month ahead of time on a M2M) unless specified otherwise within the lease. My main question was how other landlords typically word these notices/the language they use in the actual notice. In your notice of termination, do you differ the language based on the reason of termination or keep a consistent one?

@Michele Fischer

Wow Michele, that helps a lot. Thank you for sharing! I will model mine off of yours.

Hi all,

Just a quick question for everyone. I bought a triplex in August 2016 and inherited all of the tenants. The lease on one of the tenants is expiring in 60 or so days and I do not want to renew it (he consistently pays late, could get more in rent for the unit, etc). I'm just wondering on how to word the notice of non renewal letter that I plan on sending him. Does anyone know of a template or a resource I can utilize in order to professionally word the notice/what I should say within it? Any help would be appreciated.

-Axel

@Bob Norris @Mike Cumbie @Thomas S.

Thank you all for your input. I agree that negotiating after home inspections is typically frowned upon unless the issue is major. I think the consensus is that it is OK to make a lot of offers, however it is important to close on a high percentage of the offers that are accepted. 

@Account Closed Thank you for your response. I agree that it is very important to close on the offers that are accepted. What if these were my numbers (although hypothetical, I believe they would be close to actual results):

1) I believe that 10% of my offers will be accepted.

2) I believe that I will close on 80% of the offers that are accepted.

What do you think of that? Also, you mentioned that I would not be taken seriously by agents if I were making offers before scheduling a showing. In your experience, is there a way to combat that during the offer making process? Or should i genuinely be viewing the property before I offer on it. My issue is that I know a large number of investors who believe it is a waste of time to view the property before offering on it ("that is what an inspection contingency is for!"), and a large number of investors who would never make on offer without seeing the property. Just trying to figure out which is more true.

Hi everyone,

I have a question for those investors who make offers on a lot of properties. We all know that in order to do more deals, we need to analyze more properties, and we need to ultimately make more offers. I am a licensed agent (the main reason I got my license was so that I could access the MLS and make more offers, more quickly). My question is - when making offers on a high number of properties (I plan to offer on properties even if I haven't had the chance to look at them yet), does an agent/investor start to develop a negative reputation that hinders them from doing business in the future? I want to start "growing my funnel" and offering on more properties but don't want to negatively affect my reputation and brand in my market.

Any input is appreciated. Thank you!

@Jayson Lesyk Thank you and best of luck in your future! 

@Andrew Johnson I financed my first deal through a small, local credit union, which is the best option (in my opinion) for younger individuals who may not qualify for financing at a larger institution. I raised a segment of the down payment for family and friends. On my second deal, I had a trusted family member cosign on the loan (after proving it was a great deal of course) and compensating him by paying him a percentage of gross rents until I refinance.

@Nathan Diones Thank you for the reply. What lists do you typically use for your direct mail?