All Forum Posts by: Denayer Burns

@John Blackman 

John, this is excellent information.  This definitely gives me the direction I was looking for.

Question for you, are you familiar with tax lien investing?

I'm creating a document, something of a business plan to present to investors with whom I have established relationships.  I want to be concise and professional but effective.  What do potential investors want to see in that document?  What are important elements to include?  Basically, what's going to make them want to invest with me?

@Raymond B. 

Thank you!  Got it now!

@Joe Fairless

Thank you for the suggestion, I had not actually thought of utilizing local businesses to offer discounts.  I'm really interested in the idea of providing tenants with a resident card, something tangible that gives them a feeling of being connected to something.  Do you find this approach works better in certain niche markets?

@Landon Elscott and @Marcus Curtis

You both make excellent points and and have pointed out things for me to consider.  I work in conjunction with my husband investing and managing our properties.  I have to say that regarding investing he is really the brains behind the operation and is always looking for deals.  I, on the other hand am the detail person, looking for opportunities to maximize the asset.  Although some of the income streams associated with continuity programs seem to yield a relatively small return, I think that over time and with the acquisition of more properties they will soon prove to increase cash flow.  Now, with that said, I am still new to this, while he has quite a bit of experience with investing.  However, my approach is to know the demographic makeup of our tenants and only offer those services they would already be looking to secure.

Here's the thing, I don't know what I don't know which is why I'm here.  I appreciate your honesty and feedback.  Am I wasting time with this approach?

@John Horner

I do not have direct experience with credit repair myself, however I have a business partner who will be providing those services.  Ultimately my goal with the credit repair it create long term clients.  What I hope to do is to take my tenants from renters to home owners.  My husband is a broker, we own a real estate company.  

As far as the internet access goes, there are several companies that will allow you to act as an agent.  There are also some multi-level marketing companies out there that offer a variety of utility type services as well.  I'm not really interested in doing the multi-level marketing bit.  I've been doing a bit of research on the rental insurance, I know there's got to be a way to make it work, I just haven't found it yet.  It's funny that you ask if I'm an insurance broker, actually I'm not.  I'm a part of the corporate rat race.

@Richelle Thomas

@Richelle I'm looking for programs that I can offer to my renters to create additional streams of incomes, such as credit repair, internet service, rental insurance etc.  I would like to offer that assist my renters, but also produce additional income.

Wondering if anyone has found or offers any type of continuity programs to their renters to create additional streams of income?  If so, please explain.

@Ned Carey, thank you for the information, I will look him up.  I do plan to start making these calls soon.  I'm one of those people who has to plan and organize everything to a fault.  I think I'm starting to over analyze the conversation.  I need to just start dialing!