All Forum Posts by: Tevis Verrett

Hey Old Friend!

Cheap way: industrial sized spray bottle of Frbreeze (sp?). You may need to pull all of the carpets also.

Expensive way: there is a paint brand that will cover odors, and you must first wash the walls.

I will go get my coveralls and come over to help you,

Tevis

Nancy you are popular! Three posts while I was typing mine.

This is a game changer. . . she has NOT done her due diligence and you are the best arbiter/judge of the surrounding community, since you are boots on the ground.

Market determines price. She needs to come into line with the market.

Tevis

Hi Nancy Capron,

Your friend needs to consider the concept of 'value added.'

What ELSE can she bring to the table to make the home either more differentiated in the marketplace, or exclusive?

Think fully furnished for executives coming into town on a short term basis.

Think historic cool factor (was the local brothel. . .)

Think a health club membership with the rental. . .

Secondarily, think concessions over lowering the lease.

(e.g. . . pay 11 months and get the 12th month free-on renewing the lease)

I could keep going, tho' I don't want to hog all the goodness, and Jon is spot on!

Tell us how it turns out,

Tevis

Buhravo All on the sage words and helping Brother Jason Grote prepare for next time.

My 0.02:

Definitely on being likeable, that sticks-even with the curmudgeons.

My gentle suggestion is to have your OWN appraiser in your war chest.

. . . as knowledge is power, pony up for your own appraisal (with the guy who is sensitive to you). Present your schweet appraisal to both the buyers as well as the lender.

It will have sway, or at least keep a portion of your $$25K still in play.

Blessings and much luck in your investing, all!

Tevis

I second Salesforce.com!

I have been using it for my websites for the past 5 years, and it is seemless.

No need to buy the farm, when you can lease it in the cloud!

Tevis

Hi Callie King!

Let me say EVERYTHING that Brother George Paiva said, make these inviolate rules.

Let me add, hyperinflate the rent $50, and advertise regular rent. Written into your lease agreement is the hyperinflated rent and you have an addendum for discounted early pay.

If they pay you before the 1st, they save $600 per year. If they pay on the first thru the 3rd, you just made $50!

$25 of it goes to George and I!

Joking aside, have a heart to heart with your new tenant that 'we are partners' and a non-negotiable rule of the partnership is on-time payment of the rent.

Much good luck new landlord and keep us informed with your progress. Lean on us, we are here for you!

Tevis

Hey Carlos Liriano, we are all in a quest to become the 'big guy.'

Sounds like you are starting from square one. Take a deep breath my brother and develop your war plan. . .

it starts with your business plan:

http://www.biggerpockets.com/real-estate-investing/business-plan

Be well and much good luck in your journey!

Tevis

Blessings Brother Mentor Ned Carey for weighing in! There is so many moooving parts to this RE game, I am going back to what I did in the 80's. . .writing commercial loans.

Thinking about getting into bed with those whom are doing the deals. .

Head spinning,

Tevis

Bravo Joel Owens appreciate your candor! Maaan, do I know your pain of spending precious time, money, and psychic energy training a salesperson, only to have them jump ship because something newer and more shiny came along.

Mad ARRGH!

I will heed your words on specializing! When I grow up, my quiet love is commercial lending, which is what I did some 30 odd years ago. . .

So brother Joffrey Long, Im willing to buy you a burger at the local gentlemen's club for some sage wisdom!

What say you professional all?

Tevis

My BP peeps:

Been toying with the idea of sitting for my AGENT'S license because I slept the December 31 deadline to become a BROKER!

Arrgh, so I have to park my license at at brokerage for 2 years here in California.

Since I have to bide my time, might as well learn and do what I am interested in. . .

I plan on investing in apartment buildings, repositioning strip malls, industrial properties/storage facilities, brokering commerial loans, etc. . .

My question, can a snot nosed noob start in a COMMERCIAL real estate office, or do you brokers only take seasoned professionals?

What is the difference in the office aura, the training, the mentoring, the camaraderie?

When to start on the CCIM designation, if ever?

How to start querying offices in my locale?

I dont think I can stomach being a 50 year old intern.

Keenly interested in what my mentor brothers @Joffrey Long and Joel Owens have to opine!

Blessings all, and wishing you good business,

Tevis