If they were, it would be a rather small task to program that computer or train those "minimum wage people" to set off warning bells anytime the payer on a mortgage account didn't match the original name on the loan.

Evernote - keep notes/pictures sync'd between PC/ipad/iphonelogmein - control your desktop PC remotelymindmeister - mind mapping softwarefind iphone - lets you track your iphone if stoleninformant - syncs google calendar and has a very powerful task system.

Knowing how to do things myself enables me to just fire someone and do the task myself in a pinch.

Originally posted by Archie Knuckles:Land development and/or self storage...Sure, this or any RE investment strategy could be recommended, the key factor here is the investor's knowledge and experience with a specific RE investment and the point all are trying to make is that no matter which startegy that is chosen, one must first understand what they are investing in and how to properly and profitably perform the task.

So is there a routine that you do, a breakdown of tasks each day, or is this also a full time gig or at least to start.

Again it could be a reasonable cost depending on what all they had to do.There are multiple issues here.1.Most of the items mentioned for repair should have shown up on an inspection of the property PRIOR to purchasing.In my mind if you didn't get a inspection from a 3RD party inspector not affiliated with the company selling you the property then these repairs are on you for not doing due diligence.2.The other component is that this property manager has their own crew.I don't like that one but and would never agree to it.Sometimes managers also get referral fees for giving business to skilled trades even if they don't have their own crew.The problem becomes then instead of getting the best rate they have to pad it a little to give back to the property manager for the referral.So either way I am sure the property manager is reaping a benefit monetarily from it.This way they make more than the lousy 50 to 60 bucks a month managing a property.This is why I am not a fan of "one off houses" in an area far away from where I live.This is why I like owning apartment buildings.I can find a full time highly trained manager easily and they use systems and programs to control cost and everything is documented.Since they only focus on management and are not a broker/agent doing transactions and then handling "rentals on the side" my properties get the focus they need to be ran properly.It just sounds like you purchased wrong and then on top of that have a property manager padding fees with the repairs.REO agents used to do this with banks.They wouldn't make much commission on selling the little dumpy houses so would have their company do the trashout,re-key,repairs and charge full market for it.Eventually the banks caught on and choosed their own company to perform tasks and only let the broker list the property for sale.Sometimes that works and other times it doesn't as the broker or manager is now dealing with outside parties they can't control saying work was completed properly and it wasn't.If you haven't had an inspection of the property I would do it now to see what all else might come up in the future so you can expect it and plan for it.

You should definitely outsource the negotiating (not only to reduce the time, but because they should know how to work the loss mitigation dept for a better discount).Also, always try for an anti-deficiency letter for the seller.Personally, I would find an expert who does SS & farm the lead to them for a cut.Jay von Mohr

Basically a good wholesaling program that lays out task in a day by day process to follow to get your business going and in the green?

Hello, good people.My name's Nathan and i'm new here.I was sent on a task from my father to find some tax answers.Basically, my mom and her family own some land out in Lubbock, Texas.

I may seem like an easy task but the reward is exponential, literally.