What's your most effective retention tactic?

That may not be the most cost effective and cash flow efficient mindset, but that's where I'm comfortable with starting for now.

Well that was an amature, you need the contract to survive to seek the damages provided for under the contract.

We have been speaking about getting an apartment together to save on money anyways.One of the drawbacks I can see is that he is in effect signing a 24 month lease.

There are lots of very simple and effective way to market that you buy houses without spending a lot of money from signs in the yard, bandit signs around the neighborhood, negotiating with a local business that has a blank wall facing a major street (think gas station on a corner) to hang a banner on the side.

One issue discovered that leads to a special effects your entire portfolio.

It would be my guess that on average most people dealing in RE, I know it is for sure with agents, do very poorly.The answer is something you will have to learn on your own and it will depend entirely on your effectiveness, which is a result of your efforts, time spent, and abilities, combined with your resources.This is area specific so your best bet would be to find people in your area and figure out what is going on with them.

If not with increased management fee you are looking closer to 60% to 65% cost and not 50% annually.Tenants not directly billed bu the water authority use about 30 to 35% more water monthly and do not report water leaks.If the tenants are not paying then you will have months of lost rent,damage to the units,and reconditioning costs.You need to pay close attention to the EXISTING tenant base going in.Run your own checks on them.The existing landlord might have just filled the building up to dump off crap tenants on someone else.The fact that this property has changed hands so frequently leads me to believe it has serious problems.People get think they get a deal and then want to jump off the burning ship quick before going down.Check title history chain and see if you can locate previous owners,their attorney etc. on documents.You can also look up if a previous corp bought it and the controlling officers.

I read again and again that a person needs a mentor to move ahead and that the opportunity cost of taking the wrong actions, wheel reinvention, or not taking action usually far outweighs the cost of an effective program.

Are reno's more cost effective or cheaper without a contractor?