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7 Ways to Increase the Value of Your Land

Land remains one of the most highly sought-after commodities of modern society. Prospective landowners place high premiums on specific features of a property. The more a piece of land adheres to certain elements such as curb appeal or appearance, the more valuable it becomes. You can utilize a few of the seven listed amenities to enhance the value of land that you own.

Increase the Value of Your Land: Run utilities to the land.

When buyers picture their dream property, many of them imagine it will have wiring for electricity and running water. By providing utilities on your land, you can increase its value by 10 to 20 percent. This building consultant discusses how this applies even if you are dealing with an undeveloped property. The only caveat is that running utilities to your land can be quite expensive. It may be challenging to establish the necessary infrastructure on rural properties. You often need special permits, a well, or electrical lines. Alternatively, if your land lies within a suburb, you usually need to connect utilities to existing hookups.

Increase the Value of Your Land: Build on It.

The more work you can save them, the more prospective landowners will value your property. Buildings will almost always increase the land’s value over an empty lot. Even land earmarked for pasture or hunting can become more appealing if you build a log cabin, a barn, or even a fence. You can even save significant cash if you have any knowledge about building structures. For a DIY project, you could build the building yourself with simple supplies like concrete and a metal building kit. Metal building kits are highly customizable– allowing you to build a variety of different structures. Barndominiums are currently on trend, allowing you to great additional living space or even a potential rental property. 

A metal building on an otherwise vacant lot tends to increase how much land value appreciates. The elusive quality that increases property value, in this case, is permanence. According to this ready-mixed concrete supplier, as a landowner, you will want to find the best concrete out of hundreds of proven mixes for your project that ensures longevity and pleasing performance. If a job proves too elaborate for your degree of expertise, you can always enlist the assistance of a professional contractor. If the land is already developed, additional structures can further add to the property’s value. Buyers covet two-car garages, and more buyers are demanding in-law apartments than in the past. Such structures can add $20,000 or more to the price of a home. Swimming pools can contribute tremendous value. They must fit the style and size of the yard. Finally, fences have universal appeal.

Increase the Value of Your Land: Boost its Appearance.

There is a direct link between the appearance of a property and its desirability. By ensuring the land is free of debris and clutter, you capture a large sector of buyers who otherwise might discount it. You can keep your costs low if you do much of the work yourself. Clearing junk includes not only trash removal. Pruning trees and bushes, pulling weeds, and clearing unsightly brush and containers all contribute to a land’s attractiveness for buyers. They perceive the property as a low-maintenance investment that will require little hard work from them.

Increase the Value of Your Land: Plant Trees on It.

Adding trees to an empty property can immediately transform its aesthetic appeal. Ornamental bushes, decorative plants, and geographically appropriate vegetation (i.e. cacti) can impart beauty to raw land. The character of a tree that has the most influence on property value is its maturity. Commercial landscaping specialists recommend that aged hardwoods or conifers combined with polished landscaping can increase a home’s value by almost 20 percent. Trees are not only attractive to many potential landowners, but they can provide shade and a sense of privacy.

Increase the Value of Your Land: Establish Good Drainage.

Adequate drainage is especially important if your lot is flat. Drainage is vital to prevent erosion, eliminate impediments to plant or crop growth, and decrease breeding grounds for mosquitos. Pest control specialists explain that mosquitos are one of the most dangerous pets due to how they spread disease. Drainage can be particularly problematic on raw land. Farmers and home builders alike want assurance that they will not have to deal with standing water every time it rains. As with everything else, poor drainage also affects property appearance. Also, keep in mind any drainage from adjoining land that may affect your land. Know about any easement drainage considerations. Also, remember that areas that sink can be signs of deeper problems. Where water accumulates and to what extent are important considerations for landowners.

Improve Access to It.

Not many people will look twice at a property that they cannot conveniently reach. If your piece of land does not have easy access, you can improve this in a couple of ways. The obvious answer is to build a road and pave it if necessary. Sometimes this is not practical. You may be able to enter into an agreement with one of your adjoining neighbors. An easement or other written agreement can allow permanent access to the main road via their driveway, for example.

Care for the Soil.

At first, the ways soil affects the land value may not be apparent. When you consider you want the largest possible pool of interested buyers, then it becomes immediately obvious. According to this source, whether your land will be used for farmland or not, nutrient-rich soils can increase property value by as much as $300 per acre. The appearance of land often reflects the quality of its soil by the health of its lawns, pastures, or groves. This can be a priority for people who want the land for horses or other livestock. If you regularly test soil nutrients, you can maintain optimal levels of nitrogen and phosphorus. If the land is an investment property, add plants and trees to guard against soil erosion. Proper drainage will also help mitigate erosion.

People automatically perceive land as valuable. This quality makes it relatively simple to increase property value. If you can afford the investment, most efforts to increase the appeal of a piece of land will prove rewarding. Some options only call for maintenance and attention to detail without much out-of-pocket expense.

See you at a meeting soon!

The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agent, brokers, investors, hedge fund managers, rehabbers, wholesalers and more.

Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.

To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.

The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.

We meet twice a month.

Click here for information about the monthly luncheon.  

Click here for information about our nighttime general meeting. 

One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.

We look forward to meeting you at a meeting soon!
Click here for membership information

Get our meeting notices and market data emailed to you.

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The simplest way to manage projects out there

3 Ways to Add a Garage Substitute to an Investment Property

Once you’ve bought an investment property, you will want to do everything you can to make the most money out of it. If you’ve put the work into making the inside of the property the best it can be, then it’s time to turn your attention to the outside. You can never underestimate the power of curb appeal and outside storage. Most people want a space where their car or vehicle can be protected from the elements, so you can improve your investment property by adding a garage substitute.

Add a Carport for an effective garage substitute.

If your property doesn’t already have an attached garage, the best way to improve your investment property is to add a carport. A carport is basically an open-air structure with a roof that is big enough to fit a car in. While a carport won’t completely encapsulate a vehicle, it will still protect it from rain, sun, and snow. You can attach a carport to the property itself or have it freestanding. If you are trying to rent your investment property, an added carport can mean that you can ask more in rent, and a carport also adds value if you’re trying to sell your property.

Add a metal building or shed for a garage substitute. 

If you have enough space on your property, then you should consider adding a freestanding building or shed. This type of garage substitute is the closest you can get to a real attached garage. Unlike a carport, a building or shed can completely contain a car and protect from the weather. It can also be used for storing other things, including lawn equipment or household items. While you can hire a professional to build a shed for you, there are different types of metal building kits that can suit the space and needs that you have.

Need a garage substitute: add an awning.

Lastly, you can add an awning to your investment property. Perhaps the cheapest way to go, an awning can attach to the property itself or it can be freestanding. However, compared to a carport or a shed, an awning doesn’t give as much protection, but it does offer shade. Awnings are easy to install and are a great choice for adding a lot of value without too much effort or investment on your part.

By adding a garage substitute in the form of a carport, shed, or awning, you can vastly improve your investment property. Renters and buyers see the added value, and it could be the deciding factor in whether or not they choose your property.

See you at a meeting soon!

The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agent, brokers, investors, hedge fund managers, rehabbers, wholesalers and more.

Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.

To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.

The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.

We meet twice a month.

Click here for information about the monthly luncheon.  

Click here for information about our nighttime general meeting. 

One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.

We look forward to meeting you at a meeting soon!
Click here for membership information

Get our meeting notices and market data emailed to you.



The simplest way to manage projects out there

March 2019 Lee County Foreclosure Report

Where does the March 2019 Lee County Foreclosure Report come from?

We download from public records and trend with Microsoft Excel. We have been doing this since 2007. This report has value because it is a leading indicator of bank-owned homes coming to market.

Compiled and analyzed by Jeff Tumbarello.

March 2019 Lee County Florida foreclosure report: Trends at a glance.

Lis Pendens Filings:

  • March 2019: 93 Mortgage related Lis Pendens.
  • February 2019: 103 Mortgage related Lis Pendens.
  • March 2018: 82 Mortgage related Lis Pendens.

Certificates of Title Conveyed:

  • March 2019: 48 Certificates of Title were conveyed.
  • February 2019: 40 Certificates of Title were conveyed.
  • March 2018: 53 Certificates of Title were conveyed.

March 2019 Lee County Florida Foreclosure Report counts of year orginated

March 2019 Lee County Florida foreclosure report: When was the last payment made?

 Year Mortgage Originated Average Last payment date
2001 5/6/2016
2002 6/25/2018
2003 5/26/2018
2004 12/21/2015
2005 6/14/2015
2006 8/9/2014
2007 10/21/2015
2008 8/16/2018
2009 8/4/2018
2010 9/1/2018
2011 2/9/2018
2012 8/16/2015
2013 0
2014 5/1/2014
2015 9/30/2017
2016 6/3/2018
2017 8/7/2018
2018 7/20/2018

Some thoughts on the metrics of the March 2019 Lee County Florida foreclosure report.

  • 10 of the foreclosure filings appear to be a result of the Bertram Versus US bank decision due to the date of the last payment.
  • The lack of Certificate of Title Growth in relation to the Lis Pendens filings shows that the market has improved to the point if you go into default. You can trade out.
  • If the market is correcting, the distressed market will not be the primary driver.
  • The current filings appear to be the following factors.
    • Old Modifications that are now going bad. (2005-2007)
    • New Low money down builder transactions. (2016-2018)
    • “Normal” Distressed Situations.
    • Probates where a mortgage was involved. (Primarily the 2005-2007 Vintage)

See you at a meeting soon!

The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agent, brokers, investors, hedge fund managers, rehabbers, wholesalers and more.

Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.

To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.

The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.

We meet twice a month.

Click here for information about the monthly luncheon.  

Click here for information about our nighttime general meeting. 

One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.

We look forward to meeting you at a meeting soon!
Click here for membership information

Get our meeting notices and market data emailed to you.



The simplest way to manage projects out there

How to Create a Self-Managing Business

Many of us want to create a business. With that comes being able to manage our business, but what about a self-managing business? Is it possible? The short answer is yes, but let’s break it all down. Paul Dworianyn of Awesome Dynamic, an Amazon Consulting Agency, shares with us how to get started!

Paul’s Quick Background

I’m a business owner with twenty employees in nine states. My wife is retired and we have the one thing which people strive for, work for, and dream about, but sadly never achieve. The freedom of time.

Having the Right Mindset is Key to Creating a Self-Managing Business

When it comes to creating a self-managing business you need the right mindset. Having the right mindset is more than affirmations and positive thinking. It’s getting comfortable with being uncomfortable. It’s taking the time to analyze your excuses, questioning yourself, continuously improving, and increasing the choices you have in life and business.

There is a statistic that ninety-five percent of self-employed people trade their time for money. They should be trading value for money.

When I first started my business, these were the statements which frustrated me: “Work ON your business instead of IN your business,” and “Delegate more.” While both of these made sense, I still had questions like “How do I do this?” and “Where should I start?”

In part, the answer had to do with optimizing my time.

Optimizing Time Part I

This is one of the crucial steps in the process. You need to create the mindset shift and learn to trade value for money instead of time. This comes from prioritizing how you spend your time and discovering ways to actually multiply your time. Being busy is a choice, think about choosing to focus on a goal versus just staying busy.

One method is to track your time. Remember, “What gets measured, gets managed.” What time are you spending doing what? Become self-aware of how you’re spending your time. By tracking it, you can review where time is spent and on what. Then ask yourself, was this important? Was there a faster way to do it? Should I have delegated it?

Some great resources to help with tracking time are Tsheets.com and old-fashioned pen and paper.

Consider “The Buckets” as the First Step toward a Self-Managing Business

Use the Three Bucket method to multiply your time. Take a piece of paper and make three columns. Labe one Bucket A, the next Bucket B, and the third Bucket C.

Bucket A is things I hate to doing. Bucket B is things I don’t mind doing. Bucket C is things I like doing, but probably shouldn’t be doing.

For example, my buckets (business and personal) are as follows:

Bucket A – Things I hate doing 

Business:

  • Bookkeeping
  • Personnel Files
  • HR Compliance

Personal:

  • Doing laundry
  • Cleaning the House

Bucket B – Things I don’t mind doing

Business:

  • Annual Employee Reviews
  • Sorting through emails
  • Invoicing & Depositing Checks
  • Website Maintenance

Personal:

  • Manually paying the bills
  • Mowing the lawn
  • Getting the mail

Bucket C – Things I like doing, but probably shouldn’t be

Business:

  • Closing Deals
  • Talking with Clients
  • Marketing

Personal:

  • News
  • Social Media
  • TV / Movies / Youtube

Optimizing Time Part II

There are numerous ways to gain some time back. Make sure all your bills are set up on autopay. Stop wasting time on stuff that doesn’t align with goals. Unsubscribe from all emails that are irrelevant to meeting your goals. Don’t categorize emails, use Gmail and google search inside your email! Be sureGoogleways ask, “How can I make a second improvement on this?” And “Who can I delegate this to?”

One resource which shows an example of how a business owner makes a 2-second improvement to everything is on Fastcap.com in the video section.

Recommended reading on time optimization and how to think differently about how to use your time.

  • 2 Second Lean: How to Grow People and Build A Fun Lean Culture by Paul Akers
  • The ONE Thing: The Surprisingly Simple Truth Behind Extraordinary Results by Gary Keller and Jay Papasan
  • The One Minute Manager by Ken Blanchard
  • The 4-Hour Workweek by Timothy Ferris

Another tactic is to use automation services and software such as Chrome extensions or Calendly.com for scheduling all of your appointments. Consider hiring an assistant or sourcing out some of your tasks. Talk to your colleagues and other business owners. Tap their minds and come up with some solutions for whatever you’re time challenged with at the moment.

At some point, you need to take an honest inventory of your business. Where are you creating a bottleneck in your business and how or what can you do to get things flowing smoothly? One possible solution is letting someone take the reins. Letting go and trusting someone else to do anything in your business can be nerve-wracking, stressful, and sometimes can backfire, but you won’t progress towards letting go without trying.

Know your what, find your who,  don’t figure out how:

  • Know what you want done.
  • Find the who you can have do it.
  • Let them figure out how.

If your who hasn’t figured out how to get what you want done, your job is to find a different who, not to figure out how to get it done.

There’s a saying attributed to Jim Rohn: “You’re the average of the five people you spend most of your time with.” Maybe it’s also time to do an inventory not only of where time is spent, but with whom is your time spent.

For more information about how to get other people to run your business, read:

  • Traction: Get a Grip on Your Business by Gino Wickman
  • Rocket Fuel: The one Essential Combination That Will Get You More of What You Want from Your Business by Gino Wickman and Mark C. Winters
  • The E-Myth Revisited: Why Most Small Businesses Don’t Work and What to Do About It by Michael E. Gerber

How would spend your extra time?

What are you passionate about or is there something you’ve always wanted to do yet told yourself you didn’t have the time?

For me, it’s all about spending quality time with friends and family. I also love to read and absorb information by listening to podcasts. I’d make sure to schedule the time to scale my business and invest.

On a personal level, I’d do a better job of getting into shape and staying in shape. There’s also a desire in me to grow and impact a billion people in a positive way.

What about you? It’s worth the time to take a sheet of paper and make a list of what you would do with extra time. Would you grow a garden? Go to more theater shows? Take a class to further your education? There is no right or wrong answer. Have fun while creating the list and always be adding to it.

One book which has been instrumental to me during this process is The Miracle Morning for Entrepreneurs: Elevate Your SELF to Elevate Your BUSINESS by Hal Elrod.

 

See you at a meeting soon!

The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agent, brokers, investors, hedge fund managers, rehabbers, wholesalers and more.

Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.

To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.

The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.

We meet twice a month.

Click here for information about the monthly luncheon.  

Click here for information about our nighttime general meeting. 

One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.

We look forward to meeting you at a meeting soon!
Click here for membership information

Get our meeting notices and market data emailed to you.



The simplest way to manage projects out there

Real Estate Investing via Roommate rentals

10 things I wish I knew when I got started in Roommate Rentals by Gabriel Falk, Founder / President of That Sweet Rental:

Disclaimer: I’m not an attorney, this is solely for educational purposes and I suggest you obtain legal advice from a competent attorney!

Real Estate Investing via Roommate rentals: Separate from your personal life.

Know when to separate your personal phone number and a dedicated business line (such as a telecommunication system like RingCentral or even having a Google Voice phone number) to be utilized for your tenants and other business professionals to reach you so that way you can keep a separation between work life and personal life.

Real Estate Investing via Roommate rentals: Pre-qualify the tenants.

Proper pre-qualification questions with potential tenants to make sure that they’re going to fit your criteria before you decide to meet with them and/or having them do an application for background check. Elaborate with them so that they understand that it is a roommate rental and not just a traditional rental as a lot of people don’t tend to read advertisements and it’s full description that already states everything.

Real Estate Investing via Roommate rentals: Manage your utility bills. 

If you’re planning to include all utilities it would be best to consider solar panels, if that’s too cost prohibited at a minimum to cut down utility costs by putting in timers for receptacle switches in common areas such as living/dining room areas, etc. Do not install them in private common areas such as bathrooms. LED lights are fantastic and last a long time and are inexpensive to use. Always add a reasonable percentage to your rent pricing to compensate for the excess usage that tenants tend to overuse when they know that all utilities are included as many times they do not become mindful of their excess usage unfortunately so it’s important to implement things into place to mitigate these excess costs. Something to consider when adding washers and dryers including the utilities of that usage is maybe consider putting in coin laundry it is something that we have not done as of now but I have thought about implementing this strategy next. Providing your tenants with laundry facilities on site keeps tenant staying for longer periods of times but it is not necessary if your pricing is Affordable and you provide good value your tenants will stay regardless I’ve learned.

Real Estate Investing via Roommate rentals: Surveillance Matters! 

Surveillance cameras in common areas such as kitchens, laundry rooms, living and dining room areas including exterior of the premises is important it also cuts down a lot of phone calls from “he said she said” when it comes to people taking someone’s food it comes down to the Honor System and tenants need to know how to respect what belongs and doesn’t belong to them. Example: people think twice about doing something that they shouldn’t be when they know that they may be recorded. Be sure to have a good attorney draft up a surveillance addendum for your tenants to sign at lease signing acknowledging that they consent to this surveillance recording in these common areas due to the multi-tenant nature.

Real Estate Investing via Roommate rentals: Keyless is worth doing!

A keyless entry system is a great idea instead of using keyed locks because in the event that you have a move-out occur you don’t need to worry about switching locks out every time! Instead, you just switch an access code out and then add a new code. We presently use Schlage keyless deadbolt and Schlage keyless auto locks and they are just fantastic products! Always make sure to use a name brand 9 volt battery when changing the battery out so that it lasts the longest time frame possible (usually a solid year sometimes longer depending on usage) so don’t cheap out on cheap batteries as you will notice a difference.

Another thing that’s great is that the tenant cannot lose a key since they have a code that is given to them. I always suggest that it’s best to go with this route because it becomes less expensive overall and during move out’s you can easily just remove their code and not have to change the main entrance keyless entry as well and end up giving a new copy of keys out to all of the roommates in the house instead you remove just the code to the bedroom and the main entrance and then add in the new code for the new tenant coming in and all of the other roommates that reside can wind up using the same code that they have been given when they moved in which is different than the one you just removed.

Real Estate Investing via Roommate rentals: Hire a quality cleaning service.

Having a cleaner with a keen eye for detail to provide a monthly minimum of deep common area cleaning is important to keep the household staying nice and neat and allows the tenants to see that it needs to be kept to that degree on a daily basis.

Real Estate Investing via Roommate rentals: Pest Control is something that needs to be done every other month.

Pest Control is something that needs to be done every other month though we do our best to do it every month regardless if the tenant is keeping the household clean or not. It should be taken care of as a priority to keep everything in the household free of pests, it also gives you a way to observe the residence when you’re there so that you can see things that may be missed like maintenance that should be looked at that they might not have told you about and you can also be able to see that they’re keeping the property in good repair order on a day-to-day basis.

Real Estate Investing via Roommate rentals: Being proactive will make you profitable.

Nip issues in the butt quickly should tenants abuse your rules in your lease. Make sure to provide a zero-tolerance policy by posting a seven day notice to cure or quit if they don’t follow the lease rules its best that they vacate and if they continue to behave in a way that they do not adhere to the rules this notice gives you a reason to terminate their lease should they not comply.

Real Estate Investing via Roommate rentals: Be firm yet fair.

Roommate rentals can feel like “babysitting adults” as it’s time-consuming at times so it’s important that you are a person that can handle working with people and be fair enough but yet firm to make sure that they do what they’re supposed to do and you provide a service that they would expect.

Real Estate Investing via Roommate rentals: Better have a system!

Streamlining processes is vital in this type of business you need to train your tenants to understand ways to communicate with you and various ways to pay. I always tell the tenant the easiest way to get ahold of us is via text messaging secondarily, via email and finally, it would be as a last resort via phone call. If you receive a phone call it is best to always allow the tenant to leave a voice message first so that way you get to screen the call to determine the systematic approach of making contact. Remember, it makes your job easier so don’t overdo things if it’s not needed! 🙂

See you at a meeting soon!

The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agent, brokers, investors, hedge fund managers, rehabbers, wholesalers and more.

Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.

To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.

The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.

We meet twice a month.

Click here for information about the monthly luncheon.  

Click here for information about our nighttime general meeting. 

One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.

We look forward to meeting you at a meeting soon!
Click here for membership information

Get our meeting notices and market data emailed to you.



The simplest way to manage projects out there

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