Dear Realty411 Member;
Thank you for being in our network, we appreciate it. In an effort to keep you updated, we are sending you this email to let you know about some new events we are adding, as well as other important information.
HOUSTON EXPO UPDATE:
First of all, please know that our thoughts and prayers are with our friends in Houston who are suffering at this time. Regrettably, we are issuing an alert to all of our fans and clients that our Houston Real Estate Investor’s Expo has been postponed because of Hurricane Harvey.
We will have our Houston Event in January and it will be a charity expo to raise funds for the rebuilding efforts. The Listed Sisters will speak at our Oct. 14th event in NYC.
Please see our new event schedule, we are looking forward to seeing you soon!
9/16 – San Diego
9/23 – Santa Monica
10/14 – New York
10/21 – Portland, Oregon
11/4 – Ft. Lauderdale, Florida
11/11 – Atlanta,Georgia
11/18 – Pleasanton, CA
Please register for the event of your choice at: http://REALTY411Expo.com/RSVP
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We thank you for reading this important message, have a blessed day.
REALTY411 MAGAZINE – 310.994.1962
The Insider Info…
If you’ve ever wanted to get in on the next big thing before anyone else even heard about it, your turn is now. Brandon Barnum, a colleague of mine, is the president of Refer.com and he just let me in on some insider information.
Refer.com is launching the next version of what is already known as the World’s #1 Referral Marketing System.
Their invitation only network already has top-notch trusted business owners and professionals in over 130 countries.
As part of their global launch, they have been quietly selecting local professionals to partner with and promote as their exclusive “Preferred Pro”
Those chosen will be endorsed and promoted to the entire Refer.com member base for 5 full years as the exclusive Preferred Pro for that industry and area.
You’ll be promoted as THE local trusted expert in your profession
Introductions by a major brand like Refer.com to high-profile complementary professionals in your market
Exclusivity as the only official Refer.com Preferred Pro in your industry and area for the next 5 years
Referrals and recommendations through Refer’s private Concierge Service
As you would expect, Refer.com is being very selective in who they promote, but the good news is that Brandon has agreed to consider a select few from my Real Estate audience as Refer.com “Preferred Pros”
That means you can lock up an exclusive market and become the only professional Preferred Pro that Refer.com recommends for your industry and area for 5 years.
So if you..
Are you a realtor tired of giving away tons of referrals, but not getting many back?
Are you a mortgage broker looking for financial planners and other professionals to promote you to their client base?
Are you a Real Estate Professional looking to take your business to the next level?
Brandon is going to give a special overview of the Preferred Pro promotion plan on Thursday 08/24 at 11:00am Pacific/2:00pm Eastern so you can double your business through referrals.
Grab a spot now. They fill up quickly!
So if you want to get endorsed and promoted by a major brand like Refer.com, be sure to click the link below and register for the special overview.
Celebrate Our New Issue IN BEAUTIFUL DANA POINT, CA
A SPECIAL STAR-STUDDED SATURDAY await our readers, fans investors in our network! Learn LIVE and directly from TOP Leaders, such as: Kent Clothier, Mark McKeller with HomeVestors, Sensei Gilliland, Marco Santarelli, Mr. Land Trust, Marcus Reynolds with 2020REI Group, Merrill Chandler with Credit Sense & more! SPECIAL THANKS to our uDirect IRA Services. For further information, see below.
Whether you’re a real estate developer or own one or multiple properties for your own business use, the single predominant factor in generating a swift building sale is based on aesthetics.
First impressions count and that goes for the look of the property and exterior. If a building is in great shape and well maintained, this obviously brings potential buyers flocking. But if the landscaping is a sight for sore eyes, not only could this deter buyers but the few stragglers still interested need to account that the land will require an overhaul. And that costs cash so the negotiating table will need to account for a drop in sale price, in accommodating the price to renovate the land.
There’s no excuse for a shoddy yard, even if you’re selling within an industrial park setting: notorious for sparse or unimaginative gardens. Even if the exterior is not something you want to invest in before putting the property on the market, you may change your mind when you see the stats: excellent landscaping can add up to 28 percent ROI and result in a faster sale. According to John Harris, economist at HouseLogic, this fact now opens the door to what is perceived as ‘excellent.’ A good landscaper can charge a small fortune to keep up the grounds to excellent levels, so the high cost in maintaining the land may not really bring in the dough come time to sell. Offsetting these prices need to be accounted for before investing in designing an excellent landscape.
Or is there an alternative that’s not only costs 25 percent less to maintain than a traditional gardener, but is more environmentally friendly, reduces your utility bills and gives you a lot more than a few daisies and pretty greenery?
Urban Produce Beds Are Booming
The team at Farmscape has been creating edible gardens within residential homes, offices, sporting attractions and industrial parks for near towards a decade. They’re either contracted out from the start to design and plant vegetable gardens during construction or hired to install the produce beds once a third party designer has approved the landscape plans.
From working on Giant’s Stadium, Oracle, North Face’s headquarters and over 700 more properties on the west coast, Farmscape now maintain 300+ of these beds. Space permitting, they also create orchards and vineyards alongside native plants, so the surroundings are now as visually appealing as the building and come with unique bells and whistles.
Multiple Health & Cost Benefits
The company is the largest urban farming venture in the country and no space is too small for them to work with. Set up costs run from $25k per development. Once they’ve planted the vegetable beds, local farmers maintain these regularly. The farmers encourage residents or employees to dig and weed with them, an attraction that a standard farmer wouldn’t usually propose. The locals are now de-stressing from a long day’s work, chatting to neighbors or co-workers they’d usually not interact with. The bonus being that they take home the carrots, radishes and pears for dinner instead of racing to the crowded supermarket to pay overinflated prices for the same produce. The seasons change and so do the beds during quarterly crop rotations, giving approximately 2.5lbs per sq. ft. annually. Equate this to a 100 sq. ft. garden and you’ll expect to see 250lbs a year (around 5 lbs per week) of produce. Account that nearly every Farmscape garden usually expands based on pure attraction over time, property owners could easily double or triple the beds and produce within 12 months. For example, Levi’s Stadium allocated 3,000 sq ft for beds but within a year, it’s now 6,000 sq ft and growing.
Using environmentally friendly and cost efficient drip irrigation systems, water costs are reduced. Mature trees are planted to keep properties cool in the summer and act as wind breakers in harsher weathers, again yanking down those utility bills. Then there’s the benefit of planting money making trees, such as a large oak which can add $150 to a property value (National Tree Benefit calculator) while silver maples bounce the building value up by $2500 (HouseLogic). And by installing native plants, these pretty much self sustain so require little or no true maintenance.
Greens Bring in the Greens
Now imagine you place your property on the market, the photo gallery is streaming with brick & mortar images alongside a thriving garden ripe with plums, cauliflower and employees or residents getting their hands dirty in the soil. Compare this to an attractive building surrounded by a few weeds and a sad looking, solitary fir tree craving companionship. The second example property may be in a more attractive location yet the first opens new doors for growth since Farmscape confirms that for every property they maintain, nearby owners want in on the action. They regularly see nearby homes and office sites jumping on the bandwagon for a full Farmscape renovation, and edible garden they can proudly own. This accumulates to naturally increasing the full neighborhood property prices since everyone has kept up with the Joneses. When it comes time to flipping that property selling switch, neighbors are more than chomping at the bit to see the listing price, now higher than average. Green fingers producing edible gardens confirm that money can grow on trees…and broccoli.
Lara Hermanson, Co-Founder & Principal, Farmscape
Lara Hermanson is co-founder and Principal at Farmscape, the nation’s largest urban-farming company. Farmscape has worked on over 600 urban farming projects including Levi’s Stadium, AT&T Park, and Oracle. Select clients is available on https://farmscapegardens.com/portfolio
~Interview of Pam Blanco by Tim Houghten
It all falls apart, or comes together in the property management. What should real estate investors be looking for in order to get the most out of their assets and portfolios now? Property management is such a critical issue, especially in a market that is as large and popular as Texas. So, we tapped into the mind of Pam Blanco, who has been a professional investor, broker, and asset manager in the DFW area for over 20 years, to find out the types of services investors should be seeking today…
– The Performance Issue –
It is in the management that investments are proven or broken. In reality, what should be amazing investment opportunities can miserably fail to live up to their potential, if the management isn’t good. At the same time, a borderline, mediocre investment property could become a star asset and multiply in value, with great management. Every real estate investor knows they need professional third-party management. At least if they are to ever really get the best benefits out of their investments, and to be able to enjoy the rewards of their investments, while achieving optimal returns.
Of course, finding a great property management service isn’t always easy, even when you are buying ‘turnkey’ properties from out of the area. It’s much the same as trying to pick out a good Realtor, attorney, lender or internet service provider. Sometimes you have to do a little hunting to find a great one.
The need to secure great management is urgent more than ever today, and here’s why…
– Stopping the Leaks Before the Market Changes –
The Dallas-Fort Worth area real estate market has been one of the strongest and fastest growing in the US over the past few years. Even though data suggests that markets like San Francisco, may already be deflating. Zillow predict Dallas home values will continue growing, at least through April 2018. With its high rents and high rent-to-price ratio, and reputation for its insulation from market fluctuations, Dallas could become even more popular with global property investors over the next year.
However, this is not the time to be lax in property management. Spreads may be great, and tenants may still be plentiful. Yet, these dynamics are constantly influx. Asset prices are expected to rise over 5% in the next year, rents may soften as they push affordability to breaking point, and some tenants may make the leap to homeownership as flippers offer seller financing, and to beat higher interest rates.
Landlords must lock in great tenants now, provide an experience which will keep them, ensure their properties are maintained in premium condition, and operate at extreme efficiency to maintain cash flow yields despite converging economics. Pam Blanco says that these are some of the important factors buy and hold investors should be seeking, and signals that they are working with a reputable company that is serious about providing a stellar service.
1. Mobile First
Approach to Service
Google has moved from preferring ‘mobile friendly’ websites, to giving preference to mobile-first websites. That makes it smart from a marketing point of view, but is also just common sense in the effort to best serve both investors and renters who are now mostly mobile.
2. Online Rental
No one wants to be bogged down in paper today. Much less having to be emailed documents and find a print shop, fill things out and find a way to fax things or drive them back. That’s dinosaur age. Prospective renters should be able to apply online, and that serves the process with increased speed too. Not to mention preserving the environment.
3. Clear Qualification Criteria
Landlords have to be very, very careful in approving and denying tenants today. Qualifications must be clear and applied evenly and lawfully to avoid expensive lawsuits. Having clear requirements also streamlines the leasing process and keeps the pipeline clear of those who won’t qualify.
4. Fast Tenant Approval
Slow operating property management companies and HOAs that drag their feet on approvals are a major detriment to the real estate market today. They hurt all parties involved, including neighboring unit owners.
5. Track Record
Just as with looking at renters’ track records, property owners should be looking at manager’s track records to predict future performance. Many, many people are trying to jump into the PM game to capitalize on the current surge in rental property ownership. Watch who you pick.
6. Online Payments
Renters must be able to pay online today. Failing to have this capability is just asking for performance issues.
7. Regular Property Inspections
Pam Blanco says, “It is surprising how much damage a bad tenant can do to an asset in a short period of time.” Sometimes you just never know, despite how great a prospect appears on paper. Thorough managers will schedule regular property inspections and document them to preserve assets.
8. Online Management Tracking
Investors should also expect transparent and up to date details on their property to be accessible online, all the time. This may be proprietary software, or using property management tech tools like PropertyWare or Rent Manager.
Pam Blanco is the founder and owner/ broker of PAMS (Property Asset Management & Sales). She has been in real estate since 1991, and has built a robust team of industry experts to service single family, multifamily, and commercial real estate income properties in Texas. For a list of properties, which are ideal for turnkey cash-flowing investments in Texas, or to find out more about how PAMS can enhance the performance and profitability of your real estate assets, or help with evaluating potential acquisitions, go online to: www.PamTexas.com or call 682.558.8900.