Why A Real Estate Investor Needs To Develop a Dream Team For Their Real Estate Investing Business

Marketing Tip – Developing Your Dream Team ( I have discussed this before but it certainly bears repeating, especially in today’s market)

Putting your “dream team” in place while establishing your real estate business is one of the key steps to developing a successful real estate investing business quickly and efficiently. Your dream team is going to consist of those people or vendors who can help you find deals, provide funding, get your deals closed and then sold or leased quickly. Having your dream team in place and being able to close deals quickly will give you a distinct advantage over your competition by allowing you to complete deals they simply won’t be able to finish in a timely manner.

The first element you need to think about is your marketing team. Your marketing dream team will include the people who can help you locate good deals, such as “bird dogs”, Realtors, mortgage brokers, promotional companies who will supply your business cards, signage, t-shirts and whatever advertising materials you need, and people who will implement your direct mail campaigns for you. You also need to add to the mix the account representatives who will handle your classified and display ads in your local newspaper and shopper guides.

The more you can automate this part of your business, the more deals you’ll be able to do more quickly.

Next, your dream team needs to include a title agent and/or a real estate attorney. These people are going to insure your deals close smoothly and with a clear title. A real estate attorney can help you to solve a lot of problems that can arise during a closing, such as a title glitch, a survey problem, or estate and probate issues, just to name a few.

As you develop a relationship with your title agent and/or real estate attorney, they will become a major asset to your business by being better able to work one-on-one with your sellers and you to make sure all your deals close as smoothly as possible. You also need to make sure that your title agent and/or real estate attorney are bi-lingual so they will be able to work with your Spanish speaking sellers as well. This part of your team is one of the most important. If any part of a deal is going to fall apart it is going to be during the process of closing. Make sure you choose the best in the industry to close your deals from the very beginning, even if it costs a little more!

Then have in place those vendors who can get repairs to a property done quickly and efficiently. Once you develop your dream team, don’t keep changing vendors. This will cost you a lot more money in the long run.

Developing a great team of people in your business will help you get more deals done and create bigger profits. For more information on getting deals done and finding the sellers none of your competitors know anything about check out my website at www.marketingmagiclady.com

Managing Your Real Estate Investing Rental Properties

So it’s Friday July 29th and all the rents are in. That’s what happens when you train your tenants correctly from the beginning. Rents are due on the last working day of the month…no exceptions. We have never had rents due on the first of the month and there are many reasons for that.

We also have a really tight lease which lays out all of the things the tenant is required to do to maintain the property including mowing and trimming bushes and putting out trash regularly.

On the other hand we also take good care of our real estate investment properties since we look at these as our retirement income. Because of the way we handle our rentals by putting the right tenant in the property in the first place, many of our tenants stay with us for years and years. This is a good way to create long term income from your rental properties.

If you are a real estate investor and you are looking to find more properties to rent, flip or wholesale be sure and check out my website at www.marketingmagiclady.com While you are there be sure and sign up for me free monthly newsletter!!

Check Out Kathy Kennebrook’s Book- Real Estate Principles Your Personal Path to Prosperity!!

Hi Everyone I just wanted to remind you to grab a copy of my book from Amazon- Real Estate Principles Your Personal Path to Prosperity where I discuss many aspects to building a successful real estate business including marketing, team building, time management, finding the deals, finding the buyers, wholesaling and lots more!! Check it out!!!

Update on Kathy Kennebrooks Real Estate Investing Business, Finding Motivated Sellers and Doing House and Land Deals

Our real estate biz is crazy busy. We are working on two closings on pieces of vacant land in North Florida. Both of these are mail aways for us and they both close on Friday, I am excited!!!!

I am also working on leads on houses, we looked at two so far this week and made an offer on one so far. The leads are coming in from motivated sellers both in our land business and our house business. These are going to be some very profitable deals for us.

The deals are out there if you know how to find them. If you are not finding deals you are doing it wrong!!

Check out my website at www.marketingmagiclady.com for all the info you need on finding all the house, multi family, urban commercial and land deals for your real estate investing business!! While you are there be sure and sign up for my FREE monthly newsletter!!!

Kathy Kennebrook Special Offer On Marketing Magic III

ONLY TWO MORE DAYS LEFT!!!! I have another awesome special going on this week for my Marketing Magic Students. When you invest in Marketing Magic III which includes the Senior Home Owner mailing, the For Sale By Owner Mailing AND the Inherited Mailing I will give you $100 off the regular investment of $349.00 when you use coupon code MM3. Check it out, this special offer expires on July 15th!! Forms and letters can be sent to you via word documents if you need them that way!!