This is a FastDraft form library for property managers. It automates the generation of the following documents:
Monday morning is when I look at the logs of the site. I don't obsess over them like some do. I don't try to dig down to the nth degree on the visitors. I prefer the high level view.
In looking at them this morning and then plotting the trend over the last few months an interesting bit jumped out at me.
Now, more than 60% of the visitors to this site are from Mac users. A year ago, less than 20% were Mac users.
It will be interesting to see how this changes over time.
There are a lot of challenges in the real estate market today for investors. The crunch between financing and unreasonable prices wanted by sellers and their agents means an investor has to work harder and accept fewer ideal deals.
However, there is also a great opportunity brewing out there at the same time!
Long time readers of this blog will notice something different. That is because I pulled the blog back into the REITactics site. A number of years ago, the blog was pulled out and given its own space. It went through several titles and themes and I always struggled balancing what went on the blog and what went elsewhere. It was more than just who could read the whole article or even see it for that matter. It was a struggle between building a wall between the blog and other sites and freely linking between them.
Leigh Christiensen is an experienced investor. Her apartment homes are spread across several states in the western United States. Many of her tenants do not speak English as their first language. This isn't much of a problem because Leigh tries to accommodate her tenants but conducts all of her business in English. All leases, notices, agreements, applications, everything is all in English only.
Until May 2009.
The world of short sales is getting very strange. Banks who lent money with second and sometimes third position mortgages are getting tired of taking the biggest percentage hit when the homeowner goes into default and a short sale happens.
Yes, getting "something", no matter how small, for you second or lower position note is better than getting nothing when the first lien holder forecloses. But, the losses are still there and more and more pressure is being applied to recoup some of those losses.
But, how?
Where do you keep your question list?
What's that? Do I hear you asking, "What is this 'question list' of which you write?"
Well, I guess I should explain...
The Apprenticeship Program is a process. As a result, you will see many topics and discussions that include the word "your" as in "Your Reading Log" and "Your Business Plan". This is not by accident. It is intentional.
You must internalize all aspects of building your business.
You aren't just an employee. You can't just do your job and let someone else worry about things you don't get to. Even if you delegate, it is up to you to make sure it gets done. It is your business and it is your, well, everything.
If you want to see someone cringe just mention they need a business plan to do x, y or z.
Can you blame them?
Over 90% of all business plans created get tossed into a drawer.
More and more lenders are clamping down on the short sale process. They are taking more and more steps to try and prevent an investor from buying on a short sale and then immediately turning around and selling at a higher price. It can be maddeningly frustrating if you are continually trying to fight that uphill battle.
There is an easier way. There is a more profitable way. But, you have to strike at the right time in the process.