August

August 25, 2017

Get educated and Get more ROI on your rental investments

Here’s an opportunity for you to take courses typically reserved for only licensed REALTORS. I’ve gotten permission from the Continuing Education school where I teach to offer this to you, my platform members…it will be the best $69 you’ve ever spent on learning advanced concepts related to your rental properties. Registration is now open for Merrillville and Indianapolis classes in November. Property Management Workshop – Indianapolis, IN Property Management Workshop–Merrillville, IN
August 25, 2017

5-Minute Friday

Good morning, Everyone! Here is your weekly 5 Minute Friday, highlighting a couple of the questions or issues posed to me this week. From Terri:   Does offering a house fully furnished change how much I can charge for rent? My Response: Terri–Thanks for the question.  The short answer is Yes, it can and will change how much you can charge for rent…..or rather, a better answer is it can and will change how much you will earn in rental revenue.  Here’s some things to consider when choosing to offer a property fully furnished or completely unfurnished: What is the actual market for furnished rentals in your area?  In most market segments across the country, especially in SFR’s (single family residences), furnished rental demand is a small sliver of the total demand.  As in less than 10%.  So, if you have a 4 bedroom home, if you offer it only fully […]
August 18, 2017

5 Minute Friday

Good morning, Everyone! Here is your weekly 5 Minute Friday, highlighting a couple of the questions or issues posed to me this week. From Peggib:   If a tenant moves out without telling you, cleans out cabinets, closets etc.  and leaves the key but also leaves some crappy furniture behind, are you required to store said items or can you just haul them away?  In this case, the tenant was a tenant at sufferance, but does that make any difference in your responsibility? My Response: Peggi–Thanks for the question.  You just brought up a situation which almost every landlord and property manager has found themselves embroiled in at one time or another.  This falls into the category of possible abandoned personal property.  However, it’s not always so straight forward.  Keeping in mind this is certainly not legal advice and may conflict with the State or local ordinance where your property is location, […]
August 10, 2017

5 Minute Fridays

(No, the title picture isn’t tilted by accident, it is intentional.  Interrupting Broca’s Region of the brain with unusual visual stimuli wakes up our brain matter.) Starting next week, I’ll be posting some fun new items for your consumption.  I’ve been asked to do this for some time now, and fortunately the schedule has cleared up enough to do it thanks to streamlined processes added this Summer. Here’s what is coming for you: 5 Minute Fridays (yes, 5 balls in the air…..) This is where I’ll be answering your quick questions in a rapid fire format.  What questions are fair game?  Questions which can be answered in  5 minutes or less, hence the name.  So, pleasse, no long drawn out deep rabbit hole questions.  (For those scenarios, you’ll be best served with this link http://danbaldini.com/resources/private-client-consulting/)   I guarantee that if you’re thinking of a question about your rentals or your property […]
August 3, 2017

Waikiki Waves + iphone6 = new iphone7 + Process Interruption….what a beautiful mathematical equation, eh?

Ahhhh….Paradise.  Waves, surfing, sunshine, sushi, and luau’s. This is the story of how I recently re-learned the principle of Process Interruption. I took the family on vacation to Hawaii this Summer; truly is Paradise on Earth.  One sunny afternoon, as the wifey and I are lounging on the beach, sipping Mai Tai’s, and watching the kids play with their boogie boards in the waves, she looks up from her book and says to me,”Why don’t you go in the water for a bit and join them?”  So I get up and go down to the waves and do what middle age men do best–I proceed to play like a big child in the waves with them (I gave up caring long ago what most of society thinks of my behaviors; the freedom is liberating…you should try it sometime.). And just like happens with little kids, after 15 minutes of frolicking […]