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  1. Tick

    What's your experience with a VA?

    PEOPLE 
    My company uses one to great effect. She's fantastic for getting data entry type things that need a lot of concentration. She doesn't have the day to day distractions of people coming in and out of the office, phone calls, etc. It's been great so far
  2. Tick

    What's your experience with a VA?

    PEOPLE 
    VA what? VA loan? I'd like to help but I'm not sure what you're referring to.
  3. Tick

    Stopping Frivolous Lawsuits BEFORE They Happen?

    My company has been inundated with frivolous lawsuits and governmental complaints. We own a property management company and really try to do good things. We work with the VA homeless veterans program, mental health services, youth homeless shelter, and United way to help people in need find...
  4. Tick

    Legalized Scamming (Rental Property Stories from HELL)

    HOT! 
    Boom. Know where to buy, and more importantly where not to buy
  5. Tick

    Legalized Scamming (Rental Property Stories from HELL)

    HOT! 
    Real estate is just like any other investment. If you learn as much as you can, hire professionals when you need help, avoid fads, and master your trade you'll be fine. Sure you'll hit bumps, but where in life won't you? If you jump in without learning, try and do everything yourself (cause...
  6. Tick

    Top 10 Best Marketing Book Reading List

    MARKETING 
    I need some help as far as marketing books to read. I run a property management business and I have basically two clients when you really break it down, investors and accidental landlords. Investors are the folks that went out and intentionally bought real estate and are generally smarter on...
  7. Tick

    An AMAZING thing happened to my INCOME when I traded-in my rusty Honda for a Viper

    GOLD! MINDSET 
    I remember being a young 1st Lt in my tiny apartment in a dumpy midwestern city. I was mired in misery. I had a job I hated that I couldn't quit, was stuck in a city I loathed, no girlfriend and really no plans for the future. My only respite was walking out to my 100% financed 2000 BMW...
  8. Tick

    I'm a Property Manager - Ask Me Anything

    REAL ESTATE 
    Hey, sorry it took me a while to get back to you. ACH works OK for the higher end and mid-range stuff but occasionally you'll work with lower end properties that have a lot of tenants who can't do that. They aren't bad tenants, they just still prefer to drop off cash. It's for a million...
  9. Tick

    An AMAZING thing happened to my INCOME when I traded-in my rusty Honda for a Viper

    GOLD! MINDSET 
    Awesome thread! I was literally talking about this yesterday. From my facebook yesterday afternoon: "***Attention bro-truckers, crotch rocket boyz, Fast-N-Furious wannabe's, and middle managers posing as rebels on Harley Davidsons***. This is the cold hard truth but you need to know. Brace...
  10. Tick

    I'm a Property Manager - Ask Me Anything

    REAL ESTATE 
    Pro - Those were just example numbers I threw together to illustrate how financing affects the numbers. You may very well not cashflow on a property at a given price, but if the equity building makes up for it and that meets your goals, then great. Every property you look at will have...
  11. Tick

    I'm a Property Manager - Ask Me Anything

    REAL ESTATE 
    I'm trying to figure out how to best answer your question without just looking like I'm dodging it, so here goes. We'll practice some math so I can walk you through how to figure out that answer. It's not as easy as say stocks but allows you much more leverage and ability to improve your own...
  12. Tick

    I'm a Property Manager - Ask Me Anything

    REAL ESTATE 
    Bingo. We actually prefer managing single family homes. I don't like them as an investor but I love them as a PM. They attract better tenants and the margin tends to be better. To be clear, they are not good investments unless you buy them way under market, I just like to manage them because...
  13. Tick

    I'm a Property Manager - Ask Me Anything

    REAL ESTATE 
    Glad you like the thread. Thanks! It can be very lucrative if done correctly. Just like any other business, you have to focus on building a company, not building yourself a job. We do everything we can to focus on that idea as we grow. We hire early, hire well, pay well, and focus on...
  14. Tick

    I'm a Property Manager - Ask Me Anything

    REAL ESTATE 
    PHD, that's pretty well why we started ours. We were doing a better job on our properties than anyone else could do. There was a huge vacuum in the market place for someone competent and honest. Quite a few of the businesses up here in Alaska have settled into the good-enough trap and that's...
  15. Tick

    I'm a Property Manager - Ask Me Anything

    REAL ESTATE 
    I'm not familiar with that yet. We don't do short term rentals. Believe it or not, Anchorage isn't that great of a market for short term rentals. The season is too short and most folks land in Anchorage and then go on to their next destination, ie: Kenai, Denali, etc
  16. Tick

    I'm a Property Manager - Ask Me Anything

    REAL ESTATE 
    Sewer line backup
  17. Tick

    I'm a Property Manager - Ask Me Anything

    REAL ESTATE 
    Yes it is. The green/brown stuff in this picture is exactly what it looks like.
  18. Tick

    I'm a Property Manager - Ask Me Anything

    REAL ESTATE 
    As I've been in this more and more I learn to spot that bad ones early. When they start picking the place apart in the first few minutes you know you've got a picky tenant on your hand. We don't deal with slumlords so most of our properties are in good shape relative to the price. I had a...
  19. Tick

    I'm a Property Manager - Ask Me Anything

    REAL ESTATE 
    Average to build in for vacancies can vary from place to place. For example here in Anchorage, I have 6 vacancies in 140 properties managed, putting us at 4.2% vacancy but there's a major housing shortage here. I know that's kindof a none-answer so let me say this. My nest advice would be to...
  20. Tick

    I'm a Property Manager - Ask Me Anything

    REAL ESTATE 
    My wife and I both own a property management company and are big fans of both the book and the forum. We've been into RE investment for a while now and really enjoy talking about this topic. If you have questions about property management, feel free to ask us and we'll chime in as fast as we...

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