Benefits of Owner Carry Installment Sales on Apartment Buildings
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Read MoreNauseous at the thought of forking out another $4,500 on vacant properties next month, I decided to pull out an old, but underutilized technique… the paper flier. I made hundreds of fliers on my computer in various colors. I included a map with directions on the flier (thanks to www.mapquest.com). I had them distributed on car windshields in every shopping mall, supermarket and church parking lot within a mile radius of the rentals.
Did I get some nasty calls from people who didn’t appreciate the flier on their windshield? Sure, but who gives a hoot? Fliers sell houses!
Here’s another bonus about fliers: you can legally discriminate using them. We all know that you cannot advertise for families, because it is discriminatory against single people. We also know that a family with kids is less likely to break a lease early than a single person (I don’t need statistics to tell me this, for I know that the thought of packing up my kids’ crap is enough to make me want to NEVER move!).
HERE’S THE POINT: If you place your fliers in places that families visit, your chances of finding a family to rent are increased. Rather than a blind ad in the newspaper, put fliers on windshields of cars parked at Bennigan’s & Chili’s Restaurants (who else would eat at such horrid places?). Place flyers in church parking lots, schools and Toys ’R Us. The law says you can’t STATE who you want as a tenant in your flier, but it doesn’t prohibit where you distribute the fliers!
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Read MoreFinding a contractor that is honest and reliable is a tough, but crucial part of your real estate business. Here are some tips for finding that “Golden Nugget” of a contractor. Referrals This is the most obvious and easiest way to find contractors. Try to secure referrals from investors and friends; somebody you know and trust who
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