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Get Rich Education

185: Marketing Your Real Estate, What Makes A Good Turnkey RE Provider

Get Rich Education

Keith Weinhold

Business, Investing, Careers

4.8612 Ratings

🗓️ 27 June 2018

⏱️ 43 minutes

🧾️ Download transcript

Summary

#185: You learn how to market your property well. You will have more interested renters and buyers, better quality clientele, and more and better offers. Curb appeal, photography discussed.

We discuss what makes a good turnkey RE investing provider, including how some property managers want your tenant to turn over so that they receive more leasing fees!

Today's guest owns a company that builds and provides new construction turnkey RE, which is why they have available inventory today. (Yes, really: today.) I recently visited their offices.

Many managers don't want to sign tenants to two and three-year leases because: 1) It's easier to find tenants that sign one-year leases. 2) Managers get fewer leasing fees. Learn why today's provider doesn't do that.

We discuss cash flow, rates of return and appreciation rates in Jacksonville, Florida.

Want more wealth?

1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book

2) Actionable turnkey real estate investing opportunity: GREturnkey.com

3) Read my new, best-selling paperback: getbook.at/7moneymyths

Listen to this week's show and learn:

00:47 A well-marketed property means you have more interested renters and buyers.

03:16 Real estate photography.

08:53 Florida turnkey real estate.

12:30 The strength of the team.

16:23 New construction turnkey.

20:48 Tenant leases of 2 to 3 years duration.

26:46 Why property managers have an incentive to turn over tenancies. 

29:38 Sales price $160K-$200K. Average: $1,350 rent, $180,000 purchase price (0.75% RV ratio).

32:26 Appreciation rates.

35:25 Future of rents and prices.

Resources Mentioned:

New Construction Turnkeys: GetRichEducation.com/Jax

Mortgage Loans: RidgeLendingGroup.com

Cash Flow Banking: ProducersWealth.com

Apartment Investor Mastery: BradSumrok.com

Find Properties: GREturnkey.com

GRE Book: 7 Money Myths

Education: GetRichEducation.com

Transcript

Click on a timestamp to play from that location

0:00.0

Get Rich Education is brought to you by Ridge Lending Group, apartment investor mastery, and producers' wealth. You're listening to the show that has created more passive income for people than nearly any show in the world. This is the powerful Get Rich Education. Hey, you're inside. Hey, you're inside Get Rich Education.

0:35.6

I'm your host, Keith Weinhold. What exactly makes a good turnkey real estate

0:40.1

provider for you? That's the theme of our show today. We'll bring in a guest to discuss that

0:44.8

shortly. But first, I want to talk to you about marketing of your property for prospective tenants

0:51.4

and attracting prospective buyers because it is springtime and more properties

0:56.4

are on the market, not just for rent, but for sale. And now look, I know that most real estate markets

1:03.6

are really bustling in the United States and Canada and elsewhere right now such that in some

1:09.6

places you could do nothing more or have

1:13.4

your manager do nothing more than stick a for rent sign or a for sale sign in the yard

1:20.6

and you're probably still going to get some bites. But don't just stick a sign in the yard.

1:26.6

Think about how that limits your pool of

1:30.7

interested renters or buyers. And I know it sounds a little weird since seemingly everyone

1:37.2

has been using the internet for about 20 years, but you'll still generally get a somewhat

1:42.8

more sophisticated person that looks at online listings

1:46.5

than that those who merely respond to a sign. One of the most important things that you can do

1:52.3

before marketing your available property is to improve the appearance of the front of the property

1:59.4

because that is curb appeal right here.

2:03.8

It is said that people make up their minds about you as a person in seven seconds.

2:11.2

Okay?

2:11.5

And first impressions matter with real estate too.

2:15.3

Window shutters, a mowed lawn, a trimmed hedge, really simple

2:21.3

landscaping improvements like some well-placed colorful plants or flowers or hanging flower baskets

...

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