My name is Michel E. Lautensack and I was a part time real estate investor up until 2005. At that time, I became a full time real estate investor as well as started a full service property management company.
I began my business career very similar to many people working my way up through the corporate world and quickly realized that this was not the path to real wealth.
I started investing part time in real estate during 1999 as a way to generate additional sources of passive income. I s
It is a widely held belief that if someone wants to
invest in real estate market, he must be loaded with cash. The idea is
not entirely true. If you don't have enough money you can still invest
in real estate. The notion seems unbelievable at first glance but it's
true. Real estate investing with no money to put down is a viable
option.
In order to invest in real state without down money, you must be
creative in your approach and devise various methods for utilizing
other people's money to f... Read Full Story
Importance of Headlines
Particularly with newspapers you don’t have a lot of space and it’s
expensive, so you’re going to have maybe a headline, one or two bullet
points, and then a phone number or website. You don’t have a lot of
space so you’ve got to make sure that you do it the right way. Your
headline has to be appealing.
Let’s use Louisville as an example. You don’t need to put Louisville in
your headline. Everybody knows it’s a Louisville newspaper. You’ve
wasted your space. We see ... Read Full Story
Collecting rent is one of those situations where I have
to use some rules of thumb, some feeling, some gut to try to figure out
whether it's time to go and do the eviction or do we try to work with
the tenant and see if they can get caught up. Maybe it's a temporary
problem. We can do a weekly or monthly payment plan and maybe we can
get them back on paying again.
In the same token, if I don't feel it's going to happen, we have to go
to eviction quickly. There's no point in waiting and spend... Read Full Story
One of the things we’re going to focus on is what is professional
management versus mom and pop management. Now many of you may have a
couple properties. Maybe you’ve read a book on property management, I
don’t know, but if you ultimately want to make a business and to grow
wealth and to be a serious real estate investor, you need to become a
professional property manager.
That is you’re better at it than most people. You’re better at it than
nine out of 10 investors. You take it seriously b... Read Full Story
The first step in the instant offer system is simply to
build rapport. This is a fundamental building block to any offer. You
cannot develop a deal with a seller if you're not in rapport.
What is a Rapport?
What is rapport? It's hard to define. It's not necessarily being
friends. It's not necessarily having a long relationship. It's not
that. It's a sense that the two of you are on the same page. There's
some comfort between the two of you.
There is starting to be a sense of trust that you... Read Full Story
