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
With your real estate investment business what is at the top of your "frustration" list?
Could it be trying to determine if a certain property is a good deal
not? Trying to determine if your offer prices is "low" enough for you
to make a profit in this market place.
For most real estate investors, this dilemma causes a lot of confusion
and frustration. This is may be because your definition of a "good
deal" may be skewed.
What makes a property a good deal? The answer is: one that has a rea... Read Full Story
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
