Don’t get freaked out about the term “rental property management”, it sounds threatening but all it really means is:A game plan to keep your rentals headache free, cash flow animal .Does that sound a little better than rental property management?You better believe it does and guess what. Managing rental apartments is simply a matter of having the proper mind set and doing some planning in advance.I don’t care if your talking about one two family property, a six unit property or twenty rental properties, having a game plan for managing your rental units is key!Before I go any further, you should know that I always manage my own rental units. The most I ever had was I believe 42 units comprised of 2-6 unit buildings. I would never have an outside property management company manage my properties. It costs too much, they do a lousy job in my experience and its easy to get ripped off. I knew a roofer who had a gig set up, where he would give a kick back to the guy in charge of getting bids for a property management company!Learning whats involved ahead of time for managing rental houses will save you a lot of time and aggravation.Your rental property management plan has to cover:
Who is going to do the basic maintenance repairs,i.e. clogged sink or toilet, broken facet, doorknob ,window, electrical plug not working, etc. Are you going to do any basic maintenance? If not, you’ll want to find handymen that won’t break the bank. How do you find these guys?
Will you be able to financially handle more severe problem, such as roof leaking, need to replace a hot water tank, need new furnace, vacancies…
How to screen tenants. After all, they are the source of your profit center.
How to manage your tenants so that their personal/financial problems are not your concern.
When someone moves out or you evict someone, who is going to prep the apartment for the next tenant.
Speaking of evictions, do you know how to do one? How much does it cost? How long does it take?
How to adapt the proper mindset for successfully owning rental property.
You have to have a property management plan that works for you. This is key. You see, some people are white collar, some are blue collar, some are hands on, some can’t and don’t want to know how to turn a screw driver, every bodies situation is different. Understanding this and having a system to manage your property will keep your rental property a cash flow animal.Let me rephrase that. Having a property management plan that works for you will keep investing in rental property headache free and running like a well oiled machine.Having your rental units be a cash flow machine is a primarily a function of buying the rental property at the right price. However, even having bought a multifamily house at the right price, you can end your rental property being a cash flow animal without a good property management plan.Remember, a good rental property plan will
Help you find good paying tenants who won’t do much more harm to your apartment than normal wear and tear.
Allow you to charge top rent because your apartment warrants it.
Make sure things get fixed quickly and cost effectively when needed.
Keep your tenants happy, so you don’t have frequent vacancies due to poor property management.
Make owning rental property stress free.
Understanding what a rental management plan should entail and implementing it will make your rental property business enjoyable and successful.
Category Archives: Uncategorized
Lower Blood Pressure For The Lifestyle – Challenged
Do you want a lifestyle prescription or do you want lower blood pressure?
“Lose weight! Exercise! Stop eating junk from fast food joints!” Don’t you get tired of hearing it sometimes?
Sure, we all know the importance of a healthy lifestyle, especially for keeping our blood pressure under control. But a lot of “experts” don’t seem to live in the real world. Shifting a hundred pounds doesn’t happen overnight. And what about the sales rep or the truck driver stuck behind the wheel 10 hours a day? What if you’re a desk jockey putting in overtime to put bread on the table? (and wouldn’t you know it? – healthy fare is often more expensive than junk food!) Or what if you simply enjoy one or two guilty pleasures?
In the past, if you were “lifestyle-challenged” you didn’t have any encouraging prospects for dealing with hypertension. You could go the medical route and test-drive a dizzying array of powerful prescription medicines. Success (for your doctor, anyway) would come with just the right drug and dosage to keep you perched between hypertension and intolerable side effects. These could be anything from mildly annoying to life-altering (particularly for the gents!).
Or you could go the alternative route: every few months you take up the latest natural miracle everyone is raving about. You get your hopes up only to discover sooner or later that it does nothing at all for you. But hey, there’s always another one coming along just in time. And so it goes… I was once a serial herb and supplement user myself. At least natural remedies are (usually) safe and free of side effects. On the other hand, they can be even more expensive than prescription drugs!
So what are you to do? Try not to fret about it too much, for one thing, or it might raise your blood pressure even further! But on the positive side, finally, there’s a natural method that’s proven to work consistently regardless of your level of hypertension, your medications or your lifestyle.
This method is truly different because you don’t consume anything. Nor is it time consuming, tedious or strenuous and, best of all, you can even do it for free. It’s called slow breathing and it only takes 15 minutes a day.
Now, for those inevitable few who may be thinking: “Oh no! Not another flaky alternative therapy” let me assure you that slow breathing is the first natural method clinically proven to lower high blood pressure. Its success has been verified repeatedly in randomized, double-blind trials – the same kind of testing as used for drugs.
Slow breathing is simple, like most things in life that really work. The technique involves just two things:
1) breathing slowly and deeply at a rate below 10 breaths per minute (around 6 per minute is ideal), and
2) extending your exhale phase to about twice the length of your inhale. Then there’s one other vital ingredient: relaxation. The more relaxed you are, the greater the benefits.
Breathing in this way while in a state of deep relaxation for 15 minutes a day is proven to reduce high blood pressure. One session alone has been shown to drop blood pressure 20 to 30 points, although the effects after just once would be temporary. However, if you continue to practice it the effects are cumulative and become long-lasting after several weeks of slow breathing. Lasting reductions of up to 50 over 20 have been documented.
Of course, counting your breathing for 15 minutes is about as relaxing as watching paint dry. Fortunately, that’s not the way you have to do it. A new method called Breatheasy combines a synthesized guided breathing soundtrack with beautiful, relaxing music.
The music together with the breathing track is incredibly relaxing. There’s no “stalker in the bushes” effect to the breathing because the sound is natural but not human; it was developed from the sound of an ocean wave. The breathing track provides an easy way to follow and learn the right breathing pattern while relaxing to the music. You have to have the breathing because blood pressure reduction from relaxation alone tends to be only temporary.
So finally there’s an easy, quick and reliable way to lower blood pressure, regardless of your circumstances. I can’t imagine anyone without 15 minutes a day, even those too lazy to exercise and develop a healthy lifestyle… people like me!
Of course, this is not intended to advocate a neglect of healthy living and personal responsibility. But you can depend on slow breathing to produce quick results while struggling for a better lifestyle and the long-term health benefits that brings. Heck, slow breathing is great for fit and healthy people too! In addition to lowered blood pressure it also reduces stress and anxiety, improves your sleep and offers a host of related benefits.
And, crucially, it puts control of a vital aspect of your health into your own hands – and this is something at the very heart of a healthy lifestyle approach.
Finally, we should also recognize that high blood pressure has many causes and lifestyle is not always at fault. That’s something you won’t often hear elsewhere. When I was battling hypertension I finally discovered that my lifestyle had nothing to do with it. And slow breathing was the only thing that worked for me in the end.
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