fundamentals of property management

Fundamentals of Successful Property Management

1. We SIMPLIFY the process and make it Easy

2. Step-by-step Mentoring by qualified Real Estate Advisors

3. Hand-picked investment properties all over the country

4. Access to our Resource Team of Real Estate Agents, Property Managers, Accountants, Insurance Agents, Mortgage Lenders, Attorney’s & more!

How do we offer all these services for FREE?

Meet Scott Pastel VP of Marketing/Co-Owner

10 years of experience in Real Estate

Licensed Real Estate Agent

BS Degree in Business Administration

from Chapman University

Owns 3 rental properties from AZ to AL

Purchased first investment property at

age 24

Personally mentored over 500 real estate

investors

MY PROPERTIES

The Basic Principle of Investing…..

Achieving the highest return possible with

the least amount of………

1) Risk

2) Time

Phone: (949)885-5162 Email: [email protected] Website: www.marshallreddick.com

My Favorite PM Quotes:

• “Property Management is an Art, not a Science” – Dr.

Marshall Reddick

• “You date your real estate agent, but you marry your

property managers” – Jim Moody, MR Ohio Rep

• “Property management is the make or break factor in real

estate investing” - me

• “Think of your property manager as a baby sitter” - me

• “Not all property managers are created equal” - me

• “Who you work with is more important than WHERE and

WHAT you buy” - me

HOW TO CREATE “Worry-Free” Investing:

No condos or townhomes

Must Cash Flow!

Buy Rent-Ready or Tenant Occupied

Target suburbs of Large Metropolitan markets

3-4 bedroom units

Hire a Home Inspector

Hire a Professional Property Manager


Top Investment Markets in the Country:

We choose real estate markets

based on the latest research and data!

Summary of Property Manager

Responsibilities:

• Estimates fix-up costs

• Gets your property fixed up quickly

• Advertises and shows the property

• Finds and screens applicants

• Gets the tenant to sign a lease

• Collects the rent

• Provides a monthly and year-end statement

• Conducts periodic inspections


How Much Will It Cost?

• Leasing Fee

• Management Fee is usually 8%-10% but varies depending on the geographic location

• We have REDUCED fees (6%-8%) for anyone who invests through the Marshall Reddick!

IF YOU BUY IN THE RIGHT AREAS IT WILL STILL CASH FLOW!


Rule #1:

Read and Understand

the PMA


6 Ways to Lower Vacancy

to Under 45 Days:

1) Keep a digital organizer to manage crucial dates

2) Have a separate checking account w/ direct deposit

3) Call your PM 60 days before lease expires

4) Check online to make sure your property is properly

advertised

5) When vacant, call once a week

• “The squeaky wheel gets the grease!”

6) Don’t settle for questionable tenants

• Better to lower rent


Attracting a Good Tenant:

• 3-4 bed SFH’s

• Good School Districts

• Curb Appeal

• Proper Screening


It’s Been 90 days, why is my property still vacant?

• Communication Breakdown

• Poor Advertising

• Priced too high

• Curb appeal / Condition of property

• Who is your Property Manager?


Mistakes people make when hiring a

property manager:

Not asking the right questions up front

Not reading and/or understanding the PMA

Making a selection based entirely on fees

You get what you pay for

Not building good rapport

They are your employees

• Not listening to our advice


How Marshall Reddick Selects our

Approved Property Managers:

• Number of units and longevity

• Importance of strong website / Technology

• Landlord references / Track record

• NARPM.org

• Responsiveness


1. Income or long-term wealth?

2. When are you looking to retire?

3. How much experience do you have?

4. What is your risk tolerance?

5. Can you qualify for financing?

6. What can you afford?

Setting your Real Estate Investing Criteria


Determining Property Class:


Maintenance and Vacancy:


Vacancy Example:

A Class 365 days a year x 8% = 29.2 days a year


Have you spoken to an Advisor yet?

We offer complimentary

consultations from our expert

Real Estate Advisors

Whether you are experienced

or just getting started, we will

customize a plan that fits you

best

We walk you through the

entire process start to finish at

no cost!


Christin Tabar Real Estate Advisor

Phone: (949) 885-5162 Email: [email protected]

Christin is standing by to take your call or email now!

Want free guidance?