"For Rent" Channels for Landlord's Tenant Funnel

Landlords "For Rent" or "For Sale" Posting Options

One of my mentoring students the other day asked me: "Where can I post 'For Rent' or 'For Sale' on the internet?" He was familiar with the conventional ways but wanted to know what I would recommend concerning the internet.

We have been preaching to our students to create as many channels as possible to produce the desired outcome. In this case, what channel(s) could Landlords use to produce the most qualified tenants for their investment properties.

We gave it some thought and came up with three channels:

• The Retail Classified Market.
• Low Income and Distressed Families.
• Video

We came up with three lists for each channel:

Retail Cla$$ified Market
eBay Classifieds	New York Times Classifieds
Backpage.com	Real Estate Advisor
Facebook	oodle.com
Zillow	Vast
Trulia	Google Real Estate Tools
Yahoo! Real Estate	craigslist
Condo.com	Streetseed Ltd.
HotPads	Enormo
ByOwnerMLS	Local.com
4RealEstateClassifieds.com	Trovit
ByOwner	Rent.com
OLX	GeeBo
American Listed	The Housing Block
Mitula	Locanto
HouseHitz	Gumtree
USFreeads	Adpost
Classifieds For Free	WebClassifieds.US
TheFreeAdForum.com	Yakaz
PennySaver	recycler.com
Claz.org	Sell.com, Inc
Postlets	ListedBy, Inc.
Low Income or Distre$$ed Families
GoSection8	Social Serve
Florida Housing Search.org
Video
YouTube	Traffic Geyser
TubeMogul	Dailymotion
Veoh	Metacafe

As a Landlord, you want to rent your property as quick as possible. These tools will establish a very large internet footprint for selling or renting the Landlord's assets. It is a lot of work but can be very powerful for establishing cash flows.

Have you had any success with an internet service concerning an investment property? If so, we would love to hear about it by posting your success story in the comments section below this post.

Related Links, Blogs, Presentations or Articles:

• List Your Section Eight Properties HERE.
• Hands-On Real Estate Investing Course
• Hash Tags: #SEC8 #landlord #REIP
• Real Estate Investing Tip: Make sure when you are about to sign any real estate contract for a property: Florida FAR BAR, short sale option contract, purchase contract etc...that all parties are there for signature. If the significant other is not present you may have problems later on. By Florida law if the couple is divorced, unless the property has been settled previously (request documentation as proof), both husband and wife are entitled to the property therefore you need both signatures. Your first Question for any deal is "Are You or Have Been married?"

Written by +Bob Burns.

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Serious...You Better Go! +Real Estate Investor about.me/RobertKBurns Telephone #: 305-586-5280 email: sec8@planocho.com

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Tools of the Real Estate Investment Trade.

Tenant Electrical Tampering

When I started out as a Landlord, I was very naive about how tenants could damage your investment property and get away with it.

One of the hidden problems is your electrical outlets. They can be tampered with or damaged very easily without the Landlord's knowledge.

I had a tenant set up a tent on the back patio of one of my investment properties to repair engines. I noticed he jury rigged lighting from one of the outlets in the back bedroom. I wasn't happy about it but didn't say anything.

After the family moved out I went over the property to detect the repairs needed for the next occupants. I noticed that outlet used for outside electricity wasn't working properly but I didn't know why. I remember my Dad, who an electrician, using a tool to check the current status of each outlet.

Outlet Tester

This instrument not only checks but reports back through a series light combinations the existing status.

Advantages

This little tool provides the owner or Landlord the following advantages:

• Check current state of electrical outlets before tenant moves out. Use security deposit to implement repairs.
• Before purchasing an investment property, check existing status of the electrical network inside the potential investment property. Have Seller do repairs instead of the Buyer.
• The tool is easy to use.
• Very inexpensive.
• No need for an Electrician. DIY (Do-It-Yourself).

Outlet Status

Below is a table that displays the Outlet Status when the three prong is plugged into a standard 110 volt outlet:

OUTLET TESTER STATUS CHART
STATUS	INDICATOR
OPEN GROUND	OFF ON OFF
OPEN NEUTRAL	OFF OFF ON
OPEN HOT	OFF OFF OFF
HOT/GROUND REVERSED	ON OFF ON
HOT/NEUTRAL REVERSED	ON ON OFF
CORRECT	OFF ON ON
What is the Outlet Status?

This little tool can save time and money and that my friends is the bottom line to managing your investment portfolio.

Related Links, Blog Postings, Presentations or Articles:

• Section 8 Power Point Slide Show
• Additional Real Estate Tool for the VERY active Landlord

Written by Bob Burns.

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Coming in Hot... Real Estate Investor about.me/RobertKBurns Telephone #: 305-586-5280 email: sec8@planocho.com

Our Internet Footprint:

FREE COMP Tool for Real Estate Investors.

Comparable or COMP

Real Estate Investors need property comparables or COMPS to determine the after repair value ARV of an investment property. The ARV number will be used to calculate Maximum Allowable Offer MAO.

Real Estate Agents have a nice tool for getting COMPS or Comparables for properties because they have access to the Multiple Listing Service MLS. Investors need to find comparables using other resources.

FREE COMP Tools

Luckily, the internet has provided FREE COMP Tools for Real Estate Investors. Below are several services that can help investors determine property comparables:

• Bank of America Property COMP Trend Report.
• Trulia Real Estate Comparables for Local Markets.
• Zillow Real Estate Comparables by Zip Code.

FREE COMP Tool from Miami-Dade County, Florida

I found a "FREE" comparable or COMP tool provided by Miami-Dade County, Florida. It provides all the closed sales recorded by the county within a specified area, time period and radius. It isn't very dynamic but it gives you an idea of what is happening in a particular neighborhood you are thinking of investing in.

The video below specifies how to use the particular tools discussed in this posting. See below:

If you want to access the Miami-Dade's Real Estate Comparables go to: Miami Dade County Closed Sales Database.

Remember! Look for the link "My Neighborhood".

Related Links, Blog Postings, Presentations or Articles:

• Section 8 Miami Blog

Written by Bob Burns.

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COMPS Baby, COMPS! Real Estate Investor about.me/RobertKBurns Telephone #: 305-586-5280 email: sec8@planocho.com

Our Internet Footprint:

Real Estate Investors need to use an Action Plan.

There is a saying among Real Estate Investor's - "You Make Your Money when You Purchase the Property not When you Sell It."

There are so many things that can go wrong so it is important to make sure you buy the property right.

Smart Real Estate Investors need to develop an Action Plan before they are going to purchase an investment property. This plan should include the following:

• Identify a possible property for investment.
  • Make sure your SELLER is MOTIVATED to do the deal.
• Perform a market analysis.
  • What are going to be your carrying costs for the next 90 Days. Principal, Interest, Insurance, Taxes, Utilities, HOA fees....
  • After Repair Value ARV - What is the property worth after repairs. Look at the COMPS! Yes, the comparables.
  • Calculate your repair costs.
  • Calculate your Fair Market Rent FMR. See if the property is going to cash flow.
    • See previous posting and video about calculating Fair Market Rent FMR
• Secure Your funding for:
  • Purchasing the Asset.
  • Carrying Costs.
  • Repairs.
• Note: Don't forget to pay yourself for all this work you are doing!
• Make an OFFER based on the Maximum Allowable Offer MAO Rule, using ARV, Carrying and Repair Costs.
  • See previous MAO post at Using the MAO rule for determining your Investment Property Offer Price.
• What are you going to do with the asset? Develop an EXIT Strategy:
  • Flip the property for a profit or
  • Hold the property for Cash Flow.

This is the basic action plan which needs to be very fluid. Things change and you need to adapt.

Turnkey Property!

One of the more successful Action Plans we have used is to bundle a Section 8 or Plan Ocho tenant within the property FOR SALE. The tenant is part of the BUYER's Turnkey Package.

TURNKEY means the BUYER simply needs to turn the key to the front door and start making MONEY.

All the hard work has been done for the BUYER:

• Buying a Property that will Cash Flow.
• Rehabbing the property and brought up to Code.
• All utilities are functioning.
• Finding a reliable tenant.
  • We use Section 8 as a great resource for tenants because it is a very popular program for housing.
  • Section 8 Web Sites for listing Your Investment Property.
• Asset Protection strategy is already in place.
• Selling the Investment Property with minimal Closing Costs.
• Optional: Have it already furnished.

Investors should provide a turnkey solution for all their properties they plan to sell in the near future.

BUYERS like the idea of purchasing a property that comes bundled with a tenant.

Action Plans allow for Immediate Cash Flow and no Headaches!

Written by Bob Burns.

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Money in The Bank Baby! Real Estate Investor about.me/RobertKBurns Telephone #: 305-586-5280 email: sec8@planocho.com

Our Internet Footprint:

Real Estate Investment Commentary REIC's Top SIX Blog Posts

I think people love lists which are composed of the best people, items, products, services, books...etc. Top Ten Real Estate Tips, Top 10, Top 100, what ever! I know I do.

I decided to create my own REIC's Top SIX Blog Posts list. I may be too early for this since I am really a newbie blogger and only have a limited number posts under my belt. Bare with me HERE! There is a method to my madness.

I wanted to make this a MENU item. Anyone who wants to check out the top posts can just click on "Top Blog Posts".

The REIC blog's menu appears just below our blog's title. The MENU itself is a work in progress. I want to get these menu items up and running as soon as they are created.

I promise I will update this list as post positions change. Hopefully that will be often.

Check it out....

Top SIX REIC Blog Posts, based on page views, descending order (high-low):

1. Hialeah Housing Authority HHA Opens Lottery-Based Section Eight Waiting List!
2. Rental Income and Expenses - Real Estate Tax Tips
3. Real Estate Investment Strategies for Rehabbing Houses
4. Make sure you have the mail forwarded to your business address after you purchase a new investment property....Why?
5. 7 Reasons to Use a Land Trust
6. Using the MAO rule for determining your Investment Property Offer Price

So far Hialeah is winning...Hooray for Hialeah!!!!!

Written by +Bob Burns.

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"Crush It!" MREIA's President Telephone #: 305-300-6242 email: rkburns@investmentpropertiesmiamiflorida.com MREIA's Web Page: www.miamireia.com

Hypersmash