Add To Your Investment In Property Management

Investment property management is fast emerging as one of the vital aspects of a successful realty investment. In spite of the currently dull phase of the housing market, investing in properties is still considered one of the most profitable and stable activities. To keep all realty investments profitable, it is important to ensure efficient assets management.

Managing a property that includes managing of any type of tenants can be a daunting task. While purchasing realty is one thing, effective management is another. This is especially true if the owner or the investor does not possess management skills like the management professionals have. These experts can help to maintain the investments in the apartments or homes efficiently and also to manage good tenant relationships.

While management of properties such as apartments, single family homes and commercial properties does include screening prospective tenants and handpicking the suitable ones, it does not necessarily stop there. The property has to be well maintained and there has to be an impeccable system of accountability related to all financial transactions of its equity growth as well as the cash flow generated by renting it out to tenants.

What Makes Management Professionals Indispensable

Most property owners who stress on saving money usually end up hiring a single professional for investment management. Whether it is a house or a small apartment community, it is not possible for a single individual even a qualified one to attend to all the responsibilities associated with management or apartments and commercial investsments, supervise its maintenance and turn it into a profitable investment. This is why the primary concern of an owner or an investor must be to hire an established company that can offer outstanding services to keep all kinds of properties functioning at the highest possible levels.

A good management company will connect the investor with an experienced manager who will handle all matters related to the property. The professional responsible for investment property management will also act as the intermediary between the investor, tenants and the management company. The manager will also make sure that the investor receives accurate financial statements regarding the income generated from the property regularly.

A person who has invested in an single family home, duplexes or something on a more larger scale would definitely require a professional who is an expert is in his field and is aware of the financial goals of the investor. Since all properties are able to generate profits, a property manager must treat all properties as serious business. Therefore, before actually hiring an agency for investment management, the investor must create a great business plan with the management company. If the company seems to treat each investment as real business, they are likely to handle properties efficiently by enhancing their value and lowering potential risks.

Obviously, there is a lot at stake while choosing a company to manage realty investments and keep it running profitably. Therefore, it is important that the company and their overall business ethics inspire confidence and trust in the investor so that he is completely comfortable in assigning the property to the company handling investment property management.

Making the right decision regarding the company selected for managing properties and evaluating the experience of this company can directly influence the success of a realty investment. As long as owners or investors choose the best management professionals, they can create a profitable realty business.

Our goal is to help maximize your most prized investments. Contact Carla Barnes of EOTM Properties today to receive a free rental analysis of your most prized investment(s).

Direct line – 678-548-9466

Email – carla@eotmrealestategroup.com

Website – www.eotmrealestategroup.com

Real Estate Blog – http://activerain.com/blogs/mortgage_diva

Can’t Sell Your Home? Why Not Rent It!!!??

Carla Barnes of EOTM Properties explains how homeowners can turn their unsold properties into rental income. The nation’s painful housing bust has put sellers in a serious lurch. To get their properties sold, many sellers will have to make sharp reductions to their asking prices — a necessary evil that can rob the investment of its return. But Carla Barnes has a different idea. In her new infomercial, Can’t Sell Your Home, Rent it!

Carla describes how homeowners can ride out the turbulent market by converting their homes into rental properties. Barnes outlined the benefits of renting, explained how homeowners can determine if it’s right for them, and even offered advice on how to avoid lousy tenants.

Watch the infomercial live now >>>

http://www.youtube.com/watch?v=kAdGxgGF_wI

What are the benefits of renting out your home if you can’t sell it?
There are many benefits, including the ability to ride out the market and potentially not lose money on a home. It generally isn’t in a homeowner’s best interest to sell at the bottom of a market—unless they have an unusual financial circumstance, such as immediate retirement or illness. Secondly, renting offers the ability to take a tax deduction if there is any rental loss. Moreover, renters have the ability to move back into the home. In other words, if you’re not sure that you will like Texas and want to move there, you can always move back to your Georgia home if you don’t like it.

When would it make the most sense for a homeowner who is unable to sell his home to rent it out?
If you are in the military, renting is a great option. Military personnel often have to move rapidly for deployment, but they cannot sell the home with 10 months’ inventory on the books for any reasonable price. Secondly, if you need to move quickly to take a job but don’t want to sell your home in a down market, renting is a great alternative. If your home isn’t worth what you owe, you might be able to modify the loan to change the principle balance and rent it out to ride out the market.

Feel free to contact Carla Barnes of EOTM Properties today for a free rental analysis of your most prized investment @ 678-548-9466

and visit and bookmark our website today >> www.eotmrealestategroup.com

Your Key To The City of Atlanta

YOUR KEY TO THE CITY

We Currently Manage Homes In

Atlanta

Buckhead

College Park

East Point

Midtown

Fayetteville

Jackson

Loganville

Lawrenceville

Kingsland

Smyrna

Snelleville

Decatur

Jonesboro

McDonough

Stockbridge

Fairburn

Union City

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ALL CASH DEALS

Ask about New Investment Properties Under $30,000!

Buying Real Estate With All Cash

In an up and down market there are those investors that will dig up opportunities regardless of the state of the economy. These types of individuals are known as the “Warren Buffets” of Real Estate. They understand that in the current climate banks are holding on to their cash with a wait and see attitude. Savvy investors are finding that buying with “All-cash” works as a viable strategy for acquiring residential and commercial bank owned properties. The investors with a wait and see attitude for institutional lending and financing are missing a great opportunity to buy while everything is on sale. Rock bottom prices in the residential and commercial markets in part have been driven down by the scarce availability of credit. Stop waiting and start taking advantage of the Investors Buyers Market in Atlanta. Contact Carla Barnes of EOTM to get started!

Become a Warren Buffet of Atlanta! Your 1st Investment Starts HERE!

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The Warren Buffets of Atlanta

Selecting a Property Manager in Atlanta

Because of the current economic climate, property managers are popping up all over the nation. Some just got their license, some have been listing and selling for a living, and most don’t have a clue what they are getting into. If you are considering hiring a property manager you need to understand the issues. What you don’t know can hurt you! Here are some things to think about before you make the decision, “Who can I trust to manage my rental property?”

First, there are thousands of good realtors in this country that make great listing (buyer’s) agents but are currently starving and looking for ways to supplement their incomes. As properties sit on the market longer and longer customers are asking their listing agents, “Can you rent it?” Realtors who are accustomed to saying “no” to that question are starting to say “yes” and enter a world they are neither trained for nor familiar with. These well-intentioned agents have the license to manage rentals but their skills are not developed in this unique field and it will take them a while to figure things out. Property management is very different than what they are use to and it can cost you plenty of your own hard-earned money to be part of their learning curve.

Next, Property managers must be licensed by the real estate regulatory agency of their state. There are lots of well-intended entrepreneurs running property management businesses out of their homes without a license. This has become a cottage industry, much like the listing and selling business, and it takes almost no capital to get into the management business. They manage properties for others for a fee but are not licensed to do so. This means they are not under the scrutiny and control of the regulatory system created by the states to protect the public from dishonest managers. They typically are not holding other’s money in a trust account registered with the agency and you have no one to report them to when they mismanage the property, the money, or you. If they steal from you there is no place for you to go for help, as there is no regulatory authority with jurisdiction over the unlicensed manager. You are on your own with unlicensed managers so be on your guard.

Lastly, they should manage rentals as a primary business, not as a sideline to another business. Many real estate agents hold themselves out as property managers when their real business is listing and selling. Lots of real estate agents manage a few rentals as a sideline to their brokerage business and these businesses naturally compete for their attention. There are plenty of mom and pop property management businesses in every town and the owner of a rental property needs to consider the shortcomings of these sideline operations. Property management needs the total focus and attention of a manager because it’s demanding and more complicated than it looks. If they are listing and selling homes for a living, and managing a few houses on the side, make sure they have plenty of extra staff doing the managing. The big dollars they get selling houses will distract them from the “nickel dime” business of managing rentals. There is a natural conflict of interest between these businesses and you don’t want them competing for your attention as a landlord. You do not want them having to decide, “do I show a house for sale today, or show a house for rent?” The sale option will always win out because the potential reward is much greater. Find somebody who is focusing on the management business for a living. “I do both” is the wrong answer.

EOTM Real Estate Group is a full service for all real estate needs for Owner’s, Residents and Investors, with services ranging from financial advice, consultations on all aspects of real estate including tax liens, foreclosures, to tenant placement, screening to real estate rental services, management, and sales & marketing training.

With over 10 years experience in Real Estate, Mortgages, Property Management and Marketing, EOTM Properties has positioned themselves as leading providers in Property Management, Real Estate & Mortgages.

We encourage you to visit our site to learn more about the company, our partners and how we are structured to help you achieve the highest investment on your most prized investment.

With the implementation of the new H.O.M.E. Initiative program we predict being able to help thousands of Georgia Families that have been directly affected by the mortgage crisis.

Contact us today for more information on our company and this new initiative.

What to Do If You Can’t Sell a Property?

Unfortunately, things don’t always go as planned. Sometimes you can’t sell properties for what you originally thought. Markets sometimes change as we are seeing in our current situation. Currently the real estate market is softening up in a lot of areas. Below are some tips to help you sell properties faster and what to do if you can’t sell a property.

1. Keep it clean – Properties should be spotless. Chances are, you’re asking a buyer (or renter) to spend a lot of money. There is no excuse for dirt, stains or extra material lying around.

2. Flower boxes & plants go a long way – Especially if it’s summer time, put some nice plants and flower boxes around. If there is a yard, make sure it’s neat and well-groomed.

3. List it with a realtor – If you’ve been trying to sell it yourself, get a realtor. I know 6 percent is a lot, but most realtors will get more money for a property then you will. Plus they pay the advertising costs. Plus you don’t have to waste your time with open houses or showing the property. Plus they’ll sell it quicker… How much does it cost you every month your house doesn’t sell? How much has it cost you so far? What was that? Were you thinking that you can sell it yourself? Obviously not. If you could, you wouldn’t be reading this.

4. Change realtors – If your realtor can’t sell the property, dump him/her. I never recommend signing listing agreements for more than three months. Always choose a realtor in the neighborhood. A realtor 20 minutes away has no idea what’s going on in your neighborhood. Also, don’t negotiate their commission. If you’re paying them 5 percent and someone else is paying them 6 percent, who do you think they’re going to take the hot buyer to? In fact, pay them more. Offer incentives to sell it quick.

5. Reduce price – I know it stinks, but if it doesn’t sell, either offer concessions or cut the price.

6. Rent it – If it doesn’t sell and you have a hard time making the payment, rent it out. I know you want the big “payday”, but how long can you realistically carry the mortgage payments and expenses with a vacant property? Rent it out and try to sell it again when the market gets better. We specialize in property management and tenant placement, contact us for more information.