By John | June 21, 2009 - 11:18 am - Posted in Uncategorized

Something I struggle with on a daily basis is focus…  I have so much going on and so many projects to complete it is very difficult for me to focus.  I have had to force myself to realize that I can not possibly do everything myself…  Outsourcing what you can not do is very  important in business.  It will often cost you more money by not getting something done than if you had outsourced the project or task to someone else and paid them.  This is difficult for many people.  For example,  I have an apartment that needs cleaned:  Do i clean it myself or pay someone decent money to clean it for me?  Of course I do  not clean it myself,  I have too much going on,  but I will pay someone $250 to get it cleaned and rentable in 2 days.   I could pay someone by the hour to clean it, or possibly get it done cheaper… but would they take thier time?  Would they get it done when i need it done?  Probably not…   I am willing to pay money for speedy results.  Every day that the apartment is not rented is costing me money.   We have these numbers built into our investment plan.  Bottom line,  do not be afraid to have someone else do what you may procrastinate on doing….   Focus on the project and get someone to do the things you may not have time for…  If you believe the project will make you money,  build outsourcing some of the work into the equation.  Many times people purchase investment property without calculating management fees… I do not know about everyone else,  but I don’t plan on managing our properties myself indefinitely… my nerves could not take it.. We have the management fee built in… so when I decide to call it quits,  we turn it over.. and we are still ahead, because it is built into our numbers.

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By John | June 12, 2009 - 2:20 pm - Posted in Uncategorized

We’ve been dealing with our apartment building all week….. We thought we were rid of the trouble makers up until a couple weeks ago.   We have a guy that is a roommate of one of our Section 8 tenants…. From my understanding this guy is not even supposed to have anyone living with him… which I only think is fair since the government is paying his way and the 22 year old “roommate” is basically using him for free housing.  I would not have a problem with this as much but the guy has caused us a lot of trouble.   He was a former tenant of ours before he moved into our Section 8 apartment and abandoned his apartment.     He has been gone from his apt for months and had the nerve to ask me a couple weeks ago if he could have his deposit back,  of course the answer was no!  Especially since he had left the place a crap hole and has been partying up there ever since.  It is my fault for letting the place go and not locking it up, etc once he moved out….   When I finnally did lock up the place,  they guy went nuts on me…  He was upset because (even though the place had no electricity) he was using it as a party station for him and his friends.   I wasn’t going to argue with the guy so I called the police,   his smart mouth got him arrested and taken to the station where I had to fill out a police report.  They basically told me I should have him formally evicted even though it has been months since he was in the apartment.    You would think after all of this,  the dumb *^!@( would stay on the down low….. NO!!!   he busted down an entrance door that all tenants have a key for….  apparently in broad daylight.   I want this guy gone!   I am at odds with myself because our Section 8 tenant is still under lease until late this year….   I have already decided he is not an asset to our building and have decided not to renew his lease….  that is where the problem lies,  I can’t tolerate this for that long…. I am seriously considering complaining to his case worker and getting an emergency eviction..  This may result in him loosing his housing voucher… but I have warned him repeatedly about the company he is keeping and the trouble his so called roommate is causing.  I have posted my dilemma in some forums,  should be getting some interesting responses.

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