Category Archives: Defining Ideas
Learn How To Use Monte Carlo Simulations to Make Better Real Estate Decisions – A 5 Day eCourse for Busy People
Here’s some breaking news. You have the power to predict the future with more accuracy. And as a real estate investor, you should be extremely happy about that. Here’s how to do it. Simply start using Monte Carlo Simulations. What’s … Continue reading
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The DVP Change Formula Helps Landlords Drive Neighborhood Restoration
Resistance to change is always in ample supply. And when it comes to inner city revitalization efforts, a number of programs have been launched (with fanfare) and quietly scrapped. What makes you think you can do any better? Here’s where I shamelessly plug … Continue reading
Posted in Defining Ideas, Ideas to Boost Equity
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How Using the Rule of Five Can Make Landlords Richer
Real estate investors are always estimating and speculating. The amount of money you make or lose is directly related to your estimating skills. Here’s a trick to make you a better estimator and hopefully richer as well. In Douglas Hubbard’s … Continue reading
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Using Tenant Survey Results to See the Ugly Truth
This series started off when I discovered that inside a tenant-centric hierarchy of needs tenants need to feel safe before their belongingness needs were addressed. Click HERE to see that post. That led me to send out a tenant survey to find out how … Continue reading
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Launching $100 Idea
I’ve shared details with subscribers about our implementation of the “Newsletter – WiFi” idea that came out of the $100 Idea Challenge. This idea involves selling a $15/month newsletter to the neighbors surrounding our 8-plex and providing complimentary Wi-Fi. We’ll email … Continue reading
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Increasing Profits with Sub-Niche Housing – the Dr. Cash Flow Approach
I tuned into the REIClub’s webinar where they featured Dr. Cash Flow, Nick Sidoti. Nick advocates renting rooms to high-functioning handicapped people on government assistance. He claims this private co-housing approach is cheaper and more efficient than what the government can do, … Continue reading
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How to Get Craigslist Prospects to Short List Your Rental
While at Home Depot, two men approached me and offered their mobile dent removal services. My wife’s car really needed help, but I was skeptical. I didn’t know if these guys were legitimate. They asked if I would allow them to prove … Continue reading
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The $100 Challenge: Additional Idea Buckets Help Focus Our Thinking
As announced last week, I’ve accepted the challenge to create an additional $100 per month from my 8-unit apartment without raising rents or reducing operating expenses. As I brainstormed this week, I realized many landlords get into the business to create “passive” … Continue reading
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How to be a Landlord in a Tough Neighborhood
This is the final post of a three-part series regarding how to be a landlord in a lower-income or urban community. In the first two posts, I used teeter totters to show how the Leading Landlord Principle connects with the Broken Windows Theory. … Continue reading
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Reducing Disorder – An Alternative Investment Strategy
In 1982, Wilson and Kelling published the Broken Windows Theory which claims crime can be discouraged by reducing disorder. A few social scientists discredit their successful results, but who cares. Taking care of little things to reduce dis-order has been the guiding principle … Continue reading
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