Get Rid of Property Rental Headaches

February 11th, 2019

At A NEW Location: Oak Hill Assembly 

5200 Franklin Pike Nashville, TN 37220

Click here for directions

5:00 pm

Snacks while they last, Networking and Vendor Visits

5:30-6:15 pm

Breakout Sessions- Women’s Focus Group, Advanced Investors Focus Group

6:30 pm-9:00 pm

Meeting call to order, guest session, door prizes, awards, success stories, deals, and the Featured Presentation.

Click HERE to reserve your seat!

This Month’s Featured Presentation: Explode Your Profits with Lease Options

Discover how lease options give you SO many more ways to turn a profit with real estate – and beat out any competition.

Explode your profits with lease options with Matt Reed.

Join Matt Reed, a major landlord in Cleveland, as he shares his blueprint for success with investors who want to boost their income potential. With a large portfolio of rentals, Matt will bring pain relief for rental property headaches with his topic ‘How to Explode Profits with THE Rent 2 Own Solution’

Rent to Own is a wise and lucrative investment system, but problems such as leaky roofs, toilet issues and stressful tenants can make any investor regret their decision. Matt has been buying, renovating and renting single family homes for over 20 years and has had his fair share of rent to own problems. But his determination to succeed with as little stress as possible, motivated him to develop the Rent to Own Solution – a system designed to eliminate tenant headaches.

Join us and discover:

  • How to manage numerous properties
  • How to reduce property maintenance expenses
  • How to put rental home income on autopilot
  • How to get tenants to pay on time
  • How to get tenants to maintain the property themselves

Get this knowledge the EASY way – from someone ELSE’s mistakes and wisdom!

Click HERE to secure your spot!

9:00 pm until

Off-site networking & late dinners

Cost:

  • FREE for REIN Members
  • Meetup Members and Guests: $35 when pre-registered & $50 at the door

Rental Markets are BACK – the time has come!

Rental Markets are Back!

Creative seller financing is what is needed yet, unfortunately most real estate agents and sellers, do not understand it.

For the last several years I have been saying that the foreclosure epidemic would be a good thing for real estate investors. Real estate investors have such a great opportunity when foreclosure rates go up. What opportunity exists? Real Estate investors can buy foreclosures, of course, and they can also benefit from the displaced owners of the foreclosures. They now have “tenants” for their new purchases and their existing properties.

For the most part, from 2000 until early 2007, if you could fog a mirror you could qualify for a mortgage. This easy qualification process lead to two things: 1) The tenant base decreased causing higher vacancy rates and lower rental rates and 2) it put so many people in a situation they couldn’t afford. Many people had no savings and barely squeezed into a home with minimal down. They couldn’t afford any blip in their lives or with their new home. Unfortunately, things happen in life. Also, many people got put into the interest only adjustable rate mortgages. They qualified when it was interest only or a negative amortization loan, but when it adjusted, they found themselves way over their heads financially.

The Wall Street Journal published an article on May 3, 2008 that talked about how rental homes are now going for a premium in many markets around the country. Many home owners that have gone through recent foreclosure are having a difficult time finding a rental home. There is now so much competition of renters added to the market. It also stated that many renters are looking for a new place due to the home they are living in suddenly being pulled out from under them when an owner is in foreclosure. Many of them have little or no time to move. Some have only a few days notice, as they did not know the owner was even in foreclosure.

I have waited for this time with baited breath. I, personally, am excited that lending requirements have tightened. It keeps out many investors that can’t qualify for a loan, AND it keeps many of my tenants renting from me. Over time when the rental rates stabilize, it will drive up property values for landlords/investors.

What does this mean for you? Make a smart move by making plans to attend the January REIN meeting! I will see you January 10th!

Wendy Patton