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Reynolds Realty Advisors
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Quick Tip: Go for the long haul — Rarely do people increase their wealth by owning property for short periods of time. Long-term investing in cash flow-producing assets like real estate is the way to go.
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Quick Tip: If it sounds too good to be true, it is! Real estate is high risk as there are many things that can go wrong. Be very careful. Once you take ownership of the property, you have to correct the problems and issues,or live with them.
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Quick Tip: When managing properties, it’s important to remember, your goal is not to just fill vacancies. Smart landlords are ALWAYS doing small things systematically to find/attract future residents before notice of a vacancy even occurs. As a result they experience little, if any, turnover time between residents. And their profits continue to grow instead of being killed by turnover costs.
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The National Apartment Association recently shared their 2014 Multi-Family Industry Insights, within it they highlight renter's attitudes towards pests. Follow the link to read some valuable information. http://ow.ly/COSHp
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The end goal may not be buying enough rentals to provide a solid income, but to provide a cushion for even bigger ventures. That cushion allows someone to take risks and not have to worry about losing everything.
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Are you a multi-family investor in need of some hump-day inspiration? Check out our blog article containing stories that will inspire you: Apartment Investing Success Stories - http://ow.ly/COtgf
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Building a Real Estate Empire: the 5 Rules - Reynolds Realty Advisors http://ow.ly/CL1hX
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Reynolds Realty is on Linkedin! Visit our company page for real estate investment tips and company news! | LinkedIn http://ow.ly/CakzN
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Quick Tip: Planning to manage your investment property yourself?  Budget for management anyway. Why? if you are successful (very likely) there will come a day when you will have too many and you’ll need to start using property management. What happens if you never budgeted for it? That’s right: you lose all your cash flow.  So whether you plan to manage yourself or not- budget for a property manager either way.
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Get advice from Warren Buffett the billionare who grew wealthy due to his investments rather than operating a business: 3 Business Tenets Key to Intelligent Real Estate Investment http://ow.ly/C7AW3
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