Hello Modern Women,
With the holidays fast approaching and with our tenants holiday spending about to begin, we thought it might be wise to spend some time talking about proper planning as well as active management.
There has not yet been a single year that has passed where in the month of January 70% of rent is late. Infact, in the month of January, the only tenants who’s rent has ever been on time are those who have provided post dated cheques or direct deposits.
In addition to non-payment of rent, Dec 31st marks the end of a tax year for many investors, some of whom will for the first time, see just how profitable (or not) their investments have been.
With an increase of bills and reduction of income due to nonpayment, January seems to be a month were many are considering the sale of their properties, or are facing challenges that could lead to liquidation. Why does this matter? These are all opportunities that knowledgable investors can turn into profitable win-win scenarios, and this month we want to talk about that!
How do we manage our tenants and identify opportunities to help us grow and achieve our goals in 2015. How do we ensure we are not amongst the investors who have been caught off guard and feel liquidating property is the only means forward. This monthly will be a highly interactive meeting with a short presentation and a lot of Q & A. Bring your goal setting, tenant evicting, cash-flow management questions with you and pick our brains and those of other investors to help set yourself up for a year of great success in 2015.