Wednesday, April 28, 2010

Multi Families Training

I'm not a pilot, but I know people who are. They tell me that "vertigo" is a very scary thing.

It's the feeling that your plane is climbing or falling when it's not. That would be weird enough, but here's the problem: If it's night and you start to trust your senses instead of your instruments, you can easily die. You compensate for your feeling that the plane's climbing, and fly your plane into the ground.

Apparently it happens even to highly experienced pilots. The solution: To get trained to trust your instruments. Then you put your emotions and "gut instinct" aside, and fly by what those gauges tell you.

Click here to reserve your spot now: http://www.rementor.com/teleseminar

The best pilots are "instrument rated" where they never have to look out the window to know where they are.

Real estate investors get vertigo all the time. It happens when they must drive by a property to know how it's doing. They're "trusting their gut" and are likely to run their profits into the ground. Why? Let me count the ways:

1. Appearances can be deceiving. Some of my best-looking properties have been the worst-performing from a profit perspective. That can happen when the property manager spends too much money on the wrong priorities.
2. What are you doing, driving by properties when you should be looking for more deals? If your "highest and best use" is to monitor the daily operations of a property, then you should become a property manager and not an investor.
3. Sometimes it's possible to get too close to a deal. Perhaps you get to be buddies with the property manager. That's good up to a point. Beyond that and it can mean you're blinded to what's really happening at your property.

Register here: http://www.rementor.com/teleseminar

The antidote for property vertigo? Well, for starters, it's attending my teleseminar on Tuesday April 27th at 9pm Eastern. I talk about how to find great property managers and then manage them to minimize your time and maximize your profits.

It's easy to register. Simply go here: http://www.rementor.com/teleseminar

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