More than Cashflow was honoured to be an award winning book in the 2014 International Book Awards.
American Book Fest announced the winners and finalists of THE 2014 INTERNATIONAL BOOK AWARDS (IBA) on May 21, 2014. Over 300 winners and finalists were announced in over 80 categories. Awards were presented for titles published in 2012, 2013 and 2014.
Keen says of the awards, “The 2014 results represent a phenomenal mix of books from a wide array of publishers throughout the world. With a full publicity and marketing campaign promoting the results of IBA, this year’s winners and finalists will gain additional media coverage for the summer season.”
Keen adds, “IBA’s success begins with the enthusiastic participation of authors and publishers and continues with our distinguished panel of industry judges who bring to the table their extensive editorial, PR, marketing, and design expertise.”
AMERICAN BOOK FEST covers books from all sections of the publishing industry—mainstream, independent, & self-published. More information can be found at http://www.AmericanBookFest.com
Imagine sitting around shooting the breeze with your University Alumni hockey team after a game. Somehow a local jail is mentioned and your goalie says “Oh no boys – you don’t want to go to that jail. It’s pretty rough.”
Do you think that this guy had the attention of the room full of MBA guys? Heck yes he did.
My friend Mike, who was telling me about this guy, said “he really could be the poster boy for Dos Equis’ most interesting man in the world”.
That got me thinking, what makes someone interesting? More importantly, are YOU …Read more →
Charge too much and you’ll struggle to find great tenants.
Charge too little and you’re leaving money on the table AND you’re probably going to have to sift through a ton of applications.
There’s a lot of work that has to go into figuring out what a fair rent rate is … and at the end of the day you won’t really know what you can charge until you start advertising it and evaluate the response (Want more on my process around renting out your property? Check out this article …Read more →
Our tenants just gave us notice on a property we’ve owned for almost three years. The original plan was to turn it into a rent to own but we weren’t able to find a good tenant buyer for it, so we just rented it out.
Our investment partners were mostly interested in doing this deal for the cashflow that a rent to own can generate so they have expressed a desire to get their capital back (see things that can suck about doing rent to own deals). When the tenants gave notice, we pulled market comps and brought our …Read more →
I think it’s a great idea to manage your first investment property for a while, so you can get a solid understanding of what’s involved. You’ll know what makes a great property manager and have a better appreciation for how challenging the job can be. That said; managing your own properties may not be the right thing for you.
To find out if you could handle the pressures and challenges of property management, you’ll want to do a bit of a self-assessment. Are you a reasonably tolerant person? Do you have any knowledge and experience with doing minor maintenance and …Read more →
Over the last thirteen years we have worked with many different property managers. Whenever we’ve had a property that was slow to fill the property manager would tell us “It’s just the market – it’s slow.”
The property managers weren’t lying when they have said that to us. Vacancy rates were high and properties were taking quite awhile to fill on average. However, after investigation, a slow market was not really why our property was vacant. In one case, the property was run down and really needed some money spent to give it a good cleaning and updating. …Read more →
Do you like wasting time?
When I go to a bad movie, I genuinely wish there was a refund for my time spent. Even though the price of a movie ticket is insanely high these days – forget the money - give me my two hours back!Read more →
Our first joint venture real estate deal was the very first property Dave and I bought together in 2001. We were dating at the time and pooled our resources to do the first two deals. I had excellent credit, $16,000 in savings and zero debt. Dave didn’t have any savings but he did have money in RRSP’s, which he cashed out to invest in our properties. We both had good jobs at that time, although I was leaving mine to do my MBA.
We moved into one of the properties so we could put less money down and still qualify …Read more →
Rental Rate Resource Recommendations From Other Investors:
>> From Debbie in Alberta: Another website I’ve been using a lot is Padmapper.com. I’m not sure how it works in other areas of the country, but it’s been great in Calgary so far. In terms of time efficiency, I like it because it combines ads from Kijiji, Craigslist and a couple of others into one site. One note of caution though, it also lists B & B rates which skew the numbers a little. You just have to read each listing carefully to weed these out.
>> From Wade Graham in Alberta: Rentfaster.ca has amazing stats for Alberta. Helps me every time.