Unlocking Real Estate Investment Success in 2024: Insights from Mind Renovation Nation Hey there, Mind Renovation Nation! It's Nathan Bush here, back with another dose of insight to supercharge your real estate journey. In today's blog, we're diving deep into the heart of real estate investment. We’re not just skimming the surface – we’re going all in, just like we did in our latest podcast episode. So, whether you're a seasoned investor in St. Louis or just dipping your toes in the market, buckle up! We're about to embark on a strategic journey to skyrocket your portfolio in 2024. Setting the Stage for Explosive Growth Reflecting on our trails of investment, it's crucial to look ahead and strategize for the coming year. This is not just about wishful thinking; it's about concrete planning and execution. And that's where Red Maples comes into play, offering top-notch property management that makes your investment journey smoother. The GROWTH Framework: Y...

Embracing Smart Home Technology in Property Management: Trends and Costs In the evolving landscape of property management, integrating smart home technology is becoming increasingly popular. To help you navigate this trend, we've done some research on what these technologies look like and what they cost for investors. Video Intercom Systems One trendy option is the video intercom system. With equipment costs ranging between $200 and $500 and installation fees from $2 to $500, this feature adds both security and modernity to your property. Keypad and Access Controls Another useful addition is keypad and access controls. The equipment for this technology is relatively affordable, costing between $100 and $300, with installation charges again ranging from $2 to $500. Smart Lights and Outlets Smart lights and outlets are an economical way to modernize your property. They can sync with smart home devices like Alexa or smartphone apps. The equipment might cost between $500 and $1,000, wi...

The First Commandment of Property Management: Seek the Truth and Do the Right Thing In the realm of property management, minimizing damage and costs is crucial. But how do we begin this process? The answer lies in a fundamental principle: the quest for truth and commitment to doing the right thing. Understanding the Core Principle Before diving into the technicalities of property management, it's vital to establish a foundational mindset. This mindset revolves around two key elements: Seeking Out the Truth: This involves being proactive in understanding the situation of your property. It means not just accepting things at face value but digging deeper to uncover the reality of what's happening inside your properties. Doing the Right Thing: Once you have a clear understanding, it's about making decisions that are not just profitable but also ethical and responsible. This approach ensures long-term sustainability and a positive reputation in the industry. The Impact on Prope...

Learn the Ins and Outs of Small Multifamily Investing and Achieve Financial Freedom Real estate investing can be a great way to build wealth and achieve financial freedom. However, navigating the industry can be confusing and overwhelming for beginners. In this guide, we will break down some of the most popular and effective strategies for investing in real estate. Wholesaling: Wholesaling is the practice of finding a property and quickly reselling it to another investor for a profit. This strategy is great for those who want to get into real estate investing but don't have a lot of money to put down. By acting as a middleman, you can make a profit without having to take on the risk of owning the property. Lease options: Lease options involve renting a property with the option to buy it at a later date. This strategy is great for those who want to test the waters of homeownership without committing to buying a property outright. It also allows renters to take advantage of rising p...

Success is little more than the long-term outcome of following a set of simple, and often boring, sets of routine habits. Walter Bond (previously NBA crusher and now motivational speaker) say’s, “Success is a matter of following successful habits and rituals.” Have you thought about your real estate habits and rituals? Highly successful real estate investors share a set of habits . Understanding and adopting these habits will help to ensure your success. Begin your investing career on the right foot. Habits can make all the difference. Tip the odds in your favor by having effective investing habits: Successful investors have multiple advisors they trust. The members of the team will vary with the type of commercial real estate involved. An accountant, attorney, banker, title company, and mentor are standard. Contractors, business partners, and property managers might also be required.   Successful investors are focused. Find a niche and stick with it until branching out makes se...

Although real estate may seem like a sure bet for anyone, many investors make the same few mistakes. Eliminate these errors from your investing activities and you'll be well on your way to accumulating the wealth you desire. Avoid These Mistakes Poor research. Most of us do a lot of research when we plan our vacations or purchase a new television. If you were buying one that was worth 100k, you can bet you’d do even more research! Well, you should be doing that when you purchase a piece of real estate, too. Inadequate financing. Real estate investors frequently like to wheel and deal, and their deals can have a lot of moving parts. Balloon payments, interest-only payments, owner financing, subject-to, and many others are commonplace. To make a deal happen, we can get carried away doing everything in our power. Getting a great price doesn’t always justify the deal if the financing is inadequate. Are you really sure that you can unload the property or get another financing before ...

R – Realistic I – Individualized G- Gaping H – Helping T – Targeted "There is little difference in people, but that little difference makes a big difference. The little difference is attitude. The big difference is whether it is positive or negative." - W. Clement Stone What is your attitude towards your goals? Do you have a positive attitude or a negative attitude? You will love what Dale Carnegie says, “ Happiness doesn't depend on any external conditions, it is governed by our mental attitude”. Our attitude towards goal setting is vitally important in helping to reach our goals. Steven Covey was exactly right when he wrote, “We are the creative force of our life, and through our own decisions rather than our conditions, if we carefully learn to do certain things, we can accomplish those goals.” I believe Steven Covey was writing about RIGHT goals. There is a story of two businessmen who wanted to achieve top success. One businessman had big ideas, big dreams, big goal...

What is Not Leadership Often leaders learn from books, podcasts, and blogs written by leaders who sell leadership trainings, books, or courses and it can kind of get boring. It can be hard to sift through the information on leadership and find things you didn't already know.  This is where inspiration is hard to come by. So to help you we have created a post of what leadership is not. There are three words often associated with leadership that actually are misconceptions of Horizontal Leadership and those three words are authority, followers, and servant.  The Big Misconception #1: Leaders have to have authority to lead. Authority is defined as the power or right to give orders, make decisions & enforce obedience. Leaders lead with the influence of their actions, they do not force actions with authority. They are role models, examples. When you study leaders, you want to model their actions and be able to get similar results. Management is all about control. To control yo...

Are you attracting successes to you?   Science has an explanation for understanding the harmonizing of desires that some call luck, coincidence, or manifestation of desires.  Atoms are made up of neutrons, protons, and electrons. Those units of matter are made up of quarks. Quarks have different important properties. These properties consist of electric charges, mass(weight), color charge (energy with different combinations), and spin (vibration). These units of matter are held together through electromagnetism.  "All matter at its basic units are energy, frequency, and vibration." Nikola Tesla.  Why is this important?  In relation to becoming the best version of yourself, thoughts are electrical waves in the form of frequency. Frequency carries information. Think for one second about a radio frequency.  Now in relation to becoming the best version of yourself, your "being" does not see with your eyes your "being" sees through your eyes.  Your "So...

There is beauty in Real Estate. Specifically, because the population is growing. In Real Estate you can receive a steady income that you can accurately predict and rely on, unlike typical sales roles. To attract the best clients and make the top dollars you have to start with focusing on becoming a top-producing Real Estate Agent. There are a number of books and references on selling but not much available on the topic of attracting a Real Estate clientele. In Real Estate the skill of persuasion is one you must develop. To get started there are 5 baby steps that you must take to begin a career. 1. Read books on influence, persuasion, marketing, and asset management 2. Write down and affirm your success, “I am closing 35 homes per year” 3. Find an agent with a lot of listings you connect with 4. Find a mentor to show you the way 5. Associate with others who are currently successful in Real Estate Getting your Real Estate License can be the better avenue when starting in real estate. ...

Do you or your employees struggle with enthusiasm or passion for the job? 🤷‍♀️ If your company is like most, then you might have some employees going through the motions. Passion is not something that just happens to your employees or yourself it is a planned operation. 👨‍💻👩‍💻 Are you planning for passion development? You should be. Lack of passion leads to underperformance. Just as you have a plan for how you are going to market you business you should have a plan for how you are going to build passion in your company. There are four ways to build passion in your organization: developing a strong mission, building a training program, including your employees in goal setting. 🥇Developing your mission! What is your company’s purpose? Maybe you don't own the business, that's okay. You can have a team mission. Why do you exist? If you do not have something to live for then you merely existing, not living? Having a strong mission is one of the biggest builders of passion in a...