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...

Have you ever wanted to pull the trigger and buy that first investment property? These 5 real estate investing experts gave Mind Renovation Nation the inside scoop on their journey to make this happen. These 5 investors are at the top of their investing careers and continue to break their investing ceiling each and every month. The three big takeaways from each of the conversations were as follows: 1. Passion - Real estate investing is in the blood of the top producers. It is an obsession and a passion. They work at it every single day. 2. Persistence  - This business is one where you will not get rich quick. It takes years of practice, persistence, and effort.  3. People  - Finding a mentor or a coach significantly increases your likelihood of success.  Paulie Kazanofski 1. How did you get started in real estate I got started when I met my Uncle Jimmy who lives in Southern California. I lived in Montreal and saw his l...