Embracing Technology in Property Management: The Future is Now Title: The Digital Edge in Property  Welcome to the Mind Renovation Nation show, brought to you by Red Maples – your trusted source for institutional-style property management of small multifamily rentals. I’m your host, Nathan Bush. In each episode, we delve into the real-world challenges and opportunities facing small multifamily real estate investors. Today’s focus is on the transformative power of technology in property management. The Current State: Manual Processes and Missed Opportunities Did you know that nearly 75% of property managers still rely on manual processes and spreadsheets to manage their portfolios? This traditional approach often leads to inefficiencies, increased costs, and poor communication. The Technological Revolution in Property Management We’re at the cusp of a revolution, where technology is reshaping the landscape of property management: Property Management Software: Platforms like Buildium...

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...

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...

David Diaz has tremendous knowledge of the things institutional investors look for in real estate partners. As an industry pioneer, he has helped to structure, build, market and grow some of the largest institutional investors in the single family homes industry. During our interview you will learn the importance of three things. 1. Relationship matters 2. Team matters 3. Knowing who you are matters Read the interview... 1. How did you get started in real estate? ​In college I started out as a physical therapy major. Through a rather fortunate turn of events, I ended up in an econ class and saw my first guns vs. butter chart and I was hooked. Math seemed so much more interesting when there was a dollar sign in front of it. After switching my major to finance, I realized that as a poor kid with no equity, I had to focus on something with it's own intrinsic value, like real estate, where I could get leverage (financing). I started in service businesses (Le...

How​ ​did​ ​you​ ​get​ ​started​ ​in​ ​real​ ​estate? ​ ​​​ ​I​ ​started​ ​selling​ ​real​ ​estate​ ​in​ ​early​ ​2000.​ ​​ ​I​ ​had​ ​been​ ​involved​ ​in​ ​the real​ ​estate​ ​industry​ ​for​ ​a​ ​number​ ​of​ ​years​ ​but​ ​had​ ​never​ ​sold​ ​real​ ​estate.​ ​​ ​I​ ​was​ ​fortunate​ ​at​ ​the​ ​time​ ​as​ ​I​ ​met one​ ​of​ ​the​ ​top​ ​agents​ ​in​ ​my​ ​market​ ​who​ ​had​ ​a​ ​team.​ ​​ ​They​ ​hired​ ​me​ ​to​ ​prospect​ ​expired​ ​and​ ​fsbo​ ​leads​ ​and​ ​to list​ ​properties.​ ​​ ​I​ ​was​ ​given​ ​some​ ​scripts​ ​to​ ​practice​ ​and​ ​taught​ ​how​ ​to​ ​use​ ​the​ ​scripts​ ​and​ ​handle​ ​objections​ ​to set​ ​appointments.​ ​​ ​I​ ​practiced​ ​everyday​ ​with​ ​other​ ​agents​ ​and​ ​was​ ​able​ ​to​ ​quickly​ ​build​ ​my​ ​skills​ ​over​ ​the phone​ ​and​ ​found​ ​very​ ​good​ ​success​ ​doing​ ​it. What​ ​is​ ​espresso​ ​agent?​ ​​​ ​Espresso​ ​Agent​ ​is​ ​a​ ​data​ ​provider​ ​for​ ​the​ ​residential​ ​real​ ​estate​ ​industry​ ​and​ ​also​ ​a crm​ ​that​ ​of...

Top 3 Reasons Real Estate Investors Lose Eviction Cases I recently sat down with Matthew Chase, an eviction attorney, because he and his firm process hundreds of eviction cases each year. If anyone knows Missouri Eviction law and the Judges it is him. I learned a number of things from Matthew and how to win in court was certainly one of the topics of discussion.  Working with a number of other attorneys in the past, I found that winning an eviction case is not always an easy task. During the conversation I was able to conclude there are three things that are the biggest reasons that Real Estate Investors lose eviction cases and they are: They don’t display emotional control as a witness in the courtroom. They come to court unprepared without documentation to support their case.  They do not have good communication with their attorney. Matthew was able to answer a number of questions for me. These are questions we often get from Investors about the Eviction Process in Mi...

I believe you were born to be a leader and possess all the necessary skills and traits. You are also correct to believe that you have a lot of work to do, and this site is an interruption in your time. You should be assured this site is worth every second you spend reading, and I will prove it to you. In a recent study of the return on investment of investing in leadership training, participants found for every $1 in value paid the return was $6 in tangible benefits (Rhos, 2015). This means that if your time is currently worth $20.00 per hour and you study this information for 10 hours you would have invested $200.00 worth of your time into this information. According the Rhos’s study, the benefits you will receive will be greater than or equal to the value of $1,200.00. Would you invest $200.00 to make $1,200.00, if you had 0% risk of losing the money?  I know I would take my chances with that investment everyday of the week.  I have been called,  "A ...

Grant Cardone sales trainer, radio host, real estate investor, and business coach is known for his statement, “Price is a myth!” He would be right. Price is a myth but costs are real and a fact. As a leader you are either controlling costs or costs are controlling you. Organizations today are very focused on cutting and controlling expenses, but what they should be focused on is controlling costs. What Does Your Decisions Cost? That is the question that every leader must ask themselves. When you are making decisions, you must consider all the costs. For instance stealing from your company may fill a short term need, but what is the cost to you if you are caught? If you are caught you could lose your job, increase stress in your life, and be arrested. The 4 Steps to a Renovation In the long term there are high costs associated with making bad short term decisions today. Just like your need to conduct renovate your time management plan you may need to undergo a cost renovation....

Explaining and describing your real estate service, with all of your features and benefits defines your skill as a Real Estate Professional. By having a distinct lead generating strategy, selling strategy, and closing strategy a real estate agent can create a sense of urgency within a seller or  buyer. In the real estate business, having the ideal training and coaching to generate real estate sales leads is of the utmost importance. Competition is tough, both offline and online. One of the reasons why it is important to start the business already armed to excel, or be ready to acquire the tactics, resources and skills is to ensure your potential to generate leads soon afterward. Although, generating sales leads from scratch can be a daunting task, it does not have to be that difficult. Even when you have an effective, high tech marketing applications and strategies in position, there is always something else to learn to be able to build and maintain a marketing advantage...