Jeffrey Taylor, Mr. Landlord, is speaking at this month's Triangle Real Estate Investors Association Meeting on June 21. This event is free to members and guests and the details from TREIA are as follows:
TREIA Monthly Meeting - Mr. Landlord
How to Fill Any Vacancy in 72 Hours For Top Market Rent, in a Competitive Market
Eliminate your landlording headaches! Do far more than just survive as a landlord. Jeffrey Taylor will show you how to fill your vacancies fast, even in a competitive market!
With real estate prices still low and many former homeowners who will need to rent due to foreclosures and other financial and credit related issues, there may not be a better time to purchase income properties to hold long-term to rent or offer rent-to-own opportunities. For an inexperienced investor, what could be one of their greatest financial moves could become their biggest nightmare without professional guidance.
If you are currently managing rental properties, are a successful real estate investor, or if you’re considering becoming a landlord, then you won’t want to miss Jeffrey’s presentation. He’ll completely transform the way you see landlording.
Download Flyer
Speaker Information:
Jeffrey Taylor is known nationwide as “Mr. Landlord,” and has taught thousands of real estate investors, landlords and managers how to fill their vacancies in just 72 hours and keep residents for 6 years.
He’s the author of the bestselling books The Landlord's Survival Guide & The Landlord's Kit. He’s America’s #1 landlording coach, a successful landlord with over 25 years experience and founder of MrLandlord.com, home of the most visited landlord Q&A website in the nation for rental owners.
Date and Time
Start Date: 06/21/2011 Start Time: 6:00 PM
End Date: 06/21/2011 Approx. End Time: 9:00 PM
Registration Deadline: 06/21/2011 Meet Time: 6:30 AM
Event Leader
Keith Turnbull
Contact Leader
919876688 H
919-673-3454 M
Event Cost
Prepayment Required
Pricing Option Name Price Deadline
Members Free 06/21/2011
Guests Free 06/21/2011
Location (More Detail)
Event Location: Hilton - North Raleigh
Address: 3415 Wake Forest Road , Raleigh , NC 27609-7330
Directions: From the Beltline: Follow I-440 to Exit #10 (Wake Forest Rd). Make Left at light off exit, hotel is 1/4 North on the left.
Although you will still need advice for landlording in North Carolina, Mr. Landlord has a lot to offer! It is definitely worthwhile to check him out.
Showing posts with label TREIA. Show all posts
Showing posts with label TREIA. Show all posts
Sunday, June 19, 2011
Sunday, June 12, 2011
Welcome Changes to the Homeowner/Homebuyer Protection Act
As many of you are probably aware, in 2010 a series of regulations was foisted on landlords who extended an option to purchase the rental property that they were leasing through a law known as the Homeowner and Homebuyer Protection Act, or SB 1015.
Well, it is now 2011 and the real estate investors are in a somewhat friendlier climate. Not sitting idly by, members of the Triangle Real Estate Investors Association and other NC REIA's have secured sponsorship of H654, revisions to the new Homeowner/Homebuyer Protection Act.
Some of the key provisions of the revisions to the Act include:
* Revising the definition of a lease agreement covered by the acts regulations to remove all leases that do not apply a portion of the rent to the option;
* Clarifies that a contract under which the potential purchaser is obligated to buy the property is not a covered option agreement;
* Clarifies that if the seller does not take any payments on the option prior to closing then a payment at closing does not create an equitable right of redemption;
* Allows an injured party to sue under the Unfair and Deceptive Trade Practices Act("UDTPA), but does not declare any violation of the Act an automatic violation of the UDTPA;
* The Act also makes some common sense changes to the requirements pertaining to Land Sale Contracts; and
* With respect to the so called "mortgage rescue scam protections" the Act provides that although a landlord who purchases a property from someone in foreclosure and allows them to remain as a tenant must obtain an appraisal on the property within 90 days of the purchase, he is no longer required to make sure the appraisal is delivered within 3 days of receipt.
This bill deserves your support.
Currently H 654 has passed through the House and is now in the Senate Commerce Committee. Please take some time and contact your local senators and members of the Senate Commerce Committee and let them know that you support H 654!
Well, it is now 2011 and the real estate investors are in a somewhat friendlier climate. Not sitting idly by, members of the Triangle Real Estate Investors Association and other NC REIA's have secured sponsorship of H654, revisions to the new Homeowner/Homebuyer Protection Act.
Some of the key provisions of the revisions to the Act include:
* Revising the definition of a lease agreement covered by the acts regulations to remove all leases that do not apply a portion of the rent to the option;
* Clarifies that a contract under which the potential purchaser is obligated to buy the property is not a covered option agreement;
* Clarifies that if the seller does not take any payments on the option prior to closing then a payment at closing does not create an equitable right of redemption;
* Allows an injured party to sue under the Unfair and Deceptive Trade Practices Act("UDTPA), but does not declare any violation of the Act an automatic violation of the UDTPA;
* The Act also makes some common sense changes to the requirements pertaining to Land Sale Contracts; and
* With respect to the so called "mortgage rescue scam protections" the Act provides that although a landlord who purchases a property from someone in foreclosure and allows them to remain as a tenant must obtain an appraisal on the property within 90 days of the purchase, he is no longer required to make sure the appraisal is delivered within 3 days of receipt.
This bill deserves your support.
Currently H 654 has passed through the House and is now in the Senate Commerce Committee. Please take some time and contact your local senators and members of the Senate Commerce Committee and let them know that you support H 654!
Tuesday, December 28, 2010
Two Important New Year's Resolution
It is an introspective time of year when many of us review how we have done over the past year and evaluate what we can do to improve in the New Year. Many of us will make resolutions that are quickly abandoned, which is okay if you are one of those people that makes my gym extra crowed during the first few weeks of January. However, some resolutions are worth sticking to.
In no particular order I have two resolutions that I request that all landlords and property management professionals to consider. They are fairly interrelated, so if it makes you feel better you can consider them one resolution.
Resolution No. 1: I will take an active role in forming the laws that regulate the rental industry.
This is not nearly as hard as it sounds, and, like many things, pretty easy once you get started. It is important to be involved at the local(municipal) level, state and federal level. At each level laws and regulations are promulgated that will effect the ease with which you conduct your business and the costs and fees involved. In North Carolina we also have the ability to influence who our judges are too, which may influence how the laws and rules are applied.
Their are two ways to influence legislation. One is time and the other is money. Money is the simplest part. It is worthwhile to contribute to organizations, people and parties that align with your interest and what you are trying to do. Time is a little more difficult to define and can include: working on campaigns; contact your legislator by telephone or in writing about a particular issue or piece of legislation; taking part in public comment periods on legislation or rulemaking; and educating like minded people around you.
But, how do you find out about what is happening? Well, you can start by paying attention. Not just listening to the 6:00 o'clock news, but actually doing your own research. You can set up some RSS feeds on areas you are interested in, if you are technically inclined. You can also take advantage of the various real estate investment and landlording organizations and the many educational opportunities that they offer. This brings me to:
Resolution No. 2: I will increase my knowledge of the laws and rules affecting the landlord-tenant industry.
There are many ways to do this. Unfortunately, I don't think you will be able to go to Barnes and Noble and get a book or magazine that will educate you all that well. So you will have to take a more proactive approach. There are a few vendors such as Lorman and the National Business Institute(NBI) that will from time to time offer relevant seminars.
However, there are several local organizations that offer monthly opportunities for you to increase this knowledge, both through formal presentations and informal discussions with other people who have experience in landlording and real estate investment. I would highly recommend joining the Triangle Real Estate Investors Association (TREIA), the Wake County Apartment Association (I don't think you actually have to own your properties in Wake County), and the Triangle Apartment Association (TAA). Both TREIA and TAA are local affiliates of national organizations and have chapter throughout the state and throughout the country. Both the TAA and TREIA have committees that attempt to engage the legislators and influence the laws that affect your bottoms line. Also, these groups often have sub-groups that will further focus on your areas of interest. I hear you can often even get free legal advice at the meetings. Additionally, the level of sophistication of the members of all of these groups varies from newbies to the more experienced,and you should never feel intimidated about attending.
Happy New Year and Happy Landlording!
Norm Praet, Esq.
In no particular order I have two resolutions that I request that all landlords and property management professionals to consider. They are fairly interrelated, so if it makes you feel better you can consider them one resolution.
Resolution No. 1: I will take an active role in forming the laws that regulate the rental industry.
This is not nearly as hard as it sounds, and, like many things, pretty easy once you get started. It is important to be involved at the local(municipal) level, state and federal level. At each level laws and regulations are promulgated that will effect the ease with which you conduct your business and the costs and fees involved. In North Carolina we also have the ability to influence who our judges are too, which may influence how the laws and rules are applied.
Their are two ways to influence legislation. One is time and the other is money. Money is the simplest part. It is worthwhile to contribute to organizations, people and parties that align with your interest and what you are trying to do. Time is a little more difficult to define and can include: working on campaigns; contact your legislator by telephone or in writing about a particular issue or piece of legislation; taking part in public comment periods on legislation or rulemaking; and educating like minded people around you.
But, how do you find out about what is happening? Well, you can start by paying attention. Not just listening to the 6:00 o'clock news, but actually doing your own research. You can set up some RSS feeds on areas you are interested in, if you are technically inclined. You can also take advantage of the various real estate investment and landlording organizations and the many educational opportunities that they offer. This brings me to:
Resolution No. 2: I will increase my knowledge of the laws and rules affecting the landlord-tenant industry.
There are many ways to do this. Unfortunately, I don't think you will be able to go to Barnes and Noble and get a book or magazine that will educate you all that well. So you will have to take a more proactive approach. There are a few vendors such as Lorman and the National Business Institute(NBI) that will from time to time offer relevant seminars.
However, there are several local organizations that offer monthly opportunities for you to increase this knowledge, both through formal presentations and informal discussions with other people who have experience in landlording and real estate investment. I would highly recommend joining the Triangle Real Estate Investors Association (TREIA), the Wake County Apartment Association (I don't think you actually have to own your properties in Wake County), and the Triangle Apartment Association (TAA). Both TREIA and TAA are local affiliates of national organizations and have chapter throughout the state and throughout the country. Both the TAA and TREIA have committees that attempt to engage the legislators and influence the laws that affect your bottoms line. Also, these groups often have sub-groups that will further focus on your areas of interest. I hear you can often even get free legal advice at the meetings. Additionally, the level of sophistication of the members of all of these groups varies from newbies to the more experienced,and you should never feel intimidated about attending.
Happy New Year and Happy Landlording!
Norm Praet, Esq.
Monday, August 16, 2010
What Every Property Management Professional Should Know!
For the inaugural post to this first property management blog on North Carolina law I drew from my decade of experience in property management and landlord/tenant law to find the most important piece of information I could impart.
By far the most important thing I can tell you is to learn everything possible about this business, and there is a lot to learn. The more knowledge you have, the less costly mistakes you will make, and the more likely you will have a good (profitable) experience.
How do you do this though?
First, it is necessary to surround yourself with knowledgeable people. You will ideally want your professional support (accountants, attorneys, realtors, and contractors) to have property management experience. If you pay attention you will learn a lot from these people. If they are doing something you don't understand ask them, it may save you some money the next time.
Next (or possibly first if you are not already a property owner) you should join a real estate organization that focuses, at least in part, on property management issues. There is a lot you can get out of these organizations, and for the price they are a great value.
Now that you have joined a property management organization, you will be surrounded by people dealing with the same problems you are, and hopefully a few that have already dealt with those problems. Also, many landlord organizations have frequent educational opportunities and offer monthly publications on both fundamental and cutting edge issues. Some of these organizations in central North Carolina are the Triangle Apartment Owner's Association (a division of the National Apartment Association), the Wake County Apartment Association, and the Triangle Real Estate Investors Association (a division of the National Real Estate Investors Association). Usually these groups have monthly meetings most of the year, and often they will have sub-groups depending on your property types or goals. In addition to the educational opportunities there will also frequently be investing opportunities and vendor discounts will be worth the price of your membership.
These groups may be contacted as follows: Triangle Apartment Association- http://www.triangleaptassn.org/; Triangle Real Estate Investors Association- http://treia.com/; and Wake County Apartment Association- http://www.thewcaa.com.
In future posts we will deal with the entire range of issues and developments affecting property management in North Carolina, from the most basic issues to the most advanced. I hope to hear from you regarding questions you may have or things that have happened to you that you think other readers will benefit from.
By far the most important thing I can tell you is to learn everything possible about this business, and there is a lot to learn. The more knowledge you have, the less costly mistakes you will make, and the more likely you will have a good (profitable) experience.
How do you do this though?
First, it is necessary to surround yourself with knowledgeable people. You will ideally want your professional support (accountants, attorneys, realtors, and contractors) to have property management experience. If you pay attention you will learn a lot from these people. If they are doing something you don't understand ask them, it may save you some money the next time.
Next (or possibly first if you are not already a property owner) you should join a real estate organization that focuses, at least in part, on property management issues. There is a lot you can get out of these organizations, and for the price they are a great value.
Now that you have joined a property management organization, you will be surrounded by people dealing with the same problems you are, and hopefully a few that have already dealt with those problems. Also, many landlord organizations have frequent educational opportunities and offer monthly publications on both fundamental and cutting edge issues. Some of these organizations in central North Carolina are the Triangle Apartment Owner's Association (a division of the National Apartment Association), the Wake County Apartment Association, and the Triangle Real Estate Investors Association (a division of the National Real Estate Investors Association). Usually these groups have monthly meetings most of the year, and often they will have sub-groups depending on your property types or goals. In addition to the educational opportunities there will also frequently be investing opportunities and vendor discounts will be worth the price of your membership.
These groups may be contacted as follows: Triangle Apartment Association- http://www.triangleaptassn.org/; Triangle Real Estate Investors Association- http://treia.com/; and Wake County Apartment Association- http://www.thewcaa.com.
In future posts we will deal with the entire range of issues and developments affecting property management in North Carolina, from the most basic issues to the most advanced. I hope to hear from you regarding questions you may have or things that have happened to you that you think other readers will benefit from.
Subscribe to:
Posts (Atom)