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How much money do I need to get started?

November 3, 2016
Don’t you wish there was a button that you could just press to get started? Would you believe me if I told you we have one? In fact, here’s the button, just click on it, read about our Realtor Chloe, and then give her a call! That’s the first step, and I promise it’ll be easy to go from there!
Get Started
If you’re not clicking on the button just yet but want to learn more about what it takes, I’m going to try and lay out more of the roadmap for you. One of the main questions I get asked by those that have the desire to get started investing in Real Estate, is how much money do they need to buy their first property. This is an excellent question and probably one of the most important! The answer to this question really depends on where you are in life such as where you live now, whether you currently rent or own, and if you have a desire to move residences or not.

Where you live matters quite a bit since a house in Long Beach, California will cost you roughly six times the amount that same house will cost you in Rising Sun, Indiana! But if you live in Rising Sun, then this is great news for you! It means you will probably need six times less money to get started down your Real Estate Investing career! For the context of this article, I’m going to speak as though you live in Long Beach, Ca since its where Beach Cities Management resides.

Another assumption I’m going to make with this is that you currently rent and will be a first time buyer. This just helps give everyone a starting platform and we can jump off from there! So you’re paying rent and being an excellent tenant in all ways for another landlord. That’s great! (For that landlord 🙂 But consider this: What if you were your landlord from now on? I bet you’ll be your best tenant and always pay your rent on-time and take good care of your own place, right? So that would be step number two: Buy an affordable residence that you can live in and the monthly costs are close to what you currently pay in rent!


Notice I didn’t say to buy your dream house!  This purchase is a stepping stone and the goals is to replace your current rental.  In fact, the best advise I can give you on this is to let your Realtor Chloe pick out her top 3 choices for you based on the wants and needs list she’ll ask of you, and to choose from these three which one will be best for you!  We want to keep this process simple, so having an experienced Realtor that works closely with investors and specializes on buying and selling investment properties, it’ll guarantee you it’ll make your first purchase a great property to convert into a rental down the road!

But how much money do I need to get started???  In a definitive answer, $6,000.00.  This amount gives you the ability to purchase a property that sells for $150,000.00. So if you’re serious about starting your Real Estate Investing career and working towards creating enough passive income to not have to go to a J-O-B anymore, take the first step and let us help you get there!  Every step after the first gets easier and easier.


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By Dustin Edwards January 17, 2025
A new year is a new chance to start new ideas to bring in prospects to your property. Consider the following 5 ideas to engage prospects and get new tenants.
By Dustin Edwards January 10, 2025
Having clear communication with your tenant is essential for maintaining a healthy landlord-tenant relationship. By being transparent in all relevant interactions, landlords can prevent misunderstandings while resolving repairs and disputes efficiently while improving tenant satisfaction. Having good communication with your tenant is beneficial for landlords too. Effective communication also protects your investment property. Remember that while your tenant is living in the property, landlords need to take care of the repairs. Below are the three best things to do during tenant communications. Prompt Responses Addressing tenant concerns quickly is essential for building trust and maintaining a positive relationship. Tenants feel valued when landlords respond quickly, knowing that their needs are being prioritized. Building this trust not only enhances your tenant’s satisfaction it lowers the possibility of conflicts or misunderstandings to arise. This ultimately creates a healthy and successful rental experience for you and your tenant. Some of the most common inquiries will oftentimes include repair requests, among others. As an example; if your tenant reports a leak under their faucet and the repair is delayed, this can be damaging to your landlord-tenant relationship, as well as your property. If left ignored, that leak can result in hundreds of dollars in water damage and a vacancy . Which can further affect our bottom line negatively. For landlords with multiple properties, this can become difficult to keep track of. A property manager can help with scheduling repairs and communicating with your tenant on your behalf. Document Everything Keeping a detailed record of all interactions with your tenant is an important element when managing a property. There are many choices for documentation including email, text, or written notices. Although many property management companies and landlords have opted to use apps or dedicated tenant portals to log communications. A great example, for instance, a tenant may claim they’d reported a repair issue that was never addressed, if everything is to be documented, both you and the tenant would have a copy of the request. Maintaining transparency with tenants. Having thorough documentation ensures agreements and requests between all parties are clearly tracked. Documenting communications with your tenant provides landlords with a foundation for addressing misunderstandings, or disputes if and when they arise. Provide Regular Updates Regular updates show tenants that their landlord is organized and has an attentive approach to managing their property. Giving tenants ample time for maintenance, inspections or policy changes is a simple way to build trust with your tenants while showing your professionalism. Giving tenants advanced notices reassures them that you’re aware of how changes can affect them and you understand that time might be needed in order to adjust. Surprises are best kept for birthday parties. Proactively notifying tenants of changes helps clear the communication channels and minimizes disruptions which helps tenants feel valued and satisfied. These small yet consistent efforts can contribute to a positive tenant stay, which can encourage lease renewals and long-term tenancy. Additionally, having a good relationship with your tenants can give you a great reputation which can provide you with leads when looking to fill a vacancy . It cannot be understated the importance of communication for a healthy landlord-tenant relationship. Even if your tenant may not agree with some of the decisions a landlord needs to make, by giving your tenants ample time to process the change tenants generally are more accepting of said change. If you’re having trouble communicating with your tenants or if you need help managing Beach City rental property, we invite you to call us today at (562) 888-0247 or complete our Owner Application online .
By Dustin Edwards January 2, 2025
Keeping tenants safe, translates to happy and long-term tenants. Read to discover 5 Inexpensive ways to keep your tenants safe.
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