|How To Create Massive Passive Income With Out Hassling
With A Single Tenant
The true goal of every investor should be to create as much massive passive income as soon
Passive income means just that, money that comes into your house month in/ month out
without you having to do a thing to get it. How can you accumulate massive passive income quickly?
Well, if you went out and bought a couple dozen single family houses and kept them, you
would create a decent income. Good but not great.
Its' going to take you a little time to find all of these deals and then you would have
to manage all of those tenants.
What if you put a couple dozen units in the same property? Then you would only have to
find one deal and then a few more to create a great passive income.
I know what youíre thinking. Oh no, not apartments! I donít want to deal with the tenant
hassles! And I agree with you, you shouldnít be dealing with any tenants, wouldnít it be better if
you could just sit back and collect checks while someone else deals with all of the management
Those people are called management companies and they make a living shielding investors
from the day to day management of their properties so you can go out and continue to do what you do
best, find more property and create more cash flow!
But arenít they expensive? Itís true that management companies are paid a percentage
of the gross collected rents, somewhere between 6% and 10%, though if you factor this cost into the
deal, as long as the property cash flows with these fees, youíve got yourself a winner!
Not only have you found a property that will get you one step closer to true freedom,
you donít have to hassle with a single tenant.
But donít the management companies nickel and dime all of your profits away? While it's
true that there are some bad management companies out there, you can be assured to find a good one
if you follow these simple steps.
Go to www.irem.com. Thatís the Institute For Real Estate Management, a great resource.
When there, go into the search box and search for a Certified Property Manager (CPM).
These are owners and managers who have taken time out of their busy schedule and taken
a series of required courses to improve their management knowledge and skills. Upon the completion
of these courses, they take a big test and then they are awarded the CPM designation.
These managers are the cream of the crop and these are the ones that you want to have
managing your properties. They will send you a summary report each month, telling you how the
property is performing and the only thing you have left to do is to go cash youíre checks while
youíre out finding more properties for your portfolio!
About the Author
David Lindahl, also known as the "Apartment King" has been successfully investing in
single family homes and apartments for the last eight years. He is the author of four popular, money
making home study courses
"Apartment House Riches",
"How To Estimate And Renovate House For Huge Profits" "Managing For Maximum
Profits" and "The Real Estate Investors Marketing Tool Kit". He can be reached at
email@example.com and www.rementor.com.
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