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Online Real Estate and Property Investing Courses, Seminars and Training
You don’t need a degree or to be a guru to be successful in property investing. You just need to know how real estate investing works and what are the rules. We give you all that. All the information investors would have loved to have before this last downturn.
Campus makes it possible for you to learn about property from the comfort of your office or home computer, anywhere, anytime, at your own pace.
Most property investing courses and workshops are now "Instant Access" and some scheduled throughout the year for your convenience. Seats are though limited for each course due to licensing of software. Make sure you book your courses well in advance to avoid disappointment.
With the purchase of any property investing course you get free one year access to Property Investor Network Forum.
For pricing visit the Property Investor Network Shop .
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Second Step: Eliminating Potential Bad Tenants - Know Your Market |
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Now that you hopefully are thinking in a balanced way and want to let your property successfully and avoid potentially bad tenants, you need to go out and let your property. Here is the first step to consider.....
The first thing you need to do, is research your market. You may ask, how does this avoid eliminating bad tenants?
Simple, once you know your market you will also know more about the
type of tenants that are attracted to that market and so have a better
understanding of what you are dealing with. This is very important to
keep in mind when you start getting to the applications.
If you are letting out a property in a very up-market area, it makes
sense that you will need a person with a certain income level capable
of paying that kind of rent and in your checks you will identify if you
are dealing with the right person or maybe just a person that may end
up as a bad client in the long run, leaving you with debts.
In a different market, such as low-income areas, you will take a very different view of applications.
So, second step is to know your area. I’m assuming that if you bought
in an area, you more or less know something about it.
Now it is
time to do rental research and if you are in a complex even ask a few
of the other owners that are letting. Ask of their experiences – you will
learn a lot just from this simple exercise. It costs nothing to ask a
few owners, who have been letting for a while, what kind of tenants
they got over the years and what they learnt from that experience. You
can do the same research with a few local letting agents.
Second reason to know your area is because of a simple rule that the
rent has to be market related. In the Letting Workshop we teach about
market related prices and why a tenant can take an investor to the
rental tribunal if the rent is not market related, as it may be too
high. The tribunal can actually force an investor to reduce rent, if
the rent is not market related. This is to be avoided of course.
Third reason why you need to know your market is in the event that you
want to, or will need to, outsource to a letting agent. That is a more
advanced step for some, but knowing your market is essential for many
more reasons other than just those issues.
In summary, your second step to successful and profitable letting,
while avoiding bad potential customers, in this case tenants - is to
learn about your market. This could be more than one market if you have
more than one property.
In the next post we will be talking about the MOST IMPORTANT step in
this process, the Third Step in Eliminating Potential Bad Tenants.
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Questions or Support
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Call Us on (087) 5500 873
Student Reviews
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Thank you for the Calculating Residential Investment Deals course. I found it helpful and informative. I would recommend it not only to beginners but also to experienced Estate Agents. Although I have many years of business experience and I was expecting the course to be basic and not worth the time and effort, categorically I was wrong, the basics were refreshing and well worth the time spent, but there were many ideas that where new to me. I am looking forward to continuing my education at the first opportunity. Bernard - Stilfontein |
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I found this online course very helpful. I am now much more comfortabile with terms like balance sheet, etc. The feasibility calculator is a wonderful tool to compare potential deals, and to realise what information is important when evaluating the purchase of a property. I now understand for the first time the relevance of research on certain criteria, what these criteria all are, and the importance of accurate information, before a decision can be made regarding the potential of the property deal. Pierre vd Berg - Heidelberg, Western Cape Province |
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I would like to thank you so much for putting this course together and making it available to the public. I have been selling property for a number of years and I still learnt so much from this course! It is invaluable. I highly recommend any Estate Agent to take this course to enhance their property knowledge even further. Gina Hamlyn (Property Broker) - GINA HAMLYN PROPERTIES, KZN |
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When I started the Calculating Residential Deals course I started with a mind set that the only good investment is one that has capital growth. The course has clearly shown me how over many years how a property is really an investment and can make me and my children money if I keep it for long term. Needless to say I am now restructuring my strategies completely. John Deutsch - DBN. |
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As a matter of fact ... of the 3 places where we've used the new
contract and new practices that we were taught, we have yet to receive
a late payment (or non-payment) on the rent or experience any problems
with the tenants. - Eugené L. Pienaar - JHB
My partner and I attended the PIN Investor Letting Workshop in Feb 2008 with no expectations as we already considered ourselves to be rather knowledgeable in the art of letting property. We have a few properties on our books and have been using standard contracts and 'gut feel' screening to place tenants and manage the properties. Needless to say, we were in for quite a surprise on the day.
Within the first 15 minutes, we realized that we had better start taking some notes as we clearly had LOTS to learn. We started the session going through the legalities of renting properties out ... I was amazed at how many things I did not know pertaining to both landlord as well as tenant privileges. It was not long into this session that we also found out that the advice we have received from other guru's in the property market would see us lands us in trouble if followed and done in the matter they advocate.
Karen and Sean then shared some 'nuggets of wisdom' on how to find and screen the right tenants, how to manage them and how to evict them legally if they become non-performing tenants. We received some key contact information and most of all - we were given AND taken through (step-by-step) a legally sound contract for residential letting that favors the landlord and empowers him to deal with all types of issues.
We walked out of the seminar feeling that it was money well spent and have recommended it to our friends that are currently dabbling in property investment. We then sat down and went through our letting agencies methods, contracts and administration. We ended up giving them notice as we felt (after discussions with them) that we were better equipped to handle the letting process than they were. I was, in fact, getting a huge kick informing them of issues that they were not aware of.
As a matter of fact ... of the 3 places where we've used the new contract and new practices that we were taught, we have yet to receive a late payment (or non-payment) on the rent or experience any problems with the tenants.
I can recommend this course as the one course you MUST do before renting out your own or someone else's property (rental agents ... take note!). It is money well spent and the support received from Sean and Karen on the PIN forums after the course rounds off the total package rather nicely. All queries were answered within 24 hours (or less!). Well done Sean and Karen. Keep up the good work and keep the education coming!". Eugené L. Pienaar - JHB
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I did the initial Calculating Residential Deals workshop and refreshed my knowledge with the online course. The course was well presented and the course materials up to date and informative. It eased me into understanding the key financials behind decision I had been making instinctively. Upon completion of this course, I now knew not just which numbers to calculate or how to calculate them, but more importantly, I knew how to read and understand them. This basically gives the rounding off to your gut feeling when deciding to buy an investment property or not. We often hear people say that you need to fall in love with the numbers/financials of an investment and not the unit itself ... well, without this course I would not have been able to do so. I am now able to make sound financial investment decisions as I actually understand what I need to look for or where I need to change my offer to ensure a desired outcome. Probably the most important part of all of this is the fact that my understanding of the numbers/financials now give me an opportunity to put together a much better request for finance document for the banks than I could previously do. Once you can show a bank, in their own language, why something is a sound investment, you won't struggle as hard to get financing and support. All in all, I think it the course was value for money, filled with good content and ultimately, and a necessity for any property investor. Eugene Pienaar - JHB |
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