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Property Education

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 .

Second Step: Eliminating Potential Bad Tenants - Know Your Market

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.

Comments
Add NewSearch
Anna Mari - Up market letting   | 198.54.202.xxx | 2008-04-10 02:44:54
It is very true about markets. I have noticed in more up market properties to be careful. Some tenants that apply I can clearly see they live beyond their means and I don't approve them because sooner or later they won't be able to pay the rent. It is just a question of when not if. I noticed this a lot in rentals over 8K. Also I noticed in up market that tenants are usually want shorter leases because they can afford bond but waiting to find right house or maybe sold their house need a temporary place until they finish building a new one, situations more like this and not so such much long term leases.
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Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved.





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Student Reviews

I found the rental workshop very informative. I am a registered real estate agent with a franchise group and I was amazed how many legally protective clauses were inserted in your agreement. I have used many rental agreements before and not one of these agreements was adequate in this respect. Karen I find your agreement 100 % complete and your knowledge on the subject is unsurpassable. Your lease agreement is in daily use in my property rental portfolio. Thank you. Alex Nicolaou - Registered Estate agent in Edenvale.

 

I consider this course to be, easy to understand and to the point. Everyone should know this information when considering buying property. The information in the course is vitally important for any property investor, whether it is your own home or property for investment purposes. The voice used is clear and easy to follow. Okkie van Greunen - JHB





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What I derived from the course was the interaction with the other course participants, which one can learn from and also network with in the future. The course itself is an eye opener especially if you want to run with the letting process from start to finish yourself. The legal aspects I found very much as the most important part of the course.

The detail of the course also spells what to do on a step-by-step basis to reduce the letting process risk to a minimum though there is no guarantee that your investment will be looked after by the tenants. Ideas on where the letting market is and how to go about dealing with your tenant, was also of great value. The course however needed more time in order to digest the nutritional value of the workshop. Keep up the good work. -  Ebrahiem Kammies

 

 

The letting workshop had double value for me, both as a landlord and as a tenent.. I am now making use of a rental agent with houses I am renting out in Bellville and Swellendam (W.Cape). Your lease agreement is excellent, and gave me a lot of confidence to continue the process without a rental agent.

On the other hand, I was also renting myself, a farmhouse in the Heidelberg (W.Cape) district. After all the practical information I learnt in the letting workshop, I realised that my landlord was trying to take me for a ride. With the information I was able to confront him with legitimate and up to date information - on which he had no answer, and lost his "case" against me. - Pierre van Den Berg

 

Having recently completed the above course at home, I enjoyed being able to do the course at one's own pace. The audio and visual impact of the presentation was effective, improving my concentration. Manipulation of the variables entered as lumpsums and additional monthly payments was most insightful. Generally there were many useful tips and facts given by the tutor and this was also enlightening and helpful. Richard Fouracres - Ladysmith KZN





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Anyone who seeks to venture into the world of property investing should definitely not miss the opportunity to register for the ‘Calculating Residential Investment Course ‘ . Wow what a learning curve for me . I thoroughly enjoyed  the examples used – which were so practical -and the various scenarios presented in every example and how that impacted on a particular investment . To go along with that the inside info provided was great . It certainly opened my eyes wide open and also the confidence as to what I need to know , ask and look for in a particular investment deal . Thanx for a great course . Demitri Giannais - JHB





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