Client Spotlight: Joseph Reeves

Red Team’s April Spotlight features: Joseph and Ginny Reeves.  Property Investors with a BIG vision!  Here’s their story!

Ginny and I wanted to start getting into investment property but had no idea where to start or how to manage it. Red Team became a perfect fit because they offer an honest, no hassle, full service solution for managing your properties. 

We heard horror stories about trying to manage a rental property. Having a management company takes away all the stress: they do all the background checks on potential tenants and have all the contacts necessary for any repairs. 

The staff at Red Team is extremely professional. They are quick to answer any questions or address any problems we have. 

There is no hassle. Red Team handles everything and we just sit back and relax.

We would love to help you too!  Contact us today.
Educating for REAL Greatness,
Red Team Real Estate and Property Management

Red Team Real Estate and Property Management was started in 2012 to focus on being the provider of quality service that has never been seen before in property management. Our approach is to serve our owners by providing professional, knowledgeable service with maximum value.

Ask the Expert: How can I best utilize my rental income for better, long term investing?

Answer: 

This month I told you about the 3 Simple Rules for a Profitable Purchase. {Click Here to View}. To supplement these simple steps, for a long and profitable investment, you should plan on setting aside a portion of your gross rental income for a “rainy day”. 

Every situation is different, seek advice on what number might be best for you. This includes regular maintenance, repairs and the downtime of vacancies. 



Have a question?  Let us help!  Click here to submit your question.

Educating for REAL Greatness,
Red Team Real Estate and Property Management

Red Team Real Estate and Property Management was started in 2012 to focus on being the provider of quality service that has never been seen before in property management. Our approach is to serve our owners by providing professional, knowledgeable service with maximum value.

3 Simple Rules for a Profitable Purchase

Avoiding the “Money Pit” when Buying Rental Properties

In the 1986 hit movie, The Money Pit, Tom Hanks and Shelley Long buy a country estate outside the city at a bargain price. It soon becomes apparent why…as the doors fall off their hinges, staircases come tumbling down and a bathtub falls through the floor. While the film is full of humor, I know many investors who can relate all-too-well with the comedic couple, but it’s no laughing matter.  
Save yourself the horrors of a money pit by following these 3 Simple Rules before investing in rental properties
Put Your Business Goggles On
After all, these homes aren’t for you so don’t judge them based on your personal preferences. Any property you buy has to make sense from a business perspective. Look for sensible, reasonably priced homes that would be appealing to your “dream” tenant.
Know Your Numbers

An error in analysis, whether it’s paying too much for a home or not budgeting for the ongoing costs of the property has caused many investors to see their asset become a liability. Know what you can afford and educate yourself on the costs associated with this type of investment. Just covering your loan isn’t going to cut it. It is not uncommon for a property to be vacant for several days before it is leased. Meanwhile the investor has to pay the mortgage, the taxes, the insurance, the cost of advertising and homeowner or condo association dues.
Always Over Budget

There is more to consider than your loan, property taxes and insurance. Make sure to budget for routine maintenance and other unforeseen expenses. After you’ve done your research, plan to add a little more money and time you think it will take. If you can still make money after these considerations, you probably have a great investment at hand.
Before I close, I’d like to share the GOLDEN RULE of real estate investing – education. Educate yourself before you put your family’s financial security on the line. Read books, sign up for information centered newsletters and look for local resources, where you’ll find speakers who cover everything from buying foreclosures to screening tenants. 
Educating for REAL Greatness,
Red Team Real Estate and Property Management

Red Team Real Estate and Property Management was started in 2012 to focus on being the provider of quality service that has never been seen before in property management. Our approach is to serve our owners by providing professional, knowledgeable service with maximum value.