Who Wants to Be a Millionaire?
You, of course. Lots of people have become real estate investors since the housing bubble collapse of 2007-2012. Maybe you are one of them. Or maybe you’ve just recently decided to rent your house out because your co-worker was advising everyone to call him “The Donald” after he found a tenant to fork over $2,500 per month for his Lo-Hi condo. Face it, the Denver real estate market is on fire and you want to be part of it. You jump in.
February 1, 8:00 a.m.
Your boss graciously gave you the morning off so you could meet your new tenant at your rental property for the move in. After sitting in I-25 traffic for 20 minutes longer than expected you find your new tenant sitting on your porch with his five buddies he bribed with pizza and beer to help with the move. You fork over the keys and speed back to work. “I’m sure it will be fine,” you say to yourself. “That Craigslist ad certainly screened out all the psychos.”
February 7, 12:30 p.m.
After cashing the rent check you begin thinking about your next big real estate purchase. “This isn’t so bad,” you say to yourself. You begin a nightly ritual of looking at every listing on Zillow.com to find your next deal. So far so good.
February 15, 11:00 p.m.
You can’t sleep since your old neighbor called you and said something about five cars in the driveway of your rental and dogs barking incessantly. “Dogs?” you ask yourself. “I don’t remember discussing dogs.”
February 28, 3:30 p.m.
The tenant calls for the third time asking you about the furnace and if it will be serviced since the weird noise is getting worse. You decide that you’ve had it. You need to hire a property manager to handle this before you go Cam Newton.
March 9, 1:50 p.m.
You receive a call from your property manager on the way to your next meeting. “This is just a courtesy call letting you know that you will receive a direct deposit tomorrow and the furnace is fixed. Oh, and the tenant is happy and said they are really enjoying the place. Have a nice day.”
Conclusion
The Donald doesn’t manage any of his properties and neither should you. Call HighPoint Property Management today and start your journey of becoming a millionaire.