One of the most underutilized resources in Fort Wayne real estate investing is to leverage your neighborhood. And your neighbors as your source for referrals and information. Hear the story of how a Fort Wayne property manager’s mistake that led him to stumble on the technique called ‘The House Next Door’ strategy.
When you’re buying a home to live in it can be about location, location, location; for real estate investors it’s about Real- ationships.
In this Insider Interview™ Scott FladHammer discusses this uncommon strategy with longtime Fort Wayne real estate investing pro and property manager Jeff Vaughan. As Scott FladHammer points out, “Communication is not about what’s said it’s about what’s heard” to which Jeff added, “it’s also about what’s felt.”
“I can make money in any area. The whole ‘location, location, location’ mantra is for the media reporters to recite. What is not so easy to master and apply is the fact that real estate investing is about Real- ationships.
This ‘House Next Door’ strategy of leveraging relationships fits nicely into a professional business model. And it can be delegated to property managers and assistants.”
– Scott FladHammer
IN THIS INSIDER INTERVIEW YOU’LL LEARN:
- to employ this tactic in real estate investing and property management
- Get the low down on a property you are considering buying
- How to use ’embedded agents’ to spy on your tenants
- Real life example in commercial real estate
Little-known Real Estate Investment Strategy for an Edge in Real Estate
Beginner to Advanced
FEATURING JEFF VAUGHAN
Jeff has been a Realtor since 1985. Starting with winning Rookie of the Year he immediately demonstrated his skill in the Fort Wayne real estate market. Jeff was the President of the Realtors in 1996 and guided the Realtor Association through many growth periods. He was an integral part of the Tenant-Landlord negotiations with the city of Fort Wayne and Neighborhood Code Enforcement.
Jeff was the 1997 Realtor of the Year and has achieved many other awards in his 25 year career. Jeff started managing his own properties in 1990 and expanded that to other owners in 1993. At times he would have as many as 85 houses under his property management company. He has helped approximately 60 different owners and has had about 600 tenants. In his last 4 years as a property manager he billed 2,198,000 million in total rents and collected 2,190,000. He also had a 99.46% occupancy rate and an average rent of $787. He sold his property management business in 2009.
In addition to connecting with Jeff in the Member Directory and at the Fort Wayne REIA meetings you can see Jeff Vaughan’s LIVE Main Event™ training on how to determine Indiana Investment Property ROI
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