Comments for Mike's Apartment Blog http://www.cabalinvestments.com/blog Making Moolah in Multi-family Fri, 06 Jan 2012 21:25:50 +0000 hourly 1 http://wordpress.org/?v=3.3.1 Comment on Dealing with Banks by Newbie http://www.cabalinvestments.com/blog/?p=314&cpage=1#comment-160 Newbie Fri, 06 Jan 2012 21:25:50 +0000 http://www.cabalinvestments.com/blog/?p=314#comment-160 waiting eagerly to hear about your bank experiences. also, can you dedicate a blog post to the dissection of a fully completely deal. that is, details on the property, how you chose it, what were the risks, then costs of rehab and getting to occupancy, and then how you sold it and what the overall profit was. waiting eagerly to hear about your bank experiences. also, can you dedicate a blog post to the dissection of a fully completely deal. that is, details on the property, how you chose it, what were the risks, then costs of rehab and getting to occupancy, and then how you sold it and what the overall profit was.

]]> Comment on Don’t let the Bed Bugs bite… by Change is Good | Mike’s Apartment Blog http://www.cabalinvestments.com/blog/?p=268&cpage=1#comment-136 Change is Good | Mike’s Apartment Blog Mon, 28 Nov 2011 07:37:03 +0000 http://www.cabalinvestments.com/blog/?p=268#comment-136 [...] softened rents, increased vacancies, etc.  We were working through this issue when we ran into bed bugs!  Ugh… this spread quickly and we were not made aware of this until we had multiple units [...] [...] softened rents, increased vacancies, etc.  We were working through this issue when we ran into bed bugs!  Ugh… this spread quickly and we were not made aware of this until we had multiple units [...]

]]> Comment on Paying Rent Online by Mike http://www.cabalinvestments.com/blog/?p=328&cpage=1#comment-135 Mike Sun, 27 Nov 2011 17:09:36 +0000 http://www.cabalinvestments.com/blog/?p=328#comment-135 Very interesting payment option. The issue that one may encounter is familiarity with the merchant system. Bitcoin is not as well-known, still in development (rev .5), and lacks the security online customers require. It may be hard to both get a tenant to pay online as well as use an unknown payment service. Very interesting payment option. The issue that one may encounter is familiarity with the merchant system. Bitcoin is not as well-known, still in development (rev .5), and lacks the security online customers require. It may be hard to both get a tenant to pay online as well as use an unknown payment service.

]]> Comment on Paying Rent Online by Anony Mouse http://www.cabalinvestments.com/blog/?p=328&cpage=1#comment-130 Anony Mouse Mon, 21 Nov 2011 11:19:26 +0000 http://www.cabalinvestments.com/blog/?p=328#comment-130 PayPal transactions paid for by credit card can be reversed months after the transaction. With Dwolla there is a lesser chance of a reversal but that is still possible for instance if it was discovered (again, even months later) that the funds came from a stolen bank account. Bitcoin is an online payment system featuring non-reversible payments. When receiving bitcoins as payment, the funds can be sold at an exchange for USDs and then withdrawn using Dwolla or via ACH to a bank account. Those outside are served as well as there are exchanges where one can convert bitcoin into over two dozen different currencies, such as the Euro, Yen, Brazilian Real, Ruble, Renmimbi, and more. PayPal transactions paid for by credit card can be reversed months after the transaction. With Dwolla there is a lesser chance of a reversal but that is still possible for instance if it was discovered (again, even months later) that the funds came from a stolen bank account.

Bitcoin is an online payment system featuring non-reversible payments. When receiving bitcoins as payment, the funds can be sold at an exchange for USDs and then withdrawn using Dwolla or via ACH to a bank account. Those outside are served as well as there are exchanges where one can convert bitcoin into over two dozen different currencies, such as the Euro, Yen, Brazilian Real, Ruble, Renmimbi, and more.

]]> Comment on Drinkbonds: Derivatives Explained by Nemat http://www.cabalinvestments.com/blog/?p=145&cpage=1#comment-120 Nemat Thu, 21 Apr 2011 03:57:01 +0000 http://www.cabalinvestments.com/blog/?p=145#comment-120 Dear Mike, It is marvelous explanation of the USA government handling with economic crisis. But I'm sure that you can explain the similar way the Maydoff business. Can you imagine, for decades no one suspected about his Ponzi schemes. With best regards Prof. Nemat Akmalov Dear Mike,
It is marvelous explanation of the USA government handling with economic crisis. But I’m sure that you can explain the similar way the Maydoff business. Can you imagine, for decades no one suspected about his Ponzi schemes. With best regards
Prof. Nemat Akmalov

]]> Comment on The Game by apartments in fort collins http://www.cabalinvestments.com/blog/?p=252&cpage=1#comment-119 apartments in fort collins Thu, 17 Feb 2011 04:09:09 +0000 http://www.cabalinvestments.com/blog/?p=252#comment-119 Very interesting that you say "cash is king". you are right in saying that it is not completely true. you can do a bunch of low cost deals and make more money because the other guy did only one or two big cash deals. Very interesting that you say “cash is king”. you are right in saying that it is not completely true. you can do a bunch of low cost deals and make more money because the other guy did only one or two big cash deals.

]]> Comment on Recent Updates by Matthew http://www.cabalinvestments.com/blog/?p=235&cpage=1#comment-107 Matthew Sun, 11 Oct 2009 09:50:27 +0000 http://www.cabalinvestments.com/blog/?p=235#comment-107 Thanks for the blog, interesting following your apartment hunt! Thanks for the blog, interesting following your apartment hunt!

]]> Comment on The Value of a Business Plan by Allen Taylor http://www.cabalinvestments.com/blog/?p=188&cpage=1#comment-25 Allen Taylor Fri, 29 May 2009 19:45:42 +0000 http://www.cabalinvestments.com/blog/?p=188#comment-25 Nice writing. You are on my RSS reader now so I can read more from you down the road. Allen Taylor Nice writing. You are on my RSS reader now so I can read more from you down the road.

Allen Taylor

]]> Comment on Who ARE these people? Season 1, Episode 2 by Mike http://www.cabalinvestments.com/blog/?p=118&cpage=1#comment-7 Mike Tue, 12 May 2009 02:26:38 +0000 http://www.cabalinvestments.com/NewVer/Wordpress/?p=118#comment-7 There are some tenants who just expect too much. Likewise, there are some landlords who do too. Best bet is to not be either one of those people. Communication is our friend and I have found most people are reasonable out there. If you just explain your situation and position, folks will usually understand and try to accomodate you. However, you have to be accomodating as well. As for your trouble tenants, cut em loose. One ratio of investing folks forget is <strong>headache per dollar </strong>- you want this ratio to be as low as possible if you are going to grow your business! :) There are some tenants who just expect too much. Likewise, there are some landlords who do too. Best bet is to not be either one of those people. Communication is our friend and I have found most people are reasonable out there. If you just explain your situation and position, folks will usually understand and try to accomodate you. However, you have to be accomodating as well.

As for your trouble tenants, cut em loose. One ratio of investing folks forget is headache per dollar - you want this ratio to be as low as possible if you are going to grow your business! :)

]]> Comment on Who ARE these people? Season 1, Episode 2 by LazyAmericano http://www.cabalinvestments.com/blog/?p=118&cpage=1#comment-6 LazyAmericano Mon, 11 May 2009 01:28:23 +0000 http://www.cabalinvestments.com/NewVer/Wordpress/?p=118#comment-6 Mike, I had an issue like this with a tennant at our mobile home court. They were constant complainers and always late on their rent. I finally had it with them and issued them a 3 day notice to pay or vacate. They responded by calling the EPA complaining that the water was making them sick. He relayed this to me with a smile. We had the EPA come out and got a free water quality test out of it and we were fine. I am now preparing for a court date with this tennant. Still hasn't paid the rent. Lesson learned it to get rid of problem tennant as soon as possible with out delaying. Will cost you less in the long run. Mike,
I had an issue like this with a tennant at our mobile home court. They were constant complainers and always late on their rent. I finally had it with them and issued them a 3 day notice to pay or vacate. They responded by calling the EPA complaining that the water was making them sick. He relayed this to me with a smile. We had the EPA come out and got a free water quality test out of it and we were fine. I am now preparing for a court date with this tennant. Still hasn’t paid the rent. Lesson learned it to get rid of problem tennant as soon as possible with out delaying. Will cost you less in the long run.

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