As a young man, I first heard the saying “A quick nickel is better than a slow dime, anytime,” from a used car salesman. Initially, it puzzled me, but it seemed like an important concept to grasp. He broke it down for me: he preferred making $500 every day on a negotiated sale rather than $1000 once a week by strictly adhering to his price. Reflecting on his words, I realize he was essentially discussing cash flow.
Applying Cash Flow Concepts to Rental Real Estate
Robert Kiyosaki, the author of Rich Dad Poor Dad and the Cash Flow Quadrant, has stated that an investor seeks avenues where their money can work profitably. This raises the question: Is your vacant property—essentially, your money—generating cash flow, or are you fixated on a rental rate beyond what the market dictates? Holding out for a tenant willing to meet your price, rather than adjusting to market value, can lead to lost revenue. Prospective tenants, like all consumers, recognize value and aim to make the most of their money.
Our Comprehensive Rental Services
If you’re in need of a rental rate analysis, consistent multi-media marketing, and a proven placement system, we’re here to help. Our goal is to earn your business through our array of services, including:
- Multi-Media Marketing
- Tenant Screening
- Agent-Assisted Showings
- Rent Collection
- 24 Hr Maintenance Monitoring
- Property and Project Management
- Eviction Services
- Financial Reporting
- Free Lease Renewal
- Six Month Lease Guarantee
- Realty Listing Services
- Buyer Agent Representation
