Successful Rental Property ROI Starts with a Plan

You can consistently increase your rental property ROI – if you have a good strategy. The key is to include a plan for keeping your tenants long-term. This aspect, while often overlooked, is directly correlated to your rental property ROI success.

For as long as I can remember, I’ve had two deep passions that have really dictated the decisions that I make and therefore the direction my life has taken: sales and travel. 

I’ve been a saleswoman my whole life, beginning as a teenage entrepreneur when I took over running my family’s bar in Wisconsin. Then again when I moved to Florida to run my Door to Door Sales business. 8 Years later, I discovered the power of real estate investing. I jumped right in and got out of my crazy door to door sales company. 

What an amazing year it has been – with only one more month to get our act together and make a final stab at fulfilling those personal promises we make in January.

I just returned yesterday with thirteen generous people from a trip to Belize, where I had the experience of giving away 280 new wheelchairs for use in the Jungle as well as in Belize City.  Changing people’s lives one chair at a time has been a rewarding time for our employees, donors, and many of our clients as well.  Our charity and 501(c)(3), Chair the Love, has given away over 3,000 chairs in the past two-and-a-half years and is accelerating thanks to many of you.

Did you know that partnering your IRA funds to invest is one way you can acquire assets with limited funds?

After attending Planning for Prosperity, it is clear that a lot of investors are looking for alternatives to the stock and bond market. Most of those investors are looking for passive investment opportunities in the real estate market.

As an author, podcaster and active blogger, I have consistently been studying and writing about the real estate and real estate finance industry for 9 years. All of my research indicates that there are the two opportunities passive investors who want high returns with low risk should have in their portfolio. Both of these investment opportunities are in the financial instruments of the real estate industry (real estate notes & mortgages).

As a former banker, 22 years to be precise, I thought I knew about self-direction because mid-career my employer plan effectively disappeared, and I was told I could manage my own retirement accounts.  I could even do it in real time online.  I was pretty astute, so I thought, and began trading stocks and mutual funds for the first time in my life.

Not many people have had the chance to hear about my favorite charity, Chair the Love – a 501(c)3 that helps provide wheelchairs and other mobility related items and services to those in need in Central Florida and throughout the world. Every year, Chair the Love hosts their Chair the Love Dinner and Auction to raise money for their cause. Normally, I volunteer at the event, but today, I got to attend as a guest – lucky me!  

I walked through the doors of the Maitland Civic Center, and was immediately greeted by smiling volunteers, helping me down the registration line. They made checking in simple and quick! The registration process was seamless – it even included a way to cast my auction bid through my cell phone – a convenient 21^st century touch!