Good Neighbors Make For Cheap Insurance – Post 10
Mitch Goldstein | Coach Mitch | May 5th, 2007
Coach Mitch’s REFLECTIONS™
It is always smart to have a good relationship with your neighbors.
This is very true for your personal residence. But, it is especially true to befriend the neighbors of your rentals. They can be called upon to protect your interests and theirs.
A neighbor will be on the lookout for you and for themselves. Neighbors will give you information about the area before you buy, they will help you market the home and they can be your watchdog after you own. They want their neighbor, your tenant, to be a good neighbor to them. If your tenant is not a good neighbor, it could be a sure sign that you will have trouble with that tenant.
Have a “good neighbor policy.”
I always make it a point to meet the neighbors of a property that I own or control via option. I give them my telephone number with instructions to call at any hour if they think it necessary. I ask what kind of neighbors they want and say that I will try to find them. I ask if they have kids or grand kids that visit, and if so, I will try to find a family with kids, etc. I offer a $300 reward to them if they find a buyer. I try to be accommodating and they are appreciative.
A case in point
I was cleaning up a house that I had recently optioned. That is a story in itself for another time. A neighbor of the house I optioned works for the city. Just that fact alone makes him a good contact. He has appointed himself the neighborhood watchdog. He knows everything that is going on for at least two blocks around.
He saw me cleaning and informed me that I should call the city and complain that my garbage had not been picked up. He didn’t want the garbage people to bypass us again and leave the garbage on the side of the road. This was a nuisance to him, as I only came by once a week while the home was for sale. I said “OK, that’s a good idea.” which satisfied him.
Then he told me that the police had responded to a domestic situation at the house across the street. He knew that this was of interest to me because I had recently sold that particular house to the current occupants. It seemed that they were becoming the neighborhood troublemakers. He would continue to keep me informed, he said. I thanked him for watching out for all of us. He was pleased.
The current owner of that property had purchased the home from me for his troubled daughter. It seems she is continuing to give him trouble. I will stay on top of this situation.
I have sent the purchaser of my home and his wife a Christmas card and birthday cards. I had gotten the birth dates for the entire family from the 1003 mortgage loan document. Perhaps he will want to sell the home at some point. I would option the home for $1, and make a $10K profit by reselling and arranging for the financing. Thank you neighbor.
Going back six months
I had gotten a call from another neighbor. She says that she thinks she is hearing rushing water in the house that I was rehabbing. She wasn’t sure, but she thought that she would call me, just in case.
Of course, I rushed over! Sure enough, during the current cold snap, a pipe had burst in the wall of the upstairs bathroom. Water was gushing through the floor onto the newly sanded and refinished floor below and then the water was seeping into the basement where it was at least six inches deep.
Holy cow!! I turned off the water at the main, watched it drain and then assessed the damage. The wooden floors were buckling slightly and the ceiling in the dining room needed partial replacement. It could have been much worse. Thank you neighbor.
I turned the heat up, waited a few days, and thankfully, the floors unbuckled. I did not even need to call the insurance company as the ceiling replacement was not costly.
I can only imagine the damage that would have occurred if I had not prepared my good neighbor to be on the look out, had given her my phone number, and asked her to call me if necessary.
See Coach Mitch’s “Ridiculously Simple System…” ™ for details.
Like a good boy scout – be prepared.
|
Complimentary Report
10 Ways Coach Mitch's "Ridiculously Simple System..." Is An Extraordinarily Profitable Way To Invest
Ellis, you are Exciting Dear Coach Mitch,
I got the list of tax delinquent properties exactly how he explained to get it, and found the ones that didn't have any mortgages and not many liens.
I found one property I really wanted to pursue, so I drove by the house and saw it was vacant and talked to a neighbor sitting outside who had the owner’s number. I called the owner that night and asked what was her plan with the property. She signed the deed over to me for just a one dollar.
I started marketing the house that day and it was sold after two days on the market for $12,000 with me only investing one dollar.
The following week I found another property on the list of tax delinquent property that was vacant, up for auction and also free and clear of any mortgages with just a $600 lien on the property. I called the owner and asked what was her plans for the property. She stated she didn't want the property. I told the owner I would take full responsibility for the property. She asked what was in it for her? I said one hundred dollars and she agreed; I will be closing next week.
Coach Mitch’s program really works.
Ellis Davis St. Louis, Missouri
Ken – make it happen!
Hi Coach Mitch,
Thanks, that postcard template is a brilliant idea. The new strategy really puts us ahead of the curve. I can picture the seller thinking a developer has money and is willing to pay top dollar without any extensive haggle.
Yet, they most likely will still be willing to negotiate if need be. I really like your series of strategies to get the seller to lower the price if they get obstinate.
The new post card format and verbiage seems great. The sales message is very powerful.
That’s awesome work Coach Mitch!!!!
Best,
-Ken Barns, Oxnard, CA
TY Adam Coach Mitch,
This message is to say THANK YOU! Sincerely, I'm amazed by you. The time and energy you have invested in my personal growth goes far beyond anything I ever expected.
I've been wholesaling for nearly two years now and bought into so many programs by this point I couldn't even count them all. Coach, I love calling you Coach because that's what you truly are for me. I don't know if you realize this, but you just took a couple hours to role play with me and help me feel confident when talking with sellers!?!
Thank you for your commitment to my excellence in this business and as a person. It shines through in all that you do and all that you stand for. You're patient guidance through all this is changing my life, my family's life, and my new client's lives. I got into this business to do good and really make a difference for people. You are helping with an arsenal of tools for me to carry this forward. I briefly mention to other wholesaler friends what I'm doing, and no one has a clue and these are some big time guys.
What you're teaching me is a goldmine!!! Coach, thank you for guiding me through making my dreams a reality. I am a better person because I know you. You are a part of the solution. I am grateful.
ALL THE BEST!
Adam C. Stoker St. Louis MO
Delighted by Lynn
Working with and getting mentored by Coach Mitch has been a wonderful experience. I have learned so much about real estate from him, as he has such a wealth of knowledge.
He is always accessible whenever I have a question or need clarification of any sort. He is actually one of the most accessible coaches I've ever worked with. In addition, he is willing to work through various scenarios with you. I have to say some of the ideas he comes up with in our brainstorming sessions are the best!
I have become more confident in real estate and I know I have a business partner in Coach Mitch.
Lynn Lawson
Atlanta, Georgia
Juan, you’re great! I bought Mitch Goldstein 's Tax Lien Course two months ago and found his material very complete and very detail oriented.
His support was amazing. Any questions that I have, I just call him and got his response immediately. I have worked with several Real Estate Professional Coaches before and in addition to their high cost of the material they never have the time to support you.
Mitch has a well-deserved reputation for expertise, support, and professionalism in all stages of the Tax Lien/Tax Deed process.
Just to mention my last experience with him, he just spent 1 hour and a half explaining how to use my computer in a step by step process on how to find and analyze the information from the Hillsborough Court Clerk at Tampa Florida.
I would be very happy to recommend him to anyone interested in the Tax Liens and Tax Deed Investments. His in depth KNOW HOW and support, place him in an enviable position as a Real Estate Coach.
Juan Moises Mejia
Tampa, FL
WoW! Thanks a lot Jim Coach Mitch,
I like your style. Out of all the people I've listened to talk and all the people I've thought that were going to help me, you're the one. I just love your style. I loved your answers. The other night was the first time I ever heard you and I can't say it more. I was impressed with you. You had the answers.
I was nervous because I don't want to mess up the first call. But you said, "If you mess up the first one, don't worry about it, there are plenty more leads. If you mess up the first ten, don't worry about it, there are plenty more leads, thousands more." That's when I felt more relaxed.
I'm just so excited now. With everything I've been through, I feel I can make a turnaround with my life. I'm looking forward down the road and I just wanted to say - thank you.
Jim Misiora - Taylor, Michigan
Thank You Carl, see you at the top. Hello Coach,
Just wanted to thank you for being a responsible and stand-up guy. Since I first purchased your $1 option program, you have made yourself available to answer all my questions and concerns. You have gone over and above, in my opinion, to make sure that I stayed on point to accomplish my goals.
I will not hesitate to recommend you to anyone, at any time.
Thank you for the information you sent last night.
God Bless,
Carl Smith, Maryland
TY Jim – You’re great!. OK. I've been dealing with gurus and using their techniques. This is the first one that I am so excited about...especially the $1 Option.
If I may say so, I've never seen options explained like that. A $1 Option seems a little far fetched, but when I read this thing, I realize that it is as real as the telephone I have in my hand right now. This is a very good manual. This is a fantastic manual. It is powerful, very, very powerful.
James Harrison. - Phoenix, Arizona
excerpted from Post #3
Thanks James, you’re easy to work with. Dear Coach Mitch,
When I first heard you outline your “RIDICULOUSLY SIMPLE SYSTEM”, I was literally pacing my living room in excitement!
For years I have gone to several other seminars, bought all the tapes and even done boot camps only to have limited or no success. It seems like I was always missing something?
Well, this is exactly what I have been looking for. You are available to me one on one and your teaching style is engaging and informative. This education is worth every penny. I feel like all my past efforts were leading me to this point and I am confident that having my own personal coach will prove to be the best investment I could make!
Thanks for everything!
J. S Cocoa, FL.
Gloria, I’m glad you’re glad!
Hi Coach Mitch,
Thanks for the help I have received thus so far. I'm having a life-changing, God blessed experience since receiving your material on 10/24/13.
I didn't think I could comprehend the material because I truly know nothing about REI but, you explained the material in a plain and simple manner, like teaching A,B,C.........Z in a superb manner!
Thanks for sharing this whole new world with me. I am confident that it will have a dramatic affect in my life and the lifestyle and future of my family.
Thank - you Coach Mitch,
Gloria Karungi Detroit, MI
Right On Rick! Coach Mitch,
Just a quick note. Last night I came across some of your old newsletters. You are Really "On Top" Of Your Game...especially the one from October 14, 2008. What you were saying then...is today's news Now! You might enjoy going back and looking over it again yourself.
Your friend
Rick Ward in Lubbock Texas
|
Leave a Reply