![]() When I suggested there might be a reason for the roots being in the pipes, no one was interested in thinking about, or talking about it. Now, I’ve read Chris Clothier’s book, and this is totally counter to his principles, so I was really surprised. ![]() It felt like I was there only to pay the bills, but should have no interest in the property. However, getting all that information was like pulling teeth. I gave the approval immediately, recognizing that I wanted to inconvenience the tenant as little as possible because they are the true commodity, and it was repaired promptly. When I queried, it turned out the plumber had just been there again, and discovered roots in the pipes, which definitely required owner approval because it was a $1000+ charge. Not in the moment, and not for approval, but for awareness so I knew they were on top of the problem, and not to be surprised (like I was) when the bill came. In my mind multiple plumber visits should have warranted a call. The idea being that if there’s a major issue, the owner would be notified. While this is technically correct, it is not in the spirit of the understanding. It turned out there had been a series of plumbing issues (all with the same toilet) that had required multiple plumber visits, each under the $400 limit so they didn’t notify me. Then I got a monthly deposit that was seriously light, like $500+, which I thought was odd since their policy is to get owner permission for any expenditures over $400. Things were good for about 10 months after that I was having my monthly check-ins, but there were no repairs/issues, so life was good. Chris said that when you own only a single property it’s either feast or famine, and I wanted more properties anyway. Things were going to go smoothly from here, I was sure. It took another 3 months, but we finally got another tenant in the property. I was surprised when the repairs then cost the full security deposit of $1375, but figured it wasn’t my money to begin with, so it wasn’t worth arguing about. That happens, I thought, they split up, no one’s fault, just bad luck. My initial tenant moved out after about 3 months. I was a little concerned about the fees, a full month’s rent for a new tenant placement, 10% of rent monthly, and a 15% markup on all repairs, but Chris said I was paying for great service, and I had gotten it so far. The team answered every question, was super responsive, and exactly as Chris had described an A+ company. It sounded perfect! After doing some research about it, I decided to give it a try, and bought my first property in Dallas TX. I was listening to the Bigger Pockets Podcast, and heard Chris Clothier talk about his company, Memphis Invest, and the concept of Turnkey Real Estate. I’ve always been interested in real estate, but the demands of the job, and my growing family didn’t leave time for it. I am in the Air Force and move every 2-3 years. "Study results show more than 90 percent of real estate professionals seek learning opportunities throughout the year.TLDR: Over the course of a 3-year relationship with Memphis Invest, I had multiple negative interactions and moved my portfolio to a different PM. "Our results indicate these real estate professionals view CE as an effective way to grow as individuals and move their careers forward," Sholly said. It also contains the opinions of study contributors on the importance of keeping skills sharp via continuing education courses, the study goes on to say. ![]() "Anonymously conducting the study eliminated any bias real estate professionals may have for OnCourse Learning."Īn easy-to-read infographic provides demographic information about the study participants, including age, level of education and type of real estate practice. "We reached out to working agents and brokers to determine how they obtain and use real estate CE, how often they avail themselves of educational opportunities and their networking habits," said Brian Sholly, executive vice president of real estate at OnCourse Learning. This anonymous study, which was conducted by a third party contracted by OnCourse Learning, is a barometer of where real estate professionals, new and old, should spend their time and money in terms of cultivating their careers, the release said. ![]() ![]() Real estate agents can see how their real estate continuing education habits compare to those of 1,100 peers who took part in an exclusive study, conducted by OnCourse Learning, about the importance of CE and networking. ![]()
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