Tag Archives: Property Management

Alex Deacon’s Property Management Series: Frequently Asked Questions (Answered!)

DHREA 03/08/2018

 

In this episode, Alex Deacon answers some of the most frequently asked questions he receives regarding property management, and his company Mace Property Management. This conversation is great for novices and experts alike, and is packed with great information for other property managers and landlords!

 

Alex Deacon’s Real Estate Investing and Networking MeetUp is filling up fast! RSVP and guarantee your spot today!

Detailed Game plan from A-Z for your next Buy and Hold

Saturday, Aug 11, 2018, 10:00 AM

Hampton Inn Bridgeville
150 Old Pond Rd Bridgeville, pa

27 Members Attending

This is a great session for those who want to buy and hold. This will give you an idea of realistic expectations that you can count on for your current and your future investments. We will look at some of my current and past buy and hold properties and take a close look to see what mistakes and successes I had made and lets learn from those and com…

Check out this Meetup →

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

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Alex Deacon’s Property Management Series: Increase Value of a Rental Property!

DHREA 25/07/2018

 

 

Alex Deacon is back with his property management series, and in this episode, “The Deacon of Real Estate” is delivering tips to increase the value of your rental property! Alex discusses future value, current value, and current market value, and what improvements fall into which category! Don’t miss this highly informative session that can really improve your cash flow and steadily increase property value!

 

 

Be one of the first to get details on Alex Deacon’s August workshop! Click below to connect on MeetUp.com!

Alex Deacon Real Estate Networking Workshops

Carnegie, PA
470 Members

Learn investing from a local expert with a vast amount of experience in the Pittsburgh market. Alex started investing in 1993. We will review hands on examples, analysis, and …

Check out this Meetup Group →

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

 

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Alex Deacon’s Property Management Series: To Evict…Or Not To Evict!

DHREA 06/07/2018

 

Alex Deacon tells you the right (and wrong) times to evict an eviction worthy tenant. Can strong-arming ultimately cost YOU money? When are you being too soft on a tenant? Tune in for great tips from “The Deacon of Real Estate”!

Visit AlexDeacon.com!
For more information on MACE Property Management, visit PittsburghPropertyManagement.com!

 

 

Alex Deacon’s Real Estate Networking Workshop group is growing fast! Join today and network with close to 500 other investors!

Alex Deacon Real Estate Networking Workshops

Carnegie, PA
463 Members

Learn investing from a local expert with a vast amount of experience in the Pittsburgh market. Alex started investing in 1993. We will review hands on examples, analysis, and …

Check out this Meetup Group →

 

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

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Alex Deacon’s Property Management Series: What Property Management IS NOT!

DHREA 29/05/2018

 

 

In the latest installment of Alex Deacon’s Property Management Series, Alex Deacon discusses what Property Management IS NOT! Alex explains what limitations you should set with your Property Management company. Ideally, you must put yourself in your client’s shoes, and Alex gives his take on what you should be focusing on as a Property Manager.

 

Visit AlexDeacon.com!
For more information on MACE Property Management, visit PittsburghPropertyManagement.com!

 

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

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Get Caught Up On Alex Deacon’s Property Management Podcast Series!

DHREA 21/05/2018

 

“The Deacon of Real Estate” Alex Deacon has recorded over 2 hours of informative discussion regarding his company, MACE Property Management, and property management in general! Click through the six episodes below, or search on Apple Podcasts, Google Podcasts, Spreaker, YouTube, and many other podcasting services!

 

 

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

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Alex Deacon’s Property Management Series: Pricing Your Rental

DHREA 16/05/2018

 

In the newest installment of Alex Deacon’s Property Management Series, “The Deacon of Real Estate” breaks down factors that could influence the price of your rental, and ways to maximize your return in any situation!

Visit AlexDeacon.com!
For more information on MACE Property Management, visit PittsburghPropertyManagement.com!

 

 

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

Read More

Alex Deacon’s Property Management Series: Frequently Asked Questions

DHREA 01/05/2018

 

In this episode, Alex Deacon answers some of the most frequently asked questions he receives regarding property management, and his company Mace Property Management. This conversation is great for novices and experts alike, and is packed with great information for other property managers and landlords!

 

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

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Alex Deacon’s Sunday Special: It’s Not All About the Cash Flow!

DHREA 29/04/2018

(Editor’s Note: Connect with Alex Deacon on Bigger Pockets by clicking here!)

When you are just starting out, I will suggest it may be all about the cash flow. Especially if you are counting on this money to pay bills and survive. Sometimes, the real wealth comes to those who wait and can see the forest through the trees. Don’t get me wrong, cash flow is important, but not always the only thing to consider. A good example to use are three properties that I own.

1. A duplex I paid 90k for that has cash flowed for me very little the first 15 years. The loan was held by the owner and I borrowed the 10% I put down.  Essentially I put zero of my own money down. Now it is paid off and worth nearly 200k. I have owned it for 23 years. I wish I had purchased 10 more like it. It’s been vacant less than 1% of the time, and has been low on repairs. I also added value by building a garage 13 years ago and its been rented out for $150 a month for the entire time. The garage added $15,000 value to the property and cost me only $8,000 to build.

2. A nine unit property I bought for $250k in 2008 is now worth over $350k. I was able to put down only 15% and the owner held a second mortgage. During my ownership, I have actually lost on average $500 a year. Now my balance is under $100k and my net worth for this one building is $250k and climbing. I have my management staff handle most of the issues, repairs, and vacancies, and I am involved very little. 

3. I paid $205k in 2008 and it was worth about $240k at the time. I put down 20% and the loan was amortized over 15 years. It’s now worth $380k and my balance is around $70k. This property was cash flow neutral since ownership but will be paid off in less than 5 years.

As you can see, I bought quality and put down as little as zero money to buy at least one of these properties, and as much as 20% to buy another. In less than 5 years my net worth will most likely be over 1 million dollars, and these properties will also cash flow and be free and clear so I can now use that equity and re-invest. 

Now duplicate this scenario another 20-30 times, and in 20 plus years you are sitting on millions of equity and hundreds of thousands of dollars in rental income! Anyone can do this, but this doesn’t happen overnight and it takes lots of work with no reward. But if you don’t mind working, waiting, and being smart…your reward will come.

 

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

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Real Estate Investing w/ Alex Deacon: Get Caught Up!

DHREA 24/04/2018

 

“The Deacon of Real Estate” Alex Deacon has already recorded over 16 HOURS of original informative content! If you haven’t been listening, now is your chance to catch up! Alex uses his 25+ years of experience to deliver tips and suggestions from his own personal real estate investing and property management experiences. This free knowledge can be invaluable!

 

 

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

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Alex Deacon’s Monday Morning QB: Water Damage (Spend 30 Seconds and Prevent Thousands of Dollars of Damage)

DHREA 09/04/2018

(Editor’s Note: For all of Alex Deacon’s blogs, connect with him on Bigger Pockets!)

When you have a vacant property (ESPECIALLY in the winter), turn off the main water line next to the inside water meter. In the winter, the property should also be winterized and the water should not be turned back on until the property is occupied and the heat is on.

In the warmer months, it’s ok to turn the water on and off as you come and go, but always shut it off when you leave. This goes for contractors, tenants, yourself, property managers, etc. If the water is left on bad things can happen. For example, we had a toilet leak in two places in the past two months. One was a tenant who left for vacation and came back to a bit of a mess and the other was a vacant property. In both cases the toilets were running and for some reason they also leaked and caused some damage. I know this sounds simplistic but this one little tip could save you a lot of money somewhere down the road and is and easy preventive action to take!

 

 

RSVP TO ALEX DEACON’S FREE REAL ESTATE NETWORKING WORKSHOP IN APRIL!

Creative Financing. How to leverage your business with Other peoples Money

Saturday, Apr 14, 2018, 10:00 AM

Hampton Inn Bridgeville
150 Old Pond Rd Bridgeville, pa

42 Members Attending

We will be bringing in two guest speakers this month. Attorney Matt Beam to discuss different contracts, notes, mortgages and lease options etc.. We will cover some of these different contracts and paperwork to help you navigate through your next creative financing deal. Josh Caldwell who is the director of the Local REIA in the north hills. He is …

Check out this Meetup →

 

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

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