1st Consolidated Asset Management

Dallas-Fort Worth Property Management

Thursday, April 28, 2011

Property Managers Executive Success Tour


A one day workshop on the latest topics and technologies facing today’s property management professionals, presented by industry thought leaders.

Why Attend?

The agenda includes five invaluable sessions that will arm you with the inspiration and knowledge you need to truly succeed in the property management marketplace. The Executive Success Tour will help you:

  • Gain an edge on the competition
  • Implement leading best practices
  • Stand out as a leader and innovator in the industry
  • Network with property management and real estate leaders
  • Increase revenue and reduce costs

We’ll provide you with the essentials you need to ignite new ideas, inspire change, enhance communication and market your business for maximum growth. The Executive Success Tour is a wise investment and you’ll leave with a variety of ideas you can implement in your office for immediate positive impact.

Five 60 minute sessions are featured:

1. Maximizing Profits in a Minimizing Economy
Mark Kreditor, MPM®, Broker and President,
Get There First Realty

2. Growth through Acquisition
Kevin Martin, COO, ONEprop, Inc. and Charles
Riska, VP of Operations, ONEprop, Inc.

3. Avoid the Pitfalls of Managing Foreclosures—Top 5 Tips for Success
Denia Graham, COO, Tenant Access.

4. Good Owner, Bad Owner
Melissa Prandi, MPM®, RMP®, CEO, Prandi
Property Management, CRMC®

5. Nurturing Tenant and Owner Prospects through Social Media—The 30 Day Plan
Tom Fanelli, VP, Propertyware and Deb
Newell, CEO, Real-Time Leasing

What’s the cost?
$99 per person, including continental breakfast and lunch.

Where and when?
May 19, 2011 Dallas, TX
June 15, 2011 Denver, CO
August 25, 2011 San Diego, CA
November 17, 2011 Orlando, FL

Sign Up Now or call 866-642-9399

Tuesday, December 21, 2010

Plan to take the listing!!

Action plans can help keep you on track and ensure that you’re covering all of your bases. One such action plan should revolve around new listings. What do you do right now when you take on new listings? Is there a series of steps you follow to make sure all of your tasks for this listing are fulfilled? What are the essential steps to perform when you take a new listing?

Here are seven key things you should do each time you take a new listing. While there are many important steps you take every time you list a property, the following seven will help you shine:


1. Send a handwritten “thank-you note”

After you return to the office, take the time to send a handwritten thank-you note to your new clients. Unfortunately, this is a dying art, and many sales associates don’t bother to use personal handwritten correspondence. But a simple, handwritten card can make a great impression and set you apart from the competition.


2. Organize and verify your forms

As a real estate broker and the designated licensee responsible to the state real estate commission for the activities of personnel at my brokerage, I know that completed and properly filled-out forms from my associates are important and appreciated. If there are corrections or missing documents, a quick review of your packet and organization of the file can normally catch these errors. Taking the time to double-check all your information and putting the file in proper order is an excellent way to make certain everything is error-free and ready to be audited by the licensing authorities.


3. Write several advertisements

One of the most important duties of a real estate pro is to write several good advertisements for new listings. Many practitioners don’t spend the proper amount of time preparing and writing good advertisements. I would encourage you to devote time early on to writing more than one advertisement description for your new listing. Also, track the calls and feedback you receive on your property so that you can begin getting a good feel for which descriptions are working.


4. Take good photographs

Visuals and photos play a huge part in real estate marketing. Take plenty of pictures, and try various angles when getting both interior and exterior shots of your new listing. Figure out which photos you want to use with your marketing efforts on your Web site and in print advertising. Organize your photos into separate folders on your computer for easy access, and try posting them to online portals such as Flickr. Good photographs are important for your listing to be visually appealing to the consumer. Make certain your photos are current with the season of the year. You might take a new listing in late September when the grass and trees are still green, and in 30 days, your photo will look old and dated.


5. Post to online classified sites

With consumers flocking to the Web to look for homes, having a presence on the Internet is important. There are many interesting and time-saving sites that will help you posting your new listing to popular online listing publishers such as Postlets and RealBird. All you have to do is input your listing information and upload photos, and your listing will then be forwarded to many of the sites where consumers search for houses.

As important as it is to publish listings on Web sites like Postlets, BackPage, and YouTube, it is just as important to make certain that your listings are removed after the expiration, termination, or selling dates. One good way to keep track of your online marketing activities is to make a checklist of all the sites that have info on your listings. Keep this in your file, and when each listing terminates, go through your checklist and remove your property from all those sites. Note: With sites such as Postlets and RealBird, your listing will be removed on the expiration date you enter.


6. Send a sample flyer to your clients and a link to the listing Web site

Take the time to send your client a copy of the finished listing flyer after you list their home. You might also consider e-mailing a Web link to their listing on your company or personal Web site. Frequently, the seller can help provide good input on items you may have missed when preparing the property flyer.


7. Set-up a 30-, 60-, or 90-day follow-up plan
Finally, develop a road map for the next 30, 60, or 90 days to lay out how you will correspond with and update your seller. Many practitioners start out with the intention of keeping their clients in the loop over the course of a listing agreement, but their daily business tasks can become overwhelming. It’s all too easy to have two, three, or four weeks go by without contacting your seller. You have to keep the client posted on the marketing efforts: Besides being professionally sound, it will show sellers your attention to detail and concern about their listings.

Friday, December 17, 2010

10 States Losing the Most Residents

Using data from Moody’s Economy.com, Forbes identified the top-10 states where more residents are leaving than arriving.

The factors that encourage outbound migration from these states are mostly economic — high employment and high cost of living — although both Louisiana and Mississippi have been affected by natural disasters.

The 10 states that have said goodbye to the most residents are:

1. New York
2. Illinois
3. Ohio
4. Nebraska
5. Kansas
6. Iowa
7. Louisiana
8. North Dakota
9. South Dakota
10. Mississippi

Source: Forbes, Jenna Goudreau (12/08/2010)

Thursday, October 07, 2010

Foreclosure Scams!!!!

Last year, the U.S. Federal Trade Commission identified 71 companies running suspicious foreclosure rescue ads. This year, the Better Business Bureau named foreclosure rescue rip-offs among its top 10 scams.

Here are just two common scams identified in the September “Foreclosure Resource Guide” now available at the REALTOR® Content Resource:


1. A representative of a so-called foreclosure rescue company promises to negotiate a deal with your lender, instructing you not to contact your lender, lawyer, or credit counselor during the supposed negotiations. Once you pay an up-front fee or a few months of mortgage payments, the scam artist will disappear.


2. A scam artist promises to fend off foreclosure in exchange for an up-front fee. Instead of getting you legitimate relief, the fraudster will pocket the fee and secretly file a bankruptcy case in your name.


Also covered in the September “Foreclosure Resource Guide” now at the REALTOR® Content Resource are free tips on what to do immediately if you’re facing foreclosure, five foreclosure pros you need on your team, what foreclosure counselors can and can’t do, and website resources for foreclosure help.

The REALTOR® Content Resource, the new tool brought to you by the NATIONAL ASSOCIATION OF REALTORS®, is an exclusive member benefit that entitles you to download free homeownership content from HouseLogic to your consumer website, blog, or e-newsletter. HouseLogic is the NATIONAL ASSOCIATION OF REALTORS’® comprehensive consumer website geared to helping homeowners make smart decisions to enhance, maintain, and protect the value of their home.

Monday, August 30, 2010

3 Reasons To Buy A Home NOW!!

Stocks are up 50 percent from the March 2009 bottom. Some commodities have risen dramatically. The only asset class left in the cellar is real estate, says Michael Murphy, editor of the New World Investor stock newsletter.

As a result, Murphy is advising investors to buy now for these three reasons:

• Desperate sellers: Both home owners and lenders are eager to unload a flood of foreclosed and underwater properties. Buyers with the patience to push through these complex deals can save a bundle.

• Little competition. Because most people don’t have what it takes to negotiate their way through short sales and REOs, patient investors are winners.

• Low rates. Mortgage rates are at their lowest level in 40 years. If you believe inflation is inevitable, lock in now.

Thursday, August 19, 2010

Sick of this hot weather? - check out this Richardson home with pool.

Well, it's not quite an iceberg pool but I have the next best thing (for Texas of course)... a beautifully landscaped home in an established subdivision in Richardson. Within walking distance to Yale Elementary and Yale Park. 3/2/2 with pool is the perfect home for a first time home buyer. Large kitchen and formal dining overlook the covered patio, wood deck and glistening pool. Large family room with vaulted ceilings and built ins. Check it out at 1713 Elk Grove. It's a great value and there are so few homes available in this part of town. Call 214-632-0534 for a showing.

Thursday, August 12, 2010

Vanderbilt home for sale or rent

Just reduced and also offered for rent!

6027 Vanderbilt