The Real Estate Investor - Membership Management by Memberize

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January 2016
ACRE of Pittsburgh, Inc.
Volume 20 Issue 1
DR CASH FLOW, Home Remedies for Real Estate Investors R.A.M Article #100
By Nick Sidoti
Inside This Issue Page
Board Member’s Message
2
Details Worth Mentioning
3
Member Application
8
Calendar of Events
8
Vendor Index
13
Monthly Meeting Agenda
16
Q. Dear Nick, I heard you speak in
it was them.
Florida and I thought you were a true
creative problem solver. Well here is a
problem I have. I have a four unit property and I have a garbage problem.
Some of the tenants have garbage cans,
others don’t. Someone keeps putting
theft garbage next to the garbage cans
and the dogs and cats keep getting into
it and spreading it around the yard. The
garbage is picked up once a week by
the City, but the tenants frequently forget to put it out by the curb.. Our City
picks up recyclables every other week.
The tenants either put it out on the
wrong week, or they don’t put it out at
all, so the stuff builds up in the hallway.
Here are some suggestions on
how you can get the cans taken
out to the street on time.
Do you have any suggestions that could help me deal
with this trashy problem?
A. You said that some tenants had
garbage cans and some don’t. I suspect
that the tenants who don’t have cans
are the ones that are putting their trash
out next to the cans. Spend a little
money and invest in a garbage can for
each unit. Label them with the address
and the apartment number so that each
tenant has his own can. If you still have
a problem with trash being stacked next
to the can, check in the garbage for
mail or something else that will identify the culprit. Confront them, but
don’t tell them how you found out that
1.
Have each tenant responsible
for taking their own can to
the street.
2.
Have them rotate on a
monthly basis (i.e. Unit #1:
May, Unit #2: June, Unit #3:
July, Unit #4: August).
3.
Choose the most responsible
tenant in your building and
give them a $15 rent reduction if they are willing to take
the garbage and recyclables
out to the street at the appropriate times. Then raise the
rent on the other three units
by $5 each. I’ve found that
this technique works best.
Now for your recycling problem. The most effective way to
deal with recycling is to make
sure that the tenants have instructions about the process, and
have the pickup schedule. Give
them a copy of the instructions,
and post another copy in the
hallway of the building. In addition, you should give them directions on how to deal with
(Continued on page 6)
ACRE of Pittsburgh, Inc.
Page 2
ideas taught to me in that class over
ten years ago.
Let me talk a little about
debt. Debt is one of the most important aspects in acquiring property. Most real estate purchased
with borrowed money or by going
into debt. In today’s economy, with
high employment and low interest
rates, people tend to worry very little about debt. Today’s economic
growth has never been seen in our
lifetime. I believe it is foolish to
think it will continue unchecked!
People who continuously borrow
and borrow, and never really pay
Board Member’s Message
o the Members:
Hello everyone,
If you are just getting started
in real estate or are a long time pro sit
back and ask yourself, am I making
the most of my business or am I just
getting by. Success is a continuous
process, one that is never achieved,
but if you have the courage to step out
of your comfort zone you will be
amazed at what life will allow you to
achieve. We are embarking on a new
year, what are you going to do differently? Will you buy your first property? Will you learn more about
taxes? Will you form some entity for
business? If you don’t have any plans,
I challenge you to make some. Running your business without a quarterly
or yearly plan is like trying to drive to
California without a map. You get
lost or side tracked.
If you are not a very organized
person I suggest you take a time management class and use a daily planner.
When I started my first job out of college, my employer enrolled everyone
in a time management class. Today I
find myself on a daily basis using the
(Continued on page 3)
The Real Estate Investor
ACRE of Pittsburgh, Inc. does
not exist to render or give legal,
tax, economic or investment
advice and disclaims all liability
for action or inaction taken or not
taken as a result of
communication from or to its
officers, directors and members.
If legal advice or other expert
assistance is required, the
services of a competent
professional should be sought.
President
Josh Adamek
412-537-8604
[email protected]
Vice President
Sharon Harkins
412-262-5943
[email protected] E,Q
Treasurer
Jeff Kasmer
724-864-5400
[email protected]
C,K,L,S
Secretary
Brad Dornish
412-765-2726
[email protected]
A,O,U,W,X
Chuck Pupich
412-302-2131
[email protected]
B,C,N,O,V,X
Nancy Worst
412-331-8595
[email protected] T
Steve Powanda
412-276-6974
[email protected]
C,E,F,H,I,J,O,P
Board of Directors
A Tax Sales
B Owner Financing
C Rentals
D Land Contracts
E Retail (Rehab)
F Wholesale
L Income Tax Prep
H Lease Option/Rent-to-Own N Time Management
I Foreclosure/Sheriff Sales
O Business Ownership
J Finding/Selling Properties
P Financing
K Accounting
Q Note Buying
R Financial Planning
B,C,D,E,F,H,J,O,P,Q
S Computer/Software
T Realtor
U Legal
V Property Management
W Asset Protection
X Business Plan
The Real Estate Investor
Board Member’s Message
(Continued from page 2)
down their debt to realistic levels
are a time bomb waiting to explode. At least ninety percent of
the people in this business who
lost everything did so by having
too much debt. What is too
much? I don’t know, but if everything you own is mortgaged at
85% to 95% of its appraised value
that is way too much for me to
sleep at night. How do we prepare for a downturn in the market? We refinance debt for short
term payoffs. We use cash flow to
pay down existing debt, rather
than acquire more property with
high leverage.
There is a wealth of
knowledge in this group, if you
look for it. I hope everyone will
plan for the inevitable changes
our businesses and our lives will
give us.
Best wishes,
Steve Powanda
ACRE of Pittsburgh, Inc.
Page 3
January Details Worth Mentioning
Renewal Memberships. Please be
sure to show your name badge to
someone at the desk. If you do not
have one, we will issue a name
badge after checking your paid
status. Members paid to December
31, 2015 or later are asked to renew
their membership at this time,
$129.00 for an individual and
$39.00 for an associate IF YOU
RENEW PRIOR TO YOUR PAIDTO DATE. Renew after your due
-date at $139. Please be prepared
to renew at the monthly meeting,
online or by mail. If you have
email, you should be receiving reminders to renew. GUESTS may
attend their first meeting free.
Subsequent meetings attended by
GUESTS, as well as any previous
member who has not paid their
dues, must pay a $25 fee.
Last Minute Changes/Updates.
Call our toll-free number at 1-888-4
ACRE40 the day of a meeting or
seminar to see if we have any last
minute change or with questions
regarding the newsletter,
membership or registrations. Call
to verify a workshop is still being
held. We may have to cancel if we
do not have enough preregistrations.
Remember, ALL
workshops and seminars can be registered online at the Calendar of
Events.
PROA, our state association, can
give you access to Credit Checks
for possible tenants. Call or email
Jeff Kasmer for your PROA ID.
You can also list your properties for
rent on a state wide basis as well as
on our website on the Classifieds
Tab.
Their website is
www.PROAssoc.org. With your
PROA ID, you can also sign up for
credit checks of potential tenants.
Vendors are asked to email Jeff a
copy of their ad in a picture format.
Welcome
New Members
December
Karen White
William Conroy
Alan Kashi
Kevin Leonard
Dustin Mills
ACRE is a member of
National REIA
National Real Estate
Investors Association
ACRE is a proud member of
Pennsylvania Residential
Owners Association
(PROA)
www.PROAssoc.org
ACRE of Pittsburgh
John
Smith
]]]]]]]]]]]]]
Please remember to bring your
name badge to the monthly meeting and workshops/seminars. If
you lose it, a new one will be made
for $10.00.
Page 4
ACRE of Pittsburgh, Inc.
The Real Estate Investor
The Real Estate Investor
ACRE of Pittsburgh, Inc.
Page 5
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ACRE of Pittsburgh, Inc.
(Continued from page 1)
their garbage to minimize insects, rodents, and other problems. Hope these ideas help
with your trash.
P.S. FREE FORM- For a copy
of the garbage notice that I
give my tenants, send a selfaddressed, stamped envelope
to the address below or e-mail
me. This form covers garbage
collection, recycling, bulk
trash pick-up (furniture, etc.),
and the proper disposal of garbage. You may use it as is, or
modify it to fit your town.
Nick Sidoti, R.A.M. is a
registered apartment manager, licensed real estate
agent, investor, lecturer,
author of several real estate courses, an award
winning columnist, and
President of the Western
NY Real Estate Investors.
The Real Estate Investor
The Real Estate Investor
ACRE of Pittsburgh, Inc.
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ACRE of Pittsburgh, Inc.
APPLICATION FOR MEMBERSHIP
The Real Estate Investor
Date _______________________
Name ________________________________________________ Home Phone _____________________
Address ______________________________________________ Work Phone ______________________
City _______________________ State _______ Zip __________ Cell Phone _______________________
Occupation ____________________________________ E-mail _________________________________
_____ New Member $139.00 _____ Renewal Member *$129.00/139.00 _____ Spouse/Partner $39.00
Vendor Member : _____ Business Card $365.00 _____ Level 1 $625.00 _____ Level 2 $875.00
_____ Level 3 $1050.00 _____ Additional Employee $25.00
(* If renew before your Paid-to-Date)
Total Amount Enclosed __________ Check Number ________
Credit Card #____________________________________ Exp. Date _______
CID # __________
I understand that the information presented in meetings of ACRE of Pittsburgh, Inc. is
of a general nature and I will not attempt to apply said general information to specific
situations without obtaining professional advice.
Signature _________________________________________________
Include payment with
application made payable
and mail to:
ACRE of Pittsburgh, Inc.
P.O. Box 17149
Pittsburgh PA 15235-0149
In consideration of the acceptance of my membership application, I waive and release any and all rights and claims
against ACRE, its officers, directors, members, and speakers for any and all damages resulting from participation in
public activities and/or utilization of information received at any function of ACRE.
Acre of Beaver County
Monthly Meeting
Fourth Tuesday, January 26. 2016
Beaver Community College, 7:00 pm
February Monthly
Meeting
First Tuesday, February 2, 2016, 7:00 pm
Green Tree Double Tree Hotel
March Monthly Meeting
First Tuesday, March 1, 2016, 7:00 pm
Green Tree Double Tree Hotel
April Monthly Meeting
First Tuesday, April 5, 2016, 7:00 pm
Green Tree Double Tree Hotel
The Real Estate Investor
ACRE of Pittsburgh, Inc.
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ACRE of Pittsburgh, Inc.
The Real Estate Investor
The Real Estate Investor
ACRE of Pittsburgh, Inc.
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ACRE of Pittsburgh, Inc.
The Real Estate Investor
The Real Estate Investor
ACRE of Pittsburgh, Inc.
Vendor Index
Above and Beyond Painting
AMBIT Energy
Building Inspection Professionals
Budget Kitchen & Bath
CAMA Plan
CCC Holdings
Don’s Appliance
Dornish Law Offices, PC
Eble Excavating
Exchange Underwriters
Fedele Insurance
GEICO
Investor’s Deal LLC
Jimmy the Junkman
JMAG
Keller Williams
Liberty Insurance Brokers
M & M RE Holdings LLC
Mace Property Management
Marchese & Associates
10
14
15
11
11
4
5
14
5
14
15
9
11
9
8
5
12
15
15
4
Martin D. Schwartz Tax & Acctg
Molyneaux Flooring
New Choice Home Décor
New Direction IRA
New Perspective Staging
One Source IPS
Pittsburgh Home Staging
ReCasa Financial
Scolieri Law Group, PC
Sherwin Williams
Synergy Capital, Inc
Wilke & Associates, LLP
Why USA Homes for You Realty
Windows R Us
8
9
4
10
4
14
10
4
5
14
15
17
4
10
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ACRE of Pittsburgh, Inc.
The Real Estate Investor
The Real Estate Investor
ACRE of Pittsburgh, Inc.
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ACRE of Pittsburgh, Inc.
JANUARY MONTHLY MEETING
NOTICE 7:00 - 10:00 P.M.
The Real Estate Investor
Beginner Q&A
DOUBLETREE HOTEL, GREEN TREE
First Tuesday, January 5th, 2016
A. BRAINSTORMING SOLUTIONS
B. Training Tidbits & Legal Updates
C. VENDOR SPEAKER
Chuck Pupich
One Source, IPS
D. ANNOUNCEMENTS & Business Card Exchange
E. MAIN SPEAKER
Wilke & Associates
David Cooke, CPA
David will be discussing tax updates, recent court decisions
related to real estate investors
6:30 PM
The Real Estate Investor
ACRE of Pittsburgh, Inc.
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ACRE of Pittsburgh, Inc.
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January Monthly Meeting:
 Vendor Speaker Chuck Pupich with One
Source IPS
 Main Speakers are Wilke & Associates LLP
on Income Tax Prep for Real Estate Investors
DETAILS Inside!
See You at the Next Meeting,
First Tuesday, January 5th, 2016
The Real Estate Investor
An Association for Landlords & Real Estate
Investors in the Metro-Pittsburgh Area
Monthly Meetings the First Tuesday
PITTSBURGH GREEN TREE DOUBLETREE
7:00 - 10:00 PM
1-888-4 ACRE 40
Internet www.acrepgh.org
E-mail [email protected]
Website [email protected]
Officers
President
Josh Adamek
Vice President
Sharon Harkins
Secretary
Brad Dornish
Treasurer
Jeff Kasmer
Committee Chairman
Vendors
Chuck Pupich
Advanced Group
Brad Dornish
Merchandising
Steve Powanda
Programming
Meetings/Seminars Jeff Kasmer
Newsletter/Database Jeff Kasmer
ADMISSION
Current Members: Free with member ID
General Public: $25.00 per person
The Real Estate Investor
ACRE of Pittsburgh, Inc.
P.O. Box 17149
Pittsburgh, PA 15235-0149
Address Service Requested
First Class Mail
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U.S. Postage
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Permit No. 3727