Visit us online at www.acrepgh.org Inside This Issue Page
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Visit us online at www.acrepgh.org Inside This Issue Page
Visit us online at www.acrepgh.org ACRE of Pittsburgh, Inc. Volume 19 Issue 2 February 2015 How to Get Your Tenants to Stay For at Least Three Years By Jeffrey Taylor Many of you are familiar with my 3- myself as a MVP or Gold Club This is the same way the 3-Star Pro- Star Program as an excellent way to member. gram works. I share this analogy, encourage residents to stay with you a minimum of 3 years. As a brief reminder, you enroll residents in a 3Star Program at no charge to the resident. At one store I’m a “Gold Club” member. At the other I am a “MVP” member. Why did these stores encourage me to enroll in their free programs? To create customer loyalty. I’ve enrolled residents in my 3-Star Program for the same reason. To create customer loyalty. And it works. Create Customer Loyalty By giving residents a perk (minor property upgrades) on each rental anniversary as part of the 3-Star because a few people question whether some of my “innovative” rental ideas work. YES, they work because I just adapt strategies that are working well for other industries and utilize them in the rental business. And the 3-Star Program, like the Gold club or MVP program, creates customer loyalty. Residents continue to stay year after year without annual Guess what, it works! When I go buy Program, residents see themselves groceries, without thinking I shop at as three-year residents. Of course, the two stores that give me a few the residents can legally terminate perks (small discounts) because I see the rental agreement at any time I do feel it is important and to your (with proper advance notice) and advantage to talk with your resident Inside This Issue Page move to another rental, just like I once a year near the anniversary date. can start shopping at a different I recommend you send an Board Member’s Message 2 store. “Anniversary Agenda Checklist” Details Worth Mentioning 3 But I voluntarily keep shopping New Year for PROA 6 where I’ve been often reminded that I am a valued customer and receive Whatever Happened to Work 7 Member Application 9 membership in the program or Calendar of Events 9 whether I want to keep shopping Vendor Index 14 Monthly Meeting Agenda 17 perks. The store doesn’t ask me each year if I want to renew my there. They simply send me a letter on occasion (along with perks-store discounts) thanking me for continuing to be a valued customer in their Using Private Money Workshop Insert program and telling me what I can look forward to. discussions about whether they want to stay in the program. along with a Thank You letter for (Continued on page 6) ACRE of Pittsburgh, Inc. Page 2 Saturday Morning we can kick off with a teaching segment or two to warm up the mental muscles. Then the excitement begins. Ron LeGrand is Speaker Number One in so many ways. He has so much to offer that we had to give him a full day, and then some. Ron has been in Pittsburgh for some minor speaking engagements in the past couple years but this is going to be a special very intense day with lots of new and exciting information. You are going to be amazed! From his new ways of locating deals to his special new tricks on wholesaling, this is a day not to be missed! He will also cover his tried and true Board Member’s Message o the Members: It’s here! Far and away the most exciting time of the year! It’s time for the PA State Real Estate Convention and Trade Fair! Create Your Own Future! March 6, 7 & 8. This is ACRE’s twentieth year to sponsor this special event. And what a great weekend it’s going to be. We kick off on Friday Evening with the Insider’s Secrets Social around 6:00pm in the Champions Club Lounge of the Green Tree DoubleTree Hotel. This is your chance to socialize with like minded individuals and maybe a speaker or two. You can learn so much from others that have been through the same trials that you have and it is amazing you can learn from other investor’s experience. Order a snack and have a libation and sit and ask questions or just listen in on the enlightening conversations. Besides being educational, it’s always a lot of fun. This is also why we recommend just staying two nights at the DoubleTree Hotel. (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 Board of Directors Tom Dymerski 412-377-3737 [email protected] B,C,D,E,F,H 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] 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 C,E,F,H,I,J,O,P 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) methods for wealth creating rehabs and why you need to hold onto real estate for the long term. And in the middle of this Super Saturday you will need to take a break and recharge your batteries so hold on to your seat for the ACRE Super Saturday Lunch Buffet. No one else offers this anywhere. Then grab your dessert and head back to the ballroom for a great afternoon with Ron. And grab an extra pen too because you will want to take extra notes. Saturday Evening there is going to be another special event. A networking celebration with snacks and cash bar where you can spend your evening talking, listening, and planning to reach your dreams by creating your own future. Sunday Morning we kick off fast and furious with three great Teachers almost nonstop. After a warm up of teaching segments, we roll right into the dynamic Jeffery ‘Mr. Landlord’ Taylor on Property Management. He will keep you on the edge of your seat with non-stop tricks and techniques that he uses every day in the real world to manage his properties. Even if you don’t have a lot of rentals now, you need to hear this! Then we jump right into Sue Nelson. This young lady will show you how to skip the short sale hassle and go directly to the bank to purchase the nonperforming note. This is how she buys her multi-unit properties. And multi-units is how to create that huge positive cash flow. Sue will show you the way! (Continued on page 6) ACRE of Pittsburgh, Inc. Page 3 February 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 February 28, 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. By mail register on page 11 of this newsletter. 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. Sign up for the Convention and Trade Fair online of the website or send to our PO Box. Welcome New Members January Michael Carlin Dan Giagola Linda Woshner Anthony Ellis Paul McCullough Chris Hatcher Mary Beth Rogers Richard Sikora Marcus Blackwell Aaron & Josh Franks ACRE is a member of National REIA National Real Estate Investors Association www.NationalREIA.com 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 Page 6 Tenants to Stay ACRE of Pittsburgh, Inc. Jeff will be one of our featured speakers at our convention & Trade (Continued from page 1) participating in the FIRST year of their 3-Star Program. The Agenda Checklist informs residents that they have an opportunity to discuss any concerns and new options available during the nest year of their 3-Star Program. The Agenda Checklist asks residents to select the topics from the agenda of what they would like to talk about. Each topic a resident selects gives Fair. The Real Estate Investor Board Member’s Message Plus, ACRE has another Special Guest Speaker as yet to be confirmed. What a weekend! And of course, as always, ACRE will offer raffles and giveaways and networking and vendor specials and FUN! Sign up in the ACRE web site ACREpgh.org or see Jeff at the next ACRE General Meeting on February 3rd. This is the one event that will jump start your spring and summer investment season so take this leap because only you can Create Your Own Future! you, the landlord, the opportunity to meet the changing needs of your resident. Equally important, as you offer options to meet the resident’s needs and concerns, each topic on the agenda will also give you the opportunity to increase your cash flow plus increase the customer satisfaction level of the resident. Remember, let your residents pick the topics for the discussion and use the agenda to truly have a profitable discussion. Anniversary Agenda Checklist We like to meet residents at least once each year to help insure that we continue to meet your housing needs and make sure you are aware of all the housing options that are available to you. We want YOU to select the agenda for the meeting. Tell us what you would like to talk about. We can discuss just one of the following topics, or we can discuss as many of the topics as you select. Tom Dymerski Past President The Real Estate Investor Buying Notes and Real Estate Directly From Banks Sue a mother of three, started as a struggling art teacher in a local high school. Sue Nelson began investing in real estate to provide a better life and security for her and her family. She realized she had a lot of catching up to do and was attracted to the big profits that could be realized quickly in commercial real estate. Sue quickly discovered and created little used techniques that allowed her to take control over many commercial properties. Today she and her partners own over 1500 commercial units and is now one of the worlds leading experts on Commercial Real Estate. ACRE of Pittsburgh, Inc. sive profits step by step buying REO's and Notes Directly from Banks. How to take advantage of the banking crisis, regardless of where you're located and from the comfort of your home and Regardless of your experience! Why NOW is the time to buy from the most Today she and her partners own over 1500 commercial units and now one of the worlds leading experts on Commercial Real Estate. You have probably seen her on NBC, ABC, CBS or the FOX network sharing her wealth building strategies. Sue Nelson, Founder of REO Note Profits, teaches her clients to create massive wealth through the purchase or flipping of commercial real estate REOs and notes at the unbelievably discounted prices available right now, regardless of your experience in real estate. It is all about getting the deal and structuring the deal. Your profit is made when you buy. Once you find and control the deal, the money you can make with that deal is astronomical. This guide gives you all of the tools you need to find the deal, analyze the deal, create your offer, and exit or hold and fund the deal for massive profits. Again, regardless of your experience! You Will Learn How to make mas- motivated seller in the market, BANKS! How you can do this business with NO Experience whatsoever. Why bank owned notes and properties are so plentiful and marked down at such a HUGE discount. How to get past the gate keepers and have them open their inventory up to YOU. Powerful software that will structure and analyze any deal a bank or seller may have for maximum profits i.e. Apartments, Retail, Office Space, Self Storage, etc... Page 7 How to fund your project whether you're purchasing a note or hard asset. We even share with you our hedge fund to fund your deals! How to maximize your profits from the strategy of your choice; Wholesaling, Flipping, Joint Ventures, Buy and Hold, etc... Sue's powerful strategy that covers apartment investing as well as other commercial deals, and how you too can take advantage of the banking crisis, and buy commercial and residential property at bottom basement prices in your back yard or emerging market. This former Connecticut art teacher got into the business a short 6 years ago, and, let me tell you, she has risen through the Real Estate Apartment Note and REO buying ranks swiftly! Wait until you hear how she's accumulated masses of $$$ in such a short time. You will not want to miss our Monday night meeting on April 16th, 2012 when she reveals her secrets on how to harness a little known, under shopped, niche - Buying Real Estate Notes and REO's Directly from Banks! Sue Nelson, a former high school art teacher, who didn't even know what a real estate note or REO was before she first started learning about the real estate business 6 years ago, happened to "stumble" upon this niche while buying her first properties and she has not looked back since! Seems impossible she could have taken this niche, run with it, and become so successful so quickly, right? Well, she did - and teaching is in her blood, and she's going to share with you her amazing, simple to use, techniques on how to make loads of $$$ quickly (Continued on page 8) Page 8 Buying Directly from Banks (Continued from page 7) - because quickly is how we like to make $$$, right!? Right now, there is a huge opportunity to make $$$ quickly by buying residential and commercial real estate Notes and REO's. Why? Because banks are in trouble and crippled from bad loans that have resulted in the housing crisis. The only way the banks can save themselves is to sell off these bad loans. Understand that they would rather do this than take title to the property and take the owner through the foreclosure process - ultimately hurting the bank even more. This is why they are selling these Notes and REO's to investors like you and me... and to art teachers of course! They are being sold for .40 .60 cents on the dollar. This allows you to flip them for .60 -.70 cents on the dollar! I know, I know, crazy, right!? Come to the Monday night meeting with Sue Nelson, the former art teacher, NOW and learn how she has amassed her $$$. She'll break it down even more for you so that even those that have never taken a real estate class or seminar can take advantage of the- se amazing, easy to use, techniques on making loads of $$$ quickly from buying residential and commercial notes and REO's Directly From Banks! Don't miss this opportunity to get all of the inside secrets to the amazing business of buying Commercial and Residential Notes and REO's directly from banks. Sue will share with you all of her secrets and resources of ACRE of Pittsburgh, Inc. how to do this business, so you can hit the ground running from day one, regardless of your experience, credit and available funds. She always says if she can do it, a former high school teacher with no experience, YOU CAN TOO! These powerful strategies cover apartment investing as well as other commercial and residential deals, and how you too can take advantage of the banking crisis, and buy commercial and residential property at rock bottom prices. Sue will be one of our featured speakers at our Convention & Trade Fair. The Real Estate Investor The Real Estate Investor ACRE of Pittsburgh, Inc. APPLICATION FOR MEMBERSHIP Page 9 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 : _____ Value $325.00 _____ Premier A $500.00 _____ Premier B $750.00 _____ Premier C $1350.00 _____ 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, February 24, 2015 Harmony Ridge Golf Club, 7:00 pm February Monthly Meeting First Tuesday, February 3, 2015, 7:00 pm Green Tree DoubleTree Hotel Using Private Money Workshop Saturday, February 7, 2015 Green Tree Double Tree, Hotel, 8:30 am March Monthly Meeting First Tuesday. March 3, 2015, 7:00 pm Green Tree DoubleTree Hotel Spring Conference & Trade Fair March 7-8, 2015 Green Tree DoubleTree Hotel April Monthly Meeting April 7, 2015, 7:00 pm Green Tree DoubleTree Hotel Page 10 ACRE of Pittsburgh, Inc. The Real Estate Investor The Real Estate Investor ACRE of Pittsburgh, Inc. Page 11 Page 12 ACRE of Pittsburgh, Inc. The Real Estate Investor The Real Estate Investor ACRE of Pittsburgh, Inc. Page 13 ACRE of Pittsburgh, Inc. Page 14 Vendor Index AMBIT Energy Building Inspection Professionals Budget Kitchen & Bath CAMA Plan CCC Holdings Dornish Law Offices, PC Eble Excavating Exchange Underwriters Fedele Insurance Home Depot GEICO JMAG JSC Properties, LLC M & M RE Holdings LLC Mace Property Management Martin D. Schwartz Tax & Acctg Molyneaux Tile Carpet Wood National Tenant Network Neighborhood Realty Services New Choice Home Décor 14 16 16 12 4 15 4 14 16 13 10 9 9 16 18 9 13 12 4 4 New Direction IRA New Perspective Staging One Source IPS Pennwestern Capital RE 360 ReCasa Financial Restano’s Backflow Scolieri Law Group, PC Sherwin Williams Synergy Capital, Inc Why USA Home For U Realty Wilke & Associates, LLP Windows R Us WJ Kellar Real Estate Services 11 4 15 4 11 5 4 5 14 16 4 18 11 10 The Real Estate Investor The Real Estate Investor ACRE of Pittsburgh, Inc. Page 15 Page 16 ACRE of Pittsburgh, Inc. The Real Estate Investor ACRE of Pittsburgh, Inc. The Real Estate Investor FEBRUARY MONTHLY MEETING NOTICE 7:00 - 10:00 P.M. Page 17 Beginner Q&A 6:30 PM DOUBLETREE HOTEL, GREEN TREE First Tuesday, February 3rd, 2015 A. BRAINSTORMING SOLUTIONS B. TRAINGING TIDBITS C. VENDOR SPEAKER Eric Eidemueller - Molyneau Carpet, Tile, Wood D. ANNOUNCEMENTS E. Main Speaker Joe Calloway, 360 RE Being invited as the main speaker at an ACRE event is an honor. I feel I have a duty to live up to what ACRE did for me: shoot straight and not hold back in offering advice and strategies on how to make more and more money investing in Western PA and Pittsburgh real estate. Join me and I'll tell you all the tips and tricks I used to become Pittsburgh's #1 homebuyer for two years running. My first Acre meeting was in 2003 just after coming back from a very expensive real estate conference in Florida. Luckily a family member was a member of this real estate association and said I could attend as a guest if I could find a way there. I took leave from the Navy, my occupation at the time, and went. I came back from the week long event pumped up about getting rich. One of the tips the conference gave me was to start going to local investor groups. So I started religiously attending every meeting and ACRE sponsored event. The real-deal, boots-on-the-ground knowledge I gained from going to every Brad Dornish (or who ever else was dropping knowledge) event was priceless. The funny thing about it was that the priceless information was actually a fraction (not just half, but more like 1/64) of the cost of the fancy Florida course. ACRE gave me actually useable information. After I attended a few acre meetings and a bunch of courses through ACRE programs, I executed. You can’t make any money if you don’t execute on an investment. The popular course I attended in Florida (not ACRE endorsed) left me excited but without the actual knowledge to execute. So… With that out of the way, I am going to be sharing my advice and specific things RE360 has done to get to where we are today. We are a respected developer in the community, get referrals without trying, buy a lot of houses (about 80 last year), run a construction company, control/work with over 20 sub contractors, and raise money from high net worth investors who keep giving us more money and, in turn, make a lot of money. The path to these traits is what I want to share with you. • A brief intro- Who we are, what we make, and why you should spend your time listening. • The early lessons I learned, and what I wish I had known then that I know now. • Then get into specifics about what we do and executable tricks and tips that you can be taking advantage of today. Why and where we buy, how we fund it, how we construct it and with what materials (I Page 18 ACRE of Pittsburgh, Inc. The Real Estate Investor The Real Estate Investor ACRE of Pittsburgh, Inc. February Monthly Meeting: Vendor Speaker Eric Eidemueler with Molyneaux Tile, Carpet Wood Main Speaker Joe Calloway with 360 RE on revitalizing your local Community as a RE investor DETAILS Inside! See You at the Next Meeting, First Tuesday, February 3rd, 2015 Page 19 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 Volunteer/Welcome Tom Dymerski Novice/Membership Tom Dymerski 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 First Class U.S. Postage PAID Pittsburgh, PA Permit No. 3727
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