Here are the 10 services BCR provides at no cost to you to PURCHASE a property:
BRAINSTORMING - Have an email or phone conversations with you to discuss "CHECKBOOK IRA" process to help hone your thoughts.
BUDGETING - Given a target price point for a property, provide a detailed spreadsheet showing expected costs, rents and appreciation.
FACILITATING - Discuss the candidates and process for selecting a custodian/facilitator to set up your self-directed IRA.
BANKING - Analyze the strengths and weaknesses of various banks versus credit unions for your LLC businesses.
NAMING - Apply some thought to the pros and cons of different types of names for your LLC that you'll need to create.
LENDING - Review candidates, interest rates, strengths and weaknesses of the main non-recourse lenders before you pick one
SEARCHING: Based on your criteria and the Blue Chip Model, BCR will scour the state's multiple listing services to find the most lucrative properties available.
TOURING: Once a schedule of properties is set up , BCR will drive you or meet you at each location and inspect the property for intended use and value.
OFFERING - Based on your feedback, BCR will recommend and draw up a clever offer then negotiate the best possible deal for the purchase of your investment property.
CLOSING - Working with you, the sellers and lender, BCR will help manage the entire escrow process with speed finesse.
Note: BCR will receive a commission paid out of the seller's proceeds upon closing, usually 2.5% of sales price.
Here are the 12 services BCR provides to you to MANAGE your property (for a fee):
PRICING - Research, discuss and suggest "top-of-market" rental fees.
MARKETING - Craft and place enticing ads on popular digital sites that attract strong volumes of high-valued renters.
TOURING - Set appointments with dozens of prospective renter groups and during their tours, communicate the strong interest in the property.
INTERVIEWING - While giving tours, watch and recognize cohesiveness of each group along with interpersonal communication skills (this often portends how well their "team" will take care of your property).
SELECTING - Report back to owner the strongest 3 candidates and suggest order of selecting top choice plus two back-up groups.
VETTING - Report results to all touring groups, investigate top group's rent history along with feedback from employers & agencies.
SIGNING - After getting buy-in from all sides, craft rental agreements & 5 legal addendums and get all signed and distributed.
MANAGING - Handle all the aspects of getting old tenants out properly with a clean house and new tenants paid-up and settled in.
MONITORING - Throughout the lease term, collect rent, keep property in working order, monitor and check-in regularly.
ITEMIZING - Provide monthly income and expense statements to owner along with market updates of surrounding area.
TAXING - At the end of each fiscal year, provide owner with year-end details of all income and expenses for potential UBTI taxes.
RE-DOING - At end of lease, make the tenant exit as smooth as possible and start the process all over again for a new group of renters.
Note: The California Association of Realtors (CAR) has certified Blue Chip Realty as a professional property management company. We charge 8% commission of monthly rent for our property management services. Even with this fee, owners can pay off their rental in under 15 years while never having to deal with the hassle of property management. That keeps this 401K rollover into a rental property “very lucrative” and “hassle-free”.