Start Your Own Lawn Care Business
This really comes down to choices and priorities. There is always time to do the things we need to do like go to work every day, mow the lawn, feed the dog. Often there isn't time to do the things we really want to do. Learn to speak a second language, build a bookcase, or volunteer in the community. There is a difference between need and want. We'll often do what we need and put off what we want. Unfortunately our wants are what truly enrich our lives.
Owning real estate inevitably involves repairing and maintaining property. If you regularly contract for lawn care, roofing, new appliances, and carpet cleaning and installers, you know which companies provide good prices and service. You are probably willing to recommend those companies to your associates, but it makes sense to make money by setting up a system of referral fees first.
1 Plant a For Sale sign on the front lawn when renovations are nearing completion. A For Sale sign removes all doubt that the house is for sale. 1 Stage the house impeccably. Clean and scrub inside and out, mow the lawn, freshen up the landscape, remove the clutter, tastefully furnish and decorate the interior, set out some fresh bouquets of flowers, and let the buyers stream in.
As a homeowner, you are usually willing to and probably even enjoy spending several hours per week watering the flowers, the roses, and the lawn weeding the garden mowing the lawn picking up the leaves or fixing little things around the property. I can almost guarantee that your tenants will not want to do this on their time off. I cannot tell you how many times I hear the tennants say how they love to garden and how they would love taking care of the property, and they just never find the time.
The Adam and Eve combinations of double bottoms and tops are a relatively new addition to my trading arsenal. I found out about them in 2001 from a Web site. The Adam bottom looks narrow and V-shaped, perhaps with a large downward price spike. The Eve bottom is wide, rounded, and sometimes has many short spikes like weeds sprouting in a lawn.
When real estate agents place a house on the market, they essentially network to find interested buyers. Sure, they may create full-color flyers and brochures and plant a For Sale sign on the front lawn, but they connect to most prospective buyers using a networking tool called the MLS (Multiple Listing Service). When a seller works through an agent, the agent posts the listing on one or more MLS. Buyers' agents can then pull up these listings to find houses for their clients. The top agents also network with large companies that have relocation divisions.
While a contract could conceivably be a binding promise to transfer an entitlement in the future without payment,4 contracts in general involve the exchange of one property right for another. The simplest exchanges involve the exchange of rights over physical assets for example, an exchange of a lawn mower for a chain saw, or the exchange of a chair for cash. Such exchanges are easy to identify and to enforce.
Front yards. The front street view is most important. Reseed lawn areas, plant inexpensive shrubs and trees for improved looks. (Pyracanthas are one of the best shrubs for front yards, because they grow fast, they're inexpensive, they're colorful, and they have thorns which keep kids from pulling them up.) Repair, if possible, or rebuild existing fences. Back yards. Cut and water grass and that's it. 16. Tend the lawn. Always carry a hose and sprinkler with you at all times then, when you arrive at the job, you can set up your sprinkler and water dry areas of the front yard. Toss out some lawn seed anywhere you see bare ground. Lawn seed and weeds grow together to become a durable lawn when they're watered enough. The idea is to make all front yards green.
Finally, when the job is done, everything looks spick-and-span, with nice green lawns (revived weeds) and white picket fences. The jacked-up cars are gone now and regular paying tenants occupy your units. Everyone agrees the property looks great now. It's clean and the location is perfect for renters who need to be near shopping and schools. The nearby pizza parlor is an added bonus. With your GRM improved by 2 points, rents are 440 per month and worth every nickel. Your personal fix-up efforts have added value to make it happen.
I worked for nearly two years getting Hillcrest fixed up and running smoothly. I filled in the ugly swimming pool and completely replaced most of the electrical wiring. I repaired sagging carports, built new floors, and replaced nearly half the plumbing fixtures. I also spent considerable time watering and restoring almost two acres of lawns, trees, and shrubs. Naturally, I painted the property inside and out. I built a white picket fence around the front lawn area.
Seasonality also affects the value of inventory. A large supply of lawn care products in the Northeast becomes a lot less valuable as winter approaches. Home Depot can transfer lawn care products to its stores in the Southwest as snow falls in the Northeast, but toy stores walk a considerably higher tightrope. On December 20, a high inventory level is very valuable. On December 26, leftover inventory might become worthless and lead to write-downs (unless we're talking about an antique toy store, since inventory could appreciate over time).
Tenants and homebuyers alike love a manicured lawn, flower-lined walkways, mulched shrubs, and flower gardens. With landscaping, you can turn an ordinary building into a showcase property. With landscaping you can create privacy, manufacture a gorgeous view looking out from the inside of the units, or eliminate an ugly view. Especially if you're looking at a holding period of three to five years (or longer), put in those small plants, shrubs, flower gardens, and hedges now. When you sell, those mature plantings will easily earn you a return of at least 10 for each 1 the landscaping cost you.
This notice is served on your tenant for a violation of the agreement other than non-payment of rent. This is commonly called a breach of lease for things like moving an additional person on the property, having a pet on a no pet property without permission, or creating noise or disturbances to others. Parking where they are clearly not allowed or allowing a lawn to die can also be the reason behind giving this notice to the tenant.
Consider giving your neighbors your card and asking them to keep an eye on the house for you. Ask them to call you if they notice anything out of the ordinary. If the house is vacant, you may want to hire one of the neighbor's kids to mow the lawn each week and pick up any newspapers or advertising handouts that end up on the front porch. Try to make the house look as occupied as possible.
One source of the popularity of stock index futures is a unique settlement procedure. With standard futures contracts, you are obligated at settlement to receive (if purchased) or deliver (if sold) a specified quantity of the good for which you have contracted. Many apocryphal stories abound about how traders, forgetting to close out their contract, find bushels of wheat, corn, or frozen pork bellies dumped on their lawn on settlement day.
The reason for the rule about proportion is to avoid confusion about peak selection. Consider peaks C and D. To me, these look like something I missed with my lawnmower. They are minor highs, as are the other A peaks, but they are not in the same league. They are 1- or 2-day spikes that appear out of place with the rounded appearing A1 peak. They are not of the same magnitude or proportion. When selecting the three peaks, I ignored C and D and went with A1, A2, and A3.
Mow and edge the lawn, pull weeds, fix any cracks in the pavement, and sweep up after yourself. Lay fresh mulch and plant fresh flowers (if in season) and keep them watered. While you're at it, put the garden hose away and hide the garden gnomes.
To attract tenants who will treat your property properly and stay for a long time, be sure that your grounds and exterior areas are sparkling clean and the landscaping is well maintained. Renovating the grounds by removing trash, junk, and weeds is an inexpensive task. A nice green lawn, healthy shrubs, and shade trees enhance any investment property. Make sure that the building structure is presentable and inviting. Some specific exterior improvements to consider are ground level or hanging planters, brass address numbers, awnings, fresh paint, landscaping, and cleanup.
If you followed my advice in Chapter 13, you should have negotiated a 500 cleaning credit, which the owner deducted from the option fee. The cleaning credit is to help investors defray property cleanup costs. And depending on the property's size and condition, most of my cleanups run from 500 to 1,200. For example, it usually costs me right around 500 to have a vacant three-bedroom, two-bathroom, single-family house cleaned up. This includes trash removal, lawn mowing, tree trimming, and pressure washing. I spend between 500 and 1,200 for an industrial-strength cleaning on a vacant piece of commercial property. I use a father and son team, who specialize in clearing lots, hauling trash, pressure washing, and making buildings secure. My guys are experienced professionals with state-of-the-art equipment, who work fast and charge reasonable
The Peter Lynch principle of stock picking is to buy something that you know. We all have hobbies and we all see trends develop. Several years ago, I saw more and more individuals on motorcycles. Baby boomers were using their disposable income to buy their dream machines. Several makers have motorcycles on the road Honda, Kawasaki, Ducati, Triumph, BMW, and that old American favorite, Harley-Davidson. Many of these were foreign-makes and even if I could purchase a Honda ADR (American depository receipts allow purchases of shares of foreign corporations in the United States) on the U.S. exchange, I would be buying all of Honda (cars, trucks, SUVs, lawnmowers). I wanted a straight motorcycle play and decided to investigate Harley-Davidson.
The holding costs you must account for and take into consideration are electric, water, waste, insurance, taxes (even if they aren't due monthly, they are still a cost that will reduce your profits), lawn service, snow removal, pool service, homeowners' association (HOA) fees or maintenance fees, and so on. In some cities and counties, waste removal will be included with water. In others, it won't be.
You can locate FSBOs by driving around the neighborhood and looking for For Sale or For Sale By Owner signs. These are usually the cheaper looking For Sale signs that you can pick up at your local hardware store, pen in your phone number with a permanent market, and poke into your front lawn.
In 1969, at the age of 13, I talked my reluctant parents into opening a brokerage account for me at the local Merrill Lynch office in Toledo, Ohio. The conditions of the account I had to fund the account myself from lawn mowing and odd jobs, and every trade had to be confirmed by my mother since it was a Unified Gift to Minors Act account. Once open, my father would occasionally give me a little money to put into the account, as long as I didn't tell my mom.
Over the next few years as I earned money, either through mowing lawns, or working odd jobs, I bought my first stocks which set me on the long road toward losses and disappointments that almost all investors go through when they initially leam to trade in the stock market.
To illustrate what can happen if you don't pay attention, let me give you an example. I purchased a vacant lot (and later built a home on it) in Fort Lauderdale. The property was the last vacant lot in an area of homes that fronted canals leading to the ocean. It was very odd to find a vacant lot in this area, and on walking the lot, I realized that the reason it had remained vacant was its odd shape and the small amount of water frontage it had on the canal. The lot seemed unattractive due to vegetation on two sides of the lot (the lot itself was a corner, so it had streets on two sides, and neighbors on two sides, with a fifth side facing the canal). Along its northern boundary were a massive hedge and a tree line that ran down to the canal retaining wall to a point where there was a marker nail driven into the concrete with a yellow circle around it. The amount of canal frontage that seemed to belong to this lot was only about 20 feet, whereas all of the neighbors had 100 feet or...
Wally's desire to work hard was quite evident during his youth always working, he mowed lawns and washed cars. While staying with his grandparents in New Jersey one summer when he was around nine years old, he ran a small but successful retail business from their front yard.
You can tell a lot about the building and the neighborhood by the condition and number of cars around the property. If you see a lot of cars that are run down, old, beat up, and on blocks or look to be non-operational, it is usually a bad sign. Also, are people just hanging around Is there trash littered on the sidewalk, driveways, and lawns One approach is to find out the names of other owners on either side and ask to meet with them to discuss a plan to fix up the neighborhood and bring up the quality of tenants.
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