Continued Wealth Cascade Effect
So you want to grow your assets, doubling and tripling your income. You are smart. Let's look at the property you already have, deciding if to rent it as one unit or what it would take to multiply your potential earnings. Do you have a second-floor garage or potentially more than one unit after some minor changes? Let's go over the property you have and find ways to maximize your potential.
What is our role
We take the management and care of your property very seriously. Beyond sourcing qualified tenants that we believe to be a secure match for your property, we oversee the ongoing maintenance, landscaping, and day-to-day activities of your investment.
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When something breaks at 2 a.m., it's not you who gets the call. Instead, you can kick back and enjoy life, knowing that when your tenant pays, the money will be deposited in your account the following day.
There are risks
We aim to reduce the risks you have to consider when choosing to rent a property. However, there are risks ranging from a tenant failing to pay, causing damage, to more severe risks of someone causing a fire. We don't say this to scare you; properties have been rented for decades, changing hands often and never having a problem. Rules such as no candles and requiring that smoking be done in a designated smoking spot away from the building, or not at all, are tools that limit unnecessary risk.
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Another tool to consider is that in lieu of a security deposit, tenants pay upfront for a surety bond, as outlined in their lease agreement. This protects your investment if something is broken and prevents a tenant from using the security deposit as their last month's rent, which would cost you money out of pocket for repairs. By restructuring this process, a portion of the rent each month acts as a new form of security deposit, empowering the landlord once again.
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For example, if the rent is $2,500 per month plus an added $70.84, that equals a total of $2,570.84 per month. At the end of 12 months, you will have $850 to apply to a new contract bond. If a tenant chooses not to renew and the final walkthrough is satisfactory, they will be refunded the bond savings added to each month's rent, or the tenant can take it with them. Ask around—everyone is still stuck in the old ways. We're lowering your risk and increasing your profits.
Talk to your Finanial Planner
If this were our cascade, we'd be asking our management company to pay us our monthly rent in blockchain, allowing our cascade to grow a little more each month. We aren't financial planners, and this is a bridge we're not going to cross any further.
However, if you want to be paid your share of the monthly profits from partnering with us in blockchain, we will accommodate that request. On the other side of the deposit, you can decide what to take out or leave in to increase your wealth.
Consider sharing with your financial planner to include your blockchain assets in your trust or will so that they are known about and distributed as you command.
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Some other ideas to discuss with them are whole-life accounts for each of your dependents, where the death benefit is paid back to the trust. This way, each of your dependents can benefit from your planning now, equal to the sum they will return to your generational wealth planning.
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Yeah, this is the kind of future we're creating, too. Assets that make money, money that makes more money, and promises to our future lineage of wealth that repeats through specific instructions laid out in the generational trust. Partnering with us is helping that goal, while we help you with yours. Team up with partners that get it. Who knows? Maybe we'll even hire a wing of this business that specializes in wealth management.
Rent the whole Property or Split it up
Ultimately, it depends on what you desire to do: whether it is better to have one tenant rent the whole property for a larger sum, or to plan out and separate parts of the whole.
To us, this property represents a main house and a barndominium, which are two sources of income from the same property, if zoning allows it.
Short term rental Management
Got a home near a destination spot that you still want to access when you’re visiting, and you want to make money while you’re not there?
We can manage the care and cleaning of these short-term investment properties as well. Having trusted local partners who ensure your home is best represented and reviewed by guests is a key part of always being booked. The risk increases, but so does the earning potential. Contact us today about getting your property in front of others on sites like Airbnb and similar platforms.
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Stress less and profit more. For out-of-state investors looking for the right managers for your investment, let's chat! Click "Let's Chat!" to get started today.
How Many RV Spots Do You Have to AirBnB?
How many RV sites can you put on your property along the outer edges to list on Airbnb during the summer months?
How much will it cost to install a holding tank and what are the ongoing costs to have it pumped out? Let's talk about ways to maximize your space to maximize your earnings. A no-hookup site near popular attractions might only yield a small earning.
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However, consider this calculation: four sites on your property x $45 per night x 2 nights x 12 weeks of summer = $4,320 in earnings for wooded areas that your primary tenants won't use otherwise.
If you have more to invest, significantly more money can be earned by running hookups to your sites.
Our Team is Dedicated
It's our intention to expand from outsourcing services such as landscaping and winter plowing. We plan to hire our own fleet of diverse maintenance and property care specialists to perfect our craft. This is currently only a vision, but it is a cost-saving step that will have to be taken to truly offer quality care for your properties. In the beginning, this is a huge expense, but we believe that both investors and you, the clients we serve, will see the value in working with us. You'll watch us grow with your growth and, in a short time, add this division to negotiate lower contracts with you as our cost of operation decreases.
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When we ask the Lakes and Mountains community what they need more of, we hear this: There aren't enough companies that can maintain properties. From simple service calls from an Airbnb customer about a clogged sink to a full winterization of a camp, ongoing seasonal property care, and winter roof-clearing, we see a clear and immediate need. Our desire to serve will make this an area that we grow into as a priority.
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Investors should take notice of the far-reaching ability of a division of service trucks that can pull lawn equipment and plow, as well as a van to handle maintenance calls. This would expand the reach of Luminant Realty Advocates beyond a management company. By acquiring contracts with other properties, we will earn greater potential and return investments faster.
