Real Estate WEALTH Magazine Real Estate WEALTH Magazine - DOWNLOAD IT HERE! | Page 116

What Investors Should be Demanding, pg. 92

Armando Montelongo, pg. 115
requirements also streamlines the leasing process and
keeps the pipeline clear of those who won’t qualify. over television. Besides, I always knew television
would still want me.
4. FAST TENANT APPROVAL
Slow operating property management companies and
HOAs that drag their feet on approvals are a major detri-
ment to the real estate market today. They hurt all parties
involved, including neighboring unit owners. Q: There are a lot house flipping house shows and
training companies that have imitated you. Why
do you keep growing in the marketplace?
A: I think it’s because the focus is on our students to
give them a real product. We really do house flipping.
I did it before the recession, I did it during the reces-
sion and I still do it today. We have the pulse of the
market. We know what’s happening in the market
before it happens.
5. TRACK RECORD
Just as with looking at renters’ track records, property
owners should be looking at manager’s track records to
predict future performance. Many, many people are try-
ing to jump into the PM game to capitalize on the current
surge in rental property ownership. Watch who you pick.
6. ONLINE PAYMENTS
Renters must be able to pay online today. Failing to have
this capability is just asking for performance issues.
7. REGULAR PROPERTY INSPECTIONS
Pam Blanco says, “It is surprising how much damage a
bad tenant can do to an asset in a short period of time.”
Sometimes you just never know, despite how great a
prospect appears on paper. Thorough managers will
schedule regular property inspections and document
them to preserve assets.
8. ONLINE MANAGEMENT TRACKING
Investors should also expect transparent and up to date
details on their property to be accessible online, all the
time. This may be proprietary software, or using prop-
erty management tech tools like PropertyWare or Rent
Manager. v
~Article by Tim Houghten
Q: So is the saying true... that when you’re the
leader, everybody wants to bring you down?
A: Yeah, there’s a level of truth to that. It also makes
you tougher, and if you get past those challenges,
then you and your network go to a whole different
level. That’s what’s happening with our students right
now; they are seeing more success than ever.
ABOUT PAMS
Pam Blanco is the founder and owner/ broker of
PAMS (Property Asset Management & Sales). She has
been in real estate since 1991, and has built a robust
team of industry experts to service single family, multi-
family, and commercial real estate income properties in
Texas.
For a list of properties, which are ideal for turnkey
cash-flowing investments in Texas, or to find out more
about how PAMS can enhance the performance and prof-
itability of your real estate assets, or help with evaluat-
ing potential acquisitions, go online to: www.PamTexas.
com or call 682.558.8900.
Realty411Guide.com

Q: Armando, we have to address this. You have
a lawsuit where a number of people said your edu-
cation didn’t work. How do respond to that?
A: Well, their attorney got a lot of free publicity off of
me, so I’m not going to expand too much on it. What
I can say is that 35 of the plaintiffs were recently dis-
missed from the lawsuit and another 30 were already
dismissed, so it’s down to about 100. And of those,
about half of them are either working for competitive
companies are have opened companies to compete
against me.
Q: Your education company is growing, so why
get back into tele