Welcome to MW Real Estate Solutions and Olivia Homes!
Welcome to Midwest Real Estate Solutions and Olivia Homes, where we are not your typical real estate company. What makes us different is simple. We are committed to helping you, and your family in a very timely manner. We work with homeowners that may be up against strict timelines, and may need to sell their property quickly.
Best of all, there are no surprises, just sound advice and professional service, backed by our commitment to excellence. On top of that you will receive personal attention at each step of the process.
The biggest mistake we see homeowners make is that they do not explore all of their options and simply run out of time due to pressure and stress. Pick up the phone and call us immediately to set up an information only appointment.
Call Midwest Real Estate Solutions and Olivia Homes at 1-800-HOPE-DAY
To better lives and communities through real estate education and proven real estate solutions.
It would be nice if all tenants were warm and loving to your property. Unfortunately, there will be those who will cause rental property damage either intentionally or not. When that occurs, you will need to assign rental repairs as quickly as possible by using the tenant’s security deposit which is designed for that purpose. Here are a few tips that you will need to follow in case your rental property becomes damaged by a tenant. If you do not properly document what occurred, you are asking for the tenant to file a lawsuit when withholding their security deposit which they will probably win. Take Photos Perhaps the easiest way to deal with damage to your property is having a photographic record of all rooms in their pristine state and then taking photos when they are damaged. You can take the photographs during the time the tenant moves into the residence and then take new photos before repairing any damage that has occurred. By doing the proper documentation which only takes a few moments, you can protect yourself when tapping the security deposit to make repairs. Make the Tenant Aware of the Damage ASAP Right after you photograph the damage, you will need to alert the tenant as soon as possible. You can start with a phone call and leaving a message if they do not answer. However, you’ll want to follow up with a certified letter so that the date can be independently confirmed as to your notification. This protects you in case the tenant claims no knowledge of your notification. Provide Cost Estimate for Repairs You should have one or more contractors to call and get estimates for repairing the damage. You can inform the tenant about your steps in repairing the damage and they may offer to pay out of pocket rather than tap the security deposit. If so, that is reasonable on their part if the repairs are carried out. You should provide estimates from three different contractors so there is no favoritism. The key is to get the repair done in a reasonable amount of time, so do not tolerate any unwarranted delays. Show Repair Amounts to Tenant All repairs will warrant some type of payment from the security deposit or directly from the tenant. You will need to show the breakdown of the costs, even for small repairs such as fixing a broken toilet roll dispenser. Any repair that requires money to fix or replace should be part of your cost breakdown. By being upfront with your tenants, you can help ease their concerns, but do not expect to be very popular. After Photos Remember that most damage that is discovered usually occurs during the final inspection before they leave. So, be sure to take photos of the damage and when the repair work is completed, take more photos to show what has been done. Dealing with rental property damage is never easy, but it is a necessary part of being a landlord. By following the proper steps towards discovery, documentation, and rental repairs, you can make the process as simple as possible. Enter your email address below to join our newsletter which has real estate insider tips and tricks Name * Email *...read more
To get the loans needed to secure real estate, you’ll need to increase your credit score as much as possible. The higher your credit score, the better off you will be when it comes to getting loans. The good news is that there are several ways to boost your credit score, although some efforts will take time. So, be sure to start as soon as possible and expect to wait a month or more before the full effects are reflected on your credit score. Remove Errors & Old Information You will need to look over your credit history to ensure that all the information is correct. Quite often, there is information that is out of date or even false which is holding back your credit score. You can alert the agency that the information needs to be removed with the appropriate proof and it will be gone from your credit score once approved. For some, this will significantly improve their credit score while for others it may not have much of an impact. In either case, it is important that you keep your credit score current and free of misinformation. Minimize Your Outstanding Balances How much you owe, even if it is still lower than your maximum balance on credit cards for example, has a negative impact on your credit rating. Even by reducing the amounts by a few hundred dollars, you can make a significant impact on your credit rating. Look for ways to reduce what you owe so that your credit score can go up. You may want to take out a low interest loan that covers the amount owed so you pay it off for less money. Use What You Have, Not What You Can Borrow Credit cards are certainly handy, but not necessary for many purchases. The less you pull each month from your credit cards, the better. Get a debit card to pay for everyday expenses such as groceries, gas, and the like. Only use your credit cards when needed for bigger purchases. A few pulls on your credit card each month will not have an impact on your credit score. However, six or more in 30 days will have a negative impact, so you will need to reduce that if possible. Update Each day that you are late in making a payment is one more hit on your credit score. You will need to get up to day and make payments on time so you can avoid any unnecessary damage. Being current with your accounts means paying them off when they are initially due, not 30 or 60 days later. Once you catch up, you’ll start to notice your credit score rising as well. There are many ways to increase your credit score, but you will need to employ as many as possible if you are considering a real estate purchase. Of course, it’s a good idea to improve your credit score regardless of your future investing plans. A little time and patience will be your main assets when addressing the needs of your credit score. Enter your email address below to join our newsletter which has real estate insider tips and tricks Name * Email *...read more
It’s that time when people set goals for the year. Unfortunately, too many people who make a new year’s resolution fail to look back at the one they made twelve months earlier. If they did, most of them would remember that their resolutions were probably the same and they didn’t pan out very well. To correct that for this year, you will need to make a 2017 action plan that you can follow. Here are a few tips to help you keep your resolutions and have a happier 2017. A little effort can go a long way and when you reach the end of the year, you’ll be ready to make new resolutions. Write Them Out You may know by heart what your resolutions are for this year, but you still need to write them out. Transferring them from your mind to paper is the first step in making them happen as you take them from your imagination to reality. It’s been demonstrated that people who write out their goals are far more likely to make them come true. Plus, you can detail out a plan to make them happen by setting up a larger goal and then smaller goals that you achieve month by month so that you stay on track. Understand that Obstacles will be in the Way No worthwhile goal is free of obstacles. So, you cannot let them stop you when trying to achieve a worthwhile goal. Losing weight means restricting what you eat and increasing your activity level. Becoming wealthy means finding the right methods to success and working harder to achieve them. If achieving your goals were easy, then you would have accomplished them by now. So, understand that you will face resistance in one form or another when trying to make your goals a reality. How to Do It Now that you know what to do and have written them out, the next step is figuring out how to make them come true. For example, if you want to lose weight, you’ll need to figure out just what steps are needed for you to achieve this goal. This will most likely mean eating a healthy diet, joining a gym, doing exercises at home, and the like. Create a Schedule and Stick to It Planning requires discipline and that requires the guidance of creating a schedule. For example, if you plan to lose weight this year, you’ll want to create a schedule so that you can map out your progress. You’ll know if you are reaching your goals or if you need assistance. Creating a schedule means making the daily and weekly commitment to seeing that your resolutions come true. Also, remember that failure is part of the obstacles you will face on your journey to making your resolutions comes true. Failure is a part of success and often is needed for you to learn and apply new methods to reach your goals. By making the effort to reach your goals one day at a time, you’ll be able to keep your new year’s resolution. All this, thanks to creating a 2017 action plan that really works. Enter your email address below to join our newsletter which has real estate insider tips and tricks Name * Email *...read more
For those who have just purchased investment property such as home, duplex, or apartment building, there is the temptation to be your own property manager. For some, this can be a rewarding experience as you get to know and interact with your tenants. However, for many it can be a considerable sacrifice of your time which works against the reasons for purchasing the property in the first place. It’s little wonder that so many owners will use a property manager to oversee their properties. Hiring an individual or a property management firm offers considerable advantages. This is true if you find a properly qualified individual or firm to manage your property. Here are just a few of the many benefits that having this type of assistance offers for property owners. Maintaining the Property Every home or unit will require some repair or upgrade from time to time. A proper manager can oversee the maintenance of the grounds quickly and efficiently since they should live on or near your property. This frees you from having to be on call 24/7 or having to adjust your schedule to accommodate an unexpected repair. You’ll have to pay for the assistance, but it will free up your time to focus on other things. Understanding the Rules One aspect that property management firms have is the full understanding of local rules and regulations in respects to running your property. Changes in zoning laws, rules that dictate relationships between landlords and tenants, and other regulations and statues that govern how rental property is managed can be quite daunting for property owners. While it is important that owners have a good understanding of the appropriate laws, a property manager will know all the nuances. Rent Collection One good purpose of the property manager is that it puts someone between you and the tenants when it comes to collecting the rent. It takes a certain type of personality to go after tenants who are late with the rent. Therefore, hiring a good manager for your property helps because they are motivated by your paycheck to ensure that your tenants are paying on time. Locating Tenants Arguably the toughest task for any property owner is finding tenants to fill up the vacancies. You are not just looking for anyone, but those who make the best tenants. When you use a property manager, they will be there to show off the property and screen the applicants until they find the best. A good property management firm will help ensure that you get the best tenants for your property which keeps repairs down and raises the status of the property itself. Allows You to Live Your Life When you use a property manager to oversee your tenants, it frees up your time to run your own business and do the things that you want. This is because the needs of your tenants or property may be minimal for weeks at a time and then suddenly there are surprise issues that arise. Having a qualified person or firm run your property offers many benefits that well exceed what you pay for their services. Enter your email address below to join our newsletter which has real estate insider tips and tricks Name * Email *...read more
One of the most important tasks you need to accomplish if you are investing in real estate is building your buyers list. This is because so many deals appear quickly, so you must be ready to make a fast transaction. The sooner you can build a reliable list of buyers, the better off you will be when acquiring investment property. We Buy Houses You probably have seen signs that have individuals or companies will to pay cash for houses. This can be a great source for your buyers list because they have the cash needed to purchase residential properties quickly if the price is right. You’ll need to call and ask which types of properties they are mostly likely to purchase. This is because you may run across a niche property that only certain ones want to buy. By separating the single-family home buyers from multifamily and commercial property buyers, you can start building up your list quickly. Network in Your Area You will want to focus on the local market and take advantage of all networking opportunities that are available. Just by listening you can find out about who is purchasing properties in your area. You can go to REIA meetings and speak with real estate agents along with lenders which will give you an idea of where you can start your buyers list. Be sure to collect business cards and make a few notes as to which buyers are interested in the properties that you want to purchase. Social Media Contacts There are real estate agents, mortgage brokers, lenders, accountants, and attorneys who may have buyers as part of their client list. You can find them on social media accounts such as Facebook and ask if they know someone who might be interested in making fast transactions in real estate. It shouldn’t take too long to find those in your area who invest in real estate properties. Once you gain some contacts, send them a message explaining what you do. List of Cash Sales Your real estate agent will have a list of those who purchased properties with cash. You can take the information and visit your city hall where they keep records of the buyers thanks to their tax payments. You should send them a letter first which tells them of your intentions. However, if they have a number to call, then that might be a good way to introduce yourself. This is because you are offer Craigslist Admittedly, Craigslist takes a beating for certain practices, but they are still one of the best places to find potential investors. This is a great place when it comes to building your buyers list, however you will need to do some research. The good news is that you can see the properties that they are buying. This provides you with insight into the types of properties and locations they are interested. By using these tactics, building your buying list should occur over a short period. By having a good list of buyers, you can quickly find who you need to help you with your next investment. Enter your email address below to join our newsletter which has real estate insider tips and tricks Name * Email *...read more
The email campaign has been part of digital marketing virtually since its inception over two decades ago. Although the internet has changed considerably during that time, especially with the advent of social media and the move to mobile devices, email is still one of the best ways to reach out to leads and keep customers close for repeat business. Here are a few tips that will reinforce why the email campaign is still a strong, viable part of your online marketing efforts. The tips will help you create the type of campaign that gets noticed and improve your results. Enticing Subject Line Everything starts with having a subject line that pulls in the attention of the reader. You will want to be creative so that it draws the attention of the person. If they have subscribed to your email newsletters, you will still need to create an interesting, inviting, and ultimately unique subject line so it gets their attention and has them wanting to open your email. Show You Want to Help Them It may seem selfish to think in terms of “what’s in it for me”, but the truth is that many people do think that way when seeing your email. Understanding how your services or products improve the lives of others needs to be a big part of the information you send. By creating a clear email that gets straight to the point, you can demonstrate how your products or services can be useful to them which increases your chance of making a sale. Make Purchasing Easy It’s not just about making contact. It’s about creating the right conditions for the customer to buy. The heart of your email campaign is to turn leads into buyers which means having a place where they can respond in the email itself. You should try to read and respond to the replies as soon as you can to improve your overall sales conversion. Sets Up Face-to-Face Meeting As part of your selling effort, you may need to meet with potential clients or business partners. The proper email can help set up the meeting in the right way. You can start by going to their website and finding our more information so you can tailor your email with the right notes. By treating your email as the start of a presentation, you can get more success from your face-to-face meeting. Follow Up on Leads When you consider that it takes multiple attempts before a lead becomes a customer, it’s vital that you follow up on your first efforts. By being diligent with following up with prospective leads, you can make the quick transition to sales based on your email efforts. The success of your email campaign will depend on setting your business part, being proactive in reaching out to potential customers, creating better meetings with business clients, and following up when necessary to make the sale. A little work and persistence can go a long way towards boosting your sales and improving your bottom line when you use emails in the right way. Enter your email address below to join our newsletter which has real estate insider tips and tricks Name * Email *...read more
Winter can play havoc with your real estate property. All it takes is a frozen pipe that bursts to cause considerable damage. However, taking the appropriate precautionary measures to winterize your home may lead to considerable savings in the future. All it takes is a little preparation and maintenance to help prevent the cold temperatures from causing real damage to your property. Furnace Maintenance One of the best ways to ensure that your tenant does not have a furnace issue in the deep cold of winter is to have it maintenance before the temperatures plunge. By being proactive with annual maintenance efforts, you can keep the furnace working well into the winter months. Replacing a part that is wearing out costs a fraction of having to repair the damage the part will cause in the depths of the winter months. So, a little preventative maintenance can go a long way toward keeping the furnace working sound. Insulation The more insulation you can stuff into the attic and walls, the better it will be for the property. This will lower energy bills and keep the house cozy during the winter months. You should also check for any cracks or gaps in the roof and walls so they can be repaired. You can hire a professional to check out the home and see if additional improvements can be made for insulation purposes. Clean the Gutters One of the more overlooked ways to winterize your home is cleaning out the gutters. You’ll want to do so after the leaves have fallen, but before winter truly sets in. Clean gutters allow the winter rains to pass through properly so they do not damage your home. Not cleaning the gutters means they will quickly pack with snow and freeze. You’ll want to clean out the gutters that have been packed with snow or add some type of protection so they stay clear. Energy Saving Doors & Windows Entranceways take the brunt of the winter cold, so be sure that your doors and windows are energy sound. Keep in mind that even a small space under the front door, back door, or the door leading into your garage can allow cold air to seep in. You’ll want to look for any cracks around the window areas and get storm windows if possible to add further to the insulation of the home. Heavy curtains can also act as insulation, so keep that in mind when upgrade the real estate property. In addition to these efforts, you’ll want to make sure the air ducts are clean and heat is coming out through every vent. Find the location of the pipes entering the home so you’ll know what area to keep heated so they do not freeze. In older homes, the garage is often the entryway of the pipes to the home itself. If you have a central air system, purchase a cover so that leaves and snow do not get packed into the fan. Taking a few precautions to winterize your real estate property can put money in your pocket in the long run. All it takes is a little effort which can save you considerably during the coldest time of the year. Enter your email address below to join our newsletter which has real estate insider...read more
Your success will depend on fashioning a marketing campaign that creates leads and converts sales. It’s not so much how many leads you can find, but how many you can convert to customers that will make or break your business efforts. While many consider the cost of their marketing efforts, the real concern should be about the Return of Investment (ROI) that it generates. This means that you will need to refine your campaign over time to ensure that you are getting leads which easily convert to customers. Here are a few tips that will help you refine your marketing campaign so that you can get the best results. Be Specific This means that you need to know what to do and what you want to achieve before you start. You’ll need to do some research, go over your last marketing campaign to view the results, and create specific goals that you will want to meet. The goal is to find in the real estate marketing who want to sell properties best suited to your overall efforts. So, if your focus is on short sellers, then you’ll be looking for homeowners in distress. Remember, there is no perfect campaign, but you can make it as good as possible by focusing on a specific goal. Reflect Your Work Ethics Basically, you must create a campaign that works for you. While you should be encouraged to try new things when executing your campaign, it still must fit with your own attributes or else it will not work. For example, you may find that another investor has had success with their campaign. You might be able to emulate their efforts to a certain degree, but not 100% because you are a different person. The best way to approach this is start small, judge the results, and look at your comfort level with pursuing this strategy. Look at the ROI It all comes down to how much you are making off your marketing campaign that is the ultimate judge of its success. You will need to refine it from time to time, but you must look at how much success you are enjoying to know whether it is working. You may find that spending less yields better results in terms of getting the word out that draws in potential business. Social media for example is a very effective, low cost method to reach new prospects. You may also find that spending more in certain areas gets a better ROI. This means experimenting to find what works best for you. Provide Value The appeal of what you offer comes down to how it benefits the intended party. Whether you are solving a problem or providing a benefit that people need, the focus on your marketing efforts should be on adding value to the lives of your intended customers. By making value the focus, such as helping homeowners avoid foreclosure through a short sale for example, you are adding a more attractive element to your advertising. What will determine your success will be the persistence you have in sticking to your marketing campaign. While you will need to refine elements of it from time to time, being persistent enough to see it to the natural end is crucial for you to get the most ROI...read more
How you start your morning will set the tone for the rest of your day. So, by adjusting your morning routine, you can get your day off to a much better start. This means that you will need to wake up earlier, have at least some of your day planned, and get started so that you can accomplish more with the time that you have gained. Here are four simple tips to help you create a proper morning routine that will make a big difference in your day. Go to Bed On-Time It may seem counter-productive at first, but working late nights and early mornings only succeeds is wearing you out quickly. You need to do more than just work hard, you need to work smart so that you get more done in less time. Staying up late means that you are negatively affecting the productivity for the next day’s work. So, instead of trying to push yourself night after night to get things done, set a reasonable time for leaving work and come back the next morning to finish it up. Wake Up Earlier To get more out of your morning routine, you must wake up at an earlier time so that you can get started the right way. You should consider waking up about ten to fifteen minutes earlier than normal so that you can get started sooner and get more accomplished. The old saying of the US Army is that they get more done by 9 am than many others do for the entire day rings true to a very large extent. You’ll want to extend that ten to fifteen minutes up to an hour. By starting earlier, you get a jump on what needs to be done and that momentum can carry you through your work day. Exercise It may seem a little counter-productive at first to wake up earlier only to spend 15 to 20 minutes exercising, but that will help get the blood flowing so that you can take on the day without wearing yourself out. You can walk for 20 minutes, ride a bike, do some high intensity interval training (HIIT), or hit the gym for a brief routine. Whatever works for you can help provide the boost needed so that you get started on the right foot. Plus, if you drink some water when you wake up, that will help loosen up the body and get you ready for your exercise. Create a To-Do List Right before you go to bed, create a quick to-do list so that you can get them done quickly to start off your day. Plus, you’ll want to jot down your goals so that they are accomplished before the end of your day. Be reasonable when listing your goals so that you are not pushing yourself too hard. However, you will want to get enough accomplished that it takes the day to get it done. So, make a quick outline of what is important and needs to be accomplished that day and set up a reasonable time frame. When you mark off each accomplishment, you may have even more time to get other things accomplished thanks in part to your morning routine. Enter your email address below to join our newsletter which has real estate...read more
When it comes to hiring the right contractor, it does take a little research on your part. But the time will be well worth it when you find a contractor that offers the best services for the right price. All you need to do is follow a simple checklist that will put you on the right path to finding the right contractor for your needs. Properly Licensed and Insured The first step is getting a list of local contractors who are properly licensed by the state. Any contractor who does not have a license is one you need to avoid as it may cost you dearly in the long run. In addition, you should only choose contractors who are insured. If they should cause an accident on your property, their insurance will cover the damages and medical expenses. However, if they are not insured you may be left holding the bill. Local Zoning Laws & Permits Hiring the right contractor means that they understand the local zoning laws and know what permits to get to work on your home. A lack of knowledge in this area means that the contractor is either inexperienced or unfit to do the work. In fact, it is a good idea to learn the local zoning ordinances to see if your project needs special permits or permission. Referrals, References, and Accomplishments Although many people start with a quote, you should look at the previous work of the contractor. This means getting referrals from previous customers so that you can see the work they have accomplished and learn more about how they accomplished the project. Most contractors have references and referrals so that you can ask questions about how the work was done, how long did it take, and if there were any issues along the way. Keep in mind that all referrals will be positive ones, so you may want to look up independent customer reviews as well. Quotes Once you have narrowed your list to two or three contractors, get quotes from the about the project you have in mind. Do not automatically choose the lower quote because there might be something in the other offers that makes it a better deal. After all, you are looking for the best quality at the most affordable price, so be sure to look over each quote carefully to see what is being offered. This will help you make the best-informed decision about which contractor to choose. Talk about Communicating with Each Other Hiring the right contractor means communicating with them effectively so that you know what it going on without seeming to micro-manage their working environment. Remember, you have hired the contractor based on their overall quality, so you should trust them to a certain extent when it comes to letting them do their job. An update every few days by phone or email is a good way to stay informed. Plus, you should be updated on the completion of major areas of the project as well. Long Term Relationship You should think about the long term when hiring a contractor, particularly when you have several projects you want accomplished over the next few years. The contractor you hire today may be with you for a while, so think about their quality of work and...read more