Page 249 - Trump University Commercial Real Estate 101

Use a Time Multiplier

imagine the message you send with your first surprise visit: Wow,

the owner might show up at any time, so we need to be on our toes.
Naturally, make sure you reward a company that ’ s doing a
great job without having to be told again and again to do it.
On the other hand, if you do happen to give the company
notice that you ’ re coming to town — and even then the property
seems in bad shape — it ’ s time for a serious discussion about why
this happened. It may indicate a poorly run management com-
pany. Give them a warning and plan a surprise visit in about 30
days. If your property is in the same condition, give them their
notice.

Management companies are key to your ability to grow your
company and your fortune. Manage them effectively and you will be
successful.

In the Next Chapter

We ’ ve covered a great deal of ground in the preceding chapters. But in
one sense the best is yet to come — selling your property.
As you know, I ’ m a big fan of large amounts of cash fl ow streaming
in, month after month, while I hold a property. But nothing comes
close to the feeling of finishing a deal and being highly rewarded in the

form of a big, fat check.
In the next chapter we take that last step and discover how to max-
imize your payday.

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