midwest-equity-partner2 (1)
TRANSCRIPT
FUL L -SERVICE IN VEST M EN T REA L ESTAT E. W E H A N DL E EVERYT H IN G.
r ather, you wor k w ith a gold br oker. I f you want to invest in r ockets, you don't study engineer ing and bui ld your own -- you buy stock in a r ocket company. Simi lar ly, i f you want to invest in houses, you could study al l the myr iad ins and of the business, but why not instead wor k w ith the most accountable and har dest wor k ing tur nkey pr ovider in the M idwest?
We under stand the impor tance of your investment and pledge our commitment to get t ing the most fr om i t . When you wor k w ith us, you'l l f ind you have mor e than a sel ler --you'l l see that you've got a par tner.
cl ients. We per for m best when we pr oduce in volume. By keeping their costs low, and by keeping their investments pr of i table, we keep our cl ients sat isf ied. For most of our cl ients, their f i r st deal is the f i r st of many.
M idwest Equity Par tner selects mar kets w ith good inventor y, good
cont r actor s, good pr oper ty manager s, and advantageous economies. We ar e cur r ent ly act ive in M i lwaukee, Chicago, Davenpor t , M inneapol is, St Louis, and Kansas City. Our houses r el iably pr oduce double digi t per centage r etur ns for our cl ients because we pay gr eat at tent ion to wher e, in addit ion to how, we oper ate.
I f you want to invest in gold, you hesi tate at buying a pickaxe and a plane t icket to Alaska --
f ind a r el iable cont r actor, and what k ind of r enovat ion should you or der ? Final ly, and most impor tant ly, how w i l l you manage your house, and how w i l l you f ind a good tenant?
We at M idwest Equity Par tner know the answer s to these quest ions and enjoy employing our substant ial exper ience for our cl ients' benefi t . By dint of our har d wor k our cl ients' involvement w ith their tur nkey houses may be as l imited as r eceiving their r ental income in their bank accounts ever y month.
We f ind the house. We hir e and manage the cont r actor s, and make cer tain they pr oduce pr ecisely the wor k we expect . We manage the house, and we place a gr eat tenant . We maintain ongoing r elat ionships w ith our cl ients -- even after our cl ients buy houses fr om us, they may r ely on our substant ial mar ket pr esence to get the best avai lable deals on management and maintenance.
We r ely on long-ter m r elat ionships w ith our
idwest Equity Par tner is a ful l -ser vice wholesaler : we
pr ovide a complete, hands off appr oach to r eal estate investment for people who haven't got the exper ience, t ime, pat ience, or pr oximity to go about the endeavor as wel l as we can.
H eaded by exper ienced r eal estate pr ofessionals and managed by a dedicated and special ized team, M idwest Equity Par tner has done over 3,500 deals in the past decade. Our cl ients include doctor s, dent ists, engineer s, IT pr ofessionals, r et i r ees, hedge funds, and other s who appr eciate our systemat ic and met iculous appr oach to pr oducing r ental houses.
Invest ing in houses is both r ewar ding and daunt ing. H ouses pr ovide r egular cash f low and may appr eciate in value over t ime. But befor e you invest in r eal estate you must consider : what neighbor hood, or ci t y for that mat ter, should you buy in? H ow do you f ind a dist r essed but pr omising house to wor k w ith? H ow do you
M
F U L L -SERVI CE REAL ESTATE
-The M idwest Team
Accountabil i ty,
Transparency,
and Good Faith
thor oughly. Our scope of wor k dictates how ever y squar e inch of a house is to be t r eated, and fur ther def ines ever y device and accent that we w ish to have instal led in our houses. By avoiding having to del iber ate over what color paint , what br and of stove, and what thickness of car pet padding to put in our houses, we save t ime and money. Fur ther mor e, because we know exact ly what k ind of r enovat ion most appeals to r enter s, we systemat ical ly pr oduce houses that have the best chance of being tenanted quick ly, r educing vacancy costs.
We employ a host of other methods to keep our r enovat ions high qual i t y and cost effect ive. Rather than uni for mly r eplacing ever y big t icket i tem, such as fur naces, water heater s, and r oofs, we only r eplace things that haven't got at least f ive year s of l i fe left in them. Rather than t r ust cont r actor s w ith money to buy needed mater ials, we or der mater ials fr om our suppl ier s dir ect ly, thus pr event ing misal located r esour ces. Also, we don't assign mult iple jobs to a cont r actor unt i l they have pr oven that they can mor e than adequately per for m on one.
We ar e always lear ning and adapt ing to an indust r y char acter ized by constant pr act ical and technological advances M anaging a r enovat ion takes signi f icant t ime and scr ut iny. Our cl ients appr eciate that we tend so car eful ly to such a cr i t ical stage in their investment . A tur nkey house can ver y quick ly tur n unpr of i table i f costs ar en't kept down at ever y stage, and r enovat ion pr ovides ample oppor tuni t y for ever ything to go w r ong -- we stay on our toes!
gr eat r ental house star ts w ith a gr eat deal. At M idwest Equity Par tner we ut i l ize ever y sour ce of dist r essed houses avai lable to investor buyer s. We r elent lessly bid on bank
owned pr oper t ies. We maintain networ ks of sel ler s and wholesaler s in ever y mar ket in which we'r e act ive. We air television commer cials so we may connect w ith pr ivate owner s who appr eciate our compet i t ive offer s in consider at ion of their immediacy. By bidding on hundr eds of houses per week we ensur e the best pr ices for our cl ients.
Once we have a gr eat house to wor k on we immediately set about r enovat ing i t . We only wor k w ith l icensed cont r actor s who w i l l lower their r ates in consider at ion of the ful l -t ime wor k we pr omise. Our cont r actor s fur ther r educe their pr ices by bidding against one another for our pr ojects. Also, because our scope of wor k doubles as a cont r act and because we pay in dr aws, we do not pay our cont r actor s in ful l unt i l they have f inished the wor k that we and our cl ients expect . Our f ield coor dinator s on the gr ound in each of our mar kets car eful ly monitor our cont r actor s' pr ogr ess.
We pay bulk pr ices for our const r uct ion mater ials as wel l . Because we buy so many mater ials l ike f loor ing, appl iances, car pet ing, and mor e, local suppl ier s give us the lowest avai lable pr ices for al l of the things older houses need to feel r ight again. Addit ional ly, we own a H ei l dealer ship and buy and instal l new fur naces at cost .
Standar dizat ion is one of the most effect ive ways to keep costs down, and we employ the technique
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SOU RCI N G & REN OVATI ON
M idwest Equity Par tner has t r adi t ional ly hir ed thir d par ty pr oper ty manager s to over see the tur nkey houses we pr oduce for our cl ients, and we st i l l do in some mar kets. Some of the pr oper ty management companies we've hir ed spr ead their teams over thousands of pr oper t ies -- other s ar e compr ised of a single busy individual w i th a few door s to look after.
Al though we've closely monitor ed the wor k of the pr oper ty manager s we employ, appr oving the tenants and maintenance or der s they've br ought us, we quick ly saw that in or der to best ser ve our cl ients we would do bet ter to br ing pr oper ty management in-house.
RentPr o Team was founded in 2014 as our pr ivate solut ion to our cl ients' pr oper ty management needs. RentPr o manages our cl ients? houses -- i t s r ole is not to tur n a pr of i t , but r ather to keep our cl ients happy so they?l l keep invest ing in our mar kets. Because of this, RentPr o is the most accountable and cost -effect ive pr oper ty management solut ion for our cl ients.
We ar e ver y select ive of who can l ive in our cl ients' houses. Please see the sidebar for mor e on our tenant select ion cr i ter ia. Once tenants ar e placed, i t is RentPr o?s job to keep them happy. Contact w ith the team is always avai lable. M aintenance cal ls ar e pr ocessed quick ly and thor oughly. We l ike the smal l touches, too: at Chr istmas t ime we br ing toys to our tenants? chi ldr en, just to show them that they mean mor e to us than a paycheck.
M aintenance is the other gr eat value RentPr o br ings to M idwest Equity Par tner ?s cl ients. Because we r eceive bulk pr ices on the labor and const r uct ion mater ials we use in our r enovat ions, we can also pr ovide the most cost -effect ive maintenance for our cl ients? houses.
Wher eas your t ypical pr oper ty manager may pick an H VAC special ist or plumber out of the yel low pages, M idwest Equity Par tner knows a t r usted cadr e of pr ofessionals who lower their r ates in consider at ion of the gr eat number of hour s we offer them. Windows, gas l ines, washing machines -- anything that can br eak in a house, we get for less because we buy so many of them.
Addit ional ly, RentPr o makes cer tain that fr ivolous maintenance cal ls ar e pr evented. Oftent imes a tenant w i l l cal l w i th a complaint along the l ines of, ?I plugged my vacuum, space heater, and hair dr yer into one out let and al l the l ights went out . Send over an elect r ician!? Befor e pr ospect ive tenants can l ive in a M idwest Equity Par tner house, RentPr o shows them a shor t video about al l the things they can do to maintain their house. Simple things l ike cir cui t br eaker s, l ight bulbs, and toi lets ar e al l explained in the video, which means no
fr ivolous maintenance cal ls and plenty of money saved.
Pr oper ty M anagement
Tenant Placement
Midwest Equity Partner
would rather leave a
property vacant than burden
it with a poor tenant. A bad
tenant means property
destruction, non-payment,
eviction, abandoned animals
-- you name it, we?ve seen it.
The following is our exacting
tenant placement criteria:
- Income must be at least
three times greater than
rent.
- Employment must be
verif ied, income must be
proven.
- Credit score must be 550
or greater.
- Debt payments must be
less than 35% of income.
- All other bil ls must be paid
(an applicant who doesn?t
pay phone bills isn?t going to
pay rent).
- No felonies, period. A
moving or parking violation
is OK, but an applicant who
did time for armed robbery
is never going to set foot in
a Midwest Equity Partner
house.
- As of 4/1/2015 we won?t
accept applicants who?ve
had prior evictions.
- The applicant?s past two
landlords must give a
positive referral (their
current landlord may give
the applicant a glowing
review because they want to
get rid of a deadbeat -- the
prior landlord has no such
incentive, and will be
honest).
M idwest Equity Par tner is pr oud of the deals that we have done. The above ar e only a smal l sample of our wor k, and r epr esent what we do consistent ly and r el iably thr oughout al l of our mar kets. Our houses ar e in good neighbor hoods wher e cr ime and tur nover don't have a mar ked effect on their pr of i tabi l i t y. We do not special ize in neighbor hoods wher e we our selves would be unhappy l iving w ithin!
RECEN T D EAL S
M ilwaukee is a gr eat mar ket to be in r ight now. I t s unemployment r ate has dr opped fr om 13% to 5% fr om 2010 to 2015. Big employer s l ike Amazon ar e moving in, and many Chicagoan companies ar e r elocat ing to M i lwaukee to take advantage of the ci t y's business cl imate. Ther e is an apar tment bui lding const r uct ion boom happening in M i lwaukee r ight now, and the Bucks ar e bui lding a new bi l l ion dol lar stadium and enter tainment dist r ict downtown.
M idwest Equity Par tner is tak ing ful l advantage of M i lwaukee's r eal estate mar ket . By 2016 we w i l l have pr oduced hundr eds of tur nkey houses in Br ew City for investor s whose own local mar kets can't pr oduce deals that come anywher e close to what we'r e achieving ther e.
And, because we per sonal ly manage our M i lwaukee tur nkeys for our cl ients, they only need to have one point of contact to see how their houses ar e doing. I t 's r eal one stop shopping!
M I LWAU K EE
Pr ice: $79,000
Rent : $1,150
CON TACT U S TOD AY SO W E M AY TAL K AB OU T W ORK I N G TOGETH ER!
Phone: ( 6 3 0 ) 2 8 3 -3 9 8 9
Em ail: I nfo@M idwestEquityPar tner.com
Web: M idwestEquityPar tner.com
1 0 9 Fair f ield Way
Suite 2 0 7
Bloom ingdale, I L 6 0 1 0 8
1 0 9 Fair f ield Way, Suite 2 0 7 ,
B loom ingdale, I L 6 0 1 0 8
M idwestEquityPar tner.com
I nfo@M idwestEquityPar tner.com
( 6 3 0 ) 2 8 3 -3 9 8 9