All Forum Posts by: Michael Diossa

Alot of the best deals (especially off market and i mean actually off market) are done with emotions. Something that I don't think any platform can achieve.

With that said, I wonder if something like that would work. Not a bad idea

 Good point here

First question to ask is, are they doing their job and well? are the tenants happy with the services in a reasonable matter?

Second- Doing a quick google search the average cost to replace a toilet by a professional is around that price of $400. Granted you could do it yourself and save close to half that.

A PM can save you money by giving you the right suggestions for unit turnovers to increase the rent and yield more. 

A PM should be hired to alleviate the stress and responsibilities that come with being a landlord not with the idea solely on profit. 

Personally the most effective bet is too call other local PM companies yourself because only you can truly express your concerns and maybe get better pricing.It should only take 15 mins per call.

Keep in mind usually smaller less experienced organizations will give you a cheaper option.

if your buddy has a lease that runs through July 2025 and has been paying rent on time with no lease violations, the landlord generally cannot just terminate the lease early without cause. Here’s a simplified breakdown:

1. Lease Agreement: Since your buddy signed a 12-month lease in July '24, he is legally protected until the end of the lease term unless the lease has specific clauses allowing early termination under certain conditions.
2. No New Lease Signed: Since no new lease was signed for the new home and no formal agreement was made, the original lease terms for the townhouse still apply.
3. Landlord’s Request: If the landlord wants to break the lease or has changed their mind about the swap, they would typically need a valid reason, like a breach of lease terms, or might need to negotiate an agreement with your buddy (buy out)
4. Legal Advice: Your buddy might consider consulting a local attorney or legal aid service for advice on his specific situation. They might know the laws better since I do not live in that area.

You’re facing high transaction costs if you sell your properties and some challenges with management and market conditions. Here’s a simplified approach:

1. Calculate Costs: Determine the net gain from selling each property after costs. Consider if the returns from selling are worth it. Also is there is a way to defer Capital gains.
2. Market Conditions: Look into local rental market trends and economic outlook to decide if things might improve or get worse.
3. Management Burden: Assess if managing these properties is too much work and if it’s affecting your cash flow.Alternatives: Consider refinancing to reduce costs or a 1031 exchange to defer taxes and keep investing.

Consult with a financial advisor for personalized advice for sure.

Market is slowing down but a few things to keep in mind. Are the tenants neat? have properties in that same area sold fast recently? if so what is the average price? 

Maybe when it is fully vacant and cleaned it could be sold faster.

I personally would not fire if the communication is good. However i would set up a call to see what should be the approach . Maybe reaching out, posting it on social media, price adjustment etc

Im curious to know more about this. How did you first hear/get into it?

Using mostly cash reduces risk and simplifies transactions but ties up capital. Financing leverages your investment, allowing for more properties and diversification, but involves interest costs and higher risk.

 Wow! thanks for that. I did not know about this law. Definitely will look into it!

 VERY TRUEE