All Forum Posts by: Peter Tverdov

No one forces you to sign with a service provider. Curious if people also read through the doctors or accountants forms and ask to strike language.

 This. One of our clients insists on home warranties for all of their properties. We had a no heat call that our tech would have handled in 1 maybe 2 days tops. Instead the home warranty company had to go 4 separate times, royally pissed off the tenant, we got dragged into unnecessary headaches...we try to avoid them like the plague. 

The bottom line is most people have no idea how much it costs to actually operate a property and expect nothing to go wrong or just have unreasonable expectations. They DIY, value their time at $0 or hire someone off Craigslist with a questionable background. 

The PM business is a very tough and very thankless business. If you find someone even remotely decent at it I suggest you hold onto them and have a bit of an understanding of what they deal with.

We are always taking interns if anyone wants to see all the headaches a property management company goes through in a week!

Lol this is going to be short lived IMO. I wish I could be a fly on the wall when someone calls about buying a BRRR property like they're for sale at the grocery store. Those are my favorite inquiries from this site.

 There is no way that is a legit cost seg. Mine are 100+ pages with photos.

I have done many cost segs and recommended them to clients as well. Even this year at 40%...maybe it's worth it, depends on the math. Many people do not hold a property for the life of the normal depreciation anyway. 

Just hire a good PMC. The people giving advice to micro mange someone or hire an assistant are also valuing their labor and time at $0. Brilliant strategy.

I figured this was hyperbole, thats why I wanted to ask the DC area realtors.

IMO DOGE is very deflationary, there will be short term pain though. The treasury secretary is very focused on the 10 year rate. 

 I think you belong on reddit you're having a panic attack ITT over Orange Man.

BTW the last round of tax cuts benefitted 90% of people and the deficit...had that pesky thing called COVID...and which governors shut their states down and needed a bailout? I forget.

There are many popular social media posts right now portraying that DC homes are going up for sale all over the place because of DOGE cuts. While it seems possible thats true, people doing this are screen shotting stuff from Zillow. Someone out there must study those submarkets pretty heavily and can explain how housing stock has changed or not changed month over month the last few months...

There might be some short term pain on certain materials but long term it will be better IMO.

It was not normal or sustainable for home values to be increasing 10-20% A YEAR in certain metros.

DOGE is a great thing for interest rates because the 10 year is elevated because we have a 2T budget deficit and its not funny anymore. 

They're very focused on trying to get the budget closer to balanced and as they do, the 10 year will drop which means better mortgage rates which is very pro housing growth.

The guy is not stupid no matter what the MSM says about him. Our President is a real estate guy lets not forget that.