All Forum Posts by: Michael Healy

I search for 4+ bathrooms if the portal doesn't have granular filters for multiplex.

http://www.nrc.nl/multimedia/archive/00197/091107Z_huizenprijz_197427a.jpg The average house on the Herengracht now costs 2.6 million euros. That is, on an inflation-adjusted basis, just a bit less than in 1736, when house prices along the Herengracht were at their historical high. If house prices keep rising at their current tempo, the 271-year-old record will be tied in 2008.

David Faulkner I don't disagree with you but if someone is just getting started (like me) or lives 2 hours away from properties (like me) it's nice to know there are more than two options separated by 10% of gross revenue.

 @Bryan Otteson, that's a fair point, for sure. In this case, I explained that it was because it would cost me $1.99 to purchase the rod and $8.99 to deliver it. (I live in NYC and the property is in DC.) She never abused the privilege and I would've put a quick stop to it if she had.

To your second point: true, but I feel like I'm responding to the usual false dichotomy often presented in discussions of PM: to wit, EITHER:

1. Pay 10% of gross revenues to have PM; OR:
2. Personally make 3AM calls to deal with clogged toilets

I'm merely challenging this notion. Personally, I want to cultivate relationships with contractors and repair people and don't want to delegate that to a PM.

My suggestion would be to assess the actual revenue and expenses and look for minimum 10-15% cash flow. Offer whatever will get you to your desired rate of return, factoring in repairs.

I wish her luck James Austin ! To be fair I think my mom had her house priced too high for a long while. She eventually came down realizing that cost of upkeep and insurance wasn't worth holding out for a higher price.

My mom lived there for 25+ years in a big nice house with a pool/lanai on a canal next to a country club with a view of divers and manatees. I kind of hated the area. She loved it. It's the kind of area that said "no thank you" to the interstate when it was built and has had some tough economic times. Mostly retirees and second home owners in the nicer areas. The working locals don't have robust employment options. Mobile home parks filled with Trump voters on disability. (Sorry!) My moms house was appraised for $1.4m in 2005 and she sold for $549k in 2015 after being on market for three years and having a year go by without a single person looking at it. Many homes need expensive mandatory flood insurance because of hurricanes. I imagine there could be some profitable MFH or apartment complexes especially around Dunnellon. The area always made me a little sad when I visited. I'm sure it's like many places in our country right now.

CrossFit. All I have to do is show up and it does the rest. Sometimes I trick myself and say "oh I'll just go and do a little stretching" and I end up doing the WOD anyways. And sometimes my best performance is on days when I'm tired and just "take it easy." I've learned over the years that "how I'm feeling" isn't always an accurate measure of how things are.

Thanks all. This just seems like common sense and I'm glad I'm not missing something. My first ever tenant called me a lot to ask things like if I could get a replacement rod for one of the blinds and I was like "$1.99 at Home Depot--feel free to deduct from next months rent. " She also called me about light bulbs. A little training and she never called again and has been a model tenant ever since.

Chris Pohlson I'm definitely leaning toward the smaller bank and my experience of service has been incredible this far. It's so nice not being just a number and being to talk with a lender about goals and creative strategies for making them happen.