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25 November 2024 | 22 replies
Here's the main dashboard that gives a list of all the properties and all the KPI's I was interested in tracking including rent paid in full, occupancy %, # of delinquencies, # of upcoming lease expirations, # of upcoming lease bumps, and if there are any expense questions from the P&L: You can click on any of the properties, and it will take you to the properties Income report.
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23 November 2024 | 3 replies
Each unit is individually owned, with some owners holding multiple units.A few things I’m trying to understand better:Pros and Cons: What are the main benefits and challenges of owning multiple units in a property like this with a condo setup?
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24 November 2024 | 1 reply
The property is off a "main road" that goes through town and it is not a city owned street.
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26 November 2024 | 17 replies
My main advice for avoiding liability is: (1) work with a great insurance broker to get comprehensive coverage; (2) avoid signing full recourse personal guarantees whenever possible; (3) max out your 401(k) or defined benefit plan with ERISA protection; and (4) strive to reach a point where you’re not personally involved in the business’s day-to-day operations.Disclaimer: While I’m a licensed attorney, I’m not your attorney.
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28 November 2024 | 18 replies
Once they realize the mistake they made they’re too embarrassed to acknowledge this openly so you mainly hear about the cheerful student “success” stories which the next wave of naive victims rely on.
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5 December 2024 | 87 replies
@George JanCollections violations and licensing requirements are the main liabilities I'm talking about here.
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26 November 2024 | 11 replies
Very helpful, think this is a great outline of the main steps one needs to take for MTR or even STR conversion!
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27 November 2024 | 13 replies
Landlord laws was the main factor why I chose to invest out of state and have been happy with my decision to do so.
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25 November 2024 | 16 replies
Our lawyer wrote up the loan doc, they borrowed $60,000 to renovate 123 main st, I got first position lien on 123 main st, they paid $500/month interest and the $60,000 lump sum back after 12 months.
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25 November 2024 | 11 replies
So I'll keep my current plan of photos and video as the main source for "showings".