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3 November 2024 | 15 replies
Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.
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6 November 2024 | 18 replies
It's understandable that you want to see your property's performance.
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4 November 2024 | 14 replies
Many investors will do a duplex, make one side a long term rental while the other side performs as a short term rental.
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31 October 2024 | 17 replies
You can go after that.c) What does the Contract that you signed for the project have to say about 'Non-Performance'?
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4 November 2024 | 10 replies
1) Rarely paying asking price or even "market price" for a property.2) Understanding how they may be able to reposition a poorly managed property for increased cashflow and value.3) Looking for creative financing, so they don't have to deal with a bank for a purchase loan.4) Understanding ROI, Cash-on-Cash, NOI, etc. and using those numbers to determine HOW MUCH they should offer on a property to meet their taget performance numbers.Funny, appropriate, recent interaction with a plumbing company.
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31 October 2024 | 9 replies
Hello @Tyler Bailey,The decision to sell depends on how the property has performed in relation to the requirements for an income enabling financial freedom.
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2 November 2024 | 19 replies
So the performance here is really on me.Based on the opinions and realization I’m now leaning towards a middle of the road approach - keeping the SoCal room rental house, get that to market rates (~6% ROE) and 1031 the mountain houses.
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3 November 2024 | 20 replies
Would love to know who else in this post owns a STR in north GA and how they are performing.
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5 November 2024 | 28 replies
Next you want to form an LLC that will serve as the management company for your LLC and perform duties including rent collections and sign all contracts on behalf of the business.
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26 October 2024 | 10 replies
There is a relationship team sourcing deals, then due diligence teams to perform DD, and ultimately investment committee meetings and sign off.