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23 November 2024 | 4 replies
Once you have a shortlist, sign up for an account with each one and test them extensively to see how they function.
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25 November 2024 | 0 replies
Doing the proper due diligence & been seeing that in order to use SMS blasting you have to stay TCPA compliant and have the homeowners opt in.
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28 November 2024 | 10 replies
They can ensure it’s done properly and provide advice on your specific situation.
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25 November 2024 | 1 reply
@Toby FellowsGet an attorney and have them complete the process for you would be my recommendation.While it is something you could do, I always recommend spending a few hundred bucks to make sure it’s done and done properly
25 November 2024 | 11 replies
Stessa is great - it really is only missing maintenance request functionality - that's the reason I signed up for buildium.
26 November 2024 | 3 replies
Each bank has a different website, so you may have to search for foreclosures using the search function on these sites.8.
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26 November 2024 | 4 replies
I hired a lawyer to handle it, and she was given proper notice.
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28 November 2024 | 10 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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26 November 2024 | 7 replies
Hey Becky,When you sell the property, the LLC will still technically own the property until it is formally restructured, so you will need to amend the LLC’s operating agreement and update its ownership structure to reflect the change, ensuring the absent partner’s interests are properly dissolved, and taxes are handled accordingly.
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22 November 2024 | 24 replies
Not at all-Just deliver what he took money for -Plans for an efficient functioning of the building.