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15 August 2024 | 86 replies
Best way to prevent: select better tenants...yes that is not always the case but it helps.$2.5K additional lost rent due to 4 month instead of 2 month property turnLoss rent on Small Multi-Family properties minimal unless you had to evict.
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14 August 2024 | 64 replies
Additionally the facebook group here should lend some guidance: https://www.facebook.com/group...If you're going the paid route here are the things I would consider:There are a lot of SEO companies and courses out there and I encourage you to do your own research and due diligence while selecting one by looking at their results with existing clients.
5 August 2024 | 5 replies
To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!
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9 August 2024 | 47 replies
Property management is an art not a science and requires someone with experience and intuition that knows how to evaluate the total picture, not just look at a credit score.
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6 August 2024 | 9 replies
.: It depends on how selective you are and your budget.
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8 August 2024 | 22 replies
As a model, Techvestor syndicates (uses investor funds) to acquire, fit-out and operate short-term rental properties for profit in select markets across the US.
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9 August 2024 | 39 replies
When I apply for the business bank accounts, I give them my LLC's EIN and also my own SSN as the owner and their form asked me if this LLC will be taxed as sole prop or corporation and I selected sole prop.
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15 August 2024 | 57 replies
My focus when selecting properties is to buy only those that my target tenant segment is willing and able to rent.
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5 August 2024 | 3 replies
I still have to see what's happening with utilities, but right now it would cashflow anywhere from $150-$300 (depending on the loan type and DP we select) with a CoC ROI between 9.9%-10.8% (lower than some other options we're looking at, but it already has tenants...)Thoughts?
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5 August 2024 | 16 replies
Interior wise, I really like framed wall art.