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1 December 2024 | 134 replies
But those basically don't exist anymore.
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24 November 2024 | 19 replies
This can lead to more opportunities and partnerships.Market Understanding: As a property manager, you'll gain a deeper understanding of the local market, which can be invaluable when you start acquiring your own properties.Steady Income Stream: Property management can provide a consistent income, which can be particularly beneficial in the early stages of your real estate venture.Skill Development: You'll develop a range of skills from customer service to maintenance oversight, which are crucial for successful property ownership.Brand Recognition: Establishing a presence as a reliable property management company can boost your reputation, making it easier to attract tenants and investors when you start acquiring properties.Cons:Time Commitment: Property management can be time-consuming, especially if you're dealing with multiple properties or demanding clients.Regulatory Compliance: Staying compliant with local laws and regulations requires diligence and can be complex.Conflict Resolution: Dealing with tenant issues and conflicts is an inevitable part of property management and can sometimes be challenging.Financial Risk: There are financial risks involved, including late payments or damage to properties.Market Fluctuations: The property market can be unpredictable, affecting both rental income and property values.Overall, starting with a property management company can be a smart way to enter the real estate space, especially in an area with a clear need for such services.
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1 December 2024 | 93 replies
That way they're not soliciting you w/o a pre-existing relationship, and you still get to look at their work.
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23 November 2024 | 9 replies
It's important to choose that one and commit to using it.
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26 November 2024 | 1 reply
I have a strong network here and know the key players/stakeholders in the community and am trying to learn how I can get involved to make an impact to change the community and restore the existing (beautiful) infrastructure.
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29 November 2024 | 12 replies
Also, Ohio does not allow "piercing the corporate veil" unless you commit fraud or a crime.
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25 November 2024 | 10 replies
I prefer to self manage because its insanely cheaper and honestly not a huge time commitment.
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27 November 2024 | 7 replies
Definitely look into HELOC/cash out options, but if those don't work in terms of rates or availability I'd suggest using the existing cashflow from your multi to offset a primary mortgage, and then find a primary with an ADU.
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27 November 2024 | 8 replies
My question is ,is house hacking dead and to live rent free no longer exist in todays market ?
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26 November 2024 | 12 replies
Selling some property to pay down high-interest debt is good, but also consider looking into ways to refinance or leverage your existing assets for better cash flow.