Tiffy W.
Do you suggest renting PO Box to collect rent?
1 January 2025 | 32 replies
It was kinda pricey so I swallowed the bullet with a property manager to avoid headaches.
Tanya Maslach
Who pays - Landlord or tenant?
11 January 2025 | 15 replies
(We lived in that house for years and in other properties we knew this was the case)Disposal: Was newly placed in property before tenant moved in.The fee: $145.We put the fee on the tenant's following month's rent as their responsibility due to resolution provided and plumber's confirmation that the disposal was working fine and structure had no issues.Tenant has disputed the charge, ("other landlords would be appreciative of our notice" "we don't eat a lot" "isn't that what a garbage disposal is for?
Brandon Leo
Advice on Picking Up Commercial Customers?
2 January 2025 | 2 replies
I spent a decade in advertising, before founding and running a custom wood shop for another decade, so 'm pretty good at the self-promotion.I agree with you that the more gorilla approach would be most effective and that's actually what i've been doing – calling RE agents in my service area with active listings, introducing myself to property managers and leasing agents...To answer your question, I will have to handle the work myself for 6-12 months to build out the SOPs and field service management systems, but I have a lot of relationships for those looking to "do the work".I'll check out the meet up and would love to grab a cup of coffee, I'll shoot you an email.
Casi Rice
From Property Management to Real Estate - Utah
12 December 2024 | 4 replies
Quote from @Casi Rice: Marketing idea: find 1-2 trusted property management partners.
Harmonie Borden
From Before to Profit: A Live Fix and Flip Experience
7 January 2025 | 0 replies
Visit the property and learn about various renovation stages, gain insights from our experienced investors / speaker, and learn strategies for evaluating deals, managing budgets, and maximizing ROI.What to expect:Property walkthroughsReview before photos and discuss transformation plansDive into real deal numbers—costs, profits, and challengesNetworking with industry prosOpen Q&A session to ask anything about the process
Hannah Liu
Excited to Learn and Connect in the Real Estate Journey!
31 December 2024 | 13 replies
However, I’ve been hesitant due to challenges like remote management, high interest rates, and low cash flow.
Bruce D. Kowal
The Side-Hustle Timeline: How to Build Your RE Business While Working 9-5
16 January 2025 | 1 reply
What's your biggest time management challenge?
Abhishek Wahi
Question About Location: Plymouth Michigan
19 January 2025 | 3 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases: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.
Vijay Radhakrishnan
Positive experience with Rent to Retirement
9 January 2025 | 4 replies
No issues as of yet and the property management company has been great so far.
Matt Royle
STR on a L1B Visa
7 January 2025 | 3 replies
Based on a quick answer from Perplexity it seems like there would be no issue with you buying the home and collecting passive income, but you may not be allowed to manage it yourself since that is considered active work.