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20 June 2024 | 23 replies
I also use property managers for my properties.Additionally, unless you are an expert on Fair Housing laws you can easily find yourself in violation even when you think you are acting reasonably and find yourself in a lawsuit or under investigation.Finding reliable contractors is an issue and a good property manager should have those relationships saving you time and hopefully money.Navigating non-payment of rent or an eviction can be time consuming and expensive and a good property manager should help you avoid needing to do that with good tenant screening or have the legal resources to deal with it if you have to.You do have to manage the property manager and watch expenses especially for large repairs.
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19 June 2024 | 4 replies
We have also partnered with a reliable general contractor who will be investing in the project and has extensive experience in mid-scale hotel construction.
18 June 2024 | 6 replies
Plus, teaming up with a property management company can help find reliable tenants and maximize rental income.
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17 June 2024 | 26 replies
This is because they will likely have references to reliable and trustworthy contractors and investor-friendly.
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17 June 2024 | 2 replies
In the past, these sources have been pretty reliable when I'm looking to get a second opinion for market insight and analysis as well as a source of referrals.
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17 June 2024 | 4 replies
The wifi is what will allow you to access the door remotely.If you don't want wifi on it, Then you can still get a smart lock you'll just need to pre-program several different codes into it, and then give out those codes appropriately but you'd need to be on site at the door itself to program initially or update it.From personal experience I find the touch screen or wifi locks to be complete POS's that are not reliable and the battery does not last long.
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17 June 2024 | 25 replies
Also, what is a good resource to find reliable property managers?
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16 June 2024 | 4 replies
talk to the dept of health first (records requirements etc), establish what upgrades/maintenance required, line up a reliable repair/handyman/type person, consult lawyer, and then make your offer, see if you can buy the land it's on via lot line adjustment (ideal scenario). a lot to be aware of, such as system upgrades or county code changes bringing in the requirement to add metered connections to an older small system, for just one example.Otherwise- owner doesn't want to manage, I doubt you really do either but could be wrong.
17 June 2024 | 8 replies
I have found time is better spent building tools to quickly analyze & procure new deals, rather than hyper-analyzing the metrics of one deal, ultimately making initial review faster & more reliable (spend time on the things that make sense, quickly remove things that don't, even junior-level staff can identify good opportunities with the tools, etc).For example, if I'm modeling a SFR to 3-4 unit scheme, I can quickly check the $/sf/mo for each of my proposed units and get a good idea of the GOI without having to manually dig through & find rent comps in that City/Zip:- So instantly I know in Woodland Hills that a Studio is close to $5/sf/mo on avg, 1 Bedroom closer to $4/sf/mo, with the 2 & 3 Bedrooms closer to $3/sf/mo.
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18 June 2024 | 0 replies
The fact that a lot of this data is now estimated has a lot of market experts calling into question whether this data is reliable—and provides an opening for entrepreneurial people and companies to look for other ways to measure the data.Fed meetings, minutes, and media interactionsWhile Federal Reserve meetings are when specific rate changes (or no changes) are announced, by the time the actual announcement happens, markets and rates rarely change too much since the move is generally predicted and priced in.