Jay Hinrichs
MF owners how are you going to keep tenants with EV's
28 November 2024 | 22 replies
The reason is there is usually a resturant or other retail shop there and now you have customers you would never have that WILL spend money while they wait 20 to 30 minutes to charge.
Jeff Hines
How would you start investing if you had $150k???
17 December 2024 | 86 replies
However, proceed with caution, as these may come with higher interest rates.Relationship Building and Education:Building relationships with local lenders and mortgage brokers is crucial.
Sarah Moore
Crazy Idea to get started. What do you think?
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.
Joe Steinheiser
Insurance for flips or renovation
15 November 2024 | 8 replies
Be sure to get a broker that specializes in these policies, some people are brokers but still do not have access to these types of insurance policies.
Sandhya Gorman
National Association of Residential Property Managers (NARPM)
23 November 2024 | 8 replies
However, the real education is at the Broker/Owner retreat, available only for Broker/Owners.
Jim Miller
Advertising for off market properties
22 November 2024 | 2 replies
If you’re not a NAR member - for example a commercial broker - you’re not subject to NAR rules.That being said, what you post is more important than the disclosure.
Eric Mcginn
Finding the deals
22 November 2024 | 4 replies
I have taken my real estate agent course work and plan to take the exam and sign on with a low cost broker to handle my own transactions.
Justin Brin
Any luck finding landlord insurance in California?
21 November 2024 | 9 replies
You can go through insurance brokers to see what's out there.
Matt Wan
How important is it for a first property to be easy for me to get to?
1 December 2024 | 21 replies
You will need a RE broker, property manager, and a lender at least.
Constance Kang
My Experience of Rich Dad/Elite Legacy Event Scam
14 December 2024 | 101 replies
A Great broker is all you need.. !!!