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2 August 2024 | 7 replies
With the lack of comps positive reviews will likely make a meaningful impact on the number of bookings/price you can get.
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2 August 2024 | 16 replies
Of the CRM's I tested that were part of an all in one system, they lacked basic task management.
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1 August 2024 | 10 replies
I believe this is because of the sheer lack of inventory of 1-2 or 5+ bedrooms.
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2 August 2024 | 39 replies
My lack of lead flow is the reason why I ended up downgrading my subscription.- In addition, as part of joining the company we were supposed to have a website set up.
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1 August 2024 | 71 replies
G'Day everyone,The team (@Dominique Osborn, @Sean Mahoney) and myself have an opportunity to on-board 189 units.This would be a very nice "chunk" of new business but to be honest, I'm inclined to pass.I have always believed in doing business on your terms and for terms not to be dictated by someone else.Especially when you are looking to hire us/me to do the work for you.Also, business done right needs to be a win/win for all involved and this doesn't seem like a win for us.I do however understand the caution and reluctancy to "let go of the reigns" per se as many landlords get screwed by property managers.But at the end of the day, you have to "let go" and let someone else do it or just do it all yourself.I'd love your advice on the suggested terms given to us below:1) In AppFolio they want admin level access to their account.2) They want a standardized list for maintenance items so they know in advance what repairs would cost.3) They want a copy of all invoices from contractors to us so they can verify we are not marking up more than promised.4) They want to be able to talk to our contractors before work is done (each time) so they can talk contractors down in price themselves.5) They mentioned that they pay around $300 for full paint in a 2-bedroom unit.... we do not have a contractor that will touch a full paint on a 2 bedroom for $3006) They want tiered PM Fees based on occupancy.... for example (their example): at 90% they would pay 8% PM fees, at 70% occupancy they would pay 2% PM Fees, and at 50% occupancy we would part ways.The deal breaker in my opinion is points 4, 5 and 6.With the lack of oversight/control on maintenance we have little control over the occupancy and it kills our process and efficiency.So in a way, we are destined to fail from day 1.Also, if someone does want so much control why not just self manage.The unit count justifies hiring 1-2 full time people to run it.Otherwise, let us do our job.
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2 August 2024 | 18 replies
From my experience, multifamily rentals often attract tenants who submit maintenance requests for minor issues since they usually lack the tools or experience for basic repairs.
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31 July 2024 | 13 replies
I’m all for working with someone and meeting them where they to a degree, but something we’ve encountered is just simple lack of communication.
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2 August 2024 | 53 replies
I agree (mostly) except something tells me that come spring we will see a change in the RE market......more 'back to normal' for lack of a better term.With the interest rates likely IMO to drop (Due to the upcoming election and the current Prez putting pressure on the Fed) combined with the built-up pressure from the market being stagnant in '23, there has to be a release of sorts.
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30 July 2024 | 1 reply
I came across a property that is magnificent but I lack the finances to purchase it out right.
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2 August 2024 | 15 replies
Yes, the issue has been the primary focus on on-market homes and that's partially been because of the lack of success in finding off-market homes.