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27 February 2024 | 6 replies
Task MGMT: Breezeway (im 50-50 on this one.
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27 February 2024 | 32 replies
Jordan told us last year she manages around 200 units, and then she signed up to manage 19 of mine, so she is well over 200 units which is likely too many for a single person, but hiring more people and managing a team requires a different skillset than just being a property manager, I'm not sure Jordan has the skillset to run a team of people or manage tasks effectively but I'm trying to be patient with her since my units are all full now that I left Mcdonnell.Milltown Realty seemed to have a good management structure in place, they limit the number of units each property manager is responsible for and utilize a team approach for maintenance and other items.
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28 February 2024 | 130 replies
First, doubling NOI is not an easy task unless the property you bought was VERY distressed or you're going to hold it for 15 years.Second, this idea ignores the fact that cap rates fluctuate.
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27 February 2024 | 26 replies
If you do not sign or give them grief, they just do not accept the contract.After you did all the tasks above, then they send the contract to the selling bank for signature.
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26 February 2024 | 17 replies
Maybe annually flush 5 gallons (a 5 minute task) and maybe at 5 years replace the anode with an electric anode (15 minutes if you have quality impact wrench, I would not do it without quality impact wrench).
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28 February 2024 | 40 replies
I prefer to do tasks once, learn the process, buy the materials (on rentals) then fix it.
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26 February 2024 | 7 replies
Consider hiring a local property manager to handle day-to-day tasks.
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26 February 2024 | 3 replies
Focus on high ROI tasks and be a good neighbor.
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26 February 2024 | 1 reply
So, maybe that’s what retirement is all about.Maybe you feel guilty for not doing more to plan for retirement, yet it’s so far in the future, and such a daunting task, that it’s always something to put off till tomorrow, or the weekend, or next year.
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25 February 2024 | 17 replies
Also, I find screening tenants pretty time consuming and it is a task I will eventually hire out.