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10 January 2025 | 28 replies
That means if a tenant leaves once a year I have two weeks to get someone in before I go in the red.
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28 December 2024 | 7 replies
Knowing how fast or slow things are turning would not cause me to change how I manage my business.I'm more concerned about current market rents All else equal, I know that by lowering my rents $50 or $100, I can lease up my units almost instantly.
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21 December 2024 | 20 replies
I'm not looking to leave my W2 tomorrow.
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24 December 2024 | 5 replies
Many other projects have reduced or suspended planned CF distributions and I've also had a few capital calls in which I did participate since the business case still made sense (the MF in Florida had a capital call to finish construction and get through stabilization and it still returned the 32% IRR).I expect almost all of the deals to be OK, just later exits than originally projected.I am very concerned about one project and have already written it off in my head.
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21 December 2024 | 6 replies
I think the big concern here is a national event that affects us all.
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3 January 2025 | 26 replies
When 99% of transactions have commissions above 2%, it's essentially a fixed rate, not a truly negotiable one.I respectfully disagree with the concern about "buyers that don't have money to pay a commission to buyer agents."
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30 December 2024 | 12 replies
If you want to keep your options open to access more deals, it’s worth having an honest conversation with the agent about your concerns.
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27 December 2024 | 8 replies
We use Yardi for our accounting, which leaves much to be desired at times, but we have spent a lot of time working on our financials to get them to look the way we want.
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9 January 2025 | 116 replies
This forces them to leave a professional message.
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27 December 2024 | 2 replies
BEST DECISION I EVER DID WAS MAKE MY WIFE MY BUSINESS PARTNER THIS YEAR FELT LIKE NEW BEGINNINGS LEAVING A OLD PARTNERSHIP AND STARTING A NEW ONE LITTLE DID WE KNOW THIS FLIP WOULD BE THE WORSE THING WE DID THIS YEAR TALK ABOUT A HOUSE THAT WOULDN'T STOP SPITTING OUT PROBLEMS FROM SQUATTERS BREAKING IN , FROM THE CITY CONSTANTLY GIVING VIOLATIONS, WE EVENTUALLY TOOK A LOSS OVER 50K OUCH!!