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17 February 2025 | 3 replies
To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!
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21 February 2025 | 17 replies
Save the low rate: Keep your current loan and focus on building savings for the next down payment through budgeting or a side hustle.2.
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22 February 2025 | 8 replies
Key is to go through someone who has a direct relationship, what kills many of these deals are brokers who go to a correspondent who are a wholesaler for an isntitution.
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22 February 2025 | 2 replies
For the first 10 houses (all residential single family homes), we would get a typical landlord insurance policy and our properties are owned in either my husband or my name (not through an LLC).
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22 February 2025 | 3 replies
As you know there is so much involved like lease renewals, maintenance requests, walk-throughs, etc.
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22 February 2025 | 6 replies
We use the collection service through our PM software, but most of these folks become virtually uncollectable at a certain point.
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23 January 2025 | 14 replies
If you care just about positive cash flow (and you don't care about population growth, macroeconomics, or appreciation), definitely go with Cleveland.
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6 February 2025 | 0 replies
https://www.smartcoinbox.com/category-s/112.htmThey have a wifi unit you are able to plug in a standard washing and dryer into the box and the tenants pay through an app.Thanks for any advice.Nathan
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5 February 2025 | 5 replies
Once you increase your real estate portfolio using these tax free money, part of the cash flow they generate is offset by the non cash deduction (ie depreciation) so you get the equivalent to the depreciation amount but don't pay taxes on it.
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23 January 2025 | 7 replies
the cash flow you are referring to, are you attributing that to the $900 difference between the PITI and the gross rents?