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15 October 2024 | 5 replies
They've ranked No. 180 among the fastest-growing private companies in America, showcasing impressive growth in the property management software space.
15 October 2024 | 69 replies
Unless you have developed software or paid someone to do it people often do not understand the cost involved.
15 October 2024 | 8 replies
While they are good communicators, experienced with Section 8, and their software for rent collection is solid, we're increasingly concerned about a few key issues and would appreciate input from anyone with similar experiences:Turnover Fees Transparency:The turnover fees seem high, and despite our requests for itemized breakdowns and man-hours to justify these costs, we feel they may be taking advantage of our out-of-state position.
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16 October 2024 | 21 replies
@Elena FabriIn our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.
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15 October 2024 | 6 replies
I'm working a lead and the seller gives me permission to visit the property after confirming a time with the tenant.
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16 October 2024 | 15 replies
As long as your opt-ins are legitimate and you are able to verify the number you're sending from, you shouldn't have any issues: https://www.webfx.com/blog/marketing/sms-software/
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15 October 2024 | 1 reply
Again, the seller refused (although I'm not sure if this would've been resolved legally at settlement regardless). (3) The cell tower was additionally paying a portion of real estate taxes which we were unable to confirm how much they were responsible for and if they had held up their end in recent years. (4) Cell tower had the right to purchase the lot for $1 at anytime during the lease and the right for an additional 2,500 SF of ground space.In the end we backed out at the end of the due diligence period in order to recoup our earnest money.
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15 October 2024 | 6 replies
The experts at BP were my 2nd stop as I wanted to confirm my calculations and assumptions on expected returns were in the ball park.I've been a member of BP for a while and you've always had great input.
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15 October 2024 | 6 replies
An architect or structural engineer needs to provide you with load-bearing plans for permit with the city or confirm the wall is NOT load-bearing. ($1300 for plans if only a wall--I pay $3500 for a site visit by them and close to full gut of kitchen/baths/door moves/wall removals) Do not skip the permit!!!!
16 October 2024 | 11 replies
I've sold rentals before and almost always was asked for a copy of my Sch E.Also during the due diligence and inspection, try to talk to the tenants directly to confirm how much they pay, and also if there are known issues that haven't been repaired (roof leaks, frozen pipes in the same area every winter, etc).