
24 November 2024 | 19 replies
This can lead to more opportunities and partnerships.Market Understanding: As a property manager, you'll gain a deeper understanding of the local market, which can be invaluable when you start acquiring your own properties.Steady Income Stream: Property management can provide a consistent income, which can be particularly beneficial in the early stages of your real estate venture.Skill Development: You'll develop a range of skills from customer service to maintenance oversight, which are crucial for successful property ownership.Brand Recognition: Establishing a presence as a reliable property management company can boost your reputation, making it easier to attract tenants and investors when you start acquiring properties.Cons:Time Commitment: Property management can be time-consuming, especially if you're dealing with multiple properties or demanding clients.Regulatory Compliance: Staying compliant with local laws and regulations requires diligence and can be complex.Conflict Resolution: Dealing with tenant issues and conflicts is an inevitable part of property management and can sometimes be challenging.Financial Risk: There are financial risks involved, including late payments or damage to properties.Market Fluctuations: The property market can be unpredictable, affecting both rental income and property values.Overall, starting with a property management company can be a smart way to enter the real estate space, especially in an area with a clear need for such services.

25 November 2024 | 18 replies
Could there be other problems not caused by trees?

1 December 2024 | 377 replies
While I type this I am not being present with my kids but speaking with other investors is also important and can help fuel the “bigger cause” of financial freedom, aspirations and other goals I have.

21 November 2024 | 39 replies
Premises liability claims are one of the most common causes of action a real estate owner will face.

21 November 2024 | 305 replies
This miscommunication almost always causes problems and escalating emotions.

20 November 2024 | 5 replies
The sellers were under agreement with another buyer who pulled out when Helene came through (even though the restaurant suffered no damage), so they are looking to close quickly (end of year) and retire.

23 November 2024 | 7 replies
I am living with my parent and they dont hesitate but I am desire to move out cause I had family and son; and want some privatecy.

21 November 2024 | 7 replies
That, or an actual recession that causes people to take money out of equities and into the safe haven of bonds...

16 November 2024 | 3 replies
Sewer Cabling/Drain Cleaning: When there's a blockage, usually paid by the owner unless the tenant caused it.

23 November 2024 | 20 replies
Any time the tenant causes a problem, they should pay for the solution.