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9 January 2025 | 12 replies
If you’re not already using similar software, I’d highly recommend exploring these options—they can save you a lot of headaches down the road.
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2 January 2025 | 1 reply
Mainly the Brokerage is for me just to sell the properties that we fix and flip and save the commission.
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5 February 2025 | 38 replies
Prefer keeping this kind of stuff behind closed doors if possible and sorting it out without revealing dirty laundry.I would have been in the same boat as many other turnkey providers that are no longer around if I didn't focus on limiting how much business I take on.And even with my stupidly strict criteria, we still copped the brunt of the sword.Business is business and people are people, sometimes things just don't work out.It's a true shame but such is life.I always want whats best for everyone and for every deal to work out and for everyone to succeed.With the best intentions, mistakes are still made.Those that work hard and do their best, will also make mistakes unfortunately.Again, I sleep in peace and whenever I F@#$ up, it's an honest mistake so crucify me all you want.Thank God, never been sued and back round is squeaky clean and I intend to keep it that way.Less is more and when crisis does arise (It always eventually does no matter how much you prepare and do your best), we can hopefully rectify and do our best to fix.For example, just had an investor loose $50,000 on a deal and the next few deals we are working for free for this investor.We don't have to do this, we want to...Not sure how we would be able to accommodate such an instance if I had 50+ investors loosing that much so I guess my stringent on-boarding criteria has saved our A$$ for 10+ years now.Granted, I'm burnt out on folks and have pulled back even more from doing our "measly" 4-5 turnkey deals per month and have decided to focus on just building my own portfolio.Like I initially intended when I moved to this country in 2012.Thanks mate and keep being great
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3 January 2025 | 7 replies
I too live in Marin, and feel it is a solid long term market for apprecaition, and utilizing the power of principle reduction.When it comes to refinancing, figure out what the loan costs will be, then divide that buy the monthly savings with the new loan in order to determine how long you have to maintain that loan to break even.
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2 January 2025 | 25 replies
No matter what you do I think you are going to have guests point out that something isn’t working which could lead to annoyance or requests for refunds or bad reviews.Plus, providing bottled water over the long term probably isn’t going to save you much money compared to paying a plumber to get the fridge connected.
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27 December 2024 | 93 replies
Unfortunately, there was a stop work order in place on the property, which the roofing contractor was told by BTC was resolved.
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1 January 2025 | 26 replies
The point of the contract is to provide value to both buyers and sellers and this deal saves the buyer over $1M in interest and easily $100k in furnishings while getting the seller their full equity and saving buy side/sale side realtor commissions.
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23 December 2024 | 9 replies
If a repair will take longer than expected, update them regularly.3.Surveys and Feedback: After a maintenance issue is resolved, follow up with tenants to ensure they’re satisfied.
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19 December 2024 | 82 replies
Is it your actual savings or was this saved to invest, because there's no such thing as "excess" cash.
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30 December 2024 | 6 replies
There was an article published in Sept 2024 that showed the average consumer would save over $10,000 by working with a broker vs a direct lender over the life of their loan.