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22 May 2024 | 6 replies
Feel free to connect with me here on BP or on social media.
23 May 2024 | 10 replies
Any other social media/marketplace platforms?
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26 May 2024 | 102 replies
(An entrepreneur could possibly monetize this information, as it’s valuable for future syndication investors ;)
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22 May 2024 | 2 replies
Books like Fooled by Randomness make it apparent that you see a lot of sucessful people on social media, books, etc; not the graveyard full of dead bodies/failed investors.
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22 May 2024 | 19 replies
Regarding if you should DIY manage or hire a PMC:Many new investors read a couple of posts and then think self-managing their rental property, and avoiding PMC charges, is an easy way to boost their ROI.The reality, is that many of these investors really haven’t taken the time to properly understand what it takes to properly manage a rental property and the corresponding tenants.Here’s a list of some of the requirements to properly manage a rental property:Knowledge of all local municipality, state and federal landlord requirementsIntimate knowledge of all Fair Housing statutesUnderstand all federal privacy laws, as they’ll be handling social security numbers and IDsProper business insurance in the event their computer is hacked and or they improperly dispose of tenant data.Where to advertise their rental, other than ZillowWriting ads compliant with Fair Housing statutesCreating a process to accept calls/texts and schedule prospects to show their rentalA rental application and application fees that meet all local and state requirementsKnowing how to screen applicants to avoid professional tenants and the growing amount of fraudulent dataA lease compliant with all local, state & federal lawsUnderstanding local and state requirements regarding security deposit collection and holdingRent acceptance options for tenants and accounting system to track, including late fees, etc.Plans to handle nonpayment of rent issuesKnowledge of their local eviction laws or access to an attorney familiar with evictionsHow to accept, track and respond to tenant maintenance issuesBuilding a list of handymen and contractors for maintenance and turns between tenantsExpertise at evaluating tenant damages to charge against security deposit when tenants move outResearching local utility requirements to avoid suspension of services that could lead to frozen pipes or flooded basements, etc.
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21 May 2024 | 0 replies
Side Hustles and Gig Economy: Channel your inner entrepreneur and take on side hustles.
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21 May 2024 | 10 replies
There are several contributors who mainly discuss ways to build your business and brand digitally - social media (all platforms), email, youtube, etc.
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21 May 2024 | 6 replies
I suppose in a round about way, putting nurses or other medical professionals in the description does omit groups who live off disability or social security.
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21 May 2024 | 1 reply
This trend has fueled demand for rental properties, particularly in urban areas and multifamily developments, prompting investors and developers to focus on rental housing options tailored to Millennial preferences.Desire for Community and Shared Amenities: Millennials value experiences over possessions and seek communities that offer social interaction, connectivity, and shared amenities.
21 May 2024 | 10 replies
Our living expense needs are pretty well handled by Social Security and pensions, so there is no crisis at hand.First unit is a $410k listing with no mortgage.