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16 December 2024 | 1 reply
An entity that operates hundreds or thousands of apartment units has far less concentration risk than an owner of a few rental homes, whose tenants may all be impacted by COVID-19.Do you think Portland’s ten-year trend of positive economic growth for landlords will continue, or will it flatten out, possibly even declining in the wake of COVID-19?
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19 December 2024 | 8 replies
Imo it's still better than operating an OOS, STR, at 60 years old.
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18 December 2024 | 45 replies
I started my OOS HML career in Detroit and that was 2002 and WOW coming from our area what an education I got.. my clients that were doing turnkey at the time and all the buyers were out of state ( basically LA based) the local on the ground operator was very good he had all sorts of tricks to try to keep the houses safe.. the one i really liked was painting the copper pipes grey so thieves would not steal them..
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23 December 2024 | 12 replies
If you operate as a separate business entity - S-corp, C-corp or a partnership - you may be required to have formal compensation for yourself: either a W-2 salary or so-called guaranteed payments.
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13 December 2024 | 5 replies
We have an accountant with a chart of accounts to manage everything but I do not see why you need one for operating expenses vs. income.
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18 December 2024 | 10 replies
Working as a property manager gives you such valuable insight into the market, tenant relationships, and property operations—it’s a fantastic foundation to build on.What kind of investing are you thinking about starting with?
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18 December 2024 | 24 replies
Even if it's in Vegas or Flordia it's still out of state and will require a property manager for the day-day operations.
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16 December 2024 | 12 replies
Once you become the homeowner, we transition into a property management role and handle the day-to-day operations of the rental.
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15 December 2024 | 4 replies
As for strategies, do you have any other skill set that you can bring to an experienced operator?
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18 December 2024 | 3 replies
*Development plans for expanded Hoffman Town Center*Although specific tenants have not been named yet due to the development being in the earlier design and planning stages, the vision as described by Hoffman Co. is a commercial and residential mixed-use development including a new public school, storage center, city agency training, a farmer's market, festival space, beer garden, and "other similar uses approved by the city".Sources:Developer laying groundwork to go bigger in Alexandria’s Eisenhower corridorAlexandria considering big plans for properties next to Eisenhower Avenue Metro stationPotomac Yards Alexandria: The 2$ Billion Sports Arena is not the Biggest Development in the Pipeline for Potomac YardsThe Sports Arena was a recent idea that was part of a bigger plan approved in 2017, that called for a massive shopping center at Potomac Yards and the surrounding area to be redeveloped into 1.9 million square feet of office space, 1.1 million square feet of residential space, 900,000 square feet of retail, 300 room hotel, and 9.3 acres of open space by JPG Smith.