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Results (10,000+)
Karina Busch HATE Bookkeeping. HELP.
7 November 2024 | 22 replies
And also our taxes are done in no time, because there are almost zero questions to work through.Hire a bookkeeper!
NA NA Hired PM 4 years ago and more than $100,000+ later
7 November 2024 | 6 replies
If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.
Brandon Morgan How can an Owner-Occupied single family home be an investment?
5 November 2024 | 15 replies
If you're still living in it, you can rent it out by the room to multiple individuals or even as a live-in STR depending on your risk tolerance & city ordinances. 
James Kiefer New member starting out!
8 November 2024 | 21 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
Jonathan Feliciano What's it like managing a rental property in East Cleveland?
4 November 2024 | 16 replies
We used to get as many as we wanted for 5- 10k per unit now, 40- 65k .IMO in 5- 8 years or so you will not recognize the Euclid Corridor from Little Italy ( well just east)  to the RTA, why do you think there is zero inventory? 
Jahid M. Intro first post
5 November 2024 | 11 replies
Look for "Pitch-Free" policies, supportive communities, and smaller, specialized meetups.
Corinne Johnson Emotional Support Animal causing noise complaints in a long-term-rental
10 November 2024 | 18 replies
I had a no pet policy so she was trying to get around that.
Jenny Kang I will manage my property by my self and will fire the property manager.
7 November 2024 | 12 replies
Almost zero but normally they play nicely.7.
Glen Michael Owner onboarding requirement to provide financial documentation
3 November 2024 | 8 replies
.- Sectio 8 also requires taxes be current.3) Insurance: we require an owner to add us to their policy for liability protection.- Have discovered owners with lapsed ploicies they thought previous PMC was handling.- Also found terrible policies that owners had, that they didn't understand.4) Utilities: We check that all utilities are properly set up and cofirm or enroll in any Auto-Transfer of Service programs to avoid no heat during winter leading to frozen pipes.- Dealing with a very upset new owner client right now that previous PMC didn't handle the water account properly.
Logan Turner 1 position performing note, typical discount?
4 November 2024 | 26 replies
The risk tolerance for one differs greatly from another.