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12 June 2024 | 57 replies
All you get is what you can export/import via CSV file:(We use Propertyware, have experience with Buildium and have played with Appfolio and RentManager.Buildium is for smaller companies.The other three are tied, the differences being how much automation & customization you want to do.If you don't see yourself growing beyond 150 units, go with Buildium.If you're not very techy and plan to grow over 150 units, we'd recommend Appfolio.If you're techy and plan to grow over 150 units, we'd recommend Propertyware or RentManager.Of course, schedule some demos, take GREAT notes and them make your decision.FYI - there are MANY new options on the market, RentRedi, TenantCloud, Apartments.com, Hemlane, Rentec.
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12 June 2024 | 47 replies
I have no ties to him or his company, have dealt with them because of our podcast and different interactions we've had.
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10 June 2024 | 6 replies
I have studied several metrics tied to this for example the rebound of unemployment, population growth, crime rate etc. and there doesn't seem to be a playbook on timing of any of these factors unfortunately.I do agree with you that we are near the bottom, and based on recent data some may even believe that we have already bottomed...I have thoughts on that, but I will save that for another post.
9 June 2024 | 8 replies
You may also simply say we did it once, it worked out well for us financially, and now we just want the freedom of not having so much capital tied up in one place.
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10 June 2024 | 40 replies
I'm currently renovating my second property and have most of my credit tied up in those renovations.
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10 June 2024 | 39 replies
there are companies that do that they run around buying peoples redemption rights mainly in states where the time for redemption is very long and it ties up the ivnestors so to pay 5k or so for the redemption rights saves them months.. very common in Oregon and Washington for example.
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8 June 2024 | 11 replies
We manage 100 rentals, mostly STR.Two options to consider. 1) With that low interest rate, it opens up possibilities to net a larger sales price with creative finance strategies like “Wrap” or “Subto.”2) You could sell and reinvest that $200k net into something that yields a stronger rental return, while enjoying the same appreciation over the next 10-20 years for the family legacy.
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8 June 2024 | 17 replies
It makes no sense and shows how horrendous the "training" is for wholesalers.My “favorite” is the new and inexperienced people who think that they can sit at home, scan a local MLS, somehow identify underpriced properties that every experienced investor and all home buyers and real estate brokers/agents missed, tie up the property with “borrowed” fully refundable earnest money, no proof of funds, no approval of financing, post their “find” on a real estate website, appropriate someone else’s buyers list, and profit a minimum of $20k per.
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8 June 2024 | 21 replies
LOL Jokes aside, it sounds like it's incredibly difficult to find something with good cash flow in Columbus, so my thought right now is to start in Cleveland for cashflow, then once I build a stronger porfolio I'll start adding Columbus
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9 June 2024 | 223 replies
Breaking a tie vote if two membersI have set up a number of limited liability companies for two member companies.