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31 January 2025 | 19 replies
The original six month tenant I had extended the lease 9 times and stayed a total of 5 years, paying me about $15k over market rent annually.
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30 January 2025 | 5 replies
I selected Lewiston for the post as I didn't see an Augusta option, but I do work all over the state.It was my family's property management business that brought me to Maine and sparked my interest in and passion for helping investors achieve their goals.
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1 February 2025 | 3 replies
Here are some trends that could play out, or further develop in 2025.Leasing & Tenant Experience AI-Powered Leasing: Chatbots and AI tools will streamline leasing processes, from answering tenant inquiries to scheduling tours.Virtual Tours & Digital Leasing: These will become even more standard, making it easier for tenants to rent remotely.TechnologySmart Property Management: IoT devices (smart locks, thermostats, etc.) will become more common, improving efficiency and tenant satisfaction.Property Management Software: Platforms will integrate more AI for predictive maintenance, rent collection, and financial reporting.SustainabilityGreen building practices and energy-efficient upgrades will be a major focus, driven by tenant demand and potential incentives.AI & AutomationAI will play a bigger role in tenant screening, rent pricing optimization, and even predicting market trends.Automation will handle repetitive tasks like maintenance requests and lease renewals, freeing up PMs for higher-level activities.I'm sure there are plenty more shifting trends that I haven't mentioned and that are sure to evolve over the next year.
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17 February 2025 | 5 replies
Just a few counterpoints - The home office deduction being a red flag has not been true for over a decade.
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30 January 2025 | 0 replies
The house is under contract for $5k over asking price.
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14 February 2025 | 4 replies
It's a good idea to spend a couple of hundred dollars to meet with a real estate attorney or foreclosure attorney and go over what you can and what you can't do in the state you want to buy foreclosures in.For clarity, there are stages to foreclosure.
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23 February 2025 | 84 replies
Quote from @Adam Dahmen: Quote from @Tonya English: Current VIP member for over a year and no closings.
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14 February 2025 | 17 replies
If the discount is over 10%, Airbnb may strike through the original price and display the lower rate, which can help with marketing and visibility.Also, upgrading the amenities could make a big difference.
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5 February 2025 | 5 replies
Big expense up front, additional expenses over the life of the lock, they can be too complicated for renters to figure out, and they don't solve all the problems a landlord may face.
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17 February 2025 | 4 replies
The first lender I worked with had gone into lending because on his first commercial flip we lost over 250k because of a contractor.