Account Closed
"Additional Insured" clause in PM contract
17 January 2025 | 7 replies
This designation doesn’t cost extra or give the manager access to insurance payouts but ensures you and the property manager are aligned during incidents, such as tenant lawsuits or insurance claims.
Fernando Martin-Gullans
Help me use my equity to scale my portfolio
10 January 2025 | 3 replies
Here’s some context: Property 1: >$100k in EquityValue: $325kDebt: $220k @ 2.88% (30-year fixed)Property 2: >$70k in EquityValue: $325kDebt: $252k @ 3.38% (30-year fixed)Extra considerations: - I have $15-20k liquid to use for any of these deals- My current job is relatively stable, but not high-payin- Current properties in TX, living in NY, looking to invest in Mid-West (crazy, I know)- No other debt obligations besides the two mortgagesUltimate goal/timeline: Though a bit ambitious, I’d love to build up the portfolio to 10-20 units in the next two yearsI understand that any/all replies aren't financial advice; all ideas welcome for information purposes.
Tyler Koller
Baselane Vs Stessa
16 January 2025 | 31 replies
Yes the Class feature Cost a bit extra which is a bummer bet the support for it is amazing, and it is easy to allow access for Tax Accountants to pull the reports they need rather than my clients playing middleman.
Marc Shin
What Can I do about sound in a duplex with thin walls?
29 January 2025 | 10 replies
Adding mass to the walls works wonders—attach Mass Loaded Vinyl (MLV) to the shared wall, then cover it with a layer of 5/8” drywall using Green Glue soundproofing compound for extra noise-blocking power.
Thanh Lu
How to screen guests who book directly instead of Airbnb, VRBO, etc
15 January 2025 | 12 replies
Setting up direct bookings is a great way to save on fees, but you’re right—it requires extra effort to ensure everything runs smoothly.For vetting guests, start by asking a few questions when they inquire, like the purpose of their stay, how many people will be there, and if they’ve stayed in short-term rentals before.
Christopher Morris
Is Relying on Cash Flow Feasible?
21 January 2025 | 59 replies
And that extra $40-$50k a year will be life changing.
Carlos Silva
Velocity Banking for paying off mortgages
13 January 2025 | 19 replies
Question that the “believers” don’t ask is “how much could I earn on the extra money I’m spending to pay down the loan faster?
Robert Frazier
$35k reasons you should always use experienced agents for real estate purchases.
27 January 2025 | 2 replies
You're correct, many investors think that using an experienced agent is just an extra expense.
Joshua Lanzieri
PLS HELP!! Property manager spend $8k over budget
11 January 2025 | 14 replies
I cannot afford another above the $16,000 which is why I told her $15,000 was the budget.I also stated to let me know of any extra charges that come up so I can watch the number.
Kristen Swan
Asking Tenants for further information after being approved. ( I'm the Tenant )
20 January 2025 | 1 reply
Should I take extra steps to verify their identity and legitimacy?