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26 July 2024 | 37 replies
I know plenty of investors who say when recurring capital improvements are taken into account, cash flow is pretty paltry.
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24 July 2024 | 11 replies
Setting up automatic payments for recurring expenses or using online bill pay services can help ensure that bills are paid on time and reduce the risk of missing payments.Overall, the key is to establish a consistent process for tracking and managing expenses for each property/entity to effectively manage your funds and ensure that expenses are properly allocated.
23 July 2024 | 42 replies
My guess is your development (not including infrastructure and non recurring costs) even in your large volume is over $450k but I have less clue as to how much is structural (issue with me doing rehabs and not development).
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22 July 2024 | 71 replies
@Jessie Reddtwo recurring themes are delayed gratification and who you surround yourself with.For me, it was definitely the people I was surrounding myself with.
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16 July 2024 | 7 replies
I recently made the decision to make a new $1,000-$1,500 investment every 2 months or so ($450/mo recurring investment plus whatever interest has accumulated gets reinvested).
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16 July 2024 | 33 replies
I put in a recurring CAPEX or replacement reserve in my analysis for things like roofs, HVAC, etc. as well as general maintenance and turnover.
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18 July 2024 | 40 replies
Property taxes and insurance are typically the two biggest recurring costs.
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13 July 2024 | 9 replies
Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.
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12 July 2024 | 12 replies
It can be worth it to spend a little bit more on those items to limit recurring replacement costs.I hope that’s a helpful starting point.
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8 July 2024 | 14 replies
Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.