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14 September 2024 | 32 replies
.#2 Repair Management, tracking expenses, following up with outstanding work orders, ensuring work completed with photos by vendors, notifying owners when there is a repair request by the tenant and track the time it takes from work order to completion, track the amount of repairs to a home at end of year so owner can see those expenses and try to get them on service contracts and off home warranties.
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18 September 2024 | 67 replies
It has been hard to keep track of the accounting side of things, which should not be that difficult.
16 September 2024 | 9 replies
You can track cap rate trends on platforms like CoStar or LoopNet.4.
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13 September 2024 | 16 replies
Here's why (coming up on the November ballot for CA)--> "Justice for Renters Act" I'm a fan of Section 8 and have couple section 8 rentals.
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15 September 2024 | 22 replies
It's sick and I demand justice.
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9 September 2024 | 12 replies
I'm using Quickbooks to track overall finances.
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15 September 2024 | 22 replies
With excellent credit (800+), you're already in a great position, but I understand the struggle with DTI when you're self-employed.Here are a few options that might help:Asset-Based Lenders: You're on the right track with DSCR loans, but you may find some private lenders or portfolio lenders willing to go into the high 6’s.
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16 September 2024 | 16 replies
Still, expecting a full 100% rehab payment upfront is less likely without significant collateral or a great track record.If you need help finding hard money lenders or structuring the financing, I’d be happy to assist!
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12 September 2024 | 3 replies
Nothing on vacancy rates though.When I was trying to determine demand for Cincinnati, I selected about 20 listings near the location I was focused on, and tracked them for several months.
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10 September 2024 | 2 replies
I personally do both -- I like to have a dual exit strategy on my properties.