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28 November 2024 | 9 replies
With regard to your "DST" and as with many highly structured tax vehicles that have a potential "self dealing" quality to them, there are a number of potential potholes you can easily step in along the way (e.g., constructive receipt doctrine, effective control over nominal 3rd party relationships, lack of genuine risk bearing and compliance with transactional terms, etc.).
26 November 2024 | 7 replies
Hi, As a property manager (based in Chicago), I have to say the screening process is paramount, because its the start of your relationship with various prospects.
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5 December 2024 | 31 replies
Additionally for hosts who opt for enhanced screening, the eviction rate is under 2%.
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26 November 2024 | 2 replies
I learned that it's better to go for quality the first time if you want it to last.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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26 November 2024 | 15 replies
Buy from a quality builder in a neighborhood which is going to appreciate.
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27 November 2024 | 3 replies
You should focus on the quality of the agent, not the amount they charge.
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26 November 2024 | 2 replies
Another key aspect of creating generational wealth is investing in high-quality properties.
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1 December 2024 | 32 replies
While you shouldn’t categorize all tenants and it’s the landlords responsibility to properly screen, the tenants who reside in better situated housing and pay higher rents are more financially responsible meaning lower rate of rent loss and will generally take better care of the property which combined will result in less time allocated towards management functions if self-performed or more favorable management fee structures if 3rd party management companies are utilized (which ties back to #1, as well).
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26 November 2024 | 6 replies
The only challenges you haven't mentioned is advertising for roommates, screening them and where to get a lease.
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26 November 2024 | 5 replies
I know you can’t predict this but I try to get quality purchases which helps.