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4 June 2024 | 10 replies
You sold or about to sell a rental property at a profit.The problem is that it's not easy for you to evaluate whether cost segregation benefits you specifically, even after our responses.
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4 June 2024 | 7 replies
It would be great if progressive views/laws on reducing minimum square footage (residential/single family on foundation) were indeed the case in Indiana, and will to catch on (re-evaluating minimum size of homes) elsewhere.
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4 June 2024 | 8 replies
A good PM can also help you evaluate deals and cross-check information you get from a REALTOR.
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9 June 2024 | 223 replies
Every town has a list of special permit criteria that the Commission will evaluate to determine whether the use should be allowed, but generally these criteria include thing such as impact on traffic, whether the use is in harmony with the other uses in the neighborhood, septic and environmental impact, noise, and related criteria.
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5 June 2024 | 10 replies
It's interesting that many of these VC-backed PMC's, despite having 10k+ properties under management, aren't doing well financially - one of them just merged with another industry-related company also not doing well.Just for fun, here's a partial list of PMC expenses that owners pretend don't exist:Office rentComputers, printers & softwareInternet & phone billOffice furnitureOffice supplies: paper, postage, ink, etc.Office liability insuranceAuto expenses: monthly payment, insurance, gas, maintenance, registration/plate feesBroker license fees: annual, monthly board & MLS fees, continuing education fees, E&O insuranceEquipment: lockboxes, signs, etc.Business income tax preparation and paymentsStaff payroll & payroll taxes Time Tasks: answering phones, calling past due tenants, scheduling tours, taking marketing pics, processing those pics, writing ads, researching rent amounts, posting ads, explaining to owners how rent determined & showing where ad posted, opening & processing mail, posting payments, bank deposits, scanning documents & posting to owner & tenant portals, explaining accounting to owners so they understand their monthly statements, taking pics/videos of repairs, finding reputable handymen and contractors, confirming they're properly licensed & insured and tracking annually, verifying repairs done properly, processing invoices for utility bills, repairs, taxes, city inspections, scheduling periodic property evaluations/inspections with tenants that don't want strangers in their homes, explaining to owners why something is taking so long, and more & more & more...OBSERVATION: many owners only want to pay a flat fee or 50% of a month of rent as a leasing fee - without realizing the repercussions.
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3 June 2024 | 2 replies
Twin Falls CountyAverage Purchase Price: $360,000Average Rental Price (3-bed home): $1,600/monthKey Highlights:Twin Falls city is known for its agricultural base and growing commercial sector.New businesses and developments attracting residents.Affordable housing market with room for growth.Investment TipsResearch Local Markets: Understand local trends, employment opportunities, and population growth to identify the best neighborhoods within these counties.Property Types: Consider what type of property (single-family homes, apartments, etc.) would yield the best returns.Rental Market: Evaluate the rental market dynamics to ensure consistent demand for rental properties.Long-Term Trends: Look for counties with long-term economic and population growth to ensure sustained property value appreciation.Investing in these Idaho counties offers a blend of affordability, growth potential, and rental demand, making them attractive options for real estate investors.For more information about Kootenai county please reach out.
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2 June 2024 | 1 reply
I may have stumbled upon a great deal but as I am not a professional or seasoned expert like most of you, I thought I would drop the numbers and plans here and see if I’m outside of my depth hereNear Clanton, Alabama...
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4 June 2024 | 14 replies
The attorneys would be in the best position to help you on evaluating the merit of getting back rent on a section 8 property.
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4 June 2024 | 7 replies
I completely understand where you’re coming from, and I appreciate the opportunity to address these points.Be CautiousIt's wise to take a step back and evaluate any program carefully before making a financial commitment.
3 June 2024 | 4 replies
Some criteria to consider when evaluating a market are:- school districts-crime rate- job/population growth If the crime is low, schools are reputable, and job/population growth are steady/high, chances are you are looking in the right markets.