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20 December 2024 | 12 replies
It allows landlords to offer tenants a financial perk that can improve their credit health.
19 December 2024 | 5 replies
My goal of course, is financial independence as soon as possible.
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25 December 2024 | 11 replies
Hello @Daniel Reed,The supposed advantage of multi-family properties over single-family homes is misleading when you look at financial performance.
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18 December 2024 | 4 replies
Every investor has a different risk tolerance, comes from a different financial situation and has different financial goals.
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19 December 2024 | 3 replies
Prioritize your financial stability.
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20 December 2024 | 8 replies
My lender/financier.
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19 December 2024 | 2 replies
But Im heavily lacking true mentorship to take me to my intended goal of reaching the financial independence community so I can continue to gain more of my freedom and time with loved ones!
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20 December 2024 | 6 replies
I’m also considering advising my tenant to look into Section 8 assistance, as it could help support their financial situation while allowing me to adjust the rent closer to market levels.
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23 December 2024 | 9 replies
Use a tiered approval process to give them control over larger expenditures while enabling quick resolution of smaller issues.2.Proactive Maintenance: Implement preventative maintenance programs to reduce costly emergency repairs and extend the lifespan of property systems.3.Monthly Reporting: Deliver detailed monthly financial statements that outline expenses, rental income, and ROI performance.By handling their funds with care and providing transparency, trust is built with owners, ensuring they feel confident in the relationship.Making Tenants Feel HeardHappy tenants are the foundation of long-term occupancy and reduced turnover.
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18 December 2024 | 15 replies
You should also check to ensure they have Errors & Omissions insurance, Fidelity Bond coverage, and a Financial Institution Blanket Bond.Some are more consultative and advisory and provide guidance, while others are just processors.