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2 August 2024 | 8 replies
Lenders almost always win in foreclosures.
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2 August 2024 | 1 reply
But if you have properties you own you could use those as leverage and secure against those but no lender is going to give you basically an unsecured line which would attach if you win a foreclosure sale.
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2 August 2024 | 8 replies
If you get sued what is the likelihood they will win and what are the possible damages?
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4 August 2024 | 37 replies
They focus on finding long-term tenants, and it's a win-win as less turnover is less expense for us and less work for them.
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2 August 2024 | 5 replies
As long as you are taking proactive steps, I wouldn't instantly evict them right away.
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3 August 2024 | 7 replies
Slow and steady still wins the race.Instead of investing in real estate, I'd suggest starting a business on the side in real estate.
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2 August 2024 | 5 replies
Same day instant offer based on qualifications.
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1 August 2024 | 71 replies
G'Day everyone,The team (@Dominique Osborn, @Sean Mahoney) and myself have an opportunity to on-board 189 units.This would be a very nice "chunk" of new business but to be honest, I'm inclined to pass.I have always believed in doing business on your terms and for terms not to be dictated by someone else.Especially when you are looking to hire us/me to do the work for you.Also, business done right needs to be a win/win for all involved and this doesn't seem like a win for us.I do however understand the caution and reluctancy to "let go of the reigns" per se as many landlords get screwed by property managers.But at the end of the day, you have to "let go" and let someone else do it or just do it all yourself.I'd love your advice on the suggested terms given to us below:1) In AppFolio they want admin level access to their account.2) They want a standardized list for maintenance items so they know in advance what repairs would cost.3) They want a copy of all invoices from contractors to us so they can verify we are not marking up more than promised.4) They want to be able to talk to our contractors before work is done (each time) so they can talk contractors down in price themselves.5) They mentioned that they pay around $300 for full paint in a 2-bedroom unit.... we do not have a contractor that will touch a full paint on a 2 bedroom for $3006) They want tiered PM Fees based on occupancy.... for example (their example): at 90% they would pay 8% PM fees, at 70% occupancy they would pay 2% PM Fees, and at 50% occupancy we would part ways.The deal breaker in my opinion is points 4, 5 and 6.With the lack of oversight/control on maintenance we have little control over the occupancy and it kills our process and efficiency.So in a way, we are destined to fail from day 1.Also, if someone does want so much control why not just self manage.The unit count justifies hiring 1-2 full time people to run it.Otherwise, let us do our job.
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1 August 2024 | 10 replies
Big win right?
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31 July 2024 | 9 replies
My concern is I can't figure out how to get those instant cleaning fees for bookings on sites like Vrbo and booking.com.