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24 November 2024 | 19 replies
This can lead to more opportunities and partnerships.Market Understanding: As a property manager, you'll gain a deeper understanding of the local market, which can be invaluable when you start acquiring your own properties.Steady Income Stream: Property management can provide a consistent income, which can be particularly beneficial in the early stages of your real estate venture.Skill Development: You'll develop a range of skills from customer service to maintenance oversight, which are crucial for successful property ownership.Brand Recognition: Establishing a presence as a reliable property management company can boost your reputation, making it easier to attract tenants and investors when you start acquiring properties.Cons:Time Commitment: Property management can be time-consuming, especially if you're dealing with multiple properties or demanding clients.Regulatory Compliance: Staying compliant with local laws and regulations requires diligence and can be complex.Conflict Resolution: Dealing with tenant issues and conflicts is an inevitable part of property management and can sometimes be challenging.Financial Risk: There are financial risks involved, including late payments or damage to properties.Market Fluctuations: The property market can be unpredictable, affecting both rental income and property values.Overall, starting with a property management company can be a smart way to enter the real estate space, especially in an area with a clear need for such services.
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27 November 2024 | 10 replies
If they have multiple properties in the same area, I know this gives them operational acumen and discounts across the board.
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25 November 2024 | 18 replies
The realtor was god awful as well though, she made decisions on the clients behalf without their permission multiple times haha.
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28 November 2024 | 23 replies
But it will likely take you A LOT of trial and error and multiple email threads with their team to get everything set up the way you want.
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25 November 2024 | 24 replies
Multiple, billion dollar companies are investing heavy in our area, such as Intel, Google, and Amazon.
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25 November 2024 | 16 replies
Yes, we also make sure there are multiple exits.
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22 November 2024 | 4 replies
I have had multiple buyers over the years not pay any closings costs and only have to pay for their down payment because the sellers paid.
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22 November 2024 | 7 replies
Note that I am also a real estate agent as well as an investor/builder/developer, so I have multiple ways to monetize a postcard response.
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20 November 2024 | 12 replies
We have not had an issue with multiple listings on different Airbnb accounts before.
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14 November 2024 | 5 replies
I have a multiple member LLC and the other members want to cash out on sale projected in Q2 2025 but I want the option to do a 1031.What are my options?