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23 October 2024 | 13 replies
Regular preventative maintenance, typically during turnovers between tenants I take note, anything that will likely be a need to repair in the next 12mo I try to fix during my turnovers before a new tenant, but I also take note of anything that may be needed in the next 24mo and the next 5years and I estimate the cost and budget it into my reserves Best of luck with your self management journey!
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23 October 2024 | 8 replies
@Robert MorrisI have seen this technique done by an older landlord/mom and pop owners of C class properties but it worked well for them because they were in a 20-50 unit range of properties that they were self managing - they were also local to their properties.
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22 October 2024 | 8 replies
I'm always down to network and help other new investors like your self.
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23 October 2024 | 7 replies
Not sure where this rental is but if it's an A or B class neighborhood, that's probably why you're self managing it.
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22 October 2024 | 3 replies
I have been more of a lone wolf over the years, so I need a push to open my self to networking and building that dream team!
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24 October 2024 | 19 replies
In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.
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22 October 2024 | 4 replies
Hire a property manager.If you choose to self-manage, be prepared to handle tenant comms, maintenance requests, and rent collection.
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26 October 2024 | 25 replies
You, a self-proclaimed "expert marketer of 16 years" are seriously telling him to continue marketing people who explicitly do not want to sell their house?
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20 October 2024 | 147 replies
Good lord, you people take things too seriously and come to people's defense as if they have been offended in some way.
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22 October 2024 | 19 replies
Your lender will need to work with a Self-Directed IRA custodian.