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30 August 2024 | 18 replies
Put simply, property management is a tough business and margins are small ($1,000-$1,500 annually per home)... managing contractors is difficult but the money is much bigger and much faster ($1,000-$5,000 in just a few months)... and selling turn-keys can yield $5k-$20k.
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28 August 2024 | 8 replies
There is actual potential to scale and develop a market position that beats stick built in modular, in my opinion this doesn't exist with container builds.
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4 September 2024 | 84 replies
I found myself missing out on more fun occasions than I'd like to admit because I needed to be at my properties handling some issue or showing it when vacant.I found that I had become conditioned by the sound of my phone (even though I helped alleviate it by having quiet hours on my phone from 7:30pm - 08:00am). 95% of the time when a tenant contacted me, it meant something was broken, there was an argument, or there was an excuse about late rent.My husband has been gently pushing me to get a PM for a while.
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30 August 2024 | 6 replies
If the rehab is done, that can get you your cash back faster to invest in a new project.
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31 August 2024 | 18 replies
If its an actual single family home and its in decent condition, you should be at least 1600/mo - and that changes the scenario quite a bit!
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28 August 2024 | 14 replies
I had expected lease up to be slightly faster.
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28 August 2024 | 0 replies
I promise it beats trusting social media gods.Investor list nurturing requires consistent communication.
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29 August 2024 | 7 replies
If you do a BRRR strategy, you probably could get away with investing only a part of your savings and having the rest as reserves, which will get you out of trouble for any rookie mistakes you make and let you grow faster.
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29 August 2024 | 5 replies
The GC license in now way shape or form guarantees that:1) They know about the trades they are hiring for2) They know how to manage, organize, delegate during the job3) That they will be at your house making sure things get done rightI only work now with people who hold GC licenses, they are insured, AND they need to know the trades and actually be working next to the guys in the house.
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31 August 2024 | 36 replies
This is a shame and I think we need to do something about it to save others from getting beat out.