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3 September 2024 | 12 replies
Hi Yu Jin,Dayton is a step up from Toledo but also comes with a step up in price.The numbers make sense in many Ohio cities.You make money when you buy and not when you sell.So look for off market (We do a lot of direct to seller), negotiate hard, buy with cash and buy quickly.Great deals don't last so you need to know the numbers very well in your target market.I've flipped hundreds of properties in Toledo since 2014 and am glad to say that I know the market like my back pocket.All I need is the address, scope of work and how much I can buy it for.Quick access to AREIS, the MLS to run comps and "ka ching".I know if it's a deal or not.Immerse yourself in the market and become a market expert on the numbers.Nothing comes easy mate and all good things take time.If you are looking to build a rental portfolio in Ohio you have to build a big one.Buying 1 or 2 properties and expecting a significant impact to your bottom line from a net-worth or cashflow standpoint isn't worth the risk IMO.In all sub $100,000 markets, it's important to build a large portfolio as there is a high likelihood that you will have repairs and vacancy on 1 or 2 properties at any given moment.Just my opinion and all the best.
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6 September 2024 | 79 replies
I see that you are an actual company now and you obviously have a fairly good customer support/response team!
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6 September 2024 | 19 replies
You may do better getting a local realtor as leasing agent and sub out all the maintenance to reliable folks who are local.
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2 September 2024 | 32 replies
Rent rates continue to appreciate strongly, with a consistent 7% market (3% in some sub markets, 10%+ in others) appreciation over the past few years. interest rates have decreased in the last few months, and with the latest bunk job report correction and current trends indicated from the feds regarding 'inflation,' we are being prepared to expect more mortgage rate decreases.
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8 September 2024 | 168 replies
US Prime Rate is used by consumers – it is the rate at which banks lend to their best customers."
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4 September 2024 | 84 replies
I agree with @Joe Villeneuve.Real estate investing requires a certain set of service providers (RE agent, PM, lawyer, accountant, bookkeeper, contractor, sub contractors, handyman, etc).
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2 September 2024 | 8 replies
I literally get a Christmas card from my Plumber - which tells me we are one of their bigger customers.
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3 September 2024 | 22 replies
I probably won't book any place that does not have instant booking turned on in the future.If I am not mistaken, instant book is a search criteria on one of the platforms, and if you are not doing that, then your pool of potential customers is smaller by some degree.
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2 September 2024 | 31 replies
That's why I'm currently training new staff to ensure we can always deliver properties with the required quality standard and efficiency.By the way, do you think it would be interesting to offer some basic customizations, like themed paper products or towels, during specific holiday months?
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29 August 2024 | 5 replies
Here is what you get when you hire a GC, someone who wants to call subs and add 2 - 3k on top and then never show up at the house, never manage the quality of work from the Subs, do not manage their time.