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11 January 2025 | 14 replies
@Rafael Valdor some advice when screening PMCs-----------------------------------------------------------------------------------------------------Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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12 January 2025 | 28 replies
Read those relevant parts and figure out how far in advance you must give eviction notice, how to handle evictions with no lease, etc.2.
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9 January 2025 | 12 replies
One more thing, especially for people who don't meet my criteria, besides more deposit is required, I also do a interview with them, not interrogation style, more like a friendly conversation to figure out their situation.
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23 January 2025 | 52 replies
What I do in a situation like that, is I try to figure out what I think they really would like to ask if they had enough knowledge to ask a good question.And then I answer the question I think they would ask if they knew more about this business vs. the original question.
13 January 2025 | 41 replies
A few months go by and unbeknownst to me the escrow account had now drawn negative which triggers the lender to no longer apply what’s considered a “partial” payment to them, given that I’m now paying less that what’s due given the escrow increase required but not relayed to me even though I expected it at some point.Last month I’m on Zillow looking at the value of my properties.
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25 January 2025 | 24 replies
First figure out how you can even qualify for a loan since you are a student with I’m guessing little to no income.
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14 January 2025 | 9 replies
Having reasonable expectations, hiring a local professional (Realtor or PM), doing your research, and doing everything right (i.e. pro photos, professional design, good renovation, proper amenities and location, etc) are the keys to success in 2025.
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16 January 2025 | 13 replies
You can tinker with all sort of pricing strategies on the platform, but the key is figuring out your base price, which they help with as well.
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16 January 2025 | 12 replies
So your capital gain when you sell this property will be calculate against your tax basis and not against your mortgage as many investors expect.
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11 January 2025 | 0 replies
The new figures indicate Texas is still in the midst of a population boom, with the state adding over 2 million new residents since 2020 when the last official decennial census took place.