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12 July 2024 | 7 replies
We use Streamline which is a legacy provider but it is cumbersome and designed for larger scale PM operations (trust accounting, owner portals, etc etc).Just a few integrations we use: Lynx (locks), BookingPal (channel manager), EZCare (HK/Maint Ops), RevMax (Pricing) - There are more, thats off the top of my head.
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15 July 2024 | 26 replies
The management LLC does literally all management activities-- hire PMs, hires contractors for renovations, hires the legal experts for other stuff, buys STR furniture, hires interior designers for STRs, hires pest control, etc.
12 July 2024 | 18 replies
You need to drill down deeper, R-2 is single family as well as R-3 and R-4, they are multi family in the sense of being more than one unit, R-1, but the federal designation does not change until there are 5 units or more.
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11 July 2024 | 2 replies
What I'd bring to the table would be researching and sourcing properties, cash for down payments and other expenses, and design and some finishing material sourcing.
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11 July 2024 | 6 replies
@Noah Bacon, does the tool kit include design, pricing, bidding, and management features or just the HD Elite discounts (which for some reason do not kick in for me)?
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10 July 2024 | 3 replies
Websites like Architectural Designs, Houseplans.com, and The House Designers are popular choices among real estate investors and builders.
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12 July 2024 | 155 replies
I’d like to point out that when you buy a property in another market for use as a short term rental, you can designate it as a vacation property and only need to pay 10% down.
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10 July 2024 | 8 replies
It will have to be professionally designed.
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11 July 2024 | 10 replies
A common rule of thumb is to budget around 1-2% of the property's value annually for maintenance.Management Fees: If you plan to hire a property manager or use a property management service, factor in their fees as part of your operating costs.Contingency Fund: Always include a contingency fund in your budget to account for unexpected expenses or fluctuations in operating costs.Financial Modeling Tools: Consider using financial modeling tools or spreadsheets designed for real estate investment analysis.
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11 July 2024 | 8 replies
Trying to find a way of leveraging my teams strengths and relationships now (construction, design, engineering, etc.) and build smaller (12-50) unit multi-family or town home developments.