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18 January 2025 | 11 replies
Feel free to DM me if you'd like more insights on all this (we don't do biz in Alabama so got nothing to lose).Here's some other "copy & paste" advice on how to search for a better PMC:----------------------------------------------------------------------------------------------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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15 January 2025 | 34 replies
Quote from @Chris Strausbaugh: I'm located in Pennsylvania.
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11 January 2025 | 6 replies
It all depends on your location and service.
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9 January 2025 | 6 replies
If there are people there will be a need for MTR-- getting your location, unit size and pricing to align is the magic sauce.
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9 January 2025 | 13 replies
After reviewing your application, we’ve determined that, unfortunately, we are unable to move forward with your application at this time, as it does not meet our established criteria for income and (other established criteria) We appreciate the time you took to apply and wish you the best of luck in your continued search for a home.
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15 January 2025 | 11 replies
This will help to reduce the premiums.Self Storage – “Company” Liability/Property insurance.Below is a summary of our Storage insurance for one location for your information.
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3 January 2025 | 3 replies
My immediate goal is to acquire our first property and spend the next two years mastering the basics of real estate investment. ( Refining the Go and No property search criteria/ Learning the value of taxes and avoiding them as much as possible/ 1031 exchanges) Depending on my wife’s career orders, we may remain in Baltimore for 1-2 years, but I’m also exploring opportunities in West Texas, Sierra Vista, AZ, and Houston, TX.
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15 January 2025 | 14 replies
The real estate investing industry uses "Classes" to rank property performance risk, but there's NO agreed upon industry model:(Here's what we use for our Metro Detroit market:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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19 January 2025 | 46 replies
Ask your brother what his BAH is for his rank and location.
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7 January 2025 | 3 replies
As you said, this allows you to track LLCs (locations) and properties (classes and/or customers).