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24 March 2024 | 2 replies
However, the tenant and partner, who originally stated they lived at the same address, had two different addresses on each driver's license, which raised some suspicion.
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23 March 2024 | 9 replies
NAR should have a driver referral link for Uber driver signup, so at least we can earn some commissions.
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25 March 2024 | 118 replies
Many OOS investors set themselves up for failure because they don't truly take the time to understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.
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23 March 2024 | 14 replies
@Joseph O'Sullivan, great question.I'd ask how they handle generating and delivering 1099s.
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24 March 2024 | 19 replies
Because if "the body" doesn't pay, we have to get "the body" out and it isn't fun times lolIt's important to build a large portfolio with B class or C class properties because there will always be something happening at any given moment IMO to 1 or 2 properties as I mentioned above.It's just the nature of the beast.I own a nice condo in Downtown Chicago since 2016.Tenant is a Crypto exec.Direct rent payment on the 29th of each month and haven't heard a "word" from him for many years.ROI is 3% tho lolA nice portfolio in the Midwest should deliver a net ROI year after year of 8% or so but it comes with more hassles.Anyone reading that wants to invest with us and only invest in 1 or 2 properties.Save yourself the hassle and us and don't invest 🙏Thanks ps.
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22 March 2024 | 17 replies
Crime is relevant, but much more important is house specific data, jobs data, location data and management data.Two, ask questions about how a turnkey company or management company if that is not provided is going to deliver the results you are seeing on paper and expecting.
22 March 2024 | 12 replies
The revolving door of homeowners trying and then abandoning Airbnb adds to the platform's challenges.Like Uber did with drivers' resources, Airbnb is leveraging homeowners' properties.
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21 March 2024 | 0 replies
Investors find mid-term rentals an attractive proposition due to their balanced approach to occupancy rates, operational costs, and return on investment.A Market Driven by Change:The increase in remote work and the global mobility of the workforce are significant drivers behind the rising demand for mid-term rentals.
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20 March 2024 | 8 replies
Not a joke, but my dad(who is a real estate broker) always said, "I'm an expensive cab driver, if I take you to the right place, I'll get a big fare!"