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6 February 2025 | 0 replies
I sent email notification to all tenants the following day saying that this is unacceptable behavior since it can potentially cause a fire and carbon monoxide poisoning.
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4 February 2025 | 4 replies
Communication via email has been excellent as well!
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27 January 2025 | 17 replies
I know how to use the basic features of QBO, as I do my own expense tracking, but my Bookkeeper is needed for the more complex entries (Loans, capital balances, reconciliation, data entry from PM monthly statements.)I spend almost 8k per year in QBO and Bookkeeping costs (Not including my accountant or tax prep.)
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6 February 2025 | 7 replies
Often wholesalers and investors cross paths in these communities.3.Direct Outreach & Marketing:Consider running targeted ads or direct mail campaigns focused on property owners.
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9 February 2025 | 5 replies
He casually told me he sends out 10,000 pieces of mail every month. . .ten thousand!
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27 January 2025 | 2 replies
Every day I mark how many calls to leads I made, how many people I contacted (and was it email, call, text) from my database/past clients....how many social media posts I answered or made, etc.I don't know if that's automating, but every week I can quickly see how much of each money generating thing I did.Do you use Google Calendar?
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7 February 2025 | 22 replies
Note that the diagram doesn't consider tax implications—that's another important factor you'll need to include in your decision.
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22 January 2025 | 20 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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4 February 2025 | 6 replies
Another way is by networking with property owners directly, such as through direct mail campaigns (trying checking Corefact)
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6 February 2025 | 7 replies
send me your email.