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31 January 2025 | 3 replies
The manager doesn't determine what they do and don't like, they 'manage' the HOA to comply with the law and guidance from the Board.
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4 February 2025 | 9 replies
I would focus on a strategy and you and your brother like (Do you want day to day management of a house flip?
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3 February 2025 | 2 replies
I’ve been in the STR game for 6 years, managing multiple properties, and here are some of the tech tools that have been game-changers for me—both for evaluating and managing properties.
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6 February 2025 | 3 replies
Consider managing remotely you'll have to be willing to travel 3 hours when needed or find a way to handle it virtually.
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31 January 2025 | 3 replies
Also, any advice on managing budgets for PPC in the real estate sector would be really helpful.Thanks in advance for any insights.
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5 February 2025 | 6 replies
@Micah Huffman unless you are going to commit to learning some basics about being a landlord AND are willing to commit at least 2-4 hours each month managing a Property Management Company - it's probably best you sell.Otherwise, it's highly likely you could lose more due to bad tenants and management.
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3 February 2025 | 6 replies
If you're willing and able, I do recommend the "house hacking" strategy which is just a fancy name for buying a rental property and living in one of the units, because you'll get very favorable financing - an owner-occupied fixed-rate 30-year mortgage.I'd also say, analyze that property as if you won't live there and it's a pure rental, and make sure the property is still cash flow positive if there's a tenant in your unit because then you'll know if it's actually a good investment.And when you analyze it, include payment of a property manager in your #s because if you don't, and doing so would make it go cash flow negative, then you've just bought yourself a job because you literally can't step away from managing it without losing money.
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30 January 2025 | 7 replies
@Basit Siddiqi Have you considered getting an assistant to manage all of those things rather than a property manager.
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2 February 2025 | 2 replies
Self-managing is definitely the way to go!
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30 January 2025 | 4 replies
I have 3 homes managed by a property manager.