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23 December 2024 | 9 replies
A strong partnership benefits both parties.Happy vendors are more likely to prioritize your jobs and provide high-quality service, benefiting both tenants and owners.Balancing Stakeholder NeedsBalancing these relationships requires a strategic approach:1.Standardized Processes: Implement systems that ensure consistency and efficiency in addressing maintenance requests, approvals, and payments.2.Transparency: Use technology, like owner and tenant portals, to provide real-time updates and visibility into ongoing issues.3.Regular Communication: Maintain open lines of communication with all stakeholders.
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30 December 2024 | 7 replies
Also, check if they have skin in the game (their own money invested), as it shows they’re confident in the deal and aligned with your interests.If you’re considering alternatives, REITs are fantastic for super-passive investors who want steady, low-effort returns—usually about 2 points above a savings account—but you lose tax benefits and control.
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26 December 2024 | 15 replies
With good credit and a relatively low LTV, they may price comparably.
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24 December 2024 | 7 replies
But tax benefit of MTR if there is difference between the 2 vehicle.
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23 December 2024 | 4 replies
I exhibit and talk at them about available tax benefits and cash flow that too many miss.
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26 December 2024 | 6 replies
Most of the easy "lipstick on a pig" transformations are gone - you're often looking at more serious rehabs to make the numbers work.That said, we do have some advantages: strong rental market (lots of students, young professionals), still relatively affordable deals, and good appreciation potential in many neighborhoods.
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26 December 2024 | 14 replies
You can find lots of real estate related resources (wholesalers, buyers, contractors, realtors, lenders, property managers etc.)
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6 January 2025 | 25 replies
The NPV benefit of shielding income will be substantial 10 yrs down the line.
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23 December 2024 | 15 replies
The potential liability from having someone do a job they are not licensed to do far outweighs the cost-benefit.
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24 December 2024 | 5 replies
All the other fancy ways people try and get creative with owning something typically only costs you money and provides zero benefit.