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16 January 2025 | 78 replies
They don't take time to understand the business and work with their PMC on solutions.If you'd like to understand more about all this, DM us.
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7 January 2025 | 5 replies
@Ezra Avery you might want to read below to understand Classes of Property/Tenants.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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6 January 2025 | 28 replies
I also question if they have a good understanding of the effort and risk of residential RE investing.
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9 January 2025 | 7 replies
100% worth it to post on Furnished Finder, but you need to make sure that you understand it is not a booking site.
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10 January 2025 | 4 replies
@Andreas Mathews admirable, but make sure you do some research so you understand what a PM can make.Starting your own PMC business will require 75-150 doors to make a decent living, depending on gross rents and your fee structre.Working for a SFR PMC as a PM, will require a RE license and you usually get paid a percentage of the gross rents the portfolio of owners/properties you manage generates.
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16 January 2025 | 40 replies
From my understanding, if you list the properties under a legal business and sell the business itself the ownership of the account isn't getting moved.
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12 January 2025 | 25 replies
Also appreciate your doing it to encourage others. 1) Totally understand where your coming from.
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12 January 2025 | 7 replies
Second, in terms of asset protection, LLCs are not invincible, but I think what many don’t understand is that they are not designed to completely shield your assets from liabilities, on the contrary they are designed to contain and isolate liabilities.
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10 January 2025 | 9 replies
Build a strong team, prioritize cash flow, and take the time to understand the local market and regulations, especially for development projects.
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9 January 2025 | 18 replies
The irony is most who post in these forums about entity formation and asset protection are solely concerned with preparedness for when claims arise without understanding the true ramifications, don't know the difference between being a certificate holder and additional insured status, what indemnification means etc.