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1 November 2024 | 6 replies
For winterizing a property without heat, shutting off the water supply is a key step to prevent pipes from freezing and bursting.
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2 November 2024 | 64 replies
Acclimating for at least the manufacturer's recommended time period, temperature and humidity prior to installation is key, as well as keeping the subfloor at the recommended temperature during install and after, sanding down any high spots/leveling the subfloor as much as possible (less than 1/8 in. over. few feet is ideal), leaving a 1/4" gap against the walls for expansion, and limiting the number of heavy objects placed on the floor in one area can help reduce gaps forming after install.
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30 October 2024 | 21 replies
This will be a long distance BRRRR (I'm located in California).I've got 8 turn-key SFRs but now want the money to work harder.Do out of state BRRRR investors have tips on getting started and/or pitfalls to avoid?
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31 October 2024 | 0 replies
Total Active Listings: 2,349 (up 17% over last year)Total Pending Listings in the Last 7 Days: 248 (1% down from last year)Total Sold Listings in the Last 7 Days: 139 (1% down from last year)Average Days on Market: 40 (vs 36 last year)Average Sales Price: $359,167 (vs $335,323 last year)Number of Price Reductions in the Last 7 Days: 688 (vs 606 last year)Sales to List Price Ratio: 97.6 (vs 98.83 last year)Number of Expired Listings in the Last 7 Days: 152 (exactly the same as this time last year)Number of Agents: 8,518 (150 less than last year)Interest Rates: About 7% (vs 7.875% this time last year)Key takeaways: We're seeing more active listings and price reductions but less pending sales, resulting in a shift from a seller's market to a balanced market.
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31 October 2024 | 3 replies
In comparison, when buying real estate you have a guaranteed asset because, unlike the stock market, during inflation, real estate prices tend to increase too so it is clear why some people prefer owning real estate over any other type of investment.While investing in a single, high-risk stock may pay off big rewards, diversifying your portfolio is key to protecting your wealth.
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30 October 2024 | 2 replies
Government is nailing property managers to the wall in a bold move to control financial crimes.BOI is yet another Federal program, “Beneficial Ownership Information.”The BOI program, a key tool in the fight against financial crimes, requires every business to document it’s 'Beneficial Owners.’
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31 October 2024 | 8 replies
That's the key component that is usually missing when I hear other entrepreneurs/investors say they don't like QBO.Something else to keep in mind is your entity structure and how your entities file tax returns.
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30 October 2024 | 8 replies
Hey Hunter,As a property manager for over 20 years, I can say you're definitely hitting the key platforms with Zillow, Facebook, and Apartments.com.
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31 October 2024 | 18 replies
House hacking with friends can be a great way to share both the benefits and risks, but you definitely want to set the right expectations from the start.The key to making this work is transparency.