
5 June 2024 | 10 replies
It's interesting that many of these VC-backed PMC's, despite having 10k+ properties under management, aren't doing well financially - one of them just merged with another industry-related company also not doing well.Just for fun, here's a partial list of PMC expenses that owners pretend don't exist:Office rentComputers, printers & softwareInternet & phone billOffice furnitureOffice supplies: paper, postage, ink, etc.Office liability insuranceAuto expenses: monthly payment, insurance, gas, maintenance, registration/plate feesBroker license fees: annual, monthly board & MLS fees, continuing education fees, E&O insuranceEquipment: lockboxes, signs, etc.Business income tax preparation and paymentsStaff payroll & payroll taxes Time Tasks: answering phones, calling past due tenants, scheduling tours, taking marketing pics, processing those pics, writing ads, researching rent amounts, posting ads, explaining to owners how rent determined & showing where ad posted, opening & processing mail, posting payments, bank deposits, scanning documents & posting to owner & tenant portals, explaining accounting to owners so they understand their monthly statements, taking pics/videos of repairs, finding reputable handymen and contractors, confirming they're properly licensed & insured and tracking annually, verifying repairs done properly, processing invoices for utility bills, repairs, taxes, city inspections, scheduling periodic property evaluations/inspections with tenants that don't want strangers in their homes, explaining to owners why something is taking so long, and more & more & more...OBSERVATION: many owners only want to pay a flat fee or 50% of a month of rent as a leasing fee - without realizing the repercussions.

3 June 2024 | 2 replies
Twin Falls CountyAverage Purchase Price: $360,000Average Rental Price (3-bed home): $1,600/monthKey Highlights:Twin Falls city is known for its agricultural base and growing commercial sector.New businesses and developments attracting residents.Affordable housing market with room for growth.Investment TipsResearch Local Markets: Understand local trends, employment opportunities, and population growth to identify the best neighborhoods within these counties.Property Types: Consider what type of property (single-family homes, apartments, etc.) would yield the best returns.Rental Market: Evaluate the rental market dynamics to ensure consistent demand for rental properties.Long-Term Trends: Look for counties with long-term economic and population growth to ensure sustained property value appreciation.Investing in these Idaho counties offers a blend of affordability, growth potential, and rental demand, making them attractive options for real estate investors.For more information about Kootenai county please reach out.

2 June 2024 | 1 reply
I may have stumbled upon a great deal but as I am not a professional or seasoned expert like most of you, I thought I would drop the numbers and plans here and see if I’m outside of my depth hereNear Clanton, Alabama...

4 June 2024 | 14 replies
The attorneys would be in the best position to help you on evaluating the merit of getting back rent on a section 8 property.

4 June 2024 | 7 replies
I completely understand where you’re coming from, and I appreciate the opportunity to address these points.Be CautiousIt's wise to take a step back and evaluate any program carefully before making a financial commitment.
3 June 2024 | 4 replies
Some criteria to consider when evaluating a market are:- school districts-crime rate- job/population growth If the crime is low, schools are reputable, and job/population growth are steady/high, chances are you are looking in the right markets.

3 June 2024 | 19 replies
If I intend to rent the apartment to them they are to log onto Cozy and complete a background check- they will be reimbursed the $25 if they are selected as a tenant.5.

2 June 2024 | 2 replies
I'm looking at a plot but looking for some guidance on what to look for while evaluating the deal.

3 June 2024 | 18 replies
But you would want to evaluate the guest avatar your property draws, to decide if a guest would even be someone that uses gym equipment/membership.

4 June 2024 | 42 replies
The third question is what methods of wholesaling should I consider (assuming the answer to the first two questions are yes), how to I obtain knowledge of the methods, how do I evaluate likely success.