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16 January 2025 | 7 replies
Top 3 reasons owners hire PMCs:1) No time to manage correctly2) No time to learn how to manage correcly: laws, documents, processes, etc.3) They're too nice and need someone to "save them from themselves"A good PMC can usually earn their fees by better managing the property/tenant than the owner, thereby:1) Increasing owners net profit2) Decreasing owner's time commitment, stress, headaches, etc.No matter what though, you should always plan to commit a couple of hours a month to manage your PMC.
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15 January 2025 | 2 replies
Hi, I was wondering if there's any good reliable places to market tenant in place + management in place properties.
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15 January 2025 | 24 replies
If you don't want to manage the property at all, you are losing money on the management when small scale management is not hard at all with a little help.
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17 January 2025 | 5 replies
Metron and Southern Water Management are two that we've been talking to.
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22 January 2025 | 5 replies
I am a broker and property manager up here in Clarksville, TN.
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14 January 2025 | 4 replies
Ease of management?
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2 January 2025 | 4 replies
My business partner is a regional VP for NARPM and I am happy to help if you need anything please reach outQuestions to Ask prospective management companies What are your average days on market for vacant homes?
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16 January 2025 | 6 replies
Daniel,If its something you really like from all accounts, get with an inspector and property manager to give their thoughts on the area, condition of the property etc...
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17 January 2025 | 23 replies
That is a good thing but if you have never managed it can still go sideways.
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16 January 2025 | 3 replies
This is how I see it:Single-Family Homes:Pros:Larger pool of potential tenants (families).Simpler management (one tenant, one lease).Often easier to finance.May appreciate faster in some markets.Cons:Only one income stream.Vacancy hits harder financially.Duplexes:Pros:Two potential income streams.Live in one unit and rent the other (house hacking!)