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7 October 2024 | 35 replies
We don't believe you can automate property management--you're absolutely right the business is hyper-local and other factors you listed.
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2 October 2024 | 6 replies
Local laws may also include protections based on other factors such as source of income or eviction history.Disclosure Requirements: If you are using third-party screening services like SmartMove or another credit reporting agency, you must provide the applicant with an "adverse action" notice if you deny them based on the results.
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3 October 2024 | 11 replies
This can help offset costs and improve your financial position.Cash Flow- Calculate all expenses related to both properties (mortgages, property taxes, maintenance, insurance) and ensure you have a positive cash flow.Vacancy Rates- Factor in potential vacancies when estimating rental income.
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1 October 2024 | 4 replies
I downloaded a few Excel BRRRR calculators but created my own because I wanted to understand every calculation, factor and lever to maximize my investment.If you are going to buy from a wholesaler, it helps to have a relationship with a few in the area you are looking for.
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2 October 2024 | 2 replies
Ask how they handle routine maintenance and emergencies and whether they have established relationships with cost-effective and reliable vendors.By focusing on these critical factors, you’ll be in a solid position to hire a property manager who can take the stress out of managing your rental property while helping you maximize your investment.If anyone has more specific questions, feel free to ask—I am happy to share more detailed advice!
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1 October 2024 | 5 replies
Just make sure to factor the taxes into your cash flow analysis.
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1 October 2024 | 24 replies
Are they doing everything they can to expose properties to the widest possible market?
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4 October 2024 | 35 replies
I think of my project in oregon building new homes were we dump a 30k lumber pack and it just sits next to the street and nothing goes missing.. then we get the house wired and all the wires are exposed until we can weather in it..
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3 October 2024 | 15 replies
I would say the biggest factor though would be scalability.