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14 August 2024 | 134 replies
“I have 10,000 units and $2B under management” sounds a lot better than “I raised $500M in equity financing and have lost at least 75% of that equity if I were to liquidate my portfolio right now”They have already begun sending threatening legal notices to members who post on these forums, even when those members post factually correct information.That’s why a forum that allows discussion to take place on this subject that is designed to shine a light on GP behavior and performance is so important.
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7 August 2024 | 13 replies
I've never participated in section 8, but I thought all outlets had to be grounded.Outlets need to be grounded if they were originally designed to have a ground.
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8 August 2024 | 17 replies
In terms of getting out of the contract should there be damage, and it can't be negotiated with the seller--Line 439 "Force Majeure" will allow you to terminate the contract just as long as the property is within the designated state of emergency area.
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5 August 2024 | 14 replies
It is important that the designed purpose of the property is congruent with the rules and regulations established by the local authority in order to ensure its successful use as well as to avoid any possible inconvenience due to lack of compliance.
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6 August 2024 | 14 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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6 August 2024 | 29 replies
Zillow's agent star rating system is an attept into that direction, but is founded on the fact that agents pay for Zillow engagement and so the behind the scene dynamics lead to results, that are not in the best interest of consumers.
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6 August 2024 | 28 replies
It helps that STRs are more actively managed than LTRs to qualify for being designated a Real Estate Professional.They do this with their individual tax professionals.I have nothing to do with that or the cost segregation studies.
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5 August 2024 | 9 replies
The other 75% of the skills required to be a good developer will have to be learned elsewhere (a good mentor is the best way).These include everything from Zoning/Subdivision/Land Issues to Environmental Issues to Permitting Nuances to Design Issues, plus all the differences in financial analysis.
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5 August 2024 | 27 replies
For example, I have a potential client that has decent unit with a solid location but the decor/furnishings remind of a frat boy out of college meets IKEA/Amazon.A unit like this will suffer from poor design and the reviews will show as well which I do not want affecting my reputation or Super Host status.Do I just decline taking them on if they are not willing to work on it?
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5 August 2024 | 5 replies
I have a good network of service providers for work, design, questions about permits in the local market, etc. if you want to connect.