
6 March 2024 | 9 replies
Interestingly, they've recently negotiated a re-purchase price with us IF we bring new funding to the table.The rehab is required for several reasons: (a) correct the damage the bank has allowed to happen to the property improvements these past few years (known problems include completely destroyed pool makeover; wild animals living inside the residence; flooring missing in sections of the rec center building; destruction of the decorative main entry gate mechanism; lots of dead landscaping; as well as latent defects not known to us such as working plumbing, HVAC & water services) AND (b) expansion & upgrading of the accommodations (converting the private residence to a 2-story lodge with the restaurant/bar, reception/check-in, movie room, public restrooms, gym/sauna/steam room/massage therapy room; enlarged pool & deck area with climate-controlled cover for year round use; conversion of former restaurant/bar building to a general store selling venue collectibles & wearables, selected pre-packaged foods, sundries, RV & camping items, bagged ice & a propane refill station; construction of a free-standing event center; free-standing cabins; enlarged & upgraded RV park with its own small restroom/coin-op laundry building; outdoor activity areas; new landscaping & fencing; new parking area & entry drives (personal car & RVs).We know our target audience having created and operated the former version of this resort for almost years creating an initial membership base numbering about 1,100.
5 March 2024 | 7 replies
Good Sponsors should have a portfolio of properties in different regions, and usually select properties rated Class-A—high quality, newer buildings with top amenities and low vacancy rates.

5 March 2024 | 15 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

4 March 2024 | 8 replies
In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

5 March 2024 | 9 replies
I then go into AirDNA and look at the comps and select the closest property (ies) in terms of quality and amenities.

4 March 2024 | 8 replies
When I go to pay the bill, I do it online and select the purchases for 1 single rehab and pay those from the designated checking account.

4 March 2024 | 10 replies
I concentrate mostly on site selection and data analytics for retail medicine.

4 March 2024 | 2 replies
Pretty simple platform, but doesn't have much customization.You could also look into Appfolio, Rentvine, Doorloop and several others, but they cost more and are more complex to implement.We use Propertyware, which is extremely customizable, which is why we selected it, but comes with a long learning curve.

4 March 2024 | 14 replies
Your investing selections will be influenced by your ambitions.Make both online and physical connections with other real estate investors.

4 March 2024 | 17 replies
It looks like your state allows you to select a provider and shop for lower rates: