
30 September 2024 | 9 replies
We currently use an insurance broker that covers while in rehab and then adds loss of rents later once applicable, but communication is difficult when there is a broker involved.

30 September 2024 | 15 replies
I do not have a sheet but I typically budget $150 for lawn, $150 for pool if applicable, $100 for cable, $100 for water, $300 a month for electric (depending on property size and your local utility costs), $50 for pest control, and another $200 per month in misc.

30 September 2024 | 6 replies
And you've joined one of the best communities for all things real estate investing.1️⃣ Download this ultimate beginner’s guide: https://assets2.biggerpockets.com/uploads/user_file/file_object/1694/UBG_2018.pdf2️⃣ Read BP beginner books on investing: https://store.biggerpockets.co...Also, read Rich Dad, Poor Dad by Robert Kiyosaki and Think and Grow Rich by Napoleon Hill 3️⃣ Subscribe to BP podcasts or YouTube channel and watch their webinars. 4️⃣ Ask questions here on the forums.5️⃣ Visit (join) a local (and legit) real estate investment association.6️⃣ Consider joining a BP bootcamp: https://www.biggerpockets.com/blog/real-estate-investing-bootcampsI wish you all the best in your investing journey!

30 September 2024 | 7 replies
Sounds cliche but always best to reach out to a trustworthy loan officer and fill out an application because there are too many things to look at before determining how much you can qualify for.
29 September 2024 | 4 replies
As you read these books, watch the BiggerPockets podcasts.

1 October 2024 | 12 replies
Then, you'll match that journal entry to the bank feed deposit within Stessa that will most likely flow through your bank account in early October.This method allows you to clearly see your income less all applicable expenses per month per property within your master accounting software.Doing this also has the added benefit of allowing you to catch any mistakes made by the PM as well (we catch mistakes all the time for our Clients that would have otherwise cost them money).Does that make sense?

1 October 2024 | 2 replies
And then take into consideration the higher time demand to manage turnover and screening applicants.

30 September 2024 | 16 replies
-StacyWith more interest in AL, the time to get a quote back from a State submitted tax property ‘had’ become increasingly longer… but the State has decreased their time to 10 days (which you used to be 21 days) for all responses to quotes so if you’re in line and the applicants bypass before it’s redeemed you can get a quote sooner.

26 September 2024 | 12 replies
When an applicant is approved, I follow this process:1.

29 September 2024 | 5 replies
We advertised it as a "bonus room/ office" and I think that helped attract the right applicants (they were not expecting a 3 bedroom apartment and then arriving to find out it was only 2 beds with an awkward bonus room).