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11 October 2024 | 8 replies
In my own experience, when a tenant needs 2 jobs (not 2 people have 1 job each) just to make rent standards will ensure frequent repeated late rent payments.Consistent long paying jobs and income history is more indicative of stable rent collections.Keep looking.
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12 October 2024 | 9 replies
If your unit is more B/C class where you can attract lots of decent hard working entry level to middle class workers then I would focus on improving the units to capture those kinds of tenants and oust the trouble makers you have.
8 October 2024 | 14 replies
He's a coach/mentor as well as a legit deal maker.
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7 October 2024 | 2 replies
@Henry Lazerow you know this doesn't make real estate agents look good for trying to do PM services?
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8 October 2024 | 16 replies
We charge $100 pet fee and this is a money maker.
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4 October 2024 | 9 replies
I would nonetheless be the contact person and primary decision maker with property management and my brother would be largely silent as per his preference.
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2 October 2024 | 13 replies
When the calculator is more of the decision-maker than you on your first one, I think the balance is off.
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30 September 2024 | 4 replies
We also try not to install fridges with water dispensers or ice makers but if we do, we put in our rental agreement that tenant is responsible for any repair to water/ice makers.
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2 October 2024 | 7 replies
I have a Associate Degree in a completely unrelated field.Seeing as how we are planning to make real estate the foundation of our day-to-day income stream and long-term "retirement" strategy, it feels as if making another change of profession is in the cards.
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2 October 2024 | 13 replies
Real estate investing can be a great idea for several reasons:Potential for Appreciation: Over time, properties often increase in value, allowing investors to build wealth through appreciation.Passive Income: Rental properties can provide a steady stream of passive income, helping to cover expenses and generate cash flow.Tax Benefits: Real estate investors may benefit from various tax deductions, such as mortgage interest, property taxes, and depreciation.Inflation Hedge: Real estate tends to keep pace with or outpace inflation, making it a good hedge against rising costs.Leverage Opportunities: Investors can use financing to purchase properties, allowing them to control larger assets with less capital upfront.Portfolio Diversification: Real estate adds diversification to an investment portfolio, potentially reducing overall risk.Tangible Asset: Unlike stocks or bonds, real estate is a physical asset that you can see and manage, providing a sense of security.Control Over Investment: Investors can influence property value and income through renovations, management decisions, and property improvements.Building Equity: As you pay down a mortgage, you build equity in the property, which can be accessed later through refinancing or selling.Community Impact: Investing in real estate can contribute to community development and improvement, positively impacting neighborhoods.These factors make real estate investing an appealing option for many people looking to grow their wealth and secure their financial future.It really comes down to investing in a growing market, in a good neighborhood & building a great team to support you.