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27 December 2024 | 1 reply
The thing is huge and just sucks to have it sitting empty outside of me hanging out in there with a couple beers and a TV on nice days.
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2 January 2025 | 10 replies
It's your job to create a buffer between the tenants before they start fighting as well.
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28 December 2024 | 2 replies
Put down a nice piece of sheet vinyl.
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2 January 2025 | 53 replies
They see it online, it’s nice inside, but the street it’s on is rough.
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4 January 2025 | 14 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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28 December 2024 | 2 replies
I was an electrician for over 20 years with my last electrical job being shop foreman for a custom electrical control panel shop and UL 508 specialist.
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23 December 2024 | 9 replies
A strong partnership benefits both parties.Happy vendors are more likely to prioritize your jobs and provide high-quality service, benefiting both tenants and owners.Balancing Stakeholder NeedsBalancing these relationships requires a strategic approach:1.Standardized Processes: Implement systems that ensure consistency and efficiency in addressing maintenance requests, approvals, and payments.2.Transparency: Use technology, like owner and tenant portals, to provide real-time updates and visibility into ongoing issues.3.Regular Communication: Maintain open lines of communication with all stakeholders.
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2 January 2025 | 13 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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4 January 2025 | 67 replies
Local furniture shop about 8 miles away did the woodwork out of Mahogany, really great job.
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30 December 2024 | 89 replies
STR without ownership is basically a STR PM job for you.