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30 October 2024 | 2 replies
Government is nailing property managers to the wall in a bold move to control financial crimes.BOI is yet another Federal program, “Beneficial Ownership Information.”The BOI program, a key tool in the fight against financial crimes, requires every business to document it’s 'Beneficial Owners.’
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1 November 2024 | 18 replies
It was easy to file a small claims suit against the person using the online tools available from the court system.
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31 October 2024 | 8 replies
It would take you approximately 11 years (not factoring in rent appreciation) plus that doesn't factor all the systems you mentioned that need replacement.
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2 November 2024 | 19 replies
Good stuff to think about, thank you Sebastian.It's cool to see extra replies from time to time on this post as I continue with the ideas.It's interesting, I looked into different DSTs and had conversations but just didn't feel comfortable with what I felt was a lack of control or ability to really know the operators and properties.I also kept running the numbers and just couldn't make 1031s into other properties make sense with the new interest rates compared to what I have now.
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2 November 2024 | 8 replies
The General contractor must spend a certain amount of hours each week on each project that he is being an RMO for, and has liability for any construction errors or defects, even though he actually does not have as much control as he normally would. it's really a niche for older retired contractors, it would just be an overwhelming amount of work and potential liability for a younger GC.
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30 October 2024 | 13 replies
Buildium is a nice middle ground and can bring a lot of organization if you don't have a robust bookkeeping system.
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30 October 2024 | 28 replies
It also tracks who is in what house and all other resident info I might need, and is absolutely vital to our operation.Each of our houses has a live-in manager who, for free rent, ensures all residents are following a strict set of rules and guidelines that is enforced quantitatively with a points system to ensure objectivity and uniformity between managers and houses.
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31 October 2024 | 2 replies
@Glen Michael I've heard Peter Lohmann talk about using NPS scores for their residents and owners, I don't know too much about it, but I think it's a system designed to get a real idea on how they're doing.
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29 October 2024 | 4 replies
We just installed an AI text & dialing system which can handle real phone conversations and book meetings into a calendar.
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30 October 2024 | 7 replies
I also notice a lot of the school systems are not rated that well.