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18 October 2024 | 7 replies
Income fluctuates tremendously in most 1099 real estate occupations (being a Realtor included) so having that put away will be vital to your comfort and peace of mind as you get started.(1) figure out how your minimum monthly income needs (this may change as you move to a different city and get out of college life, so estimates are fine for now)(2) cut out everything extra until you've put away 6 months reserves(3) live way below your means so you have extra money to save and investGood luck and congratulations!
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18 October 2024 | 7 replies
You seem very green, I would highly suggest finding a property management company to do this for your while you learn the ropes and how things work.However, you can also get a copy of "The Book on Managing Rental Properties" by Brandon Turner, and get some really good information.The main one's to consider are:Background check - totally clear, or will you allow certain thingsEviction history - totally clear, or will you allow if no evictions for last xx yearsIncome Requirement - usually 3x the cost of rentCredit History - totally clear, or will you allow certain thingsPets - yes or no, size, type, number of pets allowed, extra pet deposit/feeAgain, I highly suggest a property manager to assist you with this.
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18 October 2024 | 6 replies
SEO according to data across thousands of deals we've researched with investors tends to have the highest lead to deal close ratio and highest average profit per deal, mainly because of the motivation.
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17 October 2024 | 3 replies
I don't invest there (currently) but Columbia continually shows extremely strong data.
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16 October 2024 | 5 replies
My CPA requires Quickbooks online and it seems there isn’t an easy way to do the data entry and allocations and keep those two systems inline with all the transactions.
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17 October 2024 | 10 replies
Just gets harder and harder to back in to a software with more and more data each month.
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15 October 2024 | 2 replies
Over the past three years, I’ve been using most of the major off-market techniques.One standout method has always been pulling data and feeding it into a call center to generate off-market leads.
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15 October 2024 | 2 replies
Over the past three years, I've been using most of the major off-market techniques.A standout method is always pulling data and feeding it into a call center to generate off-market leads.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1130761/small_1678971990-avatar-brandong152.jpg?twic=v1/output=image&v=2)
18 October 2024 | 29 replies
Almost every host has experienced it, a high maintenance guest that you go the extra mile for and reports nothing wrong during the stay, but then posts a hyper critical review as if they are Gordon Ramsay reviewing a restaurant.I have always opted to just not post a reply, especially since we have over 50 great reviews on both sites.