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17 July 2021 | 3 replies
No hidden fees, up-charging or unpleasant surprises.· Looking for long term relationships with owners and helping them grow their portfolio.· Great softwares, accounting and bookkeeping which better the experience for all sides.· Always having owner’s best interest in mind.· Provide premium service which usually comes at a higher price.· Great reviews on all platforms, mostly from property owners.· Great reputation & highly recommended by realtors and other local professionals.· Always answer the phone in good and bad times.· Regular inspections and maintenance which save investors money and prolong the life of AC, appliances, water heaters etc.· Using great vendors who only go out once, complete the job and guarantee that if anything goes wrong, they will be back to fix it. · Better rates from vendors because they have large volume of work for them and get special treatment.· Quick turns when property becomes vacant, quality work at reasonable rates.· Saving money for their investors.· Providing great experience for tenants and realizing that a happy tenant is the key for a successful investment.· Help plan repairs and keep you updated on upcoming repairs in the near future.· Willing to admit they made a mistake and correct it.· MOST IMPORTANTLY - Manage the investment not just the property – maintain the asset in optimal condition, constantly increase cashflow, limit liability and avoid issues with the investment.1st Type of Owners/Investors:· Appreciate the work done by their property management team.· Pleasant to work with.· Treat the relationship as a partnership.· Extremely diligent in their initial search for property management companies.
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18 July 2021 | 12 replies
That will never change. when real estate crashes the smart ones get richer.
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18 July 2021 | 5 replies
Every situation I encounter that's unpleasant from my business's point of view, I design a system and implement it so I avoid it in the future.Good luck!
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25 July 2021 | 28 replies
Some want your money, others just want to sound intelligent. 2) Listen to people who have been through this RE correction/crash a few times and profited or lost from it.
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19 July 2021 | 1 reply
Here are the pros that I can think of:-I pay myself back and interest -if market crashes i took money out on time and buy the dip -have cash ready to pounce in real estate The only con is if i quit or get fired I’ll pay the Loan back upon that’s the date.What am i missing?
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20 July 2021 | 7 replies
This is one thing (of many) that got a lot of people in trouble in the housing crash.
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21 July 2021 | 2 replies
I spoke to a lender in O'Fallon, IL that thinks there will soon be another market crash, and lenders will start increasing interest rates to 7-8%.
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20 December 2021 | 10 replies
Right now it's this looming "prices are going to crash, mass eviction" hysteria.
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22 July 2021 | 5 replies
I purchased about 28 homes at auctions between 2008 and 2010 and made several million dollars because when the market crashed I had a few million in the bank because I am a patient person and did not blow my money when prices were rising.