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19 November 2024 | 4 replies
Hi all, was wondering if anyone has or intends to file a claim in the residential real estate broker commission anti-trust settlements.
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19 November 2024 | 1 reply
Here's a breakdown to my best knowledge Real Estate Investment Trusts are companies that own, operate, or finance income-producing real estate.
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19 November 2024 | 11 replies
It really comes down to your comfort level with debt and your long-term strategy.
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22 November 2024 | 9 replies
I haven't been expanding my business with LMHA since the end of 2016 per my posts above so I don't know exactly what changed, but I expect the outsourcing of inspections to private industry + some executive level leadership + replacement of staff with new faces excited to serve the needs of HUD/Landlords/Those In Need has resulted in an agency I will develop more business with.The HCVP will always be a double edged sword for landlords (See Section 8 Bible discussion) but for now I have discovered it is finally worth the effort to participate in the program.I specialize in Toledo's transition neighborhoods, discounted houses on the edge of nicer areas but also on the edge of trash...the Section 8 program allows me to get long-term tenants who are a good business model provided they are consistently managed and visited/inspected for additional "visitors" (relatives and random dogs/cats) and damage/housekeeping which can destroy a home if left unchecked.You need to know the rules, repair and renovate for long-term durability, prepare for inspections thoroughly and keep a team of contractors who will hold those standards...after 8 years we have been through a hundred inspections.
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19 November 2024 | 1 reply
My question is since a lender is involved and I will be drafting up a contract how do I protect myself as to once I hand off the home he doesn't end up pushing me out (there is no sign of such and there is trust but this business)?
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23 November 2024 | 15 replies
It shows tenants, lenders, and partners that you’re serious about your business, which can build trust and credibility.
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11 November 2024 | 4 replies
We did a second Land Trust deal with another local company as trustee and had absolutely abysmal service.
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20 November 2024 | 1 reply
However, pricing in Austin is still substantially above pre-pandemic levels.
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20 November 2024 | 13 replies
Hey @Ana Mills, this ultimately depends on what your current portfolio looks like, your entity structure, and your plans to scale or not.If you have a few STRs and no plans to grow, it's beneficial to have separate bank accounts and credit cards for each property.If you plan to scale to 10+ properties and hold each property within it's own entity, maybe just a checking account per entity and keep some credit cards at the holding company level.
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21 November 2024 | 21 replies
To protect the floor or more importantly the lower level ceiling in the case of a leak/overflow form the washer. 99% of them never do anything their entire life. i would have balked at a $500 estimate for that job.Ps.