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18 January 2025 | 18 replies
Becoming a property owner.The hardest part about this right now is underwriting deals, remaining patient and disciplined.Outside of that, the actual details of managing the property are only hard if you do not have systems in place, delegate responsibility, and don't fully comprehend what physical asset investments require-- capex & opex heavy.
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25 January 2025 | 3 replies
But there are a few ways to shake things up:Cash for Keys: Offer them money to move out.
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24 January 2025 | 12 replies
You cant view a lot of FL probate dosuments directly from the recorders site but you can get the key people (petitioner/decedent) then combine with the case type (summary vs formal probate admin) then look through property records to see if they own property and whether there are encumbrances.
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25 January 2025 | 12 replies
Hopefully, not an expensive tenant or Fair Housing lawsuit.100% of what @Travis Biziorek states is true, but he left out a key fact - he lived in the Detroit area when he started investing here, so was able to self-manage and meet everyone he had to hire face-to-face.
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24 January 2025 | 5 replies
Highly recommend (I require) collecting first month's rent prior to handing over keys.
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12 January 2025 | 8 replies
network network. be different. see what out there. dont be afraid to take risk and be patient
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29 January 2025 | 0 replies
Conducting inspections and due diligence on the condition of a property to derive realistic estimates for repairs is still the key.
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27 January 2025 | 13 replies
Most of the time, we resolve the situation in less than three months through cash-for-keys agreements, court mediation, or by creating enough pressure that the tenants decide to leave on thier own.We currently manage over 700+ units and flip about 20 multifamily properties a year, the majority of which have inherited tenant problems.
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29 January 2025 | 6 replies
The key is to start small, leverage creative financing, and keep reinvesting to grow your portfolio.
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6 January 2025 | 1 reply
They should be patient and attentive.