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4 January 2025 | 11 replies
Know this: the #1 reason why landlords fail - failure to manage to the lease (source: American Apartment Owners' Assn).
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16 December 2024 | 7 replies
I have also purchased resid. and comm. properties where the landlording/property management was really poor.
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29 December 2024 | 0 replies
Purchase price: $2,800,000 Cash invested: $560,000 The property is a three-story multi-family residential building with six independent units, initially facing significant challenges due to poor conditions.Renovation Investment Summary:- **Structural Repairs:** $250,000- **Kitchen Modernization:** $100,000- **Bathroom Updates:** $50,000- **Exterior Improvements:** $100,000- **Holding Costs:** $50,000- **Property Taxes:** $30,000- **Insurance Costs:** $10,000- **Management Services:** $10,000
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27 December 2024 | 22 replies
Do you self-manage?
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27 December 2024 | 2 replies
The project was managed by one of my property managers for a 10% fee.Leasing and Property ManagementWith renovations complete, the property was ready to be leased.
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24 December 2024 | 23 replies
Multifamily is the most common one, but some groups also do self-storage facilities, student housing, commercial properties, and others.3.
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1 January 2025 | 5 replies
Ensure you thoroughly evaluate the lease terms and have a strategy to manage potential delays in finding a buyer.Best regards, Stevan
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31 December 2024 | 22 replies
And I seriously doubt any non profits are money laundering, but then again neither is Joe the Barber LLC or Betty's Property Management LLC (which, especially if they are Single Member LLC's--which flow to the 1040 without any tax return for the entity--are already identified to the government computers at the IRS.If you want to swim with the big fish you have to get wet.Maybe the resident agents will offer to fill this out as a service for $50 to $100 (???)
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26 December 2024 | 8 replies
So you have to have a great property and manage it well.
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26 December 2024 | 4 replies
@Nate LaBlancesome PMs would probably be willing to do one-time showings, screenings, and placement for a month's rent, and then turn management back over to you.