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23 March 2024 | 12 replies
Your Network = Your Net-worth"Been watching Evernest's video's and they share a ton on "everything and anything" property management related so that's been a blessing.Biggest take away when it comes to scaling a PM is to spread the word about what you're looking at doing and to build relationships.Local real estate events, NARPM, IMN, etc...You want everyone to think of you if they are looking at selling or if they know of anyone looking at selling.I use to be "loud and proud" and a huge extrovert but I guess "old age" has got me hahaI prefer drinking coffee and smoking a cigar behind closed doors.But, I guess I'll have to start "shaking hands" and "kissing babies" like a president when it comes to networking again lolMaybe even do a few video's while not wearing any pants heheBig hat's down to Matthew Whitaker for scaling the business so much.I remember spending some time together in Birmingham when he had a decent sized operation of around 1,200 units or so.Now they are 16,000+ 👏HUGE...We initially met as I was interested in selling our property management company in Toledo and now we are looking at acquiring others heheTime flies, things change and life is funny.Thanks everyone for your contribution and wishing you much success
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22 March 2024 | 4 replies
Given the roof is likely a 25+ year life, and you are likely on a 5 yr term, you should not be paying for all 25yrs of that roof.I would also want to know age of RTU, and have limits on your costs.
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22 March 2024 | 11 replies
Rob,Welcome to investing and at your age you will have much time to do well.
22 March 2024 | 28 replies
But one of the things I learned at a very young age, was in business, always deal with professionals who have the most experience where experience is needed.
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21 March 2024 | 2 replies
This policy should outline your criteria for tenant screening, including credit checks, rental history, employment verification, and background checks.Renters Insurance: Renters insurance provides financial protection for tenants' personal belongings and liability coverage in the event of accidents or damage within the rental unit.
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22 March 2024 | 5 replies
Also, the average age of these owners is 60 years old with on average 15 years of ownership...
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21 March 2024 | 10 replies
Then they add or subtract for location, age, size, etc.
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21 March 2024 | 2 replies
Those you could see yourself when you looked at the house . put on the 5 year list .The deck , without seeing pictures is hard to tell , could be age , could be poor design , may or may not be expensive All in all that report wouldnt scare me at all , Its an older house , it will be constant maintenance .
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21 March 2024 | 16 replies
Consider alternative financing options like portfolio loans that leverage your overall investment portfolio, private money lenders who may be more flexible with income verification, or negotiating seller carry-back financing directly with the seller.
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21 March 2024 | 2 replies
You're paying for a brand new build (with high build prices) but people will associate the age/condition with the existing old/leaky structure.