
11 October 2024 | 21 replies
If all necessary notices have been properly issued, the property owner should definitely proceed with filing for eviction.
10 October 2024 | 0 replies
Always have your business cards handy and be ready to follow up on leads promptly.Work with an investor-friendly agentRather than conduct a search independently, work with an investor-friendly agent (or multiple real estate agents) who can keep their eyes open for off-market properties.

10 October 2024 | 7 replies
They provide great education on how to properly buy and manage rent property and they have a huge physical office in your backyard.

10 October 2024 | 2 replies
But looking back, I can’t help but wonder why my agent didn’t advocate to ensure the property was clear for a proper inspection.

15 October 2024 | 40 replies
Yes, it requires work to run an LLC properly.

8 October 2024 | 1 reply
Our debt include only our primary, the duplex, and credit card $3,175.91+$7,317.49+$2,000=$12,493.

16 October 2024 | 25 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

9 October 2024 | 9 replies
A secure building will appeal more to potential tenants and provide peace of mind.Energy Efficiency:Ensure the property is energy-efficient with proper insulation, energy-efficient windows, and appliances.

8 October 2024 | 3 replies
To what degree is a wild card.

8 October 2024 | 8 replies
(Trying to skimp on coverage by not telling them you're Airbnb-ing the place will defeat the purpose of insurance if they deny a claim because you weren't truthful.)There are specific STR insurance carriers like Proper Insurance, but most major carriers offer a rider for vacation rental or short-term rental insurance as well.