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30 October 2014 | 16 replies
Highlight all the strong points of the property and the deal.Mission Statement: In a few paragraphs that succinctly state your purposeBackground/Resume: Present information about yourself and your experienceFinancial Statement: List your assets, liabilities, and net worthSite Location: Include list of benefits, maps, and proximity to shopping and schoolsDemographics: Present information about the people living in the area (income, education, etc)Competitor Analysis: Determine who your competitors are and the present average rents and sales comparisonsMarketing Strategy: Define your target market (tenants, buyers, etc)Financial Analysis: Include all the relevant financial data: last two years of financial statements for the propertycurrent year-to-date profit and loss statementcurrent rent rolland pro forma operating statementsfive-year profit and loss projectionsImprovements: Define capital improvements to be made to the propertyRepositioning Plan: Cover the following items as needed Explain how you plan to operate the property Plan for replacing the property management teamPlan for developing a new marketing planPlan to implement a resident retention programPlan for changing the reputation of the propertyPlan for building a sense of communityPlan for making changes to the current resident basePlan for acquiring your target rentersPlan for resolving any current issuesGive summary of when and how the property will reach break-even, and how you plan on paying the lender/investorKey members and advisors that are part of your team: show that you're a professional that knows how to leverage the experience of others to increase your credibility property management companyattorney & title companycontractorsPurchase Agreement: Include your sales contract with the sellerKey Milestone Dates: when the due diligence period expiresthe expiration of the financing contingencyclosing dateExhibits: Include photos of the propertyaerial mapstax returnssample floor plans, and the like
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19 November 2014 | 2 replies
Check the competitors thoroughly and make sure you know what the prevailing market rents are and what amenities that includes.
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14 January 2017 | 17 replies
@Michele Fischer thanks for the words of encouragement@Joe Fairless thanks for giving me the Ms.Kurtz contact@Jen Kurtz Bill Gulley said to find a fixer upper near the campus an rent out the home at a cheaper rate than my competitors an my other option is to try an get a property near the campus with owner financing.
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27 November 2014 | 5 replies
Presumably you have an idea of rents in the area before you purchased, but check craigslist (you can even go secret shop an apartment or 2 in your price point that will be a competitor to yours).1.
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22 December 2014 | 126 replies
Competitors are London, Paris, NYC, SF, LA.Ps that example is in north SD county I know...but you get the point.
27 March 2020 | 43 replies
Never have I ever seen any other industry so ready and willing to give out so much information about how to profit from real estate to potential/ future competitors.
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26 November 2014 | 4 replies
The reason I am interested in this park, is that I have called THIS specific one, and the other competitors in a mile radius and have not gotten a lower rent quote than $450 per month, and that they have no vacancies at this time.I have no idea if the manager is stealing from the owner, or if he is hiding money, but I see that it's to my advantage.
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19 January 2015 | 22 replies
I would look at your competitors and compare.another thought the way your ad is worded as far as being available for lease, lease option and lease purchase, don't know if people are reading ads or glancing ads, some might misunderstand it to mean available for lease or for purchase...and they think you are trying to rent it and sell it.
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5 March 2015 | 34 replies
You have the potential to know more than many of your competitors!
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14 September 2019 | 9 replies
Look at your competitors and seek out a mentor within your internship.