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30 December 2024 | 5 replies
Property management is not for the faint of heart, so glad to see you're enjoying it and thriving.
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14 January 2025 | 2 replies
We share best management practices, systems & tools, and our networks.
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11 January 2025 | 12 replies
You will learn the time and effort required of managing such a unit.
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31 December 2024 | 418 replies
I knew some of the Peer Street management.
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17 January 2025 | 14 replies
I’m not going to replace toilets for that, but when the time comes and they need to be replaced I will replace with old school toilets that can manage the crappy situation.
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21 January 2025 | 21 replies
If you hire a Property Manager they can sometimes help arrange lawn and snow removal service.
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16 January 2025 | 10 replies
If you manage to get this off the ground and do some verified - meaning paperwork is in your name, or company's name, etc - projects that turn a profit, and you build some capital in a bank, you should be able to go right to that lender after a year or two and start a relationship no problem.
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14 January 2025 | 9 replies
However, consider STR seasonality, local regulations, and management demands, and ensure your equity loan and new primary residence costs fit comfortably within your budget.
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15 January 2025 | 18 replies
If you’re not using a 1031 exchange, you’ll need to account for this.Reinvestment Risk: Entering new markets and managing multiple properties may present challenges, especially if you’re unfamiliar with the areas.Alternative StrategiesBefore committing to selling, consider these options:Leverage the Equity (HELOC or Cash-Out Refinance):With a 3.1% loan, selling might not be the best first move.