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5 August 2024 | 17 replies
6 generations of Fosters would be hunting me down :).
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9 August 2024 | 184 replies
The listings were not found on the MLS, and I think i had to basically call and 800 number to coordinate the showing which was slightly interesting since they didn't / couldn't have MLS lockboxes (in NJ we have electronic/satellite tracked boxes).So, Redfin still believes that their "national call center of salary agents" with "pay the showings local agents" is better, not sure in what sense (probably for THEIR profit margins), than the current system.This continued trend to non-person-to-person transaction system might appeal to the younger generations, but I think they will find it lacking if given the chance.
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3 August 2024 | 10 replies
Current systems and tools:- Assistant to manage payments, invoices, ensure rents come in and chat with tenants for issues- Melio for vendor payments- Baselane for banking - separate accounts for each rental and deposit- Google sheets for Income and Expense reporting- Azibo for rent collection automation with late fee automations- Drive for my leases, SOPs, and documentations of tenants move in/move outGoals of improved system: ensure I have a read out of how each property is preforming month over month, check on big expense items, ensure vendors get paid, mortgages get paid and rent is coming in, generate APY on float and savings for any big CapEx that comes up, and make my life easier come tax season.Is there a single software people use or what do you do for your business systems to optimize all of this?
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29 July 2024 | 3 replies
We are doing fresh primer and paint and removing any carpet.I see cheap ozone generators on Amazon - give or take $100.
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1 August 2024 | 6 replies
The Investment I’m looking at is a 3 bed 1 bath and has a really nice already running Airbnb 1bed/1bath guest suite that generates an average of $1500/Month.
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2 August 2024 | 4 replies
Our market in Sarasota FL I have found direct mail letters to work pretty well and we are a large retirement community, the retirement community responds better to snail mail than millennial and gen-z generation for sure.
2 August 2024 | 15 replies
If you want to generate wealth over time, then it is a good thing to do.If you want to generate money for flight school I would look into doing resale on ebay or something similar
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2 August 2024 | 15 replies
We actually just reached a point that we have 6 months of mortgage payments set to the side and generating a little bit of interest in case of vacancy when we first move.
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2 August 2024 | 3 replies
If you're in an area with mainly young families or maybe an older generation who just want to live by themselves and not be bothered with people living in the same structure as them, then the home is probably less valuable.One thing I do with some of my investments is to convert it in a way that is easy to be removed.
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1 August 2024 | 4 replies
My ultimate goal is to generate $11K per month in passive income and I believe I can do that by purchasing 3 more single family homes in my area and paying off the entire portfolio.