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26 January 2025 | 13 replies
Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.
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17 January 2025 | 19 replies
Do not rely on your subcontractors to know/perform the code correctly for your area.
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28 January 2025 | 29 replies
You can use a tool like AirDNA to get estimates of property performance in your specific market and with your typical size and configuration of home.
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3 February 2025 | 4 replies
I find the sellers want some of the upside of the future performance and the deal will not work if you do not achieve a substantial portion of it.
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19 January 2025 | 2 replies
Parking lots, truck, parking lots, RV and trailer storage, storage units.Does anyone have good information on how to perform market analysis for these kinds of investments?
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10 January 2025 | 2 replies
Does anyone have or know any resources for analyzing car washes? There are a couple of car washes in my local area that are for sale that I am interested in but do not know where to start.
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1 February 2025 | 0 replies
Here are five dangerous provisions to watch for in an Operating Agreement:Dangerous Provisions to Watch:Authority to incur debt without investor approvalPower to make loans to other entities/projectsAbility to cross-collateralize with other propertiesPermission to use investor capital for other venturesCommingling of funds across different projectsWhy These Are Potential Ponzi Indicators:• New investor funds could be used to pay existing investors• Project-to-project lending can mask poor performance• Cross-collateralization puts your investment at risk for others' failures• Commingling enables masking of financial problems• Lack of project segregation enables fraudulent schemesProtective Measures to Look For:Strict single-purpose entity requirementsProject-specific bank accountsDebt limitations and investor approval requirementsProhibited related-party lendingClear fund segregation requirementsProfessional Best Practice:Request bank statements showing separate accounts for each project.
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28 January 2025 | 6 replies
By working with a high-performing team, you can absorb as much as possible.
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4 February 2025 | 10 replies
Title companies perform detailed title searches, revealing all recorded liens and their positions, ensuring you have a clear understanding of any potential encumbrances.
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4 February 2025 | 6 replies
the company I went with was 12k and performed high quality work.