Casey Adams
Refinance Struggles/Question on my first BRRRR
7 June 2024 | 21 replies
@Casey Adams @Clint Jusino There’s a few programs that I utilize routinely for my clients on the 90-day BRRRR refinance for 75-80% LTV.
Courtney Barnes
Kissimmee/ Davenport Vacation Short Term Rental to Retirement house
7 June 2024 | 14 replies
I do a lot of repairs and maintenance myself when I come down in the winter and during the quarters I make the trip, but here's just a sample of things I had to pay for in the last year:Pool screening: $985 (big hailstorm destroyed 13 screens)Irrigation repair: $394Irrigation repair #2: $230Palm trimming (twice: $200Pool light replacement: $950And all of that of course leaves out routine replacement of towels that get left at theme parks, sheets and pillowcases, busted blenders, and a host of other things I can't even think of right now.
Sandeep Shukla
Long distance property management
5 June 2024 | 8 replies
"Short term" is higher maintenance, of course, and requires "boots on the ground" on a routine basis.
Nick Allen
Tips for processes and software for minimizing work involved in self-managing rentals
5 June 2024 | 3 replies
Things I've got down to minimal effort or fully automated: * Rent, security deposit, and fee collection* Basic accounting and tax packet creation* Listing vacancies* Lease signing* Applications, credit, and background checksThings I'm still dealing with directly ad-hoc or don't have a well defined process or solution in place for:* Requests and communication with tenants* Finding and coordinating service providers for maintenance and repair work* Scheduling showings and getting prospective tenants to make their appointments* Tenant turnover for move in and out* Keeping up with legal changes and lease template updates* Setting rent amounts* Lease enforcement - tenants are responsible for things like yardwork, routinely get letters from the city about weeds / tall grass, etc.Questions for the group:* What am I missing if I were to make out a checklist of an "automated property"?
Alex Romeo
Family member doing maintenance and insurance. License and Insurance Coverage.
5 June 2024 | 0 replies
My understanding is that in Florida I do not need to hire licensed contractors to do regular routine maintenance (replace lamps, toilets, tiles, etc), is this true?
James Wise
Yo! Out of State Investors! Stop doing this. We are laughing at you.
6 June 2024 | 71 replies
I have been a painter for more than 40 years and I can routinely repaint apartment turnovers for less than $1000.00 per unit.
Brett Dudley
Advice on selling or continuing to rent
1 June 2024 | 6 replies
Which then raises eyebrows and you could end up doing the repairs yourself before sale, getting a lesser deal, or be stuck with it and doing the repairs yourself.I've had offers at 100k over ask be rejected for 30k over with no inspection.
Elizabeth R Matthews
1031 Exchange in Virginia
1 June 2024 | 7 replies
Our company routinely sets up 1031 exchanges on 24 hours' notice or less (it's not ideal, but it happens!).
Gordon Vaughn
The Best Kept Secret For Bidding On HUD Homes
5 June 2024 | 274 replies
That killed (along with the recovered market) my company's program, but probably saved billions in US tax dollars since people routinely overpay for housing product.