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31 October 2024 | 17 replies
We fired the first PM that PLACED her because they did a terrible job.
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31 October 2024 | 7 replies
I'm looking at the different property management platforms and wondering if there are any that people LOVE that does all the property management stuff but also does a good job tracking the financials?
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31 October 2024 | 6 replies
I would if I were you, get contractors to bid the job from licensed and non-licensed contractors.
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2 November 2024 | 8 replies
Sure- get a full time job, buy a small multifamily, live in one of the units and then repeat that process every year for the next 10 years.
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1 November 2024 | 8 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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4 November 2024 | 26 replies
I have become a serial Passive Investor; at first I like my job, now retired and I like my free time.
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2 November 2024 | 8 replies
So, I can keep my high paying job going and I can keep saving for down payments.
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1 November 2024 | 18 replies
You could have sent him to collections and this would destroy his credit, which could impact his ability to purchase a home, qualify for a car loan, and possibly even cost him his job.
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30 October 2024 | 1 reply
I have a nice hi-rise condo unit and I get tons of companies asking if I do MTRs for Visiting Nurses, Tech Professionals, etc.My place is positioned near a number of large DC Metro Hospitals, but since covid work-from-home and recent lift of Eviction Moritorium, I have had few people with jobs, but a ton of people recently evicted looking to rent my place.The one viable group - visiting nurses has been excluded because my HOA will not allow short or mid-term rentals (anything less than one year is a No-No).They claim too many transient tenants cause excessive wear and tear on the property and too many people using resources like the gym, or pool or common areas.I think that's a lot of horse waste!
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30 October 2024 | 22 replies
On top of that I love how they say keep your job and do real estate well in my eyes the best way to juggle that is with LTRs if I were to get in to the STRs I’ll just buy a Hilton and quit my job…… easier said then done.