15 March 2024 | 3 replies
I am a software engineering manager, and I work fully offline, so no problems at all.
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13 March 2024 | 10 replies
Too much risk and sets bad boundaries for tenants.Many use Venmo, Zelle or just have tenants deposit at their bank (local branch).There are also several free DIY PM softwares that have rent payment built in, but they charge the tenants a fee to do so (that's how the companies make money).
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12 March 2024 | 2 replies
A buddy and I built software that helps RE pros find and close more off-market properties through real-time, custom intent signals like probates, pre-foreclosures, code violations, and eviction notices.
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13 March 2024 | 13 replies
I recently started a job working in audit after graduating college and I passed two of the four CPA exams so far.
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13 March 2024 | 10 replies
Since Innago is a free software, they do charge your tenants a fee every time they make a rent payment online to you.
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13 March 2024 | 3 replies
Do you chat through the bigger pockets software or do you have a email you can provide?
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13 March 2024 | 12 replies
Any work I need in real estate that I can't do, I outsource (accountant, lawyer, contractors, handyman, property manager (on some properties), software, brokers etc. Â
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13 March 2024 | 25 replies
I manage large portfolio properties in NYC/Michigan/Memphis/Indiana all handsoff.FYI: I am a Software developer at Ford Motor.
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13 March 2024 | 7 replies
It is amazing to me how many people will trust their hard earned money with someone that was in middle or high school during the financial crisis.Beyond this initial search:Experiencetrack recordBusiness PlanAsset typeProjected returnsFinancial StructuresRights and remedies in legal docsRedemption rightsSupplemental Capital CallsOperations capabilitiesOwner/Operator or capital raiser for othersK-1 TimingUse of bonus and accelerated depreciation1031 optionsVertically integrated or outsourcedExperience of team through multiple market cyclesBackground, if any, prior to real estate and syndicationProjected returns net or gross of fees and carrySeeing full financials of current deals with budget vs actuals (if syndicator does not share, or only shares P&L delete their contact)Color on deals that went sideways or lost money and whyMarket analysisColor on why they like that dealRisks of the deal, as they see themDo they have third party audits, ideally from one of big 4 firmsAre they a fund or single asset?
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12 March 2024 | 6 replies
I am a software engineer and have saved a decent amount of money about $60000.Â