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5 June 2024 | 12 replies
(Sorry if this offends people)People try all this fancy stuff for anonymity and then sign a mortgage with the LLC and guess who signs it - you….Let’s spend all this $ to hide myself and you don’t realize the process or that your info is public
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4 June 2024 | 3 replies
It made me realize there's probably other forms or steps I need to take when accepting applications and signing a new lease.
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4 June 2024 | 42 replies
Quote from @Kevin Patridge Hemphill: In hindsight, my previous post was rushed… I did not have enough time to go through the training, coaching or support offered.After completing the training - twice - I now realize the value of the program and how it can help investors acquire deals from the MLS in a systematic manner.
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4 June 2024 | 10 replies
Your waiter brings you a check for $200 that includes:- $50 for appetizers- $100 for main courses- $50 for drinksThen she realizes - oops, sorry, I did not include part of your order, let me bring you a revised check.
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3 June 2024 | 8 replies
I didn't realize that Milwaukee was so affordable!
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6 June 2024 | 39 replies
One of my listings was on Instant Booking and I didn't realize.
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5 June 2024 | 10 replies
It's interesting that many of these VC-backed PMC's, despite having 10k+ properties under management, aren't doing well financially - one of them just merged with another industry-related company also not doing well.Just for fun, here's a partial list of PMC expenses that owners pretend don't exist:Office rentComputers, printers & softwareInternet & phone billOffice furnitureOffice supplies: paper, postage, ink, etc.Office liability insuranceAuto expenses: monthly payment, insurance, gas, maintenance, registration/plate feesBroker license fees: annual, monthly board & MLS fees, continuing education fees, E&O insuranceEquipment: lockboxes, signs, etc.Business income tax preparation and paymentsStaff payroll & payroll taxes Time Tasks: answering phones, calling past due tenants, scheduling tours, taking marketing pics, processing those pics, writing ads, researching rent amounts, posting ads, explaining to owners how rent determined & showing where ad posted, opening & processing mail, posting payments, bank deposits, scanning documents & posting to owner & tenant portals, explaining accounting to owners so they understand their monthly statements, taking pics/videos of repairs, finding reputable handymen and contractors, confirming they're properly licensed & insured and tracking annually, verifying repairs done properly, processing invoices for utility bills, repairs, taxes, city inspections, scheduling periodic property evaluations/inspections with tenants that don't want strangers in their homes, explaining to owners why something is taking so long, and more & more & more...OBSERVATION: many owners only want to pay a flat fee or 50% of a month of rent as a leasing fee - without realizing the repercussions.
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3 June 2024 | 20 replies
Thank you @Darius Ogloza, I realize that factoring risk into the profit split is a bit subjective.
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4 June 2024 | 23 replies
@Bobby ValcinI have come to the realization that new appliances are the only way to go.
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2 June 2024 | 26 replies
But 99% of folks here strictly look at numbers and never realize why numbers fit even in such financial environments.There's moderate demand for rentals, no reason to pause or concern yourself on why it's vacant.