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18 January 2025 | 11 replies
To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!
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15 January 2025 | 7 replies
Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!
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19 January 2025 | 51 replies
As the property manager, it concerns me that the software does not allow me to select message timing and verify content of communications that are sent directly to MY tenants.
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28 January 2025 | 20 replies
Bigger Pockets is a great place to find a real estate tax accountant.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
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22 January 2025 | 12 replies
As for selective screening alone, even a property manager told me “even doctors sometimes stop paying”.
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24 January 2025 | 10 replies
The 1031 exchange is very locked in on dates and properties you select so have a great agent who knows the 1031 exchange.
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16 January 2025 | 9 replies
To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!
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11 January 2025 | 13 replies
If your current lender can’t accommodate you, explore STR-focused lenders like Host Financial or Lima One Capital, or consider bridge loans to buy time while you build your rental history.
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24 January 2025 | 12 replies
When you can access the opportunities first, you get to analyse and find the best deals first which means you have the broadest selection with minimum/to no pushback from the lead.Unfortunately using PS guarantees you will not be at the front of the queue and certainly not first mover.
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29 January 2025 | 22 replies
@Emily Shin landlord experience is invaluable for a career in rental real estate.It's not something you may want to do long term, but the experience can help you select and manage PMCs.