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31 October 2024 | 2 replies
Ask both sanborn what scope of work they did, how long the job took, why they think the client chose them, and what they think the client would say could have been better.
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31 October 2024 | 17 replies
Your job is at the absolute bottom of their priority list...probably not even on their list.
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31 October 2024 | 17 replies
And if they like electricity then their dream came true!
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1 November 2024 | 13 replies
I have moved away from my W2 job and living off of investment income (rental + stock portfolio).
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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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29 October 2024 | 33 replies
Re-invest with more of a reserve in a better market, and understand you may not have the quantity or "doors" you are dreaming on your vision board.
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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.