Communication has been a major issue, and I'm finding it difficult to get timely updates or clear answers from them.Given these challenges, I am losing faith in their ability to manage the property effectively and am seriously considering switching to a new property manager.Has anyone experienced similar issues?

I recognize my poor handling of abatement contractor resulted in virtually no progress when COVID lockdowns went into effect.  

We believe that the collective knowledge and insights from this community can be invaluable in helping us navigate the complexities and opportunities in this field.We are particularly interested in:Understanding the key challenges and best practices in new construction projectsLearning about effective project management strategiesInsights on securing financing and managing budgetsTips on choosing the right locations and marketsExperiences with regulatory and zoning issuesNetworking with potential collaborators, contractors, and service providersIf you have experience in new construction or are currently involved in such projects, we would love to hear from you.

However, I’m sure Nubbs Nobb would have some effect!

buying now with a $100K reduction in a buyer's market, the real estate market is dynamic, and staying flexible with options like refinancing can help you navigate changes effectively.

Exploring platforms of other private lenders could provide more flexible and potentially cost-effective alternatives.

This deal showcased our effective renovation strategy and commitment to delivering profitable outcomes.

This deal showcased our effective renovation strategy and commitment to delivering profitable outcomes.

Another route to go is a ‘conditional lien waiver’, which goes into effect only once the invoice is paid.

Manage the Property: If renting, manage it effectively and maintain communication with the seller.Advice and Tips:- Educate Yourself: Understand legal and financial implications.- Build Trust: Establish rapport with the seller for ongoing communication.- Be Clear: Define all terms clearly in the agreement.Mistakes to Avoid:- Incomplete Due Diligence: Conduct thorough inspections and financial analysis.- Unclear Documentation: Ensure agreements are well-drafted to prevent misunderstandings.- Market Trends: Consider future market impacts on property value and income potential.