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23 February 2025 | 5 replies
Barbershop and churches are pretty recession proof.
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26 February 2025 | 3 replies
There are meet ups all over the country; i'd recommend a google search of your area to see what pops up. i'd also suggest joining local facebook groups for your area / surrounding areas and ask there.I tend to agree with Stuart here; your first deal should be your own capital here and serve as a proof of concept you can use as an example in moving forward to try and garner money from investors for future deals.Other than bringing a deal to an experienced investor it's unlikely they will want to give capital to someone who hasn't pulled the trigger before.
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26 February 2025 | 5 replies
This also gives tenant proof the their rent has been paid.
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27 February 2025 | 9 replies
Its a boom bust cycle there at least from my personal experience.
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14 February 2025 | 3 replies
I think the cycle is now back to door knocking, direct mail, and bandit signs.
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26 February 2025 | 13 replies
Management & Leasing FeesManagement Fee: 10% of the monthly rent = $180/monthLeasing Fee (Tenant Placement): 60% of one month’s rent = $1,080 (one-time)Lease Renewal Fee: $250 per lease renewalUpfront & Annual FeesOnboarding Fee: $350 (one-time for setting up the property)Annual Administrative Fee: $45 per year (for statements and 1099s)Reserve Fund Requirement: $300 (held for maintenance and expenses)Maintenance & RepairsOrdinary Maintenance: Any repair costs exceeding $300 require owner approval.Emergency Repairs: Up to $300 without prior approval; HVAC, plumbing, and electrical repairs can go up to $500 without approval.Home Warranty Claim Handling: $40 per claim (if applicable).Multiple Quotes Request Fee: $100 per request if you require multiple vendor quotes.HVAC Filter Supply Fee: $195 per year per HVAC unit.Repairs & Improvements: 10% markup over vendor invoice cost.Additional FeesInterest on Unpaid Sums: 10% late fee with a $39 minimum per month.Paper Check Administrative Fee: $20 per check if not using direct deposit.Insurance Documentation Penalty: $40 per month if proof of insurance is not provided.Eviction Protection Program (Optional): $15/monthProperty Damage Protection Program (Optional): $25/monthTermination FeesEarly Termination Fee: Equal to the management fees for the remaining lease term.Vacant Property Termination Fee: $500 if no tenant is in place.Transfer to Another Manager: $500 file transfer fee.
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12 February 2025 | 2 replies
That’s why I’m here.I’ve been through different cycles in the industry, from booming markets to downturns, and I’ve always been fascinated by how investors and professionals adapt and find success in any environment.
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11 February 2025 | 0 replies
As all the investors know, the Killeen rental market depends heavily on the military PCS cycle and I'm curious if their is anything else impacting the rental market there?
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27 February 2025 | 5 replies
True-Up & Billing Cycle ChangeSince you were underbilled before, your current bills may reflect actual usage rather than an artificially low estimate.The switch from bi-monthly to monthly billing means your payments are more frequent, making the cost feel higher even if the overall rate hasn’t changed.2.
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21 February 2025 | 1 reply
Buying as a vacation rental could potentially qualify for a lower interest rate, but you’ll likely need to provide proof of personal use (even if minimal).