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7 February 2025 | 7 replies
Well, those will need attention after every moveout.This is where your tenant screening comes in.
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29 January 2025 | 2 replies
We don’t know any PMCs to recommend in the Cape Coral/fort Meyers area, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
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22 February 2025 | 7 replies
Also, make sure to record every transaction clearly to avoid any issues with the IRS or legal matters.Hope this helps!
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22 February 2025 | 6 replies
Still need to screen S8 prospects though.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.
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19 February 2025 | 34 replies
You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.
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5 February 2025 | 9 replies
They 30 year track record firm may now be using social media to pitch their deals right alongside and perhaps even pursue the same transactions as the new age syndicators but the two groups are likely pursuing entirely different LP investors.
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19 February 2025 | 171 replies
Despite their track record, both these guys continue to peddle their snake oil.
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7 February 2025 | 9 replies
Strong agreements that protect your position in the deal, and recording a Memorandum of Option with the county will go a long way to protecting your interest.
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10 February 2025 | 7 replies
This sounds like a development, so you and your team should have years of experience and a track record of success before you take other peoples money.
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27 January 2025 | 15 replies
For the first townhome, we are in the renovation process and looking to screen our first tenants.