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1 August 2024 | 71 replies
If Jesus came back and got into rentals NO, N-O-B-O-D-Y get's admin access into our system. 2) They want a standardized list for maintenance items so they know in advance what repairs would cost.Being a PMc I'd invite them to acquire any of the readily available construction estimating tools/software out there such as RSMeans, but would not take on such a task as building and maintaining such a database, honestly for any $, it's simply not what we do. 3) They want a copy of all invoices from contractors to us so they can verify we are not marking up more than promised.A-ok. 4) They want to be able to talk to our contractors before work is done (each time) so they can talk contractors down in price themselves.I'd be fine with this as long as they sign a waiver that they own any/all negative impacts that result from such including extended vacancy periods, vendor refusals of service necessitating there own self-search to secure amicable vendor etc etc.. 5) They mentioned that they pay around $300 for full paint in a 2-bedroom unit.... we do not have a contractor that will touch a full paint on a 2 bedroom for $300LMAO!
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28 July 2024 | 6 replies
However, as an agent and investor, we understand an accept that our payout comes with time- however for a project manager realistically looking for a 1099, being paid at the time of work is key to making sure you have the right person on your team.Is there realistically a way that you can create your projections of net profit on a project (in a scale format from X$ to Y$) and find a happy medium in there of expected net profit, and carve out your PM budget there?
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29 July 2024 | 3 replies
It's pretty easy to tell a seller - "Listen, we really want the house - but at your current terms - the house is losing $200 a month after paying all the bills - we either need the price to be X or the interest rate to be Y for this to be a workable deal."
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27 July 2024 | 16 replies
She is getting a 1.46 multiple over 4 years , so 1.46 X to the Y 0.25 equals 10% compounded annual return, which should be totally covered by depreciation so that's an effective yield of 16% if in top bracket.
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24 July 2024 | 10 replies
It’s a course that Cam Cathcart runs that I’ve been pondering taking.
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25 July 2024 | 8 replies
Saw them on my security cam poking around, turning on outside faucets, and checking the street meter.
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24 July 2024 | 5 replies
@Paul De Luca & @Cam Schwartz!
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26 July 2024 | 14 replies
What I mean here is that if you know someone in a "City X"...but that city may not have as good as numbers as "City Y"...then stick with "City X"...the city where you know people.
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22 July 2024 | 3 replies
Raul, un placer soy agente en San Antonio y tengo propiedades off-market, también tenemos varios lenders y contratistas que sirven de referencia.