Blaise Bevilacqua
First deal (thoughts?)
27 January 2025 | 3 replies
-Management is low - you'll need at least 10% plus leasing costs - typically a month's rent for each lease-up, and sometimes a renewal fee as well-Insurance seems low-Are taxes accurate?
Michael Almand
Paying a contractor for a scope of work
28 January 2025 | 9 replies
Time and practice will still teach you as you do deals but it will help you understand what things costs for the size of the property
Gary Abrams
PM software or app, to organize for a secondary manager to take over
7 January 2025 | 3 replies
@Gary Abrams A cloud based solution would work really well in your scenario of having other family logging in and helping with management.
James R.
I really dislike Airbnb. Anyone else?
26 January 2025 | 21 replies
It did not cost me $0.01.
Lucas Kirma
College Student -> Full Time (Brand New and Eager to Learn)
29 January 2025 | 10 replies
You won't find a deal where you live for free, but if you can live in a great neighborhood at a reduced cost of living that is a nearly risk free way to get started in real estate.
Chris Mahoo
Long term rental when you are not full time real estate professional
22 January 2025 | 10 replies
You can also write off expenses such as property management, insurance, repairs, etc.
Hitanshu Shah
PM has breached contract; legal options for Out of State Investor?
15 January 2025 | 7 replies
Review their management agreement.
Hank Bank
Starting My Real Estate Journey: How Can I Leverage a Paid-Off Townhome?
24 January 2025 | 11 replies
However, before you do so you should ensure that your revenue from rental income covers ALL your property expenses in the townhome, including mortgage, taxes, insurance, maintenance/repairs, vacancy, property management, etc...
Jacob Dalton
Should Cook County be a "No Go" Zone for Single Family Rental Investment?
22 January 2025 | 12 replies
I manage almost 400 apartments in Cook County at this point.
Damon Diddit
Inheriting a problem tenant after closing
28 January 2025 | 5 replies
Ask an attorney for the cost breakdown, factor in holding costs, assume they'll do more damage on the way out and then ask for a bit more for the headache.But again, especially with no experience with evictions and it sounding like a mess, I would be very tempted to just walk if the tenant is not going to cooperate.