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Results (10,000+)
Hogan Underhill Landlord Insurance vs homeowners insurance vs LLC
18 July 2024 | 3 replies
So, if you don't mind losing everything the LLC owns, sure, save the cost of insurance.I'm assuming you've been managing your LLC properly.  
Brooke Roundy Tenant marijuana smoking nuisance
19 July 2024 | 19 replies
Any cigarette butts from smoking outside by you or your guests must be picked up and properly disposed of.
Dax Smith First attempt at JV flip need feedback
18 July 2024 | 4 replies
Renovation PlanScope of Work:Convert 0.5 Bath to Full BathEstimated Cost: $7,500Details: Add shower or bathtub, update fixtures, ensure proper plumbing.Add Bedroom in BasementEstimated Cost: $15,000Details: Install egress window, insulate, add walls, flooring, and electrical work.Replace DeckEstimated Cost: $3,000Details: Replace existing 8'x10' deck with new one.General UpdatesEstimated Cost: $45,000Details: Update kitchen, bathrooms, flooring, paint, fixtures, and necessary repairs.Total Renovation Costs: $70,5004.
Derek Gardner Seeking help - started 1031 exchange now want to hire consultant / QI
18 July 2024 | 4 replies
And whether notices of the assignment were posted properly.  
Naseema Subrati Looking to Start Investing in Ohio or PA.
17 July 2024 | 32 replies
Columbus is rapidly developing from large tech companies expanding their business in the area, most notably is Intel investing $20 billion to build chip manufacturing plants, which is projected to create thousands of new jobs.
Aaron Wilkins Best way to become landlord without an LLC
18 July 2024 | 7 replies
Speak with someone who knows what they are doing to properly protect your assets. 
Jarrett Harris Start Eviction Process or take Tenant's word
21 July 2024 | 54 replies
I had a family who were schemers-always had stories and getting different charities to pay their rent and I was just tired of dealing with them so I gave them the proper notice at the end of their lease and in that notice I included the move out procedure and a reminder that they would owe $1600/month rent if they were still there on the 1st per section X of the lease they signed.
Nina V. Property Management Recommendations
19 July 2024 | 7 replies
Take ownership of your mistake and learn to do the proper due diligence recommended above😊
Taylor Robertson How to finance 2nd oroperty
18 July 2024 | 7 replies
If you can buy it cash, I would do that and then make the proper upgrades.
Grant Stepanic 10 Steps To Take For Out Of State Investing
18 July 2024 | 2 replies
Options may include traditional mortgages, private lenders, partnerships, or even self-directed IRAs.Calculate all potential costs including property acquisition, renovations, property management fees, taxes, and maintenance.Property Selection and Due Diligence:Use your local team to scout properties that match your investment criteria.Conduct thorough due diligence including property inspections, financial analysis, and reviewing rent comparables (rental rates in the area).Make Offers and Negotiate:Submit offers based on your research and due diligence.Negotiate terms that are favorable to your investment goals, taking into account potential repairs or improvements needed.Close the Deal:Once your offer is accepted, work with your local team to complete all necessary paperwork and close the transaction.Ensure all legal aspects are handled properly, including title searches and property inspections.Manage Property Remotely:Hire a reputable property management company to handle day-to-day operations such as tenant screenings, rent collection, maintenance, and emergency repairs.Establish clear communication channels and expectations with your property manager.Monitor and Adjust:Regularly review your investment performance and financial metrics (cash flow, occupancy rates, expenses).Stay informed about market trends and adjust your strategy as needed to optimize returns or mitigate risks.Long-Term Strategy and Growth:Evaluate opportunities for portfolio expansion or diversification in the same or different markets.Continuously educate yourself on real estate investing best practices and market dynamics to make informed decisions.By following these steps diligently and leveraging local expertise, you can effectively navigate the complexities of out-of-state real estate investing and build a successful portfolio over time.