
29 October 2024 | 131 replies
But at the end of the masterclass they asked me to join their mentorship which was 20k in 2023 so I declined.

4 November 2024 | 13 replies
Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.

26 October 2024 | 1 reply
At first Detroits decline was in very small increments.

31 October 2024 | 10 replies
Taking the market rents, accounting for a 10% vacancy, the debt service, PM fees and everything else, it seems like I should be able to cash flow about $600 for the 4 doors combined.

1 November 2024 | 10 replies
80 LTV should be doable as long as it's debt servicing.

31 October 2024 | 10 replies
As a Stessa Pro member, I rely heavily on its features to manage my properties, and while sending over the tax package reports works well (since the Income Statement and Balance Sheet are standard for most accountants), my bigger challenge has been finding a real estate-savvy CPA who doesn’t charge more than my annual cash flow for their services!

30 October 2024 | 35 replies
It goes deeper than that.NYC Liberal policies, including strong tenant protections, increases the risk of failure so much that the risk far outweighs the rewards.Financial ruin is just around the corner for the small Mom and Pop Property Investor that it doesn't make sense for them.The Tenants will have free Attorneys that are bent on delaying eviction cases so long that it stretches into years while Mom and Pop suffer from lack of rental income and still have to pay all the bills and do the management.Additionally, the increase in homeless living rough in the streets due to Sanctuary laws causing a lack of shelter beds, then evicting shelter residents after 30 days creating more homelessness, policies that tie up the Police's ability to arrest perpetrators, etc. only causes Mom and Pop to sell out at large discounts to larger Landlords who are capable to use Economies of Scale to eek out a profit.These larger Landlords will eventually turn a much higher profit as the pendulum will eventually swing towards the middle when the NYC Voting population eventually realizes that it's not a conspiracy of the Rich that's causing the Wealth Gap to increase.It's the same liberal laws that encourage people to become lifelong tenants, small Entrepreneurs (including Property Owners and small Mom and Pop Businesses) to be destroyed, and Rents to rise astronomically as housing becomes scarer even when the population declines by as much as 7% in the last several years.
1 November 2024 | 11 replies
Quote from @Ran Fridman: Hi, I'm Ran Fridman, I am a Property Manager in Indiana, Wisconsin and Illinois, for many successful years of servicing Happy Landlords and Tenants.

29 October 2024 | 13 replies
I know one property manager nearby who charges $30/month for such a service.

30 October 2024 | 16 replies
Their product was deemed an essential service and the preferred return would be cumulative.