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6 May 2024 | 10 replies
@Kirk Garner here's our standard copy & paste food for thought:).Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.
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6 May 2024 | 30 replies
If this is an older asset that has meat on the bone, the above item are completely acceptable and frankly not that expensive to fix.
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6 May 2024 | 2 replies
The Summary page was reserved for 4-5 major issues like damaged trusses, anything leaking, undersized electrical panel, water under the house, etc....y'know, big and important stuff.So this joker has 5 pages of summary items...everything from loose doorknobs to a loose tile.
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6 May 2024 | 6 replies
I just now received a message that the tenant is requesting for me to pay for some of her items that were damaged.
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5 May 2024 | 3 replies
I would just put a few more snap traps around, seal the holes to the exterior that the mice are using to get in and out (sprayfoam is your friend for this), and make sure the tenants remove any food or trash, water, whatever is attracting them.
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6 May 2024 | 8 replies
My property management has been good about day-to-day items like appliances and turn overs, but poor at comprehensive solve like exterior leaks and only one individual has been good at communicating with tenants.
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6 May 2024 | 6 replies
A 200lb professional athlete is going to be more fit than an 200lb desk worker that eats fast food every meal.
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5 May 2024 | 6 replies
By identifying and classifying the various components of a property, it may be possible to accelerate the depreciation of certain items and potentially reduce your tax liability.It is important to note that the rules around cost segregation and depreciation can be complex, and it may be beneficial to work with a qualified tax professional to determine the best approach for your specific situation.
6 May 2024 | 11 replies
Mold requires water and a food source (dust is sufficient), so it's important to find the source of water and stop it.
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6 May 2024 | 16 replies
Ping me if you come to Greenville again, happy to get together for some food and drink.