
3 June 2024 | 4 replies
Fees should be clearly stated in writing, easy to understand, and justifiable.

6 June 2024 | 57 replies
Then I ended up writing a book on multifamily investing, and told my wife I was in apartments for life (she was tired of all the restarts over the years!).

4 June 2024 | 8 replies
Hanging a large picture or something at the head of the bed usually looks nice.Additional Bedrooms:Any additional bedrooms, I stage either as an office with a writing desk and computer chair, a workout room (yoga mat and pretty exercise accessories), or a nursery with a neutral white or wood toddler bed and a changing table.

4 June 2024 | 221 replies
It’s tough finding people who know how to write these policies well.

4 June 2024 | 28 replies
That is the best option or simply ask your neighbour (and get it in writing) that you can put the fence in the same location.

5 June 2024 | 10 replies
It's interesting that many of these VC-backed PMC's, despite having 10k+ properties under management, aren't doing well financially - one of them just merged with another industry-related company also not doing well.Just for fun, here's a partial list of PMC expenses that owners pretend don't exist:Office rentComputers, printers & softwareInternet & phone billOffice furnitureOffice supplies: paper, postage, ink, etc.Office liability insuranceAuto expenses: monthly payment, insurance, gas, maintenance, registration/plate feesBroker license fees: annual, monthly board & MLS fees, continuing education fees, E&O insuranceEquipment: lockboxes, signs, etc.Business income tax preparation and paymentsStaff payroll & payroll taxes Time Tasks: answering phones, calling past due tenants, scheduling tours, taking marketing pics, processing those pics, writing ads, researching rent amounts, posting ads, explaining to owners how rent determined & showing where ad posted, opening & processing mail, posting payments, bank deposits, scanning documents & posting to owner & tenant portals, explaining accounting to owners so they understand their monthly statements, taking pics/videos of repairs, finding reputable handymen and contractors, confirming they're properly licensed & insured and tracking annually, verifying repairs done properly, processing invoices for utility bills, repairs, taxes, city inspections, scheduling periodic property evaluations/inspections with tenants that don't want strangers in their homes, explaining to owners why something is taking so long, and more & more & more...OBSERVATION: many owners only want to pay a flat fee or 50% of a month of rent as a leasing fee - without realizing the repercussions.

5 June 2024 | 274 replies
Now it's just easier to track the homes of interest and write down any changes from the original listing.

3 June 2024 | 0 replies
If so then folks could sell real estate, book profits based on the value of the Gold, but log a transaction that was technically a loss (tax write off) based on the face value of the legal tender.

3 June 2024 | 7 replies
The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

3 June 2024 | 3 replies
The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!