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2 October 2024 | 11 replies
I find the rental application tailoring or modifying to be a lil cumbersome on the site even worse on the app.
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27 September 2024 | 3 replies
Mold inspection was never performed, as there was no concern about mold.
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30 September 2024 | 10 replies
., CoStar, Yardi) - these cost 10-20k a year and again this is not in scope or access of LPs.Verify past performance metrics (walk past assets and secret shop their staff at assets) rather than relying solely on marketing materials.Visit comparable properties physically to validate rent assumptions.
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3 October 2024 | 29 replies
@Jason Guenthersomething that has gotten overlooked / suppressed / swept aside recently is this: unless you are executing some high risk, niche strategy - a top performing STR, an insane sub to - there is no cash flow in traditional, vanilla long term rentals in the first few years.
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3 October 2024 | 23 replies
Advertise the property on Craigslist or other sites if you must.
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28 September 2024 | 14 replies
Plus it better ties investment performance throughout the organization from property porter up to CEO.To your point, there are some vertically integrated operators that charge above market fees for their internal operations.
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28 September 2024 | 8 replies
@Michael LudwigThese are both screening rules of thumb for performing analysis.
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27 September 2024 | 9 replies
The owner I know uses a local handyman service they've built a relationship with to handle one-off issues that come up and perform regular maintenance, and it sounds like you've already got cleaning locked down.
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30 September 2024 | 10 replies
Sure it can be a write off, but my question is if it is the highest and best use of your time (or the given employees time) to be running a skid steer - transporting it, storage, maintenance, cleaning, etc, and if it still makes sense if you need to hire someone to run it for you and take care of the other things.Add up all those recurring costs - maintaining the machine, maintaining the trailer, having a large enough truck to tow it, insurance and registration for all of the above, your time or your employees time related to all of the above...even at $14k a year it might be attractive enough to keep paying that and having them drop it off at the job site for you.A brand new machine could easily cost you over 6 figures - that's 7 years of rentals at $14k/year before including all the holding costs.
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29 September 2024 | 0 replies
Website traffic, time spent on site.