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14 June 2024 | 17 replies
Some of the most basic information you will want to know during the tenancy are:1. periodic reports from the PM regarding inspection results, including pictures and notes2. periodic (e.g. monthly, quarterly) finance reports from PM3. lease terms of new or renewed tenantsThey should contact you about:1. major problems or concerns with the tenant or property that may warrant termination of the tenancy or non-renewal.
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15 June 2024 | 30 replies
That smacks of micro-management.But I clearly don't know the whole picture.
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14 June 2024 | 17 replies
(On both the buy/sell commissions and 6% of rent collected vs 8% on the newly purchased property.)They’ve got marketing down, they’ve got the pictures and the contacts.
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14 June 2024 | 4 replies
Building cost has almost doubled in the last 4 years taking B and definitely C markets out of the picture for new builds.
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13 June 2024 | 7 replies
A few I found some information about (mainly to stay away from them as they changed the rates/terms at the last minute), and one had a bunch of fake reviews on the BBB site, but the others I cannot find any information about as far as customer satisfaction.
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13 June 2024 | 7 replies
There's a variety of ways to get a deal in front of you (I'm mostly a flipper), but basically if it looks promising, I run custom comps queries and check the current & past $/sf of renovated/distressed product in that city or zipcode.Here's a chart on 90066 I generated from my tool under Market Stats > Sales Data > Specific Zip Code:- My above chart (more available) shows the Avg Renovated $/sf (High) over time in this Zip Code, something completely different than charts/providers based on Averages/Medians only, like every other platform (RedFin Below, https://www.redfin.com/news/data-center/):- Can't select smaller locations such as City or Zipcode for their $/sf data, so it's useless helping me underwrite/verify a deal.- Can set Zip Code for Median Sale Price data, but again it's the median/avg so it's useless helping me underwrite/verify a deal.Then if that looks decent, I'll run Sales Comps, and get a quick summary of some key metrics based on those comps.
14 June 2024 | 3 replies
Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.
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14 June 2024 | 5 replies
Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.
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13 June 2024 | 4 replies
Fintech companies may not have the same obligations or mechanisms in place to address customer grievances effectively.4.