
19 July 2024 | 5 replies
I self-managed my properties for years, and it can be difficult, but after being burnt several times, my attorney reminded me of the old adage, "No good deed goes unpunished."

19 July 2024 | 16 replies
@Rebekah Bloom would you self manage remotely?

19 July 2024 | 100 replies
Which seems odd to me that a self-professed "lawyer" would lean so heavily on assumption vs facts.

20 July 2024 | 59 replies
If the cost of that plane doesn't generate its own self sustaining income, then they get rid of the plane.

18 July 2024 | 1 reply
At first, we talked about Airbnbs (especially their profitability at the time) and self-storage units.

18 July 2024 | 2 replies
Options may include traditional mortgages, private lenders, partnerships, or even self-directed IRAs.Calculate all potential costs including property acquisition, renovations, property management fees, taxes, and maintenance.Property Selection and Due Diligence:Use your local team to scout properties that match your investment criteria.Conduct thorough due diligence including property inspections, financial analysis, and reviewing rent comparables (rental rates in the area).Make Offers and Negotiate:Submit offers based on your research and due diligence.Negotiate terms that are favorable to your investment goals, taking into account potential repairs or improvements needed.Close the Deal:Once your offer is accepted, work with your local team to complete all necessary paperwork and close the transaction.Ensure all legal aspects are handled properly, including title searches and property inspections.Manage Property Remotely:Hire a reputable property management company to handle day-to-day operations such as tenant screenings, rent collection, maintenance, and emergency repairs.Establish clear communication channels and expectations with your property manager.Monitor and Adjust:Regularly review your investment performance and financial metrics (cash flow, occupancy rates, expenses).Stay informed about market trends and adjust your strategy as needed to optimize returns or mitigate risks.Long-Term Strategy and Growth:Evaluate opportunities for portfolio expansion or diversification in the same or different markets.Continuously educate yourself on real estate investing best practices and market dynamics to make informed decisions.By following these steps diligently and leveraging local expertise, you can effectively navigate the complexities of out-of-state real estate investing and build a successful portfolio over time.

19 July 2024 | 25 replies
I currently use TenantCloud, which I think works pretty well for self-managing DIY landlords, but it's not meeting the needs of my property management anymore (I manage close to 70 units).

15 July 2024 | 6 replies
This is my first property and I would love to self-manage.

19 July 2024 | 12 replies
If you don't know all the ins and outs of self-managing.

20 July 2024 | 22 replies
I am not really familiar with the area since I have never been to Ohio my self.