21 August 2024 | 182 replies
There have been some great studies pointing out how new home building has doubled in size from the previous post-WWII US housing boom.

15 August 2024 | 4 replies
Hi, I'm screening tenants for a single family home and the husband has no credit history but makes the bulk of the income.

15 August 2024 | 16 replies
This is my current process: 1) screen for price range/target neighborhoods, 2) Calculate rent/value to identify properties at or close to 1% rule, 3) review photos/other info to ballpark estimate post-purchase capex followed by a more detailed deal analysis, 4) request contractor inspect the property to get true capex estimate, 5) make offer if the numbers work.However, since Febrary I've only gotten to #4 once and never to #5.

15 August 2024 | 9 replies
The properties tend to have larger lot sizes and tend not to appreciate as quickly.

14 August 2024 | 4 replies
So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

15 August 2024 | 9 replies
If you want specific advice, things that would be important would be some background on the sponsor (years in business, portfolio size, you don't have to name names), where the property is (city), what it was bought for and when, how much was the loan and when does the loan mature, how much equity was raised, was there any preferred equity or multiple share classes, what is the occupancy, is the sponsor responsive to your communications and providing reports, and so on.

14 August 2024 | 12 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.

15 August 2024 | 18 replies
If your hoping for repeat guests (where they pay full rate and you don’t have to share it with Airbnb or VRBO), then provide hotel size shampoo, conditioner, body wash, small toothbrush and small tube of tooth paste.

15 August 2024 | 10 replies
Even the size of font is under the B&P laws.

14 August 2024 | 8 replies
@Kevin KiteI work with a very motivated cannabis lender who goes up to $30mm check size for retail or grow ops.