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27 May 2024 | 22 replies
Bottom line, lots of investors sell properties "in-house", if the investor has been around for more than a year or two and has a lot of transaction history they likely only buy the properties with easy title work and outsource the rest to title companies, so you're probably fine.
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22 May 2024 | 9 replies
Can you outsource part of it and remove that bottleneck to grow your business more efficiently?
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26 May 2024 | 102 replies
Do they control the contractors or are they outsourcing?
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20 May 2024 | 13 replies
You want to be the reference (in terms of knowledge)- Understand how to do the financial modeling of this type of asset or if you outsource, make sure that person is available when you pitch.
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22 May 2024 | 77 replies
I can usually get through 50-60 in an hour although I will be outsourcing this task soon.
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18 May 2024 | 11 replies
If your goal is to grow your portfolio and outsource all tasks, you can't go wrong with Quickbooks Online.
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18 May 2024 | 2 replies
Let's explore some effective approaches for managing investment properties:With a Property Manager:Screening and Selecting Tenants: Entrust your property manager to handle tenant screening, background checks, and selection, ensuring reliable renters for your investment.Rent Collection: Property managers can ensure timely rent collection and handle any late payments or lease violations professionally.Maintenance and Repairs: Delegate routine maintenance tasks and repairs to your property manager, who can coordinate with contractors and vendors to keep your property in top condition.Tenant Relations: Property managers serve as the primary point of contact for tenants, addressing their concerns and ensuring a positive rental experience.Lease Enforcement and Evictions: Trust your property manager to enforce lease terms and handle the eviction process if necessary, following legal procedures.Financial Management: Property managers can handle financial tasks such as budgeting, accounting, and financial reporting, providing you with regular updates on property performance.Without a Property Manager:Self-Management: Take on the responsibility of managing the property yourself, handling tasks such as advertising vacancies, screening tenants, and collecting rent.Outsourcing Specific Tasks: While not hiring a full-time property manager, consider outsourcing tasks like maintenance and repairs to trusted contractors or service providers.Utilizing Technology: Leverage property management software and online platforms to streamline processes such as rent collection, lease management, and maintenance requests.Establishing Clear Policies: Set clear policies and procedures for tenants regarding rent payments, maintenance requests, and lease terms to minimize conflicts and misunderstandings.Regular Inspections: Conduct regular inspections of the property to identify maintenance issues or lease violations early on and address them promptly.Building Relationships: Maintain open communication and positive relationships with tenants to foster a sense of community and encourage better care of the property.Whether you choose to hire a property manager or manage the property yourself, effective communication, attention to detail, and a proactive approach to property management are key to maximizing returns and maintaining the value of your investment.
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17 May 2024 | 3 replies
Is this something that will be good to outsource, like one of those Virtual employees from Phillipines?
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20 May 2024 | 121 replies
As a part of outsourcing and choosing how to allocate my time, I need to hire someone to analyze smaller self-storage.
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16 May 2024 | 11 replies
I have worked for two large MF operators and one had it in house and one did not and the one who had it in house always second guessed why they were doing it, it was costing them more than what it would cost it to outsource it, but they were stuck in their ways (and liked the "fees") they were generating even though they could have done it for less outsourcing it.