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Results (10,000+)
Marcus Auerbach Newbies: investing is not rocket science - don't let the gurus tell you otherwise
11 June 2024 | 116 replies
I was like - I am not selling anything I just want to provide some education for free.Response: no thanks we only bring on people who have something to sell and give us a kickbackOne was up I think in New England where the guy was a complete POS and that was confirmed based on reviews
Christopher Stevens ChatGPT can calculate ROI and cash flow
5 June 2024 | 14 replies
Maybe it would be easier for the software if it used monthly interest instead of mortgage payment in the calculation?
Sandeep Shukla Long distance property management
5 June 2024 | 8 replies
Should I hire a local PM company for the short term to make the transition and then after 6-9 months move the PM software?
Jatinder Saini Anyone has experience with Partner Driven Real Estate Company ??
5 June 2024 | 9 replies
They offer their support by coaching, software for finding/tracking deals(off-market -pre-auction houses), and team support while making deals, also do financing of 100% of deals and split the profit  50/50. 
Cody Gray Recommend Batchleads.io OR something better?
5 June 2024 | 21 replies
I was not happy with the offering so I made a change back to propstream and they refuse to cancel my membership after 3 calls, 10 emails, so be careful there as I have become like a hostage to use the software
Nathan Letourneau Wisconsin home sale before auction
5 June 2024 | 2 replies
If it is not that date, then for sure it would be before the Court confirms the auction sale (that is usually very quick after like a day or two.)  
Jeffrey Albaum Do you use software to track property rehabs?
3 June 2024 | 0 replies
I have a Google Sheet that I'm using to track different elements of the project but I'm wondering if folks have success using other software that they can share with me?
Chris Marette Cash Out Refi Lower Than Expected
6 June 2024 | 23 replies
Your lender may be different and I would confirm how they will handle, since they already have one appraisal in hand.If you do go second appraisal, I would be sure to supply both the appraiser AND the lender a copy of your current lease.  
Scott Trench Good Fees Vs Bad Fees For Property Managers
5 June 2024 | 10 replies
It's interesting that many of these VC-backed PMC's, despite having 10k+ properties under management, aren't doing well financially - one of them just merged with another industry-related company also not doing well.Just for fun, here's a partial list of PMC expenses that owners pretend don't exist:Office rentComputers, printers & softwareInternet & phone billOffice furnitureOffice supplies: paper, postage, ink, etc.Office liability insuranceAuto expenses: monthly payment, insurance, gas, maintenance, registration/plate feesBroker license fees: annual, monthly board & MLS fees, continuing education fees, E&O insuranceEquipment: lockboxes, signs, etc.Business income tax preparation and paymentsStaff payroll & payroll taxes Time Tasks: answering phones, calling past due tenants, scheduling tours, taking marketing pics, processing those pics, writing ads, researching rent amounts, posting ads, explaining to owners how rent determined & showing where ad posted, opening & processing mail, posting payments, bank deposits, scanning documents & posting to owner & tenant portals, explaining accounting to owners so they understand their monthly statements, taking pics/videos of repairs, finding reputable handymen and contractors, confirming they're properly licensed & insured and tracking annually, verifying repairs done properly, processing invoices for utility bills, repairs, taxes, city inspections, scheduling periodic property evaluations/inspections with tenants that don't want strangers in their homes, explaining to owners why something is taking so long, and more & more & more...OBSERVATION: many owners only want to pay a flat fee or 50% of a month of rent as a leasing fee - without realizing the repercussions. 
Diana D. Need Advice: HOA & Insurance Challenges with My First Investment Property
5 June 2024 | 2 replies
My agent assured me that she would confirm with the HOA.After an hour, she informed me that the HOA allowed monthly rentals.She also mentioned that the HOA documents would only be provided on the closing day.However, on the closing day, I received a letter from the HOA stating that I could only rent the property twice per year.I agree this has been a very expensive lesson.