
6 June 2024 | 3 replies
Keep track of the expenses.

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.

7 June 2024 | 24 replies
I know I need accountability, help, guidance to be on track.

3 June 2024 | 2 replies
Looking for experienced investor-agents who have done more deals than us, and have a proven track record for investing.

5 June 2024 | 3 replies
.- Continual market analysis to keep your prices neither too high or too low- For software, you'll need a PMS, some system for tracking operations tasks (we use Breezeway), communications tools for internal and external (we use Slack and OpenPhone, respectively)- The decision to self manage or outsource is a very personal one.

5 June 2024 | 8 replies
But if you decide to self-manage, you need to consider (at least):-management software (rent management, communications, maintenance requests and tracking, etc.)

5 June 2024 | 7 replies
Additionally, they should be using a lead generation and tracking software programs so that details can be seen of where leads are coming from and at what stage they are lost.

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.

5 June 2024 | 0 replies
This approach allowed us to move quickly and efficiently, ensuring the project stayed on track.

4 June 2024 | 6 replies
The frustration of managing 28 locks, each plagued by the same problem, has underscored the need for a more robust and reliable smart lock solution.In summary, the Yale Assure 2 locks have proven to be a costly disappointment, especially when multiplied across 28 units.