
17 October 2024 | 10 replies
We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

17 October 2024 | 6 replies
@Dayana Castellon the only marketing that would make sense is marketing Airbnb & VRBO are NOT covering already.Maybe market directly to insurance companies looking for rentals for their clients needing temporary housing while their fire-damaged home is being repaired.Corporate travel departments might be another option.Hospitals with resident doctor programs.The challenge will be doing this marketing efficiently enough to make it worthwhile.

15 October 2024 | 2 replies
Some of the upgrades look great from the pictures I saw online.

17 October 2024 | 20 replies
We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

18 October 2024 | 8 replies
DSCR loans don't require personal income verification or a debt-to-income ratio, making them ideal for properties with strong cash flow, even if the current owner has credit issues.Here's how it could work:You could use a DSCR loan to refinance the hard money loan, securing more favorable terms without having to involve the seller's credit.Since the rental income easily covers the property’s debt service, you’ll be in a good position for lender approval, bypassing the conventional mortgage route.This approach could allow the owner to stay in the house, while you take over financing with a less restrictive structure.

17 October 2024 | 1 reply
You won’t have to worry about which policy or carrier covers what, reducing the chances of delays or disputes between carriers.More Predictable CostsScheduled programs often allow for more predictable budgeting.

16 October 2024 | 10 replies
For example, I'd bring in one of those pool pictures that is at the end.

15 October 2024 | 7 replies
However, IF I suspected that something was being misrepresented with their financial picture I might ask for bank statements to double check.

16 October 2024 | 7 replies
What's covered and what isn't?

16 October 2024 | 21 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.