
25 March 2024 | 23 replies
If it was a 12 month lease, I wouldn’t require a monthly cleaning but at 6 months, I would like to make it a requirement.

24 March 2024 | 6 replies
@Stephen Montez from what we see here on BP:1) Investors NOT knowing how to get properties under "market" value.They all expect to pay price in MLS and cashflow.2) Not taking the time to understand different property classes and their pros & consThey often buy a Class C rental for the low price, yet expect Class A results.3) Trying to DIY manage without doing their homeworkThey try to penny-pinch, yet their mistakes cost them dollars.

25 March 2024 | 118 replies
Many OOS investors set themselves up for failure because they don't truly take the time to understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.

25 March 2024 | 6 replies
Cleaning out the property - the designated next-of-kin and executor will be responsible for removing and dispersing the deceased tenant’s belongings before the lease period is over.Unfortunately, it does look like this can be a long process and patience will be needed as you will be dealing with an estate.

25 March 2024 | 0 replies
Updated the kitchen, repainted the house, and replaced the roof, as well as cleaning up the landscaping.What was the outcome?

25 March 2024 | 52 replies
Just pay your cleaning person and be done with it.

25 March 2024 | 7 replies
If your credit is 680 or better, no lates on your credit report, and a clean b.g. and I can get a new investor started all day long given it is the right project.The right beginner project is one where the purchase price is less than 100k, total project cost less than 200k and loan amount around 120k - 150k.

26 March 2024 | 11 replies
I've heard of mentees who started cleaning up construction areas on a flip at the end of each work day or picking up supplies at Home Depot and delivering them to the job site.

24 March 2024 | 2 replies
Seems like short term would likely generate more revenue but not really sure about profit when you consider vacancy and property management fees of ~30% (I would consider remote management but I would think cleaning fees would still be ~$400/mo. which is high).

26 March 2024 | 47 replies
They all look very solid, fundamentally-sound, have clean lines, and are very attractively priced.