13 June 2024 | 2 replies
That is the purpose and function of a properly drafted and filed correction instrument.
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16 June 2024 | 27 replies
Part of the reason I want to flip is A) make something functional and useful again and B) use the artistic side of my brain to create beauty.
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14 June 2024 | 8 replies
Itś a great program if you approach it with intelligence, logic and a sense of human decency.
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14 June 2024 | 17 replies
I presume the PM is using a good PMS (property management software) program so that you have easy access to information about their management.
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12 June 2024 | 9 replies
I would make a separate entity if the function/assets of the business are different than that of your current entity
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13 June 2024 | 7 replies
At some point you are going to have to revise the lease and get it on editable program like word.
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13 June 2024 | 13 replies
All your full documentation information (IRS taxes net and bank assets) are input and approval is a program, generally no exceptions to their rules.
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13 June 2024 | 9 replies
They undergo regular training and stay updated with industry trends, laws, and best practices, ensuring high-quality service.Access to ResourcesNARPM provides its members with educational programs, legal updates, and networking opportunities, enabling property managers to handle any situation effectively and offer informed advice.Efficient Tenant ManagementNARPM property managers excel in tenant relations, from screening and lease agreements to conflict resolution and evictions, ensuring stable rental income and minimized vacancies.Legal ComplianceNARPM property managers are knowledgeable about landlord-tenant laws and regulations, ensuring compliance and protecting you from legal issues.Maintenance and RepairsNARPM managers have reliable contractor relationships, ensuring timely and cost-effective maintenance and repairs, along with regular property inspections.Time and Stress ManagementBy hiring a NARPM member, you delegate daily management tasks to a professional, saving time and reducing stress.Financial ManagementNARPM property managers handle rent collection, accounting, and financial reporting, providing detailed and accurate financial statements for informed decision-making.Marketing and Leasing ExpertiseNARPM managers use proven marketing techniques and platforms to attract and retain tenants, ensuring quick rentals at optimal rates.ConclusionChoosing a property manager is crucial for any landlord.
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13 June 2024 | 2 replies
Appfolio is a great program but is extremely large and although we are huge fans, it has its issues.
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14 June 2024 | 25 replies
From personal experience, MLS deals are much less lucrative given their higher price points (typically).With respect to financing, you can talk to any of the hard money lenders on this site for different financing programs they offer (some are tighter with someone who has not yet executed a flip), you can take equity out on existing properties you have, you can use private loan from a friend or relative.