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23 December 2024 | 13 replies
But if you are ever in town on the last Friday of the month, reach out.
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25 December 2024 | 8 replies
Also we have two great BP meetups per month here that you might find really valuable.
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24 December 2024 | 4 replies
That month he claimed to make a gross profit of $292,590.
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31 December 2024 | 13 replies
I’ve definitely been stuck in analysis paralysis, now I feel I really need to make up my mind and target purchasing my first OOS property in the next few months.
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27 December 2024 | 8 replies
I explained to the landlord what my business plan was, and paid him a set rent amount each month (though slightly higher than market rate rent).
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22 December 2024 | 7 replies
Quote from @Terra Padgett: While cash flow can be nice to see each month, it can be fleeting and inconsistent.
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25 December 2024 | 3 replies
Sometimes the tenants plan on paying a month's rent at two places to allow a less-hectic move.
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26 December 2024 | 18 replies
The issue I have seen with these types of properties is they could have two valuations - the value of the real estate which the structures will have little value and you have the land the other is as an operating business just like a bed and breakfast would have - real estate has value but it operates a business now you mention 12k / month but if someone also has to manage the property what is that worth and what would someone pay to manage a property like this?
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24 December 2024 | 3 replies
You then place a tenant in that property at $1250/month and the property appraises for $100k.
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23 December 2024 | 9 replies
Use a tiered approval process to give them control over larger expenditures while enabling quick resolution of smaller issues.2.Proactive Maintenance: Implement preventative maintenance programs to reduce costly emergency repairs and extend the lifespan of property systems.3.Monthly Reporting: Deliver detailed monthly financial statements that outline expenses, rental income, and ROI performance.By handling their funds with care and providing transparency, trust is built with owners, ensuring they feel confident in the relationship.Making Tenants Feel HeardHappy tenants are the foundation of long-term occupancy and reduced turnover.