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22 April 2024 | 28 replies
Now that these properties are well-stabilized and pretty much on "auto-pilot" I'd like to think about outsourcing the day-to-day and month-to-month maintenance of these properties.
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23 April 2024 | 11 replies
In the last week, I have brought in around $2,000 in additional monthly income for higher-paying clients to replace older smaller ones and might start outsourcing some of the mundane tasks to VA's to free up more time for client calls.10% would be on a private 12-month loan.
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22 April 2024 | 2 replies
Assess the quality and experience of the management team or consider outsourcing management duties to reputable firms.Market Oversaturation: An oversupply of similar properties in the market can depress rental rates and occupancy levels, affecting your investment returns.
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22 April 2024 | 3 replies
It's going to be a money soak and large loss because it seems like the principal wants to outsource eyes, ears, and skills and is willing to pay someone else to bring their own people which costs 2-4x as much as having some of your subs and eyes on the job.If I had other pressing business concerns, I would sell all of the properties in a portfolio sale, bank the money and repurpose it, and let someone else do it all.
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20 April 2024 | 9 replies
That's why, the same as their traditional Property Management needs, they outsource the management of their vacation rental needs.
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18 April 2024 | 12 replies
That means, unlike most turnkey companies, we do not outsource it.And we don't run the PM as a profit center.
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19 April 2024 | 15 replies
@Hannah PotterIt depends on how much you like doing it yourself but tax prep is something you should outsource after your first rental.
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17 April 2024 | 18 replies
Also, it is key that you do not manage or work yourself on that property or you could cause the IRA to blow up.We have a construction company but outsource to our subcontractors.
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16 April 2024 | 6 replies
You can play PM for a bit and gain experience of what's that like which helps when you finally outsource and hire out.
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15 April 2024 | 0 replies
I'm interested in hearing from Milwaukee-area property owners and PMs on what they currently wish they could outsource or are having trouble finding help with.