
18 October 2021 | 53 replies
Everyone else on your team will be transaction-based and not really involved after a purchase.We're in the Metro Detroit area, so you may want to follow our blog here on BP, but at least read the following posts:Follow our "Deep Dive" series we're doing about Metro Detroit cities and City of Detroit Neighborhoods: https://www.biggerpockets.com/...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-processesIn our experience you will need to:1) Learn to "Maintain to the Neighborhood", not your personal standards2) Tenant-Proof everything you can Hard surface flooring, not carpeting (too easy to trash) Same basic paint for everything No garbage disposals for them to break Only spring-type doorstops also with plate on the wall Glue rubber mats under sinks to prevent water damage Sheet aluminum on walls around stovetops, for easy grease removal Towel racks - screw 1x3 to wall studs, then screw rack to that Install low-profile downspout ext, not aluminum that always disappear Plan on cleaning gutters and leaves up in the fall as tenants won't Avoid garage door openers3) Have a great application screening process: Check credit for evictions & convictions, utility collections Focus on employment/income stability Require bank or debit card statement - you'll be surprised what they spend their money on!

15 July 2021 | 1 reply
It doesn't solve every problem but if I can be professional and understand where they're coming from, it prevents things from devolving into nastiness.
15 July 2021 | 1 reply
I want to transition to a preventive maintenance mode.
15 July 2021 | 5 replies
Is there a checklist you use or a certain group of tasks that you have the trades perform as preventive measures?

18 July 2021 | 12 replies
So what do you think you could have done diffrent to prevent that from happing ?

16 July 2021 | 4 replies
I think an ounce of prevention is still worth a pound of cure, so here are some simple steps you can take to improve your odds with your next GC.Make sure they are Bonded, Insured and Licensed.

17 July 2021 | 1 reply
What skills are preventing me from making more money in Real estate?

20 July 2021 | 12 replies
@Dolly MarketakisDepending on state laws, if the SFH is going to be your own residence for a period of time, having it in an LLC may prevent you from enjoying full tax advantages of a home in your name, and sometimes, better protections.See: LLC vs Home exemptionsIn fact, I bought a business from someone in an S Corp., owner was sued for $3 million, and the S Corp only had insurance for $1 million.

18 July 2021 | 5 replies
I reached out to PD and owners but have not had any luck with preventing customers parking in front of my house in my lot.

7 March 2022 | 5 replies
Also most RIAs have investment monitoring policies that would prevent you from investing on your own and potentially from even doing crowdfunding.