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31 October 2024 | 7 replies
Every system you try will have flaws, or you may salivate over a feature that appears in other software.Some familiar names are mentioned frequently: Stessa, Apartments.com, RentRedi, TenantCloud, Innago, RentManager, Avail, Rentec Direct, Doorloop, etc.I recommend conducting thorough research on each app online to understand their offerings, pricing, etc.
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4 November 2024 | 19 replies
I just discovered they operate in Florida and Texas, where we have properties, so I am very interested in using them.
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5 November 2024 | 28 replies
Tenant in San Francisco discovered the in-law unit had fire code violations so sued landlord for $2 million.
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5 November 2024 | 6 replies
I also use AI to discover topics of interest....Eric
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3 November 2024 | 8 replies
.- Have discovered owners with lapsed ploicies they thought previous PMC was handling.- Also found terrible policies that owners had, that they didn't understand.4) Utilities: We check that all utilities are properly set up and cofirm or enroll in any Auto-Transfer of Service programs to avoid no heat during winter leading to frozen pipes.- Dealing with a very upset new owner client right now that previous PMC didn't handle the water account properly.
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3 November 2024 | 56 replies
Further research, I discovered lender and borrower (seller) negotiated an inflated payoff, hints why lender didn’t send $ back because they now knew they’d be out the extra money since their borrower had already spent most of those funds.
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7 November 2024 | 30 replies
Learning as we go since we had the house anyways .With long drives I discovered Bigger Pockets and it has lit a fire under my tuckus to get more properties and keep the ball rolling Thanks for the advice -More data analysis and research for whatever we 1031 into next will definitely be a priority .Best-C.
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7 November 2024 | 22 replies
I lined up a bookkeeper in May of 2023 and had several months of follow ups with her only to discover in February 2024 that she had had a “life changing family event” and had not been in her office for about 5 months and had never even started my books.
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8 November 2024 | 22 replies
Syndications start off with a lot of unspoken ifs… if we can force appreciation, if variable rates don’t go up, if no unexpected surprises as to the estimates we based our proposal on, etc.To me, the biggest flaw in the single point IRR analysis is to ignore the risk of being a passenger on the bus with a syndication in the first place.
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6 November 2024 | 29 replies
I had to call several dozen times to learn what was happening behind the scenes, only to discover that the "experienced property managers" at Latchel had been sitting on their hands.