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19 July 2024 | 25 replies
The switch happened before my employment began, so I don't know how Yardi operates or why we left, but Appfollio is fairly simple to use.
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18 July 2024 | 40 replies
If your goal is financial freedom you need an income that meets four requirements:Rent increases faster than inflation: Only if rents increase faster than inflation will you have sufficient dollars to pay inflated prices in the future.Sufficient to replace your current income: You must have sufficient income to replace your current income.Lifelong income: It must continue throughout your life.Low operating costs: Every dollar you lose to operating costs is a dollar less for you to live on.Rents Increase Faster Than InflationWe live on buying power, not a fixed number of dollars.
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19 July 2024 | 7 replies
The Fair Housing Act may not apply to the following types of housing in some cases:Owner-occupied buildings with no more than four units,Single-family housing sold or rented without the use of a broker, andHousing operated by organizations and private clubs that limit occupancy to members.Again, talk to HUD and see if you are exempt, then you can put this entire issue to bed.
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20 July 2024 | 19 replies
I think you're a bit too far away from my current area of operations right now.
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20 July 2024 | 10 replies
Cashflow is tight on most deals as rents have not fully kept up with home prices/insurance/taxes/operating expenses.
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19 July 2024 | 12 replies
Owners come primarily in two flavors...the Micromanagers, that know more than you; and those that prefer being oblivious and not bothered with anything but the most significant incidents.What I have focused on is developing solid systems and processes in all operations with the goal of prevention, rather than constant corrections.
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19 July 2024 | 4 replies
Add water meters to separate the exterior usage to the building usage (sometimes the water companies will provide a break for that portion).There are a lot of things to consider and utilities are a big part of operational costs associated with apartment ownership and management.Best wishes to you.
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19 July 2024 | 8 replies
You can determine a competitive offer price for a property, analyze market trends, property condition, income potential, and operating expenses.
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20 July 2024 | 10 replies
There has been significant growth, especially with tech giants like Intel, Meta, Amazon, and Google setting up operations (2 data centers), driving up property prices and job opportunities.
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19 July 2024 | 11 replies
Just wondering if anyone has experience with having ceiling fans that operation on a remote control (with a master wall switch) in any of their rentals.