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11 February 2025 | 1 reply
Since the property has vacancies, a buyer might discount for lease-up risk, so that’s something to factor in.I owned a multi-use property in IL that is definitely different than what you're looking at.
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12 February 2025 | 2 replies
But you're talking about keeping it yourself, which is a different analysis.
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20 February 2025 | 20 replies
I have seen some people well respected in the industry recommend her on several different real estate groups on Facebook.
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15 February 2025 | 7 replies
So, when investing in areas they don’t really know, investors should research the different property Class submarkets.
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11 February 2025 | 4 replies
Hey everyone,I am curious how different property managers handle maintenance requests.
13 February 2025 | 9 replies
I often require a different security deposit.
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16 February 2025 | 4 replies
Save the difference and supplement with other savings from a regular job.
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20 February 2025 | 2 replies
See properties sitting on the market for a long time, every market is different, my market anything over 30 days is a long time.
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15 February 2025 | 21 replies
You are basically doing a flip first, which requires a whole different set of skills.)So, with $50k revenue, if you hire a PM, they charge 20%, so you give up $10k right away.
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20 February 2025 | 8 replies
@Jim LynchSome typical minimum tenant screening requirements look like the following, but it depends on your market:-Renter has a gross monthly income of 3x more than the monthly rent-Minimum credit score of 650-Renter must have no prior evictions-No felons (or other notable criminal history)There are a number of different tenant screening softwares out there such as Zillow Rental Manager, TransUnion SmartMove, etc.Be sure to complete an employment verification by contacting the renter's employer and confirm the details they shared with you, landlord verification (if they have a previous landlord), credit check, and background check.