Michael Calvey
Unpacking the Rent Crisis: It's Not Just Greedy Landlords..
6 August 2024 | 54 replies
To me the issue isn't charging fees and making profit as much as it is doing so without providing tangible value in returnA business exchange should result in value added not extracted—charging a 50% leasing fee to then only do remote showings, charging a $25/mo smart-home fee because of an added a $50 wifi-enabled thermostat My clients pay management fees as high as 20%, none lower than 13%, and in return they receive comprehensive property managementMy residents pay nothing other than rent, because they're not clientsI can't complain though, because if it weren't for the industry's standard practices becoming this way, I wouldn't have my niche
Paul Post
How much info can a PM share with a landlord?
9 August 2024 | 47 replies
Here's the language I use:Consent to Contact References and Perform Credit CheckI authorize [Type Agent Name Here] (“Agent”) to obtain, and to share with [Type Landlord Name Here] (“Landlord”), information about me from my credit sources, current and previous landlords, employers, and personal references, to enable Landlord and Agent to evaluate my rental application.I give permission for the Landlord or its Agent to obtain a consumer report about me for the purpose of this application, to ensure that I continue to meet the terms of the tenancy, for the collection and recovery of any financial obligations relating to my tenancy, or for any other permissible purpose.I authorize Agent to share my completed rental application (along with any supporting materials) with the Landlord.Applicant signature: _________________________________Printed name: ______________________________________Address: ____________________________________________________________________________________Phone Number: _____________________________________Date: ______________________________________________
Aaron Washington
STR insurance what do you use?
4 August 2024 | 28 replies
Do you have one plan or a plan with supplementals such as liability?
Julie Muse
Mount Vernon Drive Success: Strategic Renovation Yields Strong Profits!
1 August 2024 | 0 replies
This opportunity aligned perfectly with our investment strategy of acquiring homes with untapped potential, enabling us to achieve a solid return on investment through smart renovations and quick resale.
Linda Roberts
What letter should I send to tenants before the end of their lease?
1 August 2024 | 5 replies
A check-out list of suggestions for restoring the property to move-in condition, to enable the full return of their deposit.
Julie Muse
Fresno Flip: Strategic Renovation Turns Big Profit on N Backer Avenue!
1 August 2024 | 0 replies
This approach enabled us to optimize the project's profitability.
Anna Brown
LA Property with lots of Equity
15 August 2024 | 57 replies
No fixed amount of money will enable you to maintain your current lifestyle over time.For example, suppose you buy a property where rents increase by 2% per year and inflation is 5%.
Julie Muse
Lightning-Fast Profit: Hiawatha Way Success with Himanshu Patel!
31 July 2024 | 0 replies
Our efficient financing strategy enabled us to capitalize on the opportunity and achieve a swift, profitable outcome with our partner, Himanshu Patel.
Dan Sundberg
ADU Value add and live-in flip
30 July 2024 | 1 reply
We wanted a new primary residence, and wanted to find something we could have a rental on the same property to supplement our mortgage payment.
Jason Lopez
Should I do long term rental or short term rental?
31 July 2024 | 19 replies
I won't get into STR until I have a LTR portfolio large enough to supplement the inconsistencies of STR in my market, if at all.