Bill Mitchell
Average Cost for Kitchen Granite Countertops?
9 June 2024 | 20 replies
It can be a challenge to get two slabs to be of exactly the same thickness when they are to be joined at a seam; and the specs for the thickness variation from slab to slab is somewhat loose, so there could be a noticeable thickness difference that is exacerbated when you use a fancy edge.
Wade Wisner
RE Investor with 52 years experience.
12 June 2024 | 24 replies
The idea of even a little bit of debt makes my skin crawl and want to run for cover.
Tyson Scheutze
The Price of Property Management
8 June 2024 | 1 reply
These are some of the ways the clients could be affected by property managers who are not prepared: Extended VacanciesInadequate marketing strategies and tenant screening processes can result in prolonged vacancy periods, translating into substantial lost rental income.High tenant turnover due to poor resident relations further exacerbates vacancy losses.Inadequate Maintenance and RepairsNeglecting preventive maintenance and delaying necessary repairs can lead to accelerated property deterioration and higher long-term repair costs.This can also negatively impact tenant satisfaction, contributing to higher turnover rates.Legal and Compliance IssuesLack of knowledge or disregard for landlord-tenant laws and regulations can expose investors to costly legal disputes and penalties.Failure to properly handle security deposits, evictions, or fair housing practices can result in significant financial liabilities.Ineffective Financial ManagementInaccurate budgeting, expense tracking, and financial reporting can lead to uninformed decision-making and missed opportunities for cost savings.Failure to optimize tax strategies and leverage available deductions can further reduce net returns.Diminished Property ValueInadequate maintenance, high vacancy rates, and poor tenant screening can negatively impact a property’s perceived value and appreciation potential.This can significantly affect the long-term return on investment when it comes time to sell the asset.While a 10% management fee may seem reasonable for a well-performing property manager, the cumulative impact of mismanagement can quickly escalate the effective cost to investors, potentially outweighing any perceived savings on the management fee itself.
Don Konipol
Top Ten Questions Asked On Bp That Have No Chance Of A Beneficial Answer
10 June 2024 | 35 replies
If you examine all of these questions, which we all read every day, there are a couple of apparent things missing that make them impossible to answer:1. skin in the game2. research done before posting3. why the poster is asking (background)4. camaraderie (just give me what I want, I have nothing to offer)
Saleem Choudry
Is it better to have two private loans or a HML and private loan?
5 June 2024 | 6 replies
Can it work though, yes, but have some skin in the game.
Paul Azad
New Industrial Syndication Investment, looks good to me?
3 June 2024 | 7 replies
Having real skin in the game is a major incentive to do the best thing for investors in a downside situation.
Edward Schenkel
Ask An Attorney Anything About Real Estate Law
9 June 2024 | 223 replies
However, I think if you decide to do this, you should get some money up front combined with owner financing so you have some skin in the game so to speak.
Farhan Khan
New Investor Seeking Advice in the DC Metro Area
2 June 2024 | 2 replies
However, open to invest with others outside of the DC metro area as long as they have a skin in the game ( Just following Brandon Turnner's advice) :)What I Have Done:1.
Jason L.
Determining Profit Share for Spec Home - Risk vs Capital/Other Contribution
3 June 2024 | 20 replies
3) Is it common for the developer not to have any upfront "skin in the game" (no $$ capital contribution)?
Andreas Mueller
High Interest Rates vs Gov Spending. Who will win the inflation fight?
30 May 2024 | 6 replies
.- New Mortgage Program will Exacerbate Inflation.- Hot Tip to Save BIG on your Next Renovation.- The Skeptics Take.The Weekly 3: News and Data to Keep You Informed- Apartment renters are signing longer leases than ever - incentivized by high supply in multifamily apartments coming online.