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4 February 2025 | 10 replies
It easy for people to get up on their crystal palace podium but the moment it comes knocking on your door or in your neighborhood peoples opinions change drastically.
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20 January 2025 | 8 replies
ya Open door capital struggles are well documented..
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29 January 2025 | 9 replies
in a vast interview process with many steps before allowing someone to move in. a new roomie is an everyone-decision, not a landlord-only decision; if you're expecting people to co-exist in a space together (for longer than just a few months), you have to make sure they all have some things in common, or at minimum have the right expectations in terms of cleanliness and routine habits.someone working the night shift and someone else having a 5am rise-time, or someone who works from home in a call-center job is not going to jive well for example. and someone who doesnt handle conflict well is not going to jive with someone who is brutally honest and up front about issues. happy to go into more deets on how we do things if it will help. this can certainly be lucrative in terms of cash flow, but there are huge mud puddles i have stepped in over the years which i have had to learn to navigate.
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24 January 2025 | 2 replies
Tenants were ecstatic that I have been fixing things that were neglected for years and based on units in Clinton trading for about $200k a door, the property will likely appraise for 750k+ Lessons learned?
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10 February 2025 | 8 replies
Seasoned investors have a minimum per door and that's around $150/mo now.
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22 January 2025 | 4 replies
For an OOS investor, I would recommend looking at Kansas City as one of my CFO clients also manages 100+ doors for OOS investors and knows the market very well.
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8 February 2025 | 9 replies
In those cases where a tenant suffered a minor setback and is back on track, if they are scheduled for a hearing before they're evicted they will often pay before that or when they see the notice on the door, but only if you file relatively soon.It really is good screening and filing quickly and consistently that minimize nasty non-payment issues in just about any kind of market.
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9 January 2025 | 3 replies
The main downside is being dependent on the HOA—issues like poor management, rising fees, or unexpected assessments can hurt your investment.
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24 January 2025 | 2 replies
@Daniel Cacho I’m 35 years old, have been in the game for over a decade, own 26 doors, run a property management company with 350+ units, and operate a realty brokerage with a small team of agents.
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22 January 2025 | 13 replies
If that's the case look into finding a handyman, and make sure to shop around for the best price.Stuff I have ran into:lost keys/lockpicking [hired]broken washer [fixed myself]shower door [fixed myself]AC clogged [hired]Microwave broken [replaced myself]holes in the wall [fixed myself] Thank you!