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16 January 2025 | 4 replies
Limited labor and resources : Unlike the catastrophic fires in Lahaina Hawaii there are significant resources in Los Angeles to contribute to recover, but quality contractors, tradesman, plumbers, electricians and laborers have long been in short supply.
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3 January 2025 | 2 replies
Well-maintained homes: Homeowners tend to spend more time and money maintaining their homes, which contributes to the overall quality of the neighborhood.
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18 January 2025 | 16 replies
@Thomas FarrellRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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17 January 2025 | 16 replies
What you can't do remote is get a sense for the neighborhood and asset quality.
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18 January 2025 | 11 replies
Some key qualities to look for include:- **Responsive communication**: A PM company that keeps you in the loop and addresses issues promptly- **Local expertise**: Knowledge of the Birmingham market and experience with Section 8 tenants.- **Proactive maintenance**: Regular inspections and quick resolution of maintenance issues to keep tenants happy and properties in good condition- **Transparent reporting**: Clear and detailed financial reports so you know exactly where your money is goingIf your current PM isn’t meeting these standards, it might be worth exploring other options.
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7 January 2025 | 2 replies
You can go to Redfin or Zillow and see the level of finish houses with short DOM have in the area, can you at least match that quality?
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27 January 2025 | 27 replies
Hi Srikanth, I’ve been investing in Cleveland neighborhoods with a similar focus, targeting properties that align with appreciation potential while attracting quality tenants.
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11 January 2025 | 12 replies
You will learn the cost of maintenance/cap ex and how tenant quality plays a big role.
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27 January 2025 | 48 replies
If you think that the forums and the books have the same information and the same quality, do you read books at all?
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4 January 2025 | 1 reply
As a licensed contractor, I can provide insights to make sure you’re getting the best value and quality for your project.