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11 January 2025 | 14 replies
With the right PM, you’ll have peace of mind knowing your property is in good hands and generating steady income.Good luck with your search!
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10 January 2025 | 28 replies
Talk to house hackers because that would be a great way to start, but you are also advanced with money so you may find smarter options that act more like index funds (syndications).Yes I was actually looking at syndications that was going to be my next research topic that seems extremely interesting and powerful syndication seems like an awesome way to diversify without getting my hands dirty necessarily.
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13 January 2025 | 31 replies
It always cracks me up when someone hands me a business card that says "President and CEO" and they don't realize how ridiculous that looks.
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13 January 2025 | 25 replies
I’ve had my real estate license a little over a year and have helped a handful of out of state investors like yourself get their hands on some Rochester real estate.
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24 January 2025 | 21 replies
Gaining a risk-free property, with a long-term resident there to pay down your fees, etc, with a property management company in place to hold your hand along the way and making sure your property is kept up with.
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20 January 2025 | 7 replies
Treat this property as a business and factor in all the associated expenses, including mortgage payments (if you pull a loan), maintenance, and potential vacancy periods.To simplify management and make this less of a hands-on job, I’d strongly recommend working with a property management company.
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17 January 2025 | 19 replies
I'm not completely foreign to the construction process as I grew up around a family that was involved in home building, but due to living in another state I can't really lean on them for the direct, hands-on guidance.
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17 January 2025 | 28 replies
What I find to be most valuable: Ease of use, cost-savings and efficiency and here's what I mean: If using an interior designer to furnish your rental, they will hand you a list of supplies + furniture to buy and what I was able to do with Minoan is upload that list as a CSV file and then they come back with a quote of all of the items they can fulfill along with their respective discount.
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21 January 2025 | 15 replies
Check AirDNA for demand, pricing, etc.The Dekalb Board of Commissioners has proposed regulations for short-term rentals. https://engagedekalb.dekalbcountyga.gov/airbnb-dekalb-countyShort term rentals require you or your property manager to be hands-on and come with more risk.
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8 January 2025 | 6 replies
Well, I guess this says it as well as I could.This growth in ADU establishment goes hand in hand with progressive changes in Michigan's zoning laws.