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31 January 2025 | 27 replies
My issue with your specific post is that it sets up a strawman and takes a personal shot at other posters.
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23 January 2025 | 7 replies
A knowledgeable attorney can advise here.Create a solid operating agreement: Since you own the condo with a friend, a clear operating agreement is essential to outline responsibilities, decision-making, and profit-sharing for the LLC.To save on costs:Look for real estate attorneys who specialize in investment properties and might offer package deals for the retitling, operating agreement, and filing the LLC.Shop around for title companies that can handle the transfer smoothly and provide competitive rates.Research DIY options for setting up the LLC if your situation is straightforward, though I’d still recommend a lawyer for the transfer process itself.Good luck with the process!
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17 January 2025 | 7 replies
Self managing is a solid way to learn the business, and it’s smart that you’re already setting up systems and tools.
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22 January 2025 | 0 replies
These are becoming very affordable from retailers like Home Depot and Floor and Decor, and they really set you apart from builder-grade homes!
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7 February 2025 | 7 replies
Inevitably there will be some "friction points" that you'll have to discuss/mediate, but ultimately if they are not willing to adopt a majority/all of your processes, then I think you mutually set up a date that works for them to move. e.g. 60 days, 90 days, etc...
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29 January 2025 | 5 replies
Focus on driving for dollars during free time, and set up automated mail campaigns to keep leads flowing.
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22 January 2025 | 25 replies
If you found a few handymen you could rely on, and make a trip out there for a few days to get things set up with shopping, decorating, and furnishing the STR that would remove the red flag of the property manager, and significantly boost your material participation hours to clear one of the thresholds.
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6 February 2025 | 8 replies
Set your investment criteria, systems, and rules—and stick to them.2.Tenant management is all about structure.
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2 February 2025 | 10 replies
I work in group home settings for a living and at my previous facility there were two clients per bedroom which would give you potentially 8 in your house while at my current job there is one client per bedroom which would only be 4 clients in your home.
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4 January 2025 | 12 replies
An experienced agent will list your property with the language, "no showings until an accepted offer", to avoid violating your tenant's rights to the peaceful enjoyment of their home - possibly resulting in their lack of cooperations and a lawsuit against you.