Cathy Svercl
Rent credits for cleaning & painting by future Tenant
15 January 2025 | 8 replies
(The floors are tile and terrazzo, so it is easy to clean up spilled paint.)We haven't gotten an estimate on the painting from a painter yet.
Chris Mahoo
Long term rental when you are not full time real estate professional
22 January 2025 | 10 replies
@Chris Mahoo many new investors don't take the time to properly understand RE investing.1) Many are using approaches from 2010-2018 when Class A property prices were so low from the Great RE Crash that an investor could cashflow and get pretty easy Class A tenants to manage.2) If you look at what investors were doing before 2008-2010, most were buying Class B & C rentals.To make it worth while, an investor either needs to Fix & Flip or invest & hold rentals for 10+ years.- Over a 10 year period cashflow will increase as rents increase (rents typically rise faster than property taxes, insurance, etc.)- The property should be appreciating, if purchased in a good location, increasing the owner's equity/wealth.- Rents will be paying the mortgage off, increasing the owner's equity/wealth.- If you hold a rental until death, you can pass it on with a stepped-up cost basis, limiting captial gains if then sold (limited by inheritance tax limitations).Too many newbies on this site trying to replace their day job income via "passive" real estate investing w/o digging deep enough to understand how it really works.
Ronit Lodd
Best Property Management Software to Scale to 10+ STR Listings? + Direct Bookings
26 January 2025 | 13 replies
Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.
Tammy Elias
Change in Management
15 January 2025 | 8 replies
You probably need to have a conversation with her about the easy way and the hard way.
Pixel Rogue
Real-estate Exit Plan
20 January 2025 | 6 replies
So not as easy and moving every two years if you have had the properties for any length of time.
Alex Fenske
I bought a neighborhood strip center and brought no money to the closing
20 January 2025 | 3 replies
It wasn't easy and sure as hell was not as frightening as your journey, but it was rewarding nonetheless.
Bobby Short
Costa Rica 2nd property Mortgage
11 January 2025 | 12 replies
@Alex Washburn makes really good points - the process is definitely not easy.
Don Konipol
How to Avoid LARGE Loses in Passive Investing
15 January 2025 | 24 replies
I don't think its as easy as people make it out to be.
Esther Iroko
Tenants not paying rent
1 February 2025 | 23 replies
@Esther Iroko everyone thinks it's easy to DIY manage their rental - until it isn't.You now need to learn on the fly and quickly!
Praveen Kumar
Rent to retirement
1 February 2025 | 9 replies
I don't think rent to retirement can vet a deal any better than anyone else or you, they just have a bit of a system. but the new builds in Lehigh acres, Cape Coral, north port, etc are all garbage. septic systems, poor economics, low rent to purchase price ratios, you are banking on appreciation and buying at market. building direct is going to give you a competitive advantage on a 3 unit let's say worth 600,000 you are going to be 120k ahead than if you bought it through them. that's my analysis. if you are super lazy and too busy to make money and have millions to throw around then I'd recommend not thinking much about investing. but you can also invest in funds and be way omre passive than buying a new build from far away. but if you want to add real value then get involved and make it happen. getting wealthy isn't easy. you work hard for your money and there are build to rent developers like us that try to answer and add value to start buiding relationshipsl