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31 December 2024 | 13 replies
Or you can buy one from AIA as they have short form standard contracts.
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2 January 2025 | 25 replies
People don't read STR descriptions you see this alot with international properties where people expect US standards.
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23 December 2024 | 9 replies
A strong partnership benefits both parties.Happy vendors are more likely to prioritize your jobs and provide high-quality service, benefiting both tenants and owners.Balancing Stakeholder NeedsBalancing these relationships requires a strategic approach:1.Standardized Processes: Implement systems that ensure consistency and efficiency in addressing maintenance requests, approvals, and payments.2.Transparency: Use technology, like owner and tenant portals, to provide real-time updates and visibility into ongoing issues.3.Regular Communication: Maintain open lines of communication with all stakeholders.
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6 January 2025 | 14 replies
Or try the reverse - rehab a property to Class A standards in a Class D neighborhood and try to get a Class A or B tenant to rent it.Unfortunately, many newbie real estate investors are jumping into buying affordable Class C rentals - expecting Class A results.
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7 January 2025 | 28 replies
You also tend to get more frequent and better feedback than with an STR, if you treat your residents well.The last quadrant, unnecessary but not obviously so, is usually as a result of either converting an STR to an MTR or from remodeling above the standard needed.
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26 December 2024 | 14 replies
Most standard MLS contracts now include a box check for 1031 exchanges.
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27 December 2024 | 8 replies
I mean can you consistently provide an industry standard finished product similat to what the licensed trades would provice)
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23 December 2024 | 0 replies
Standard offer process.How did you finance this deal?
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14 January 2025 | 28 replies
You fail to the systems in place, keep strong standards and the failure rate is light.
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1 January 2025 | 14 replies
@Jeff SkinnerRecommend 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?