Alan Goetsch
Connected Investors Largest REI Scam on the Internet
18 June 2024 | 121 replies
I have done that with some "lenders," and it exposes them as the fraud they are.
Forest Wu
Any good property managers for Las Vegas (Single Family Homes in Rhodes Ranch area)?
14 June 2024 | 3 replies
Are they doing everything possible to expose properties to the broadest possible market?
Jill H.
HELP PLEASE EXPLAIN: Using Cryptocurrency to buy a house
12 June 2024 | 9 replies
Don't expose yourself to the risk of a currency you are unfamiliar with.
James Carter
How to get water and electric to rural glamping site
9 June 2024 | 6 replies
And a big propane tank that runs the water heater and stove.
Gulliver R.
Typical Monthly STR expenses
10 June 2024 | 25 replies
Gas (natural or propane)I pay $100 a month for liability insurance.
Leslie McIntosh
Guidelines for owners without a RE license holding open houses in Texas?
10 June 2024 | 8 replies
That's way to random trying to pick up buyers and I don't like letting a bunch of random unqualified people in your home and wasting my time and potentially exposing you to more risk.
Corbin H.
How to fund massive unexpected repair
10 June 2024 | 40 replies
Am I exposed to any legal recourse from tenants with the quality of the living conditions?
Sandy Keller
Part Time Property Manger?
8 June 2024 | 8 replies
I am learning about turbo tenant and feel fairly confident I could manage most things using it (as long as tenants were able and willing to cooperate with using a computer/app) However I'd still like a property manager/company whose name, address etc is what is exposed on the lease agreement.
Tyson Scheutze
The Price of Property Management
8 June 2024 | 1 reply
These are some of the ways the clients could be affected by property managers who are not prepared: Extended VacanciesInadequate marketing strategies and tenant screening processes can result in prolonged vacancy periods, translating into substantial lost rental income.High tenant turnover due to poor resident relations further exacerbates vacancy losses.Inadequate Maintenance and RepairsNeglecting preventive maintenance and delaying necessary repairs can lead to accelerated property deterioration and higher long-term repair costs.This can also negatively impact tenant satisfaction, contributing to higher turnover rates.Legal and Compliance IssuesLack of knowledge or disregard for landlord-tenant laws and regulations can expose investors to costly legal disputes and penalties.Failure to properly handle security deposits, evictions, or fair housing practices can result in significant financial liabilities.Ineffective Financial ManagementInaccurate budgeting, expense tracking, and financial reporting can lead to uninformed decision-making and missed opportunities for cost savings.Failure to optimize tax strategies and leverage available deductions can further reduce net returns.Diminished Property ValueInadequate maintenance, high vacancy rates, and poor tenant screening can negatively impact a property’s perceived value and appreciation potential.This can significantly affect the long-term return on investment when it comes time to sell the asset.While a 10% management fee may seem reasonable for a well-performing property manager, the cumulative impact of mismanagement can quickly escalate the effective cost to investors, potentially outweighing any perceived savings on the management fee itself.
David Byrd
Beginner Questions - Forum Etiquette, Research, Networking.
8 June 2024 | 1 reply
They can sharpen skills you already have, or expose you to things you've never even thought of.