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29 January 2025 | 107 replies
I read this as someone using a short-term lens to focus on a long-term issue.
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22 January 2025 | 25 replies
For instance, said property manager manages maintenance issues, problems that arise during bookings, basically anything that needs a physical person at the property, while I manage the rest?
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29 January 2025 | 9 replies
The inspection showed more issues than we expected but the seller wasn't willing to negotiate so we cancelled in the due diligence period.
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30 January 2025 | 4 replies
After that, if issue is addressed but ground floor tenants keep complaining - remind them that common noises are expected when living in an apartment.
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22 January 2025 | 3 replies
A couple issues with Credit/income on paper.
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13 February 2025 | 10 replies
You have to pay fees, but you'll have a professional handling issues instead of bleeding money trying to figure it out for yourself, then you have your time free to pursue other things.
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10 February 2025 | 1 reply
Stock market- it’s time for a 40 to 50% dive.Whether any or all of these come to fruition as an issue, just one of them would have a significant impact on REI.
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5 February 2025 | 29 replies
Of course it this becomes an issue for the property management company, they may chose to stop managing the property.- The owners don't share any of the equity growth with the management company.Drawbacks of Turnkey properties- They are usually purchased at market value (or sometimes just a little bit above) so that after paying closing costs the investor who purchased the turnkey investment has a lower net worth than before the purchase.- There is no discount or created equity over and above the amount that is used as the down payment for the home.- The management company charges a management fee of 10% - 15% which can be a little higher than average property management companies, but that cost may be offset by higher quality of services.- The management company also charges for other services such as fee for coordinating maintenance and repairs, and turnover and releasing.
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29 January 2025 | 9 replies
I have FAR MORE MANAGEMENT ISSUES because of the SHARED PORCH.