Treza Edwards
Mandatory Inspections for rental properties
18 December 2024 | 5 replies
Review the quality of the tenant base (do they have a history of paying on time, what were the original screening criteria, do they have applications on file).
Rene Hosman
What do you consider a "good" cash flow for a property in 2024?
7 January 2025 | 22 replies
It depends on your financial strength, the quality of the property, how many properties you own, etc.I like to start with one significant expense and three months of vacancy.
Travis Marko
Direct skip and Cold Calling Companies
13 December 2024 | 6 replies
Experienced investor looking for new (quality) direct skip and cold calling companies
Kevin Zmick
Having Trouble Renting Unit in First Property
19 December 2024 | 22 replies
I’ve had to rent in the offseason before and have gotten quality applicants but it does take longer.
Danielle DeCormis
Section 8 vs. Standard Lease - Pros and Cons
19 December 2024 | 5 replies
In my experience, Section 8 tenants are low-quality.
Venecia Baez
Want to buy first property and I watch a lot of videos, but lack action: How to start
1 January 2025 | 24 replies
@Venecia BaezRecommend 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 Class A property in Class D area, what quality of tenant will you get?
Ben Sturgill
Financial tracking software or spreadsheet
7 December 2024 | 6 replies
We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.Something else to keep in mind is your entity structure and how your entities file tax returns.
Jack Gardner
2 Bedroom / 1 Bath Rent Prices in Northeast Minneapolis
15 December 2024 | 5 replies
A nice but rental quality unit gets 1500-1650 regularly in that area depending on the size and finishes.
Dina Schmid
Is a Loft a Bedroom?
18 December 2024 | 13 replies
This combined with minimum footage for a bedroom means many lofts do not quality in CA as a bedroomDifferent states will have different requirements for what constitutes a bedroom.
Katie Roche
Rent to Retirement...Proceed with Caution
16 December 2024 | 3 replies
In hindsight, this made sense as their responsiveness, listing quality (photos, description), and understanding of market rates were subpar.