Daniel Afonso
The Global Data Protection Enforcement Awakening
8 October 2024 | 0 replies
Unlike e-commerce or social media platforms, where data privacy issues are more visible, the real estate sector often operates behind the scenes in this space.
Frank Barletta
Houston: Gross Weather, Lovely Investing
9 October 2024 | 9 replies
The education and health services sector alone added 23,800 jobs in the past year, reflecting a significant expansion in these industries, particularly in healthcare and social assistance.Proximity to Major Employment Centers: Greater Heights offers convenient access to key employment hubs such as downtown Houston and the Galleria area, which are major attractors for residents due to the short commute and abundant job opportunities.Education: Nearby institutions like University of Houston and Rice University contribute to the area's appeal.Infrastructure Projects: Ongoing developments like the East Blocks Redevelopment and BioHub II at Generation Park enhance local amenities and attractiveness.Investment InsightsGreater Heights Rental Market Trends:Single-Family House Rentals:Median Rent: $1,350 for 1 bedroom, $2,695 for 2 bedrooms, $3,250 for 3 bedrooms, and $6,100 for 4+ bedrooms.Stability in rent prices with modest YoY increases: 2 bedroom rents increased by $195, and 3 bedroom rents by $250.Median Sold Price YoY ComparisonApartment Rentals:1 bedroom apartments saw a YoY increase of $305, 2 bedroom apartments by $667, indicating strong demand for these unit types.Available Rentals:High availability of both house and apartment rentals, indicating a robust market that can support new rental investments.Sales Market Trends:Median Sale Prices:Significant appreciation in home values, particularly in 1-bedroom homes, which saw a 190.7% increase from $215K to $625K.Other bedroom counts also showed positive appreciation, e.g., 2 bedrooms (5.3%), 3 bedrooms (6.5%), 4 bedrooms (17.4%).Market Activity:Increased number of homes for sale and sold, suggesting a dynamic and active real estate market.
Jason Smith
Help! My Rentals are keeping me from getting a personal home loan
13 October 2024 | 23 replies
Also, I normally try not to call out people or pick fights on social media, but please do not refi your loans into DSCRs thinking this will fix the problem.
Vishal Chandan
Recommendation for a property manager in Florence, AL
7 October 2024 | 2 replies
@Vishal ChandanRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
Josh Fugle
did you pick your market or did it pick you? All-arounder looking for a market
13 October 2024 | 34 replies
My local RE group is looking at having a webinar with people involved in those businesses to share their experience and that it's not as easy the social media gurus say it is If you haven't already joined a local meet up group, I'd recommend that to help you narrow down your strategy and market.
Andre Brock
Good questions to ask out of state property mannagers?
9 October 2024 | 11 replies
@Andre BrockRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
Morgan Bergoon
Experience with TurboTenant?
7 October 2024 | 11 replies
Feedback from users can vary based on individual experiences, property types, and specific needs.To get a better understanding of other users' experiences with TurboTenant, I recommend checking online reviews, forums, and social media groups dedicated to real estate and property management as you have done here.
Joseph Scorese
Building a Scalable Real Estate Business Strategies
6 October 2024 | 1 reply
Marketing Automation: Utilize marketing platforms like HubSpot, Mailchimp, or Constant Contact to automate email marketing campaigns, lead nurturing, and social media outreach.3.
Rocky Gibson
Best way to build a network of Buyers, JV Partners, and other potential partners?
6 October 2024 | 1 reply
Building a network and finding potential buyers and JV partners is key to scaling, and it’s great that you're already active on social media and have created a BiggerPockets account.To leverage BP effectively, start by engaging consistently in the forums, not just with your own posts but by adding value to other people’s questions and discussions.
David N.
Southern Vermont Questions
6 October 2024 | 26 replies
David Of course, but you have to add it to your favorites to give me a boost in the algo ;)airbnb.com/h/thevermontaframeYou can also find us at www.thevermontaframe.com which has links to direct booking, VRBO and our social media.