Edward Toomey V
5 months using RentRedi and I HATE it
19 January 2025 | 55 replies
.: referring to RentRedi Me too.
Bob Asad
Has Anyone Done Tax Deed Auctions in FL?
11 January 2025 | 6 replies
(are you referring to zoning?)
Kenyatta Barthelemy
Starting out in New Orleans/ Baton Rouge
27 January 2025 | 21 replies
I would advise to look on here and try to connect with a seasoned investor in your area and maybe they can refer you to one.
Tove Fox
Residential vs. Commercial Real Estate Investing?
5 January 2025 | 13 replies
@Tove Fox - Residential Real Estate InvestingPros:Lower Entry Costs: Easier to get started with less capital required.High Demand: People always need homes, making demand relatively stable.Easier Financing: Mortgages are generally easier to secure with favorable terms.Simplicity: Easier to understand and manage, especially for beginners.Flexibility: You can use it as a personal residence or rent it out.Cons:Tenant Turnover: More frequent turnover leads to vacancy and more management.Lower Cash Flow: Income potential can be modest compared to commercial properties.Emotional Buyers: Residential prices can be influenced by emotions, leading to price volatility.Maintenance Burden: Landlords often deal with repairs and maintenance, which can be time-consuming.Commercial Real Estate InvestingPros:Higher Income Potential: Stronger cash flow and higher returns are common.Long-Term Leases: Tenants often sign longer leases (3-10 years), reducing vacancy risk.Professional Tenants: Business tenants tend to take better care of the property.Valuation Based on Income: Prices are based on the income the property generates, not market emotions.Shared Costs: Tenants often cover property expenses like taxes, insurance, and maintenance (via triple-net leases).Cons:High Entry Costs: Requires more capital or partnerships to get started.Complex Management: More expertise is needed; you may need a professional property manager.Economic Sensitivity: Commercial properties are more sensitive to economic conditions.Challenging Financing: Securing financing can be harder, with stricter terms and higher interest rates.Zoning and Legalities: More complex regulations compared to residential properties.Key Differences:Risk: Residential tends to be lower risk, while commercial offers higher rewards but with greater risk.Management: Residential is easier for DIY investors, while commercial properties usually require a team.Scalability: Commercial properties are easier to scale, offering more potential for significant cash flow increases.
Valentin Diaz
Fire Code Compliance
6 January 2025 | 3 replies
Fire marshall should have provided something in writing to you either a list of what needs to be done or reference a code.
Hitanshu Shah
PM has breached contract; legal options for Out of State Investor?
15 January 2025 | 7 replies
-------------------------------------------------------------------------------------Recommend 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.
Bree Jimenez
Hi everyone, excited to be apart of this community.
28 January 2025 | 22 replies
Thank you so much, I will be adding you to my contacts for future references.
Austin Wolff
Does Oklahoma really have the highest insurance in the nation?
11 January 2025 | 15 replies
For reference personal rez is 3K sq ft.
Toby Khan
Wichita, KS Investors
9 January 2025 | 107 replies
Originally posted by @Toby Khan:Hey guys-if you can refer me to lawn service companies-who you use, are they good-that would be great.
Patrick Pan
How to find concealed eviction records
31 December 2024 | 17 replies
@Patrick Pan, if I was operating in a state where that was a concern I would just contact their current landlord for a reference.