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26 February 2018 | 3 replies
depends on your holding timeframe. the 10% capex rule comes from the idea that in the long run, your repair costs will average 10%. maybe you have no repairs for ten years, then in the tenth year you have repairs equal to 100%, your average is 10% per year. if you plan on selling in your fifth year, no harm in factoring in slightly less. if you keep it forever, will you start at 5% and raise it over the years?
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9 February 2022 | 5 replies
., so my sending you the one used in Texas would or could do more harm then good.
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31 December 2022 | 6 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
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14 July 2021 | 11 replies
You might want to read our series about “How to Screen a PMC Better than a Tenant”, since selecting the wrong PMC is usually more harmful than selecting a bad tenant: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processes
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19 June 2023 | 11 replies
At the end of the day, if the tenant chooses to respect both of your demands and use edibles, what’s the harm?
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18 May 2023 | 14 replies
I feel like this is a great strategy assuming your cashflowing for those first six months... what's the harm?
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20 January 2021 | 142 replies
Yes I agree, I’ve witnessed this and it’s harmed my family I want you to continue this topic with me after I give you a detail of what happened to my grandfather.My grandfather, worked for “ DICKs sporting goods “ for 11 consecutive years, was randomly fired and replaced by a 23 year old one day.
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26 March 2022 | 8 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
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6 July 2021 | 2 replies
Not familiar with the area, but you might want to read our series about “How to Screen a PMC Better than a Tenant”, since selecting the wrong PMC is usually more harmful than selecting a bad tenant: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processes