Michael Tompkins
Looking for advice
26 May 2024 | 28 replies
Seeing the place where you made so many memories with your family trashed, and then going through the emotional turmoil of repairing and remodeling it, knowing it will eventually just get trashed again...are you prepared for that?
Zach Ragle
Lake Tenkiller, Oklahoma
24 May 2024 | 13 replies
My son graduated Oklahoma State last December, and has some great memories of church and fraternity retreats at Tenkiller.
Halle Hughes
Senior Living Single Story
23 May 2024 | 7 replies
I'm opening a senior memory care home in CT.
Ismael Ayala Jr.
Risk of obtaining 3rd property
24 May 2024 | 10 replies
Just take a picture of it, save it to your screen saver on your computer, and you can enjoy the view as often as you want.
Matt Bowman
Paid help to furnish STR with pre-owned local deals
22 May 2024 | 6 replies
Late last week we went live on booking platforms, and while reservations are slow, we received our first booking for Memorial Day weekend.
Phil C.
Section 8 tenant refuses to sign rent increase form
21 May 2024 | 12 replies
From memory we never had the tenant sign a form for rent increase.
Skyler Lehman
Property management Pricing
22 May 2024 | 19 replies
Regarding if you should DIY manage or hire a PMC:Many new investors read a couple of posts and then think self-managing their rental property, and avoiding PMC charges, is an easy way to boost their ROI.The reality, is that many of these investors really haven’t taken the time to properly understand what it takes to properly manage a rental property and the corresponding tenants.Here’s a list of some of the requirements to properly manage a rental property:Knowledge of all local municipality, state and federal landlord requirementsIntimate knowledge of all Fair Housing statutesUnderstand all federal privacy laws, as they’ll be handling social security numbers and IDsProper business insurance in the event their computer is hacked and or they improperly dispose of tenant data.Where to advertise their rental, other than ZillowWriting ads compliant with Fair Housing statutesCreating a process to accept calls/texts and schedule prospects to show their rentalA rental application and application fees that meet all local and state requirementsKnowing how to screen applicants to avoid professional tenants and the growing amount of fraudulent dataA lease compliant with all local, state & federal lawsUnderstanding local and state requirements regarding security deposit collection and holdingRent acceptance options for tenants and accounting system to track, including late fees, etc.Plans to handle nonpayment of rent issuesKnowledge of their local eviction laws or access to an attorney familiar with evictionsHow to accept, track and respond to tenant maintenance issuesBuilding a list of handymen and contractors for maintenance and turns between tenantsExpertise at evaluating tenant damages to charge against security deposit when tenants move outResearching local utility requirements to avoid suspension of services that could lead to frozen pipes or flooded basements, etc.
Isan Sahoo
What's the STR forecast for 2023?
24 May 2024 | 100 replies
I had a condo unit listed for one of them and they just decided last week not to sell after seeing a flurry of bookings on their AirBNB site.As others have mentioned, the middle class might spend less on restaurants and pricey gym memberships during a recession, but they still need to recharge and still want to make family memories with their kids.
Eryn Garcia
College student rental pros and cons
20 May 2024 | 13 replies
(at least that is where it is located on my windows computer)
Brandon E
Chatrooms for Real estate investors
19 May 2024 | 39 replies
There are users out there (me being among them) who do not shut down the browser and do power down computer; they would seem to always be online as long as the site is up and running, and the network stays in connected state between user and BP.