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28 December 2024 | 1 reply
A pool can be a big liability, but can also be a bonus for the right tenant that is willing to pay extra for that amenity.
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29 December 2024 | 24 replies
I think if you have a little extra time, operating a smaller STR business can pick up some good income.
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12 January 2025 | 23 replies
Here's an example why:- One of our people made a mistake last year, and entered an expense of $1500 instead of $150 - they accidently typed an extra "0". - Fortunately, our transparent systems allowed the owner to catch it:)- Full transparency - we would have never caught this honest mistake:(An owner also needs to be involved to approve & fund large expenses: maintenance, property tax & insurance payments (if they want to be more hands off), evictions, etc.A great PMC should also have a chat with you annually about your future plans for a property and your portfolio.
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1 January 2025 | 7 replies
Think about all the extra time trouble and cost it takes to turn an ordinary house into a vacation rental...just my two cents though...
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31 December 2024 | 18 replies
We have increased our monthly rent to price ratio from your ~0.75% to 1.1% but the leverage ate up all the extra cash flow (even if the total return is likely higher).You could be a cash buyer and go from your one property to 20 and cash flow 20000/mo but you are still having to buy and manage 20 properties.You can do better on the total cash flow in other markets or rougher neighborhoods, but the story is similar: you are getting an extra ~25-35% in income for 20x the hassle.
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25 December 2024 | 11 replies
It seems like you’d get at least an extra $100/mo and it would pay for itself.
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27 December 2024 | 3 replies
Instead:401(k) loans: They’re low-interest, and you’re paying yourself back.Roth rollovers If you can afford the taxes now, this gives future flexibility.Creative financing: I’ve seen clients leverage partnerships or seller financing to limit retirement fund withdrawals.One thing to consider: real estate markets today are vastly different from a decade ago.. so opportunities may require extra creativity.Have you looked into specific deals yet?
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7 January 2025 | 9 replies
The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!
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26 December 2024 | 4 replies
The home would be about 6 weeks for my team customarily but the outside is large so 2 extra weeks to be safe.
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30 December 2024 | 3 replies
I actually am an attorney, and still send mine for extra vetting.