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24 May 2024 | 259 replies
Our factories dissolved or moved in the 90's and 00's and Grand Rapids has reinvented its self as the center for medicine, education, technology and most importantly beer (Beer City).Grand Rapids Michigan has been in the top 10 for rankings in the country for almost 10 years in multiple categories.
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18 May 2024 | 2 replies
Let's explore some effective approaches for managing investment properties:With a Property Manager:Screening and Selecting Tenants: Entrust your property manager to handle tenant screening, background checks, and selection, ensuring reliable renters for your investment.Rent Collection: Property managers can ensure timely rent collection and handle any late payments or lease violations professionally.Maintenance and Repairs: Delegate routine maintenance tasks and repairs to your property manager, who can coordinate with contractors and vendors to keep your property in top condition.Tenant Relations: Property managers serve as the primary point of contact for tenants, addressing their concerns and ensuring a positive rental experience.Lease Enforcement and Evictions: Trust your property manager to enforce lease terms and handle the eviction process if necessary, following legal procedures.Financial Management: Property managers can handle financial tasks such as budgeting, accounting, and financial reporting, providing you with regular updates on property performance.Without a Property Manager:Self-Management: Take on the responsibility of managing the property yourself, handling tasks such as advertising vacancies, screening tenants, and collecting rent.Outsourcing Specific Tasks: While not hiring a full-time property manager, consider outsourcing tasks like maintenance and repairs to trusted contractors or service providers.Utilizing Technology: Leverage property management software and online platforms to streamline processes such as rent collection, lease management, and maintenance requests.Establishing Clear Policies: Set clear policies and procedures for tenants regarding rent payments, maintenance requests, and lease terms to minimize conflicts and misunderstandings.Regular Inspections: Conduct regular inspections of the property to identify maintenance issues or lease violations early on and address them promptly.Building Relationships: Maintain open communication and positive relationships with tenants to foster a sense of community and encourage better care of the property.Whether you choose to hire a property manager or manage the property yourself, effective communication, attention to detail, and a proactive approach to property management are key to maximizing returns and maintaining the value of your investment.
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18 May 2024 | 1 reply
The process must also be continually improved as new technologies come online, laws change, bottlenecks are identified, etc.
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16 May 2024 | 7 replies
The reason you are not having luck is because a very obvious logic yet completely ignored principle real estate investors refuse to acknowledge.Here goes.NOTHING can target motivated sellers.No list, no gadget no software no "Deal Machine", no propstream no NOTHING!
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16 May 2024 | 4 replies
Our difference is we "blend technology with a handshake" - we leverage technology to deliver lower rates than our competitors, BUT we don't compromise on expertise and personal touch.
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17 May 2024 | 6 replies
However, I feel like there's a lot of potential to run into a lot of walls/pitfalls that can cost a ton of time/money if I do this route.At the end of the day, I want to put a lot of emphasis on using the newest technologies to streamline the business as much as possible.
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15 May 2024 | 3 replies
Rently is "triband" from their website "The central core of the Keyless system, the Tri-Band hub technology includes 4G LTE"
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20 May 2024 | 177 replies
Because it has become cheap to service a high volume of investors using technology, there are now more companies doing offerings with low minimums to non-accredited investors using these new regulations (like Cardone Capital, Fundrise, Realty Mogul, etc).What pool of capital is larger: the pool of accredited investor money (what is that, 1% of the general population) or the general public's?
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16 May 2024 | 8 replies
The data shows a significant appreciation in larger homes' prices and a notable interest in luxury and new apartments.Invest in substantial renovations with high-quality finishes, modern amenities, and possibly smart home technology to attract the upper-end market.
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10 May 2024 | 4 replies
Additionally, Greenville benefits from a strong and diverse economy, with thriving industries such as advanced manufacturing, healthcare, technology, and automotive.