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3 February 2025 | 6 replies
If you're willing and able, I do recommend the "house hacking" strategy which is just a fancy name for buying a rental property and living in one of the units, because you'll get very favorable financing - an owner-occupied fixed-rate 30-year mortgage.I'd also say, analyze that property as if you won't live there and it's a pure rental, and make sure the property is still cash flow positive if there's a tenant in your unit because then you'll know if it's actually a good investment.And when you analyze it, include payment of a property manager in your #s because if you don't, and doing so would make it go cash flow negative, then you've just bought yourself a job because you literally can't step away from managing it without losing money.
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5 February 2025 | 7 replies
I’ve been in the industry for several years, and my work has given me a solid understanding of property systems, maintenance, and what makes a home a great investment.I’m now looking to expand my own real estate journey by learning how to acquire and manage short-term and long-term rental properties.
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6 February 2025 | 8 replies
Set your investment criteria, systems, and rules—and stick to them.2.Tenant management is all about structure.
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7 February 2025 | 7 replies
Some places (including my own market) require an out of area owner to use a local property manager.
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21 January 2025 | 40 replies
@Alison EvansI could not imagine managing 48 doors!
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6 February 2025 | 10 replies
I ended up getting around 9 deals under-contract, while constantly being pressured by my manager to get more deals under-contract or he would publicly mock us in front of everybody.
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16 January 2025 | 8 replies
I think property managers can.
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7 February 2025 | 14 replies
There are short-term rental management companies that can help with that.One that I work with in Michigan covers the entire state and can advise on local short-term rental regulations or regulations that may be on the way, they can give you an analysis of the demand for short-term rentals in that area, nightly rates in that area, monthly occupancy percentage, and projected monthly income.They also let you choose the level of service you would like from them from full service to minimal.To your success!
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3 February 2025 | 4 replies
I had a client who actually decided to pursue converting the house to a boarding house to avoid any problems in the future.
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31 January 2025 | 3 replies
Also, any advice on managing budgets for PPC in the real estate sector would be really helpful.Thanks in advance for any insights.