Madelyn Felix
Remote property access and cameras for self-guided tours?
20 November 2024 | 23 replies
It seems like the cost of smart locks, WIFI, cameras and installation would be about $600.
Erich Hatch
Estimating Rehab costs
26 November 2024 | 9 replies
If you're not experienced with rehab costs, then having a GC walk the property with you and providing quotes is a smart move.
Zach Rumfield
Family cabin in the mountains next to a major ski resort. Why not AirBnB?
22 November 2024 | 15 replies
I think guests hardly ever damage things intentionally, but when you have luggage coming in and out all the time and little kids running around a "new place," there IS a lot more wear-and-tear, scuffs/dents/scrapes, and broken glass.
Collin Hays
A refresher on what to look for when buying in the Smokies
7 December 2024 | 14 replies
But that should be a buying indicator for a smart investor as you can get some really good deals on the bigger ones.I actually saw a 5,000 sq ft cabin (maybe 10 years old) that sold for just under a million.
Charlie Martin
Purchase under an LLC or not?
25 November 2024 | 7 replies
In real estate (and probably other industries) this is referred to as a Single Purpose Entity, and it's usually a smart move.
Ryan Leake
Why Guest Reviews Matter (and How to Get More 5-Stars!)
22 November 2024 | 5 replies
A smart lock or lockbox can make their arrival seamless and stress-free.Act on Feedback: Show guests you value their input by making improvements based on reviews.
Nathan Gesner
Are rents dropping in your market? You are not alone.
28 November 2024 | 26 replies
A fourth got four accepted clients, and during the lease signing, they all bailed and the client smartly pivoted to MTR.
Brandon Brock
Eddie Speed Note School
7 December 2024 | 150 replies
There may be a few who may make smart azz comments about this, but they have no clue, this is a very serious side of finance.You need enough to enforce collections, pay for an attorney to foreclose, fees are often limited by law for a trustee to 10%, so a 60K note could be 6K to the trustee and there are other costs.
Sarah Moore
Crazy Idea to get started. What do you think?
24 November 2024 | 19 replies
This can lead to more opportunities and partnerships.Market Understanding: As a property manager, you'll gain a deeper understanding of the local market, which can be invaluable when you start acquiring your own properties.Steady Income Stream: Property management can provide a consistent income, which can be particularly beneficial in the early stages of your real estate venture.Skill Development: You'll develop a range of skills from customer service to maintenance oversight, which are crucial for successful property ownership.Brand Recognition: Establishing a presence as a reliable property management company can boost your reputation, making it easier to attract tenants and investors when you start acquiring properties.Cons:Time Commitment: Property management can be time-consuming, especially if you're dealing with multiple properties or demanding clients.Regulatory Compliance: Staying compliant with local laws and regulations requires diligence and can be complex.Conflict Resolution: Dealing with tenant issues and conflicts is an inevitable part of property management and can sometimes be challenging.Financial Risk: There are financial risks involved, including late payments or damage to properties.Market Fluctuations: The property market can be unpredictable, affecting both rental income and property values.Overall, starting with a property management company can be a smart way to enter the real estate space, especially in an area with a clear need for such services.
Nicholas Nocella
New and Hungry!
22 November 2024 | 14 replies
I think what you're doing with your plan for your future is very smart and hope to contribute to your goals.