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18 November 2024 | 14 replies
We’re one of the few property managers that require W-2’s and a bank statement and we go way beyond the traditional, “income must = 3x rent” qualifier.Below is more information about what our Applications Department does to screen applicants and find the best tenants possible for your property.Required InfoWe require the following from each applicant over the age of 18, that is not a dependent of another applicant (as evidenced on a tax return):Copy of acceptable state picture IDRecent YTD paystubRecent W-2Recent Bank Statement, all pages, no info blacked outRecent tax return if self-employedApplicants are often slow about turning this information in, asking us why we need it and then taking several days to submit.
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14 November 2024 | 4 replies
RE is a get rich slow game and there are increasing number of people talking about how difficult it is to retire from your day job even with large numbers of rentals because cash flow is thin.On the one hand there is the Small But Mighty portfolio mentality which I believe is a book in the BP store by Chad Carson.
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15 November 2024 | 12 replies
Also remember that we are getting to the slow months to lease up properties and it may take a while.
19 November 2024 | 15 replies
The pm is super slow and manages to blame us for something a contractor does.
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20 November 2024 | 28 replies
I'd rather be slow but accurate rather than fast and inaccurate.”This is in violation of Ohio Statutory Law governing the management of residential real estate properties.
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12 November 2024 | 8 replies
I think a slow-and-steady approach is great, especially as you learn the ins-and-outs of the market.
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15 November 2024 | 9 replies
And, especially if your goal is to build a portfolio to live off of, bad deals (and even marginal deals), will keep you from achieving that goal much more than slowing down and waiting for better deals to surface.But beyond that, I also find I get most burnt out when I am invested in deals emotionally and with time.
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9 November 2024 | 17 replies
You can not hold them until your death and leave them to your heirs tax free, they must withdraw them and pay massive taxes or sell them.
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12 November 2024 | 5 replies
Connecting with local investors is next on my list and as slowing looking to narrow my markets.I look forward to chatting in the future!
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15 November 2024 | 18 replies
That's come full circle because that's what I should have done (no offense to anyone investing in the Midwest but I'm doing the slow exit out of Indiana, already sold one property).