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21 January 2025 | 35 replies
@Drew Sygit The verbiage in our management agreement is as follows: make, contract, and/or supervise repairs, alterations, and/or decorations to Property; to purchase supplies and pay billstherefore; Broker agrees to secure the prior approval of Owner for all expenditures estimated to be in excess of $500.00 forany one item, except monthly or recurring operating expenses and/or emergency repairs in excess of the maximum, if inthe opinion of the Broker such repairs are necessary to protect the property from damage or to maintain services to thetenants as called for in their leases; in the event that Owner is unreachable after multiple contact attempts for more thanforty-eight (48) hours to approve a repair in excess of the above amount, Broker shall be considered authorized to makesuch repair.I've been contacted about high ticket items in the past but these "make readys" are done without approval.
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20 January 2025 | 31 replies
This just protects our investment until probate is finished.Get creative with your offers you never know what will interest a seller.Have a conversation and find out their needs if you can before making offers.
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11 January 2025 | 12 replies
Where is vacancy, maintenance/cap ex, asset protection, PM (include it even if self managing as you deserve to be compensated for your efforts), utilities, misc.
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14 January 2025 | 18 replies
Another key benefit is diversification; an SDIRA allows you to include real estate in your portfolio, reducing risk by spreading your investments across different asset types, which isn’t possible with a standard IRA.Moreover, assets in an SDIRA often enjoy protection from creditors, adding a layer of security to your investments.
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26 January 2025 | 48 replies
Greetings All,@garrettbrownI was fully stocked in linen and glasswares, silverware, knives, speakers andcabinets were full now sparse.maintenance and cleaning are time consuming even with help.Noticed prices are much lower now.
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6 January 2025 | 6 replies
Framing your position as fair such as explaining the difficulty of finding renters during off-peak months - might help maintain a positive relationship and reduce risks of property damage.Prepare for What’s NextEven if the tenant moves out early, ensure you’re protected.
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18 January 2025 | 19 replies
Also, take as many pictures as possible before the tenant moves in, again this protects you in case of damage caused by tenant.
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30 December 2024 | 10 replies
Wholesaling can definitely be very time consuming, but it is possible!
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5 January 2025 | 9 replies
Also make sure to have owners add you to their property insurance policies, so you have liability protection.
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30 December 2024 | 4 replies
It's not your fault that the tenant has to vacate, so the tenant should have insurance to protect them against any additional expenses.