Kyle Carter
How to build a out of state team
7 January 2025 | 8 replies
Since they are responsible for maintaining the relationship with you after the transaction closes, this approach adds an extra layer of confidence and security to your investment.If you can't find an investor agent that you like or trust that is also a Property Manager or works under a brokerage that has a Property Management Division, I would ask the agent if they recommend a Property Management Company.
Evan Ross
Managing rent increases
30 December 2024 | 11 replies
This letter serves as official notice in accordance with your rental agreement.Even after this increase, we believe we are still at or below the average market rent for a unit of this type and hope you agree.
Michael Plaks
Crazy technicalities: how the IRS defines your age. Spoiler: it depends.
29 December 2024 | 1 reply
When parents employ their minor child, the child is exempt from Social Security and Medicare (aka FICA) - if under 18.
Lyons Library
New Investor in Multi-Family Real Estate Looking to Learn and Partner
29 December 2024 | 2 replies
I’m not claiming to know it all—I’m here to learn, build relationships, and grow.Here’s what I bring to the table:A strong understanding of leveraging Net Operating Income (NOI) to secure financing and reduce out-of-pocket costs.Experience in negotiating deals and identifying opportunities, especially in the LA market where many multi-family properties are under $2 million.Skills in managing larger properties, from scheduling repairs and upgrades to optimizing operations for long-term value.The ability to use AI tools for data analysis, market insights, and deal projections to help us act quickly and efficiently.I’ll be upfront—my funds are limited after dedicating the COVID years to supporting my family, but I have the work ethic and expertise to find and manage properties that perform.
Sami Gren
WHAT to do when adding a tenant to an existing lease?
7 January 2025 | 16 replies
It depends on a lot of factors; primarily the local jurisdiction rules that may limit lease changes (in Portland/Oregon rent, security deposit, screening fees, an no-cause evictions are heavily regulated).
Matt Weddon
Legally Rejecting Applications
2 January 2025 | 18 replies
Ask for higher security in person have them back out on their own if they still want the place you will be safer with more security
David Shaun
Hit $200K in Cash Flow in 2024
16 January 2025 | 38 replies
Thank you Eric.In addition to the rental properties, my wife and I have a paid off house, paid off car, and about $1.4m in retirement accounts, brokerages, and savings.We live in a HCOL area and our expenses are $9.5k per month even though we live pretty modestly.I set out initially to have real estate pay for at least some of my expenses in order to give me more freedom and financial security.
Dominic Holt
Property Management Recommendations AZ?
31 December 2024 | 10 replies
-When a tenant moved out, the management company refunded their security deposit but failed to account for damage, such as holes in walls and outlets ripped off the walls, leaving me with repair bills and also tenants moving in without the repairs being done.Stuff like this that is consistent and when I ask questions they are defensive, when I ask for more quotes for high ticket items they are defensive.
Ahshar Sylvestre
Open code violation list
23 December 2024 | 15 replies
Most of what I’ve read you obtain the code violation list from a city official but it sounds more like you are purchasing the list from an external source?
Lilia Matlov
Investment needs to focus on the quality and potential of real estate
27 December 2024 | 8 replies
Yes, you bought what seems like a good deal on paper, but in reality, you own an old apartment building in a neighborhood with poor security, possibly surrounded by long-vacant shops, streets piled with garbage, and a poorly managed community.