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28 January 2025 | 71 replies
Long wait but I got a lot of upgrades for a very low price.
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7 February 2025 | 7 replies
I certainly know that future years the expenses won't remain that low, but wouldn't that be a reality on a property that has a lot of recent improvements?
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22 February 2025 | 0 replies
We also have relatively low expenses (personal expenses, mortgage/escrow on other rental property, and escrow on current property) that are around ~$120k/year.
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10 February 2025 | 4 replies
I've also assumed VA loans where little cash was used (seller had low/no equity).
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19 February 2025 | 9 replies
I've run into some issues where clients get a little anxious over a valuation that came in low or a condition comes up that is fairly minor.
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18 February 2025 | 2 replies
Right now, you have a property with a great equity position, solid cash flow, and cheap debt (interest rate is low).
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1 February 2025 | 3 replies
Here are some trends that could play out, or further develop in 2025.Leasing & Tenant Experience AI-Powered Leasing: Chatbots and AI tools will streamline leasing processes, from answering tenant inquiries to scheduling tours.Virtual Tours & Digital Leasing: These will become even more standard, making it easier for tenants to rent remotely.TechnologySmart Property Management: IoT devices (smart locks, thermostats, etc.) will become more common, improving efficiency and tenant satisfaction.Property Management Software: Platforms will integrate more AI for predictive maintenance, rent collection, and financial reporting.SustainabilityGreen building practices and energy-efficient upgrades will be a major focus, driven by tenant demand and potential incentives.AI & AutomationAI will play a bigger role in tenant screening, rent pricing optimization, and even predicting market trends.Automation will handle repetitive tasks like maintenance requests and lease renewals, freeing up PMs for higher-level activities.I'm sure there are plenty more shifting trends that I haven't mentioned and that are sure to evolve over the next year.
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18 February 2025 | 27 replies
@Jenna ChenHouse hacking a value-add duplex in Atlanta is a smart strategy to build equity while keeping living costs low.
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21 February 2025 | 4 replies
Since you're new, start by narrowing down a strategy—house hacking is a great way to get started with low upfront costs.
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4 February 2025 | 87 replies
My mentor told me I was still charging too low for the value I was providing.