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21 January 2025 | 10 replies
I found similar patterns between all 5 companies: namely, they had taken on too many units, were over-charging me for things I didn't need, and weren't handling issues correctly (they would send out vendors who didn't know what they were doing, mis-diagnose issues etc.)No disrespect to the PMs on this chain or BP in general, but any third-party manager won't perform exactly the way you would like them to simply because of the constraints they are faced with as far as having so many units and owners to keep tabs on.
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7 February 2025 | 13 replies
This model simply wouldn’t work for me.
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16 January 2025 | 12 replies
Ultimately, I wound up doing a 92-unit deal my first time around and realized that part of the reason I was struggling to win deals was simply because I lacked the credibility to be do so.
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10 January 2025 | 2 replies
Simply put the risk of a non-renewal costs more.
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7 January 2025 | 5 replies
They simply do Fannie, Freddie, FHA, VA, and USDA loans.
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8 January 2025 | 29 replies
We often use zoom showings, but they build on that mutual in-person experience.We don't encourage bottom-of-the-barrel neighborhoods, simply because with 60-120 year old properties capex tends to exceeed cash flow over time aka money pit.
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17 January 2025 | 19 replies
We are more likely to simply reduce our asking rent than offer a concession.FWIW, I did not read the attached article.
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4 January 2025 | 2 replies
Selling makes agents money and the IRS if you don''t 1031, it's almost always better to re-leverage instead.
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9 January 2025 | 4 replies
ways to meet such people would be meetups, or simply walking into some smaller offices, could also ask around to other owners of the assets you are interested in and see who helps them.