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27 March 2024 | 18 replies
-You may need to find longer term accommodations for your tenants.Hopefully, you weren't foolish and trying to DIY manage it remotely on your own.
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25 March 2024 | 7 replies
We definitely will approach it with the standpoint of needing a team in place and not DIY-ing our way through it.
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25 March 2024 | 5 replies
Are you going to try to DIY the flip also?
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24 March 2024 | 6 replies
@Stephen Montez from what we see here on BP:1) Investors NOT knowing how to get properties under "market" value.They all expect to pay price in MLS and cashflow.2) Not taking the time to understand different property classes and their pros & consThey often buy a Class C rental for the low price, yet expect Class A results.3) Trying to DIY manage without doing their homeworkThey try to penny-pinch, yet their mistakes cost them dollars.
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26 March 2024 | 27 replies
Not many can do this, so you're better off with an experienced landlord-tenant attorney.So many posters on this site trumpet DIY management as being so easy and slam PMCs - where are their responses to this "easy" situation?
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25 March 2024 | 118 replies
Many OOS investors set themselves up for failure because they don't truly take the time to understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.
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23 March 2024 | 14 replies
@Chris Dawson - I just finished a CSS Decision Diagram flowchart intended to bring together all the various questions when assessing the benefits of a CSS (via a professional or DIY).
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23 March 2024 | 8 replies
Test and repeat on different areas. fill hole with caulk or epoxy filler.This should be last recourse diy prayer.If you have no choice but to tear out the shower wall, that will be another topic.If you have high water pressure (above 80psi), try reducing it to 60-70psi.
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20 March 2024 | 9 replies
You can also find a local investors group and network with DIY landlords.
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21 March 2024 | 12 replies
I am biased because I sell professional services but if you do not get value from your advisors you can always go back to DIY.