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15 January 2025 | 49 replies
Does the Stessa membership offered through BP Pro include all Stessa Pro features or just a select list of upgrades?
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16 January 2025 | 6 replies
This is not yoursituation, but just to walk through the different thought processesin Holding/Selling that a friend of mine is going through.Helped my friend getinto the Self Storage business and walked him through the wholeprocess from evaluating the market, selecting a site, developing thesite, systems, financing, insurance, etc.
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16 January 2025 | 5 replies
The resources and books you mentioned, like the BiggerPockets Ultimate Beginners Guide and The Book On Rental Property Investing, sound like excellent starting points.Prioritizing financial stability and eliminating debt is crucial, and I agree that a solid financial foundation is key to successful investing.
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12 January 2025 | 10 replies
Excellent...but you have to know where to invest.
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12 January 2025 | 23 replies
New occupants will be coming soon, but in a 3 family, i have set of excellent student tenants that renewed.That said, many landlord insurance policies have exclusions for students, so I am trying to gather info on updating a policy to consider the fact that the building is only going to be 33% student occupied.
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7 January 2025 | 8 replies
To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!
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20 January 2025 | 31 replies
The secret is tenant selection, and finding good tenants in the program.
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9 January 2025 | 18 replies
A sub S election will probably block the free stepped up basis benefit though.
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30 January 2025 | 19 replies
In MN, where it's really normal for a tenant to tour 10, 20, 30 units before selecting one and getting it, yikes $500.
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14 January 2025 | 27 replies
This has also allowed us to provide some excellent incentives for our investors, locking in long term debt currently at 3.75% through our in house financing program.