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7 February 2025 | 7 replies
Inevitably there will be some "friction points" that you'll have to discuss/mediate, but ultimately if they are not willing to adopt a majority/all of your processes, then I think you mutually set up a date that works for them to move. e.g. 60 days, 90 days, etc...
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7 February 2025 | 40 replies
The process will obviously cost quite a bit more and Safeguard seems to have washed their hands of it completely.
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30 January 2025 | 12 replies
What was your process to lock in on that market?
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2 February 2025 | 5 replies
I picked up the BRRRR method book and feeling confident in setting it all up (we did a similar process for our Airbnbs).
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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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13 February 2025 | 12 replies
Ask them why they decided to buy what they bought - it will give you all you need to know about their thought process and if they can procure a good deal for you.
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21 February 2025 | 2 replies
Ideally, these would be the types of people I would want to work for--the habits, the ambition, the processes, the personalities.
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21 February 2025 | 13 replies
I doubt we will buy off the MLS but I am trying to find a good way to visualize MLS data so that I can plan our next purchase and get a "steal" that I will have instant equity or rehab for equity with the goal of getting a decent HELOC going.Because real estate values are so location based, it is hard for me to process the data on a spreadsheet, because I'm constantly trying to project it onto a map in mind.To know if what I'm looking at is a deal, I would like to be able to see $/sq.ft. data visualized on a map with either current listings or preferably sold properties.
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20 February 2025 | 21 replies
KC can get tricky with tenants and the eviction process so having a PM who knows the lay of the land is worth it.
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2 February 2025 | 10 replies
:Before you go too deep into the process, look at how long the period of time is for the system to recover its cost from operational profit.