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15 January 2025 | 10 replies
Not the cash flow play a lot of people expect.
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23 January 2025 | 6 replies
In this area, can expect around $4K/mo for units such as this.
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22 January 2025 | 15 replies
@Jay Fayz for SFR (1-4 family) Classifications are mostly opinion-based.Not aware of anyone tracking eviction rates, except Evictions Lab nonprofit that doesn't like landlords.Here's some info that might helpt:---------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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11 January 2025 | 14 replies
@Rafael Valdor some advice when screening PMCs-----------------------------------------------------------------------------------------------------Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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30 December 2024 | 10 replies
Nothing worse than walking up the front of the house and having a broken up concrete walkway.
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21 January 2025 | 40 replies
I feel that if I did switch to another software platform like Rentastic, I would have to get a new team, or expect them to learn a new system.What's your thoughts?
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10 January 2025 | 6 replies
Look for books published in the last 2 years as some of the books post 2010 seem to give people unrealistic expectations.
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17 January 2025 | 14 replies
I've owned a 6-unit for about 6 months now, and the water/sewer bill is higher than expected.
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12 January 2025 | 12 replies
A $240k loan amount on a $249k purchase price seems crazy and I'd never expect to produce any net positive cash flow doing this.How are you calculating your property taxes?
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12 January 2025 | 2 replies
PMs can minimize their suffering from unrealistic expectations by showing comparable properties that are on the market for rent and having a discussion with the landlord as to how their property compares and how his property can be more attractive to renters.Landlords are running a business.