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24 January 2025 | 12 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
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18 January 2025 | 17 replies
On some older properties where perhaps you have one water meter for 2-3-4 units or one gas meter for 2-3-4 units, or units that share hot water, something like that the owner might pay.
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4 February 2025 | 9 replies
For example, if she can't visit the property, is she good at record keeping (so everything is organized at tax time) or finding vendors, comparing product prices, finding free or low cost items on Facebook marketplace to improve the rental)3. emergency fund.
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20 January 2025 | 7 replies
I am going to continue to analyze the market until I am absolutely ready to buy with ample reserves and more specific analysis on comparable properties.
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27 January 2025 | 6 replies
It’s a little more work to set up, but if you get a solid property manager, it’s not as scary as it sounds.If I were you, I’d keep digging into the Capitol region, NJ, and CT—compare the numbers, and maybe even start building connections with agents or wholesalers in those areas.
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7 February 2025 | 12 replies
In my experience it's easier to liquidate single family homes compared to other asset classes, that's why I like them better.
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31 January 2025 | 10 replies
The interior will need to be repaired and repainted.I've done several 1900 - 1920's and while they usually have good bones, the electrical can be underpowered for today's needs, and the water lines can be corroded galvanized or even lead.
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24 January 2025 | 0 replies
Even during the financial crisis of 2008, Germany'sreal estate market remained relatively stable compared to other European countries.
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15 January 2025 | 2 replies
If you can manage to keep up with the real estate market in these markets that we have come to hit, and still be able to navigate the unchartered waters.
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26 January 2025 | 21 replies
My cleaners take a video after every turn, my team goes in to check everything is good after cleaning and record salt and PH level logs and I have a licensed plumber who is in charge of maintaining plumbing, water heater, and boiler system with logs.