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24 January 2025 | 12 replies
@Walter PinedaEven if someone give you a referral, what meets their expectations, may not meet yours.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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6 January 2025 | 4 replies
Quote from @Melissa Conner: If you are an agent that is a landlord or you work with owners of rentals- you/they Just called Melissa.
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17 February 2025 | 17 replies
We simply charged 1% service fee.. so if the coupon ( in those days was 15%) We dragged 1% and divided up 14% to our fractional owners..
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30 January 2025 | 13 replies
Usually the numbers don't work to build in these neighborhoods, unless government tax credits, etc.CCLBA has really cheap parcels for sale for owner occupants.
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7 February 2025 | 11 replies
But if you have an owner-occupied policy while not actually living there, then you don't have the right insurance and may not be covered.
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17 February 2025 | 5 replies
This is what happens when owners go with the cheapest PMC services they find, yet have no clue how the services actually work.- The new PMC you want to hire will have to increase your Placement Fee, so they can offer a commission to an agent that brings then a tenant.
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16 February 2025 | 20 replies
Either the owner can pay or the buyer.
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28 January 2025 | 0 replies
Love to keep relator out of it, but may need realtor to find a next deal for me as a duplex up to 4 plex on VA loan/owner occupy.
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15 February 2025 | 21 replies
You make $10k from STR, you have to come up with $22k out of your pocket, not to mention the upfront $100k down payment and possibly another $20k to furnish the house unless you bought it as an existing STR.So in summary, in today's market, it's impossible to buy a STR and be a passive owner and still make enough profit to cover your mortgage payment.
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9 February 2025 | 12 replies
I would also add that you join your local REIA chapter (Real Estate Investor Association) as it will allow you to network with other STR owners and get more location-specific information.