Colton Kotylo
Getting Out of The Contract
6 October 2024 | 49 replies
It's like using your ex's lawyer to draft the divorce papers then just signing them blindly without getting your own lawyer to review and negotiate.
Rafael Ramos
Where to invest?
3 October 2024 | 14 replies
Regarding the other comment, I would strongly recommend using a PM, while on paper they "cut into profits", I believe they save you money (and time) in the long run if you have a good one.
Jorge Lee
Questions About Section 8 in Philadelphia
30 September 2024 | 2 replies
Section 8 sounds great on paper but there are a lot of things to consider.
Jason Xenakis
How do you effectively choose a real estate agent: The Real, Real Estate Agents?
3 October 2024 | 46 replies
B Class properties - they usually can breakeven on paper, don't necessarily need a PM but if the deal can still work with them, then they're beneficial to keep on.Are you self managing a C Class property in Indianapolis or did you need to find a property manager/leasing agent afterwards?
Elizabeth M Gunther
Detroit property management
1 October 2024 | 24 replies
My A class that I own I self manage I have a RE agent that puts them up they find a tenant I require 700 plus fico so that weeds out 90% of renters and then I set them up on auto pay and if they have an issue we send handyman.. to be fair my units are basically new construction and townhouses in HOA's in the Desert ( vegas) so there simply is not a lot of maintenance. there is A class in every city its just that investors get so focused on positive cash flow they dont buy those for rental purposes so they miss out on the best rental tenants.. the higher the cash flow on paper the lower the quality of the units.. its a fact..
Jason Turgeon
Real Estate Accounting Winner: REIHub
29 September 2024 | 13 replies
Here is a list of all the stuff I love about REIHUb, and why I'm paying them $25/month even when there are plenty of other options that are cheaper, offer more features (on paper), or both:Their bank account import is flawless, with none of the sync issues I had with Quickbooks or Stessa.
Chris Seveney
Do Not Be This Guy... When $0 down hurts
1 October 2024 | 23 replies
I want to use the equity in my CA home for the downpayment"me: "gasp" there was very popular post a few years back and LA based investor took out a large HELOC on their personal residence so they could buy 8 units in a mid west city.. that he admitted were D class and on paper the cash flow was huge etc etc..
Nida Kazmi
Mid South Turnkey Homes. Should I invest with this Memphis turnkey?
2 October 2024 | 31 replies
@Nida KazmiI don't know anything about these companiesBut you won't "cashflow day 1" Maybe on paper - but not in the real worldSet expectations accordingly
Katie Miller
Zillow Requires A Valid Listing Agreement
3 October 2024 | 23 replies
Paul McCommas who made over $26M in only 3 years selling paper, not properties.I won't be coming here for advice anymore.
Colt Clark
gift baskets for first time tenants
23 September 2024 | 19 replies
NEW TENANT GIFTSHere's what we give new tenants.....Cleaning Bucket with Cleaning Supplies:white vinegar, baking soda, awesome degreaser, disinfectant wipes, carpet spot cleaner, magic eraser, all purpose cleaner, scrub sponge.Tote Bag with Useful Items and Tools:hand soap, paper towels, plastic garbage bags, toilet paper, toilet plunger, Zip-It (strip for clearing hair clogs from drains), plastic clothes hangers (6), shower curtain liner (good quality cloth one), laundry detergent, dish soap/dish detergent, cutting board, "Freeze the Grease, Save the Drain" kit, “Recycle” bag for collecting materials for recyling, magnet with our name and contact information, picture hangers.Refreshments In the Fridge (for move-in day): several bottles of water, healthy snacks, bottle of sparking cider with a welcome note attached.Larger items: Welcome mat, shoe tray.