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27 September 2024 | 22 replies
@Ryan MarbleOrlando and Tampa are definitely different markets but like most markets, design and amenities tend to be the key players.
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24 September 2024 | 8 replies
@Trenton Pelloquin There are certainly benefits to QBO, including the fact that many in the industry players are using it, which could facilitate delegation of bookkeeping activities and tax preparation.
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23 September 2024 | 8 replies
Quote from @Chase Fritz: I'm on the hunt for a great CPA in the Oklahoma City area.
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25 September 2024 | 22 replies
Most people target a number and it like a greyhound chasing the fake rabbit, you consistently move the needle and never get there.
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23 September 2024 | 13 replies
From what I have seen, only players here in US that go that route are the large funds like blackrock etc.
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27 September 2024 | 48 replies
Big players like FedEx and St.
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25 September 2024 | 14 replies
If you make your life only about chasing money you will eventually end up old, possibly rich, and quite dissatisfied with life.
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21 September 2024 | 69 replies
I never understood it to mean chasing cash flow.
22 September 2024 | 8 replies
Back in the day we carried a balance of $100,000+ that was owed to us and that is now down to only $10,000 or so and we only cover out of pocket if it's an emergency.The PM must have sufficient reserves to do the necessary maintenance work and shouldn't be chasing landlords for money.Just my opinion...Also, a PM's number 1 profit center is maintenance up charge.Landlords don't have much insight and PM's nickel and dime to death on those.If you are suspicious, ask for a receipt so they aren't making up non existent maintenance.Let them make their money tho and calculate that into your expense pro-forma.Otherwise, manage yourself and deal with the $#%^@ that comes with it lol.Multifamily in Ohio, you can get for $25,000 - $35,000 a unit.Drop another $5,000 - $10,000 into the turns and rents should be North of $800pm.Decent area's also.Personally, I wouldn't get out of bed unless I'm making the above numbers.Wishing you much success
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20 September 2024 | 28 replies
@Bryan Melendez you're just one of thousands of investors that:1) Were chasing Class A rentals from 2012-2020, before their values exceeded their pre Great Recession highs and they wouldbnt casflow at purchase anymore.2) That started chasing Class B rentals in 2020-2022 because of #1 above.3) Started chasing Class C rentals in 2022 when Class B rental prices AND higher mortgage rates also got too high to cashflow at purchase.4) Are now chasing Section 8 tenants as the cure-all for Class C tenant performance issues, so their Class C properties ACTUALLY cashflow.