Nida Kazmi
Mid South Turnkey Homes. Should I invest with this Memphis turnkey?
2 October 2024 | 31 replies
Hi Nida,I'm a bit late to the party but better late than never I guess lolIn the search bar here on Bigger Pockets or even a Google research will reveal a lot of info about certain companies.I'd always like to joke around and say that "Google is your best friend" when looking to work with someone new lolI'd like to second Jason's comment who has been around the turnkey game for a long time and has probably conducted due diligence on many if not all turnkey providers over the years.Not many have stood the test of time and I'm proud to say that we have.Not intending to plug my company as we have many battle scars that started from day 1.But still here and still battling away 🤓Why we survived and thrived unlike many others was keeping our operation small and boutique and only doing deals on our terms.Low volume sales and thorough investor pre-qualification (As not everyone that has a pulse is necessarily a good fit for what we can provide).Some investors did better than others but one thing I can happily say is that we always did our best for all.I believe a very important component to any "true" turnkey company is that the penny ultimately drops must drop with them.Meaning, if you invest and things don't go the way as planned it is entirely up to them to rectify.No finger pointing or passing on the monkey to someone else (Like a realtor, contractor or PM).A true turnkey company stands behind it's properties, rehabs and in-house property management.Key phrase here is "in-house property management".Everything must be under the same roof and the provider must take all responsibility for the outcome of that investment.Wishing you much success
Andrea Galvez
5% downpayment for a 6+ unit building?
30 September 2024 | 10 replies
The catch is the self-sufficiency test.
Charles Mayer
Key Tips for Hiring the Right Property Manager for Your Rental Properties
2 October 2024 | 2 replies
Sometimes for 12 months, hopefully for years.This ongoing transaction (relationship) is much harder when things are disjointed, expectations aren't met (or properly set), people are curt, or worse.Find a PM that passes the sniff test of someone you want to build that relationship with.
Michael Plaks
EXPLAINED: "Real" cost segregation vs. DIY cost segregation
30 September 2024 | 9 replies
The IRS expects your cost seg report to be "factually intensive", "supported by corroborating evidence" and performed by a "qualified individual.”
Michael Belz
Airbnb Management & Staging Fees - Is This Standard?
2 October 2024 | 16 replies
Again, thats a no brainer.Getting units ready for rent is much more time intensive than you think.
Shubham Porlikar
Determine purchase power
1 October 2024 | 12 replies
Typically I would run a stress test to assure what my max purchasing/borrowing power would be because there are multiple factors that could influence your borrowing power such as house market prices, rates, income, liabilities.
Jeffrey Hodges
Anyone using Virtual Assisstants for sourcing deals
1 October 2024 | 5 replies
Yes I pay more for her (around $10/hr) but you get what you pay for.If people message me happy to provide company name, what they do is they find the VA's and have them take Culture Index and other tests and they prescreen them, then you interview them and select the best fit
Tanya Maslach
Help me analyze this deal
1 October 2024 | 6 replies
I've been buying and holding for SFH's rentals for 15+ years, but my goals now are Cash flow (70%) and Appreciation/Equity (30%) so I can invest faster/grow more in shorter periods of time.I ran this: View report on BP as a really rough test for investing in this property (3-plex, but also offers an attached 3-plex for consideration).
Brent Salazar
STR Insurance & Holding Title
4 October 2024 | 8 replies
But I decided to test the Air BNB venture.
Jason Xenakis
How do you effectively choose a real estate agent: The Real, Real Estate Agents?
3 October 2024 | 46 replies
And that should be test #1, because if there experienced in this you will not be the first asking such so there reply should feel as though they've answered this 100x before, right.