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26 June 2020 | 199 replies
We have meetings every week, along with trainings, house tours etc., and we consist of everything from total newbies to seasoned investors who have done hundreds of deals.
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13 February 2023 | 9 replies
Why not come out and take a tour of these 15k-30k and just see how "lovely" they are in person.You get what you pay for in real estate, so keep that in mind.
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31 October 2020 | 34 replies
I see alot of sites are giving the option for virtual tours, how can you adequately evaluate a property on a virtual tour?
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3 January 2022 | 150 replies
Bad plan man, I used to drive the horse carriage tours in a Charleston and know the market intimately.
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24 April 2020 | 13 replies
We have given quite a few tours to out-of-town clients, and the resounding feedback is always about how surprised they are at the difference in areas/neighborhoods.
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23 April 2019 | 4 replies
.#2 Explore Lowes and Home Depot to Learn About Material PricingTake a tour through Lowes and Home Depot (or their websites) and look at finishes materials and fixtures that you will consider using in your rehab projects.
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1 September 2022 | 7 replies
>Tenant Procurement/Placement – could be percent of monthly rent or a flat feePictures, 3D Tours, etcAdvertising prep and determining market rentProperty advertisingAnswering inquiries (phone/text/emails/etc)Scheduling showingsShowingsApplication processingLease signings and MoveInsFollowing up on all of the above, hopefully consistently updating owners>Maintenance ChargesCommon: owner agrees in contract that PMC can perform work without owner approval up to a certain threshold (Example $500) or in an emergency.Questionable: owner doesn’t find out about charges below threshold until they get their monthly statement.Hourly – PMC bills at hourly rate depending on type of ServiceTech sentEXAMPLE: Owner billed at $65/hour for handyman workMarkup is hidden in that rate as highly unlikely PMC is paying their handyman the whole $65/hour.PMC or a subsidiary billing – PMC submits bill from their companyEXAMPLE: Owner receives a bill for licensed HVAC work on PMC form.Owner does not get the licensed mechanical contractor bill, so has no idea of PMC hidden markupTransparent – original bills from all contractors sent to owner, PMC charges a pre-approved markup for their time to handle.EXAMPLE: Owner receives a bill for licensed HVAC work on contractor’s form.Only challenge is some PMC’s get illegal kickbacks from contractors owners don’t seeThere are then many different IF -> THEN fees to cover evictions, emergencies, filing insurance claims, etc.WARNING: never assume you won’t be charged for something unless it states so in the management contract!
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3 February 2022 | 12 replies
When touring a prospective property some good questions can be; who lives here, why do they choose to live, what has the renovation scope been, what are the most recurring fixes and issues, what was the covid effect on the property.
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18 August 2023 | 7 replies
How many deals did you have to analyze and offer on and tour to get the 2-3 you have now.