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29 January 2025 | 2 replies
Mail does work however it must get read and more importantly it must have interaction.
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25 January 2025 | 13 replies
That's bad.Personally, I would look for another property manager who understands the importance of communication.
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10 February 2025 | 9 replies
Next steps include analyzing deals, connecting locally, and studying financing options.Good luck!
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17 February 2025 | 8 replies
Prohibited offsite booking activity includes, but is not limited to: Providing contact information prior to booking (phone number, email, website, etc.)
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22 February 2025 | 4 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).
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15 February 2025 | 7 replies
They say they charge 10%, but that doesn't include finding new tenants, renewals, upcharge for maintenance, etc.
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5 February 2025 | 0 replies
This deal reinforced the importance of strategic acquisitions and strong market connections.
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27 January 2025 | 7 replies
Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.
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14 February 2025 | 6 replies
Many investors prefer to work with experienced local property managers to oversee day-to-day operations and ensure the property is well-maintained.For apartments, they can be solid investments due to economies of scale, but it's important to carefully assess the location, rental demand, and potential for appreciation.
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3 February 2025 | 9 replies
I've been a MTR/STR host for almost 5 years now with about 100 doors cohosting. most important for me are1.