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16 January 2025 | 12 replies
You need to know what to look for, what to address, and have solid buisiness acumen to run a MF operation of that magnitude.
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23 January 2025 | 9 replies
If all prospects and leads come from yourself, then you are operating your own business.
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16 January 2025 | 26 replies
Every PM operates differently, and at the end of the day, there is tons of information you can navigate on your own in the beginning stages online, but surely there will be PM's that would be more than happy to assist you on journey.
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21 January 2025 | 14 replies
So, WHY screw with a successful system that your able to operate without undue stress?
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18 January 2025 | 6 replies
Some numbers:Expected 2026 income after raising rents to market value and assuming 7% vacancy: $144k.Expenses: $14k property management, $18k property tax, $10k insurance, $10k utilities, $8k in repairs/maintenance/advertising/admin/etc: Total operating expenses: $60kNOI: $84kBased on 6% cap rate that brings the valuation to only $1.4m, or $1.5m based on 5.5% cap rate.
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17 January 2025 | 3 replies
If your property management company is good and has built an internal maintenance team which has set rates and had strong relationship relationships with licensed contractor which should keep costs in control, you should never need to shop contractors on your own I wouldn't think.So in short, our policy is give us your preferred contractors upfront if you have them, but then we work all tickets to resolution including dispatch, and payment of invoices.This is of course for operational expenses.
17 January 2025 | 5 replies
It sounds like you may be a better fit for a smaller operation that still offers guided tours.
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10 February 2025 | 71 replies
LOL.I'll just put it this way - virtually all of the people who I meet out in the real world actually operating and owning profitable businesses don't even have a Youtube channel, and most of them have never learned anything from anyone who does.PS Anyone who uses the word rockstar to describe themselves is not to be trusted.
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19 January 2025 | 11 replies
But the "art" really only comes with time in market and a deep understanding of both the market and the operations of assets.
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16 January 2025 | 3 replies
I have a small wholesaling business that operates in King, Pierce, and Thurston counties.