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14 December 2024 | 36 replies
I have been living OOS for 10+ years doing Sec 8,,, Love it. 15% ++ NET caps based on cash purchase Buy right, reno right, rent/screen right,
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7 December 2024 | 15 replies
Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.
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3 December 2024 | 3 replies
Phase #1 - Recovery - characterized by high vacancy rates and no new construction- rent, during this phase, is flat or declining- owners offer rent concessions to avoid their property occupancy rate from decliningPhase #2 - Expansions- characterized by declining vacancy and the start of new construction- occupancy improves, concessions are not being offered, and rental rates being to growPhase #3 - Hyper Supply - characterized by new construction and vacancy rates beginning to rise - rental rates begin to grow at a slow rate- rent concession are being offerred due to the new construction in the area [in the hope of retaining current renters]Phase #4 - Recession - characterized by the completion of construction and a decline in occupancy rates - concessions are abundant to avoid high move-out rates Here are some foundational truths about optimizing your investments:#1 sow seeds of success in the down times - "The season of failure is the best time for sowing seeds of success."
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31 December 2024 | 97 replies
You're gonna look like even more of a fool when I post the screen shots to the contrary.
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31 December 2024 | 418 replies
Somehow I don’t think this investment offering would have passed your syndicated investment “screen”.
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2 December 2024 | 7 replies
**Standard Compensation Models** - **Flat Fee**: Engineers and developers are often paid a flat fee for their services.
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30 November 2024 | 0 replies
Hi all,
I'm looking for advice and experience in how tough is it to sell land in Mexico living in the states. I have a lot of land for sale off the coast of the pacific. Seems attractive for building a vacation home ...
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5 December 2024 | 15 replies
So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?
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2 December 2024 | 9 replies
You might want to read our series about “How to Screen a PMC Better than a Tenant”, since selecting the wrong PMC is usually more harmful than selecting a bad tenant: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processes
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4 December 2024 | 3 replies
Use individual leases to reduce risk, screen tenants carefully, and set clear rules about noise and responsibilities.Good luck!