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Results (1,128)
Tyson Scheutze The Price of Property Management
8 June 2024 | 1 reply
These are some of the ways the clients could be affected by property managers who are not prepared: Extended VacanciesInadequate marketing strategies and tenant screening processes can result in prolonged vacancy periods, translating into substantial lost rental income.High tenant turnover due to poor resident relations further exacerbates vacancy losses.Inadequate Maintenance and RepairsNeglecting preventive maintenance and delaying necessary repairs can lead to accelerated property deterioration and higher long-term repair costs.This can also negatively impact tenant satisfaction, contributing to higher turnover rates.Legal and Compliance IssuesLack of knowledge or disregard for landlord-tenant laws and regulations can expose investors to costly legal disputes and penalties.Failure to properly handle security deposits, evictions, or fair housing practices can result in significant financial liabilities.Ineffective Financial ManagementInaccurate budgeting, expense tracking, and financial reporting can lead to uninformed decision-making and missed opportunities for cost savings.Failure to optimize tax strategies and leverage available deductions can further reduce net returns.Diminished Property ValueInadequate maintenance, high vacancy rates, and poor tenant screening can negatively impact a property’s perceived value and appreciation potential.This can significantly affect the long-term return on investment when it comes time to sell the asset.While a 10% management fee may seem reasonable for a well-performing property manager, the cumulative impact of mismanagement can quickly escalate the effective cost to investors, potentially outweighing any perceived savings on the management fee itself.
Brett Richardson Multifamily Investing Coaching
7 June 2024 | 24 replies
And, I sure as hell won't agree to any arrangement whereby I owe someone my time on a prolonged basis. 
Eric Justice Buying property-All Cash
5 June 2024 | 116 replies
Quote from @Eric Justice: @Mark Cruse using a loan will just prolong your return on investment. 
Troy Parker Professional Painter or DIY?
20 May 2024 | 32 replies
The painter mentioned that reattaching/replacing some panels and applying a new coat of paint on the exterior would prolong the life of the home.I bought the home for 5% down and I am renovating the property with the intention of getting it reappraised to eliminate PMI.
Kelli Powell Question about renewing a lease
14 May 2024 | 7 replies
Finding new tenants during the colder months can be challenging, and we aim to avoid any prolonged vacancy periods.Enhanced Flexibility for Tenant Management: Another factor influencing our decision is the greater flexibility it offers our property manager, ****, to effectively manage and find tenants during the summer months.
Jared Billman Dealing With Angry, Homophobic Tenant
13 May 2024 | 13 replies
Given this extreme and fairly prolonged change in his behavior, my husband and I have discussed and feel it may be best to ask him to move on elsewhere where he may be happier.
Becca F. Overleveraging, net worth, cash flow and headache factor
9 May 2024 | 159 replies
The best thing is to die of a heart attack at home and not some prolonged illness and need nursing home care which is super expensive in the USA.
Joe S. Who is investing in their own physical health?
18 April 2024 | 141 replies
I drink more than I would like to admit and smoke a bit as well because life is short... but I also work out every day because I'd like to prolong it. 
Justin Sheley Fund & Grow Financing
14 April 2024 | 885 replies
Kaydem Credit has made mistakes along the way prolonging the process. 
Tara Adi Who is responsible for LCE damage in event of negligent maintenance of CE by HOA?
5 April 2024 | 6 replies
However, the prolonged decision-making process has resulted in irreparable damage to the windows, confirmed by the window company as improper initial installation by the builder.