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4 September 2024 | 9 replies
@John Pettas Not all PM are created equal.
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7 September 2024 | 36 replies
I'm not saying you actually violated any laws or committed any human rights violations, but this is exactly why it's vital to have an objective, documented screening process and publish your criteria on every advertisement for the property that you put out there.
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3 September 2024 | 6 replies
The other option is simply charge them $X (equal to one month's rent for example) and if you find a new tenant sooner, then keep all of that money as it is a fee for breaking the lease vs the first where they are paying rent.
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4 September 2024 | 7 replies
While we knew that all hard money lenders are not created equal, and some could be good….we knew from our own experience that using hard money could cause a deal to fall apart by making the process less seamless than we needed it to be.What ensued was a month-long nightmare that tested our patience and threatened to derail everything we had worked for.The lender moved at a snail’s pace, bogging us down with endless requests for additional walkthroughs, appraisals, and paperwork.
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4 September 2024 | 84 replies
Point of fact, I'm not actually concerned about anyone's view on PMs I definitely think they are vital.
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31 August 2024 | 5 replies
You can capture the potential tenants vital information and send them a lock box code so you do not have to be present.
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7 September 2024 | 85 replies
@Diana JingHere is more information regarding non-recourse loans:https://www.biggerpockets.com/member-blogs/9552/70...All things being equal a non-recourse lender will require more down, higher interest rate, shorter term, etc. given that there only recourse is the collateral.
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2 September 2024 | 8 replies
IMHO and all things being equal, this route would be the fastest way to cash flow and scale.
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8 September 2024 | 101 replies
Almost all also mention that the spreadsheet never equals reality.
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2 September 2024 | 24 replies
If you aren't requiring background checks for someone simply because they aren't a citizen, then you shouldn't require them for people claiming to be citizens.Treat all people equally.