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5 December 2024 | 5 replies
Since you and your wife have renovation skills, targeting properties that need minor improvements can maximize your return on investment while minimizing the time and cost associated with major renovations.
5 December 2024 | 11 replies
Success often comes from picking properties with strong chances for rent income or those that can be improved in value.
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4 December 2024 | 8 replies
How much have you over-improved the property?
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6 December 2024 | 4 replies
I am optimistic that things might improve with this change, but I would not pay again just to find out.
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5 December 2024 | 4 replies
Moving to a portfolio model—where a pod (1 PM + 2 VAs) manages all aspects of 200+ units—streamlined operations and improved accountability.
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4 December 2024 | 2 replies
Unfortunately many of the improvement costs do not deviate greatly when you’re renovating a lower cost property in a particular market compared to a more expensive property in the very same market which makes it difficult to absorb the improvement costs in some areas.
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10 December 2024 | 17 replies
I did see it and scheduled the sprinkler installation but heard they are now requiring additional improvements that weren't originally discussed like multiple egresses, changes to pool room doors etc.
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4 December 2024 | 1 reply
The short answer is I look for 9% min and try to press it to 11% with those strategies along with rental increases once improvements are made and the tenants know you actually care about the property.
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11 December 2024 | 34 replies
So basically, had the 1hr strategy with them I have 3 units and they explained that they provide education and coaching to teach people how to increase their revenue ever month, in addition to improving their processes effectively automating their short-term rental business.
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25 December 2024 | 60 replies
So adding one more unit to a duplex may deplete equity gain even if it improves cash flow over here.