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7 February 2025 | 41 replies
No state income tax.3. property tax's some of the lowest in the country.4. quality of construction most homes are built with stucco and tile roofs and desert landscape compared to much of the mid west rust belt were its very common to be looking at houses that are 50 to 100 plus years old. and yards grow fast snow sleet ice all take more wear and tear on your units.we do a lot in most of the mid west rust belt states. the prime motivation is price point and rent to price ratio for those aspects they are the best.
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13 January 2025 | 7 replies
It’s a common practice and I’ve never had any opposition to this provision.If you don’t have an operating company, you could get into contract in your own name and then assign it.
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31 January 2025 | 19 replies
Hospitality, attention to detail, cleaning/handyman team, programs used for bookings and calendar organization, inventory audits, home maintenance, etc. are all extremely important but all of that doesn't even begin to describe all of the things an experienced property manager does.It is a matter of how much time and energy you have to invest in your properties and if that time and energy is worth it to you.
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16 January 2025 | 4 replies
It really comes down to your goals and time commitments.Airbnb margins have been getting tighter and it is extremely time consuming.
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12 January 2025 | 7 replies
I have about 100k in assets both personal and business I could sell, but part of me thinks that’s extreme and I’ll sell “myself” along the way with all my stuff.
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18 January 2025 | 16 replies
Providing a starter supply of items like laundry detergent, dryer sheets, and toiletries is common practice and works well for short stays.
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15 January 2025 | 3 replies
Another common practice for nationally sparse datasets such as tax data is aggregation.
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14 January 2025 | 4 replies
It is extremely hard to find programs for 0 experience simply on the 1-4 unit side of ground up construction.
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15 January 2025 | 10 replies
With regard to renovations, I always suggest taking incremental steps to bigger renovations or partnering with someone who has already done a renovation at that level.I've been known to just go for the big rehabs for my personal investments here in Chicago , and during that process, it's always more stressful than it needs to be...As far as navigating the competition, I've found the best thing I can do is get EXTREMELY CLEAR on what I am looking for; then I am confident pulling the trigger quicky.
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3 February 2025 | 27 replies
They’ll handle tenant screening, maintenance, and rent collection, ensuring things run smoothly while you focus on growing your portfolio.Ultimately, starting local and self-managing is a common path for new investors, but outsourcing property management or investing remotely can work well with the right systems in place.