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9 April 2024 | 6 replies
The companies you mention have been around for a while and have stood the test of time.They have stood the test of time in a niche called "turnkey real estate" that has always carried a stigma.So I think that speaks volumes of their quality 👍Nobody is perfect and those that work hard, will eventually make a mistake.As long as the mistake is an "honest mistake".And being a turnkey provider myself for 10+ years now I can sure say that some investors can be a true pain in the A$$ and it feels like they look for drama/issues intentionally instead of smooth sailing lolWith that said, I suggest doing your online research and reaching out to the one that tickles your fancy the most.And then go from there.Wishing you much success.
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10 April 2024 | 22 replies
With that said, given how harsh the anti-landlord laws in the city seem to be, having a higher volume of tenants seems scary with only one unit.
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9 April 2024 | 4 replies
They used to do about 80% of the volume just 15-20 years ago.
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8 April 2024 | 8 replies
(even more expensive due to volume and high overhead)
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9 April 2024 | 64 replies
Increased rates makes it more difficult for first time buyers because 1) the financed payment goes up 2) it decreases movement which results in boomers, etc not downsizing which lowers volume on the market and helps keep the prices from falling.Other drivers for these large rent increases are the recent property appreciation (last 10 years have had huge RE appreciation) and rents lag the property value increases, the Covid eviction moratorium has identified new risk that must be reflected in the income, the continuing trend to move to high growth areas which results in a large housing shortage in these areas, the lag of new housing starts that has existed since the Great Recession.
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14 April 2024 | 885 replies
But what everyone wishes this could do is allow you to completely purchase a property with the credit turned into cash. strategies im still uncertain about: Paypal/Venmo (due to small volumes and fees), Purchasing gold/gift cards/etc and re-selling or cashing them out.
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4 April 2024 | 14 replies
From what I understand, a large sales volume is due to:1.
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4 April 2024 | 8 replies
Or did it take some time for your property to establish a high volume of website visits, good reviews etc?
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6 April 2024 | 45 replies
I self manage 30+ properties and I can double the volume before I hire a full time PM.
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3 April 2024 | 4 replies
From my experience those who succesfully self perform have enough volume where the construction management becomes their full time employment.