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29 May 2024 | 30 replies
.: •Curbio develops a strong reputation for quality and efficiency•Homeowners are attracted to Curbio’s ability to get things done efficiently, reliably and cost-effectively (no nightmare renos that go on forever)•Curbio continues to enlist realtors as strategic sales partners, by devising a referral commission program for them, to mitigate channel conflict•Curbio maintains sufficient decision-making control (e.g. project types; material & appliance options)•Homeowners are given sufficient preference choices within strict guidelines (e.g. color palettes; good-better-best options materials)But I suspect one of these two growth scenarios for Curbio might happen beforehand:•Expand current offerings to owners of rental properties•License technical infrastructure and processes to qualified contractors
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27 May 2024 | 11 replies
An S-corp might help to mitigate the tax, but it should be weighed against the admin considerations of compliance (eg: payroll, reasonable comp, etc.)
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25 May 2024 | 15 replies
Charge extra to mitigate the extra risk.
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30 May 2024 | 93 replies
While there's always a chance of short-term depreciation, historically, real estate has a strong track record of appreciating over time.Vacancies and Maintenance:Vacancies and maintenance are part of being a landlord, but there are strategies to mitigate them.
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23 May 2024 | 0 replies
Circumstance of needing a place to live with the intent of selling for a profit mitigating costs How did you find this deal and how did you negotiate it?
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22 May 2024 | 6 replies
You need to educate yourself on what those risks are and how to mitigate them.
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23 May 2024 | 2 replies
I have very little leverage on my properties, and I offset the leverage with cash invested bonds to mitigate the little debt I have (i.e. -$200K in mortgages, +$200K in bonds).
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23 May 2024 | 4 replies
Being appraisers, we are familiar with estimating "cost to cure" of deficiencies, and we know useful life of short lived items so we can build seller credits into our offers that will help mitigate monthly costs to us for reserves.We are going to take it slow and steady, as I said, with an eye on returns that may not be spectacular but still rival the stock market in a sector of the economy we know well.Thanks for the encouragement @Dave Meyer!!
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22 May 2024 | 6 replies
While I'm not sure specifically if they or any companies that offer Damage Protection coverage for 2 - 6 month stays, I know some people require a security deposit for longer stays (sometimes only half month) to mitigate damage risk and sometimes renters insurance as well.
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22 May 2024 | 2 replies
Before signing a lease agreement, conducting a thorough screening process can help mitigate potential risks and ensure you're selecting reliable tenants.