Michelle Glover
Lots of offers but appraised low
19 November 2024 | 26 replies
Our remodeled home has received multiple offers at or near the asking price.Unfortunately, we've hit an issue with the appraisal.
Nathan Gesner
Are rents dropping in your market? You are not alone.
28 November 2024 | 26 replies
Have had some big remodeled units that unfortunately came up late in the year.
Hamed Rahimi
What are the best property management software/tools you use?
25 November 2024 | 12 replies
All you get is what you can export/import via CSV file:(We use Propertyware, have experience with Buildium, and have played with Appfolio and RentManager.Buildium is for smaller companies.The other three are tied, the differences being how much automation & customization you want to do.If you don't see yourself growing beyond 150 units, go with Buildium.If you're not very techy and plan to grow over 150 units, we'd recommend Appfolio.If you're techy and plan to grow over 150 units, we'd recommend Propertyware or RentManager.Of course, schedule some demos, take GREAT notes and them make your decision.FYI - there are MANY new options on the market, RentRedi, TenantCloud, Apartments.com, Hemlane, Rentec.
Braeden Warg
What to pull permits on
20 November 2024 | 7 replies
I have pulled a permit for removing a fireplace, but probably would not have but I had a significant remodel going with permits and did not want hassle of him making an issue of removing the fireplace (the inspection for fireplace removal consisted of only verifying gas cap was in visible location, he did not even spray it).
Lisa Mallory
Asheville STR gone - advice?
22 November 2024 | 12 replies
Our mortgage was significantly higher than our flood insurance, and I don't know if we qualify to try to apply for FEMA or if there is other assistance, and if so, if we would apply as a business (we file it on our personal taxes as rental income).
Alex Zweydoff
Understanding the New Squatters Bill in Florida: What Property Owners Should Know
26 November 2024 | 6 replies
Property owners can file for an emergency court hearing, significantly reducing the time required to remove squatters.
Albert Johnson
Can a tenant break the lease for health issues?
20 November 2024 | 9 replies
If they fail to pay, then you can consider taking them to small claims court or filing with a collection agency.
Jonathan Greene
The Top 5 Ways I See New Investors Lose Money On Their First Flip or BRRRR
19 November 2024 | 24 replies
For example - you're starting a $100,000 remodel on a propoerty that you have acquired, the Scope Of Work includes basic lipstick stuff like a kitchen remodel, a bath remodel, and new flooring and paint.I would start with a draw of no more than $10k, that is more than enough to get anyone going and it shows your good faith.
Bryce Gubler
4plex with below market tenants, how to best approach raising rents in California?
20 November 2024 | 1 reply
Otherwise, weigh your options with estimated vacancy and remodeling time, but how you may be able to mitigate losses longer-term with the higher rents you'll presumably be able to collect with new tenants.