Anandakumar Elumalai
My first (bad) investment experience with Roofstock
28 March 2021 | 20 replies
However, I would suggest to others that I've been using Roofstock as an additional resource to monitor rents in areas and also an idea of approximate cap rates in areas.
Steve Uhlig
Market Rents vs. Atual Rents & Working up the Offer
17 August 2018 | 6 replies
I am monitoring closely the sales of duplexes especially around NE Philadelphia.
Ericka G.
Allow tenant to install DISH?
14 March 2018 | 21 replies
If it's not wired for cable, I would be sure that someone with experience with catv is there to monitor the wiring.
David Hanson
Harnessing AI for Smarter Real Estate Investment Decisions
18 January 2024 | 1 reply
The integration of AI in real estate is not just a trend; it's a game-changer in making more informed and profitable decisions.How AI is Transforming Real Estate Investments:Tenant Experience & Retention: AI helps with predictive maintenance and efficient tenant communication, enhancing tenant satisfaction and retention.Lease Management & Optimization: Dynamic pricing and lease renewal predictions are now more accurate with AI, maximizing returns on rental properties.Risk Management: Nuanced tenant credit assessments and AI-driven security systems are vital in safeguarding investments against risks.Marketing & Lead Generation: AI enables targeted advertising and immersive virtual tours, attracting the right tenants and buyers.Financial Analysis/Underwriting: AI aids in accurate cash flow projections and simulates various investment scenarios for better decision-making.AI Applications in Real Estate:DataRobot AI Platform: This end-to-end enterprise AI solution provides insights for forecasting future real estate market changes and identifying profitable investment opportunities.AI-Enhanced Platforms: Companies like Rex, Redfin, CoreLogic, and Zillow use AI for various purposes such as communication between property maintenance teams and renters, automating property recommendation processes, and providing accurate property value estimates.AI in Your Business: Steps to implement AI in real estate range from identifying business areas for AI implementation to training your team and monitoring performance.Discussion Points:Are you currently using AI in your real estate investment strategies?
Joey Copper
Why Self Managing Investment Properties is CRAZY
31 August 2021 | 216 replies
Basic maintenance requests completed within 5 days, emergency maintenance requests completed within 2 days, preventative maintenance work twice a year, tenant-caused maintenance billed back to tenant, periodic inspections to make sure that the tenant is reporting necessary maintenance items, late fees collected, immediate 30 day notices posted, pet fees monitored and collected, move in inspections, move out inspections, move out damages charged to tenant, advanced notice on capital repair items, 30 day move out notices communicated, pre-leasing of property, tenant stay incentives, gutters cleaned, annual rent rate analysis, turns completed in 30 days, background checks on all occupants over 18, prior landlord references, co-signers on leases, direct deposit funds, monthly summary statements, online vacancy postings, post-eviction collections...That in a nutshell is the different between managing a property and managing a property well.
Carl Kallgren IV
Lawyer vs. Accountant - who first?
9 March 2022 | 12 replies
This is a flat rate charge and a just another transaction cost.My attorney reviews our LLC transactions, drawing drawing the purchase sale agreements and Private Placement Memorandums for most of our equity LP/GP transactions and we monitor his involvement closely throughout the process to control sunk costs.
Tom Server
Credit score different
1 October 2023 | 13 replies
However Credit K is not a credit bureau and not for properly scoring an algorithm that can be used for banks/lender to offer credit/loans.Credit K is for the general public for personal monitoring but the scores are "Always" hyperinflated and not what the banks/lender pull their credit bureau vendors.
Joe S.
Less cash flow than all the hype would suggest.
16 January 2024 | 42 replies
The PM and fees is just the re-occuring fees that keep the juice flowing.
Jenny Lu
I inherited a fully paid off investment property. What should I do with it?
20 December 2023 | 15 replies
If this is the case, you should monitor the water bill somehow either by requesting a duplicate water bill to your address or checking to see if you can access water bill balance via city website.
Everett D Williams
How AI is Revolutionizing Real Estate Investment in Arizona
9 February 2023 | 3 replies
First 48 Offers uses AI-powered systems to monitor properties and alert managers to potential issues, such as leaks or HVAC malfunctions, before they become serious problems.Enhancing Customer Experience: AI technology is also improving customer service in the real estate industry.