Neil Louis
New to Multi Family Real Estate Investing - Seeking Guidance and Connections
10 June 2024 | 18 replies
With my IT expertise, I believe I can be a valuable asset in areas such as data analysis, systems optimization, and technology integration.I'm open to any advice, resources, or connections that can help me further my understanding of multi-family real estate investing.
Eric Inigo
Experience or thoughts on Homeroom?
14 June 2024 | 101 replies
As the founder of HomeRoom, I can't even tell you how many days and nights I've spent trying to develop the optimal experience for our roommates.
Nilusha Jayasinghe
Are we paying too much for a house hack?
10 June 2024 | 15 replies
You can optimize the property.
Bill Mitchell
Average Cost for Kitchen Granite Countertops?
9 June 2024 | 20 replies
For that matter, Sears actually has an excellent web site for appliances.
Tyson Scheutze
The Price of Property Management
8 June 2024 | 1 reply
These are some of the ways the clients could be affected by property managers who are not prepared: Extended VacanciesInadequate marketing strategies and tenant screening processes can result in prolonged vacancy periods, translating into substantial lost rental income.High tenant turnover due to poor resident relations further exacerbates vacancy losses.Inadequate Maintenance and RepairsNeglecting preventive maintenance and delaying necessary repairs can lead to accelerated property deterioration and higher long-term repair costs.This can also negatively impact tenant satisfaction, contributing to higher turnover rates.Legal and Compliance IssuesLack of knowledge or disregard for landlord-tenant laws and regulations can expose investors to costly legal disputes and penalties.Failure to properly handle security deposits, evictions, or fair housing practices can result in significant financial liabilities.Ineffective Financial ManagementInaccurate budgeting, expense tracking, and financial reporting can lead to uninformed decision-making and missed opportunities for cost savings.Failure to optimize tax strategies and leverage available deductions can further reduce net returns.Diminished Property ValueInadequate maintenance, high vacancy rates, and poor tenant screening can negatively impact a property’s perceived value and appreciation potential.This can significantly affect the long-term return on investment when it comes time to sell the asset.While a 10% management fee may seem reasonable for a well-performing property manager, the cumulative impact of mismanagement can quickly escalate the effective cost to investors, potentially outweighing any perceived savings on the management fee itself.
Mark Proctor
How to add my Airbnb to Google
7 June 2024 | 11 replies
Hey @Mark Proctor, what you are asking about is Search Engine Optimization.
David D.
Using a predictive model to find undervalued properties.
11 June 2024 | 46 replies
That's why I like this traditional ML approach, we leverage lots of data to inform our decision about which house is seriously "undervalued"ChatGPT & any AI is just going to give you a summary of the web pages it can find, but it doesn't have all the historic data to calculate on, it's just regurgitating a web page it found.
Jason Knight
I'm Starting a STR Mastermind - Want to Join?
7 June 2024 | 69 replies
I have worked through Avery Carl's system and am looking to implement some of the strategies from "Optimize My AirBnB" as well.
Caleb Brake
Duplexes in Lewisville, Texas (or North Dallas generally)
7 June 2024 | 10 replies
I've been scouring the inter-webs for duplexes, but it doesn't seem like that's really a THING in North Dallas.
Lorna LeBlanc
My Craigslist Rental Ad Keeps getting Removed
6 June 2024 | 3 replies
The applicant had this RE agent fill out my automated application on the web and did a terrible job of it leaving it amazingly incomplete with a bunch of "N/As" just to try and rush this applicant through.I waited for 48 hours and reposted.