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13 June 2024 | 3 replies
This InvestorLift requires an upfront $5k non refundable and looks to me like there is no option for inspections....curious what others take on this site is.Thank you in advance, I'm fully committed and learning daily...love this site and it's members
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13 June 2024 | 9 replies
They undergo regular training and stay updated with industry trends, laws, and best practices, ensuring high-quality service.Access to ResourcesNARPM provides its members with educational programs, legal updates, and networking opportunities, enabling property managers to handle any situation effectively and offer informed advice.Efficient Tenant ManagementNARPM property managers excel in tenant relations, from screening and lease agreements to conflict resolution and evictions, ensuring stable rental income and minimized vacancies.Legal ComplianceNARPM property managers are knowledgeable about landlord-tenant laws and regulations, ensuring compliance and protecting you from legal issues.Maintenance and RepairsNARPM managers have reliable contractor relationships, ensuring timely and cost-effective maintenance and repairs, along with regular property inspections.Time and Stress ManagementBy hiring a NARPM member, you delegate daily management tasks to a professional, saving time and reducing stress.Financial ManagementNARPM property managers handle rent collection, accounting, and financial reporting, providing detailed and accurate financial statements for informed decision-making.Marketing and Leasing ExpertiseNARPM managers use proven marketing techniques and platforms to attract and retain tenants, ensuring quick rentals at optimal rates.ConclusionChoosing a property manager is crucial for any landlord.
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12 June 2024 | 10 replies
Call me if you have questions...I do this daily in Seattle
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12 June 2024 | 4 replies
The idea behind this isn't novel of course, but a way to circumvent the endless and crowded sea of opinions and narrative shaping charlatans that make their daily bread by deluding the curious minds of some vague one-size-fits-all approach... but oak trees don't grow over night.
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12 June 2024 | 7 replies
There is no way you should be getting almost daily repair requests ("Every morning I am reluctant to open my email because there is another issue"-which may have been an exaggeration").
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12 June 2024 | 17 replies
Thank youI understand what you are saying but if I have a 5 mile drive to work daily I do not need to have a ferrari.
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11 June 2024 | 1 reply
Cross reference these with projections from a local propriety manager and/or your own protected daily, occupancy and operational costs. 6.
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10 June 2024 | 0 replies
Late fee is considered reasonable if it is not more than 12% of the rent for the rental period under the lease for a dwelling located in a structure that contains not more than four dwelling units or 10% of the amount of rent for the rental period under the lease for a dwelling located in a structure that contains more than four dwelling units or the late fee is more than the applicable amount but not more than uncertain damages to the landlord related to the late payment of rent, including direct or indirect expenses, direct or indirect costs, or overhead associated with the collection of late payment.A late fee may include an initial fee and a daily fee for each day any portion of the tenant's rent continues to remain unpaid, and the combined fees are considered a single late fee.
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9 June 2024 | 6 replies
Otherwise, you'd need to based the financing based off of the purchase price (possibly plus renovation).Since Conventional rates change daily and the rates have jumped recently, DSCR rates actually are in similar range at the moment.
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12 June 2024 | 57 replies
I felt that my sales rep only really knew 90% of the product but I feel the knowledge gap is actual daily use in the product.