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15 January 2025 | 7 replies
The inspections have become so nitpicky over purely cosmetic items there has to be an extra $1-2k per year to keep up with the punch list every 1-2 years.
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12 January 2025 | 23 replies
Here's an example why:- One of our people made a mistake last year, and entered an expense of $1500 instead of $150 - they accidently typed an extra "0". - Fortunately, our transparent systems allowed the owner to catch it:)- Full transparency - we would have never caught this honest mistake:(An owner also needs to be involved to approve & fund large expenses: maintenance, property tax & insurance payments (if they want to be more hands off), evictions, etc.A great PMC should also have a chat with you annually about your future plans for a property and your portfolio.
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14 January 2025 | 9 replies
It’s all about what will draw guests in and make them choose your listing over others.2️⃣ Standout Amenities: Rentals that offer something extra, like a hot tub, game room, or eye-catching design, often attract more bookings and higher rates.
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5 February 2025 | 35 replies
Not much good stuff on the market right now that can cash flow without work and on the MLS the prices don't allow for some extra reno.
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13 January 2025 | 5 replies
I’d plan for extra amenities like special decor or concierge services.
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12 January 2025 | 8 replies
In 2022, half of American renters spent over 30% of their income on rent and utilities, the highest percentage ever recorded.
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13 January 2025 | 31 replies
Offered to intern/work for him at half the pay as his personal assistant if he would teach me everything he knew.
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15 January 2025 | 12 replies
To meet this requirement, you must spend at least 750 hours per year actively participating in real estate activities, such as property management, development, or acquisitions, and these activities must constitute more than half of your total working hours for the year.
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16 January 2025 | 12 replies
Can I personally take that extra finance money tax free into my own name or personal bank account to do with what I please, or does the refinance money have to stay in that Llc company and I cant use it personally.
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16 January 2025 | 7 replies
The tenants began pay rent on time, but then payments began coming in late, then half, then partial, then none.