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8 January 2025 | 38 replies
The bleeding is now over and you can move on with a quality tenant that will provide you the cash flow and property respect that you deserve.
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25 December 2024 | 22 replies
If so, how do you trust you're getting a quality tenant that is safe?
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2 January 2025 | 30 replies
these tenant friendly laws seldom matter because the vacancy is so low the tenants want to stay in their units and realize an eviction will make it challenging to ever find a quality rental in this market.
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27 December 2024 | 8 replies
More freedom to tailor your investment to the guests' needs.More privacy for the guestsSecurity and keys can automatedMore rooms for more quality pictures!
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23 January 2025 | 165 replies
The only thing that spreads faster than a wildfire in a 100mph wind is everyone's "expert" opinion.I think people visualize an amber quietly floating through the night sky like in an old Lassie movie.
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26 December 2024 | 5 replies
Are their listings detailed with good-quality photos?
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30 December 2024 | 6 replies
The right idea is going to be the bread and butter.1) Ideal location2) Quality properties over quantity of properties3) 1.25x DSCR4) Intention to hold no less than 8, but ideally 12+ years.5) Sufficient cap reserves6) Mechanisms to enhance cash flow(via alt investing or house strategies).7) Liability protection through no PG loans(if possible), LLC formation, property management and being a diligent landlord.8) Invest deeper, before wider.Now if you're talking where to invest, different information.
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28 December 2024 | 8 replies
@Adam OrtizRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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30 December 2024 | 7 replies
For someone that's not as conservative, or a different view on the cycle, they might have a different opinion than me on all of this.2) Sponsor quality check: (takes about 45 minutes per deal)I believe that a great sponsor can take an average looking deal and make it great, and that in mediocre sponsor can take a fantastic looking deal and make it bad (especially if there is a severe recession).
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24 December 2024 | 8 replies
Finding handymen is NEVER easy:( Often, you have to use trial & error method and weed through several before finding one that is acceptably (never pefect) reliable, quality, will fix warranty issues and has decent prices.Try visiting a Home Depot 6-8am on a Saturday.