
12 July 2024 | 17 replies
Again, the tips you provided for evaluating agents was concrete, actionable advice.

12 July 2024 | 7 replies
We use Streamline which is a legacy provider but it is cumbersome and designed for larger scale PM operations (trust accounting, owner portals, etc etc).Just a few integrations we use: Lynx (locks), BookingPal (channel manager), EZCare (HK/Maint Ops), RevMax (Pricing) - There are more, thats off the top of my head.

12 July 2024 | 7 replies
Partnering with experienced investors can provide valuable insights.5.Creative Financing:Explore creative financing options like seller financing or private lenders to secure better terms.6.Rent by the Bedroom:In high-demand areas, renting by the bedroom can boost your rental income significantly.7.Local Market Analysis:Stay updated on local market trends and network with other investors for insights and opportunities.Always analyze potential investments thoroughly and run detailed cash flow projections.

9 July 2024 | 2 replies
We categorize the problems into two groups:Deal Killers (or Deep Discounts): These include complete system failures, such as needing a new well or septic system, which significantly impact the bottom line.Deal Modifiers (or Small Repairs): These are minor repairs like hydrojetting the drain field, installing a new riser, repairing baffles, or replacing pumps/tanks, which can leverage a lower offer.Step 3: Making the Final OfferWe make our final offer only after a full system evaluation with remedies.

13 July 2024 | 9 replies
Check with the providers to see what is tied to the house and what isn't.
12 July 2024 | 8 replies
So if it is leased through spring 2025 you need to provide an executed lease termination agreement.

12 July 2024 | 7 replies
Owners are supposed to certify to the Board if no sales were generated in any particular month, as well as provide a copy of any Colorado sales tax return or alternatively, a report from AirBnB or VRBO regarding the sales for that month.I find this invasive, crappy, and a whole lot more that shouldn't be said in polite company.

14 July 2024 | 27 replies
The STR doesn't provide access to rest of house as common area so they have their privacy mostly.I'm sure you can creative with extra rooms, a garage turned living space, ADU, a furnished basement, etc.Good luck!

12 July 2024 | 9 replies
Make sure the buy out agreement is worded properly though so it is not a prepayment of rent that will be due in the future.You must refund the security deposit or provide an accounting of sums deducted from it, within 60 days of lease termination.

11 July 2024 | 12 replies
They stated due to regulatory changes in IL, they can no longer provide those reports for rental applications.Does this mean I no longer can do a background check in IL or is there a work around with possibly another service I can use?