Rafael Valdor
Renting out my townhouse: DIY vs. PM vs. Realtor
11 January 2025 | 14 replies
As someone who manages over 1,200 properties, I can tell you that proper screening is where professional property managers (PMs) really shine.Here’s why working with a professional PM is worth it:Screening Expertise:Fraud in tenant applications is more common than many realize.
Gregory Schwartz
What is a good occupancy rate for MTR
9 January 2025 | 8 replies
I also advertise before someone moves out to get a new tenant before the current one leaves. 100% occupancy on a LTR is very common for me.No idea on a MTR.
Tim Tafel
How Does Comping Software (Privy, Propwire, Propstream) Get Their Data?
15 January 2025 | 3 replies
Another common practice for nationally sparse datasets such as tax data is aggregation.
Bruce D. Kowal
The Side-Hustle Timeline: How to Build Your RE Business While Working 9-5
16 January 2025 | 1 reply
But it's YOUR money, and Real Estate, to put it mildly, is a contact sport).Month 5: Deals & Network (15-18 hours/week)Submit first offersAttend 2-3 REI events monthlyBuild social media presenceKey Goal: First offer acceptedMonth 6: Scale & Automate (15-20 hours/week)Delegate initial tasksEstablish morning/evening routinesCreate follow-up systemsKey Goal: Sustainable weekly schedule🚫 Common Pitfalls to Avoid:Overcommitting earlyNeglecting W2 responsibilitiesSkipping system creationTaking on too many mentor calls✅ Success Markers:Consistent daily actionsGrowing networkClear systemsNo work conflictsSteady deal flowMaintained energy levels👉 Action Steps This Week:Audit your current scheduleBlock 2 hours dailyChoose your power hour (morning/evening)Set 30-day milestoneGeneral Comment: obviously not everyone will follow these suggestions.
Christina B.
Long term: keeping an eye on the RealPage lawsuit
13 January 2025 | 4 replies
Some must be using PriceLabs because it’s so common.
Roger Flot
Updated Insurance for renovated property
13 January 2025 | 1 reply
This is a common 'trick" we use in flipping.
William Fisher
Figuring out percentages of contractor/ lender partnership
9 January 2025 | 4 replies
One common approach is to form a legal entity, such as an LLC, where both of you are equal partners.
Dan Ikon
Yes, Broward county, FL South Ocean Drive Condo is still a great investment!
2 January 2025 | 0 replies
As remote work is more and more common, many professionals look for a home there.
John Fleming
Property Management Reccomendation
14 January 2025 | 3 replies
Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.
Treza Edwards
Cash Flow Corrections
14 January 2025 | 6 replies
I bout one in 2019 and it has turned into a gem for me, but at the time, it would not have been 1.25 1.25x is a very common DSCR for a bank.