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26 November 2024 | 3 replies
Real estate is VERY slow to react and will take a minimum of a year before we see how the Presidents economic policies affect us.
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25 November 2024 | 11 replies
From there every 20 point increment affect pricing differently.
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4 December 2024 | 32 replies
ALONE. live in 1 unit and rent out the others. rinse and repeat. get wealthy. live generously.
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24 November 2024 | 19 replies
This can lead to more opportunities and partnerships.Market Understanding: As a property manager, you'll gain a deeper understanding of the local market, which can be invaluable when you start acquiring your own properties.Steady Income Stream: Property management can provide a consistent income, which can be particularly beneficial in the early stages of your real estate venture.Skill Development: You'll develop a range of skills from customer service to maintenance oversight, which are crucial for successful property ownership.Brand Recognition: Establishing a presence as a reliable property management company can boost your reputation, making it easier to attract tenants and investors when you start acquiring properties.Cons:Time Commitment: Property management can be time-consuming, especially if you're dealing with multiple properties or demanding clients.Regulatory Compliance: Staying compliant with local laws and regulations requires diligence and can be complex.Conflict Resolution: Dealing with tenant issues and conflicts is an inevitable part of property management and can sometimes be challenging.Financial Risk: There are financial risks involved, including late payments or damage to properties.Market Fluctuations: The property market can be unpredictable, affecting both rental income and property values.Overall, starting with a property management company can be a smart way to enter the real estate space, especially in an area with a clear need for such services.
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28 November 2024 | 13 replies
I wouldn't worry too much about a market shift dramatically affecting your occupancy.
26 November 2024 | 3 replies
If no action is taken, the property can be sold.Lis pendens: A lis pendens is a note issued to a homeowner to let them know that a legal action will take place against them that affects the title to their property.
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22 November 2024 | 4 replies
Some things to be aware of are fire insurance and how it affects your buying pool.
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26 November 2024 | 9 replies
How would these design decisions affect revenue?
22 November 2024 | 3 replies
Insurance relocation rents are often capped (at least in our area) to be 1% of the insured value of the affected property per month.
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22 November 2024 | 7 replies
I repeatedly hear from wholesalers that direct mail still works and is one of their strongest tools.