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23 December 2024 | 9 replies
Use a tiered approval process to give them control over larger expenditures while enabling quick resolution of smaller issues.2.Proactive Maintenance: Implement preventative maintenance programs to reduce costly emergency repairs and extend the lifespan of property systems.3.Monthly Reporting: Deliver detailed monthly financial statements that outline expenses, rental income, and ROI performance.By handling their funds with care and providing transparency, trust is built with owners, ensuring they feel confident in the relationship.Making Tenants Feel HeardHappy tenants are the foundation of long-term occupancy and reduced turnover.
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23 December 2024 | 13 replies
My property manager I don't think has a chance to relax, but she does have systems built around her to free up the time when it comes to regular maintenance and rent collection.
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26 December 2024 | 6 replies
They have a system, team, and their own contracts, and also provide proof funds, even the EMD.
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10 January 2025 | 67 replies
Is there some rating system for syndications similar to how Morningstar tracks and rates mutual funds and stocks?
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31 December 2024 | 13 replies
Is there a software system to track everything and notify the owner?
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24 December 2024 | 8 replies
For CY25 I realistically think we'll be somewhat in the black with about ~3-6% ROI/COC now that much of the initial rehab is settling down and we have our systems in place.
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23 December 2024 | 5 replies
GRM and cap rate both looked great, but when we pulled utility records, we found heating costs in winter were brutal because of old, inefficient systems.
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31 December 2024 | 76 replies
Also, when they said they have "network" to find investers/property owner to land my offers, and "system" to calculate profits in order to show whoever owns the property short term rental is the more profitable option.
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20 December 2024 | 3 replies
You might find that installing a mini-split system, properly insulating, and ensuring the finishes match the main home’s quality will make a difference in how the appraiser views it.
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26 December 2024 | 13 replies
And you're right about avoiding weekly travel—sound systems can save you time and stress!