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Results (10,000+)
Kaven L. Should a PM walk the property before dispatching a plumber?
21 November 2024 | 21 replies
But…the plumber should send picture of problem with an estimate to PM.
Keonhee Cho BRRRR Investments in Austin.
22 November 2024 | 6 replies
Online Facebook groups can be fruitfulOnce you find a property things tend to move fast so have a good contractor available to help you estimate repairs. 
Griffin Malcolm Are Solar Panels Worth It?
5 December 2024 | 34 replies
This means, you will either over purchase the system (too many panels, batteries, etc) or under estimate, both making the outcome not optimal. 
Ika Sargeant Stafford VA property
20 November 2024 | 1 reply
Rehab costs were higher than estimated.
Michael Williams Mortgage Note Syndicator Not Communicating
23 November 2024 | 26 replies
Cherry South Bend IN Off market - Zillow estimate $103.5 K172 Carlson St, Westbrook ME Off market - Zillow estimate $362 K13959 465th Ave, Wilmot SD Off market - Zillow estimate $231 KThanks! 
Marcellis Mosby Establishing rehab costs during short open house
18 November 2024 | 3 replies
Even if it is just a walkaround and not measuring anything; the contractor should be there if you are new to this to give you an estimate.. 
Eric Carlstrom First-Time STR Buyer --- Feedback / Guidance Requested
26 November 2024 | 21 replies
Get a no-cost estimate for an engineering-based cost segregation study on every investment property you own over $250K in purchase price.
Vanessa Lule Newbie in Rental Arbitrage –How do I Analyzing Profit Potential?
19 November 2024 | 14 replies
Occupancy Rates: How can I accurately estimate average occupancy rates for these areas?
Alex Dixon STR Tech Stack
22 November 2024 | 13 replies
I spent close to six months looking at various vendors in the space, and below are some of the ones we ended up choosing (including one of our favorites, Hospitable).Each of the hours underneath the categories refer to what I estimate the monthly time-savings are by deploying the technology within the box for us.
James Kerson Tell Me Why My Discount Brokerage Idea Is Bad: Calling All Agents
10 December 2024 | 100 replies
If your market has a significant number of FHA or VA loans with zero to low down payments where a buyer can't afford to pay their agent out of pocket, your sellers may end up cutting off a significant portion of the home buying market, or once they do come around to considering negotiating on BAC, they may feel deceived, and now you may lose the potential for the recurring client that will ultimately otherwise drive your seller lead acquisition cost down.For planning: In a great business, a good rule of thumb is to estimate:100% Gross Income35% Cost of Sale30% Expenses35% Profit <-- very few businesses achieve this, but we're looking at an ideal solutionAssuming a national price average of $300k and 0.6% GCI, you'd be looking at:$1,800 Gross Income$630 Cost of Sale <-- agents/ transaction coordinators$540 Expenses <-- photos/ signs/ lockboxes/ Errors & Omissions insurance/ MLS fees/ liability insurance/ tech fees/ VA admin support/ marketing to get clients for the business (this piece should be roughly 10% of revenue, which would be $54 in this case)$630k ProfitIf your business sold 1,000 of these homes a year, you would have:$1,800,000 Gross Income$630k Cost of Sale <-- agents/ transaction coordinators (you could have 5 agents handling 200 sales each at $100k incomes and TC support at scale)$540k Expenses <-- photos/ signs/ lockboxes/ Errors & Omissions insurance/ MLS fees/ liability insurance/ tech fees/ VA admin support/ marketing to get clients for the business (you're going to est $125k in runner fees alone for signs; $25k+ in signs, $54k in ads to attract clients, $200k in photos, $10-20k minimum in E&O, $2k in liability, and what tech/ VA support)$630k Profit Scale costs will include hiring a managing broker for compliance to help oversee all of these transactions and implement legal changes and training.