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9 January 2025 | 4 replies
@Stacey OlsonRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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18 January 2025 | 3 replies
They agreed to pay in accordance to the lease and failure to manage to the lease is the #1 reason why landlords fail (Source: American Apartment Owners Assn).Cowboy up and stop having the tenant control your ROI.Best.
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20 January 2025 | 57 replies
I would also INSIST that the seller have independent legal representation before I entered into a contract with an owner occupant.
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17 January 2025 | 3 replies
I looped in the owner of the company but things are still pretty rough.
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18 January 2025 | 2 replies
Good points.I'd add square, level, plumb - license, insurance, bond - using permits to follow codepointing out problems the owner doesn't realize they have that are serious.
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22 January 2025 | 2 replies
I'm not sure why that metric has held true but it still applies, the properties that perform well above that ratio are the owners that treat their STR like a business.
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15 January 2025 | 49 replies
I used a private lendor to fund the re-hab (cash) and owner financed the purchase price (minus down payment) I have a bank account linked to Stessa and I see the cash deposit in the transaction tab.
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16 January 2025 | 7 replies
Nothing else.Every other platform doesn't have the reach that the 2 big ones have and in some cases are very owner negative.
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10 January 2025 | 11 replies
As the new owner, you’ll want the lease and your landlord insurance policy to take effect as soon as you take title to the property.Temporary Lease Considerations:While short-term leases can work well, leasing to a seller long-term often leads to complications.
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21 January 2025 | 59 replies
What I am trying to better understand is at what pointy that restaurant owner able to either delegate or reposition so he / she doesn’t have to the restaurant every day. do they need to obtain more restaurants or keep offering more to their current customers?