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3 May 2024 | 8 replies
Id think the toughest aspect is making sure folks mesh well and either a cleaner is paid or there are set instructions for cleaning on common areas.
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3 May 2024 | 8 replies
I think the methodology of going out and solving peoples problems is timeless, but because the paperwork and instructions suck, and the material being almost 20 years old, I'd pass on this one.
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2 May 2024 | 3 replies
If some beneficiaries have already rejected seller financing or sub to deals, then the trustee will obey their instructions.
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2 May 2024 | 7 replies
Sounds like they didn't set proper expectations with the seller, didn't uncover all hidden objections, or didn't have a solid contract in the first place.
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2 May 2024 | 10 replies
Look at the instruction manual- some of those things have 50-60+ hardware pieces.
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5 May 2024 | 64 replies
The rental returns are greatly over exaggerated and many monthly Mgmt and other costs are hidden, under quotes or omitted in their promotion.Don’t trust RETA to do your own homework.
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2 May 2024 | 8 replies
You can either send in capital you've saved in a highly accessible account or you can invest using your retirement savings.Wire Liquid FundsIf you've saved your investment capital in a highly-accessible, highly liquid savings or other bank account, you can simply wire the entire investment amount to the sponsor, according to the instructions provided in the investment documentation.
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30 April 2024 | 27 replies
Oh one more tip, ask specific questions, like who is going to not say “yeah im great with communication” , be wary of this trap too because you want the PMs to focus on doing their jobs rather than answering 20 emails from each investor each week, time is our most valuable resource please don’t take up too much of it, when you say “yes” to something you are also saying “no” to something else (opportunity costs)Questions to ask:- what is the eviction process like after COVID 19 in your city (ask for details and differences beforehand)- what are the city rental regulations, what is the process to obtain a rental license, how would you rate this city compared to surrounding cities on difficulty with this process and working with landlords- how do you handle late fees and payment plans, if a tenant calls and says they’re going to be 5-9 days late but have been on time for 6 months what is your response- if multis - how do you handle tenant conflicts- why do they work in property management and how did they get there- if you could invest in any city in the state where would you and why (I love this question because it will tell you if they know where the most profitable areas are for investors and ROIs and hidden costs)- how is water/water bills handled in this city
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29 April 2024 | 9 replies
Is there a website or service that helps create a welcome book to have rental information, instructions, etc?
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29 April 2024 | 32 replies
EARNEST MONEY: In the event of a dispute between the Seller and Buyer regarding the disbursement of this earnest money, the broker is required by Ohio law to maintain such funds in the broker’s trust account until the broker received (a) written instructions signed by the parties specifying how the earnest money is to be disbursed or (b) a final court order that specifies to whom the earnest money is to be awarded.