If we do get a lot of inflation, rates could be in the double digits, which will hurt sales and sales prices.

Overall next time I do a deal like this, I would put cameras to all of the construction sites, and stay in more regular contact with the GC.

Mine can set door codes, message (or call) guests, schedule cleaners, adjust the thermostat, monitor my cameras, & call a plumber just as easily as a local PM can, for 1% of the costI wrote much more about leveraging offshore assistants in this post here.

I am thinking of putting a security monitoring system (like ring central so I can view on my phone) to monitor my property and would like to install security cameras in a few places on the property.

A fake security camera and yard sign is sure to keep most criminals away.Just a thought.

You could replace the front door lock with a keyless smart lock so each tenant has their own unique code they punch in on the digital keypad to unlock.

Three months ago there were 50 out of 151 major markets with double-digit rent growth forecasted for 2023.  

if you are owner occupied call the Alderman's office cause they have a program where they will reimburse homeowners for damage if the city is at fault which is what you confirm having the plumber meet with the city.I have a guy that all he does 100% is the camera work...does no plumbing work if you need or anyone that sees this needs someone to just come out and camera it.

Generally speaking, a 10 percent cash on cash will equate to an 8x gross rental multiple with no financing (in the smokies.)Looking at current prices now, I don’t see any way someone is getting double digit COC unless it’s a second home 10 percent down, but even those became very strict with a lot of origination points.

This might not sound like much, but this is just the average for all properties in the city, while individual rentals can achieve double-digit return.