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9 June 2024 | 6 replies
On top of it, reaching 20% down through principal reduction and appreciation could be a decade out.So you should probably look at the project as a long-term partnership with you co-owning this with your sister for the foreseeable future.But these are great opportunities.
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5 June 2024 | 1 reply
I have been waiting for a good opportunity, and I came across something intriguing.
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9 June 2024 | 14 replies
We're happy to see this.Your satisfaction is our priority, and we're grateful for the opportunity to make things right for you.
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10 June 2024 | 39 replies
I am primarily buy and hold and look for value, and opportunity for STR.
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8 June 2024 | 4 replies
I am currently looking for a 2nd job and I should be getting a raise in my current job.
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8 June 2024 | 1 reply
@Wesley BryantHistorical figures showed real estate and the markets are very similar for returnsIf you are more active as an investor then their is opportunity for higher returns just as if you wanted to be more active in the market.The reason why it might be worth one or the other is diversification and investing in non correlating assets.I invest in real estate because (I think) I know what I am doing - and for stocks that is not my specialty.
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8 June 2024 | 5 replies
I would offer cash for keys, or not renew the lease, and reset the tenants in the building at the first opportunity.
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7 June 2024 | 0 replies
The $35,619 renovation budget presented a clear opportunity to add value.
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7 June 2024 | 0 replies
The $67,150 renovation budget presented a clear opportunity to add value.
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8 June 2024 | 1 reply
These are some of the ways the clients could be affected by property managers who are not prepared: Extended VacanciesInadequate marketing strategies and tenant screening processes can result in prolonged vacancy periods, translating into substantial lost rental income.High tenant turnover due to poor resident relations further exacerbates vacancy losses.Inadequate Maintenance and RepairsNeglecting preventive maintenance and delaying necessary repairs can lead to accelerated property deterioration and higher long-term repair costs.This can also negatively impact tenant satisfaction, contributing to higher turnover rates.Legal and Compliance IssuesLack of knowledge or disregard for landlord-tenant laws and regulations can expose investors to costly legal disputes and penalties.Failure to properly handle security deposits, evictions, or fair housing practices can result in significant financial liabilities.Ineffective Financial ManagementInaccurate budgeting, expense tracking, and financial reporting can lead to uninformed decision-making and missed opportunities for cost savings.Failure to optimize tax strategies and leverage available deductions can further reduce net returns.Diminished Property ValueInadequate maintenance, high vacancy rates, and poor tenant screening can negatively impact a property’s perceived value and appreciation potential.This can significantly affect the long-term return on investment when it comes time to sell the asset.While a 10% management fee may seem reasonable for a well-performing property manager, the cumulative impact of mismanagement can quickly escalate the effective cost to investors, potentially outweighing any perceived savings on the management fee itself.