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19 August 2024 | 4 replies
I'm also using my own VAs to manage my cold calling (communication with buyers and sellers), admin tasks, and social media.
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15 August 2024 | 6 replies
@Michael MattinglyRecommend 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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19 August 2024 | 7 replies
Maybe if you put a large down payment on the property and you find a low HOA fee building but there is also the potential risk of large special assessments if the HOA isn't well managed.
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20 August 2024 | 11 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.
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18 August 2024 | 5 replies
We manage 60+ units (Primarily STR and MTR) we had one pivot from an STR to MTR.
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19 August 2024 | 8 replies
I’m active in Huntsville and manage about 2,000 turnkey properties in Alabama for out of state investors.
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13 August 2024 | 2 replies
I’m curious to hear your thoughts and experiences on fix and flip projects.
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18 August 2024 | 3 replies
Essentially no income details are required and the loan is based off of the collateral of the property and income, calculated using the active rents, appraisal rent schedule or even STR income or projected income.
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16 August 2024 | 4 replies
However, if you plan to rehab at all, you will then need a licensed contractor to provide bids on each project you plan to rehab.You will then be asked to provide a proof of any funds to close, purchase agreements, and if closing as an LLC - most times documentation on that LLC.Overall, the larger number of units (5+) makes the lending process based more off the property than the borrower, contrary to traditional single family housing.I would recommend you work with a Loan Originator/Broker who will be the medium for you to the lender/s.
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19 August 2024 | 12 replies
We manage several there that get a great rent rate.