22 September 2024 | 8 replies
Back in the day we carried a balance of $100,000+ that was owed to us and that is now down to only $10,000 or so and we only cover out of pocket if it's an emergency.The PM must have sufficient reserves to do the necessary maintenance work and shouldn't be chasing landlords for money.Just my opinion...Also, a PM's number 1 profit center is maintenance up charge.Landlords don't have much insight and PM's nickel and dime to death on those.If you are suspicious, ask for a receipt so they aren't making up non existent maintenance.Let them make their money tho and calculate that into your expense pro-forma.Otherwise, manage yourself and deal with the $#%^@ that comes with it lol.Multifamily in Ohio, you can get for $25,000 - $35,000 a unit.Drop another $5,000 - $10,000 into the turns and rents should be North of $800pm.Decent area's also.Personally, I wouldn't get out of bed unless I'm making the above numbers.Wishing you much success

22 September 2024 | 22 replies
The differences in bed/bath counts actually do not matter that much, but typically sqft does.If you are off by even $100/mo per unit rent-wise, this could turn an 8% CoC return into a 3% CoC return instantly - in which case you'd have been better off just putting your money in the S&P500 and not a rental property.

20 September 2024 | 17 replies
Use their market analysis tool to sort by properties similar to yours (#bed/baths, SF, location, amenities, etc.) and look through specific listings to find ones VERY similar to yours.

19 September 2024 | 0 replies
Increasing the market rent for a 3 bed split level home by $700 monthly, rented in less than a week with multiple interested parties Lessons learned?

23 September 2024 | 33 replies
@Allen Moore In New York City, section 8 is awful, the tenants play the system masterfully and the courts are in bed with the city.

18 September 2024 | 67 replies
Their software was built in-house and is full of bugs and issues they're constantly trying to fix.

17 September 2024 | 4 replies
Just bought my first 3 family in Boston, and I have caught the bug.

18 September 2024 | 2 replies
Less than a year after I took this picture (which I printed out and hung up on my bathroom mirror so I could see it every night before bed, and then see the real thing at the gym every morning), I quit my job and have never worn a shirt and tie since.

13 September 2024 | 12 replies
Avid listener, and finally found a good opportunity to buy a Bed and Breakfast in my city of New Orleans.