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18 June 2024 | 15 replies
Doubling seems excessive unless they went from $500 to $1000.
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19 June 2024 | 18 replies
I just had about $700 in excess water charges due to running toilets!
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18 June 2024 | 13 replies
And then an actual message comes through. 2 weeks after check out they wanted to let us know about some spider webs, a microwave built-in that was too high (based on preference), a power strip with loose wire connection and several other items that they never let us know about during their stay.
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18 June 2024 | 4 replies
This is a good question that people on here should be able to give you ideas about what seems appropriate and what would seem excessive.
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17 June 2024 | 11 replies
So, even if 1 property has excessive expenses in a given year the other properties carry it.
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17 June 2024 | 3 replies
For the wobble I assume that the issue is wear and tear which has made the connections loose.
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17 June 2024 | 12 replies
In the same boat but not going to pay tax, probably just going to loose the money I invested.
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18 June 2024 | 83 replies
The key will be to figure out which suburbs and exurbs are likely to gain from the excess demand.
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20 June 2024 | 37 replies
I don't fault people in the past for doing what they had to do get their money back, but I have had so many people reach out to me who have invested with Scott with their retirement money and are so distraught that they could be loosing it.
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19 June 2024 | 18 replies
Hey mate,Thick skin is needed on this forum and in business in general 🤷♂️I just posted something similar on another thread and the best advice I can give is spending enough time finding the right people on the ground before looking at the prospect of a market or a deal.Especially when doing BRRR out of state which is a very tough gig IMO.You can find the best market, with the best growth potential, find the best deal with the best cashflow but if your realtor isn't genuine, your property manager is incompetent and your contractor is a cheat.You will loose money.Also, underestimate your income and overestimate your expenses on every deal and business opportunity.If you think it won't happen to you, I can tell you right now that it unfortunately will...I've completed hundreds of flips and rarely come in at budget from a rehab standpoint.So keep that in mind.Appraisers are a joke and easily manipulated.They follow weird data and many want to cap you intentionally (No idea why...) on the ARV.They play it safe and can see how much you paid and what you spent on rehab so they will cap the value and come in under fair value on many appraisals.I stopped dealing with selling to investors looking to finance many moons ago as it wasn't efficient from a business perspective and I'm not in the business of using "in-house" lenders and manipulating appraisals like many others do.