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18 June 2024 | 14 replies
There are some markets/small town in California still cash flow with short term rentals essentially if you can self manage and/or can do an owner occupied hosted rental.3) Stay put & sell the condo in the future to get a duplex that you can do a live in flip and house hacking one unit.
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14 June 2024 | 3 replies
Software for the full management aspect of the business
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14 June 2024 | 13 replies
Hey All, I am currently reviewing property management software, I currently manage about 25 doors. the reviews are so mixed.
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14 June 2024 | 4 replies
Hello, I am looking to self manage my first investment.
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17 June 2024 | 5 replies
Overall, it's a mostly all brick, historical older community that used to be well managed in the 90s.
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13 June 2024 | 2 replies
Hi BP, My wife and I are currently looking in Las Vegas and would like to know some of the best, reliable property managing companies in Las Vegas.
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13 June 2024 | 4 replies
My family owns four SFR's in Las Vegas and are currently looking for a property manager.
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16 June 2024 | 1 reply
I have spent the last 8 years co-managing a small remodeling LLC, and have an primary background in project management, client coordination and admin communications/support.
14 June 2024 | 3 replies
Hello:Could someone please recommend rental management portals that you have used or use to securely store your tenants sensitive documents like passport?
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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.