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Results (10,000+)
Alexander Holst Recommendations on Property management firms
25 February 2020 | 7 replies
If it's a larger organization, feel free to inquire about their different staff qualifications.2.
Reggie Bullock Advice on flipping smaller rental homes in urban city areas?
17 February 2020 | 3 replies
@Reggie Bullock you could partner with local organizations who need the housing for first time buyers, on top of that if you have a lender who won't redline the area and streamline the process it makes selling homes in the urban areas more appealing to middle income owners.
Dave Bopp $900/month mortgage payment increase?
20 February 2020 | 15 replies
@Dave Bopp my wife handles appeals for commercial and non-profit properties in Philly and has seen some success.
Michael Evans Advice on structuring Partnership
18 February 2020 | 11 replies
We are simply trying to see about setting up an LLC for the property in the simple from of going through the state (va) online and just paying the online fee to register our business instead of going through a Lawyer to draw up a the articles of organizations...and paying more.
Mark Negley The Book on Rental Property Investing by Brandon Turner summary
17 February 2020 | 2 replies
Or offer to help them fix up a unit for free.Real Estate Agent Invests themselves Responsive Hungry Tech-savvy One-on-one supportTo find: ReferralsAfter you find 3: Sit down with each of them Lender(s) Start looking now and start building a relationship with a few Contractors and handymenHow to find: Ask for referrals Check references The 6:00 a.m. home depot trick Ask store employees Make them compete Bookkeeper Keeps you organized and get your taxes ready CPA Looks at the bigger picture Saves you money in taxes Ideally, someone who specializes in real estate Lawyer Helps you set up leases and other forms and prepare you for the best legal entity for holding the properties Help with evicting a tenant Advise on any sketchy situationHow to find: Ask for referrals Insurance agent Ideally a broker Property manager Cost around 11% of monthly rent Interview a couple to get the detailsCh. 5Analyzing a Rental PropertySunday,September 8, 20199:20PMCalculating IncomeTo determine rent, look at: location Number of beds and baths Amenities like ac, parking, and appliances SizeHow to determinethese: Constantly scan the local paper (daily and weekly) Check craigslist often Check the competition and property management companies’ websites Read “for rent” signs - call the phone and act as a tenant to gather info Talk to other landlords - look for REIA When your unit goes vacant, bump up the rent Too many applicants = price too low Check the MLS (multiple listings service)Estimating Rental ExpensesEasy to calculate: Mortgage — mortgage calculator Interest rates - ask a lender Insurance — call the insurance salesman for quote Water — call the local water department Tenant can pay Sewer — call local water of sewer department Tenant can pay Garbage — call rubbish company Tenant can pay Gas — call the gas company Tenant can pay Electricity — call electric company Tenant can pay HOA fees — call HOA president Snow removal — ask local landlords or snow removal company Tenant can pay Lawn care — ‘’ Tenant can pay Property management — Ask local managers in the area Usually around 10% of monthly rent and 50% of a first months rent (just call it 11% Incase they charge a fee) Even if you don’t want the manager now, you will eventually.
Tony Roberts The INFAMOUS SUB TO Discussion *Not for the Scared Investors*
20 February 2020 | 16 replies
@Michael Heisterkamp I mean his numbers here aren't insanely off the reservation, he's not accounting for any FML moments, but beyond that I just think he's organizing the acquisition and finance structure in a way that's way more risky than is needed for same-ish results, given the scenario he's running.
Keena Lawrence Credit Uturn Mobile App
19 December 2020 | 2 replies
It does nothing but efficiently charge me a monthly fee of 29 dollars for NOTHING, as it only served to send random letters to the bureaus on my behalf that all got rejected because they were poorly written and devoid of proper identifying information to carry out the request which by the way, was pointless because it only sought to keep organizations from pre-approving me by denying them access to my credit report.
Michael Jones Watch out for Private Lender Scam
25 February 2020 | 31 replies
Talk to a person, get their email, and send info only after verifying the person/organization really exists.
Chandler C. New Real Estate Investor, from So Cal
23 February 2020 | 9 replies
Maybe for tying the sport organization back to the market, maybe to have a good excuse to visit and see a game!
Peter Chan Dumping manure to get rid of deadbeat tenants
19 February 2020 | 25 replies
I'm sure in the meantime, you could let them know you will be doing some landscaping which involves using an organic fertilizer in the garden.