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31 May 2024 | 6 replies
This gives you some optionality and management over the process.
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30 May 2024 | 0 replies
I've managed to house hack my way to owning a fully paid-off 2-bedroom, 1-bath, 900-square-foot home valued at approximately $67,500.
30 May 2024 | 4 replies
I also have 5 + years experience in Property Management.
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30 May 2024 | 13 replies
I talked to 2 property management companies who I should rent the house out to one tenant/one household (e.g a couple or family).
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30 May 2024 | 15 replies
That's how it is in OH at leastThey are on a lease but according to my realtor the property manager is going away when I close the scrow and I'm taking over the tenants so the realtor suggested to get a new lease from me.
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31 May 2024 | 12 replies
Ensure the DSCR calculations work with the high LTV and your credit score, especially if the lender won't use MTR or STR income.Lender Criteria: Some lenders won't work with new operators, some only use market rent, and others will use STR estimates or income statements from property managers with similar properties.I hop the bullet points make it easier to understand.
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30 May 2024 | 5 replies
I wonder should I keep it on rent 3500 per month on an average.Property management fee : 300 Maintenance issues: 600 a year on an averageMortgage left: 350K If I decide to sell I might make 700-800K cash.
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30 May 2024 | 5 replies
I would greatly appreciate any recommendations for essential resources, such as websites, books, or forums, that have been invaluable to your own real estate investing journey.Furthermore, if you have referrals for trusted professionals in the DC metro area, such as contractors or property managers, I would be immensely grateful.If you're an experienced investor in this region and open to collaborating with an enthusiastic newcomer, I would love to connect and explore potential partnerships.Thank you for your support and advice.
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30 May 2024 | 43 replies
My biggest challenge was finding an effective property manager as I was not able to manage it myself.
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30 May 2024 | 12 replies
While I don't own a brokerage, I have been managing a team of RE agents for over 5 years.