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21 February 2025 | 11 replies
As the project manager, I learned a tremendous amount throughout the process.
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10 February 2025 | 3 replies
As an invetsment-friendly agent (based out of Houston, TX), I’ve seen how the right professional will help you analyze cash flow, manage comforatble contractor bids, and even drive for dollars if you want a broader look at potential comps or deals in the neighborhood.
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24 February 2025 | 12 replies
I've learned a ton about syndications, partnerships, funding for construction, the development process and so much more about managing consultants than I will ever care to admit.
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10 February 2025 | 3 replies
I only know a few local realtors/ property managers I’m going to meet with them this week to ask more questions.
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5 February 2025 | 21 replies
As a property manager, I also require landlords place me on their policy as "additional insured" and it extends some protections over to me.
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9 February 2025 | 3 replies
A lot of landlords use platforms like Zillow Rental Manager, Apartments.com, or Avail to list vacancies and screen tenants.
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13 February 2025 | 5 replies
Here's the deal:Purchase Price (PP): $95kRenovation Budget (via HML): $60kTotal All-In Cost: $155kARV (After Repair Value): Around $200kRefinance (via DSCR Loan): 7% interest, 30-year fixedRefinance Details:After the refi, I will pay back the Hard Money Loan (HML) at 11.95% with 3 points:HML: $60,000Interest/fees: $3,585Other costs: $1,800Total to pay back HML: $65,385After the refi, I will have $84,615 left in cash.Cash Flow & Expenses:Expected Rent Income: $1,700/monthProperty Management (PM): $126/monthInsurance: $100/monthTaxes: $126/monthMortgage: $1,043.75/monthTotal Expenses: $1,395.75/monthSo my monthly cash flow is about:$1,700 - $1,395.75 = $304.25/month in cash flow.Return on Investment:Cash Invested After Refi: About $18,385 (after paying off HML and closing costs).Annual Cash Flow: $304.25 * 12 = $3,651Cash-on-Cash Return (CoC): $3,651 / $18,385 = 19.8%I didn’t account for maintenance costs since it’s a full gut rehab, and everything is brand new.
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19 February 2025 | 4 replies
I'm looking to sell my first home, which I've been renting out for the last 2 1/2 years -- I first contacted my property management company for seller services, and they initially wanted a year exclusive selling rights.
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10 February 2025 | 2 replies
Their insurance has asked me to return the month's payment for the remaining days of their rental (Unfortunately, I did not have a cancellation agreement).I am unsure how to handle this situation, especially since I couldn't fill the majority of the rental dates and had to offer discounts for the days I did manage to book.
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19 February 2025 | 20 replies
Connect with other investors, agents, and property managers to get a feel for the area and learn from their experiences.Are you thinking about house hacking or just straight-up rentals for now?