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18 February 2025 | 21 replies
What feedback has the PM company provided you about the property?
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30 January 2025 | 5 replies
The utility company doesn't manage your property...they provide paid services until they're not paid anymore.
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4 February 2025 | 1 reply
Contact the utility provider and get a historical average based on the last year of use.
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28 January 2025 | 14 replies
So, your focus may need to pivot from high rental cash flow to little to no cash flow as a rental with an appreciation upside.I would recommend taking your $150K to $200K and securing a solid equity position in something that will cover its expenses and maybe provide a small cash flow, but then is poised to appreciate nicely over the course of the next several years.
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24 January 2025 | 5 replies
but they don't provide current rent, value, what they have capital wise, etc.
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28 January 2025 | 29 replies
If it's currently an STR they should be able to provide you with the p/l statement from prior years so you can see gross rents, operating expenses, average daily rates and occupancy levels.
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13 February 2025 | 14 replies
We self manage our properties, but we provide maintenance work for others rentals and pretty much all the property managers around here are mediocre.
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27 January 2025 | 6 replies
Their pro formas felt optimistic with providing 6% annual appreciation and property management that is only about 6% of rent so I take it with a grain of salt (they offer their own property management services but it has terrible reviews on Yelp so I would probably go with someone else).
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29 January 2025 | 4 replies
That makes your bookkeeping easier, and it can also provide liability protection if you hold title in an LLC.
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7 February 2025 | 14 replies
The value of the info he provided cannot be understated.Residential RE is more challenging then a few years ago, but there are a lot of ways to make money in RE.