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11 December 2024 | 1 reply
We were able to create a great coworking lounge as well as build out a great entertaining space on the rooftop for stargazing, yoga, movie nights, dancing, great food, drinks and ocean and city views.It was in decent condition, just a lot of deferred maintenance, Has appreciated.
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11 December 2024 | 13 replies
Unfortunately there's a lot of alarmist/scare tactics utilized to upsell these services that do nothing but generate revenues for those who are selling the service and often leave the clients with recurring expenditures i.e annual maintenance costs.
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9 December 2024 | 6 replies
I am considering other options to see if there are ways I can hire someone to just do showing only and mamage my own rent collection through Zillow app, I also have my own contactors to do maintenance but have been paying monthly fee to my property manager who has done literally nothing, they also never answered my calls.It definitely sounds like you need to reevaluate your relationship with your property manager.
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10 December 2024 | 5 replies
Approaching it like that would also automatically set an expectation for the owner to pay maintenance expenses.
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13 December 2024 | 35 replies
New construction is also a solid option because everything’s brand new, and you’re less likely to run into issues with maintenance early on.As for research, I’d focus on the local economy and rental demand.
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16 December 2024 | 21 replies
It’s a 2 hour drive and the only things I can think of that I for sure need help with will be the cleaning and someone to take care of maintenance issues.
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3 December 2024 | 21 replies
I will also be tracking expenses related to repairs, maintenance, travel to and from NV, hotel stays, meals, gas, and other regular business costs.In the long term, I aim to purchase additional properties under the business name, but I understand I need to establish at least two years of income and credit history before doing so.The issue I’m encountering is that my accountant has not provided any guidance on how to structure this scenario.
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9 December 2024 | 4 replies
You’ll want to make sure the rental income comfortably covers the new mortgage, taxes, insurance, and any maintenance costs.
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8 December 2024 | 4 replies
I use RentRedi to collect rent and receive maintenance requests.
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10 December 2024 | 10 replies
I need a suggestion here to handle maintenance and cleaningTURNO for automated cleaner payment and scheduling along with inventory trackingQuickbooks / Bookkeeper to keep my PM business in alignmentChase bank & trust accountI'd like a better method for managing linens (bulk order) and distribution.I'd love to compare property management / cohosting agreements with someone to share best practices.