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9 June 2023 | 2 replies
This is misunderstood by so many investors that think as they buy properties they cannot qualify for the next one because their debt to income ratio is too high when in reality buying cash flowing property should NOT harm your debt to income ratio in any meaningful way.
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30 October 2021 | 6 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
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10 June 2023 | 4 replies
I also speak openly about underwriting investments deals and criticize my wifes spending habits so they understand money.
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12 January 2023 | 3 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesEven if someone give you a referral, don’t make the mistake of assuming the PMC will meet your expectations, just because they met the expectations of the referral source.We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
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6 January 2020 | 42 replies
Get in the habit of scanning the receipt immediately and you can then toss it.
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25 July 2017 | 6 replies
It will start to learn your habits and get easier and easier.
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7 April 2023 | 6 replies
If you did need to go to an eviction and these docs are not prepared correctly, you get everything thrown out by a judge and have to start all over again.Inherited tenants can sometimes be a nightmare, especially if they have had free reign to be late, no entry, bad habits, paying late etc...
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30 May 2023 | 10 replies
Obviously if there is a real safety issue I'd address it while still getting the tenants out as I never want to delay something that could cause harm...but the reality is it probably can wait two months until you do the other work after they are out.
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1 September 2013 | 10 replies
Get good financial habits like tracking every dollar that comes through your fingers.
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23 March 2023 | 5 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.