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18 April 2024 | 12 replies
More details/example fees: Management Fee: 10% of gross rent collected, $50 minimum per unit.Leasing: One full month’s rent upon execution of a leaseOther: 10% will be added to each invoice for any repairs, maintenance, improvements, landscaping, and snowremoval for the Property 50% of late fees collected $50 lease Renewal Fee $50 per utility turn on $25 posting 3 day notice $100 per court appearance witness fee $50 tenant removal with bailiff or police $50 to meet inspectors for housing voucher programs, occupancy certifications, and/or POS or rentalinspections Broker may charge to offset Broker expenses for postage, key copies and other misc. expenses $100 set up fee $120 annual consortium fee ($60 March 1st, $60 Sept 1St)Given all this, how do I input it when I'm making calculations for a potential investment (do I put this in as >10% like 12%, 15% or 20%?
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17 April 2024 | 1 reply
Review the seller’s maintenance records to identify any existing issues or potential problems.Do your financial analysis to factor in the current rent, estimated vacancy rate, maintenance costs, property taxes, and insurance to determine the property's projected cash flow.
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17 April 2024 | 2 replies
Between the Airbnb and the house, the potential rental could be $4,500.
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16 April 2024 | 2 replies
We recently had a rental property where the unit needed re-painted and the carpets needed professionally cleaned multiple times to even get the smell out; which your best bet at that point may just to be to replace any carpeting you may have in the unit.
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16 April 2024 | 1 reply
These platforms allow you to list your camping sites and manage bookings, providing exposure to potential campers.Liability and Insurance: Before proceeding, consult with a local attorney or insurance agent to understand your liability exposure and ensure you have adequate insurance coverage.
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17 April 2024 | 0 replies
There will also be a form for potential leads to enter their information for you to reach back out to them.
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16 April 2024 | 2 replies
I’ve seen a bunch of posts here over the past six month on BP where people seem to be betting big money (some call it investing) based purely on someone’s charm and word.
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17 April 2024 | 2 replies
But even with a 35% downpayment it’s difficult to find properties that yield positive cash flow.We strongly belief in the potential for appreciation in this area.
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17 April 2024 | 13 replies
This, with the addition of a second commission AND the potential of a passive downline, is what made me get excited about this product to begin with.
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15 April 2024 | 9 replies
Technological advancements are reshaping the real estate industry for investors in various ways:Data Analytics: Advanced tools offer insights into market trends and investment opportunities, aiding informed decision-making and risk assessment.Virtual Reality (VR) and Augmented Reality (AR): Remote property exploration with virtual tours saves time and resources, attracting potential buyers or tenants and expediting transactions.Blockchain: Secure transactions via smart contracts reduce intermediaries, costs, and fraud risks in property dealings.Online Platforms and Marketplaces: Digital platforms broaden access to properties, investment options, and real-time market data, enhancing efficiency and transparency.Artificial Intelligence (AI): AI algorithms predict market trends, identify investment opportunities, and personalize recommendations based on investor preferences.Internet of Things (IoT): IoT devices provide real-time data on property performance, enabling cost reduction, efficiency improvements, and better tenant satisfaction.Crowdfunding Platforms: Real estate crowdfunding democratizes investment access, allowing smaller investors to participate in projects previously out of reach.In summary, embracing these innovations enhances efficiency, transparency, and accessibility in real estate investment, enabling investors to capitalize on emerging opportunities and stay competitive in the market.Thanks!