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22 November 2024 | 7 replies
Some STR hosts have switched to MTR though with the laws so maybe you just have a supply problem there.
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2 December 2024 | 35 replies
I'd look at crime rates and I'd also look at multifamily supply projections to see how many units are expected to come online in the next few years.
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26 November 2024 | 25 replies
most if not all real estate sales is regulated to protect buyer and seller.. wholesalers are not regulated and there is a lot of bad things that happen to sellers working withwholesalers and buyers that trust wholesalers only to get a raw deal.
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21 November 2024 | 1 reply
I’m looking for connections with local property managers and realtors as well as for general information on the Rochester rental market, including cost-to-rent ratios, saturation levels, and regulations.
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24 November 2024 | 19 replies
This can lead to more opportunities and partnerships.Market Understanding: As a property manager, you'll gain a deeper understanding of the local market, which can be invaluable when you start acquiring your own properties.Steady Income Stream: Property management can provide a consistent income, which can be particularly beneficial in the early stages of your real estate venture.Skill Development: You'll develop a range of skills from customer service to maintenance oversight, which are crucial for successful property ownership.Brand Recognition: Establishing a presence as a reliable property management company can boost your reputation, making it easier to attract tenants and investors when you start acquiring properties.Cons:Time Commitment: Property management can be time-consuming, especially if you're dealing with multiple properties or demanding clients.Regulatory Compliance: Staying compliant with local laws and regulations requires diligence and can be complex.Conflict Resolution: Dealing with tenant issues and conflicts is an inevitable part of property management and can sometimes be challenging.Financial Risk: There are financial risks involved, including late payments or damage to properties.Market Fluctuations: The property market can be unpredictable, affecting both rental income and property values.Overall, starting with a property management company can be a smart way to enter the real estate space, especially in an area with a clear need for such services.
22 November 2024 | 4 replies
., small houses or retail buildings) that can be torn down and redeveloped.Challenges in South Florida: Be mindful of market conditions and local regulations.
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27 November 2024 | 13 replies
Supply is lower, interest rates high, and people are locked into there houses.
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18 November 2024 | 17 replies
There's plenty of regulation surrounding the STR industry, but it's perfectly legal and welcome here.
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21 November 2024 | 2 replies
I was wondering if there are any programs that any of you recommend to becoming a better real estate agent, especially with studying and learning the laws and regulations for the test.
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22 November 2024 | 11 replies
We're currently looking for ways to streamline supplies for cleaners (toiletries, towels, item replacements) and handle small handyman issues.